Exness is a forex and CFD broker offering online trading services to traders and investors worldwide. The broker provides a diverse range of trading instruments, including Forex, CFDs, Cryptocurrencies, Stocks CFDs, Commodity CFDs. It also supports multiple trading platforms and tools such as MT4 MT5.
Exness is regulated by several authoritative bodies such as CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius, CMA. However, Exness is not regulated by the FINMA ( The Financial Market Supervisory Authority). In this article, we will explore Exness’ regulations, and its features, and provide a list of alternative brokers that are regulated by FINMA.
Does Exness Operate Under FINMA?
No, Exness does not operate under FINMA (The Financial Market Supervisory Authority) regulation. However, the broker is regulated by several other reputable financial authorities including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius, CMA. These regulatory bodies ensure compliance with various standards for financial stability, transparency, and investor protection, though they do not provide the specific protections offered by the FINMA in Switzerland.
What Other Regulations Does Exness Have?
CySEC (Cyprus Securities and Exchange Commission):
Exness is regulated by CySEC. Established in 2001, Cysec is Cyprus’s financial regulator. Since Cyprus joined the European Union in 2004, CySEC’s regulations align with the MiFID directive, ensuring compliance with EU-wide financial standards and investor protection. This regulation allows the broker to offer services across the European Economic Area (EEA) under the MiFID II directive, ensuring investor protection and transparency. CySEC regulation requires brokers to follow strict guidelines for handling client funds, including segregation and periodic reporting.
CMA (Capital Markets Authority – Kenya):
Exness is licensed and regulated by the CMA in Kenya. Founded in 1989, The CMA of Kenya regulates the Kenyan capital markets, including forex trading. The CMA allows a maximum leverage of 1:400 and ensures that financial institutions adhere to standards for transparency, fairness, and investor protection. It is operated by the Kenyan government. For more information, visit the CMA website.
FSA-Seychelles,
Exness is regulated by the Financial Services Authority (FSA) of Seychelles. The FSA, established in 2013, oversees the financial services sector in Seychelles to ensure compliance with regulatory standards and to protect investors.
The FSA requires Exness to adhere to guidelines for managing client funds, which include keeping client money separate from company funds and providing regular financial reports. This regulation helps ensure that Exness operates securely and transparently, particularly for clients in Seychelles, and maintains a trustworthy trading environment.
CBCS
Exness is regulated by the Centrale Bank van Curaçao en Sint Maarten (CBCS). The CBCS, established in 1828, is the central bank for Curaçao and Sint Maarten, overseeing financial institutions and maintaining financial stability in the region.
The CBCS requires Exness to adhere to regulations that ensure financial stability and investor protection. This includes maintaining adequate capital, safeguarding client funds by keeping them separate from company assets, and providing regular financial reports. CBCS regulation helps ensure that Exness operates securely and transparently, offering a reliable trading environment for clients in Curaçao, Sint Maarten, and beyond.
FSC in BVI
Exness is regulated by the Financial Services Commission (FSC) in the British Virgin Islands (BVI). The FSC, established in 2001, is the regulatory authority overseeing financial services and institutions in the BVI.
The FSC requires Exness to comply with strict regulations, including maintaining adequate capital, protecting client funds by keeping them separate from company assets and ensuring transparent financial reporting. This regulation helps ensure that Exness operates securely and reliably, providing a trustworthy trading environment for clients in the BVI and internationally.
FSCA
Exness is regulated by the Financial Services Board (FSB) of South Africa. The FSB, established in 1990, was the financial regulatory authority in South Africa responsible for overseeing non-banking financial institutions before being replaced by the Financial Sector Conduct Authority (FSCA) in 2018.
Under FSB regulations, Exness was required to maintain strict standards, including holding adequate capital, protecting client funds by segregating them from company assets, and ensuring transparency through regular financial reporting. This regulation helped ensure that Exness operated securely and reliably, offering a safe trading environment for clients in South Africa.
FSC in Mauritius
Exness is regulated by the Financial Services Commission (FSC) of Mauritius. The FSC, established in 2001, is the regulatory authority overseeing the financial services sector in Mauritius.
The FSC requires Exness to comply with regulations that ensure the safety and transparency of its operations. This includes maintaining adequate capital, protecting client funds by keeping them separate from company assets, and providing regular financial reports. These requirements help ensure that Exness operates securely and reliably for clients in Mauritius, fostering trust and integrity in its trading services.
CMA (Capital Markets Authority – Kenya):
Exness is licensed and regulated by the CMA in Kenya. Founded in 1989, The CMA of Kenya regulates the Kenyan capital markets, including forex trading. The CMA allows a maximum leverage of 1:400 and ensures that financial institutions adhere to standards for transparency, fairness, and investor protection. It is operated by the Kenyan government. For more information, visit the CMA website
Best FINMA Regulated Forex Brokers: Alternatives to Exness
Exness is one of the leading forex and CFD brokers. The broker is not regulated by FINMA. It is regulated by other top-tier regulators including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius, CMA. There are several FINMA regulated brokers that can serve as alternatives to Exness. These brokers include:
Affiliate Table: 5 FINMA-Regulated Forex Brokers
These brokers operate under FINMA regulation. According to FINMA rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about FINMA-regulated forex brokers, you can read our content on the best FINMA -regulated forex brokers.
How Can I Verify If My Broker is regulated by FINMA or Not?
How Can I Verify If My Broker is FINMA Regulated?
Here’s a detailed explanation of how to verify if your broker is regulated by FINMA, with expanded paragraphs under each subheading:
1. Find the Broker’s Name:
The first step in verifying your broker’s regulatory status is identifying their legal name. This information is typically available on the broker’s official website under sections like “About Us” or “Legal Information.” Make sure you’re using the broker’s full legal name, not just the brand name, as companies often operate under multiple names or subsidiaries. Having the exact name ensures an accurate search when you look up their registration with FINMA.
2. Visit the FINMA Website:
Once you have the broker’s legal name, visit the official website of FINMA. The Swiss Financial Market Supervisory Authority maintains a public register where you can find all authorized institutions and individuals. This register is a reliable source for confirming the legitimacy of brokers and other financial institutions operating under FINMA’s supervision. You can access it through this link: FINMA Licensed Institutions and Persons Page.
3. Enter the Broker’s Name:
On the FINMA website, you will find a search bar designed for checking the authorization status of financial firms. Enter the broker’s full legal name in this search bar. Make sure you input the name exactly as it appears on the broker’s official website. A precise search is crucial to ensure you are checking the correct entity, as some brokers may have similar or overlapping names.
4. Select the Category:
To refine your search and get the most relevant results, choose the appropriate category from the drop-down menu. For forex brokers, you should select “Banks and Securities Firms” as the category. This narrows down the search to firms that are authorized to offer forex and other securities trading services under FINMA’s regulation. Selecting the right category helps avoid confusion with other types of financial service providers.
5. Check the Broker’s Information:
Once the results are displayed, examine the broker’s profile on the FINMA website. Compare the information provided by FINMA with what’s available on the broker’s website. Look for details like the broker’s full name, address, and license status. It’s important to confirm that the broker is authorized as a bank or securities firm by FINMA, as this is a key requirement for offering forex trading services in Switzerland. If the broker is not listed or does not hold the necessary license, you should be cautious, as they may not be legally allowed to provide forex services. In such cases, it’s advisable to avoid dealing with that broker
Frequently Asked Questions ( FAQs)
What is Exness?
Established in 2008, Exness is a regulated forex and CFD broker. It is regulated by multiple jurisdictions. The broker gives access to trade more than 230 tradable instruments on its MT4 and MT5 Trading platforms. The broker allows copy trading, news trading, and EA Trading. You can start trading with as low as 0.01 lot in Exness. The broker also offers a very tight spread starting from 0.3pips. However, Exness does not have ASIC regulation.
Is Exness Considered Safe?
Yes, Exness is considered safe. Exness is not regulated by FINMA. However, The broker is regulated by other reputed regulatory authorities including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius, CMA. These regulations ensure strict compliance with industry standards and provide protection for client funds.
