Exness is a Cyprus-based brokerage firm offering trading in forex, commodities, cryptocurrencies, stocks, and indices. Founded in 2008, it has grown into a global leader with over 800,000 active traders and a trading volume exceeding $4 trillion as of 2023. Its platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the proprietary Exness Terminal, prioritize fast execution, low spreads, and client-focused services. Exness’s global presence spans over 150 countries, supported by regulatory oversight from bodies like CySEC, FCA, and FSCA, ensuring secure funds and high standards.

Why Ownership Matters

Understanding who owns Exness provides insight into its strategic direction, commitment to transparency, and focus on client interests. The company’s private ownership structure allows flexibility in delivering innovative solutions while maintaining stability and compliance.

History of Exness

Exness was founded in 2008 by a group of professionals aiming to create a transparent and technologically advanced brokerage firm. Headquartered in Limassol, Cyprus, the company quickly gained traction by offering low spreads, instant withdrawals, and reliable execution. By 2013, Exness achieved a trading volume of $1 trillion, and by 2020, it became the first non-Japanese broker to consistently surpass this monthly figure.

Why Ownership Matters

Key Milestones

  • 2013: Established operations in Cyprus, a financial hub, under CySEC regulation.
  • 2016: Secured an FCA license, expanding its European presence under David Morris’s leadership.
  • 2023: Reached over 800,000 active clients and $4 trillion in trading volume, solidifying its position as a market leader.

Founding Vision

The founders, led by Petr Valov, believed in building a brokerage that prioritized ethical trading practices and client fund protection. Their focus on proprietary algorithms and advanced technology set Exness apart in a competitive industry.

Ownership Structure of Exness

Exness operates as a privately held company, which allows it to focus on long-term vision rather than short-term shareholder demands. While exact ownership details are private, Petr Valov, the co-founder and CEO, is a key figure and likely a major stakeholder. Other co-founders, such as Igor Lychagov, and key executives like Alexey Nasonov may also hold significant shares, supported by private investors. This structure ensures flexibility in decision-making and a focus on innovation and performance.

Ownership Structure of Exness

Private Ownership Benefits

  • Flexibility: Exness can prioritize client needs and long-term goals over public market pressures.
  • Innovation: Reinvesting profits into proprietary algorithms and platforms like the Exness Terminal.
  • Stability: A private model supports consistent growth and client fund protection.

Challenges of Private Ownership

  • Limited Transparency: Ownership details are not publicly disclosed, leading to speculation.
  • Regulatory Scrutiny: Exness must maintain strict compliance with regulatory bodies to uphold its reputation.

The Founders of Exness

Exness was founded by Petr Valov and Igor Lychagov, professionals with expertise in finance and technology. Their vision was to create a brokerage firm that combined cutting-edge technology with ethical practices, reshaping the forex industry.

Petr Valov

Petr Valov, a software developer with a background in IT and programming, founded Exness in 2008. As CEO, he has been instrumental in developing the company’s proprietary algorithms, ensuring fast execution and stable pricing. Valov’s vision extends beyond trading, aiming to position Cyprus as a global tech hub, similar to Silicon Valley. His commitment to transparency and innovation has driven Exness’s success, earning awards like “Best Retail FX Broker” in 2024.

Igor Lychagov

Igor Lychagov brought financial acumen to Exness, focusing on risk management and client-centric services. His contributions helped establish Exness’s strong reputation for secure funds and reliable operations.

Current Leadership Team

Exness’s leadership team combines expertise in finance, technology, and regulatory compliance to drive its global operations. Key figures include:

Petr Valov (CEO)

Valov oversees Exness’s strategic direction, focusing on advanced technology and ethical trading practices. His leadership has expanded Exness’s global presence and reinforced its commitment to client interests.

David Morris (CEO, Exness Europe Limited)

David Morris, appointed in 2016, leads Exness’s UK operations under FCA regulation. With experience in trading and risk management, Morris ensures compliance and strengthens Exness’s European market position.

Other Key Executives

  • Alexey Nasonov (Chairman): Provides strategic oversight with over 20 years in finance.
  • Damian Bunce (COO): Manages daily operations, ensuring efficient execution services.
  • Peter Tatarnikov (CEO, Exness Cyprus): Oversees European operations and regulatory compliance.
Current Leadership Team

Regulatory Compliance and Client Fund Protection

Exness operates under strict regulatory oversight from multiple bodies, ensuring client fund protection and ethical practices:

  • CySEC (Cyprus): Regulates Exness (Cy) Ltd, ensuring transparency and security.
  • FCA (UK): Oversees Exness Europe Limited, reinforcing high standards.
  • FSCA (South Africa): Licenses Exness ZA (PTY) Ltd, expanding its African presence.

These regulations require Exness to segregate client funds, provide transparent pricing, and adhere to strict operational guidelines, building trust among traders.

Regulatory bodies likely have access to ownership details, but this information remains confidential to protect stakeholders. Exness’s compliance strengthens its reputation as a secure brokerage firm.

Exness’s Business Model and Competitive Edge

Exness’s Business Model and Competitive Edge

Exness’s business model focuses on delivering superior trading conditions through advanced technology and client-focused services. Key features include:

  • Low Spreads: Starting from 0.0 pips on Raw Spread and Zero accounts.
  • Fast Execution: Trades executed in milliseconds using proprietary algorithms.
  • Instant Withdrawals: Clients can access funds anytime, even on weekends.
  • Multi-Asset Platforms: Trade forex, cryptocurrencies, stocks, and more on MT4, MT5, or the Exness Terminal.

Exness serves over 800,000 retail traders and 64,000 partners across 150+ countries. Its global presence and multilingual support make it accessible to diverse clients.

Compared to brokers like XM and eToro, Exness stands out for its low fees, high leverage (up to 1:2000), and proprietary platforms. Awards like “Best Trading Conditions 2024” highlight its market leadership.

Practical Steps to Engage with Exness

For traders looking to join Exness, here’s a practical guide to get started and leverage its platforms:

Step 1: Create an Exness Account

  1. Visit the Exness website and sign up with your details.
  2. Verify your identity to comply with regulatory requirements.
  3. Choose an account type (Standard, Pro, Raw Spread, or Zero) based on your trading needs.

Step 2: Fund Your Account

  1. Deposit funds using bank cards, e-wallets, or crypto.
  2. Use a demo account to practice trading without risk.
  3. Set up MT4, MT5, or the Exness Terminal for trading.

Step 3: Start Trading

  1. Analyze markets using tools like moving averages or RSI on the Exness Terminal or third-party platforms like TradingView.
  2. Place trades with defined stop loss and take profit levels for risk management.
  3. Monitor performance and adjust strategies based on market trends.

Step 4: Leverage Partnerships

Exness offers a partnership program for introducing brokers and affiliates. Join to earn commissions by referring new clients, enhancing your income potential.

Impact of Ownership on Exness’s Success

Exness’s private ownership, led by Petr Valov, has driven its focus on innovation and client satisfaction. The absence of public shareholder pressure allows Exness to:

  • Invest in Technology: Develop proprietary algorithms for stable pricing and execution.
  • Prioritize Clients: Offer instant withdrawals and low-cost trading.
  • Maintain Stability: Reinforce secure funds and regulatory compliance.

As of 2023, Exness reported $1.7 billion in client withdrawals and a trading volume of $4 trillion, reflecting its financial strength and client trust. Exness’s commitment to transparency, secure funds, and ethical practices has earned it a loyal client base and industry awards, solidifying its strong reputation.

Future Prospects for Exness

Impact of Ownership on Exness’s Success

Exness aims to shape the future of trading by expanding its global presence and integrating sustainable practices. Key plans include:

  • Targeting growth in China and South Korea.
  • Launching social trading and enhanced mobile apps.
  • Using AI-driven tools to improve trading analytics and execution.

While Exness remains privately held, future mergers or acquisitions could alter its ownership structure. However, its focus on integrity and performance is likely to persist.

Conclusion

Exness’s ownership, led by Petr Valov and supported by co-founders and executives like David Morris, has been key to its success as a leading brokerage firm. Its private ownership structure enables a focus on advanced technology, client fund protection, and ethical trading practices. With a strong reputation, global presence, and commitment to innovation, Exness continues to empower traders worldwide. Whether you’re a retail trader or looking to join its partnership program, Exness offers a secure and transparent environment to shape your trading future. Start exploring Exness today to benefit from its industry-leading services.