Choosing the right brokerage firm to work with is one of the most important things a trader must do when getting started. Before settling on a broker, they should understand its product offerings, account types, and fee structures. Below, we have broken down a few key features of EXANTE UK, so that you can make a more informed decision.
Table of Contents
Account types EXANTE offers
For those who are looking to register an account with the brokerage firm, EXANTE offers a few different account types, though they can be split into two main categories – live and demo.
Live accounts
There are two different types of live accounts that EXANTE offers. The first is the individual trading account. In order to open one, an individual account holder should provide a minimum initial funding of 10,000 EUR/GBP or its equivalent currency. Some documents needed include proof of identity (such as a government-issued ID card or passport), as well as proof of residence (such as a utility bill).
The second is a corporate account. Corporate account holders should instead have an initial funding of 50,000 EUR/GBP or its equivalent currency. The documents needed to open a corporate account are more varied, including proof of registration, incorporation documents, Tax Identification Number (TIN), Corporate Document certification, power of attorney and more. Furthermore, the Onboarding department may request additional documents.
Additionally, joint accounts are available for clients who are looking to oversee multiple individual accounts. That said, clients still need to meet the requirements for individual accounts as well as pass a compliance test. This unique account type allows account managers to find new opportunities. However, traders must remember that only a maximum of four individual clients can use a single joint account.
Demo accounts
Users can also register with EXANTE’s demo account using simulated funds if they are looking to practice their trading skills before actually participating live in the financial markets with real money on the line. The demo account is free for all people who register with EXANTE, and traders can trade with virtual funds of up to 1,000,000 EUR, and the currency can be adjusted upon a trader’s request. That said, it is important for traders to note that market data is delayed by at least 30 minutes due to the demo account’s simulated trading environment.
Any restrictions
Currently, EXANTE is a global investment company that works with a wide variety of clients from all over the world. However, despite being an international brokerage firm, there are still a few restrictions issued by the broker regarding registering an account.
Right now, EXANTE does not work with clients from the US (both residents and citizens), Iran, Japan, the Democratic People’s Republic of Korea (DPRK), Russia and Belarus. Traders from the below regions and countries also require enhanced due diligence – Afghanistan, Iraq, Bosnia and Herzegovina, Ethiopia, Syria, Lao PDR, Uganda, Vanuatu, and Yemen.
EXANTE’s trading platform
EXANTE is a broker that is specifically focused on developing trading technology and promoting financial transparency, which can be seen by its easy-to-use trading platform. More specifically, the trading platform offers direct access to all financial instruments and markets from a single multi-currency account. The trading platform can be used on both desktop and mobile, and the brokerage firm also provides a network of more than 1,100 servers around the world working together to ensure high security and low latency.
Platform features
EXANTE’s trading platform provides a very in-depth and comprehensive trading experience, with a full set of functions and features that traders can take advantage of. These include:
- Trade activity
- Real-time market data
- Bond screener
- Click-trade function
- Current orders and historic order review
- Account balance
- Transaction history overview
- Transfers between accounts
- Position overview
EXANTE’s trading platform can also be used on multiple devices at the same time. This means that traders can use the platform on their desktop computers while also managing orders on their smartphone’s trading app. They also have the option of using two opened desktop platforms on a single device by using different directories. That said, the brokerage firm does warn people to not do so for computers with low capacities – as it may slow down the working speed of the electronic device.
APIs and technology
Professional and experienced traders have the option of inputting third-party plug-ins such as various APIs to execute complicated trading strategies if they wish to. There are a few ways to do so.
One way is through utilising EXANTE’s HTTP API, which enables traders to construct cutting-edge applications, visualise market quotes, and utilise options strategy advisors to increase trading productivity. Traders can also use the FIX 4.4 API, which enables algorithmic trades to execute automatically without the need to keep an eye on the markets. It’s crucial to keep in mind that EXANTE has explicitly stated that they are not liable for the functionality and security of traders’ third-party trading devices.
Bottom line
In the world of financial trading, picking a broker that aligns with one’s investment goals is essential. On the whole, EXANTE is considered a highly trustworthy and reliable broker that is regulated globally in many major trading locations. Along with an impressive range of financial instruments on offer and robust features in its trading platform, traders should be able to enjoy a smooth and comprehensive trading experience regardless of their experience and skill level.