An Overview of Exante’s Security and Regulations

Finding a new reputable and trustworthy broker can be a time-consuming experience. After all, you are trusting them with your funds and assets. So, it makes sense you need to do thorough research before committing to a particular firm. One thing you definitely need to keep in mind is how secure they are, and whether the firm is regulated and licensed. Exante is an example of a reputable trading firm that you can work with. In this Exante review, we take a look at its licenses and regulations, safety features, and how secure it is. Keep reading below to learn more about this topic. 

Exante’s background

Exante is a multi-licensed investment company that provides its clients with direct market access to over 600,000 financial instruments in more than 50 markets through a single multi-asset trading account. The platform typically services professional traders, investors, brokers, asset managers, banks, and other financial institutions. Established in 2011, the firm has over a decade of experience in providing bespoke financial services and customer support to its clients. 

Exante’s licenses and regulations

Traders will be pleased to know that Exante is highly regulated in all the regions that it is based in. In Hong Kong, this means being licensed by the Securities and Futures Commission, whereas, in the UK, Exante is authorised and regulated by the Financial Conduct Authority. In Malta, Exante is licensed by the Malta Financial Services Authority and authorised by the Financial Conduct Authority. This means the trading firm is allowed to provide financial services to corporate and retail clients. This includes both trading and investment purposes. In Cyprus, Exante is licensed by the Cyprus Securities and Exchange Commission. It is also subject to MiFID II requirements due to being an EU-based brokerage firm. 

Two-factor authentication

One way Exante keeps its client’s data and assets safe is by using Two-Factor Authentication. When logging in, the user’s account access is provided via a username and password combination, in conjunction with a randomly generated code. This ensures the safeguard is two-fold. It also helps to substantially mitigate the potential risk of online hackers accessing any information. 

When accessing the Client’s Area and trading platform, Exante supports the following types of verification: a code received via SMS, email, or a designated one-time code (for Google Authenticator). 

Secure funds

Exante’s number one priority is to guarantee reliability and transparency for its clients worldwide. As an EU-based investment firm, Exante must comply with the MiFID II Directive. This means meeting all the associated legal requirements, protocols, and policies. For those not in the know, the MiFID II helps to regulate financial markets in the EU and improve protection for investors. It covers nearly every profession and asset within the EU financial service industry and regulated off-exchange and over-the-counter (OTC) trading. Its aim is to ultimately standardise practices across eh EU and restore confidence in the industry. 

Exante also works with major European banks. When it comes to clearing, they only rely on Tier 1 liquidity providers. The investment firm also has multiple counterparties for each financial instrument to ensure flawless operations. For commodities trading, the deals are executed directly at the corresponding exchanges. The trading company also employs segregated accounts to ensure maximum asset protection and risk mitigation. 

Storing and sharing of data

As a financial institution, Exante is obligated under the Anti-Money Laundering and Counter-Terrorism Financing regulations to retain all information about its clients and their transactions for a period of six years. That said, investors can request Exante’s support to erase their data after the termination of the holding period required by the regulators. 

Additionally, to provide the most secure and transparent services to Exante’s clients, the brokerage firm stores all personal data on Exante’s internal servers, and they do not share it with any other third parties. This is due to the company’s policies and procedures aiming to protect the security and confidentiality of their client’s information, including non-public personal information. 

According to Exante’s official website, their trading platform does not use any third-party solutions. Additionally, they comply with the General Data Protection Regulation (GDPR). This regulation sets a new standard for consumer rights regarding their data and also outlines certain obligations organisations must follow, which limits how personal data can be used. It is the strongest global privacy law in effect today and unifies privacy laws across the EU. 

How do you find the article?

View Results

Loading ... Loading ...