Exante is a well-established broker that offers a comprehensive multi-currency and multi-asset solution, providing direct access to a diverse range of financial instruments. Founded in 2011 by Alexey Kirienko, Gatis Eglitis, and Anatoly Knyazev, Exante is licensed by regulatory bodies such as CySEC (Cyprus), FCA (UK), and SFC (Hong Kong). The platform offers instant access to more than 50 financial markets across the US, Europe, Asia, and Australia. Exante’s clients benefit from a range of services, including manual trading of OTC bonds and exotics, shorting, cross margining, margin trading, and access to over 600,000 instruments from a single account. Exante offers a variety of financial instruments, including stocks, bonds, ETFs, options, futures, metals, and currencies, all accessible from a single account.
In this Exante broker review, information about trading options on Exante’s platform will be covered!
What are Options?
Options are a type of financial instrument that provides the holder the right to buy and sell underlying assets at a specified price (known as the strike price) on or before a specific date (known as the expiration date). The underlying asset can be a commodity, stock, currencies, or any other asset of your choice. Options are classified into two types: put options and call options. A put option provides the holder the right to sell the underlying asset at the target price, whereas a call option provides the holder the right to buy the asset at the target price.
How to start trading Options on Exante’s trading platform?
Step 1: Open an Account
To begin trading on Exante’s platform, the first step is to create an account. This process is simple and can be done online. You’ll need to provide basic personal information, such as your name, address, and contact details, as well as identification documents. Once your account is approved, you can move on to funding it.
Step 2: Fund Your Account
Before trading, it’s crucial to fund your account and provide the necessary regulatory documents. Exante offers various funding options, including bank transfers, credit/debit cards, and e-wallets. The minimum deposit required depends on your account type, with a minimum of $10,000 for individuals and $50,000 for corporate accounts.
Step 3: Choose Your Options
After funding your account, you can begin trading options on Exante’s platform. The platform offers direct access to a diverse range of options markets, and traders can use its advanced search tools to locate specific options based on the underlying asset, strike price, expiration date, and other criteria. Additionally, traders can compare different options to identify the most promising investment opportunities.
Step 4: Place Your Order
When you’ve found the option you want to trade, you can place your trade. Exante operates on a commission-based fee structure, with commission rates determined by the financial instrument used and the volume of trading on the account. Traders must also consider the margin requirements for their trades, which vary based on the financial instrument used.
Step 5: Monitor Your Trades
After placing a trade, it’s important to monitor it closely to ensure that it’s performing as planned. Exante’s platform provides real-time market data and news, giving traders access to the latest information that can inform their trading decisions. This data includes real-time price updates, market trends, and other relevant information that can affect the performance of a trade.
In addition to real-time data, Exante’s platform also allows traders to set up custom alerts. These alerts can notify traders when their trades reach certain price levels or other criteria. By closely monitoring trades and using real-time data and alerts, traders can make informed decisions and adjust their strategies as needed. This can help them to maximize profits and minimize losses, ultimately leading to a more successful trading experience on Exante’s platform.
Benefits of Trading Options on Exante’s Platform
Trading options on Exante’s platform has several benefits, including:
- Direct access to a wide range of options markets from one multi-currency account
- User-friendly platform with advanced search and comparison tools to get the best out of your trading account
- Portfolio diversification
- Transparent commission-based fee structure
- Real-time market data and news
- Low-risk investment option
Conclusion
If you’re looking to diversify your investment portfolio and manage risk, trading options on Exante’s platform can be an effective strategy. Exante offers direct access to a diverse range of options markets, which can help you to spread your investments across different asset classes and regions. This can help to minimize risk and protect your investments against market volatility. One of the benefits of trading on Exante’s platform is its ease of use. The platform is designed with advanced search and comparison tools that can help you to quickly and easily find the options that best meet your investment goals.