Global Investment Company EXANTE Offers Easy Onboarding and All-in-one Trading Accounts

EXANTE is a global investment company offering over 600,000 financial instruments across over 50 trading markets. Founded by Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis, the broker is fully licensed by the FCA in the UK, the CySEC in Cyprus, MFSA in Malta and the SFC in Hong Kong. It operates formally in the European Union and follows the MiFID-II financial regulatory framework.

Below, we examine EXANTE’s different account types. This review will guide the information you need to open a new account that allows you to trade live. We will also go through some of the features of the different accounts, touching on the account closure process too. If you are considering opening a trading account with EXANTE, read on to make the most informed decision possible.

EXANTE offers two types of live trading accounts: individual and corporate. Both point to a single demo trading account that can be explored too. Here are the formal requirements for both types at the time of publishing. For the latest requirements, please visit the broker's official website.

Traders can open an individual multi-currency account with a minimum deposit of 10,000 EUR/GBP. To verify their identity, they must provide a formal identity through a valid passport, residence card, driving licence, or any other national or government-issued identity card.

Proof of residence no older than six months should also be supplied as a utility bill, bank or PSP account statement, or correspondence from a central or local government authority.

Corporate accounts require more documentation, most of which organised businesses should already have. These need a minimum deposit of 50,000 EUR/GBP to get the ball rolling. Proof of registration is essential - in the form of a certificate of incorporation or the company registration certificate itself. An extract from a local official registrar is also acceptable.

Aside from these, corporate entities must share additional incorporation documents such as memorandum and articles of association, partnership agreements, by-laws, and/or statutes. There must also be registered “office proof” in the form of a recent (no older than six months) certificate of registered office, good standing, or an extract from a local official registrar.

Additionally, active status proof of the corporation where they work is required. Similarly to the previous documents, this can be a recent (within six months) certificate of incumbency, a good standing certificate, or an extract from the official registrar.

For more information on any other information to provide, such as the corporation’s local Tax Identification Number (TIN) and shareholder documentation, please visit EXANTE’s website.

EXANTE also provides a demo account for traders who wish to spend time paper trading. Registration is free of charge, and users receive simulated virtual funds of 1,000,000 EUR to test out strategies and try out trading in different markets. This amount of virtual money can be adjusted by contacting support. Demo trading is risk-free; traders can neither profit nor incur losses.

It’s good to know that live accounts that trade on the EXANTE utilise real-time market data, while demo account market data is delayed by at least 30 minutes. It is possible for traders seeking separate private and corporate accounts with EXANTE to do so – excellent news for those who wish to trade in a personal and professional capacity.

Live accounts have access to the entire product range offered by EXANTE, including over 600,000 financial instruments. These cover Forex, Bonds, Stocks, Options, Futures, ETFs, Metals and more.

EXANTE is a global broker, but there are parameters regarding who can open an account. The investment company currently accepts clients worldwide, excluding the USA (citizens and residents), Japan, Iran, the Democratic People’s Republic of Korea (DPRK), Belarus, and the Russian Federation.

The following countries require additional due diligence: Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen. EXANTE updates the list frequently, so it's worth keeping up with it via their website.

EXANTE allows authorised and unauthorised traders to execute trades on behalf of their clients.

Authorised traders include licensed asset management firms regulated in their country of operation. These traders can manage an unlimited number of accounts.

Unauthorised traders have individuals and unlicensed asset managers – these may be professionals or experienced traders, but they do not hold a licence in asset management. These traders can manage up to 10 accounts.

With a diverse client base, EXANTE responds to the different trading needs of its account holders. They follow through on this promise by allowing traders to open joint accounts.

Traders can open one account to oversee multiple individual ones. All new accounts must go through identity verification and comply with local regulations. All parties involved in the joint account must also sign an agreement. This is an excellent option for users to manage funds on behalf of others, and a maximum of 4 individual clients can participate in a single joint account.

A thorough broker review should also explore the account closing process. That said, having a long-term view of your investments is better. These are implications of withdrawing funds too quickly, but it is possible to close the account quickly if you wish.

EXANTE offers a straightforward account closing process, with a detailed overview illustrated in its support centre. Traders can quickly close accounts by closing all positions simultaneously, converting any available currencies, and then submitting a withdrawal request for the remaining funds. The process is smooth and understandable, and traders can quickly contact their account manager or the support team to request an account closure anytime.

Yes, traders with EXANTE can transfer open positions into an open account with another institution – a feature that other brokers seldom offer. In our opinion, this not only makes EXANTE a great broker in terms of providing a good trading experience but also in terms of allowing their clients the freedom and transparency to choose what to do with their investments.

EXANTE clients can access global markets and trade countless financial products on a single device. Whether traders want to open an individual or corporate account, they must abide by a strict identity verification process to protect their funds and increase the quality of the trading experience.

Those who prefer to trade on a demo first can register with the broker. Joint accounts are also available, with a maximum of four individual clients.

Lastly, EXANTE has a straightforward account closure process with an excellent client support team, as can be expected from a professional broker that puts transparency at the forefront of its operations.