Overview of Exallt
Exallt, headquartered in Saint Vincent and the Grenadines and established in 2023, operates as an unregulated trading platform offering a diverse range of market instruments, including Forex, Commodities, Indices, and Stocks. The platform provides traders with four account types—Test, Standard, Pro, and VIP—each tailored to different trading preferences. The minimum deposit for the Test account is €5000, while Standard, Pro, and VIP minimum deposits are not specified. Traders can leverage their positions with maximum levels ranging from 100 to 400, depending on the account type. Spreads vary across accounts, with fixed spreads for Test and Standard, and a combination of fixed and floating spreads for Pro and VIP.
Exallt caters to traders through its WebTrader, Desktop Trader, and Mobile Trader platforms, offering a comprehensive trading experience. A demo account is available for users to practice without financial risk. Customer support is accessible via phone at +44 2086382873 and through email at support@exallt.io. Deposit and withdrawal methods are diverse, with associated fees varying; traders are advised to check the official website for specific details. Educational resources include articles, a glossary, interactive courses, and demo accounts, reflecting Exallt's commitment to supporting traders in their financial journey.
Pros and Cons
Pros:
Diverse Range of Market Instruments: Provides access to various asset classes, including forex, cryptocurrencies, commodities, stocks, metals, and indices. This caters to diverse trading strategies and risk appetites.
Multiple Account Types with Varying Leverage: Offers four account types (Test, Standard, Pro, VIP) with different features, minimum deposits, leverage, and spreads. This allows traders to choose based on experience level and trading goals.
Availability of Demo Account: Provides a risk-free environment to practice trading strategies and familiarize oneself with the platform before investing real funds.
Variety of Trading Platforms: Supports multiple platforms to accommodate different preferences and device compatibility.
Flexible Deposit and Withdrawal Methods: Accepts various payment methods for convenient deposits and withdrawals.
Competitive Maximum Leverage Levels: Provides high leverage options (up to 400:1) for those seeking potential for greater returns (with accompanying higher risks).
Cons:
Unregulated (lack regulatory oversight): Not regulated by a recognized financial authority, potentially raising concerns about investor protection and dispute resolution.
Minimum Deposit for Some Account Types Not Specified: Lacks clarity on minimum deposit requirements for certain accounts, making it challenging for traders to plan their investment.
Lack of Specified Founding Year: Absence of information about the company's founding year might raise questions about its history and experience.
Fees for Deposit and Withdrawal May Vary: Unclear fee structure for deposits and withdrawals, potentially leading to unexpected charges.
Regulatory Status
Exallt operates without any regulated licenses, indicating that it is an unregulated trading platform. The absence of regulatory oversight means that Exallt is not subject to the rules and standards set by financial regulatory authorities. While unregulated platforms can offer flexibility to traders, it also poses potential risks as there is no external authority overseeing and enforcing compliance with industry regulations.
Market Instruments
Exallt offers a diverse range of trading products to satisfy the needs of investors and traders. Here are the concrete details about the products:
Forex:Exallt offers a diverse range of currency pairs for trading, including both popular and rare options. Traders can explore new assets and gain access to emerging currency markets, providing a comprehensive platform for success in Forex trading.
Commodities:The Exallt platform allows users to trade a variety of commodities, including crude oil, natural gas, gold, silver, copper, and other precious metals. This broad range of options enables traders to engage in diverse commodity markets for potential profit.
Indices:Exallt provides the opportunity to trade indices, offering a single position that grants access to entire sectors of the economy. With a highly liquid market, traders can take advantage of broad movements in various industries for a well-rounded trading experience.
Stocks:Stocks are highlighted as the most profitable and dynamic asset to trade on the Exallt platform. Traders can easily buy and sell stocks, with Exallt simplifying the stock trading process, making it accessible and straightforward for users seeking success in the stock market.
In summary, Exallt's product offerings cover a wide spectrum of financial instruments, including currency pairs in the Forex market, various commodities, indices representing economic sectors, and individual stocks. This diversity allows traders to build a well-rounded and diversified portfolio, different trading preferences and risk appetites.
Account Types
Exallt offers 4 account types developed to match the needs of every trader. At Exallt, the transaction processing speed does not depend on the account type. You can choose the one that best suits your trading demand.
Test Account:
Exallt's Test account is tailored for traders who want to explore the platform, its tools, and functions. With a minimal deposit of €5000, this account allows users to test the trading environment with a maximum of 10 lots. It serves as an ideal option for those looking to gain hands-on experience in trading before committing to larger volumes.
Standard Account:
The Standard account is designed for traders aiming at higher volume transactions. Offering key features such as tight spreads, no commission, and access to a wide range of assets including Forex, Cryptocurrencies, Commodities, Stocks, Metals & Indices, this account allows for a maximum of 40 lots. It caters to individuals seeking a balanced and efficient trading experience.
Pro Account:
Exallt's Pro account is crafted for full-time traders, providing advanced tools and options for monitoring financial markets and making instant decisions. With increased leverage (300), a maximum lot size of 50, and access to all available assets, this account is suitable for traders who require a more comprehensive and professional trading environment.
VIP Account:
The VIP account at Exallt is designed for traders who want to trade without limits. Offering increased leverage (400), a maximum lot size of 100, and 24/7 support, this account is tailored for those with larger capital and higher trading demands. It provides the utmost flexibility and support for traders seeking a premium trading experience.
How to Open an Account？
To open an account with Exallt, follow these concise steps:
Click on “Open Live Account”:
Look for the “Open Live Account” button on the homepage and click on it.
Fill in Personal Information:
Provide your personal information, including your full name, email address, phone number, and any other required details.
Choose an Account Type:
Select the type of account you want to open (Test, Standard, Pro, or VIP) based on your trading preferences and capital.
Agree to Terms and Conditions:
Read and agree to the terms and conditions presented by Exallt. Ensure that you understand the policies and rules associated with trading on the platform.
Verify Your Identity:
Complete the identity verification process by submitting the necessary documents, such as a government-issued ID or passport, as required by Exallt.
Make an Initial Deposit:
Fund your account by making the initial deposit. The minimum deposit amount varies depending on the chosen account type.
Explore the Trading Platform:
Once your account is funded, log in to the trading platform provided by Exallt and familiarize yourself with its features and tools.
Start Trading:
With your account set up and funded, you are now ready to start trading. Execute trades, monitor market conditions, and utilize the resources offered by Exallt for a successful trading experience.
Spreads & Commissions
Exallt offers varying spreads depending on the account type and the financial instrument being traded. For Test and Standard accounts, fixed spreads are provided, ensuring transparency in trading costs. The Pro and VIP accounts, on the other hand, offer a combination of fixed and floating spreads, providing traders with flexibility in their trading strategies. The spreads are competitive and aim to optimize the trading experience for users across different account levels.
Exallt adopts a commission-free model for its Standard account, where traders can execute trades without incurring additional charges. However, for the Pro and VIP accounts, while spreads remain a primary factor, there are additional commissions associated with certain transactions.
Leverage
Exallt offers varying maximum leverage levels across its account types to satisfy different trading preferences and risk tolerances. The Test account provides a leverage of up to 1:100, suitable for traders looking to explore the platform with limited risk. The Standard account offers a leverage of 1:200, providing a balance between risk and trading volume. For more experienced and full-time traders, the Pro account features increased leverage of 1:300, while the VIP account offers the highest leverage of 1:400, allowing for more substantial positions. It's crucial for traders to choose an account type with leverage that aligns with their risk management strategy and trading goals.
Maximum Leverage Comparison:
Trading Platform
Exallt provides a versatile and secure trading experience through its multi-platform approach. The WebTrader is a web-based platform offering rich functionality, optimized for web browser performance, and prioritizing security. Traders can access their accounts from any device with a web browser, ensuring flexibility without compromising on features. The web version presents a comprehensive trading toolkit, providing real-time market prices, spread, and margin in a simple and logical design.
For those who prioritize security, Exallt offers a Desktop Trader, allowing traders to install the application on their PC. This desktop platform ensures high performance and a complete suite of features tailored for successful trading. It caters to users who prefer a dedicated application for their trading activities.
The Mobile Trader from Exallt enables traders to stay active 24/7, responding to market changes from anywhere. The platform ensures lightning-fast transaction processing through the latest technologies, providing an instant overview of real-time market prices, spread, and margin. Traders can perform asset performance analysis across different timeframes, utilize comparative asset performance analysis, and access live charting options for a real-time view of the market.
Key features of the Exallt trading platform include in-depth asset performance analysis with key indicators, promoting wise and risk-free trading. The stability and ease of trading are facilitated by cutting-edge technologies optimized for the entire trading process.
Deposit & Withdrawal
Exallt provides a range of payment methods for depositing and withdrawing funds, ensuring flexibility for traders. The accepted payment methods may include bank transfers, credit/debit cards, and various electronic payment systems. It's essential for traders to check the specific payment options available in their region, as Exallt may offer different methods based on geographical locations.
Regarding fees, Exallt typically outlines a transparent fee structure for deposits and withdrawals. While deposits may often be free of charge, there could be withdrawal fees associated with certain payment methods or specific conditions, such as frequency and amount. Additionally, traders should be aware of potential fees related to currency conversion, especially if they are depositing or withdrawing in a currency different from their account base currency.
Customer Support
Exallt places a strong emphasis on customer support, offering traders reliable assistance through multiple channels. For direct communication, traders can reach out to Exallt's customer support team via phone at +44 2086382873. Additionally, the platform provides a dedicated Customer Service Email Address, support@exallt.io, where users can submit inquiries, seek assistance, or address any concerns they may have. The inclusion of both a phone line and email support reflects Exallt's commitment to ensuring accessibility and responsiveness to its users. The platform provides timely and helpful responses, acknowledging the importance of efficient customer support in creating a positive and user-friendly trading environment.
Educational Resources
Exallt is dedicated to empowering its traders with comprehensive educational resources to enhance their trading knowledge and skills. The platform offers a variety of learning materials designed for traders of all experience levels. These educational resources typically include:
Articles and Guides: Written content, including articles and guides, covering topics such as market analysis, risk management, and specific trading strategies.
Glossary: A comprehensive glossary of trading terms to help beginners familiarize themselves with the language of the financial markets.
Interactive Courses: Structured courses that take traders through a step-by-step learning journey, covering everything from the basics to advanced trading concepts.
Demo Accounts: Virtual trading accounts that allow users to practice trading in a risk-free environment, helping them get hands-on experience without using real money.
By providing a diverse range of educational resources, Exallt supports its traders in making informed decisions, developing effective trading strategies, and ultimately increasing their confidence in navigating the financial markets. Access to these resources reflects Exallt's commitment to fostering a knowledgeable and empowered trading community.
Conclusion
In conclusion, Exallt presents a trading platform with a diverse range of market instruments and account types, offering flexibility to cater to different trading preferences. The availability of a demo account and comprehensive educational resources adds value for users seeking to enhance their trading skills. However, the platform operates without any regulated licenses, introducing a notable disadvantage as it lacks the oversight and investor protection mechanisms provided by regulatory authorities. The absence of specific founding year details and undisclosed minimum deposits for some account types may also pose challenges for potential users.
While Exallt provides competitive maximum leverage levels and various trading platforms, traders should approach the platform with caution, recognizing the potential risks associated with an unregulated environment and varying fees for deposits and withdrawals. Thorough research and consideration of personal risk tolerance are advised before engaging with Exallt.
FAQs
Q: What account types are available on Exallt？
A: Exallt offers four distinct account types: Test, Standard, Pro, and VIP.
Q: How can I contact customer support at Exallt？
A: Customer support at Exallt is accessible through phone at +44 2086382873 and via email at support@exallt.io, ensuring users can reach out for assistance and inquiries.
Q: Is Exallt regulated？
A: No, Exallt operates as an unregulated trading platform.
Q: What leverage levels can I access on Exallt？
A: Exallt provides varying leverage levels across its account types, ranging from 1:100 for the Test account to 1:400 for the VIP account.
Q: What educational resources are offered by Exallt？
A: Exallt provides a range of educational materials, including articles, a glossary, interactive courses, and demo accounts.
Q: Can I practice trading before committing real funds？
A: Yes, Exallt offers a Test account allowing users to familiarize themselves with the platform, tools, and functions with a minimal deposit of €5000.
2023-12-20 19:06
