Foreign exchange (forex) broker Exness, announced this Monday that it has decided to close its business in the European Union and European Economic Area – including the United Kingdom.
Exness is licensed in the EU through its two licenses granted by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). According to the statement released on the broker’s website today, the company is leaving its retail business to focus on its B2B offering.
“In light of an internal business decision to focus on other markets and grow our B2B operations, we have decided to close retail business in EU/EEA including the UK. As a company which values all of our clients, we realise this may be disappointing and we apologise for any inconvenience,” the company said on its website this Monday.