Exallt review, Trading review of New Fx Broker
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Exallt review, Trading review of New Fx Broker
Exallt. is a new trading platform that has been offering online since the beginning of 2023, but the owners have been pioneers of the online trading industry since the beginning of the 2010s – so it’s safe to say the platform comes with plenty of experience when dealing with financial instruments.
With a competitive fee structure, a highly accessible trading platform offers multiple financial instruments, including cryptocurrencies, stocks, Indices and Currencies, Exallt. It can meet the needs of traders at every level.
OFFERS AND NEW CUSTOMER EXPERIENCE – OPENING AN ACCOUNT WITH EXALLT
Our review of Exallt. Need help to find promotions or offers for new customers as such. Still, often this can be a sign of quality – a reliable and trustworthy broker rarely needs gimmicks to attract new users. Instead, new customers get a simple onboarding process with a good yet straightforward verification process.
All you need to open an account is proof of I.D. and a smartphone.
Once you’ve put in the required details and provided a copy of your I.D., you can access Exallt’s trading platform. Before entering the markets, new users – particularly those new to the world of retail trading.
USABILITY – A SLEEK AND STYLISH WEBSITE
One of the first things our Exallt review noticed was how well-designed the platform is. As soon as you land on the website, you’ll find everything is laid out in easily accessible menus that give you access to the different features of the site, including the other trading options, information about Exallt, and the platform.
Another particularly appealing quality of the Exallt. Website is that the pages devoted to different instruments, such as cryptocurrencies, stocks and currencies, all have a dedicated section for beginners. This makes the platform highly approachable and, in most cases, Exallt. Provides additional information – even lessons and training – covering the trading fundamentals and explaining the different asset classes.
No matter what level of trader you are, you’re likely to find the Exallt. The website is easy to navigate and highly informative without appearing cluttered or suffering any slowdown.
ACCOUNTS – WHAT KIND OF TRADER ARE YOU?
As we’ve mentioned above, there are different levels of traders out there, and it’s always a plus point for a platform to cater to a varied user base. Fortunately, our review of Exallt. Found this to be another box ticked, as the platform offers several different account types, depending on what sort of trader you are.
A Day Trader account gives you access to Exallt’s trading services. This includes access to leverage and the chance to short-sell assets. The other accounts listed effectively differ in levels of leverage and margin.
Exallt offers five account types developed to match the needs of every trader. Exallt’s transaction processing speed does not depend on the account type. You can choose the one that best suits your trading demand.
Four account types:
Test account details
You can start the Test account to try the platform, its tools, and its functions. The minimal deposit is €5000. The maximum number of lots available is 10. This is the best option to try trading.
Standard account details
The Standard account is developed for those who aim at higher volume trading. The key features of this account are the following:
- Maximum number of lots – 40
- Tight spreads
- No commission
- Available assets – Forex, Cryptocurrencies, Commodities, Stocks, Metals & Indices.
Pro account details
The Pro account is designed for full-time traders. It provides all the necessary tools and options for monitoring the financial markets and making instant decisions:
- Increased leverage (300)
- Maximum lots – 50
- All assets are available.
Vip account details
The Vip account suggests the same thing as what it means. Trade without limits:
- Increased leverage (400)
- Maximum lots – 100
- 24/7 support
You can compare all types of accounts in the following chart:
|TEST ACCOUNT||STANDARD ACCOUNT||PRO ACCOUNT||VIP ACCOUNT|
|ACCOUNT CURRENCY||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP||USD, EUR, GBP|
|SPREAD, PIPS||Fixed||Fixed & Floating, Variable||Fixed & Floating, Variable||Fixed & Floating, Variable|
(NUMBER OF MARKS
|5 marks||5 marks||5 marks||5 marks|
|MAX. TRADE SIZE||10 lots||40 lots||50 lots||100 lots|
|MARGIN CALL LEVEL||40%||40%||40%||40%|
|STOP OUT LEVEL||30%||30%||30%||30%|
|TRADING PLATFORM||all devices||all devices||all devices||all devices|
|CUSTOMER SUPPORT||24/5 support||24/5 support||24/5 support||24/7 support|
Fees remain the same across the account, and the good news is that none of them incurs an inactivity fee if you take some time off from trading. This will only go into effect after a few months.
TRADING PLATFORMS – USING EXALLT’s WEBTRADER
No review of Exallt would only be complete with a thorough overview of the trading platform – after all, it will give traders access to the markets and the ability to make trades. A reliable trading platform can make or break a broker, so our Exallt review was pleased to note that the operator has its proprietary trading platform that is highly accessible and suitable for any level of trader.
Whether you plan to do most of your trading via a desktop or mobile device, the Exallt trading platform will port seamlessly, and you’ll have all the same functionality, regardless of the screen you’re looking at. While the Meta Trader family may need more sophistication, Exallt’s web trader is fast, streamlined, and easy to use.
Fortunately, you are able to test Exallt through their demo account.
TRADING PAYMENTS – FUND YOUR EXALLT ACCOUNT
In addition to trading fees, many platforms will also issue charges for other account transactions, such as making deposits or withdrawals. The good news is that our Exallt.io review found no deposit fees, which is a definite plus. There needs to be a minimum deposit, which is the norm in the industry. There are also no fees charged for withdrawing funds, which means you won’t see any profits eaten into when you want to make a transfer.
So far, so good for Exallt. However, our review found that the options for funding your account could be improved. You can’t use a debit or credit card, which will deter many users immediately, as these are often preferred methods for almost all e-commerce. To fund your Exallt Account, you’ll either need to make a bank transfer. There currently are only so many options for users. However, limited payment options are sometimes good and can give users peace of mind.
FEES – A FAIR AND TRANSPARENT PRICING STRUCTURE
There are always costs involved with trading, whether a platform has a set fee structure or makes a profit from having a wider spread. So is Exallt. Good when it comes to fees? Our review was pleased to find that the platform offers favourable fees compared to rival platforms.
CUSTOMER SERVICE – IS EXALLT.IO GOOD AT SUPPORTING ITS USERS?
Trading and investing can get pretty complicated, and whilst Exallt has a very accessible and user-friendly trading platform, most users will want to know that there is help available should they need it. With this in mind, our review of Exallt. They have made a point of checking out the operator’s customer service provision.
Regarding options for getting in touch, Exallt has good choices, but there needs to be more room for improvement. A definite plus point is that customers can get in contact by telephone – which is becoming increasingly rare these days. The service desk is open weekdays from 7 am to 9 pm; any wait times are generally minimal.
The other option for reaching out to Exallt is via email. According to the website, users can get in touch 24 hours a day, five days a week. However, there are no details on when to expect a reply, so we assume that operating times align with the service desk.
Our Exallt Review was disappointed to find no web chat option, as this is more or less standard with most providers—however, the platform scores well with its extensive Help Centre, which includes solutions to common queries.
REGULATION AND DEPOSIT INSURANCE – I.S. EXALLT.IO LEGIT?
Anyone looking for a new trading and investing platform will no doubt want to know about its licensing and regulatory credentials. You’re unlikely to come across an Exallt. The trading review needs to take a thorough look at this area. Finding out if a platform is above board is easy. As we’ve noted above, the Exallt.
The broker does currently not hold any European regulatory status. That said, they follow the international AML regulations and have a solid KYC protocol and from all appearances th operations are all completely above board.
EXALLT REVIEW FAQ
Is Exallt. Safe?
If you trust a platform to handle your investments, then it stands to reason that you expect it to be completely secure. Thankfully, most online brokers and exchanges are subject to strict restrictions to ensure they operate securely.
What assets can I trade with Exallt?
Exallt. is an established institution that offers users the chance to invest in numerous financial instruments via its online platform. E
How do I open an Exallt? Account?
Each online investment platform will have a slightly different onboarding process. Usually, you will be required to provide a few details and complete a verification process—our review of Exallt. I will tell you everything you need about signing up for the platform.
CONCLUSION – OUR REVIEW OF EXALLT
Having conducted a thorough review of exallt.io, it is one of the better trading platforms on the market. Exallt’s credentials are displayed when you arrive on the website.
That isn’t to say there is no room for improvement, but Exallt. has put its customers at the centre of its operations. If you’re looking for a platform to access the financial markets, we’d recommend checking out Exallt.