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