EXANTE review – is the broker legit?

EXANTE is a multi-asset global brokerage firm. Founded in 2011 by Alexey Kirienko, Gatis Eglitis, and Anatoly Knyazev, the firm has expanded over the years due to its ambition and commitment to a high level of service. With over a million instruments available for trading, the broker caters to advanced traders who are looking to trade as an individual or on behalf of corporations. The firm currently has over 2 billion USD in total assets, and it serves clients from around the world with some exceptions.

This review will mostly look at EXANTE’s reputation and their compliance with local regulations in the regions where they operate. As they serve advanced traders and have a high live account minimum deposit requirement at 10,000 EUR/GBP and 50,000 EUR/GBP, traders may be hesitant to work with the broker and rightfully so.

To get a full picture of the broker, you should check out EXANTE’s website for information on their offering as well as reviews from EXANTE users on their trading experience. Remember that all forms of trading come with risk – especially when leverage is involved. If you are looking for a new broker to work with, you should do your due diligence to ensure they are regulated and can be trusted to host your funds.

EXANTE’s background

EXANTE was founded in 2011 in Malta by three industry experts who sought to improve transparency for financial data. Its founders are Alexey Kirienko, Gatis Eglitis, and Anatoly Knyazev. Prior to founding EXANTE, they worked in banks and brokerages and have extensive experience and profound interest in trading algorithms and trading in the financial markets. They also have educational backgrounds in business, statistics, and finance, in which they undertook their degrees.

EXANTE is in a unique position as it caters to advanced traders who trade in high volumes, execute complex strategies, and prefer the use of more sophisticated trading tools. The broker provides its own trading solution, the EXANTE trading platform, which allows traders to plug in their HTTP API and establish a FIX connection for algorithmic trading. Their full offering includes over 1,000,000 financial instruments for trading across FX, stocks, bonds, metals, options, and futures. Margin trading is available with margin utilization levels being monitored by the broker, but no margin fees are charged.

EXANTE: regulations and compliance

EXANTE is regulated by the MFSA in Malta, the FCA in the United Kingdom, the SFC in Hong Kong, and the CySEC in Cyprus. Since its founding in 2011, it has passed all the regular checks by financial regulatory bodies they comply with to ensure investor interests are safeguarded and market transparency is achieved.

EXANTE is also audited annually by the world’s largest accounting and professional services firms, and these audits include those that pertain to compliance by local regulators. 

As EXANTE does not currently take on clients who are residents or citizens of the United States, it is not regulated by the SEC, which is the regulatory agency in the US.

Additional steps taken by EXANTE

There are other steps that the broker takes to facilitate healthy and secure interactions with regulatory bodies around the world to increase client fund safety and investor confidence. These include:

  • Regulatory workshops and seminar participation – the EXANTE team reports attending these to stay up to date with compliance requirements and best practices.
  • Consultations with regulators – the EXANTE team has a seat in meetings with regulatory bodies’ representatives, where industry challenges and safety concerns are discussed.
  • Whistleblower programs – EXANTE works with regulators to implement a robust whistleblower program for employees to report misconduct or regulatory violations.
  • Advisory panel participation – the EXANTE team has a collaborative approach with existing and upcoming advisory panels to ensure well-balanced and well-informed regulations.
  • Non-interference in clients’ trading positions – as an execution broker, the EXANTE team states that they adhere to a strict policy of non-interference in clients’ trading positions. Though they retain the right to close positions in times of margin utilization violation.

Formal measures for EXANTE clients

EXANTE is also clear in their stance and takes steps to safeguard against illegal activities and to improve their risk management system. Some of the actions and barriers they have implemented for their clients are:

  • Customer Due Diligence (CDD) to identify and verify client identities
  • Know-Your-Customer (KYC) Practices to remain informed about the origin of exchanged funds
  • Ownership and Control of Client Structure
  • Politically Exposed Persons (PEPs) Authentication to reduce the risk of financial crime
  • Suspicious activity reporting, with a direct reporting line to an in-house Money Laundering Reporting Compliance Officer (MLRO)
  • Daily screening of the client base to ensure compliance
  • Sanctions monitoring to ensure all transactions comply with international regulations

Final words

For those wondering if EXANTE is a legit broker and can be trusted, the answer is yes. EXANTE provides a sophisticated trading platform that opens doors to over a million instruments in global financial markets, and they are compliant with the regulatory bodies that oversee their operations. As transparency is one of the core pillars of the broker, it is not surprising, and traders can feel safe working with EXANTE.