But when it comes to India, things are a bit more complicated.
Exness is not licensed or regulated in India. It does not hold approval from the Securities and Exchange Board of India (SEBI) or the Reserve Bank of India (RBI). As such, it is not officially permitted to offer financial services within the Indian jurisdiction.
Despite this, Indian citizens are still able to access the platform and trade. But it’s essential to understand the legal implications. According to the Foreign Exchange Management Act (FEMA), transferring funds to overseas trading accounts may violate Indian law if the broker is not approved locally.
In 2022, the RBI even issued a cautionary list that included Exness, warning users about platforms not authorized for currency exchange or trading in India. While this isn’t a direct ban, it clearly indicates that using such platforms involves certain regulatory risks.
Even so, Exness continues to attract users with features such as:
- Advanced trading tools via MetaTrader 4, MetaTrader 5, and its own trading terminal
- Quick and automated withdrawals at any time
- Negative balance protection
- Fund safety through the Financial Commission (up to €20,000)
Final word:
Exness may be a safe and reputable broker globally, but it doesn’t meet Indian regulatory requirements. If you’re in India and planning to trade through Exness, make sure you do your research, understand the risks, and follow legal guidelines to protect yourself.