Exness, a brokerage company, announced the opening of a branch in Uruguay, showing its intention to cover the Latin American market.
The new Exness branch will house the broker's customer support department and will employ approximately 100 people by the end of the year.
Uruguay has a stable political and economic environment, which was important to the broker when deciding where to open a new office. Exness does not have Uruguayan regulatory approval at this time, but the broker does hold several international licenses to provide trading services in Latin America.
Exness is a broker that entered the Forex market in 2008 and now offers its services in over 130 countries worldwide. The company is licensed by many regulators, including FCA, CySEC, FSA, CBCS, FSC, FSCA, and CMA, and is a member of the Financial Commission, which provides insurance coverage of up to 20,000 euros per client in the event of force majeure.