Among users using Exness, Japanese traders should be concerned about one point. Is it because Exness is licensed by the Japanese Financial Services Agency? about it. This article also covers the reliability and safety of Exness.
Not licensed by the Japanese Financial Services Agency
Exness is not licensed by the Japanese Financial Services Agency. Japan’s Financial Services Agency warns against unauthorized companies. Perhaps Exness will also receive a warning in the near future. This may seem scary when you hear it, but there are several reasons as follows. This is because there is a problem with the service information provided. It turns out that there are quite a lot of hidden benefits for those who invest. For those who are doing overseas FX, the benefits will be lost.
The best feature of Exness is the unlimited leverage. However, even in Japan, if you want to get a financial license, you will be greatly restricted. From a trader’s point of view, this is not an advantage. Rather, it will lose its appeal, and you will run the risk of losing registered users.
Supports zero cut
As an advantage of Exness, even if you make a big loss, you will not be charged an additional deposit, and the trader will compensate for all the negative funds. In short, this means that there is no risk that the user will be in debt. Due to strict Japanese regulations, zero cut is not allowed. The current situation in Japan is that due to strong regulations, the degree of freedom of trading is narrowed and it is a disadvantageous condition for users.
Withdraw from Japan?
If Exness receives a warning from the Financial Services Agency, will Exness withdraw from Japan? It’s unlikely. The reason is that Exness is a company that has many Japanese traders, so withdrawal is only a risk. Currently, the operation in Japan is in a very gray state, so there is a high possibility that some kind of action will be taken.
Exness Acquisition License
So which country does Exness have a license for? Please refer to the article below.
List of financial licenses
Exness, being a global company and even having subsidiaries, holds a number of financial licenses. It can be said that it is a fairly reliable company because it has acquired a license in the UK, which is considered to be one of the most difficult to obtain. The FCA in the UK will be an organization that is modeled on the Japanese Financial Services Agency mentioned above. Therefore, it is said that it is extremely difficult to obtain a license.
|Exness (SC) Ltd||Seychelles Financial Services Authority (FSA)|
|Exness B.V.||Curacao and Sint Maarten Central Bank (CBCS)|
|Exness(VG) Ltd||British Virgin Islands Financial Services Commission (FSC)|
|Tortelo Limited||Mauritius Financial Services Commission (FSC)|
|Exness ZA(PTY) Ltd||South African Financial Industry Conduct Authority (FSCA)|
|Exness(Cy) Ltd||Cyprus Securities and Exchange Commission (CySEC)|
|Exness(UK) Ltd||UK Financial Conduct Authority (FCA)|
Cyprus Securities and Exchange Commission
Also, it is said that not only the UK but also the Cyprus Securities and Exchange Commission is very difficult to obtain among financial licenses. But Exness also has this license. The Cyprus Securities and Exchange Commission requires forex brokers to keep their funds segregated, thus ensuring the safety of traders’ funds. This should be of great benefit to traders.
Over 10 years of operation
Exness will be a company that can safely operate even after more than 10 years since its establishment. If this is a fraudulent company, it is likely that they change their company name frequently or move their bases many times, but Exness does not have that. In the first place, if it is a fraud company, it is difficult to run for more than 10 years. Therefore, the safety and reliability are very reliable. And not only that, there are so many registrants and it will become a globally recognized Forex company, so the possibility of going bankrupt in the future will be low.
Exness allows you to open a free account
Exness handles a wide variety of financial products, including foreign exchange margin trading, as well as virtual currencies, precious metals, energy, stocks, stock indexes, and more. Automated trading (EA) is also possible, and scalping is also possible. There are no bonuses or campaigns, but the loss cut is 0%, and the margin maintenance rate can be maintained to the limit. Please note that some residents may not be able to register.