Exenico

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.