Register and Open an Account with EXANTE
Complete the registration in a few simple steps:
- Sign up to open your trading account.
- Follow the instructions in the link. Please make sure you provide the correct phone number and email. If not, we won't be able to reach out to you.
- Enter your Client's area to gain access to the EXANTE Demo area and proceed with opening a Live account.
- Fill in the questionnaire indicating your trading experience and fields of interest in order to open an account that matches your current needs.
- Verify your identity by uploading the required documents for an individual or corporate account. Normally, the verification takes one business day.
- Add funds to your account as required by your account type. The minimal funding requirements depend on your account type: 10,000 EUR/GBP for individual clients and 50,000 EUR/GBP for corporate clients.
Access the live trading platform from our website or download it for any mobile or desktop device.
Difference between “Live” and “Demo” accounts
Once you register at EXANTE, you automatically open a Demo account with EXANTE. In essence, the Demo account offers virtual €1,000,000 so you can practice your trading skills and try your strategies. The Live trading account allows you to perform real-time trades and is available to you to complete the following steps in the Client’s Area:
Here’s how the two accounts differ:
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LIVE account
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DEMO account
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Documents
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List of documents required for an Individual Trader
List of documents required for a Corporate Trader
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No documents are needed to open a DEMO account. Simply sign up and set a password
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Market data
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Real-time
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Delayed by at least 30 minutes
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Minimal account funding
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Minimal initial funding depends on the type of the account opened. Basic EXANTE account requires deposit of 10,000 EUR/GBP for individuals and 50,000 EUR/GBP for corporate representatives
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Zero funding is required. DEMO account offers virtual €1,000,000 to practice your trading skills. The amount of Web currency might be adjusted via support@exante.eu.
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Monetary Profit / Loss
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Borne by the trader
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No profit/loss
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If you run out of virtual funds on your Demo account, visit the Settings page in the Client's area to create a new sub-account with default settings.
Choose between individual or corporate trader's accounts
EXANTE offers two different account types: individual and corporate accounts. There is a difference in the range of required documents, as well as in the minimal initial funding. If you want to open an individual account, the initial funding should be equal to or exceed 10,000 EUR/GBP. For corporate accounts, the minimal amount is 50,000 EUR/GBP.
Note! You can open both separate private and corporate accounts with EXANTE!
Individual Client: Document Requirements
Please provide these documents to open and verify an individual trading account:
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Document Type
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Accepted Documents
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Date Issued
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Proof of Identity
The document shall contain the following:
- Full name
- Nationality
- Date of birth
- Place of birth
- Issue and expiry date of the document
The document shall be provided in colour.
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A valid international or internal passport
- Please scan the first two pages of the passport (with all four corners of the document visible)
- Scan the signature page additionally if the signature is displayed on other pages
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If the POI document doesn't contain the date of expiry, then it is set to five years from application approval
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A valid national or another government-issued identity card
- Please scan both sides of the document
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A valid residence card
- Please scan both sides of the document
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A valid driving license
- Please scan both sides of the document
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Proof of Residence
The document has to contain the following:
- Full name (as in the Proof of Identity document)
- Address
- Document date
- Name of the service
Bills for mobile services or credit card statements do not suffice. We do not accept handwritten information (e.g. date of a bill in handwriting).
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Utility bill
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Not older than six months (except for the POI document option)
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Bank/PSP account statement or payment orders
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Correspondence from a central or local government authority, department or agency
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Any Proof of Identity document listed above, where a clear indication of residential address is provided*
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Certificate of Good Conduct
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*Please use two different documents for the confirmation of Proof of Identity and Proof of Residence. One document can not confirm both requirements.
In case of additional questions, please contact your Account Manager or write to support@exante.eu.
Corporate Client: Documents Required
In order to open a corporate account, you will need the following:
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Document Type
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Accepted Documents
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Date Issued (no earlier than)
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Proof of Registration
The document has to contain the following:
- Company name
- Registration number
- Date of registration
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Certificate of Incorporation or Registration
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Extract from the official Registrar
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| Incorporation documents
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Memorandum and Articles of Association
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Partnership Agreement
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By-Laws
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Statute
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Registered office
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Certificate of Registered Office
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6 months
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Certificate of good standing
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Extract from the official Registrar
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Another issued legal document stating the registered address
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Proof of Active Status
Only applicable if the company has been registered for more than one year
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Good Standing Certificate
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6 months
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Certificate of Incumbency
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Extract from the official Registrar
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Directors
*If Director is the Legal Entity – the full set of Corporate documents is required (i.e. Documents confirming the registration, active status, directors, shareholders, registered office and incorporation documents.)
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Certificate of Directors
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6 months
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Register of Directors
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Certificate of Incumbency
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Extract from the official Registrar
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Shareholders
*If Shareholder is the Legal Entity:
For Direct Shareholder, the full set of Corporate documents is required, i.e. Documents confirming the registration, active status, directors, shareholders, registered office and incorporation documents.
For Indirect Shareholder, Documents confirming active status, directors and shareholders.
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Certificate of Shareholders
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6 months
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Register of Members/Shareholders
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Certificate of Incumbency
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Extract from the official Registrar
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Proof Of Ultimate Beneficial Owner (UBO)
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Certificate of Shareholders
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6 months for the first three document options
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Register of Members/Shareholders
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Certificate of Incumbency
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Share Certificate (if applicable)
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Deed of trust or other Legal document confirming true UBO (if applicable)
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Power of Attorney
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Grants an authorised person/signatory rights to open, operate, withdraw and represent the company's interests with Investments Companies and/or Financial Institutions in general (not only with banks/credit unions)
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Proof of Identity (POI) and Proof of Residency (POR)
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To be obtained for:
- Directors: individual directors
- Shareholders/ Members/Ultimate Beneficial Owners (holding more than 25%)
- Authorised Signatory/Person
- Settlor
- Protector
- Trustee
Please provide documents as described for individuals in the section dedicated to individual clients.
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6 months for Proof of Residence document
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Corporate Document Certification
This requirement is not applicable to clients whose information is publicly available and can be easily verified (e.g., via the company’s registrar) as well as EU/EEA licenced Financial Institutions.
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Corporate documents are required to be certified by Director/Authorised Signatory/Notary or apostilled
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6 months
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Legal Entity Identifier (LEI)
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You may apply for the LEI from our side: please ask your Account Manager for the form.
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Shall not be expired
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Tax Identification Number (TIN)
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Tax number and tax residence of the company
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Tax number and tax residence for all controlling persons (UBOs/Shareholders)
if the company is a Passive Non-Financial Entity
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The Onboarding department may request additional documents. The information will be provided to you in the Client's Area or by the Account Manager after the initial verification of your documents.
Note! We accept only high-quality scans of documents.
If you have any questions, please contact your Account Manager or write to support@exante.eu.
Verify your documents
To open an account with EXANTE, a face-to-face meeting is not required. All you need to do is to have an internet connection and follow the registration guidelines on our website.
We can verify your account only after you:
- Create an account with EXANTE
- Fill out the opening questionnaire in Client’s area
- Agree to and sign the accompanying documents required for opening an account
- Upload and submit the documents necessary for an individual or corporate trader in Client’s area
If the provided documents are valid and correct, it usually takes one business day to verify documents and approve the account. If any additional documents are required, the information will appear in your Client’s area, guiding you through further steps.
Once your account is approved, you can deposit the funds required for your account type. After completing these two steps, you will obtain full access to the EXANTE trading platform.
Restrictions on opening a trading account
Currently, we work with clients from all over the world except for the USA (citizens and residents), Japan, Iran and the Democratic People's Republic of Korea (DPRK). Enhanced Due Diligence is required for clients from Afghanistan, Bosnia and Herzegovina, Ethiopia, Iraq, Lao PDR, Syria, Uganda, Vanuatu, and Yemen. Keep in mind that the list is constantly changing.
See the following link for updates.
Asset management
EXANTE provides an opportunity for both authorized and unauthorized traders to trade on the accounts of their clients.
Who is an authorized trader?
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Licensed Asset Management Firm
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Unlicensed Asset Manager / Individual
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Overview
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A company that is regulated, licensed, authorized to manage underlying client's money in their investment accounts.
Licensed Asset Management Firm can manage unlimited number of accounts.
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Person with knowledge and experience in financial markets) but does not hold a license or holds a license which does not regulate full asset management.
An Individual or a Company without a specific license/authorization can manage up to 10 accounts.
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Example
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An Asset Management Firm authorized and regulated by the FCA in the UK.
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An Individual offering advisory services to “Friends and Family”, or a Company with no relevant certification or a certification to act as an investment adviser or similar services (example: BVI, Panama).
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Want to learn more? Feel free to contact your account manager!
Joint accounts
EXANTE clients have the opportunity to use joint accounts, namely, one account overseeing multiple individual accounts that have completed the KYC examination. In order to open a joint account, follow these steps:
- Create an Individual Account for each user of the Joint Account. All Joint Account users must pass the compliance test.
- Create a Joint Account under a new email address, the Joint Account should contain names of all individual clients who will sign the Joint Account Agreement.
- Client or the Account Manager should upload POI (proof of identity) and POR (proof of residency) documents of all individual clients participating in the Joint Account
- Client or the Account manager should upload a signed Joint Account agreement, to their profile
In order to fund your joint account
Scenario 1. Fund one of the individual accounts → request a transfer to the joint account by filling and submitting a form provided by the Account Manager.
Scenario 2. Fund your joint account directly from one of the Joint Account users' accounts.
What are the restrictions for opening a joint account?
- One person cannot sign more than one Joint Account Agreement under one Legal Entity
- Service is available only for individual accounts
- Maximum 4 Individual clients can participate in a single Joint Account
Islamic accounts
Unfortunately, we currently do not offer Islamic (swap-free) accounts.
Close a trading account
Closing a LIVE account
Follow these simple steps to close your trading account:
1. Close all open positions by clicking on Open Positions in the top toolbar, pressing Close Position, the red cross next to the position you wish to close or Cancel and Close All.
Note! Your position can't be closed this way if it exceeds 100K. Please place an order as described below:
You can alternatively use modules Order and Click Trade to close the existing positions.
2. Make sure you converted the currencies available on your account so that the account is free of any negative cash positions.
3. Submit a withdrawal request for any remaining funds.
4. Contact your Account Manager or our Support Team to request an account closure.
If you'd like to transfer your open positions to an account at some other institution, please contact your Account Manager for assistance.
Closing a DEMO account
If you want to close the DEMO account, use the Settings section in your Client's area.
- Click Settings from the top toolbar.
- Find the Owner Details window.
- Click on the Edit button.
- Choose Delete account in the menu.
Also, please get in touch with the Support Team and let us know how we can improve your user experience.
