Is Exness trustworthy? Three licences and what to check

This is the most searched question about Exness, and the correct answer is not “yes” or “no” but:
which licence applies to your account. For clients in Vietnam, it is usually not the one
displayed on the home page.

The licences Exness publishes

• CySEC — Cyprus, number 178/12
• FCA — UK, number
  730729
• FSA — Seychelles, number SD025

These three regulators are very different in strictness:

• FCA (UK) — high capital requirements, mandatory segregation of client money, a
  compensation scheme, and retail leverage limits.
• CySEC (Cyprus) — within the common European framework, with a capped compensation
  scheme.
• FSA (Seychelles) — the offshore group: low capital requirements, usually no compensation
  scheme, and limited enforcement capacity.

The most important point

A brokerage group has several legal entities, each with
its own licence. The UK entity serves UK clients; the offshore entity serves international clients.

Clients in Vietnam are almost always in the second group. Which means the FCA licence may
not apply to your account at all — and that is something you only learn by reading the client agreement, not
the home page.

How to verify it yourself in ten minutes

1. Open the client agreement and find the entity name and place of registration in the opening section.
2. Take the licence number of that specific entity.
3. Go to the relevant regulator’s site and use its
   public register.
4. Cross-check: does the entity name match, is the licence still valid, and what services does it permit?

The last step is the one most often skipped. There are cases where the licence number is real but belongs to
a different entity in the same group.

What can be verified about the trading conditions

Beyond licensing, a few specifics can be measured:

• Rebate cycle — daily, credited straight to the trading account, with no intermediary
  wallet.
• Minimum deposit — from $10 on the general account types.
• Platforms — MT4,
  MT5, WebTrader and a proprietary app.

What to do instead of deciding whether to trust

Three practical measures, which apply to any broker and not only this one:

• Do not leave all your capital in the account. Keep enough there for margin plus a safety
  buffer.
• Make a small test withdrawal early, within the first month, to see how the process runs
  before there is any pressure.
• Withdraw profits periodically rather than letting them accumulate for years.

The full conditions and rebate levels are on the Exness page.

This article is for information only and is not investment advice. Conditions and fee levels are published by the brokers and can change at any time — check with the broker you actually use. Leveraged forex and CFD trading carries a high level of risk and can cost you your entire deposit.