EXT is a next-generation investment company that offers direct market access to over 50 markets and 700,000+ financial instruments. This EXT broker review will delve into the company’s offerings, focusing on its strengths, weaknesses, and overall performance in the financial market.
A Closer Look at EXT’s Services
Broad Market Coverage
EXT prides itself on its comprehensive market coverage. It provides access to a wide range of financial products, including Stocks & ETFs, Currencies, Metals, Futures, Options, Funds, and Bonds. The company’s global reach extends to numerous exchanges worldwide, from North America to Asia-Pacific.
Technological Solutions
EXT utilizes high-tech solutions to enhance trading efficiency. Its platform is fast, intuitive, and secure, allowing traders to manage their multi-currency account on any device. This technological edge gives traders an advantage in the fast-paced world of financial trading.
Transparent Terms and Competitive Prices
One of EXT’s key selling points is its commitment to transparency. The company maintains clear terms and conditions, and it strives to keep commissions low and fees minimal. This transparency is a breath of fresh air in an industry often criticized for hidden charges and complex fee structures.
Regulatory Compliance
EXT is regulated by the Cyprus Securities and Exchange Commission, ensuring it adheres to European safety and protection standards. This regulatory oversight provides an added layer of security for traders, who can rest assured that their investments are in safe hands.
The Trading Experience at EXT
Account Types
EXT offers a single standard account, which provides access to all its trading instruments. The minimum deposit amount for this account is 10,000 EUR.
Leverage
EXT offers a maximum leverage of 1:30 for retail clients, in line with EMSA regulation. Professional traders can apply for higher leverage, providing them with the potential for increased profits.
Trading Platform
EXT’s trading platform is proprietary, offering a unique trading experience tailored to the company’s offerings. The platform is user-friendly and supports ten languages, making it accessible to a global audience.
Spreads and Commissions
The company charges a commission of 0.02 USD onwards for stocks & ETFs, with spreads starting from 0.3 pips on EUR/USD.
Customer Support
EXT provides round-the-clock customer support, ensuring that traders can get assistance whenever they need it. This commitment to customer service is a significant advantage, particularly for new traders who may require guidance.
Final Thoughts
Overall, EXT offers a comprehensive trading service that caters to a wide range of traders. Its broad market coverage, advanced technology, and commitment to transparency make it a reliable choice for traders. However, the lack of clarity regarding spreads, commissions, and the minimum deposit amount may deter some potential clients.
In conclusion, EXT is a solid choice for traders seeking a wide range of financial instruments and global market access. Its regulatory compliance and commitment to customer service further enhance its appeal. However, potential clients should seek further clarification on the company’s fee structure before opening an account.
Pros and Cons of EXT Broker
Pros:
- Broad market coverage
- Advanced technological solutions
- Transparent terms and conditions
- Regulated by the Cyprus Securities and Exchange Commission
- 24/7 customer support
Cons:
- High minimum deposit
- Lack of automation in some of the platform features