Overall Score65 / 100The Wikilix trust rating of Exenico, out of 100, built from the five factors below.It holds a valid CySEC 343/17 licence, and its company registration is verified.Regulation75%Identity83%Client terms57%Trading offer57%Service44%Score last calculated 2026/10/22
Good65 to 79. A solid record with minor gaps and no stop sign.Why: It holds a valid CySEC 343/17 licence, and its company registration is verified.
65 out of 100 · 58% checkedThe share of the record we could verify. What we could not check counts as unknown and pulls the score toward the middle, never down.
Do not trust
High risk
Fair
Good
Excellent
It holds a valid CySEC 343/17 licence, and its company registration is verified.
We checked Exenico on 2026-10-22 across its regulation, company record, client terms, trading offer and service, and could verify 58% of its record. Its strongest valid licence is CySEC 343/17. The score of 65 is what the checked record adds up to; nothing held it down. What would move the score: verified age, transparency, policy risk. No investigation has been published yet, so complaints and reputation are unknown. Its client terms have not been reviewed yet.
Whether a financial authority supervises this broker: the licences it holds, whether we verified them on the official register, how strong that regulator is and what protection it gives clients. Worth 35 points of 100.
Identity
Who is behind it, and for how long?
83out of 100
Excellent
Counts for 15% of the score81% checked
What we checked
Registry-verified entity100
Company registration verified on the registry · Sep 7, 2026Source
Verified age100
Oldest registered entity established 2016-10-10 · Sep 7, 2026Source
Transparency50
2 of 4 transparency checks met (entity, address, complaints, ownership)
Site integrity100
Website reachable and not redirecting · Sep 10, 2026Source
What this measures
Who is behind it and for how long: a company registration we verified, years of verified history, how openly it names its entity, address and owners, and whether its website is intact. Worth 15 points.
Client terms
Are the client terms fair?
57out of 100
Fair
Counts for 15% of the score20% checked
What we checked
Policy riskNot checked yet
No published policy review
Critical clausesNot checked yet
No published policy review
Withdrawal rails87
3 rail(s): 3 fee-free of 3 known, 2 instant of 3 known, minimum $5 · Sep 7, 2026
Language parityNot checked yet
No published policy review
What this measures
How fair the client agreement is: the risk found in our policy review, the number of critical clauses, withdrawal rules, and whether the terms say the same in every language. Worth 15 points.
Trading offer
What does trading cost, and is it disclosed?
57out of 100
Fair
Counts for 20% of the score15% checked
What we checked
All-in EURUSD costNot checked yet
No EURUSD spread known
Pricing disclosed per account typeNot checked yet
No account types recorded
Instrument breadthNot checked yet
No instrument counts known
Platforms95
1 platform(s) (MetaTrader 5), web, mobile · Sep 7, 2026
Leverage vs regulated capNot checked yet
Maximum leverage unknown
Minimum depositNot checked yet
Minimum deposit unknown
What this measures
What trading costs and how clearly it is disclosed: pricing per account type, the all-in cost of EURUSD, instruments, platforms, leverage against regulated limits and the minimum deposit. Worth 20 points.
Service
How do they treat clients?
44out of 100
Poor
Counts for 15% of the score35% checked
What we checked
Fund-integrity complaintsNot checked yet
No published scam check
Support channels33
2 of 6 support checks (phone, email, 24/7 chat, 2+ languages, messenger, complaints email) · Sep 7, 2026
Reputation footprintNot checked yet
No published scam check
WIKILIX communityNot checked yet
0 approved review(s), fewer than 10
What this measures
How clients are treated: support channels, complaints about withdrawals and reputation from our investigation, and reviews by WIKILIX members. Worth 15 points.
What Wikilix has recorded about Exenico: its history, the licences it holds, its trading conditions and its fees.
Exenico Broker Overview
Exenico is the trading brand of EXENICO (CY) LTD, a Cyprus Investment Firm registered in Nicosia and Limassol and authorised by the Cyprus Securities and Exchange Commission under licence 343/17. The company was registered in Cyprus on 10 October 2016 and has held its CySEC licence since 13 November 2017. Exenico offers CFDs on forex, metals, commodities, indices and bonds on MetaTrader 5, on a straight-through-processing execution model, and accepts only professional clients and eligible counterparties.
Exenico Regulation and License
EXENICO (CY) LTD holds CySEC licence number 343/17, issued in Cyprus with an effective date of 13 November 2017 and recorded as regulated. The licence covers execution on a straight-through-processing basis and, as a Cyprus Investment Firm authorisation, carries passporting of investment services across the European Economic Area. Exenico's own regulatory disclosures, including its Pillar III reports and RTS 28 execution-quality report, are published on .
Is Exenico Regulated?
Yes, Exenico operates under a Cyprus Investment Firm licence held by EXENICO (CY) LTD. What that regulation does not do is open the firm to retail clients: the company states that it serves professional clients and eligible counterparties only, so the retail protections a CySEC-regulated broker normally applies do not describe most of its client base.
EXENICO (CY) LTD
The operating company is registered with the Cyprus Department of Registrar of Companies and Intellectual Property under number HE 360960 and is listed as active. It was previously named GRANDIS SECURITIES LTD, and the change of name is recorded against the same registration number, so the two names refer to one company rather than two firms sharing a licence. Exenico's own website states the former name as well.
Is Exenico Safe?
Exenico's supervision by a European authority and its verifiable, active corporate registration put it well ahead of an unlicensed operator, but supervision is not a guarantee. The brand itself is recent, the firm publishes no spread, commission or leverage figures on its website, and professional-client status removes several of the safeguards, including leverage caps and negative balance protection, that retail investors in the European Economic Area normally rely on.
Exenico Spreads, Commissions and Fees
Exenico does not publish spread or commission figures on its website. Costs are referred to its Fees and Charges Policy, which is available with the rest of its legal documents on the site. Deposits and withdrawals carry no fee from the broker.
Exenico Trading Platforms
MetaTrader 5 is the only platform Exenico offers, with desktop, web and mobile builds and a download link on its trading platform page.
Exenico Deposits and Withdrawals
Exenico accepts wire transfers from 250 USD, crediting in two to seven business days, and Visa and Mastercard payments from 50 USD up to 10,000 USD, crediting within about ten minutes. Withdrawals start at 100 USD by bank transfer and 5 USD by card, and take two to ten business days depending on the correspondent bank. The broker charges no fee on either direction, though it notes that the banks in the payment chain may charge their own.
Exenico Pros and Cons
Authorised by a European regulator under a licence held in the name of the operating company.
Corporate registration verifiable and active, with the earlier company name traceable to the same registration number.
No spreads, commissions or leverage published, so the cost of trading cannot be assessed before contact.
Professional clients and eligible counterparties only, which excludes retail traders and the protections attached to them.
No published account tiers, no live chat, and one telephone number and one email address as the only support routes.
Exenico Review and Assessment
Exenico is a genuine, supervised Cyprus Investment Firm rather than an anonymous offshore brand, and its licence and company registration both check out. The proposition is narrow and institutional: one platform, a curated CFD range, no published pricing, and onboarding through a signed agreement rather than an online form. Anyone considering it should obtain the pricing schedule and confirm their client classification in writing before funding an account.
Website archive
Captured
Website snapshots
10 full-page captures of Exenico's own site, archived so what they said can still be read after the pages change.
Exenico holds a tier-1 or tier-2 licence that we confirmed on the regulator's own register. Each licence below opens its record of what that register says.
1 of 1 checked
Licences on recordEvery licence or registration recorded for this broker, whether the broker claims it or our check found it.
1
Confirmed on registerLicences we located on the issuing regulator's own public register, with a screenshot taken at the time.
1
Tier 1 or 2Licences from tier-1 or tier-2 authorities (FCA, ASIC, CySEC and peers), the strongest client protection. A registration we could not confirm as a licence is not counted.
1
OffshoreLicences from offshore registers, which typically carry no compensation scheme and lighter oversight.
0
WIKILIX
Licence intelligence
The only licence on file
Licence Verification Record
Cyprus Securities and Exchange Commission343/17
Wikilix read the CySEC register on Oct 22, 2026. This is what it said.
Name on the register
Exenico (CY) Ltd (ex Grandis Securities Ltd)
Jurisdiction
Cyprus
Authority strength
Tier 2
Licence type
Straight Through Processing(STP)
Register status
active
Effective
Nov 13, 2017
Shown on the Exenico website
Shown
Checked Oct 22, 2026
Permissions
Reception and transmission of orders in relation to one or more financial instruments
Execution of orders on behalf of clients
Safekeeping and administration of financial instruments, including custodianship and related services
Foreign exchange services where these are connected to the provision of investment services
Client protection under this licence
Compensation schemeUp to €20000 (ICF)
Client money kept separate
Negative balance protection
Complaints routeCyprus Financial Ombudsman
Maximum leverage1:30
These are the rules CySEC sets for the firms it licenses. They are not a statement about how Exenico applies them, or about which of its companies would hold your account.
A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
1The Regional Restrictions notice published in the footer of every page of exenico.com states that services are not offered to residents or citizens of the United States, Canada, Russia, Israel, Palestine, Japan, Australia, North Korea, Turkey or Iran, which is the basis for those ten codes.
2The same notice states that investment services are provided within the European Economic Area excluding Belgium, so Belgium is recorded as confirmed blocked.
3The European Economic Area is named as the service area rather than any individual country, so no country is recorded as explicitly accepted; the notice also closes with a general reference to any other jurisdiction where the provision of such services is prohibited, which names no country and produces no code.
4Account opening at https://exenico.com/create-account/ runs through a downloadable agreement rather than an online form, so there is no onboarding country selector to read.
Deposits & withdrawals
Funding Methods
3 ways to fund an account. 3 with no deposit fee. 2 credit instantly.
3 methods
Method
Deposit fee
Withdrawal fee
Min deposit
Withdrawal min / max
Processing
Wire TransferWire TransferDeposits take 2 to 7 business days with no maximum stated and no broker fee; bank transfer withdrawals from 100 USD take 2 to 10 business days, with sending, correspondent and receiving banks able to charge separately.
1Deposits of 50 to 10,000 USD credit in up to 10 minutes with no broker fee; card withdrawals from 5 USD take 2 to 10 business days depending on the correspondent bank. · applies to 2 methods
EXENICO (CY) LTDActiveCyprus·Registration HE 360960·Established Oct 10, 2016The licensed operating company, registered in Cyprus on 10 October 2016 and previously named GRANDIS SECURITIES LTD under the same registration number.
Company registry check
Checked
Company Registration
The operating company is EXENICO (CY) LTD. Registered in Cyprus. Registration number HE 360960.
Exenico publishes a Complaint Handling Policy on its website, which is the first route. As a Cyprus Investment Firm it also falls within the remit of the Cyprus Financial Ombudsman, and its ICF Disclosure describes the investor compensation arrangements that apply to eligible clients.
Through a signed document rather than an online form. The account page asks you to download an Account Opening Agreement, complete and sign it, then upload it, so onboarding involves a manual review rather than instant registration.
By telephone on +357 22322002 or by email at info@exenico.com. The site lists an office at Themistokli Dervi 40, 3rd Floor, Office 301, 1066 Nicosia, Cyprus, and offers no live chat or messaging channel.
Exenico states that it does not offer services to residents or citizens of the United States, Canada, Russia, Israel, Palestine, Japan, Australia, North Korea, Turkey or Iran. It provides investment services within the European Economic Area excluding Belgium, and adds a general exclusion for any jurisdiction where such services are prohibited.
No. Exenico states that no fees apply to any of its deposit or withdrawal channels. It does note that the sending, correspondent and receiving banks in a transfer chain may charge their own fees, which are outside the broker's control.
By wire transfer or by Visa and Mastercard. Card deposits of 50 to 10,000 USD credit within about ten minutes and wires take two to seven business days. Withdrawals start at 5 USD by card and 100 USD by bank transfer, and take two to ten business days depending on the correspondent bank.
CFDs on forex, metals, commodities, indices and bonds, with a stocks CFD category also listed. The site describes the range as hundreds of instruments but publishes no counts per class.
MetaTrader 5, and only MetaTrader 5. The firm offers it on Windows, Mac, web, iOS and Android, with a download link on its trading platform page.
Exenico does not state a maximum leverage on its website; it publishes a separate Leverage Policy instead. Because it serves professional clients and eligible counterparties, the retail leverage caps that apply across the European Economic Area are not the relevant limits here, which makes obtaining the policy before trading important.
Exenico does not publish spreads or commissions on its website. Its pages describe pricing only in general terms and refer costs to a separate Fees and Charges Policy, so the actual figures have to be obtained from the firm before funding an account.
Exenico publishes no account-opening minimum. It publishes per-channel minimums instead: 250 USD by wire transfer and 50 USD by Visa or Mastercard.
No. Exenico states that it offers services only to professional clients and eligible counterparties under MiFID II. Anyone classified as a retail client is outside its stated client base, and the protections attached to retail status do not apply.
Nothing found in this review points to a scam. The licence, the company registration and the address the site publishes all resolve to one real, supervised Cyprus firm. The caution is different in kind: the brand is recent and the site publishes no pricing, so a prospective client is asked to sign up before seeing what trading will cost.
EXENICO (CY) LTD, a private limited company registered in Cyprus under number HE 360960 on 10 October 2016 and listed as active on the Cyprus companies registry. The company was previously named GRANDIS SECURITIES LTD, and the earlier name is recorded against the same registration number.
Yes. Exenico is the brand of EXENICO (CY) LTD, a Cyprus Investment Firm holding CySEC licence number 343/17, effective from 13 November 2017 and in force. The licence is held in the operating company's own name rather than an unrelated entity's.
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