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Exness (company)

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Overview

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Exness is a multi-asset brokerage providing online trading services for various assets (commodities, stocks). Founded in 2008 by Petr Valov and Igor Lychagov,[1] the company is headquartered in Limassol, Cyprus.[2] Exness serves clients across multiple regions and adheres to regulations in various jurisdictions.

History

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Exness was founded in 2008 by a group of finance and technology professionals. Initially headquartered in Russia, the company relocated to Limassol, Cyprus, in 2014. Limassol is recognized as a hub for financial services,[3] housing several major players in the online trading industry.

In 2015, Exness expanded its brand visibility by becoming a sponsor of the Infinity Red Bull Racing Formula 1 team.[4] In 2017, company pursued endorsement agreement with Real Madrid star Cristiano Ronaldo.[5] In 2024, Exness further increased its visibility through a sponsorship agreement with Spain's La Liga.[6]

Operations

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Exness provides access to various financial markets, including commodities and stocks. The company offers trading on the MetaTrader 4 and MetaTrader 5 platforms, which are widely used within the industry. Exness also offers its proprietary mobile trading application, providing users with options depending on their trading preferences.

Licenses and Regulations

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Exness operates under several regulatory bodies, ensuring compliances with international financial regulations. These include the Cyprus Securities and Exchange Commission (CySEC)[7] , the Financial Conduct Authority (FCA) in the United Kingdom[8] , and the Financial Sector Conduct Authority (FSCA) in South Africa[9] The company is also licensed by regulatory authorities in Seychelles,[10] Curacao,[11] and other jurisdictions.[12]

Corporate Social Responsibility (CSR)

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Exness has actively contributed to the communities where it operates, particularly in Cyprus.[13] During the COVID-19 pandemic, the company donated over 1 million euro[14] to local relief efforts[15] and supported other causes, such as environmental initiatives[16] and educational[17] programs.[18]

Controversies

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Exness has maintained a policy of not disclosing detailed financial data. While this has raised questions about transparency, the company has not been involved in any significant legal disputes or controversies

References

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  1. ^ https://www.crunchbase.com/organization/exness Title: Exness overview, Publisher: Crunchbase, Access date: 11/20/2024
  2. ^ https://www.crunchbase.com/organization/exness Title: Exness overview, Publisher: Crunchbase, Access date: 11/20/2024
  3. ^ https://www.financialmirror.com/2023/10/14/limassol-is-king-of-forex/ Title: Limassol is king of forex, Publisher: Financial Mirror, Access date: 11/20/2024
  4. ^ https://www.sportsbusinessjournal.com/Global/Issues/2015/11/30/Marketing-and-Sponsorship/Infiniti-Red-Bull.aspx Title: Infiniti Red Bull Racing Extends Partnership With Forex Broker Exness, Publisher: Sports Business Journal, Access date: 11/20/2024
  5. ^ https://www.espn.com/soccer/story/_/id/37528479/cristiano-ronaldo-agrees-new-commercial-partnership-broker-exness Title: Real Madrid's Cristiano Ronaldo agrees new commercial partnership, Publisher: ESPN, Access date: 11/20/2024
  6. ^ https://www.footboom1.com/en/news/football/1989182-exness-and-laliga-a-strategic-alliance-uniting-the-worlds-of-trading-and-football-in-latin-america-el-universal#:~:text=The%20global%20multi%2Dasset%20trading,past%20and%20the%20ongoing%20season. Title: Exness and LaLiga: A Strategic Alliance Uniting the Worlds of Trading and Football in Latin America | El Universal, Publisher: FOOTBOOM, Access date: 11/20/2024
  7. ^ https://www.cysec.gov.cy/en-GB/entities/investment-firms/cypriot/37681/ Title: Exness License, Publisher: Cyprus Securities and Exchange Commission (CySEC), Access Date: 11/20/2024
  8. ^ https://register.fca.org.uk/s/firm?id=001b000003587sXAAQ Title: Exness License, Publisher: Financial Conduct Authority (FCA), Access Date: 11/20/2024
  9. ^ https://www.fsca.co.za/MagicScripts/mgrqispi.dll Title: Exness License, Publisher: Financial Sector Conduct Authority (FSCA), Access Date: 11/20/2024
  10. ^ https://fsaseychelles.sc/search-business/exness-sc-ltd Title: Exness License, Publisher: Financial Services Authority Seychelles, Access Date: 11/20/2024
  11. ^ https://cdn.centralbank.cw/media/supervision/20240202_registry_of_supervised_institutions_as_per_december_31_2023.pdf Title: Exness License, Publisher: Centrale Bank Curacao & Sint Maarten, Access Date: 11/20/2024
  12. ^ https://www.exness.com/regulation/ Title: Exness regulations, Publisher: Exness, Access date: 11/20/2024
  13. ^ https://cyprus-mail.com/2021/07/10/exness-provides-financial-aid-of-e300000-to-affected-areas-as-cyprus-emerges-from-the-worst-fire-in-decades/ Title: Exness CSR, Publisher: Cyprus Mail, Access Date: 11/20/2024
  14. ^ https://www.mlsi.gov.cy/mlsi/dli/dliup.nsf/All/6B665EF633E2EB5AC225895C003006BF/$file/EXNESS%20GLOBAL%20LTD.pdf Title: Exness CSR, Publisher: Cyprus Ministry of Labour and Social Insurance, Access Date: 11/20/2024
  15. ^ https://in-cyprus.philenews.com/local/exness-donates-equipment-to-cing-pledges-up-to-e1m-against-coronavirus/ Title: Exness CSR, Publisher: In-Cyprus Philenews, Access Date: 11/20/2024
  16. ^ https://cyprustimes.com/cyprus-daily/exness-donates-fire-detecting-drones-in-e300000-pledge-to-protect-cyprus-forests/ Title: Exness CSR, Publisher: Cyprus Times, Access Date: 11/20/2024
  17. ^ https://www.nation.sc/articles/15563/exness-donates-materials-worth-over-r200000-to-three-schools Title: Exness CSR, Publisher: Nation, Access Date: 11/20/2024
  18. ^ https://www.usiu.ac.ke/3161/exness-partners-usiu-africa-expand-its-fintech-scholarships-program-kenya/ Title: Exness CSR, Publisher: USIU-Africa, Access Date: 11/20/2024