Award-winning global fintech brand EXANTE is a broker offering a powerful trading platform with access to over 50 financial markets and 500,000 trading instruments, all available through a single multi-currency account. EXANTE’s offerings appear to be lucrative not only for individual traders but also for asset managers, brokers, and financial institutions.
Still, choosing the right broker to support your trading is a meticulous process that requires considering numerous factors. While legitimacy, security, and trustworthiness are undeniably paramount, other aspects such as customer support and platform speed should also be taken into account when selecting a broker.
How does EXANTE fall into line with industry standards and customer expectations? This honest review will provide you with all the necessary details and a comprehensive EXANTE opinion.
What does EXANTE offer to traders?
Although many traders know EXANTE as a broker offering a powerful trading platform, it is also a provider of two robust APIs that can be leveraged to further enhance your trading experience or build unique financial products.
Trading platform
The EXANTE team provides traders with access to a unique web application built by the company’s specialists without using third-party services, which helps maintain its reliable performance. To ensure a stable Internet connection even in regions with low latency, EXANTE utilizes 1,100 servers globally, which further contributes to smooth trading experience and secures data transfers.
The web version of the EXANTE trading platform is a straightforward solution that does not require the installation of any additional software and can be used on both desktop computers and mobile devices. It supports trading with a vast range of functionalities, including:
- Flexible customization and configuration;
- Creating your own watchlist with instruments of your interest;
- Using charts for analyzing real-time and historical data with diverse strategies;
- Assessing resistance levels by analyzing market depth;
- Accessing summaries on the current condition of your portfolio;
- Placing orders of different types and durations;
- Benefiting from cross-margin trading by using your funds as collateral.
For greater convenience, EXANTE has also developed standalone applications that can be installed on a variety of desktop and mobile operating systems, including Linux, macOS, Windows, iOS, and Android.
FIX 4.4
In addition to the trading platform, traders can leverage EXANTE’s APIs for algorithmic trading and quote monitoring. By using the industry-standard FIX 4.4 protocol, EXANTE helps traders collect consistent and standardized data across diverse exchanges and access different markets. The API also supports order execution.
HTTP API
Furthermore, EXANTE assists developers in building advanced financial applications. With its HTTP API, which combines HTTP REST and HTTP streaming, users can create a variety of software products, from market analysis applications and smart messenger bots to comprehensive trading solutions.
Fund withdrawals
As a rule, it takes less than 24 hours for EXANTE to approve its customers’ withdrawals. However, the withdrawal time depends on bank operations and may take between 3 and 5 days.
To withdraw money from the EXANTE platform, you will need to pay a fee based on the currency and amount of money you want to withdraw. If you fund your account with a transfer of securities instead of a cash transfer and use EXANTE exclusively to liquidate these assets, EXANTE will apply non-standard fees based on a particular scenario. In other cases, you will be charged either 30 EUR/GBP or 0.9% of the withdrawn amount, whichever is greater.
For withdrawing money immediately after making your deposit, EXANTE will charge you 30 EUR/GBP for any withdrawn amount.
Meanwhile, other commissions apply to securities. In this case, you will have to pay 150 EUR/GBP per ISIN.
Customer support
On its website, EXANTE promises to respond to inquiries from its customers within three minutes of receiving their messages. Although this claim may appear too ambitious, the customer support at EXANTE is indeed very swift and helpful. It is available 24/7 and can be accessed through email and phone in English, while the consultants supporting EXANTE’s chat conversations can also communicate in other languages.
Is EXANTE legit?
While EXANTE has not yet acquired a license from the US Securities and Exchange Commission (SEC), which makes it inaccessible to traders from the USA for the time being, it is licensed by several other reputable governmental agencies:
- The UK Financial Conduct Authority (FCA);
- The Securities and Futures Commission of Hong Kong (SFC);
- Malta Financial Services Authority (MFSA);
- Cyprus Securities and Exchange Commission (CySEC).
Both XNT LTD and EXT LTD, investment firms operating under the EXANTE brand in Malta and Cyprus respectively, comply with the regulations of the EU directive on markets in financial instruments (MiFID II).
EXANTE is serious about maintaining transparency of its services and has published detailed information from the respective registries.
Bottom line
If you are looking for a secure and comprehensive trading solution with a high level of flexibility and access to a vast array of trading instruments, EXANTE can be the right choice. International licenses, transparent policies, and relatively small fees, combined with cooperative and responsive customer support, make this platform a secure place to trade. Meanwhile, customers looking for robust financial services to integrate into their own software, whether for proprietary purposes or for enhancing personal trading, can also consider the APIs provided by EXANTE.
