Launched in 2008, the Exness Group is a true veteran of the online FX / CFD industry. Its reach extends to most of the world. It currently maintains offices in three different locations, where the brand is represented by three different corporate entities.
In this way, the brokerage has secured the regulatory support of three jurisdictions, two of which are at the service of some important markets.
That considered, its reputation is not optimal. There are many problems with the operation from the perspective of the merchants. Most complaints focus on the recall system / procedures, which are purportedly focused on denying withdrawal requests.
Hunt and stop-slip slippage are also part of the Exness situation. While Exness support seems useful and well informed, many operators have complained about its inefficiency.
As mentioned, the corporate fund of the operation is extensive and intricate.
The “global” side of the brokerage is managed by a certain Exness Limited, based in St. Vincent and the Grenadines. This company is a locally registered international business company. It is authorized and regulated by local authorities.
The branch office of the EU-focused corridor is supported by Exness CY Limited, based and registered in Cyprus. The company registration number is HE 293057. CySEC regulates this equipment. The operator’s CySEC license number is 178/12.
Exness UK Ltd. is the side regulated by the FCA of the brokerage. The registration number of this company is 088611481. The FCA registration number is 730729.
In addition to the above, Exness is also registered with the CONSOB of Italy and the CNMV of Spain.
From the above it is clear that the regulatory status of the corridor is quite outstanding. The regulations of CySEC and FCA mean that it is fully compatible with MiFID, which also means that, in fact, it should be a reliable commercial destination. You should also offer some attractive collateral for merchants.
What is the only point of sale of the brokerage? Why should you register and make a real money deposit with him?
According to Exness.co.uk (and Exness.eu for that matter), the broker is a sponsor of Real Madrid. According to the same page, he also sponsors Cristiano Ronaldo, possibly the best soccer player in the world.
Ronaldo has been playing for the Italian team Juventus for a while. Or the information is outdated, or Exness has some kind of special sponsorship agreement with the soccer star.
The broker prides himself on his allegedly excellent order execution, adjusted spreads, non-commission deposits and withdrawals. In a nutshell, their trading conditions are theoretically very attractive.
Exness also promises direct access to interbank liquidity, which is also an important asset.
Traders concerned about the environment will be pleased to learn that the broker supports some of the WWF projects aimed at the protection of polar bears and Persian leopards.
What traders and potential traders should know about Exness is that it is primarily a DD (Dealing Desk) broker, which means that it acts as a market maker.
While it also offers ECN access, these accounts can only be had at Exness Ltd.