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

edit

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][5][6][7] In 2017, company pursued endorsement agreement with Real Madrid star Cristiano Ronaldo.[8][9][10][11][12] In 2024, Exness further increased its visibility through a sponsorship agreement with Spain's La Liga.[13][14][15][16][17][18][19][20]

Operations

edit

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

edit

Exness operates under several regulatory bodies, ensuring compliances with international financial regulations. These include the Cyprus Securities and Exchange Commission (CySEC)[21] , the Financial Conduct Authority (FCA) in the United Kingdom[22] , and the Financial Sector Conduct Authority (FSCA) in South Africa[23] The company is also licensed by regulatory authorities in Seychelles,[24] Curacao,[25] and other jurisdictions.[26]

Corporate Social Responsibility (CSR)

edit

Exness has actively contributed to the communities where it operates, particularly in Cyprus.[27] During the COVID-19 pandemic, the company donated over 1 million euro[28] to local relief efforts[29] and supported other causes, such as environmental initiatives[30] and educational[31] programs.[32]

Controversies

edit

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

edit
  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. ^ Kennedy, Mike (November 30th, 2015). "Red Bull Racing extend with Exness". sportspro.com. Retrieved December 4th. 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  5. ^ 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
  6. ^ Rajagopal, Uma (October 16th, 2015). "EXNESS TO BECOME TEAM PARTNER WITH INFINITI RED BULL RACING FORMULA ONE TEAM". globalbankingandfinance.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  7. ^ Sangouard, Elodie (December 18th, 2015). "Red Bull Racing prolonge avec Exness". sportstrategies.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  8. ^ 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
  9. ^ Griffin, Donal (September 21st, 2017). "Ronaldo Is Hawking One of the World's Riskiest Derivatives". Bloomberg. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  10. ^ Dudley, George (August 3rd, 2017). "Exness signs Cristiano Ronaldo". sportspro.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  11. ^ Kirilova, Valentina (August 2nd, 2017). "Forex Sports Sponsorship: Exness announces official partnership with Cristiano Ronaldo". leaprate.com. Retrieved December 4th 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  12. ^ Ciolli, Joe (September 21, 2017). "Soccer superstar Cristiano Ronaldo is peddling an extremely risky and controversial investing product". businessinsider.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= (help)
  13. ^ Nota de Prensa, Nota de Prensa (April 10th, 2024). "Exness strengthens Latin American footprint through strategic partnership with LALIGA". laliga.com. {{cite web}}: Check date values in: |date= (help)
  14. ^ Donaldson, Alex (April 8th, 2024). "LaLiga announces Exness tie-up". sportcal.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  15. ^ Williams, Callum (April 10th, 2024). "Exness strikes deal with La Liga to explore new LatAm commercial avenues". insidersport.com. Retrieved December 4th, 2024. {{cite web}}: Check date values in: |access-date= and |date= (help)
  16. ^ 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
  17. ^ Por Redacción, Por Redacción (October 16th, 2024). "Exness y LaLiga: un match estratégico en América Latina". EL FINANCIERO. {{cite web}}: Check date values in: |date= (help)
  18. ^ "Exness y LaLiga: Una unión innovadora entre el fútbol y el trading responsable | Goal.com Espana". www.goal.com (in Spanish). 2024-10-07. Retrieved 2024-12-04.
  19. ^ Steves, Rick (April 8th, 2024). "Exness becomes the official LATAM partner of Spain's LALIGA". financefeeds.com. {{cite web}}: Check date values in: |date= (help)
  20. ^ McCabe, Megan (October 1st, 2024). "Exness showcases LaLiga partnership with immersive event". Financial Promoter. {{cite web}}: Check date values in: |date= (help)
  21. ^ 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
  22. ^ https://register.fca.org.uk/s/firm?id=001b000003587sXAAQ Title: Exness License, Publisher: Financial Conduct Authority (FCA), Access Date: 11/20/2024
  23. ^ https://www.fsca.co.za/MagicScripts/mgrqispi.dll Title: Exness License, Publisher: Financial Sector Conduct Authority (FSCA), Access Date: 11/20/2024
  24. ^ https://fsaseychelles.sc/search-business/exness-sc-ltd Title: Exness License, Publisher: Financial Services Authority Seychelles, Access Date: 11/20/2024
  25. ^ 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
  26. ^ https://www.exness.com/regulation/ Title: Exness regulations, Publisher: Exness, Access date: 11/20/2024
  27. ^ 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
  28. ^ 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
  29. ^ 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
  30. ^ 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
  31. ^ 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
  32. ^ 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