EXT

EXT
WikiStock Rating	⭐⭐⭐⭐
Account Minimum	Not Mentioned
Fees (Stock & ETFs)	$0.02/share, minimum $1
Account Fee	€50/month if no trades for 6 months, no open positions, or balance under €5,000
Margin Trading Fee	No fees, just keep utilisation below 100%
Mutual Funds Offered	No
App/Platform	EXT Mobile App

What is EXT？

　　EXT is a financial institution operating under the regulatory oversight of the Cyprus Securities and Exchange Commission, offering a variety of financial products such as Stocks & ETFs, Metals, Options, Currencies, Futures, Funds, and Bonds.

　　The company provides an all-in-one account option and a demo account for potential traders, along with a transparent fee structure outlined in their Cost and Charges disclosure document. EXT also offers a mobile trading platform, HTTP API, and FIX API for algorithmic traders, as well as comprehensive customer support through various channels.

Pros & Cons of EXT

• 　　Transparent fee structure: EXT is praised for its clear and transparent fee policy, allowing traders to understand and calculate their trading costs accurately.

• 　　Diverse range of financial instruments: EXT provides access to a wide array of financial instruments including Stocks & ETFs, Metals, Options, Currencies, Futures, Funds, and Bonds.

• 　　HTTP API for developing customized financial apps: Traders and developers can leverage EXT's HTTP API to create tailored financial applications such as bots, advisors for option strategies, and mobile apps for market analysis.

• 　　FIX API for algorithmic trading automation: EXT's FIX API supports algorithmic traders by enabling automated data transfer, quote retrieval, and full-scale trading automation based on predefined algorithms and strategies.

Cons

• 　　Learning curve for traders new to algorithmic trading and APIs: Traders new to algorithmic trading concepts or API integration may experience a learning curve when using EXT's FIX API or developing custom applications via the HTTP API.

Is EXT Safe？

• 　　Regulatory Sight: EXT operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (No.165/12), holding a CyprusSecurities Trading License. This regulatory authority ensures that financial institutions comply with relevant laws and regulations to protect investors and maintain market integrity.

• 　　User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• 　　Security Measures: So far we haven't found any information about the security measures for this broker.

What are Securities to Trade with EXT？

　　EXT provides a range of financial products that encompass Stocks & ETFs, Metals, Options, Currencies, Futures, Funds, and Bonds.

　　Stocks & ETFs allow investors to trade shares in companies or funds that track specific indices or sectors.

　　Metals, such as gold and silver, serve as alternative investment assets known for their hedging properties.

　　Options provide flexibility in trading strategies by offering the right to buy or sell an asset at a predetermined price.

　　Currencies enable trading in foreign exchange pairs, while Futures contracts involve agreements to buy or sell assets at a future date at a predetermined price.

　　Funds and Bonds offer investment opportunities in collective pools of assets or fixed-income securities, respectively.



EXT Accounts

　　EXT offers an all-in-one account option along with a demo account for potential traders.

　　The All-in-one account is designed to provide a comprehensive platform for managing various trading activities, consolidating different types of financial instruments and trading options into a single account.

　　Additionally, the availability of a demo account allows new users to practice trading strategies and familiarize themselves with the EXT platform without risking real funds.



EXT Fees Review

　　EXT provides traders with a clear fee structure through its Cost and Charges disclosure document. This document transparently outlines the costs associated with trading on the EXT platform, ensuring that traders have access to detailed information regarding fees applicable to their transactions. Here are some of the major charges.

Stock & ETFs	Fees
American Stock Exchange (NYSE AMEX)/Archipelago Exchange (NYSE ARCA)/BATS Global Markets (BATS)	$0.02/share, minimum $1
Athens Stock Exchange (ASE)	0.32% of the transaction value, min €1
Australian Securities Exchange (ASX)	0.12% of the transaction value, minimum A$6
...



Rates & Commision	Fees
Overnight Rates	Applicable to short positions and FX, free for other instruments
Inactivity Fee	€50/month if no trades for 6 months, no open positions, or balance under €5,000
Margin Trading	No fees, just keep utilisation below 100%
Short Position	Default rate of 12% for easy-to-borrow stocks
Interest Rates	Negative balance subject to interest rates based on currency
Other Fees	€90 one-off fee for trading via EXANTE Trade Desk



EXT App Review

　　EXT provides traders with a mobile trading platform available for download on both the App Store and Google Play, offering convenience for accessing their trading accounts on the go.



　　In addition to the mobile platform, EXT supports a HTTP API designed to facilitate the development of customized financial applications. This API allows for the creation of various tools such as smart messenger bots, option strategy advisors, market analysis mobile apps, websites featuring live stock tickers, and wholesale trading solutions. Traders can leverage this capability to enhance their trading strategies, visualize market data, and build next-generation applications tailored to their specific needs.



　　Moreover, EXT offers a FIX API tailored for algorithmic traders, supporting a FIX 4.4-based protocol for seamless data transfer, quote retrieval, and full-scale automation of trading activities. This API integration provides advanced traders with the flexibility to execute automated trading strategies efficiently.



Customer Service

　　Clients can reach out to EXT through various channels.

• 　　Telephone: +357 25342627

• 　　Email: info@ext.com.cy

• 　　Fax: +357 25344317

• 　　Contact Form

　　The company also provides its physical address, 28 October Avenue, 365, Vashiotis Seafront Building, 3107, Limassol, Cyprus.



Conclusion

　　In summary, EXT offers a wide range of financial products and services with transparent fees and convenient trading options. EXT provides valuable tools such as demo accounts and API integrations for traders, but thorough research and understanding of terms and conditions are essential. Overall, EXT presents an appealing option for diversifying portfolios, but caution and due diligence are recommended before making investment decisions.

FAQs

　　What financial products can I trade on EXT's platform？

　　Stocks, ETFs, Metals, Options, Currencies, Futures, Funds, and Bonds.

　　How can I access my trading account on the go？

　　EXT offers a mobile trading platform available for download on the App Store and Google Play.

　　Does EXT offer support for algorithmic traders？

　　Yes, EXT provides a FIX API tailored for algorithmic traders for seamless data transfer and automation of trading activities.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.