FUND AND WITHDRAW

Please note: The compliance team reserves the right to request further details and documentary evidence. This means that documents not mentioned in the table above can be additionally requested to obtain the proper source of funds information.

Please note: 

1. If the origin of the Source of Funds / Wealth is UBO (Contributions from the Beneficial Owner / Shareholder), please refer to Individual Client. Supporting documents to establish the Source of Funds and Source of Wealth.
2. The Compliance team reserves the right to request further details and documentary evidence. This means that documents not mentioned in the table above can be additionally requested to obtain the proper source of funds information.

The minimum deposit requirement in order to have live access depends on the client’s account type: individual or corporate.

The minimum deposit for a basic individual account is in value of 10,000 EUR/GBP and 50,000 EUR/GBP for a corporate account. You can also deposit an equivalent amount in another available currency: USD, JPY, EUR, CHF, CZK, SEK, CAD, HKD, MXN, PLN, NOK, SGD, and AUD.

Note! The range of currencies available for deposit may vary based on account type. For additional information, please contact your Account Manager.

Once your documents are checked and approved, you can deposit any amount: there are no fixed minimum or maximum transfer limits, meaning the deposit can be transferred in parts. However, you will receive access to live trading only once you reach the minimum deposit requirement for your account.

The default deposit method is bank transfer — the safest way of transferring large sums of money. Once your documents have been verified, you will receive an email with the transfer details.

Currently, EXANTE accepts payments via transfers from any banks and payment systems. The only exceptions are:

• Financial institutions registered in restricted regions
• Cryptocurrency exchanges and wallets
• Financial institutions subject to sanctions

Please note that it may take from 1 to 5 business days for the bank to process your transfer.

• Your payment reference shall contain your account number and full name. You can add other information if it is required by your bank or local authority.
• The account can be funded only by the verified account owner — no 3rd party transfers are allowed.
• Have a look at the minimum funding requirements for corporate and individual traders.

Note! Consult your bank in advance to learn about their fees, commissions and costs borne by intermediaries. This will allow you to make the best decisions concerning the currency and bank you're depositing to. 

For additional information on funding your account, please visit your Client's Area.

Currently the default deposit/withdrawal payment method is a bank transfer (transfer details are sent to your email upon verification of your identity). Wire transfer is the safest way of transferring larger sums of money. 

EXANTE accepts payments via transfers from any banks and payment systems. The only exceptions are:

• Financial institutions registered in restricted regions
• Cryptocurrency exchanges and wallets
• Financial institutions subject to sanctions

Follow the instructions to add money to your account. 

The EXANTE trading platform allows you to trade from a single multi-currency account and  supports these currencies: EUR, USD, AUD, CAD, CHF, CZK, GBP, HKD, JPY, NOK, NZD, PLN, SEK, SGD and TRY.

The deposit currencies depend on the client's account type: 

• You can deposit in EUR, USD, GBP, CHF, AUD, CZK and PLN. The minimum deposit required for an individual account is 10,000 EUR/GBP or an equivalent in other currency.
• You may transfer any sum as the first deposit, yet you will get access to the platform’s LIVE area only when the account balance reaches 10,000 EUR/GBP.
• You can deposit the minimum initial sum required to open an account in any of the currencies above. The official exchange rate on the day will apply.
• If you add money to your account in any of the currencies, your funds will remain in the currency of choice unless you intentionally convert them or enable the 'automatic currency conversion' function.

Convert your funds on the EXANTE platform

You can convert your funds directly on the EXANTE desktop platform. There are two ways to do so: 

• Click ‘Account Summary’ on the top toolbar -> ‘Cash Balance’ -> right click on the row of the currency you wish to convert (‘Convert To’)
• Click ‘Instruments’ on the top toolbar -> choose ‘Cash’ from the groups of instruments -> place an order

You can convert existing funds to additional currencies on the EXANTE trading platform (CZK, HUF, NZD, SGD, THB, TRY, SEK, MXN, NOK or ZAR).

Hint: Watch the tutorial about how to convert currencies on the EXANTE platform. If you want to enable/disable autoconversion, please visit Settings in the Client’s Area.

Important note: If you want to fund your account in a different currency, please contact us at support@exante.eu.

The final list of available currencies depends on your account type and country of residence, among other conditions.

Having an account with EXANTE is always free — regardless of funds added and instruments used. That said, you do need to keep in mind several service fees when executing your trades:

• Withdrawal fee: The fee is 30 EUR/GBP or an equivalent amount depending on the withdrawn currency. The fee applies every time you withdraw funds from your EXANTE trading account.
• Inactivity fee: An inactivity fee of 50 EUR per month will be charged to your trading account if it has a positive balance of less than EUR 5,000, has no open positions and no active orders, and if you haven’t performed any trades for the past 90 days (3 months). The inactivity fee will be charged upon the lapse of 90 days (3 months) from the last trade transaction date. The inactivity fee applies to the entire account and not to a particular subaccount, meaning, in case of multiple subaccounts, all of them should be inactive as per the conditions above for the inactivity fee to be applied.

Please find more information on the EXANTE trading fees.

Note! Remember that some charges may arise before the money reaches your EXANTE account. These charges may be applied by an issuing intermediary and beneficiary bank that processes wire transfers. Please contact your bank if you are unclear about transfer costs.

EXANTE’s priority is to guarantee transparency and reliability for our clients worldwide. EXANTE is an FCA-regulated investment firm, meeting all associated legal requirements, protocols and policies.

EXANTE works with major UK, EU and Asian banks. When it comes to clearing, we rely on Tier 1 liquidity providers.

We also have multiple counterparties for each financial instrument to ensure flawless operations. As for commodities trading, these deals are executed directly at the corresponding exchanges.

Check out the exhaustive list of licences acquired by EXANTE. 

It usually takes from 1 to 5 business days for the banks to process your payment. 

The actual amount of time once funds arrive at the client's trading account depends on the currency of the account, the client's bank, and intermediaries. As soon as funds are received, they are reflected in the client's account immediately. 

Security transfer is a more complex procedure, therefore it may take from 1 business week to complete the security transfer request. 

The only option to withdraw funds is through a bank transfer, as it’s the most secure way to withdraw significant amounts of money. Withdrawal of funds directly to a credit card is not supported.

Funds are withdrawn directly to the holder’s account in EXANTE, from which you previously added money to your account. Exceptions are possible in the case:

• The client closed the bank account from which the funds were transferred initially (and there is documentary evidence of it).
• The bank where the EXANTE account holder performed the initial transfer was closed.
• The client confirms the need to transfer funds to another bank account belonging to him, providing the necessary documents.

You can withdraw money from your EXANTE account in a few simple steps:

1. Log into the Client’s Area.

2. Navigate to the ‘Account’ tab and select Transfers.

3. Specify the amount you’d like to withdraw or take out all of your funds. If you have any open positions, you’ll see a warning message reminding you to close them first.

4. Choose any available currency. The basic EXANTE account allows withdrawal in EUR, USD, GBP, CHF, CZK, and PLN. Multi-currency balances will automatically convert to a single withdrawal currency if you previously added money to your account in cash (not asset transfer). You can also change the currency of your funds directly on the EXANTE platform.

5. Fill out the withdrawal form and press Send withdrawal request.

6. To confirm your withdrawal request, we’ll either ask you to use two-step authentication (Google Authenticator) or send an SMS code to the contact phone number you entered. If the code is correct, a message will appear at the top of the screen.

It usually takes one business day to approve a withdrawal request. However, bank processing may take up to five business days and require additional fees, which EXANTE does not determine.

Important note! The withdrawal commission is 30 EUR/GBP or an equivalent based on the withdrawal currency. In case of insufficient funds, the commission will be deducted from the withdrawn amount.

EXANTE applies one of the two commissions for withdrawals: standard (minimum) or non-standard (maximum).

The standard (minimum) commission is 30 EUR/GBP. The non-standard (maximum) commission is either 0.9% or 30 EUR/GBP, whichever commission is higher.

Here’s an example.

1. You are withdrawing 1,000 EUR/GBP.

0.9% of 1,000 = 9 EUR/GBP, which is less than 30 EUR/GBP.

In this case, we apply the maximum commission of 30 EUR/GBP.

2. You are withdrawing 10,000 EUR/GBP.

0.9% of 10,000 = 90 EUR/GBP, which is over 30 EUR/GBP.

In this case, we apply the maximum commission of 90 EUR/GBP.

The non-standard commission is applied if BOTH parameters below are true:

• You funded the account with a securities transfer, not a cash transfer.
• You did not perform any trades, completed a few formal/nominal trades only, or traded with the sole purpose of liquidating transferred securities and withdrawing the cash.

In case you funded the account with cash and decided to withdraw the funds immediately without trading, the commission will amount to 30 EUR/GBP regardless of the sum withdrawn.

The outbound securities transfer fee is 150 EUR/GBP per ISIN.

EXANTE does not limit the amounts our clients can withdraw from their accounts in any way. There is no minimum amount for withdrawal, while the maximal amount is naturally limited by the amount of free funds currently available on the account.

Note! Do not forget about the withdrawal fee.

Usually, it takes not more than 24 hours to approve your withdrawal for execution. Afterwards, it may take 3 to 5 business days for funds to be transferred by the bank to your account.