EXANTE is a global investment company that offers over 600,000 financial instruments on over 50 global markets, including exchanges in the US, Europe, and Asia. The broker was founded in Malta in 2011 by co-founders Alexey Kirienko, Anatoliy Knyazev, and Gatis Eglitis, who have strong backgrounds in the financial markets, mathematics, computer science, and business management.
The broker has clients from all over the world, and it is licensed and authorised in the regions where it operates. It is regulated by the MFSA in Malta, the CySEC in Cyprus, the FCA in the United Kingdom, and the SFC in Hong Kong. Currently, the broker offers access to products including currency pairs, bonds, stocks, ETFs, metals, and derivatives such as futures and options.
In this review, we will look at the available account types offered by EXANTE. We will examine account opening requirements, the verification documents required, and the features and functionalities of the accounts. We will also quickly review the account opening requirements as well as the speed of fund deposits and withdrawals.
EXANTE’s account types
EXANTE offers two types of live trading accounts – individual and corporate. It also offers a demo trading account for those looking to hone their trading skills and gain familiarity with their bespoke trading platform. Below are details and our opinion of the account types. Readers should be reminded that this information is accurate at the time of publishing. For the latest updates and more information, please visit a comprehensive review at https://www.haaretzdaily.com/exantes-account-types/, or the broker’s website.
Individual live account
Traders of all skill levels can open an individual live account with a minimum deposit requirement of 10,000 EUR/GBP. To verify their live account, traders must provide proof of their identity in the form of a valid residence card, passport, or any other official document such as a driver’s licence. They must also ensure they maintain the minimum deposit requirement throughout their time as a trader with EXANTE.
Corporate live account
Traders can also open a corporate account, which has a minimum deposit requirement of 50,000 EUR/GBP. To verify a corporate account, traders must not only provide personal identity verification, but also provide proof of corporation registration in the form of certificates of incorporation or similar official documents.
Joint live account
Aside from the individual and corporate live accounts, EXANTE offers clients the option of a joint account. This is a good option for traders who wish to manage funds on behalf of other parties, and a maximum of four individual clients can participate in a single joint account.
EXANTE provides a demo account for traders who want to familiarise themselves with the trading platform and trade new products and strategies. Demo accounts are available free-of-charge, and traders receive 1,000,000 EUR of virtual money to test out trading. They can gain access to EXANTE’s full product range of over 600,000 financial instruments, but market data is delayed by 30 minutes. When trading with a demo account, neither profits nor losses can be incurred.
Functions and features of live accounts
Traders with EXANTE’s individual and corporate live accounts can gain access to the broker’s entire product catalogue, and trading will take place on the broker’s bespoke trading platform, which is available on mobile and desktop. Traders can access 100% real-time market data in a network of over 1,100 servers across the world to ensure low latencies and safe data transfers.
Who can open an account with EXANTE?
EXANTE is a global investment company that welcomes traders from almost every corner of the world. However, it does not accept clients from the United States (residents or citizens), Iran, Belarus, the Russian Federation, the Democratic People’s Republic of Korea (DPRK), and Japan.
Traders of the following countries are also required to undergo enhanced due diligence: Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen. This list is updated by EXANTE continually, and prospective clients should access the broker’s website for the latest information.
Speed of fund deposits and withdrawals
One of the benefits of opening an account with EXANTE is that the broker offers speedy and straightforward fund deposits and withdrawals. This is a great feature to have and appreciated by traders of all skill levels. For those who want to withdraw money from their account, they can do so by firstly closing any open positions, converting any currencies required, and then submitting a withdrawal request for the funds. The EXANTE support team processes requests smoothly and quickly.
Traders should ensure that withdrawing funds will not cause their account to fall below the minimum deposit requirements, as that may cause position closure or a freeze of the account.
EXANTE is a global investment broker that has gained the trust of clients from around the world. With over 600,000 financial instruments available for trading, the broker offers an impressive range of products that can help any trader create a well-balanced investment portfolio. EXANTE offers individual and corporate live accounts, joint live accounts, and a free demo account for registered clients. The broker also has a straightforward fund withdrawal process, with a strong support team that can field client requests and provide solutions efficiently.