Oct 27 2021 0
What forex regulations does Exness broker have? Traders often ask this question because they often hear about Exness regulations as extremely reputable and respected in the forex market. So let's see what regulations that Exness has acquired over the years to see why people put Exness so high on every ranking.
All of Exness regulations
Below are all of the forex regulations that Exness currently has and the entities that are licensed under them.
The FCA regulation of Exness
FCA is an acronym for Financial Conduct Authority. It is the governing body for the conduct of more than 58,000 financial services businesses in the UK. Its primary goals are to protect consumers, enhance market integrity, and promote fair competition in the financial services sector for everyone, from individuals to small businesses to multinational companies.
Under the Financial Markets and Services Act 2000, any company that conducts regulated financial activities in the UK must be authorized and registered by the FCA, including anyone from banks to the insurance company.
While the FCA works directly with the HM Treasury and is accountable to them as well as to parliament, it remains an independent public agency funded entirely by the fees it charges to companies that it stipulates. The registry and application process for FCA regulation is extremely thorough, so you can be sure that the businesses that are granted the regulation are legitimate, trustworthy and honest.
Exness has an Exness UK entity that is regulated by the FCA. The Exness regulation of this entity has the license number 730729.
The CySEC regulation of Exness
CySEC stands for Cyprus Securities and Exchange Commission and is the financial regulator or agency of Cyprus. As Cyprus is part of the European Union (EU), CySEC is required to comply with regulatory standards set forth as part of the Markets in Financial Instruments Directive (MiFID). MiFID is a law established by the European Securities and Markets Authority (ESMA) to standardize investment services across the member states of the European Union. These laws ensure that forex brokers provide investment services that are transparent with their practices and thus protect their clients' investments.
As a trader, choosing a CySEC regulated forex broker means two things to you:
- Forex brokers under the monitoring of CySEC can offer their financial services to all traders across the EU
- Your forex broker is subject to some of the most stringent financial regulatory requirements
In short, if you are in the European Union, a CySEC regulated forex broker can legally provide their financial services to you and you can be sure that the broker is safe to trade with. translate and can be trusted.
Exness has an Exness CY entity that is regulated by CySEC. The Exness regulation of this entity has the license number 178/12.
The FSCA regulation of Exness
FSCA (Financial Sector Regulatory Authority) is the market behavior regulator for financial institutions in South Africa providing financial products and financial services, including banks, companies insurance and other non-banking financial institutions.
Existing Non-Banking Financial Markets Authority (FSB) was given the role of Market Regulator, giving oversight to both banking and non-banking financial institutions, banks providing financial products and services licensed under RSA financial sector legislation including Banks, Insurance Companies & Capital Markets. The FSB was renamed FSCA to assume the role of the Market Regulator and the Reserve Bank was assigned the mandate of the Prudential Authority.
In South Africa, all CFDs activities including Forex Trading are considered derivatives & non-bank financial products and are regulated by the FSCA and all providers are required to be registered under the Financial Providers List. main (FSP) of the FSCA.
Forex & CFD brokers are authorized by the FSCA, must have a local office and have a local director. Regulated forex brokers must also comply with all FSCA guidelines, which ensures the safety of South African investors in the event of any bad activity by the regulated forex broker.
For forex brokers, being regulated by the FSCA will bring more benefits. The license from the FSCA gives credibility to the forex brokers, thus ensuring a larger market share. Additionally, being managed makes it easy to use a local bank account to make transactions in local currency.
Exness has an entity Vlerizo (Pty) Ltd that is regulated by the FSCA. The Exness regulation of this entity has the license number 51024.
Other Exness regulations
In addition to the 3 main regulations above, Exness also has other mid-tier regulations including:
- The Nymstar Limited entity is regulated by the Seychelles Financial Services Authority (FSA). The Exness regulation of this entity has the license number SD025.
- Exness entity B.V. is regulated by Central Banks in Curaçao and Sint Maarten. The Exness regulation of this entity has the license number 0003LSI.
- The Venico Capital Limited entity is regulated by the Financial Services Commission (FSC) in the BVI. The Exness regulation of this entity has the license number 2032226 and SIBA/L/20/1133.
- The Tortelo Limited entity is regulated by the Financial Services Commission (FSC) in the island nation of Mauritius. The Exness regulation of this entity has the license number 176967 and GB20025294.
Above is a summary of the Exness regulations in the forex market, which also proves that Exness is a reliable, transparent and safe forex platform for everyone to choose to invest and trade all over the world.