Exallt review

Exallt review

At litecoinbrokerreviews, we adhere to strict standards to ensure an unbiased review process. We conduct our reviews by examining each broker’s offering and performance across four key categories. Each forex broker’s final rating is produced based on numerous data points. 

Exallt.io is a highly professional broker. They have only been operating in the industry for the last year but already starts to make a name for themselves. Exallt.io is a favoured choice thanks to its competitive spreads and fast execution.

In this Exallt.io review, the litecoinbrokerreviews team examined the broker in detail, especially in key areas like security, trading platforms, and fees, to ensure you understand what they offer.

The key strengths of Exallt.io include the following:

• Customer money protection
• Above-average insurance cover
• Low minimum Deposit
• Competitive spreads

Like most top brokers, Exallt.io offers a demo account. You can use this better to know the broker and features before live trading.

Our Opinion on Exallt.io

Exallt.io is an Independent CFD broker and trademark of Fluxlogy LLC. 

The competitive spreads and the fast execution make it a great fit for traders, though some consider the asset offering limited. Hedging, scalping, and VPS are all permitted.

 At the same time, they offer a good number of base currencies. 

on a negative note

The broker is also quite limited in the payment options provided.

Depending on your location, you may not be accepted as a trader with Exallt.io. Their service is unavailable in many European countries, Canada, or the US. F

CFD and Forex Review

In all, more than 450 CFD assets are offered at Exallt.io. This offering includes more than 45 forex currency pairs.

• The spreads are also extremely competitive and start from rock bottom. 

Money Protection

When protecting your funds, these are held in segregated accounts at several first-tier banks around the World. You will also have negative balance protection, so you only lose what you deposit.

This assures coverage of the work done by their representatives and employees and can help protect you as a trader if anything untoward occurs.

Countries where Exallt.io is not available

While the broker has clients worldwide, there are several locations below where services are unavailable. So check with them if you can trade with them. 

Account Types

There are several account types available. These are listed below, along with each type’s specifics so you can choose your trading style best.

Demo Account

The Exallt.io demo account is a great starting point if you are new to trading or a broker. This can be opened without a trial period and uses virtual currency while replicating real trading conditions.

It is a great opportunity to trade risk-free for the time and hone your trading skills.

Please look at the table below for an overview of all the available accounts.

 

Islamic Account

Exallt.io offer Islamic accounts on all accounts. These accounts are fully Shariah Law compliant, rather than a swap or rollover fee.

With this type of account, you can request it from the broker if you require it, and the broker support team will gladly assist.

Deposit and Withdrawal

Account Base Currency

There are several account base currencies you can deposit with at Exallt.io. These include the USD, EUR and GBP.

Deposit

Here is everything you need to know about depositing Exallt.io.

Minimum Deposit

The minimum deposits for trading at Exallt.io start with the test account, which has a $50000 minimum deposit. The standard Account requires, and $25,000 minimum deposit, and then the Pro account requires a $100,000 minimum amount.

There is also a VIP option, but we suggest you talk to the broker directly before opening that one. 

Deposit Methods

There are many deposit methods available. These are based on your location. You can make deposits by Wire Transfer, Credit Card, Fasapay, JCB, SticPay, Crypto, and local deposit methods.

All these methods’ processing times, except for wire transfers, can be instant. This can take 2-5 days to complete. Bitcoin may also take one business day.

Deposit Fees

Exallt.io does not charge any fee from their side.

You may incur a fee from your bank for international wire transfers, and you should check with your provider for other methods.

There is a daily limit if you use your credit card. This is a maximum of $10,000 on the first Deposit or equivalent after that. A small conversion fee can also be if you deposit a non-base currency.

Withdrawal

The withdrawal methods available are usually all the same as the deposit methods. Depending on the technique, withdrawal is typically processed within 1-3 business days.

Withdrawal Fees

Again, the broker does not charge any fee from their side on withdrawals. The only point to note is that with international bank wire transfers, you must withdraw at least 100 units of your base currency, for example, $100 or 100 EUR.

Trading Fees

The broker offers floating and fixed spreads.

These will depend on your account type.

Moreover, Exallt.io does not charge commissions on US share CFDs.

Overnight Fees

Overnight fees are charged by all brokers on CFDs. This fee is for holding positions overnight. Since Exallt.io is a CFD broker, the overnight fee will apply to all assets.

This rate is often updated based on market liquidity and conditions so that you can get up-to-the-minute data from your trading platform.

However, swap fees do not apply to all gold products.

Markets

Here is a closer look at the exact markets offered by the broker. These may vary depending on your location.

Forex

The broker offers more than 45 FX currency pairs. 

Commodities

Exallt.io offer the main commodities. This offering includes energy assets, metals, and soft commodities.

Indices

A total of 10+ indices as CFDs are offered; these include global leaders like the S&P, Nikkei25, FTSE30, and NAS100, among others.

Shares and ETFs

You will find a growing total of more than 100 shares on offer as CFDs. This includes companies worldwide and major names like Apple, Deutsche Bank, Vodafone, Amazon, and Google that you can trade as CFDs.

Cryptocurrencies

The main cryptocurrencies, CFDs, are available from the broker. The major pairs are BTCUSD, ETHUSD, and LTCUSD.

Execution, leverage and position sizing

The broker provides many key trading features. You can read more about these below.

Leverage

With Exallt.io, you have access to extensive leverage. This can be up to 400:1 on forex.

Sizing

The minimum trade size with Exallt.io is 0.01 lots.

Forbidden trading techniques

The broker is open to allowing various trading techniques. Scalping, hedging, and the use of other strategies are all permitted. 

Risk Management

Risk management is an essential component of trading at any level. To that end, there are numerous tools provided within your trading platform that can help. These include setting stop losses, taking profits, trailing stops, and limiting orders to manage your positions.

From the broker side, they provide margin calls via email when your account margin level hits 40%.

Trading Hours

Forex trading is available on a 24/5 basis. Other markets’ availability will depend on the specific asset you are trading. You can find these details directly on the broker’s website.

Platforms & Mobile

Trading platforms are an essential part of your trading experience. This is what is offered at Exallt.io.

Exallt trading platform features:

• Instant overview of real-time market prices, spread, and margin in a simple and logical design.
• Asset performance analysis within different timeframes: from tick-to-tick to month-to-month.
• Comparative asset performance analysis and live charting options to view the market in real time.
• In-depth asset performance analysis applying key indicators to trade wisely and risk-free.
• Stable and effortless trading due to the latest technologies optimized for trading.

Desktop platform

As mentioned, the WebTrader is made available by the broker. This is one of the industry’s most respected platforms, combining great usability with excellent technical credentials in a highly customizable setup.

All platforms can function in Windows and Mac operating systems, and you will have several chart types.

WebTrader

The Exallt WebTrader is a very user-friendly web-based trading platform from the broker. The venue is a popular choice among Exallt.io traders at all levels and is compatible with Chrome, Opera, Explorer, and Firefox browsers.

No download is required for this platform, and you will have access to 6 different chart types. You should note that the WebTrader from Exallt does not facilitate using EAs.

Mobile

The platform mentioned is available in mobile form. It is also compatible with Android and iOS devices. You can also use the dedicated Exallt AppTrader on all devices.

This can provide nine timeframes and several charting types in an easy-to-use format that provides you with all the technical capabilities of a web-based platform while on the move.

Customer Service

Customer service at Exallt.io is available through several channels. You can quickly reply to the support team through email and on a dedicated phone number if you require help.