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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 

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