FCA and CySEC licensed FX broker Exness has just announced that it has decided to close its retail business in EU/EEA including the UK. The broker will now focus on other markets and grow its B2B operations.
As stated on Exness’ official website today: “As a company which values all of our clients, we realise this may be disappointing and we apologise for any inconvenience. If you are interested in speaking to us about our B2B offering, please email [email protected].”
David Morris, CEO London, commented on the news:
In light of the ever-changing regulatory landscape and the stringent changes enforced on the industry, moving into the B2B sector seems like the most natural next step in Europe. It’s the best way to tap into new markets and acquire new partners to help us propel the business forward.
LeapRate reminds that just last month, the broker has teamed up with Sumsub for fraud protection assistance and globally inclusive AML compliance.
Exness‘ international coverage required an automated KYC solution suitable for multiple-country use, this is why, in order to achieve the necessary level of compliance and fight off increasing identity fraud, the company has teamed up with Sumsub – a single solution for all things compliance and user onboarding.