What can you do with Exante’s web trading platform?

Established in 2011, Exante is an EU-based investment firm that was founded by Anatoly Knyazev Exante, Alexey Kirienko, and GatisEglitis. The broker offers clients direct market access to over 600,000 financial instruments through a single multi-currency and multi-asset account. The trading platform also provides instant access to over 50 financial markets and is designed to service professionals, though novices and beginners can still use Exante’s trading platforms.

Exante has two types of trading platforms that are nearly identical to one another. The first is their downloading platform, available for both desktop and mobile. The second, which we will discuss in this review, is their web trading platform.

How to register for Exante’s web trading platform

To get started with using Exante’s live web trading platform, you must first register an account with Exante. You do this by first choosing whether you want to open an individual or corporate trading account. This will determine the type of information you must provide. When you first register an account, you have to provide your name, email, mobile phone, and for a corporate account – your company name. Afterwards, Exante will reach out to you, and you will be able to gain access to your Client Area.

While you now have access to your demo account, in order togain access to a live account, there are a few more steps to go through. The first is filling in a questionnaire indicating your trading experience and fields of interest. This is to let Exante open an account that suits your current trading needs. You also need to verify your identity by uploading the required documents for your account type. A trader will further need to add a minimum deposit before being able to start trading live.

To get started with Exante’s web trading platform, you just need to enter the Client’s Area and go to Trading > Web platform. Then, a trader can either start trading from their account instantly in a Live environment, or they can continue practising their trading strategies in demo mode.

Features in Exante’s web trading platform

Exante’s web trading platform provides traders with a convenient and speedy way to trade directly in their web browser. This means they have direct market access anytime, no matter where they go, so long as they have internet access. This means that traders no longer need to spend time manually installing a program to get trading, they only need to open up Exante’s terminal in their browser. This can either be Chrome, Safari, Firefox, or Opera, making Exante’s web trading platform an incredibly flexible option compared to their downloadable alternative.

Instruments

The instruments tab in Exante’s web trading platform contains all the financial instruments that are available for traders to take advantage of. They are all grouped by type and sorted in alphabetical order. The only thing you need to do is start typing in an instrument’s name or ticker in the search bar to narrow down the list and find the one you want. Or you can either navigate further to expand the nodes of the Instruments tree. Some of the instruments that you can choose from include the Milan Stock Exchange, American Airlines Group, AAON, Apple, Atlantic American and more.

When clicking on an instrument, traders can switch it in the Time & Sales, Order, Market Depth, and Chart panels on the web platform. To add the instruments to the Quote Monitor, you only need to drag and drop it, making it incredibly intuitive.

That said, options are not visible in the Instruments tree by default. Instead, traders must customise their settings to be able to see them. This can be done by going to Settings and flipping the toggle that says Show Options. However, the loading process may take up to several minutes depending on your internet connection speed. You will know when the tree is updating because there is a visible progress bar right about the search field.

Charts

Exante’s web platform allows traders to visualise their financial data through the use of its Chart. It can be personalised by aggregating using different time intervals, adding drawings or indicators, or even choosing the chart style that best suits your trading style or preferences.

One thing that makes Exante’s web platform unique is its collaborative capabilities. If a trader wishes to show their Chart to a friend, they can create a shareable link right from the address bar. This link showcases not only the instrument you have chosen but also the timeframe as well. Traders can select their desired timeframe. This can range from 1, 5, 10, or 15 minutes; 1, 4, or 6 hours; 1 day; 1 week or even 1 month.

If a trader’s friend is not registered with Exante yet, then this can still be done. However, instead of sharing a live link, you will be sharing a link to a Demo Chart instead. Both platforms’charts are nearly identical, except for the fact that the quotes in the Demo are delayed for at least 30 minutes.

Quote Monitor

Much as its name suggests, this feature provides traders with real-time data quote streams. It allows them to drag and drop up to 100 financial instruments to the Monitor in order to keep track of their dynamics in real-time. Quote Monitor also collects a variety of information on a trading session. This includes data on the instrument name and description, the bid/ask/mid prices and bid/ask sizes, the last quote update time, the price changes in absolute and percentage terms, and quote feed status. Traders can also customise their Quote Monitor by clicking on the gear sign at the top of the panel to pick what columns they wish to see. This allows them to not be overwhelmed with a huge amount of information when trading.

Market Depth

Market Depth refers to the name of a module that provides a list of active limit orders that are grouped by trading side and arranged by price. The rows in the Market Depth panel are colour-coded, meaning traders can visualise the histogram by its total size. It helps to sum up the total size starting from the best bid and ask price. Market Depth also allows tradersto analyse the market conditions by discovering support/resistance zones and price levels.

According to Exante, they do not aggregate data from multiple exchanges in a single view. This, therefore, lets traders compare trading situations on different exchanges.

Time and Sales

This panel displays trade data for a chosen instrument at a specific exchange. Every line represents tick-by-tick data provided by the exchange in real time. This data includes the trade timestamp, average price, and total size. The most recent trades are always at the top of the list, while the others are arranged by time in descending order.

 

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