LHCM is an investment company that offers the EXANTE trading platform to clients in the UK. The trading platform offers investors access to over 50 markets and more than one million financial instruments that can be traded with a single account.
This LHCM broker review looks at the EXANTE trading platform, the pros and cons, and more.
About LHCM
LHCM LTD, through the EXANTE trading platform, serves professionals and eligible counterparties. EXANTE is a trademark owned by XNT LTD and licensed to several investment firms around the world, including LHCM.
LHCM operates under strict financial and ethical guidelines and is regulated by the Financial Conduct Authority (FCA) in the UK. This gives investors peace of mind about the safety of their funds and personal information. In addition, LHCM is GDPR compliant, adhering to stringent data protection laws and preventing the misuse of personal data.
Note that LHCM LTD does not currently accept customers who are classified as Retail.
With more than 1.6 billion in AUM and serving traders in more than 100 countries, EXANTE clients include private investors, wealth managers, and banks. The trading platform – available on the web, desktop, and mobile – offers financial instruments such as stocks, ETFs, options, futures, bonds, and funds.
Pros and cons
Here are some of the pros and cons of trading on the EXANTE trading platform, offered by LHCM:
EXANTE trading platform
The EXANTE trading platform offered by LHCM is available to traders on desktop, web, and mobile. It offers a range of trading options that are ideal for seasoned investors. Here’s a summary of the trading instruments available on the platform:
- Stocks and ETFs: Access to over 30,000 stocks from global exchanges, as well as ETFs for all purposes. These ETFs allow for an added layer of diversification and a wider market exposure. Commission rates start as low as 0.01%.
- Bonds: Trade thousands of bonds on the EXANTE platform and this includes access to government and corporate bonds. Fees start at 9 bps. Custody fees start at 0.3% per annum.
- Futures: Robust futures trading capabilities with access to over 500 types of futures, including currency, oil, or indices futures. Access to global futures exchanges with fast execution speeds and real-time prices.
- Options: Hundreds of thousands of options available on stocks, futures, and more. Traders can use options trading to capitalise on market movements.
- Currencies: more than 50 currency pairs with live market spreads starting at 0.2 pips.
- Metals: Trade in precious metals like gold, silver, and platinum. Low commission fees of 0.005% per trade.
- Funds: More than 200 funds and access to the Hedge Fund Marketplace where investors can monitor real-time positions and invest with a single click.
Mobile
EXANTE’s mobile trading platform allows trailers to easily access tier accounts with a user-friendly interface and easy access to all financial instruments from a single account.
The app features real-time data and easy portfolio management. In addition to this, users can execute trades in just a few taps. The mobile app allows for comprehensive charting abilities and a range of time frames to use. Just like the desktop trading platform, the app focuses on security and uses two-factor authentication (2FA), among otters, to protect confidential information.
Web
The web trading platform from Exante is ideal for users who want to trade directly from their browsers without downloading and installing software. The platform allows for plenty of customisation as it has a modular structure and a very user-friendly interface.
The EXANTE trading platform incorporates stringent security measures such as data encryption and secure login procedures to ensure the protection of clients’ data and transactions.
However, one drawback worth mentioning is the fact that it doesn’t support custom third-party indicators, which may be somewhat limiting to some traders.
Desktop
For traders who are looking for a more comprehensive trading experience, EXANTE provides a desktop trading platform that offers a wide range of trading tools and features. The platform is equipped with advanced charting capabilities and an extensive range of technical indicators. It also boasts a modular design that allows for plenty of customisation.
There are many helpful modules for traders, including the Bond Screener, which allows you to find and filter bonds based on multiple criteria. You can customise the search results by adding or removing columns to filter the most important information.
Another helpful tool in trading is the Basket Trader module, which enables you to manage a portfolio of assets simultaneously. With this tool, you can buy or sell a group of financial instruments at once, and specify the number of units for each instrument. You have the option to choose the side of the trade, whether it is buying or selling.
The platform offers reliable trade execution, multiple chart types, and customisable workspace layouts. There are also drag-and-drop features and a quick search functionality. It emphasises security and implements advanced encryption protocols, as well as secure login requirements to help safeguard user data and transactions.
Fees
The minimum trading unit size varies depending on the instrument and EXANTE only charges fees for actual trades. The fees for ETFs and stock trading can vary depending on the exchange; e.g. on US exchanges, the minimum rate per share is USD 0.02, whereas on European exchanges, fees range from 0.2% up to a maximum of 0.18%. Fees on Asian exchanges range from 0.01% to 0,1927%.
On FX and short positions, there may be overnight fees applicable, which are constantly changing depending on the market conditions. Other fees that may apply include a 90 EUR fee for manual executions and an annual custody fee of 0.3% for bonds.
When it comes to shorting stocks, there is a fee of approximately 12% of the value of the transaction, calculated as an annual rate. There are no margin trading fees, as long as traders keep the margin utilisation rate below 100%.
For the latest fee schedule, click here. These rates are accurate as of February 2024.
Conclusion
EXANTE’s trading platform is perfect for experienced professional traders, wealth managers, and private investors. With the option of individual and corporate accounts and a wide selection of tradable instruments, EXANTE offers a reliable and robust trading platform with plenty of features.
DISCLAIMER:
This article is provided to you for informational purposes only and should not be regarded as an offer or solicitation of an offer to buy or sell any investments or related services that may be referenced here. While every effort has been made to verify the accuracy of this information, LHCM Ltd. (hereafter known as “EXANTE”) cannot accept any responsibility or liability for reliance by any person on this publication or any of the information, opinions, or conclusions contained in this publication.
The findings and views expressed in this publication do not necessarily reflect the views of EXANTE. Any action taken upon the information contained in this publication is strictly at your own risk. EXANTE will not be liable for any loss or damage in connection with this publication. Costs mentioned herein are subject to change and may decrease or increase as a result of currency and exchange rate fluctuations.
