EXANTE Fees Review: From Commissions to Overnight Financing Rates

EXANTE Fees Review: From Commissions to Overnight Financing Rates

In this article, we will first discuss the importance of knowing what the fees are when trading, and why brokers charge fees in the first place. We will then move on to a review of EXANTE broker’s fee structure and charges, so that potential clients can have a clear understanding of what they are signing up for. If you are interested in learning more about EXANTE’s products offering, trading platform, and account tiers, you can read other EXANTE reviews for this information.

The importance of being mindful of fees when trading

Many brokerages charge fees when trading, and these fees often come in the form of overnight financing charges or commissions. These fees are charged for trade execution and the safekeeping of funds, as well as for the holding of positions in financial markets when they have closed. While many brokers list out these fees on their websites and trading platforms, newer traders or beginners may not find it intuitive to read and understand all the fees before they begin trading. After all, many users tend to focus on reading trading strategy guides first to see how they would make a profit.

Nevertheless, there is huge importance of being mindful of fees when trading. Fees can be a sign of a broker’s reliability and integrity. For example, traders that charge hidden fees are a big red flag, and traders should certainly stay away from these institutions. Fees charged by brokers can also eat into your profits or deepen your losses. For example, when a trader works with a broker that charges high fees, they will need to make a higher profit to break even to earn a higher net profit. Therefore, a broker’s fees can have a strong influence on your investment journey and your level of success.

EXANTE fees review

Now, let’slook at the various fees and charges you may incur when trading with EXANTE. Remember that it is normal for brokers to charge a commission or a fee for trade execution. After all, they are providing clients with access to global markets, their trading platform, and they are licensed to do so.

FX spreads and bond rates

EXANTE has competitive spreads and bond rates on their currency pairs and bonds. FX spreads begin from 0.3, and bond rates from 9bps. These competitive spreads may vary depending on the currency pair being traded and the size of the trade. They may also depend on whether the trader is using an individual live account or a corporate live account to make the trades.

Funding fees

In addition, it is important that traders keep in mind that EXANTE is not responsible for the fees that may be incurred by banks and e-Wallets during account funding. Traders should make sure that they factor in fund transfer fees charged by their banks in their overall trading strategy.

Overnight financing

For traders who intend on keeping their positions open overnight, they may be charged overnight financing rates depending on the instrument traded and the period a position is held open. There are overnight fees for short positions and long and short positions on FX. The actual fee itself will depend on various factors, including market conditions, volatility, and the size of the trade. Traders are advised to look up the most current overnight fees to their short positions and FX trades, which they can find in their Client’s Area once they become a registered client with EXANTE and has funded their live account.

In addition to having overnight financing rates on FX and short positions, there may also be different rates depending on the day the position is opened or held. For example, traders may be subject to a triple fee from Wednesday to Thursday night for the weekend. Traders who do not wish to incur this fee should be aware of when they enter and exit positions that they intend to hold open over the weekend when most markets are closed to retail traders.

There may also be fees charged for entering and exiting cryptocurrency positions. On top of this, there may be safekeeping fees. Traders should ensure they understand these fees and are able to calculate the exact rates before they determine if they want to make a trade, so that they can better predict their potential profit and losses.

There are no overnight financing fees charged for long positions on other instruments outside of FX and cryptocurrency trading.

Commissions and interest rates

EXANTE charges commissions on trades executed, and this varies, depending on the financial instrument traded, the size of the trade, and the account tier of the trader. Therefore, the most accurate way to obtain information on how much commission you will have to pay should be calculated after you have decided on an instrument to trade and a trade size.

The broker has a transparent interest structure, and negative balance is subject to interest rates. Again, the exact interest rate charged depends on the currency of the negative balance. For traders that are concerned about this, they can find more information in the Client’s Area.

Other fees

Finally, EXANTE may charge a 90 EUR one-off fee for trading any financial instrument on the platform via EXANTE Trade Desk. This fee also applies to ordering custom-made special reports or documents than those available in the Client’s Area, such as market reports and analysis.

Candice Cearley

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