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Business News/ Brand Stories / Exante Broker: Scam or Legit? An In-depth Analysis
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Exante Broker: Scam or Legit? An In-depth Analysis

Founded in 2011, the multi-asset trading platform serves investors in more than a hundred countries and is ideal for seasoned investors

Exante BrokerPremium
Exante Broker

Exante is the brand name used by several regulated financial institutions around the world. Regulated Brokers operating under the Exante brand name enjoy access to Exante's trading platform which offers access to financial markets and more than a million financial instruments.

Founded in 2011, the multi-asset trading platform serves investors in more than a hundred countries and is ideal for seasoned investors.

In this analysis, let’s examine whether Exante is a scam or legit, what it offers, how it protects investors, their trading instruments and fees, and the pros and cons of trading with Exante.

Note that any reference to “Exante" in this content relates to the brokerage firms licensed to operate and use the Exante brand name.

Key takeaways

- Exante was founded in 2011

- The platform offers access to over 1 million financial instruments

- The Exante brand is used for several licensed investment firms in the UK, Malta, Cyprus, and Hong Kong.

- Exante serves investors worldwide, except for the US and sanctioned countries

- The trading platform is ideal for seasoned investors

- Exante’s clients include wealth managers, banks, and private investors

- Offers a demo account with 1 million EUR in virtual currency

- The trading platform is available on the web, desktop, and mobile

About Exante

Exante is a global trading platform used by reputable brokerage firms licensed in Hong Kong, Malta, Cyprus, and the UK. It’s an advanced trading platform with access to 50+ markets, available on a central dashboard and a single multi-currency account.

With a minimum deposit requirement of 10,000 EUR for individual traders and 50,000 EUR for corporate accounts, Exante typically attracts seasoned investors, banks, and wealth managers. Instruments available include stocks, ETFs, bonds, options, futures, funds, and metals.

Exante has received multiple awards over the years - including winning the Diversity Marketing & Recruitment Initiative of the Year award from The Financial Times two years in a row - and its brokerage firms are licensed with various reputable financial regulatory bodies, including the FCA and MFSA.

Is Exante a scam?

Exante is a reputable global trader founded in 2011 and has more than 1.6 billion AUM as of 2023. Its proprietary trading platform allows direct market access to a wide range of financial instruments and its wide range of partners ensures diversification and easy access to all financial operations and risk management tools.

With over a decade of steadfast growth, Exante combines cutting-edge technology with robust regulatory compliance to ensure a safe and secure trading experience.

As of January 2024, Exante has a 4.1 rating on Trustpilot.

Why Exante is legit

Legal structure

Exante is a global trademark shared by a family of brokers licensed individually by the FCA (UK), MFSA (Malta), CySEC (Cyprus), and SFC (Hong Kong) extending across 20+ global locations including London, Cyprus, Malta, and Hong Kong.

The Exante trademark is solely owned and licensed by XNT LTD. XNT LTD has granted the use of the Exnate trading name and branding to EXT Ltd., XHK Ltd., and LHCM Ltd.

Regulatory compliance

Exante’s investment firms are licensed by the FCA (UK), CySEC (Cyprus), and SFC (Hong Kong) and it has a footprint that spans 20+ global locations including London, Cyprus, Malta, and Hong Kong.

These regulations ensure that Exante operates within strict ethical and financial standards to provide peace of mind to traders about the safety of their investments.

Exante is also committed to protecting client information and ensuring confidentiality by adhering to stringent data protection laws. Exante is GDPR compliant and its privacy policy outlines the measures it takes to protect personal data and prevent any misuse.

Investor protection

Investors’ funds are protected by the Investor Compensation Scheme which protects investors in the event that the broker becomes insolvent. The scheme compensates investors for a portion of their assets and safeguards them if the broker experiences financial difficulties.

Pros and cons of using Exante

Pros

- Trade over 1 million financial instruments from a single account

- Trade on the web, desktop, and mobile

- Personal account managers for a customized trading experience

- Exante is licensed with multiple authoritative bodies

- Transparent fee structure

- Ideal for experienced traders

Cons

- High minimum deposit amount for individual traders

- Currently no option for third-party indicators on the terminal

- Withdrawal fee of 30 EUR regardless of the amount

Exante trading platform

Exante trading platform
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Exante trading platform

Web

Exante’s web-based trading platform allows clients access from any web browser, without the need to download any software. It has a sleek and intuitive user interface, and traders can easily switch between financial instruments, execute trades, and manage their portfolios. 

The platform has comprehensive charting tools and real-time data feeds, offering traders the resources they need to make informed trading decisions. One of the key features of the web trading platform is its customization abilities, thanks to its modular structure.  

Desktop

The desktop trading platform provides traders with a comprehensive trading experience and is designed to meet the needs of professional traders by providing in-depth trading tools and features. It doesn’t rely on your browser or HTTP protocol, meaning faster trading order processing and eliminating unnecessary delays or connectivity issues.  

Mobile

Exante’s mobile trading app is available for Android and iOS and it has some similar features to the desktop version, with a comprehensive suite of trading tools with a sleek and user-friendly interface.

Traders can look at real-time market data, manage their portfolios, and execute trades with a few clicks. The app is easy to navigate and offers features like a bond screener and basket trader. 

Exante fees

Exante’s trading fees only apply to actual trades and they have a very transparent fee structure. The latest fees can be found on their website here

Trading fees

Trading fees for stocks and ETFs on main U.S. exchanges have a maximum rate of USD 0.02 per share. Fees for European exchanges start from 0.02% up to 0.18%. Trading fees on Asian exchanges vary between 0.1% to 0.1927%. These fees are current as of January 2024.

Fees for futures and options vary based on the exchange; the fee for U.S. exchanges starts at 1.5 USD and the fee for European exchanges starts at 1.5 EUR. Other exchanges like OSE, ASX, SGX, and HKEX have their own fee structure. The is a 0.25% cash conversion fee on all major currency pairs, except EUR/USD, which has a zero fee. For all other pairs, the rate is 0.4%.

Some other fees include:

- Shorting stocks: 12% of the transaction as an annual rate

- Custody fee: 0.3% annually (applies to bonds)

- Margin trading fees: None as long as the margin utilization is below 100%

- Manual execution: 90 EUR for voice trading (phone/email orders)

Deposits and withdrawals

Individual accounts have a minimum opening deposit of 10,000 EUR and for corporate accounts, it's 50,000 EUR. Deposits are accepted in various currencies including EUR, GBP, JPY, CHF, CZK, SEK, CAD, HKD, MXN, PLN, NOK, SGD, and AUD. 

Deposit payments are accepted via bank transfer and Exante accepts deposits from any bank, with a few exceptions, such as crypto exchanges and institutions in restricted regions. 

In terms of withdrawals, Exante has two commission structures: standard and non-standard. The standard commission is EUR 30 per withdrawal, whereas the non-standard commission is 0.9% of the withdrawal amount. Note that if this rate comes to more than EUR 30, the higher amount will apply.

Conclusion

Exante is a highly regulated global broker that offers a wide range of instruments with transparent rates and commissions. There are minimal downsides, like the high minimum deposits and some lack of automation, but Exante is an excellent choice for experienced traders looking for advanced features on a modular, customizable trading platform. 

FAQs

Is Exante a scam?

No, Exante is a global trading platform that is highly regulated and its clients include institutional investors, wealth managers, and private investors. 

Is Exante safe?

Exante is a safe and highly regulated trading platform with a footprint in multiple countries. The company has won numerous awards and upholds the highest compliance standards.

Is Exante regulated?

Yes, Exante’s investment firms are licensed by the FCA (UK), CySEC (Cyprus), and SFC (Hong Kong). 

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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Published: 09 Feb 2024, 04:31 PM IST
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