Detailed EXT Review
| ๐ฆ Broker | EXT LTD. |
| ๐งพ Licenัe | CySEC No.: 165/12. |
| ๐ Website | ext.com.cy. |
| ๐ฐ Minimum deposit | 10 000 EUR |
| ๐ฎ Regulator | MFSA, CySEC, MiFID |
| ๐ผ CEO | Alexey Kirienko , Anatoliy Knyazev , Gatis Eglitis |
| ๐ Year of foundation | 2011 |
| ๐ฑ Financial instruments | 150 000+ |
Overall company rating
-
Reliability
-
Platform
-
Commissions
-
Support
-
Financial instruments
Quick overview:
EXT Broker offers a wide range of services and financial products. Here's a quick rundown:
Financial instruments:
- Stocks & ETFs - A wide variety of stocks and ETFs are available for trading.
- Currencies - You can trade in various currency pairs.
- Metals - Trading in precious metals like gold and silver is also available
- Futures - You can trade in futures contracts.
- Options - Options trading is another service offered by EXT.
- Funds - The broker also provides access to various funds.
- Bonds - You can invest in both government and corporate bonds.
Broker EXT allows you to work on the world's major markets with high-speed order execution.
Pros
- Global Market Access: EXT provides access to numerous global markets, allowing traders to diversify their portfolios.
- Competitive Prices: The broker focuses on providing comprehensive market coverage at competitive prices.
- Transparent Terms and Conditions: EXT maintains clear and transparent terms and conditions, which is a plus for traders who value transparency.
- Regulated: The broker is regulated by the Cyprus Securities and Exchange Commission, ensuring European safety and protection standards.
Cons
- Undisclosed Minimum Deposit: EXT only offers a single standard account, but the minimum deposit amount for this account is undisclosed.
- Limited Leverage for Retail Clients: The maximum leverage for retail clients is up to 1:30, which might be limiting for some traders.
Full Review
EXT BROKERAGE
Minimum deposit
โฌ10 000
A minimum deposit of EUR 10,000 is required to open a brokerage account.
Withdrawal fee
โฌ30
Regardless of withdrawal amount
EXT offers trading on its own platform, which is fast, intuitive, and secure. The platform is available on various devices, allowing traders to execute trades anytime, anywhere. However, the broker does not clearly present its spreads on its website, which could be a potential drawback for some traders.
Customer Support
EXT provides robust customer support, with a dedicated team ready to assist traders with their queries and concerns. The company can be reached via telephone, fax, or email.
The overnight fee is not fixed and will be charged on FX and short positions. Rollover fee is charged for overnight positions daily at 4 o'clock GMT for the previous night.
Final Thoughts
Overall, EXT Broker seems to be a reliable and competitive broker in the financial market. It offers a wide range of financial products and services, and its platform is user-friendly and secure. However, the broker could improve its transparency by clearly stating its spreads and minimum deposit amount on its website.
Remember, investing in financial instruments involves a high level of risk. Always do your due diligence and understand the risks involved before opening an account to trade. The income you may get from online investing may go down as well as up.
EXT Broker offers a comprehensive trading experience with a wide range of financial products. Its platform is user-friendly and secure, making it a viable option for both novice and experienced traders. However, the broker could improve its transparency by clearly stating its spreads and minimum deposit amount on its website.
Rating methodology
EXT's overall rating is a weighted average of several broker experience, commissions, platform, and company reliability. Factors we consider, depending on the category, include:
- Fees and charges
- Technical support
- Account features and limitations
- User-centric technology
- Customer service and innovation.
Stars represent ratings ranging from poor (one star) to excellent (five stars). Ratings are rounded to the nearest tenth.