Exenico: CySEC licence 343/17

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.