Thursday, 17/07/2025 | 18:09 GMT by
Jared Kirui
- The company has not provided a public explanation or timeline for the restriction, leaving it unclear whether the move is temporary.
- Users accessing Exness from local IPs see the message: ‘Registrations in your region are unavailable.
Retail broker Exness has stopped onboarding new
clients in India, blocking access to account registration for users based in
the country. The change appears to have taken effect without an official explanation from the company.
Indian users attempting to access Exness from local IP
addresses are now redirected to a simplified login page with no signup option.
Attempts to create new accounts trigger a message indicating that registration
is not allowed from the region.
Registrations Not Available
Exness has not issued a public statement regarding the
restriction or its duration. India remains a key growth market for offshore
brokers, including Exness, which has operated locally via affiliates and
introducing brokers.
Concerns for IBs Managing Client Networks
“For many of you who’ve grown with the platform, this
change may raise concerns, especially for IBs managing active client networks,
Musaddaq Shabir, the Business Development Manager at Neex, commented.
“Having worked closely with Exness users, I understand the value you’ve created
and the trust you’ve built. However, in times like these, having a clear and
stable path forward is crucial.”
The broker has also not indicated whether the change is
temporary or permanent, and no additional information was available on whether
similar measures would apply in other restricted markets.
Regulations in India
Interestingly, India’s securities regulator recently introduced a new payment verification system aimed at protecting retail investors from unauthorized brokers. The Securities and Exchange Board of India (SEBI) mandated that all registered intermediaries adopt a standardized UPI
payment handle ending with “@valid” by October.
Read more: Exness Connect: Inaugural Global Summit Unites 350+ Partners for Stronger Bonds
The system will reportedly feature a green triangle with a thumbs-up
icon, confirming the recipient’s registration status during fund transfers. The
initiative is designed to curb the rise of unregistered entities operating in
the financial markets and enhance trust in digital transactions involving
brokers, mutual funds, and other licensed intermediaries.
The forex market remains highly regulated in India. In
recent years, India’s two major stock exchanges, the National Stock Exchange
(NSE) and the Bombay Stock Exchange (BSE), have issued warnings to investors about unregulated derivative products such as contracts for difference (CFDs)
and binary options, which are not permitted for trading under local
regulations.
Retail broker Exness has stopped onboarding new
clients in India, blocking access to account registration for users based in
the country. The change appears to have taken effect without an official explanation from the company.
Indian users attempting to access Exness from local IP
addresses are now redirected to a simplified login page with no signup option.
Attempts to create new accounts trigger a message indicating that registration
is not allowed from the region.
Registrations Not Available
Exness has not issued a public statement regarding the
restriction or its duration. India remains a key growth market for offshore
brokers, including Exness, which has operated locally via affiliates and
introducing brokers.
Concerns for IBs Managing Client Networks
“For many of you who’ve grown with the platform, this
change may raise concerns, especially for IBs managing active client networks,
Musaddaq Shabir, the Business Development Manager at Neex, commented.
“Having worked closely with Exness users, I understand the value you’ve created
and the trust you’ve built. However, in times like these, having a clear and
stable path forward is crucial.”
The broker has also not indicated whether the change is
temporary or permanent, and no additional information was available on whether
similar measures would apply in other restricted markets.
Regulations in India
Interestingly, India’s securities regulator recently introduced a new payment verification system aimed at protecting retail investors from unauthorized brokers. The Securities and Exchange Board of India (SEBI) mandated that all registered intermediaries adopt a standardized UPI
payment handle ending with “@valid” by October.
Read more: Exness Connect: Inaugural Global Summit Unites 350+ Partners for Stronger Bonds
The system will reportedly feature a green triangle with a thumbs-up
icon, confirming the recipient’s registration status during fund transfers. The
initiative is designed to curb the rise of unregistered entities operating in
the financial markets and enhance trust in digital transactions involving
brokers, mutual funds, and other licensed intermediaries.
The forex market remains highly regulated in India. In
recent years, India’s two major stock exchanges, the National Stock Exchange
(NSE) and the Bombay Stock Exchange (BSE), have issued warnings to investors about unregulated derivative products such as contracts for difference (CFDs)
and binary options, which are not permitted for trading under local
regulations.
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Jared is an experienced financial journalist passionate about all things forex and CFDs.
- 2083 Articles
- 41 Followers
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FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
FMAS:25 | Linton White, ATFX Africa | Africa’s Online Trading: Future Opportunities & Key Challenges
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