Exness

Exness, operating under the legal name Nymstar Limited, is a forex and CFD broker registered in Seychelles. The company was founded on 31 December 2021 and is headquartered at F20, 1st floor, Eden Plaza, Eden Island, Seychelles. Its official domain is my.exness.com.

According to our records, the broker holds a Derivatives Trading License (EP) from the Seychelles Financial Services Authority (FSA), with licence number SD025. However, the status of this licence is not specified in our files, and the company reports zero employees. The registered address is in an offshore jurisdiction known for light regulatory oversight.

The broker is regulated by the Seychelles Financial Services Authority (FSA), which is the financial regulator for the Seychelles jurisdiction. The licence number on file is SD025, but its current status is not disclosed in our records. It is important to note that Seychelles is considered an offshore financial centre with relatively light regulatory oversight compared to major jurisdictions like the UK or EU.

Our records indicate that this entity is listed as a 'Fake Broker' in industry watchdog records and is identified as a clone or impersonator firm. This raises significant concerns about the legitimacy of the operation, as it appears to be using the name and reputation of the well-known global broker Exness (which operates from exness.com) without authorization.

The broker claims to offer a range of trading instruments, including currencies, gold, oil, stocks, and indices. It also advertises high leverage up to 1:2000 and spreads starting at 0.0 pips. However, we have not been able to verify these claims independently, as the official website is not accessible or does not provide sufficient information.

Given the lack of verifiable information about the trading platforms, account types, or execution methods, traders should exercise extreme caution. The absence of a functional website or social media presence further undermines the credibility of this broker.

Our records do not contain specific details about the account types, minimum deposit requirements, or funding methods offered by this broker. The company description mentions multiple classes of trading instruments and high leverage, but no concrete account specifications are available.

Without transparent information on these critical aspects, it is impossible for traders to make an informed decision. The lack of disclosure is a red flag, especially when combined with the clone status and offshore registration.

The broker appears to target retail traders seeking high leverage and tight spreads, typical of many forex brokers. However, given the severe risk flags associated with this entity, it is not suitable for any trader, especially beginners or those who prioritize fund safety.

In FXCanary's assessment, this broker should be avoided entirely. The combination of being a clone, having an offshore registration, and lacking a verifiable online presence makes it a high-risk proposition. Traders are strongly advised to seek regulated brokers with a proven track record.