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EXANTE is one of the most frequently chosen trading platforms available in the market today. While EXANTE is particularly popular among advanced traders due to its competitive pricing and support for complex trading strategies, it is also favored by novices who benefit from the platform’s free demo account and absence of maintenance costs.
Despite the numerous advantages of this broker, it is still crucial to assess its credibility before you decide to use its platform. Explore this article or read the EXANTE review on franknez.com to check whether this broker is indeed legitimate.
EXANTE’s Licenses
The first crucial question that needs to be answered before you decide to move forward with a broker is whether it is licensed. In the case of EXANTE, it has been granted licenses by four different institutions.
The Hong Kong-based investment firm XHK LTD, operating under the EXANTE brand, is licensed by the Securities and Futures Commission of Hong Kong. Additionally, there are three European branches:
- XNT LTD, located in Malta and licensed by the Malta Financial Services Authority;
- Cyprus-based EXT LTD, licensed by the Cyprus Securities and Exchange Commission;
- LHCM LTD, situated in the UK and licensed by the Financial Conduct Authority.
EXANTE provides official information from the respective registries to any interested parties.
As a broker licensed in two European Union countries, EXANTE is also subject to the EU’s general financial regulations. Meeting these stringent requirements further contributes to the legitimacy of the broker.
International Recognition
EXANTE is not only a licensed broker, but it has also been rewarded numerous times for its high-quality services by reputable institutions and organizations.
Among the most recent awards earned by EXANTE are “Fastest Growing Multi-Asset Broker UK 2023,” “Most Sustainable Investment Company UK 2023,” and “Best Trading and Investment Solution Provider UK 2023,” all granted by Gazet International, a prominent business magazine.
The finance news outlet Wealth and Finance International also gave EXANTE prestigious awards in 2023, recognizing the company as the Global Capital Market Access Expert of the Year and the Best Multi-Asset Financial Services Firm.
Previously, EXANTE received awards from renowned market influencers such as Financial Adviser, European Business Magazine, Best Broker Digital, Investment Innovations, Global Banking and Finance Review, and the Malta Blockchain Summit jury, among others.
Customer Support
While the credibility of a broker can be officially proven by regulatory institutions, regular audits, and contest juries, an average user can assess its trustworthiness by the effectiveness of the broker’s customer support.
In this regard, EXANTE consistently scores high, providing its users with 24/7 customer support available through multiple channels, including phone, email, and chat. As mentioned earlier, EXANTE has physical branches in several countries, where experts are ready to assist customers during in-person meetings.
The promptness of responses also plays a crucial role, and EXANTE’s experts strive to assist customers swiftly after receiving their requests.
Understanding and empathetic specialists from EXANTE are committed to providing consistent assistance across all communication channels supported by the broker.
Free Account
EXANTE also takes care of its new customers by allowing them to get acquainted with the platform’s interface and functionality without risking their own money or going through a time-consuming identity verification process. With just a few clicks, you can create your demo account and access most of the functionality supported by the live platform and the markets it provides access to.
The introduction of a free demo account is a thoughtful move to help traders prepare for real-world transactions while safeguarding their funds.
Reasonable Pricing
Another crucial aspect of EXANTE that contributes to its dedication to creating an efficient and transparent trading environment for its customers is its reasonable pricing.
While trading is always associated with costs, many of which are determined by the markets you engage in, brokers also impose their own fees. EXANTE has taken steps to democratize its services by minimizing the expenses associated with using its platform.
First of all, it does not require any account maintenance payments and does not charge fees for deposits.
Secondly, its inactivity policy is quite relaxed compared to other brokers – you will only have to pay an inactivity fee if your balance is below 5,000 EUR and you have not engaged in any transactions or trading on the platform for the past 3 months. In this case, you will have to pay 50 GBP or EUR to the broker per month.
Finally, the broker also has competitive fees for withdrawing your money, which is only 30 GBP or EUR or 0.9% of the transaction amount, whichever is greater.
Conclusions
Assessing the legitimacy of the broker you would like to partner with for trading is a crucial step that should not be omitted, even if the services you are interested in enjoy great appreciation among investors.
EXANTE is a broker that has been licensed by the governments of Hong Kong, Cyprus, Malta, and the UK and operates in alignment with general EU standards. Its financial policy, transparency, professional and easily accessible customer service, combined with the free access to the demo version of its platform, are among the proofs of the credibility of this broker.
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