Is Exinity Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with Exinity try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether Exinity is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker Exinity
Exinity is an international Forex broker that has been providing services since 1998. It offers its clients access to trading currency pairs, CFDs on stocks, commodities, and indices with leverage. Exinity also supports trading in real shares of global companies. The broker allows any style of trading, allows you to trade without swaps, and provides tools for risk management. The company’s activities are regulated by the supervisory authorities of the Republic of Mauritius (FSC, C113012295) and the United Arab Emirates (FSRA, 200015). The broker is also a member of the Financial Commission.
| 💰 Account currency: | USD, AED |
|---|---|
| 🚀 Minimum deposit: | from 20 USD |
| ⚖️ Leverage: | Up to 1:2000 (for retail traders), and up to 1:500 (for professional clients) |
| 💱 Spread: | Standard accounts, from 0.7 pips;ECN, from 0.1 pips |
| 🔧 Instruments: | CFD on currencies, stocks, metals, energy products, commodities, indices; actual stock |
| 💹 Margin Call / Stop Out: | 100%/50% |
Pros and cons of Exinity
👍 Advantages of trading with Exinity:
•Regulated in two jurisdictions and has long experience in financial markets.
•Start trading using a standard account after making a deposit of 20 USD.
•High leverage on major currency pairs on all account types.
•Access to trading through MetaTrader mobile and desktop terminals.
•No non-trading commissions (for deposits/withdrawals, software, and account maintenance).
•Availability of a referral program and investment solutions for passive income.
•Tight spreads on all types of accounts, including standard accounts.
👎 Disadvantages of Exinity:
•Traders cannot trade on cent accounts.
•There are no cryptocurrencies in the list of assets available for trading.
•To invest in PAMM accounts, additional registration with partner brokers is required.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
-
A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
-
In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
-
A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is Exinity Regulated? Broker’s license
Security (Protection for Investors)
Exinity is a trademark of the Exinity Limited group, whose subsidiaries are Alpari International and FXTM (Forex Time). Exinity Limited is regulated by two commissions: the Financial Services Commission of Mauritius (License No. C113012295) and the Financial Services Regulatory Authority of the UAE (Financial Services Authorization No. 200015).
Also, the group of companies is a member of The Financial Commission, so the deposits of all Exinity Limited clients are subject to the commission’s protection scheme. According to its terms, each trader receives up to €20,000 from the Compensation Fund in case of the financial insolvency of the broker.
👍 Advantages
- Client deposits are held in segregated bank accounts rather than internal Exinity accounts
- Mauritius and Abu Dhabi regulators allow high leverage and electronic payment systems
👎 Disadvantages
- Long and complicated refund procedure from the Compensation Fund
- Logging into the user account is carried out using a login and password without using two-factor authentication
- Negative balance protection only applies to professional clients
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by Exinity, which you can see below.
On non-professional accounts (Exinity World and Exinity Trader), the broker holds floating spreads as a fee for trading. The minimum value for the EUR/USD pair is 0.7 pips. Trader Pro is an ECN account for professionals where spreads start from 0.1 pips. In addition, its owners pay commission per lot when trading currency pairs and metals: MT4 charges $4 when opening a trade, MT5 charges $2 when opening trade, and $2 when closing it. There are no additional fees for all other types of CFDs. Exinity does not charge non-trading fees.
| Account type | Spread (minimum value) | Withdrawal commission |
| Exinity World | from $7 | No |
| Exinity Trader | От $7 | No |
| Exinity Trader Pro | От $1 | No |
Brokers that are similar to Exinity
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of Exinity conditions with its closest competitors.
Comparison of Exinity with other Brokers
| Exinity | RoboForex | Pocket Option | Exness | FBS | Octa | |
|---|---|---|---|---|---|---|
Trading platform |
MetaTrader4, MetaTrader5 |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MobileTrading |
MetaTrader4, MetaTrader5 |
Min deposit |
$20 |
$10 |
$5 |
$10 |
$1 |
$25 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
No |
Spread |
From 0.1 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0.2 points |
From 0.6 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
$5 |
No |
Cent accounts |
No |
Yes |
No |
No |
Yes |
No |
Exinity is a multi-regulated broker that provides a comfortable trading environment for active traders and passive investors with any experience in financial instruments.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
FBS is a broker for those who appreciate a variety of trading instruments and prompt support. The company is suitable for both beginners and experienced traders working on PCs and smartphones.
The Octa broker has tried to adapt its conditions as much as possible to the various trading strategies used by traders. However, at the moment the company is more focused on active market participants, rather than passive investors.
Conclusions
Exinity is a quite reliable broker for trading. Exinity operates on the license of a reliable jurisdiction and its operation is regularly monitored. However, the company does not offer the best trading conditions compared to competitors. You can choose this broker and not worry about the safety of your funds, but there are better options in terms of trading conditions.
- Is OANDA Regulated? Is it safe?
- Is IronFX Regulated? Is it safe?
- Is ActivTrades Regulated? Is it safe?
- Is IG Markets Regulated? Is it safe?
- Is ATFX Regulated? Is it safe?
- Is Saxo Bank Regulated? Is it safe?
- Is Fullerton Markets Regulated? Is it safe?
- Is HYCM Regulated? Is it safe?
- Is 1Market Regulated? Is it safe?
- Is ZFX Broker Regulated? Is it safe?
- Is Trading 212 Regulated? Is it safe?
- Is Vantage FX Regulated? Is it safe?
- Is Core Liquidity Markets Regulated? Is it safe?
- Is TopstepTrader Regulated? Is it safe?
- Is EGM Securities Regulated? Is it safe?
- Is FIBO Group Regulated? Is it safe?
- Is XTrend Speed Regulated? Is it safe?
- Is SmartFX Regulated? Is it safe?
- Is Hantec Markets Regulated? Is it safe?
- Is GO Markets Regulated? Is it safe?
- Is Switch Markets Regulated? Is it safe?
- Is Self Bank Regulated? Is it safe?
- Is TitanFX Regulated? Is it safe?
- Is Deriv Regulated? Is it safe?
- Is ClickTrades Regulated? Is it safe?
- Is CMTrading Regulated? Is it safe?
- Is Orbex Regulated? Is it safe?
- Is Fortrade Regulated? Is it safe?
- Is eXcentral Regulated? Is it safe?
- Is FXCM Regulated? Is it safe?
FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.