de | cn | ru

Market News

EXNESS Shifts from New Zealand to Saint Vincent and the Grenadines

EXNESS, the global group of Forex brokers, announced today the establishment of a new company based in Saint Vincent and the Grenadines. The new company, EXNESS Limited is a part of the EXNESS Group from April 1, 2014 and it is from that date that it becomes a contractor of EXNESS Limited (NZ). This means that clients of the New Zealand's company will be transferred to the new business.

 
If you are amid the clients of the New Zealand's business, do not panic – the transfer will be automatic and if you have any questions, the support team of the group will be there to help. 
 
Of course, you must be interested for the motives for such a change. After all, we've seen the opposite movements by Forex brokers over the past year – for instance, XM obtained a registration as a Financial Services Provider in New Zealand in August 2013. The country has been a rather welcoming place for the Forex sector. But that does not happen due to loose regulations: on the contrary, the country boasts one of the most stringent requirements for companies willing to offer investment services. You may recall that early in 2013 measures took effect that require all Forex brokers operating in New Zealand to have physical premises in the country. More tough rules are in the pipeline, as effective today the Financial Markets Authority assumes more powers and introduces new types of licenses. 
 
You may wonder why we dedicated so much text to New Zealand's financial sector regulations. Well, that's because EXNESS blames the transfer of its business on upcoming regulatory changes that will prevent it from offering the trading conditions that it currently offers to its clients. 
 
There is a point about the broker sticking to its trading terms: after all, it's EXNESS's reputation that is at stake if the conditions go unfavourable for clients. And EXNESS has reiterated its devotion to offer some of the best such conditions – including a leverage of up to massive 1:2000. Earlier this year the broker further improved its offering thanks to a WebTrader platform.
 
Regarding the corporate structure, let's also mention that EXNESS has a business regulated in Cyprus and that this company started operating in the end of August 2013. 
 
 
 

About EXNESS

 
EXNESS is a global group of Forex brokers. The company offers services to MetaTrader 4 (MT4) traders. EXNESS prides itself on offering profitability, reliability and convenience to its clients.  Some of the perks of using EXNESS include minimum floating, leverage of up to 1:2000, minimal non-trading risks, flexible deposit and withdrawal options and competent customer support. From April 1, 2014, the clients of the New Zealand's business have been transferred to the new company registered in Saint Vincent and the Grenadines.
TAGS: exness  exness forex broker  forex regulation  forex market  new zealand forex  saint vincent and the grenadines  forex license  fsp  new forex company  forex trading  new zealand forex broker  offshore broker 

More news about Exness

Broker Country Regulation Platform Min Deposit Review
US CFTC, NFA MT4, Web,
in-house
$50 Review Website
US NFA, CFTC MT4 $250 Review Website
Cyprus, UK, Mauritius CySec, FCA, IFSC MT4, MT5, Web $10 Review Website
Cyprus, Australia CySec, ASIC MT4, Web,
Mobile app
$100 Review Website
Australia, Cyprus ASIC MT4, MT5,
IRESSTrader
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA MT4, Trading
Station,
NinjaTrader
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
Markets,
cTrader
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Cyprus, UK, South Africa, UAE CySec, FCA, FSCA, DFSA MT4, MT5, Web $5 Review Website
Cyprus, UK CySEC, FCA MT4, MT5 $1 Review Website
Australia ASIC MT4, MT5 $100 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website
Australia, UK ASIC, FCA MT4, MT5,
cTrader
$200 Review Website

More Forex Market News

The FCA may push ISPs to take down misleading or unfair financial promotions

Jun 20 2019 15:09:20

The Financial Conduct Authority in the UK (FCA) is considering additional powers in respect of internet service providers (ISPs). In its first annual perimeter report, the FCA says it might push ISPs to take down misleading or unfair financial promotions, in order to improve consumer protection. Read more

Spain’s CNMV blacklists unregulated brokers Financika and Hybrid Reserve

Jun 19 2019 13:00:47

  The latest editions to the warning list of Spain’s financial regulator, the CNMV, are unregulated brokers Financika and Hybrid Reserve. These entities are not authorized to provide investment services or investment advice in Spain, the CNMV said. Read more

Italian regulator orders unregulated brokers CryptoCapitalFX, OnlyTrades, and Nasdaq 500 to cease operations

Jun 17 2019 12:02:43

  Italian regulator Commissione Nazionale per le Societa e la Borsa (CONSOB) warned that CryptoCapitalFX, OnlyTrades, and Nasdaq 500 are not licensed to provide financial services in the country, and ordered them to cease operating in Italy.    Forexbroker. Read more

UK’s FCA warns of AGM Group and Sigma4Trade clone firms

Jun 13 2019 14:18:24

  The UK’s Financial Conduct Authority (FCA) has recently updated its warning list with AGM Group and Sigma4Trade – two forex brokers that falsely claim to operate under legit companies, licensed by the regulator. Read more

Ireland to ban binary options and restrict CFD trades permanently

Jun 12 2019 15:40:33

  The Central Bank of Ireland (CBI), which also serves as a financial services regulator, announced its plans to make ESMA’s product intervention measures permanent. Read more

Spanish regulator adds Olympus Markets and several other offshore brokers to its warning list

Jun 10 2019 13:21:05

  The Comision Nacional del Mercado de Valores (CNMV) has updated its warning list with the already Olympus Markets, as well as several other offshore brokers - TopTradepro, UBCFX and Profit Trade. Read more

The FCA flags GlobalArabFX and iForex24 as clone firms

Jun 06 2019 12:48:37

  UK's Financial Conduct Authority (FCA) has recently warned against two clones: GlobalArabFX and iForex24. Read more

ASIC updates warning list with MRT Markets, RIMarkets, and Golden Day Profit

Jun 03 2019 13:03:04

  The Australian Securities and Investment Commission (ASIC) has added forex brokers MRT Markets, RIMarkets, and Golden Day Profit its list of unlicensed companies illegally targeting local investors. Read more

UK’s FCA adds Key Markets and CFD Premium to its warning list

May 31 2019 07:50:24

  The Financial Conduct Authority (FCA) has recently updated its warning list with unregulated brokers Key Markets and CFD Premium on Thursday. According to the regulator, these brokers have been providing financial services or products in the UK without its authorization. Read more

CySEC proposes a tiered approach to leverage

May 30 2019 14:10:07

  The Cyprus Securities and Exchange Commission (CySEC) proposed a tiered risk-based approach to leverage as a permanent national measure for investor protection. Read more

de | cn | ru