Who Owns Exness?
Exness is a global forex broker founded by Petr Valov and Igor Lychagov in 2008. The company operates as a privately-held entity, combining expertise in information technology and finance to provide trading services worldwide. Exness offers a comprehensive range of financial instruments, including forex, commodities, indices, and cryptocurrencies.
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History of the Company
Exness was founded in 2008 by two visionaries, Petr Valov and Igor Lychagov, who combined their expertise in information technology and finance to create a modern and dynamic forex brokerage. Their goal was to offer traders a platform with better conditions, transparency, and access to global financial markets.
In its early years, Exness focused on providing forex trading services and quickly gained popularity due to its competitive trading conditions, including low spreads, fast execution, and superior customer support. The company steadily expanded its offerings to include a wider range of financial instruments, including commodities, indices, and cryptocurrencies.
Ownership Structure and Management
Exness was co-founded by Petr Valov and Igor Lychagov, who played pivotal roles in shaping the company’s direction from its inception in 2008. While the exact ownership structure of the company remains private, the co-founders retain significant influence within the firm. Exness operates as a privately-held company, with its founders still heavily involved in overseeing the company’s growth and strategic direction.
Ownership Structure
Though the company is privately owned, Exness operates under multiple regulated entities across different jurisdictions, reflecting a diversified corporate structure. Each entity is registered under the specific regulatory body of its region. For example:
- Exness (SC) Ltd in Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
- Exness (UK) Ltd, authorized by the Financial Conduct Authority (FCA) in the UK.
- Exness B.V. in Curaçao, regulated by the Central Bank of Curaçao and Sint Maarten.
- Exness (Cy) Ltd, regulated by the Cyprus Securities and Exchange Commission (CySEC).
This multi-entity structure allows Exness to serve clients in various parts of the world while ensuring compliance with local laws and regulatory requirements.
Management Team
The company is run by a highly skilled management team, composed of professionals with backgrounds in finance, technology, and business operations. Petr Valov remains a key figure within the leadership team, continuing to influence the company’s direction, especially in the area of technological advancements. Other senior leaders include experienced executives who manage day-to-day operations, legal and compliance aspects, and the company’s continued global expansion.
Key Persons in Management
Exness is led by a team of highly experienced professionals from the finance and technology sectors, guiding the company’s global operations and strategic growth. While the complete executive team details are not always publicly disclosed, the company’s founders and senior management continue to play pivotal roles.
1. Petr Valov – Co-Founder and Key Leader
Petr Valov, one of the co-founders of Exness, remains an influential figure in the company’s strategic direction. His background in information technology has been instrumental in shaping Exness’ technological infrastructure, making it one of the most advanced in the retail forex industry. Valov’s leadership in driving innovation has contributed to the company’s continuous development, particularly in trading platforms and automation.
2. Igor Lychagov – Co-Founder
Igor Lychagov, the co-founder alongside Valov, brought financial expertise to Exness, helping establish its solid foundation as a global broker. Though he has stepped back from day-to-day management, Lychagov’s financial insights have significantly influenced the company’s early growth phases and long-term strategy.
3. Experienced Senior Executives
Exness also boasts a strong senior management team comprised of executives with vast experience in finance, risk management, legal, compliance, and technology. These individuals oversee different branches and departments, ensuring smooth operations across Exness’ global offices. While specific names are not always publicly highlighted, the team collectively ensures the firm’s adherence to its values of transparency, reliability, and technological advancement.
4. Global Leadership and Regional Directors
Exness has several regional offices, including key locations in Cyprus, the UK, Seychelles, and South Africa. These offices are led by regional directors and management teams who are responsible for overseeing operations, ensuring regulatory compliance, and managing client relationships in their respective regions.
Corporate Structure
Exness operates globally under different subsidiaries that hold licenses in various jurisdictions. For instance:
- Exness (SC) Ltd in Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
- Exness (UK) Ltd, authorized by the Financial Conduct Authority (FCA) in the UK.
- Exness B.V. in Curaçao, regulated by the Central Bank of Curaçao and Sint Maarten.
- Exness (VG) Ltd, authorized by the Financial Services Commission (FSC) in the British Virgin Islands.
Branches and Representative Offices
Exness has offices in Cyprus, the UK, Seychelles, South Africa, and several other global locations. Their headquarters are in Limassol, Cyprus, but they operate across regions.
Regulatory Status of Owners
The company operates under stringent regulatory requirements, being authorized by various financial authorities like the FCA (UK), CySEC (Cyprus), FSA (Seychelles), and more.
Business Transparency
Exness is committed to transparency, which is evident in its frequent audits by Deloitte, one of the Big Four auditing firms. This ensures that its operations, including trading volumes and financial health, meet international standards. Additionally, Exness offers clients independent verification of trading volumes and transactions.
Exness’ dedication to business transparency is evident through its independent audits, compliance with regulatory requirements, and proactive client protection measures. By openly sharing its trading volumes, financial health, and risk disclosures, Exness ensures a high level of trust and reliability, giving clients confidence in the company’s operations and business ethics.
