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.
Although Exness is regulated by several authoritative bodies, including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius, CMA, it is not regulated by BaFin. In this article, we will explore Exness’ regulations, and its features, and provide a list of alternative brokers that are regulated by BaFin.
Does Exness Operate Under BaFin?
No, Exness does not operate under BaFin regulations. The broker is regulated by several other reputable financial authorities, including the 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 BaFin in the UK.
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 Bafin Regulated Forex Brokers: Alternatives to Exness
Exness is one of the leading forex and CFD brokers. The broker is not regulated by BaFin. It is regulated by other top-tier regulators including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius. CMA. There are several BaFin regulated brokers that can serve as alternatives to Exness. These brokers include:
- Founded In: 2010
- Minimum Deposit: $0, Recommended: $200
- Maximum Leverage: 500:1
- Regulations: FCA, ASIC, CySEC, BaFIN, DFSA, CMA, and SCB
- Trading Platforms : MT4, MT5, cTrader, TradingView and Own Trading Platforms
- Trading Instruments: Forex, Commodities, Indices, Currency Indices, Cryptocurrencies, Shares, ETFs, and CFD Forwards.
- Founded In: 1989
- Minimum Deposit: $0
- Maximum Leverage: 1:500
- Regulations : FCA, ASIC, BaFin, IIROC, FMA, MAS
- Trading Platforms : MT4 , Share trading platforms
- Trading Instruments: Forex Major, Forex Crosses, Forex Minor, Metals, Oil , CFD, Stock indices
- Founded In: 1974
- Minimum Deposit: $0
- Maximum Leverage: 1:200
- Regulations: ASIC, FCA, JFSA, SFC (Hongkong), FSCA, MAS, FMA, GmbH, FINMA
- Trading Platforms: MT4, WebTrader, MobileTrader (MobileApp), ProRealTime
- Trading Instruments: Forex, indices, Cryptocurrencies, Shares, Commodities
- Founded In: 2005
- Minimum Deposit: $50
- Maximum Leverage: 1:500
- Regulations: ASIC, Austrac, Bafin, CIMA, ESCA, CySEC, FSC, FMA, MAS, TFG, VFSC, FSCM, FSAS
- Trading Platforms: MT4, MT5, Multibank-Plus
- Trading Instruments: Forex, Metals, Shares, indices, Commodities, Cryptocurrencies
These brokers operate under BaFin regulation. According to BaFin rules, they offer leverage up to 30:1 and provide negative balance protection for retail traders. To learn more about BaFin-regulated forex brokers, you can read our content on the best BaFin-regulated forex brokers.
How Can I Verify If My Broker is Bafin Regulated?
To verify if your broker, such as Exness, is regulated by the BaFin, follow these steps:
- Find the Broker’s Reference Number or Name: Obtain this information from the broker’s website.
- Search the BaFin Register: Visit the Bafin Financial Services Register and enter the broker’s reference number or name.
- Check the Broker’s Authorization: Ensure that the broker is authorized to provide “Rolling spot forex contract” services to retail customers in the UK.
- Match Firm Details: Verify that the details on the BaFin website, such as the broker’s website and email, match those provided by the broker. Any discrepancies might indicate an unauthorized broker, and you should avoid trading with them.
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. The broker is regulated by multiple top-tier regulatory authorities, including CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius. CMA. It offers negative balance protection and holds client funds in segregated bank accounts. Additionally, Exness provides an investor protection scheme for clients regulated under CySEC, making it a reliable and trustworthy broker.
Does Exness Offer Negative Balance Protection?
Yes, Exness offers negative balance protection. All BaFin-regulated brokers must offer negative balance protection. Negative balance protection means that traders are protected from losing more money than they have in their trading accounts. If a trade results in losses that exceed the amount of funds in the account, negative balance protection ensures that the trader’s balance cannot go below zero. This prevents the trader from owing the broker any additional money.
Is Exness regulated in Australia?
No, Exness is not regulated in Australia. The broker is not regulated by ASIC, the Australian regulator. However, it accepts Australian clients under its global entity. Exness is regulated by several other authorities, including CMA, CySEC, FSA-Seychelles, CBCS, FSC in BVI, FSCA, FSC in Mauritius.
