Frequently asked questions about EXANTE
What is EXANTE?
EXANTE is a global investment company that provides direct market access through its one-stop-shop investment and trading solutions. Established in 2011 by founders Anatoly Knyazev, Alexey Kirienko and GatisEglitis, the firm has over a decade of experience in delivering tailored and bespoke financial services to its clients. As of writing this article, the brokerage firm currently has over $2 billion in assets under management (AUM).
The brokerage firm further provides over 600,000 financial instruments in more than 50 markets which traders can access directly on EXANTE’s bespoke trading platform. EXANTE is also proud of having a network of more than 1,100 servers all around the world, in order to help ensure the lowest latencies and the safe transfer of data.
EXANTE’s founder additionally believes that information and money are very similar to one another. As a result, they wanted the world of finance to be as accessible and fluid as information. When they were developing EXANTE, the founders saw technology as a way to improve the connectivity of the financial services industry. In order to address this, they built a single platform to centralise access to thousands of financial instruments. Personalisation and privacy are additional core elements of what EXANTE sees as the futureof financial investment services.
What licenses does EXANTE have?
Traders can breathe a sigh of relief knowing that EXANTE is currently licensed and regulated in all regions that they operate in. This means that the client’s assets and funds are being protected, making EXANTE an extremely reputable and secure brokerage firm.
In the UK, EXANTE is regulated and authorised by the Financial Conduct Authority (FCA), while in Hong Kong, the broker is instead licensed by the Securities and Futures Commission (SFC). In Malta, EXANTE is licensed by the Malta Financial Services Authority (MFSA). This regulation allows the brokerage firm to provide financial services to both retail and corporate clients, for both investing and trading purposes. In Cyprus, the investment firm is licensed by the Cyprus Securities and Exchange Commission (CySEC).
As a broker that operates in the EU, EXANTE is further subjected to MiFID II requirements. This is a specific legislative framework that regulates financial markets in the EU and improves the protection of traders and investors. It further aims to standardise practices over the EU and restore confidence in the sector. It also regulates off-exchange and over-the-counter (OTC) trading.
What account types does EXANTE have?
EXANTE mainly offers two types of live trading accounts – the corporate and individual trading account – and one type of demo trading account. For those who are unfamiliar, below we have explained the account requirements. However, do keep in mind that the information is accurate at the time of writing. For the complete requirements, make sure to double-check the broker’s official website.
Traders have the option of opening an individual trading account with a minimum initial deposit of 10,000 EUR/GBP. To verify their identity, users must provide proof of identity in the form of a valid passport, a national or government-issued identity card, or a residence card. Clients must also provide proof of residence in the form of a recent (within six months) utility bill, bank or PSP account statement, or correspondence from a local or central government authority or agency will also be needed.
Those who are looking to open a corporate trading account have to follow a process that has more documentation and requirements. Corporate accounts have a minimum initial deposit of 50,000 EUR/GBP. Proof of registration can come in the form of registration of the company or a certificate of incorporation. An extract from a local official registrar is also accepted.
Additionally, corporate establishments must have incorporation documents such as memorandum and articles of association, partnership agreements, by-laws, and/or statutes. There must also be a registered office proof in the form of a recent (within six months) certificate of registered office, good standing, or an extract from a local official registrar.
Moreover, those who are looking to open a corporate account must further provide active status proof of the corporation in which they work. This can take the form of a recent (within six months) certificate of incumbency, good standing certificate, or extract from the official registrar.
These are only a few of the documents needed to open a corporate trading account with EXANTE. For more information on what else to provide, do visit EXANTE’s official website for an updated list of documents.
How to close a trading account?
Traders will be happy to know that EXANTE also offers an easy and straightforward way to close an account, with a detailed overview found in the broker’s support centre. Live accounts can quickly be closed by traders first by closing all positions at once, converting any currencies available in their account, and then submitting a withdrawal request for remaining funds. The process is seamless and smooth, and traders can easily contact their account manager or the support team to request an account closure anytime.
How to contact EXANTE?
EXANTE fortunately provides a few different ways for people to contact them, in the case any questions or issues crop up. Clients have the option of reaching EXANTE’s customer support team through email, telephone, chat, or callback requests 24/7. Aside from working around the clock, EXANTE’s support team states that it guarantees an answer within three minutes upon getting a receipt of a trader’s request.
Aside from a rapid response time, EXANTE further prides itself on offering multi-language support. This can be extremely helpful if a trader’s first language is not English. Other languages EXANTE supports include but are not limited to German, Chinese, Spanish, Portuguese, Italian, and more.