Exness has been flagged by Financial Services Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Opened my account with Exness after a friend recommended them and regretted it within the first month. The platform crashed during a critical moment, I lost potential gains, and support basically told me it was not their problem. Absolutely unacceptable behavior.
Pros: Helpful community forum|Segregated accounts|Dividend tracking
Cons: Website design could be more modern|None so far
I requested my data from Exness under GDPR. They sent a partial export that was missing months of transactions. When I asked for the rest they said it was a technical issue. Still waiting. They do not take data rights seriously.
Pros: Market news feed|Regular platform improvements
Cons: Onboarding videos are outdated|Email notifications too frequent
I looked into Exness and found they appear in the regulatory warnings database. Financial Services Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.
Pros: Information is publicly available for verification
Cons: Flagged by international regulators|Due diligence required
Exness seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Instant funding|Dedicated account manager|Stable platform
Cons: No fractional shares|Alert system is basic
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Exness said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Responsive team|Dedicated account manager|No hidden fees|Good mobile app
Cons: Search feature is basic
Several red flags with Exness: (1) They promise unrealistically high returns, (2) They're not registered with Financial Services Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
I invested $10,000 with Exness after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Authority.
Cons: Lost entire investment|Reported to authorities|Unresponsive
The onboarding at Exness was smooth which makes the subsequent experience even more frustrating. Once they have your money, the quality of service drops dramatically. Getting anyone to help you with an actual problem is nearly impossible.
Pros: Easy to use platform|Good analytical tools|Fast execution
Cons: No integrated tax optimization
KYC with Exness is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Tax reports included|Social trading features|Responsive team|Full transparency
Cons: Desktop app not available on Linux|Minimum deposit could be lower
I invested $15,000 with Exness after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to Financial Services Authority.
Cons: No regulatory oversight|Money disappeared|Fake testimonials