Exante is a CFD and forex broker that operates online. It has been in business since 2011. It is a project of the company Exante which is located in Malta. The company is allowed to work as a fund manager as it holds a licence given by Malta Financial Services Authority.
As Malta is part of the European Union, Exante is allowed to work in the European Union. However, many people don’t know if they should trust Exante or not. This is not new, as people are usually afraid of investing their money with new brokerage firms.
An easy way to find if Exante is a scam or legit you can read a brokerage exante review. However, read this article to find out if Exante is a scam or legit.
They have a minimum deposit
To start working with Exante you have to give a minimum deposit that is $10,000. Thus, it shows that the broker wants to allow people with big accounts to work with them.
According to the brokerage Exante review, Exante does not allow any credit cards or other payment methods. They only allow wire transfers for fund accounts.
However, to help their users, they also provide them with demo accounts. With these demo accounts, you get virtual funds of $1000,000. Users can use these accounts to practice their work and get better at it.
The spreads and leverage
The spreads offered by Exante are variable. However, they are suitable for users. The EUR/USD spread is usually approximately 0.3 pips. This is an excellent thing for users as stated by brokerage Exante review. They, however, charge commissions on each spread that is of 0.5 pips.
The leverage given to users by the said broker is over 1:50. However, this is not recommended for beginners.
Custom trading platform
The broker does not have an MT4 platform or an MT5 platform. Therefore, it is working on developing a new platform on its own. While it is true that the platform that they create will not be better than MT$ or MT5.
However, it is better than many platforms that brokers develop on their own as stated by brokerage Exante review. Users can use this platform on both PC and Mac. Also, it can be used on Android or iOs devices. The interface is easy to use and consists of various features that can be used for trading.
Conclusion
In conclusion, the broker is safe to use as many traders use it. The broker has gained popularity in a short period!