Choosing the right broker is an important part of every trader’s investment journey. Before deciding to participate in the financial markets, you must not only find one that offers the right products, account conditions, and fee structure for you, but also one that provides a suitable trading platform. The latter can have a tremendous impact on the quality of your trading experience, and it can potentially increase your chances of finding success in the markets.
In this review, we aim to look at the EXANTE trading platform. We will first look at its features and functionalities. This will include an evaluation of the platform’s capacity for third-party plug-ins and tools, which traders can use to execute more complex strategies. We will then rate their offering of tools and indicators on the platform, while providing an overview of how each tool can be used.
EXANTE is a leading global investment company that offers a wide range of trading instruments from global markets ranging from the US and Europe to the Asia Pacific region. The broker was founded by Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis and registered in Malta and Cyprus. EXANTE prizes transparency, and it prioritises technology and financial information accessibility. This is reflected in the broker’s dedication to providing superior trade execution and personalised user experiences.
EXANTE serves clients in more than 100 countries. Its clients can access over 50 markets and 600,000 financial instruments, including currencies, stocks, metals, bonds, and derivatives such as options and futures. EXANTE is licensed in the UK (FCA), MFSA (Malta) Cyprus (CySEC), and Hong Kong (SFC). It also complies with the MiFID-II framework, which ensures financial operations in the European Union are regulated with traders and that their funds are protected.
EXANTE traders who wish to participate in the financial markets have a few options when it comes to creating their accounts: individual, corporate, or demo. Individual accounts must fulfil a minimum deposit of 10,000 GBP/EUR, while corporate accounts must fulfil a minimum deposit of 50,000 GBP/EUR. Demo accounts are free of charge, and demo traders receive 1,000,000 EUR in virtual funds to practise their trading skills and test out strategies.
EXANTE does not provide connection to the MT4 and MT5 platforms. What this broker offers, instead, is its bespoke solution – the EXANTE trading platform. Regardless of account type, EXANTE traders will execute and monitor their trades on this platform that offers over 600,000 financial instruments.
Our 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 outlined below:
Traders can access and look for instruments in the Instruments tab. Instruments are grouped by type and sorted in alphabetic order for convenience and clarity, and traders can narrow down the list by searching directly for instruments via their name or ticker. They can also view options they can trade for certain underlying assets when they turn it on in Settings (‘Show options’).
EXANTE offers clear and concise charting with colour-coded options and the ability to add drawings and indicators. Traders can also choose their chart style and set up other preferences. If they want to share an existing chart, they can do so by copying a link to the instrument. One exceptional feature that EXANTE offers on their trading platform is the ability to copy not only the instrument’s chart but also the timeframe that is being viewed in. This allows for great accuracy and precision in trading and sharing.
Chart timeframes include 1, 5, 10, or 15 minutes, 1, 4, or 6 hours, 1 day, 1 week, or 1 month. This is a good range that can provide enough information for both short-term and long-term traders, and the desktop platform also includes tick data.
· Quote monitoring
The quote monitor on the platform allows traders to 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 simultaneously, this interface can give them great flexibility and convenience.
· Time and Sales
EXANTE offers another module called Time and Sales, which allows traders to gain more information into instruments with tick-by-tick data in their times 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 traders are doing.
· Market depth
Market depth allows traders to see the active limit orders by trading side, arranged by price. The colour-coding provided by EXANTE offers a nice ‘at-a-glance’ overview of market depth, which will prove invaluable or traders looking to discover price levels and support/resistance zones.
The order panel on the EXANTE platform is relatively straightforward and consists of all the key, necessary elements for manual traders: bid and ask prices, order type, quantity, duration, and risk management tools such as take profit and stop loss order setting. Forbidden orders are automatically restricted.
Finally, the margin module on the EXANTE trading platform is another standard that allows traders to gain more clarity into the kinds of trades they are making. Traders can view essential information on their account value such as their available funds and their margin utilisation in percentages or absolute values.
For experienced traders, the EXANTE trading platform allows for API integration for algorithmic trading and quotes monitoring. Traders can integrate HTTP API with their back office and trading systems, and they can obtain raw trade data in the form of live market quotes and price alerts.
Some of the apps the broker recommends include a 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 currency dynamics closely.
EXANTE provides an easy-to-follow HTTP API integration manual on their website, as well as guidelines that allow traders to create demo apps to test out new integrations before going live.
In summation, EXANTE’s trading platform fits nicely into the professional broker’s mission – to provide clarity and accessibility in financial trading and investment. The platform is intuitive with a clean and customisable interface, and traders can find an impressive amount of information on markets, instruments, and their own trading progress and profile.
Traders who wish to execute more complex strategies will also be delighted to find its compatibility with HTTP API for app building, with a clear integration manual. If you are looking to find a trading platform that can do it all, EXANTE will certainly be worth your time, and you can build your skills with the broker with a supportive and professional team to guide you at every step along the way.