Overview of EXT
EXT LTD, established in 2019 and registered in Cyprus, is regulated by CySEC (registration number 165/12) and falls under ESMA regulation. It is part of the Exante international group, which has multiple offices across Europe and Asia and is authorized by the Malta Financial Services Authority (MFSA).
EXT offers access to over a million financial instruments, including stocks, ETFs, bonds, futures, options, metals, and currencies. It provides a comprehensive trading solution with a focus on technology and global market access.
Regulatory Status
EXT LTD is regulated by CySEC, a reputable European financial authority, and falls under ESMA regulations. Furthermore, its affiliation with Exante, authorized by the MFSA, introduces an additional layer of regulatory oversight.
Pros and Cons
EXT boasts a comprehensive suite of trading instruments, encompassing stocks, ETFs, bonds, futures, options, metals, and currencies. Traders gain access to a diverse selection of markets, with over 30 financial markets and 15 global futures markets available. Furthermore, the broker operates under the regulatory oversight of CySEC and adheres to ESMA regulations, providing an additional layer of security and confidence for its clients.
However, the lack of detailed information regarding account types and leverage on their website could be a significant drawback for those seeking transparency and specific details tailored to their trading needs. Additionally, the presence of withdrawal fees and limited customer support options might be perceived as inconveniences. EXT's limited educational resources may not satisfy traders seeking diverse learning materials.
Market Instruments
EXT provides access to a vast array of financial instruments across various asset classes:
Stocks & ETFs: EXT's trading platform provides access to a wide array of stocks and ETFs, spanning over 30 global financial markets. Over 40,000 investment opportunities cater to both experienced traders and those new to the market. The platform equips users with the necessary tools and resources to make informed trading decisions.
Metals: Clients can invest in precious metals like platinum, gold and silver. Metals are an expensive and difficult-to-extract commodity and equally valued by industrial players and investors.
Options: EXT provides trade options on various underlying assets. Customer can find, analyze, trade options in a convenient online trading platform that features numerous powerful tools.
Futures: Clients can trade futures contracts from over 15 global markets Over 500 futures varieties from commodities to bonds on markets like CME, NYMEX or EUREX.
Funds: Hundreds of funds are available to traders with EXT's Hedge Fund Marketplace.
Account Types
EXT offers both demo and live trading accounts for individuals and corporate clients. However, specific details about the features and conditions of each account type are not readily available on their website.
Account Opening Process
Opening an account with EXT is a straightforward process that can be completed in a few simple steps:
Get Started: Click on the “Get Started” button on the EXT website.
Choose Account Type: Select between an individual or corporate account.
Fill in Information: Provide your name, email, phone number, and other required details.
Submit: Click the submit button to send your application.
Fund Your Account: Deposit the minimum required amount (10,000 EUR for individuals, 50,000 EUR for corporate).
Start Trading: Access the platform and begin trading once your account is funded and verified.
Leverage
EXT claims to provide 100% reliable trading with responsible leverage for a safe forex experience. However, the broker does not provide specific leverage ratios for different instruments on its website. Traders should contact EXT directly for detailed information regarding leverage.
Trading Fees
EXT does not charge account maintenance fees. Commissions apply only for trading and withdrawals. The broker provides minimum rates for major exchanges, including:
Withdrawal fees are also applicable at €30 per withdrawal.
Trading Platform
EXT offers a proprietary trading platform accessible on various devices, including web, desktop (Windows, macOS, Linux), and mobile (iOS, Android). The platform utilizes the latest technology trends and boasts a network of over 1,100 servers worldwide for low latency and secure data transfers.
Deposit and Withdrawal
EXT supports bank transfers for deposits, with a minimum deposit of €10,000 for individuals and €50,000 for corporate accounts. Withdrawals are processed within one day and typically take 3-5 banking days to reach the client's account. Supported currencies include EUR, USD, and GBP. A withdrawal fee of €30 applies.
Customer Support Options
EXT offers 24/7 customer support via phone (+357 2534 2627) and email (info@ext.com.cy).
Educational Resources
EXT provides a FAQ section and a document center on its website, which may contain educational materials and resources for traders. However, no other specific educational offerings are mentioned.
Conclusion
EXT, regulated by CySEC and part of the Exante group, offers a wide range of trading instruments and a technologically advanced trading platform. However, the lack of transparency regarding account types and leverage, combined with the absence of detailed educational resources, may deter some traders.
Overall, EXT could be suitable for experienced traders seeking diverse markets and a robust platform, but its lack of transparency and limited educational resources may not appeal to beginners.
FAQs
Q: Is EXT a regulated broker？
A: Yes, EXT LTD is regulated by CySEC (registration number 165/12) and falls under ESMA regulation. It is also part of the Exante group, which is authorized by the MFSA.
Q: What is the minimum deposit required to open an account with EXT？
A: The minimum deposit is €10,000 for individual accounts and €50,000 for corporate accounts.
Q: What trading platforms does EXT offer？
A: EXT offers a proprietary trading platform accessible on web, desktop, and mobile devices.
Q: Does EXT charge any fees？
A: EXT does not charge account maintenance fees. Commissions apply for trading and withdrawals. The broker also charges a withdrawal fee of €30.
Q: What educational resources does EXT offer？
A: EXT provides a document center on its website, which may contain educational materials. However, no other specific educational offerings are mentioned.
2023-03-10 18:35
