Exness regulators and legal entities

Why the legal entity matters

A broker brand is usually a group of separate companies. Each company, called a legal entity, holds its own licence from a financial regulator in one country. When you open an account, you sign a contract with one of these companies, not with the brand as a whole.

The entity decides:

• which regulator supervises your account;
• which client agreement and rules apply to you;
• some trading conditions, such as maximum leverage and stop out rules;
• where you can complain if there is a dispute.

A strong licence held by one group company does not cover a client whose account sits with a different group company. When you read "exness FCA" or "exness CySEC" in an advert or forum, check which entity those licences belong to and whether that entity serves clients like you.

Regulators named by Exness

In its FAQ, Exness lists these regulators for the group: FSA Seychelles, CySEC*, FCA UK*, FSCA, CBCS, FSC BVI, FSC Mauritius, CMA Kenya, JSC, CMA UAE, FSC Belize.

The entries marked with an asterisk are the CySEC (Cyprus) and FCA (United Kingdom) entities. According to Exness, these do not offer trading services to retail clients.

The CMA in the UAE appears in that list, but we have no sourced entity details for it, so it is not in the table below.

Table of entities, regulators and licences

Notes for reading the table:

• FSA licence. The "exness FSA license" people search for is the Seychelles Financial Services Authority licence held by Exness (SC) Ltd. According to the Exness footer, this company operates the main website for jurisdictions outside the EEA.
• FCA and CySEC. These are held by the UK and Cyprus companies, which state that they do not offer services to retail clients.
• Mauritius. The company states that it does not currently provide retail services.

How to check a licence on the regulator's register

We do not link to outside sites. To confirm a licence yourself:

1. Open the official website of the regulator named in the table. Type the address yourself or use a search engine, and do not use links from adverts or messages.
2. Find its public register of licensed firms.
3. Search by the company name or licence number exactly as shown above.
4. Compare the legal name, status and permitted activities with what the broker states.

Registers change, and licences can be varied, suspended or withdrawn. Our table shows what Exness states on its own pages at the time we checked. Always confirm the current status on the regulator's register and on the official Exness site.

Which entity is your account with

Exness gives a direct way to check this. Your entity is shown in the Personal Area footer.

To check:

1. Log in to the Personal Area through the official Exness website or app. See Login and Personal Area.
2. Scroll to the bottom of the page.
3. Read the footer text. It names the company your account is registered to.

Using the client agreement

The client agreement is your contract. Its first pages name the company you are dealing with, the regulator and the governing rules. The Exness (SC) Ltd client agreement we reviewed carries the label Version: 24 July 2026 /039.

If the company named in your Personal Area footer matches the company named in the agreement you accepted, that is your entity. If they differ, or you cannot tell, ask Customer support and keep a copy of the agreement. You can find more detail in our Client agreement guide.

Conditions that change with the entity

Some conditions depend on the entity:

• Leverage caps: Exness (KE) 1:400; Exness Limited Jordan 1:100. Leverage lets you open a position larger than your deposit, which makes gains and losses larger too. See Leverage.
• Stop out protection: offered on all accounts (not for KE/JO entities; may be unavailable with unlimited leverage). See Margin call and stop out.
• Negative balance protection: according to Exness, balance reset to 0 after stop out. See Negative balance protection.

None of these protections remove trading risk. Leveraged forex and CFD trading can lose your deposit quickly, often within a single fast market move.

What this means for traders in Pakistan

No entity in the table is licensed by a Pakistani regulator. Pakistani authorities have published warnings about offshore platforms in general:

• The Securities and Exchange Commission of Pakistan supervises this area: Securities and Exchange Commission of Pakistan (SECP), with trading in listed securities and commodities only via SECP-licensed securities and futures brokers.
• On offshore platforms, per the SECP, offshore forex/CFD platforms operate without regulatory approval in Pakistan.
• It also makes a point about offshore platforms: per the SECP, offshore platforms have no Pakistani licence or oversight and offer no legal protection or recourse.
• On payments, per the SBP, remitting foreign exchange to overseas forex/margin/CFD platforms is not allowed through any payment channel (FERA s.5(1)).
• On buying such products, per the SBP, the purchase of offshore forex/margin/CFD products by Pakistani residents violates section 4(1) of FERA 1947.

A foreign licence gives you whatever protection the foreign regulator and the foreign entity's rules provide. It does not give you a complaint route through Pakistani regulators.

Before you open any account, read Is Exness legal and Law and regulators. To check whether a broker holds a Pakistani licence, note that per the SECP, lists of licensed brokers are on the PSX and PMEX websites.

Countries the entities do not serve

According to Exness, the entities above do not offer services to residents of jurisdictions including USA, Canada, Iran, North Korea, Europe, the United Kingdom, Russia, Belarus, and others. If you move to a country Exness does not serve, the result is that you cannot trade.

For the full picture, see Restricted countries.

Related pages

• Regulation and Safety
• Is Exness safe
• What is Exness
• Verification
• Risk management

Frequently asked questions

Is Exness regulated by the FCA?

Exness (UK) Ltd holds FCA authorisation, as shown in the table. Exness states that this company does not offer services to retail clients.

Is Exness regulated by CySEC?

Exness (Cy) Ltd holds a CySEC licence, as shown in the table. Exness states that it does not offer services to retail clients.

What is the Exness FSA licence?

It is the licence of Exness (SC) Ltd from the Seychelles Financial Services Authority: Exness (SC) Ltd, regulated by FSA Seychelles, licence SD025, registration number 8423606-1.

How do I know which Exness company holds my account?

Look at the footer of your Personal Area. It names the entity your account is registered to. The client agreement you accepted should name the same company.

Does a foreign licence protect me in Pakistan?

Only under that foreign regulator's rules. Per the SECP, offshore platforms have no Pakistani licence or oversight, and investors using them have no legal protection or recourse in Pakistan.

Can I trust licence details I see in adverts or chats?

Treat them only as a starting point. Check the licence yourself on the regulator's official register and on the official Exness site. The SECP warns that illegal platforms are often promoted through messaging apps and social media.