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Exenico

Regulated
Cyprus
,
Since 2016
Last Updated:
51/100
Overall Score

Trading Conditions

Min Deposit:
N/A
Max Leverage:
N/A
Account Types
Standard Account

User Reviews

—
Total Reviews
—
This Month
—
Avg Rating

Funding Methods

3 methods

Wire Transfer

wire transfer
7 days
Fee:
Free
Fee:
Free

Visa

credit card
Instant
Fee:
Free
Fee:
Free

Mastercard

credit card
Instant
Fee:
Free
Fee:
Free

Performance Metrics

Excellent Performance
Performance chart: 1: Regulation 32%, 2: License 69%, 3: Software 50%, 4: Spread 0%, 5: Account Type 0%, 6: Symbol 0%
Regulation
32%Poor
License
69%Good
Software
50%Fair
Spread
0%Poor
Account Type
0%Poor
Symbol
0%Poor

Regulatory Licenses

Regulatory Licenses:
Tier 2
Cyprus flag
Straight Through Processing(STP)
Regulated
CySEC | Cyprus

Company Information

Full Name:Exenico (CY) Ltd
Founded:2016
Headquarters:Cyprus
Enterprise Offices:1offices

Customer Support

Phone:
+357 22322002
Live Chat:
Not Available
Response Time:
—
Languages:
English
Scroll Down
Editorial review
Updated

Broker Summary

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 exenico.com.

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.

10 pages
Homepage
Regulatory Authorisation
About Exenico
Why Choose Us — Model & Safeguards
Products & Trading Conditions
Fund Account — All Methods
Deposits
Withdrawals
Support & Contact
Trading Platform (MT5)
Captured by Wikilix from the broker's live site. Open any shot to read it full size.
Regulation check

Regulatory Licenses

Exenico is listed with a tier-1 or tier-2 licence that we have not yet checked against the regulator's register. An unchecked licence is not a finding either way.

1 of 1 checked
Licences on record
1
Confirmed on register
0
Tier 1 or 2
1
Offshore
0

WIKILIX

Licence intelligence

The only licence on file

Licence Verification Record

Cyprus Securities and Exchange Commission 343/17

Recorded from the firm's own disclosure. Not yet checked against the register.

Name on the register
Exenico (CY) Ltd
Jurisdiction
Cyprus
Authority strength
Tier 2
Licence type
Straight Through Processing(STP)
Effective
Nov 13, 2017
Shown on the Exenico website
Shown
Not yet checked on the register

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.

Open the CySEC licence recordAbout CySEC
Client acceptance

Country availability

Where Exenico says it will and won't take clients

11 countries

Confirmed blocked

Named in the broker's own terms

BEBelgiumUSUnited StatesCACanadaRURussiaILIsraelPSPalestineJPJapanAUAustraliaKPNorth KoreaTRTürkiyeIRIran
How we know — 4 sources
  1. 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.
  2. 2The same notice states that investment services are provided within the European Economic Area excluding Belgium, so Belgium is recorded as confirmed blocked.
  3. 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.
  4. 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.
Recorded by WIKILIX research, not published by the broker, and not a guarantee. A country listed nowhere above is not thereby accepted — check Exenico's own terms before you open an account.
Deposits & withdrawals

Funding Methods

3 ways to fund an account. 3 with no deposit fee. 2 credit instantly.

3 methods
MethodDeposit feeWithdrawal feeMin depositWithdrawal min / maxProcessing
Wire TransferWire Transfer
Deposits 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.
FreeFreeUSD 250USD 100Not recorded7 days
VisaCredit Card1FreeFreeUSD 50USD 5Not recordedInstant
MastercardCredit Card1FreeFreeUSD 50USD 5Not recordedInstant

Broker's notes on these methods

  1. Deposits 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
Fees, limits and processing times as published by Exenico, recorded by Wikilix.
Trading software

Trading Platforms

One trading platform on record: MetaTrader 5.

1 platform
  • MetaTrader 5 logo

    MetaTrader 5

    Recommended

    by MetaQuotes Software Corpsince 2010Developer site

    The only platform the broker offers, used for CFDs on forex, indices, metals, commodities and bonds, with desktop, web and mobile builds.

    Runs on

    • Windows
    • Mac
    • Linux
    • Web
    • Android
    • iOS
    • API
    Download
    Details
Platforms and download links as published by the broker, recorded by Wikilix.
Legal entities

Corporate Network

One legal entity behind the Exenico brand.

1 entity
  • EXENICO (CY) LTDActiveLicence holderCyprusRegistration HE 360960Established Oct 10, 2016Holds CySECThe licensed operating company, registered in Cyprus on 10 October 2016 and previously named GRANDIS SECURITIES LTD under the same registration number.
Entities named in the broker's own documents and company registers, recorded by Wikilix.
Company registry check
Checked

Company Registration

The operating company is EXENICO (CY) LTD. Registered in Cyprus. Registration number HE 360960.

Verified on registry
Legal entity
EXENICO (CY) LTD
Registration number
HE 360960
Jurisdiction
Cyprus
Incorporated
Oct 10, 2016
Registry
Cyprus Department of Registrar of Companies and Intellectual Property
Registered address
Σπύρου Κυπριανού, 68, Γερμασόγεια, 4042, Λεμεσός, Κύπρος
Frequently Asked Questions

Frequently Asked Questions

Common questions about Exenico

Most Popular Questions

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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