XHK Ltd. is an authorized and regulated investment company in Hong Kong. The company offers the EXANTE trading platform to its clients, providing them with over a million financial instruments. The platform also offers direct market access and a single, multi-currency account.
In this XHK broker review, we look at the EXANTE trading platform’s features, fees, pros and cons, and range of trading instruments.
About XHK
XHK is regulated by the Hong Kong Securities and Futures Commission (SFC) and operates within strict regulations, prioritizing the safety of clients’ assets. It offers the EXANTE trading platform to its clients, giving them direct market access to over 50 global markets.
EXANTE is a trademark owned by XNT Ltd, which has granted XHK LTD the use of the trademark. The platform is available to users in over 100 countries via desktop, web, and mobile.
XHK Ltd, through the EXANTE trading platform, typically serves clients such as wealth managers, banks, and private investors. The company ensures compliance with both GDPR and Personal Data (Privacy) Ordinance (PDPO) regulations to safeguard client information and prevent the misuse of data.
EXANTE trading platform
Clients have the option of opening a demo account on the EXANTE trading platform, with 1,000,000 EUR in virtual currency, to practice their trading skills before opening a live account. Keep in mind that the minimum opening deposit for individual accounts is 10,000 EUR. For corporate accounts, the minimum opening deposit is 50,000 EUR.
Let’s look at the EXANTE trading platform’s features, including its trading instruments, platform availability, as well as fees and commissions.
Trading instruments
With over 40,000 stocks and ETFs available on the platform, traders have broad market exposure and the ability to diversify their portfolios. There are also thousands of bonds available on the platform, with straightforward fees starting from 9bps and a 0.3% custody fee per annum.
For traders interested in investment funds, like mutual funds and hedge funds, the EXANTE trading platform allows them to strategically manage risks and allocate assets, which is ideally suited for traders who want to diversify their portfolios and have a hands-off approach.
Traders can enjoy hundreds of thousands of options on stocks, futures, and interest rates, and the trading platform allows for a wide range of option strategies. Traders can benefit from these strategies to capitalize on movements in the markets.
The EXANTE trading platform gives traders access to financial instruments and commodities, to leverage futures contracts. With over 500 types of futures contracts available, and access to global markets like Eurex, HKEX, and LSE, traders can enjoy fast execution times and real-time prices.
Fees and commissions
EXANTE only charges fees on actual trades and has a very transparent fee structure. Fees for stocks and ETFs vary by exchange, which starts at 0.02 USD for US exchanges and ranges between 0.02% to 0.18% for European exchanges.
There are no margin trading fees, as long the margin utilization is below 100%. There are also no account management fees.
Other fees that may apply include a 90 EUR fee for phone orders and an annual 0.3% custody fee for bonds. For shorting stocks, there’s a fee of around 12% of the transaction, on an annual basis.
These fees are accurate as of 2024. The latest XHK broker fee schedule is available here.
Web platform
There are plenty of customization options available on the web platform and it allows for fast trades. It’s also ideal for traders who don’t want to download and install software.
EXANTE’s web trading platform has a user-friendly interface and relies on a network of over 1,100 servers worldwide. This ensures safe data transfers and low latencies to execute trades fast.
The only drawback worth mentioning is that the platform currently doesn’t support custom third-party indicators, which might be slightly limiting for advanced traders.
Mobile platform
The mobile trading platform of EXANTE is available to users on Android and iOS. It has many of the same features as the desktop platform, including a range of trading tools with a sleek user interface.
It offers traders the ability to look at real-time market data, execute trades with a few clicks, and manage their portfolios. The app is straightforward to use and offers modules like the Basket Trader and the Bond Screener.
Desktop platform
The desktop platform of EXANTE gives traders a comprehensive trading experience, with a wide range of charting tools, modules, and customization options. There’s a wide range of technical indicators available, and with its modular design, traders can customize the platform to their needs.
The desktop version allows for fast execution times, quick search functionality, the ability to drag and drop features, and save multiple workspace layouts.
It has many popular modules, including the Basket Trader, Click-Trade, and Bond Screener. The latter allows traders to easily find bonds and filter them according to multiple parameters. Traders can search bonds based on their ticker (name), description, or ISIN, and screen up to 300 bonds at a time.
The EXANTE desktop platform places a high emphasis on security, and as such, uses secure login processes and advanced encryption protocols to safeguard user data.
Conclusion
As a global trading platform serving traders in over a hundred countries, EXANTE offers a wide range of financial instruments and is ideal for advanced traders. Even with a high initial opening deposit and some lack of automation, EXANTE stands out as a trusted trading platform with clients that include wealth managers, banks, and professional investors.
DISCLAIMER:
This article is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. While every effort has been made to verify the accuracy of this information, neither XHK Ltd. nor EXANTE can accept any responsibility or liability for reliance by any person on this publication or any of the information, opinions, or conclusions contained in this publication. The findings and views expressed in this publication do not necessarily reflect the views of EXANTE. Any action taken upon the information contained in this publication is strictly at your own risk. EXANTE will not be liable for any loss or damage in connection with this publication.