Is Exness Regulated In India? Is It Legit?
Is Exness Regulated In India? Is It Legit?
Blog Article
Exness is a globally recognized forex and CFD broker established in 2008, offering services to clients in over 190 countries, including India. While Exness is not regulated by Indian authorities such as the Securities and Exchange Board of India (SEBI) or the Reserve Bank of India (RBI), it operates under the oversight of several reputable international regulatory bodies. These include the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), the Financial Sector Conduct Authority (FSCA) in South Africa, and the Seychelles Financial Services Authority (FSA), among others. For more information, please follow the link: https://tradersunion.com/brokers/forex/view/exness/is-regulated-in-india/
In India, forex trading is permitted only on currency pairs that include the Indian Rupee (INR), such as USD/INR, EUR/INR, GBP/INR, and JPY/INR. Trading in other currency pairs is considered illegal for Indian residents unless conducted on recognized Indian exchanges like the NSE or BSE . Therefore, while Indian traders can access Exness's platform, they must ensure compliance with local regulations by trading only in INR-based pairs.
Exness offers several features aimed at enhancing client security and trading experience. These include negative balance protection, ensuring clients cannot lose more than their account balance, and insurance coverage of up to EUR 20,000 per client in case of force majeure events. Additionally, Exness provides a range of trading platforms, including MetaTrader 4 and 5, and offers services like social trading and free VPS hosting for eligible clients.
While Exness is not officially licensed to operate in India, its adherence to international regulatory standards and the range of protective measures it offers make it a viable option for Indian traders who comply with local trading laws.