The needs of professional traders are quite different from those of beginners, including requirements for cutting-edge analytical and risk management solutions as well as algorithmic and high-frequency trading capabilities. These special needs should be considered when choosing a trading platform.
EXANTE, a global broker licensed in the United Kingdom, Cyprus, Malta, and Hong Kong, is one of the most popular choices among advanced traders. What makes EXANTE a preferable choice for seasoned investors? Read this professional trader’s review of EXANTE to explore the advantages this broker can offer you.
Wide Choice of Markets and Instrument Products
One of the key benefits of EXANTE is the wide choice of markets and instruments it supports. In its extensive offering, traders can find over 1 million financial products that can be traded through a single multi-currency account. EXANTE’s product assortment includes currencies, stocks, ETFs, futures, options, bonds, funds, as well as metals.
With EXANTE, traders gain access to the world’s largest markets, including ICE Singapore, RSA-based JSE, Danish OMXC, German XETRA, Swedish SOMX, US-based NASDAQ and NYSE AMEX, among many others.
Platform Compatibility
Traders, regardless of their skill level, often prioritize convenience and choose mobile trading. Portable devices provide investors with greater flexibility, allowing them to get fast access to markets and manage trades on the go.
With EXANTE, investors can swiftly switch between the desktop and mobile versions of their software. The broker provides software optimized for Android, iOS, Windows, Mac, and Linux operating systems.
Low Latencies
As mentioned earlier, low latency is one of the most sought-after features of trading platforms. In trading, especially advanced trading, milliseconds can play a crucial role, providing investors with a competitive advantage through faster order execution. At the same time, low-latency platforms safeguard traders against price slippage, which is the difference between the expected price and the actual price at the time of trade execution. Furthermore, algorithmic, and high-frequency trading, which allow platform users to execute a large number of trades within short time intervals, also rely on low latency.
To provide its customers with such advanced trading capabilities, EXANTE has invested in 1,100 servers located all over the world, ensuring the stability and robustness of its platform. With its powerful infrastructure, EXANTE makes trading with a speed of 10 milliseconds possible.
Algorithmic Trading
As discussed earlier, the low latency supported by EXANTE makes it possible for its customers to enjoy algorithmic trading. For this advanced trading approach that requires a high speed of trade execution, the broker has developed a dedicated API based on the FIX 4.4 bridge.
Algorithmic trading leverages automation, enabling trade execution without human intervention. With the EXANTE API, traders can set up their own trading models adjusted to their preferred trading strategies, which will trigger predefined actions based on specified times, quantities, and prices.
With algorithmic trading supported by EXANTE, seasoned investors can implement complex methods such as high-frequency trading, market making, arbitrage, or index fund rebalancing.
Attractive Fees
Although trading fees are a crucial criterion for choosing a platform for both advanced investors and novices, it is the former who tend to trade with larger funds. Naturally, any required payments based on transaction or deposit size will be much larger in such a scenario.
EXANTE ensures the cost-efficiency of its services, allowing its customers to utilize its platform free of charge as the broker does not require any service fees. The algorithmic trading API is also provided for free to users whose deposits are at least 50,000 EUR.
EXANTE also has relatively low requirements for inactive users. Similarly to other brokers, EXANTE has an inactivity fee that must be paid if a trader does not utilize the service for a prolonged period. However, EXANTE regards its customers as inactive only after a period of 90 days without executing any orders and having a balance of less than EUR 5,000.
The broker also does not have any deposit fees. Margin trading fees are required only when margin utilization exceeds 100%.
Meanwhile, fees for trades that EXANTE’s users must cover depend on the issuing exchange. Forex trading as well as short trades overnight fees are applied. For bonds, a 0.3% custody fee is required.
Final Thoughts: EXANTE for Professional Traders
EXANTE has a rich offering that can satisfy the trading needs of the most experienced traders. From a wide assortment of instruments and markets to exceptional low latency and an API for algorithmic trading combined with free access to many services, EXANTE helps traders optimize their expenses and leverage complex strategies. The broker also provides traders with great flexibility, allowing them to use their preferred devices and switch from the mobile to desktop applications.
With its advanced trading capabilities and professional support, EXANTE caters not only to individual traders but also to professional wealth asset managers, financial agencies, and institutions.