Is Exness Regulated?

Choosing a Forex broker is a crucial decision for traders and investors and one of the most important factors to consider is the license of the broker. In this article, we will answer the question “Is Exness regulated?” and we will delve into the importance of forex broker licenses, Exness regulation, trading security, which country Exness uses and whether Exness can be trusted.

When you finish reading this article from our Forex Blog, you will better understand the importance of security in the world of trading, and in particular in the world of currencies, and the reliability of working with EXNESS Group.

First, we will provide a brief overview of the EXNESS Group, including its background and history in the Forex market. We will also highlight the company’s compliance with local laws in more than 130 countries and its extensive portfolio of licenses from various regulatory authorities.

The regulatory authorities overseeing the EXNESS Group include recognized entities such as the FCA (Financial Conduct Authority) in the United Kingdom, CySEC (Cyprus Securities and Exchange Commission) in Cyprus and the FSA (Financial Services Authority) in Seychelles, among others.

EXNESS AN EXCELLENT WELL REGULATED BROKER

Exness is an international forex and CFD broker focused on offering a range of stocks, indices, commodities, forex and cryptocurrencies. Since its appearance on the forex market in 2008, the broker has extended its reach from its headquarters in Limassol, Cyprus, to more than 130 countries around the world in a short time. Exness Broker has more than 2,000 employees and numerous offices in Asia and Europe.

Exness reviews in countries with the largest customer base have been consistently positive due to its multi-faceted capabilities and the quality of its customer service.

Exness is regulated in the United Kingdom, Cyprus, Seychelles, South Africa, BVI, Curacao and Sint Maarten.

Nymstar Limited, a securities dealer registered in Seychelles under registration number 8423606-1 and licensed by the Financial Services Authority (FSA) under license number SD025. The registered office of Nymstar Limited is at F20, 1st Floor, Eden Plaza, Eden Island, Seychelles.

Exness B.V, a Securities Intermediary registered in Curaçao with registration number 148698(0) and authorized by the Central Bank of Curaçao and Sint Maarten (CBCS) with license number 0003LSI. The registered office of Exness B.V. is located at Emancipatie Boulevard Dominico F. “Don” Martina 31, Curaçao.

Venico Capital Limited is authorized by the Financial Services Commission (FSC) in the BVI under registration number 2032226 and investment business license number SIBA/L/20/1133. The registered office of Venico Capital Limited is at Trinity Chambers, P.O. Box 4301, Road Town, Tortola, BVI.

Vlerizo (Pty) Ltd which is authorized by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with registration number 2020/234138/ 07 and FSP number 51024.

Exness not only provides brokerage services that are stable and reliable, but also provides a comfortable trading environment. Exness is a versatile broker that can serve both inexperienced and experienced traders, offering the opportunity to trade on the MetaTrader 4 and Metatrader 5 trading platforms and Exness Trading Terminal, traders can benefit from incredibly high leverage and tight spreads from 0 .1 pips and there are no hidden fees involved.

Exness has customer service in thirteen different languages, ensuring that merchants are kept up to date with the latest financial news. Additionally, Exness is also involved with various organizations as an honorary sponsoring partner.

Overall, Exness is very competitive in terms of fees and actual spreads. Their spread is very low compared to other FSCA regulated forex and cfd brokers, there are no hidden trading fees and the commission with a Pro account is very low. The standard also has super low spreads.

LIST OF INSTITUTIONS THAT REGULATE THE EXNESS BROKER

Exness, as a reputable Forex broker, complies with strict regulatory standards set by financial regulatory organizations around the world, ensuring that the company operates transparently and securely.

Below is a list of the regulatory institutions (Tier 1, Tier 2 and Tier 3 licenses) that regulate Exness

Seychelles Financial Services Authority (FSA)

Exness (SC) Ltd, formerly known as Nymstar Limited, is authorized and regulated by the Seychelles Financial Services Authority (FSA) with license number SD025.

The FSA, as a Level 3 regulatory body, is an autonomous regulatory body responsible for licensing, regulating and enforcing compliance requirements in the non-banking financial services sector in Seychelles.

Cyprus Securities and Exchange Commission (CySEC)

Exness (Cy) Ltd is a licensed and regulated investment company in Cyprus by the Cyprus Securities and Exchange Commission (CySEC) with license number 178/12.

CySEC, as a Tier 1 regulatory authority, independently supervises and regulates investment services in Cyprus.

UK Financial Conduct Authority (FCA)

Exness (UK) Ltd. is an investment firm authorized and regulated by the Financial Conduct Authority Financial Conduct Authority (FCA), a Tier 1 regulatory authority in the UK with Financial Services Registration number 730729.

The FCA acts as a conduct regulator for financial firms. businesses and service markets in the UK, setting specific standards to ensure fair treatment and maintain market integrity.

South Africa Financial Sector Conduct Authority (FSCA)

Exness ZA (Pty) Ltd is authorized by the Financial Sector Conduct Authority Financial Sector (FSCA) in South Africa as a Financial Service Provider (FSP) with registration number 2020/234138/07 and FSP number 51024.

The FSCA is a Level 2 regulatory authority, which focuses on the regulation and supervision of market conduct, improving efficiency, integrity and the fair treatment of customers and financial institutions.

Central Bank of Curacao and Sint Maarten (CBCS)

Exness B.V. is a securities intermediary registered in Curacao with registration number 148698(0) and authorized by the Central Bank of Curacao and Sint Maarten (CBCS) with license number 0003LSI.

The CBCS, a Level 3 regulatory authority, manages the monetary policy of Curaçao and Sint Maarten and is the oldest central bank in the Americas, dating back to 1828.

BVI Financial Services Commission (FSC)

Exness (VG) Ltd, formerly known as Venico Capital Limited, is authorized by the Financial Services Commission (FSC) of the British Virgin Islands (BVI) with registration number 2032226 and investment business license number SIBA/L/20/1133.

The FSC, as a Level 3 regulatory authority, is an autonomous regulatory body responsible for the supervision, regulation and inspection of all financial services within and from the BVI.

Mauritius Financial Services Commission (FSC)

Exness (MU) Ltd is authorized by the Financial Services Commission (FSC) of Mauritius Mauritius with registration number 176967 and business license number GB20025294.

The FSC Mauritius is a Level 3 regulator of non-banking financial markets in the region, responsible for licensing, regulating, monitoring and supervising commercial activities within its jurisdiction.

Kenya Capital Markets Authority (CMA)

Tadenex Limited is registered in Kenya under registration number PVT-LRUDJJB and is regulated by the Capital Markets Authority (CMA) as a non-trading online forex broker with license number 162.

The CMA is a level 3 regulator responsible for supervising, licensing and monitoring the activities of market intermediaries, including stock exchange and central depository and settlement systems, as well as other licenses.

Read the Exness Review of 2023 complete with all the pros and cons, and key features (such as the deposit, its platform, commissions, speed of execution of a trade, spreads, withdrawal of funds…)

EXNESS LICENSES AND REGULATORY COMPLIANCE

Exness is a forex broker that has a strong focus on regulatory compliance. Below are some factors based on user experiences that demonstrate Exness’ regulatory compliance:

1. Multiple regulators: Exness is regulated by multiple accredited financial authorities, including the UK Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This ensures that Exness complies with strict regulations and standards to protect the interests of its clients.

2. Fund Segregation: Exness operates under a client funds segregation policy, meaning that client funds are kept separate from the broker’s operating funds. This ensures that client funds are protected in the event of the forex broker’s insolvency.

3. Anti-Money Laundering (AML) and Know Your Customer (KYC) Procedures: Exness has robust AML and KYC procedures to prevent money laundering and verify the identity of your clients. Traders must provide proof of identity and address before they can open an account and start trading.

4. Transparency: Exness provides transparent information about its trading conditions, fees and charges on its website. This allows traders to make informed decisions and understand the risks involved in trading.

5. Compliance with EU regulations: Exness complies with EU regulations, such as the Markets in Financial Instruments Directive (MiFID) II, which sets transparency standards , investor protection and market integrity. This ensures that Exness operates transparently and fairly.

Overall, based on user experiences, Exness has a strong reputation for regulatory compliance. The broker’s multiple regulators, client funds segregation policy, AML and KYC procedures, transparency and compliance with EU regulations contribute to its regulatory compliance.

CUSTOMER PROTECTION WHEN TRADING ON EXNESS

Exness is subject to the Financial Commission, the body that resolves financial market disputes. For this reason, the broker is part of the Compensation Fund, which serves as insurance for its clients.

The Compensation Fund covers around 20,000 euros per client if the broker does not comply with the ruling of the Financial Commission.

WHICH COUNTRY USES EXNESS?

Exness accepts clients from more than 130 countries, allowing people from various parts of the world to participate in both the forex market, the stock market and major markets around the world.

However, there are certain restrictions and exclusions. Exness does not accept clients who are nationals or residents of the following countries and regions:

• United States of America (USA) and its territories: American Samoa, Baker Island, Guam, Howland Island, Kingman Reef, Marshall Islands, Northern Mariana Islands, Puerto Rico, Midway Islands, Wake Island, Palmyra Atoll, Jarvis Island, Johnston Atoll, Navassa Island, United States Virgin Islands, United States Minor Outlying Islands.

• Vatican City.

In addition, Exness does not accept clients who are residents of the following countries and regions:

• North America: Canada, Greenland.

• Oceania: Vanuatu, Australia, New Zealand (including Tokelau), Fiji, Palau, Samoa, Kiribati, Micronesia (Federated States of), Norfolk Island, Tuvalu.

• Africa: Seychelles, Sudan/South Sudan, Central African Republic, Mauritius.

• Middle Eastern Countries: Israel, Iraq, Syria, Yemen, Palestinian Territory, Iran, Western Sahara.

• Asian countries: North Korea, Malaysia, Singapore, Myanmar.

• Latin and Central America: Uruguay, Cuba, Nicaragua and The Bahamas.

• Caribbean: Barbados, Haiti, Saint Martin, Saint Vincent and the Grenadines.

• Antarctica: Antarctica.

• European Union countries: Albania, Andorra, Austria, Belgium, Belarus, Bulgaria, Macedonia, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Bosnia and Herzegovina, Finland, France, Germany, Greece, Hungary, Svalbard Jan Mayen, Iceland, Italy, Ireland, Kosovo, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Monaco, Norway, Netherlands, Poland, Portugal, Romania, San Marino, Slovakia, Slovenia, Spain, Sweden, Switzerland, Ukraine, United Kingdom, Russia.

• French territories: Réunion, Guadeloupe, French Guiana, Mayotte, French Polynesia, French Southern Territories, New Caledonia, Saint Barthélemy, Saint Pierre and Miquelon, Wallis and Futuna.

• Regions of Finland: Aland Islands.

• Territories of the Netherlands: Sint Maarten, Curaçao, Caribbean Netherlands.

• Territories of Denmark: Faroe Islands.

• Territories of Norway: Bouvet Island.

• British Overseas Territories: Gibraltar, Falkland Islands, Cayman Islands, Anguilla, Turks and Caicos Islands, South Georgia and the South Sandwich Islands, British Indian Ocean Territory, Pitcairn Islands, Saint Helena, British Virgin Islands, Bermuda.

Please note that the above list is subject to change and it is essential to check the official website or contact Exness directly for the most information updated on accepted countries and regions.

Find other top brokers like Exness

Ready to explore more top Forex brokers similar to EXNESS Group?

Visit our comprehensive comparison of top Forex and CFD brokers page and discover a variety of trustworthy and reputable brokers in the industry.

Compare their features, services, regulations and more to find the perfect solution for your needs and trading style.

FAQ ABOUT EXNESS REGULATION

1. Where is Exness located?

Exness has a global presence, with its headquarters located in Porto Bello, 1 Siafi Street, Office 401, 3042, Limassol, Cyprus. Additionally, they have 6 global offices (Cyprus, United Kingdom, South Africa, Nairobi, Curacao and Seychelles) and operations in several countries around the world to serve their international client base from over 130 countries.

2. Can we trust Exness?

Yes, Exness is a reliable and reputable forex broker. It is regulated by multiple leading international regulatory bodies, ensuring compliance with strict financial standards and providing clients with a safe trading environment to invest in the stock market, forex, stocks and ETFs and even a multitude of financial assets.

Their commitment to transparency and customer protection has earned them a solid reputation in the Forex industry and one of the best brokers to invest in a wide variety of products such as ETFs commodities.

3. Is Exness a regulated forex broker?

Of course, Exness is a well-regulated forex broker. It is authorized and regulated by recognized regulatory authorities such as the Financial Services Authority of Seychelles (FSA), the Cyprus Securities and Exchange Commission (CySEC), the Financial Conduct Authority (FCA) in the United Kingdom, the Conduct Authority of the Financial Sector (FSCA) in South Africa, among others.

These regulatory bodies ensure Exness complies with industry regulations, protects customer funds, and maintains fair business practices. However, remember that investing carries risks.

4. Is Exness regulated in the US?

No, Exness is not regulated in the United States. Exness does not hold regulatory licenses from US regulatory authorities such as the Commodity Futures Trading Commission (CFTC) or the National Futures Association (NFA) and, Therefore, they are not authorized to offer their services to US Forex traders.

5. Is Exness regulated in the UK?

Yes, Exness is regulated in the UK. Exness (UK) Ltd is an investment firm authorized and regulated by the Financial Conduct Authority (FCA) of the United Kingdom under Financial Services Registration number 730729.

6. Is Exness regulated in Spain?

Currently, the Exness broker is not regulated by the CNMV, the national securities market commission CNMV of Spain.

7. Who owns Exness Broker?

Exness is a privately held company and ownership details are not publicly disclosed. However, the founders and management team are known to have extensive experience in the financial industry, which contributes to the success and reputation of the broker. Becoming one of the best brokers to invest in a multitude of financial assets.

8. Is Exness a scam?

Exness is not a scam because it complies with the relevant legal regulations and authorities mentioned above.

9. What type of broker is Exness?

Exness is a well-established online forex and cfds broker providing trading services to clients around the world. It offers a variety of financial instruments, including currency pairs, cryptocurrencies, metals, energies, indices and more.

With competitive trading conditions, spreads as low as 0.0 pips, well-known trading platforms such as the MT4 trading platform and the MT5 trading platform and a customer-centric approach.

Exness serves both retail and institutional traders, being a broker with a very easy-to-use and secure interface to operate in a multitude of assets on stock exchanges around the world. For some, Exness is the best Forex and CFDs broker on the market currently.

Follow this step-by-step guide to open a live account with Exness.