EXANTE is a brokerage firm founded in Malta in 2011 by Anatoly Knyazev, Gatis Eglitis, and Alexey Kirienko. The founders prioritised innovation and growth, as well as transparency in information in financial technology and the markets. In this article, let us look at EXANTE’s products and fees, as well as its company values, such as its mission and vision. This will provide potential clients of the broker with a good overview of whether their values align with the broker’s.
EXANTE’s financial instruments
EXANTE provides direct market access to over 600,000 instruments across 50 global markets, including the largest ones internationally, such as the NASDAQ, the NYSE, the LSE, and the HKEX. The list of asset classes available for trading include forex, stocks and ETFs, options, futures, metals, and bonds. Traders can participate in trading from multi-currency accounts that support the following currencies: USD, EUR, GBP, CHF, JPY, AUD, BND, CAD, CNY, DKK, HKD, NOK, SEK, TBH, SGD, and ZAR. However, deposits are limited to bank transfer in USD, EUR, or GBP.
EXANTE provides cross-margin trading for all live account holders. This means traders can use previously employed instruments as leverage to acquire new assets – an efficient way to make the most out of a portfolio. There are no account maintenance fees, as long as the individual live account minimum deposit of 10,000 EUR/GBP is reached. Commissions are charged on trades, depending on the size of the trade and the instrument that is being traded. EXANTE’s website also states that more financial instruments can potentially be added upon the request of traders.
Segueing into EXANTE’s fees, there is a small withdrawal of 30 EUR for all withdrawals. The commission charged on trade execution depends on the instrument traded and the size of the trade, as well as the account type – individual or corporate. EXANTE has competitive spreads on its trades. Stocks and ETFs are available from 0.02 USD, currencies with spreads from 0.3, metals from 3 USD, futures from 1.5 USD, options from 1.5 USD, and bonds from a rate of 9bps. There are no hidden fees charged by the broker – what you see is what you get.
There are some other fees and charges outlined clearly on the EXANTE website. Traders should be sure to read through them on their Rates and Commissions page before they begin trading, to ensure they have a full and clear understanding of trading policies. Overnight fees may be charged on positions held overnight going short and those for FX. However, these fees depend on market conditions and instrument volatility, and they can change frequently. Overnight rates are also subject to a triple fee from Wednesday to Thursday night for the weekend, which is something traders should be aware of. Other instruments aside from FX are not subject to overnight fees going long.
Short sellers may also be charged a fee for the positions they take. Short selling is available on liquid stocks, and there is a predefined limit. The actual fee depends on the client’s trading strategy, the instrument (stock) that is being traded, and of course, market conditions such as its volatility. EXANTE has a default rate of 12% for easy-to-borrow stocks for all clients, but traders who want to borrow stocks to take part in short selling can also contact [email protected] for an updated quote and availability.
Finally, EXANTE may charge a monthly inactivity fee of 50 EUR for individual traders of live accounts that have a balance of under 5,000 EUR, no open positions, and have not been trading for six months. For many active traders, this will not be a problem nor a concern. Nevertheless, it is worth mentioning.
EXANTE’s company values
EXANTE was founded by professional traders that have a strong foundation and background in statistics, software development, and brand management. As such, the broker claims it is a ‘professional broker founded by professionals, for professionals’, and it understands the importance of hosting a superior trading environment for its clients. The company’s mission is to provide transparency in the financial markets and to bring information to their clients to allow them to make more informed trading decisions. The entrepreneurial spirit of the brokerage is evident in its dynamism and willingness to embrace new solutions and adopt new technologies.
EXANTE was one of the first brokerages to adopt Bitcoin trading and facilitate blockchain technology, and today, it has a large portfolio of digital currencies and other financial instruments. This was, no doubt, in part due to its co-founder Anatoly Knyazev’s keen interest in and passion for cryptocurrency. Knyazev has always advocated for digital currencies and the development of blockchain technology, and EXANTE reflects its co-founder’s openness.
Over the years, EXANTE’s company values have guided the investment company to win multiple international awards. This includes Fastest Growing Multi-Asset Broker in the UK from Gazet International Magazine in 2023, and for the second year in a row, the broker won Product or Service of the Year in the 2023 Diversity in Finance Awards hosted by the Financial Times. As EXANTE’s total AUM crosses $2 billion in 2023, the broker has only continued to grow and develop. By today’s standards, EXANTE is certainly world-leading, fuelled by its mission of market transparency and integrity.