Exness

Exness (SC) Ltd is a forex and CFD broker registered in Seychelles, with its official website at ex-markets.pro. The company was founded on 17 March 2023, making it a relatively new entrant in the offshore brokerage space. Its registered address is 9A CT House, 2nd Floor, Providence, Mahe, Seychelles.

According to our records, the broker is licensed by the Seychelles Financial Services Authority (FSA) under a Derivatives Trading License (EP), with licence number SD025. This licence permits the firm to offer derivatives trading services, which typically includes leveraged forex and CFD products. The FSA is the primary financial regulator in Seychelles, though its oversight is generally considered lighter than that of major Western regulators.

The broker's regulatory status is a key point for traders to consider. The Seychelles FSA is an offshore regulator, and while it does issue licences for derivatives trading, its supervisory framework is less comprehensive than that of regulators like the UK's FCA or the US CFTC. This means that client protections, such as compensation schemes or strict capital requirements, may be more limited.

In our records, the licence status is listed as '—', which we interpret as not clearly confirmed or currently active. This ambiguity, combined with the offshore registration, is a significant factor in our risk assessment. Traders should be aware that the level of regulatory oversight here may not offer the same safeguards as more established jurisdictions.

Based on the licence type, Exness (SC) Ltd is authorised to offer derivatives trading, which in practice means retail forex and CFD products. These typically include major, minor, and exotic currency pairs, as well as CFDs on indices, commodities, and possibly cryptocurrencies. However, specific details about the trading platform, account types, spreads, or leverage are not disclosed in our known facts.

The broker's website, ex-markets.pro, is the official domain, but we have not been able to verify the full range of its offerings from independent sources. Given the limited public information, traders should approach with caution and seek clarity on the specific instruments and conditions before committing funds.

The broker appears to target retail traders, given its licensing under a derivatives trading regime. Offshore brokers like this often appeal to traders seeking higher leverage or fewer restrictions than those imposed by stricter regulators. However, the lack of detailed information about the broker's services makes it difficult to assess its suitability for any particular trader profile.

In FXCanary's assessment, the absence of independent reviews and the limited public footprint are notable. For a broker registered in 2023, the lack of a substantial online presence or user feedback is a red flag. Traders should exercise due diligence and consider whether the potential benefits outweigh the risks associated with an offshore, lightly regulated entity.

Our records indicate that Exness (SC) Ltd has been flagged in industry watchdog records as a 'Fake Broker' and identified as a clone or impersonator firm. These flags are serious and suggest that the entity may not be operating with the integrity expected of a legitimate broker. Additionally, the broker is registered in Seychelles, which is known for light oversight, further elevating the risk profile.

The FXCanary Scam Risk Score for this broker is 85 out of 100, which we classify as 'Severe'. This score reflects the combination of regulatory concerns, the clone/impersonator flag, and the offshore registration. Traders should treat any interaction with this broker with extreme caution, as the risks of financial loss are high.

In summary, Exness (SC) Ltd is a Seychelles-registered forex and CFD broker with a derivatives trading licence from the FSA. However, the broker's short operating history, unclear licence status, and serious risk flags make it a high-risk choice for traders. Independent public information is limited, and we have not been able to verify the broker's claims or services beyond the basic regulatory data.

For traders considering this broker, we strongly recommend thorough due diligence, including verifying the licence directly with the Seychelles FSA and seeking independent reviews. Given the severe risk score, the prudent course is to avoid this broker until its legitimacy and operational standards are clearly established.