Trading with EXANTE – overview of the broker’s fees and rates

EXANTE is a broker that was founded in 2011 by Gatis Eglitis, Anatoly Knyazev, and Alexey Kirienko. They are regulated in the UK by the FCA, in Hong Kong by the SFC, in Malta by the MFSA, and in Cyprus by CySEC. They offer trading of FX, equities (stocks and ETFs), bonds, metals, and derivatives such as options and futures.

In this review, we will focus on the cost of trading with EXANTE. We will go over what they charge for overnight fees, withdrawals, their rates and trading commissions, and more. If you wish to learn more about the broker’s platform features, you can visit this review that talks about EXANTE trading fees.

Table of Contents

  • General service fees
  • Exchange-imposed fees
  • Overnight fees
  • Margin trading fees

General service fees

At EXANTE, the broker strives to keep things simple and transparent when it comes to service fees, and they keep the numbers up on their website and update them frequently. In general:

  • Transferring funds to an EXANTE account is free of charge. EXANTE does not impose any fees for this.
  • Clients can freely move money between their own EXANTE accounts and sub-accounts without incurring any fees.
  • Using leverage when trading through EXANTE comes at no extra cost – it is available by default as part of the broker’s service.
  • EXANTE provides both FIX API and HTTP API access free of charge to clients who maintain a minimum deposit of 50,000 EUR or equivalent.
  • Opening and maintaining an EXANTE account is always free, regardless of the funds held or the instruments traded.
  • An inactivity fee of 50 EUR/GBP is charged for those with a positive balance of less than 5,000 EUR or currency equivalent. It is also charged for those who have not performed trades within the past 3 months, counted per user (and not per subaccount held).
  • There is no fee for fund deposits.

Exchange-imposed fees

  • Fees are charged only for real trades executed by the client.
  • Clients can trade any number of instruments starting from the specified minimum traded unit.
  • The size of the minimum traded unit varies by instrument, and the specific value for each can be found in the ‘Instruments’ section of the EXANTE trading platform.

Exchange fees for stocks and ETF trading

Regarding how stocks and ETF trading differs across exchanges, EXANTE provides the following details:

On the main US exchanges, the maximum rate is $0.02 per share.

On European exchanges, the fees vary from 0.02% to 0.18%.

Trading on major European exchanges, such as Euronext Brussels or Euronext Paris, is subject to a 0.05% fee.

EXANTE also grants access to major Asian exchanges, with fees ranging from 0.1% on the Tokyo Exchange to 0.1927% on the Hong Kong Exchanges.

Exchange fees for options and futures trading

Regarding instrument trading fees across exchanges, EXANTE provides the following details:

On the main US exchanges, the fee starts from $1.5 USD per instrument.

For futures trading on the main European Exchanges, the fee is 1.5 EUR per instrument.

On the DGCX, the fee is 2 USD per instrument.

On the HKEX, the fee is 22.54 HKD per instrument.

On the OSE, the fee is 20 JPY per instrument.

On the ASX, the fee is 6 AUD per instrument.

On the SGX, the fee is 2.5 USD per instrument.

Note: The full list of exchange-imposed fees can be found on EXANTE’s support center and is updated regularly. These numbers are accurate as of the time of writing.

Overnight fees

EXANTE applies overnight fees to short positions and Forex (FX) trades.

The overnight calculation is performed at 17:00 NYT on weekdays, while the weekend overnights are calculated on Wednesdays. However, the calculation is based on the balance of the previous (closed) trading day.

The overnight fees depend on the market conditions and are constantly changing, so the broker provides up-to-date overnight fees for short trades and FX in their Client’s Area.

Margin trading fees

EXANTE does not charge margin trading fees as long as the client keeps their Margin Utilization below 100%. In the event a trader does exceed 100% of the margin, EXANTE simply applies a fee equivalent to 100% per annum on the exceeded value, and it is charged daily, so traders should take care to ensure they do not exceed utilization.

However, the broker also has strict alert protocols on excess margin usage, which is a good feature for those who may be more prone to taking higher risk when trading. As soon as the Margin Utilization in an account exceeds 100%, EXANTE sends the trader a Margin Call email to notify them and serve as a warning against over-exposure, which will then allow the trader to cover the call as soon as they can. This email serves as a warning about over-exposure and requests the trader to cover the margin call as soon as possible.

If the trader does not do anything, EXANTE also has the right to reduce their positions in their account without further warning. This can be viewed as a good additional layer of protection against risk, for those who are less inclined to be responsive. However, the fee for manual execution (close out) in case of a margin call is 90 EUR/GBP.

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