Wed, Oct 26, 2016 | updated 12:36 AM IST

Exness announces FCA license, launches plans to expand in Europe

Updated: Sep 08, 2016 18:22 IST
London [United Kingdom], Sept. 8 (ANI-Business Wire India): Leading forex broker Exness is pleased to announce that its UK entity, Exness Europe Limited, has received regulatory approval from the Financial Conduct Authority (FCA), under Register number 730729.

With its newly acquired FCA license, Exness, an international broker whose main client base is currently in Asia, the Middle East and Africa is set on expanding its global reach in Europe.

"This is a very important milestone in the global expansion of the group and reinforces Exness' unwavering commitment to adhere by the highest international regulatory standards and to protect its clients' best interests," commented David Morris, CEO of Exness Europe Limited.

"There is currently an ever-growing scrutiny from regulators in the forex and CFD industry; Exness embraces this and sees it as fundamental to both the success and longevity of the industry," he added.

Exness Europe Limited is expected to launch its operations by the end of 2016, building on Exness' already-extensive client base, entering new regions, and providing the opportunity to new clients to benefit from its superior customer service, pricing, and technology. Beyond just B2C plans, Exness Europe Limited is also looking into B2B opportunities and will be working closely with other businesses that wish to leverage on Exness' first-class technology and systems.

In addition to the newly-acquired FCA license, Exness is authorized and regulated by CySEC, and complies with the standards of the European Markets in Financial Instruments Directive ( MiFID), ensuring financial transparency and effective client protection. Additionally, as a pioneer of the transparency advocacy in the forex market, Exness initiated the regular publication of, and continues to publish, third-party verified performance indicators and auditors reports on financial performance.

Exness Group is an international, award-winning retail forex broker founded by a group of like-minded finance and IT professionals in 2008. With a deep understanding of traders' needs, the modern forex company provides accessible, stable, and reliable brokerage services, boasting excellent execution and some of the tightest spreads in the market today.

As confirmed by Deloitte, Exness Group recorded a trading volume exceeding USD 2.3 trillion in 2015, with June setting its new monthly record at USD 232 billion. (ANI-Business Wire India)