Choosing a suitable broker is an important part of every trader’s investment journey. Before deciding to participate in the financial markets, traders must find a broker that offers suitable products, account conditions, fee structure, and a powerful trading platform. All these factors can have a tremendous impact on the quality of a trading experience, which can potentially increase the chances of doing well in the markets.
In this broker review, we take a look at EXANTE’s trading platform. Here, we present its functionalities, features, and technology. Keep reading below to learn more about it.
What is EXANTE?
EXANTE is a leading global investment company that offers a wide range of trading instruments from global markets ranging from Europe to the US, to the Asia-Pacific region. The broker was founded by Alexey Kirienko, Anatoly Knyazev, and GatisEglitis. The brokerage firm prioritises technology and financial information accessibility, which is reflected in its dedication to providing superior trade execution and personalised user experiences.
As of the time of writing, EXANTE services clients in more than 100 countries. Clients can access over 50 markets and 600,000 financial instruments, including stocks, metals, bonds, currencies, and derivatives such as futures and options. EXANTE is licensed in the UK (FCA), Malta (MFSA), Cyprus (CySEC) and Hong Kong (SFC). As the brokerage firm operates in the EU, it also complies with the MiFID II framework, which ensures financial operations in the EU are regulated and standardised, and that trader’s funds are protected.
Traders that wish to participate in the financial markets have a few options when it comes to opening their trading accounts. EXANTE offers three types – the individual, corporate, and demo accounts. Individual accounts must fulfil a minimum deposit of 10,000 EUR/GBP, while corporate accounts must fulfil a minimum deposit of 50,000 EUR/GBP. Demo accounts on the other hand are free of charge, and traders instead receive 1,000,000 EUR in virtual funds to practice their trading skills and test out new strategies.
EXANTE’s trading platform
It is important to note that EXANTE does not provide a connection to the MT4 and MT5 platforms. What this broker does instead is offer a bespoke trading solution – namely its trading platform. Regardless of the account type, EXANTE traders can execute and monitor their trades on this platform which offers over 600,000 financial instruments.
Features and functions
The first impression of the EXANTE trading platform is that it is highly customisable and intuitive. It has a terminal that can be used in any browser, and traders can participate in the markets while on the go through the trading app.The main functions of the EXANTE web trading platform are explained below.
Traders can access and look for all available instruments in the Instruments tab. Instruments are mainly grouped by type and sorted in alphabetical order for clarity and convenience. Traders can also narrow down the list by searching directly for instruments via their name or ticker. Traders can also view options they can trade for when they turn it on in Settings (via the ‘Show Options’ toggle).
The Quote monitor on the platform lets traders see real-time quote streams on their favourite instruments (up to 100) alongside bid/ask/mid prices and bid/ask sizes. Traders can also check the last quote update time and see price changes in absolute and percentage terms. For traders who are monitoring a large portfolio or want to keep track of a handful of instruments at the same time, this tool can give them great flexibility and convenience.
Time and sales
The brokerage firm offers another module called Time and Sales, which lets traders gain more information about the instruments with tick-by-tick data in their time and sales panel. Recent trades made on exchanges are shown in descending order (most recent shown first). It is a good way for traders to gauge when or whether they should enter or exit the market, as well as what other people are doing.
Market depth allows traders to see the active limit orders by trading side, which is arranged by price. The colourcoding provided by EXANTE offers a nice ‘at-a-glance’ overview of market depth, which will prove invaluable for traders who are looking to discover price levels and support/resistance zones.
For more seasoned traders, EXANTE ‘s trading platform allows for API integration for both quotes monitoring and algorithmic trading. Traders can integrate HTTP API with their trading systems and back office, and they can obtain raw trade data in the form of live market quotes and price alerts.
Some of the apps the broker recommends people use include the price alerts bot on Telegram that provides access to quotes and charts for their product range of over 600,000 financial instruments in global markets. Traders can also access market stickers to share prices of financial instruments or set up an exchange rates bot to follow certain currency dynamics closely.
EXANTE fortunately provides an easy-to-follow HTTP API integration manual on their official website, in addition to instructions that allow traders to create demo apps to test out new integrations before trading live.
Overall, EXANTE’s trading platform follows its mission – to provide clarity and accessibility in financial trading and investment. The platform is intuitive with a customisable and clear interface, and traders can find an impressive amount of information on markets, instruments, as well as their own trading progress.
Traders who wish to execute more complex strategies will be pleased to know EXANTE also provides HTTP API integrations. As such, if you are looking to find a trading platform that can do it all, EXANTE is certainly one worth your consideration.