Is exness trader safe for Canadians

**Exness Trader** is *regulated*, but **not by any Canadian authority (CIRO/IIROC)**. If you open an account, you’ll fall under its offshore entities in Seychelles or Mauritius, or – less commonly – its ASIC-licensed arm in Australia. That means **no Canadian investor-protection fund coverage, no local dispute-resolution channel, and limited recourse if something goes wrong**. For Canadians who want the highest level of regulatory safety, a CIRO-member broker (e.g., FOREX.com Canada, OANDA Canada, CMC Markets, IBKR Canada) is the safer route. 🛡️🇨🇦

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## How Exness Trader is regulated

| Exness Trader legal entity | Regulator | Licence No. | Typical client region | Tier (industry view) |
|---------------------------|-----------|-------------|-----------------------|----------------------|
| Exness (SC) Ltd | FSA Seychelles | SD025 | Global (ex-AU) | Lower-mid |
| Exness (MU) Ltd | FSC Mauritius | GB23202672 | Global (ex-AU) | Lower-mid |
| Exness (Cy) Ltd | CySEC | 178/12 | EU residents | Mid |
| Exness (UK) Ltd | FCA | 616154 | UK residents | Mid |

Source: Exness regulatory disclosure

*If you sign up from Canada, the onboarding flow usually routes you to the Seychelles or Mauritius entity (high leverage, looser rules).*