Exallt review and experience
Today’s broker, Exallt, comes from the idea of two traders. The goal was to create a broker built by traders for traders. Since the beginning of 2023, Exallt has also been represented in Europe and opened access to trading venues. In addition to trading Forex, CFD values are also available from the broker. We test the platform in detail.
The most important facts for Exallt Trader
The online broker Exallt has been established on the market since the beginning 2023. The broker is considered reputable and offers competitive conditions with low spreads.
The Exallt Broker facts at a glance:
|St Vincent and the Grenadines
|Yes, free of charge
|100:1 to max 400:1
|Easytech trading platform as a web application and desktop version customer
|international support via phone and email
What is Exallt Broker? Presentation of the company
Exallt was founded in Sydney in 2023. Even now , so short after launch, the broker has a global presence in Europe, Latin America and the Middle East.
Due to the high level of internationality, Exallt’s offer is multilingual. There are different languages to choose from for the use of the broker. The broker relies on trustworthy communication, 24/5 support options and reliable partners.
Exallt Trading: These are advantages and disadvantages
Exallt’s offer is average but compelling. However, with only 450 financial instruments, the educational selection at Exallt’s could be clearer.
Regulation and security
Security is important for this broker during trading. That said, the brokerage is not fully licensed and regulated. The regulation of the Financial Conduct Authority, FCA, and other regulatory entities do not support this brokerage.
Instead of paying the large amounts required for obtaining a license, the broker focuses on providing higher leverage and promotions that a regulated broker cannot offer.
In addition, Exallt secures customer funds beyond the normal standard.
Exallt would like to support the risk management of customers further. The order suffix Stop Loss caps positions downwards. Normally, there is a fee for positioning a stop loss with brokers. To ensure that the decision of a stop loss does not depend on money, a stop loss at Exallt is free of charge. So, there are no trigger fees.
Markets and asset classes
The broker Exallt specializes in CFD and Forex trading. However, there are several ways to trade through the broker. Investors can choose from over 450 markets and asset classes. The following asset classes are available:
- Currencies or currency pairs
- Raw materials and oil
- CFDs on cryptocurrencies, stocks, indices, commodities, oil, precious metals and metal crosses
- Gold and silver
CFD trading allows traders to go long or short. Instead of purchasing the physical product, investors can bet on prices falling or rising. What is particularly exciting about trading stock CFDs is that traders can still take dividend payouts with them. Trading is based on leverage of 100:1. Professional investors can even apply leverage of up to 400:1 to trades, realizing the highest returns with minimal capital investment.
An important factor when trading investments at Exallt is also the spread. Spreads start at the broker from 0.5 pips. Current spreads can be viewed directly on the website and the trading platform. The broker, therefore, does not rely on fixed but variable spreads ( but does offer them for the higher accounts).
Account opening and account types
Exallt’s offer and market model can only be used by registering with the CFD broker. To do this, traders can either open a demo account as a test or a live account. The Exallt demo account offers the advantage that the trading environment and broker can be viewed risk-free. The demo account is available for 90 days with a virtual amount of 100,000 US dollars. When you open a Exallt demo account, investors can trade simultaneously in the live environment around the clock and with the base currencies
It is possible to upgrade the demo account to a live account at any time. The choice of trading account type is crucial. Traders can choose between Exallt’s Test, Standard Account and Pro Account. ( There is a VIP account for the large traders) Exallt is a broker with a high minimum deposit. There are differences in terms of minimum spreads and commission. While the standard account offers spreads from 0.8 pips and no commissions, spreads from 0.5 pips are available when opening a Pro account. ( at the time of this review, check the current status with the broker directly)
Alternatively, it is also possible to open an Islamic trading account.
Short conclusion: Exallt offers customers a consistent offer
The basis of trading through a broker is a good selection of assets. With over 50 currencies and trading on over 150 markets, Exallt meets that point. Online broker fraud is also not to be suspected here. Exallt customers can also take advantage of the benefits of the Standard Account or Pro Account. Experience shows that it is advisable to choose a demo account in advance to gain Forex trading experience. The spread underlying the trade is also competitive.
In the Exallt review, we look at the platform and account support of customers in detail during this review.
It is possible to upgrade the demo account to a live account at any time. The choice of trading account type is crucial. Traders can choose between Exallt’s Standard Account and Pro Account. Exallt is a broker with no minimum deposit. There are differences in terms of minimum spreads and commission. While the standard account offers spreads from 0.4 pips and no commissions, spreads from 0.0 pips are available when opening a Pro account. The commission is also $7 for buying and selling. For the base currency euro, commissions of 6.50 euros are charged for standard contracts.
Alternatively, it is also possible to open an Islamic trading account.
Before you open a live account from the Exallt company, you can convince yourself of the broker’s demo account for a extended period. Here, you will learn how to trade instruments such as commodities, CFDs and Forex and at the same time, you can look risk-free whether the broker Exallt is a suitable partner for you. Trading is possible via the demo account in real conditions. The only difference is that traders trade simultaneously. Instead of profits or losses, investors gain experience in this way.
In the following remarks, we look at the conditions of Exallt. According to traders, trading Forex contracts and CFDs can incur the following costs though the broker does not charge any commission:
- Margin Requirements
- Swap, rollover, and financing fees
- Deposit and withdrawal costs ( set by your bank)
- Interest and exchange costs
The conditions at a glance for Exallt Trading:
Fees are incurred for traders, especially in the form of the spread, as well as for swap positions. The exact price structure can be tracked individually with each trade.
All in all, Exallt’s conditions are relatively opaque. What is certain, however, is that Exallt may book commissions into the spread, even when using the VIP account, even though it is clear on the account overview page that no commission is incurred.
Attention: Exallt does not pay the tax for traders
When trading in Exallt, care should be taken to ensure that Exallt does not accept any tax measures. For you, all realized positions on the account are subject to taxation. The tax filing on items is to be carried out by yourself.
Deposits and withdrawals
To be able to trade via Exallt, the capitalization of the account is necessary. For this purpose, Exallt provides secure payment methods<span data-preserver-spaces=”true”> for wide selection. It should be mentioned right at the beginning that Exallt does not charge any deposit fees. However, if fees are incurred, they will be charged by third-party providers, not by the broker.
You can choose from classic payment methods such as credit cards, bank transfers, and instant bank transfers. Alternatively, investors can use. A special feature: Transactions are also possible with payment via Bitcoin.
Depending on the payment method, several days may be delayed until the funds are received in the respective account. Some payment service providers also reserve the right to charge a minimum payout. In most cases, however, this is only 100 euros or an equivalent in another currency. A minimum payout of 500 can be achieved only for the transaction via bank transfer.
Regarding withdrawals, it is important to know that they are only sent to the account with which they were originally capitalized. Accordingly, switching between payment methods is only possible with additional support.
Although Exallt offers a variety of payment methods, these cannot necessarily be activated for every base currency. With the base currency EUR, investors can make payments via credit/debit card, bank transfer. Alternatively, Bitcoin is still available.
Customer Service & Community
At Exallt, customers can rely on customer service available around the clock, five days a week, to answer any questions. The easiest way to reach support is via the contact form function. First, this refers to general questions answered in the Q&As on the broker’s website. The live chat will refer directly to the “Contact Us” field if these answers are insufficient. A customer service representative will then get back to you via live chat.
Alternatively, the broker can also be reached by telephone. Depending on the country, dialing the right phone number to get customer service in your language is important.
Conclusion: Exallt specializes in Forex and CFD trading
Our Exallt experience includes the trader’s offer, specific trading tools, and the conditions underlying trading. Long known as ExalltTrader, the broker Exallt offers a market model suitable for professional traders, asset management companies, and retail investors. Trading CFDs, as well as trading numerous currency pairs, convinces customers. Choosing multiple accounts, tools, and services creates fair market trade conditions with solid fees and requirements. And that around the clock.
The advantages of Exallt at a glance:
- High leverage
- High level of security for investments
- Free temporary trading demo account
- Trading via Easytech trading solution
- Support available 24/5
- Deposits and withdrawals are also possible via Bitcoin
Frequently asked questions and answers:
What is the minimum deposit from the online broker Exallt?
The minimum deposit at Exallt is $5000. It is, therefore, unnecessary to capitalize the account when opening it. However, to open your first trades, a deposit is necessary.
Does Exallt have a demo account?
The broker Exallt provides investors with a demo account for 90 days. However, there is no renewal or permanent demo account. The account is only used to test the market, platform and assets risk-free and for a limited period. However, it is possible to have the account upgraded to a live account. With Exallt’s demo account, you can trade $100,000 simultaneously and test or learn the platform’s advantages, including real-time prices, charts and full functionality.
How strongly am I tied to the easytech trading solution when trading with Exallt?
Traders are provided with the trading platform by Exallt. It is the basis for trade. However, it is possible to expand the platform with additional tools. They can be integrated into the exallt trader and thus improve usability individually.
Is Exallt a reputable broker?
Their approach support the seriousness of Exallt. One reason for Forex trading via Exallt is the high leverage and Bitcoin deposit.
Our Exallt experience includes the trader's offer, specific trading tools, and the conditions underlying trading. Long known as ExalltTrader, the broker Exallt offers a market model suitable for professional traders, asset management companies, and retail investors. Trading CFDs, as well as trading numerous currency pairs, convinces customers. Choosing multiple accounts, tools, and services creates fair market trade conditions with solid fees and requirements. And that around the clock.
- High leverage
- Bitcoin deposit
- All devices
- all strategies
- Not regulated
- No real educational segment
- High initial deposit requirements
Platforms and tools
Range of market
Commissions and fees
Safety and security