Exness is a forex and CFD broker founded in 2008. It holds international licences with CySEC (Cyprus), the FCA (United Kingdom) and the FSCA (South Africa), and runs MetaTrader 4, MetaTrader 5 and its own Exness Terminal. For Asian Muslim traders the notable point is that Exness automatically applies swap-free (Islamic) conditions for clients in many Islamic countries, including Indonesia and Malaysia. Trading carries high risk; verify the entity that serves your country before depositing.
Regulation & safety of funds
Exness operates through separately licensed entities authorised by CySEC, the FCA and the FSCA. These are real, searchable regulators, and the entity that actually serves you depends on your country of residence rather than the brand name alone. In most Asian markets Exness is not locally licensed — it is offshore-regulated from the perspective of Indonesia, Malaysia or the Philippines.
Because protections — client-money segregation, compensation schemes, complaint rights — differ between regulators, the licence that matters is the one named on your account agreement. Before depositing, find the legal entity in your agreement and confirm it on that regulator's public register. In markets where retail forex is restricted (such as India), no international Exness licence makes local trading lawful.
Swap-free (Islamic) conditions
Exness states that it applies swap-free conditions automatically for clients in a list of Islamic countries, which has historically included Indonesia and Malaysia. That removes overnight interest (swap), the core riba objection under Sharia. As always, confirm the current terms for the specific entity that serves you, whether all instruments are covered, and whether any administration fee applies on long-held positions — a genuine swap-free account should not re-introduce interest under another label.
Platforms
Exness supports MetaTrader 4, MetaTrader 5 and its own Exness Terminal (a browser-based platform). MT4 remains the long-standing forex standard, favoured by traders who rely on automated strategies; MT5 adds more timeframes and order types; Exness Terminal lets you trade without installing software. Test whichever fits how you trade on a demo account first, and choose on workflow rather than the longest feature list.
Pros & cons
Pros
- Multi-regulated (CySEC, FCA, FSCA) — verifiable on public registers.
- Swap-free conditions applied automatically for many Islamic countries, including Indonesia and Malaysia.
- MT4, MT5 and the browser-based Exness Terminal.
- Operating since 2008.
Cons
- Not locally licensed in most Asian markets — your protection comes from the offshore entity.
- We have not completed a hands-on review, so we publish no spreads, minimums or ratings.
- Never lawful for Indian residents to fund for offshore margin forex (FEMA).
Frequently asked questions
Is Exness regulated?
Exness holds licences with CySEC, the FCA and the FSCA through separate entities. Confirm the specific entity that serves your country on the relevant regulator's public register before depositing. It is not locally licensed in most Asian markets.
Does Exness offer a swap-free Islamic account?
Exness applies swap-free conditions automatically for clients in many Islamic countries, historically including Indonesia and Malaysia. Confirm the current terms and whether all instruments are covered for the entity that serves you before relying on it.