The EXANTE trading platform: set-up and evaluation
EXANTE is a multi-asset brokerage firm that serves a global clientele. It provides access to over 30 financial markets and instruments across a wide range of markets, from FX, stocks, and bonds to metals, futures, and options. There are over 1 million tradable instruments, and the broker’s target demographic includes advanced traders looking to trade on an individual and corporate level.
In this review, we are looking at the broker’s trading platform, from its set-up to evaluating its features and functionalities. To learn more about the broker, you can click here to read another review or visit other professional reviews.
Overview of EXANTE
EXANTE is a brokerage firm founded in 2011 by Alexey Kirienko, Anatoly Knyazev, and Gatis Eglitis. EXANTE works with advanced traders by allowing them to create individual or corporate live trading accounts starting from 10,000 EUR/GBP and 50,000 EUR/GBP respectively. The broker caters to traders looking to execute complex strategies, and their main mission is to host a platform that supports this. Technology is a key pillar in their vision, and they aim to enhance financial data transparency.
EXANTE is regulated by the SFC in Hong Kong and the FCA in the United Kingdom. In Malta and Cyprus, it is regulated by the MFSA and CySEC. The regulations the broker follows stipulates the segregation of client funds, and the broker undergoes regular audits to ensure credibility and operational compliance.
What does the EXANTE trading platform look like?
The EXANTE trading platform has two trading areas – one for live trading and one for demo trading. The platform can be accessed through the web terminal, mobile, and desktop.
The web platform
The EXANTE web platform is accessible to live and demo traders, and it is a standard solution that is equipped with a multi-window layout manager. Clients can reshape the layout and customize it to fit their needs and requirements, and it includes the ability to drag and drop modules to new locations within the screen, combining modules in a single tab, and changing module sizes by dragging their boundaries.
There is a standard chart in the middle of the screen and sidebars on the left and right and at the bottom. Instruments can be chosen and selected on the left sidebar, with orders to be placed on the right sidebar. Beneath the chart is a horizontal module that allows traders to view their price alerts, orders, and portfolio status, which will show information related to open positions and pending and active orders.
What can the EXANTE platform do?
The EXANTE platform offers various features which carries across from the web terminal to the desktop version. These include:
- Watchlists that allow traders to find and monitor investment instruments
- Real-time and historical charting data within different timeframes
- Chart studies that allow traders to examine the market stance
- Viewing of tick-by-tick trading data
- Market depth visualization to discover resistance levels
- Order placement of different types, which can also be sorted by duration
- Order placement including Take Profit / Stop Loss
- Margin utilization checker and level viewing to manage the use of leverage, and traders can benefit from cross-margin trading
- Portfolio management by having open positions at a glance
- Real-time update of a detailed summary
APIs for automated trading
One of the biggest benefits of working with EXANTE is the ability to automate trades with their in-house APIs. One of which is the FIX connection, based on the industry standard FIX 4.4 protocol. Traders can obtain market data and execute trades with EXANTE’s FIX bridge, and there is peace of mind offered as all data is encrypted. This connection is free for EXANTE traders with over 50,000 EUR/GBP in their live account, and they can request credentials from their account manager.
EXANTE also offers an HTTP API, a mix of HTTP REST and HTTP streaming. Traders can use it to access live and historical quotes. With this market data source built into trading, EXANTE’s clients can build their own apps such as price alert notifications, real-time monitoring of price movements, and option strategy advisors.
How to set up the EXANTE platform
To set up the EXANTE platform, it will depend on the version that the trader prefers. The web terminal is accessible from the EXANTE website. The desktop version can be downloaded as a setup file from EXANTE’s website as well for installation, and the mobile version from the App Store or Google Play Store.
Only the web version of the EXANTE platform is available for those who have not registered with EXANTE.
When setting up the desktop version of the platform, instructions will be displayed within the setup file. Logging into the platform for trading requires the trader to first select their mode: Live or Demo. While the demo area is accessible to all traders registered with EXANTE, the live area is restricted. Only those who have verified their identity and deposited the minimum amount of funds required can access the live trading area.
More information about set-up can be found on EXANTE’s website and through their Support Center. There are also guides on how to use the platform – from how to place orders to how to monitor and close them.
Final words
The EXANTE trading platform is a powerful tool for those who would like to execute more complex strategies. While it is accessible for all on the web terminal with or without account registration, their mobile and desktop applications require sign-in to access demo trading and account verification and funding to access live trading. The broker created the technology for advanced traders, and both individual and corporate traders will find the platform innovative and intuitive with its customizable layout and ability to plug in APIs.