However, there's a catch for Indian users.
Exness is not licensed by SEBI (Securities and Exchange Board of India) or RBI (Reserve Bank of India). This means the broker is not officially regulated to operate in India. So while Indian residents can technically open and use an Exness account, it comes with certain caveats.
India’s Foreign Exchange Management Act (FEMA) restricts how citizens can invest and transfer money overseas. Because Exness isn’t approved under these regulations, trading on the platform may be considered a legal grey area.
In fact, in 2022, the RBI flagged Exness, listing it among platforms that aren’t authorized to handle foreign exchange trading in India. This move doesn’t block access, but it does raise red flags for cautious investors.
Still, the broker’s features remain attractive:
- Fast and easy withdrawals, even on weekends
- Negative balance protection
- Robust trading platforms: MT4, MT5, and the Exness Terminal
- Added client fund protection through the Financial Commission
The bottom line?
Exness is a legit and licensed broker — just not in India. Indian traders can still use it, but should do so with a full understanding of the legal landscape and possible risks. Always consult a financial advisor if in doubt.