Wikilix
Licence record

FSA licence SD018

Holder
Fake Exness
Jurisdiction
Seychelles
Licence type
Retail Forex License
Last checked
Aug 9, 2026

This is Wikilix's record of a licence issued by The Seychelles Financial Services Authority. It sets out what the register says, what we checked, and what the authority's own rules protect.

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Licence intelligence

RecordModified Sep 7, 2026

Licence Verification Record

The Seychelles Financial Services Authority SD018

Wikilix read the FSA register on Aug 9, 2026. This is what it said.

Issuing authority
The Seychelles Financial Services Authority
Holder
Raw Trading Ltd
Jurisdiction
Seychelles
Licence type
Retail Forex License
Register status
Active

Checked Aug 9, 2026

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/the-seychelles-financial-services-authority/fake-exness/sd018Fields on file 8 / 11

Open Fake ExnessAbout FSA
Our check
Checked

What we checked

We found this licence on the issuing authority's own register.

Wikilix check
Confirmed on the register
Authority strength
Tier 3
Jurisdiction
Seychelles
Last checked
Aug 9, 2026
Register says
Active

Finding

A genuine offshore Securities Dealer licence held by Raw Trading Ltd, confirmed on the FSA public register with the matching website icmarkets.com. Client protection: Low. Offshore regulator with no statutory compensation scheme; the broker cites private indemnity insurance up to USD 1 million..

Exhibit

Register screenshot, captured Aug 9, 2026
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
SD018
Licence type (Wikilix classification)
Retail Forex License
Register status
Active
The authority

About FSA

The Seychelles Financial Services Authority is the authority that issued this licence, and the jurisdiction it applies in is Seychelles.

Full name
The Seychelles Financial Services Authority
Jurisdiction
Seychelles
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2013
Oversight
A government or statutory body
Firms we track under it
143 firms
Regulates
Stocks, Fund
Licences it issues
Securities Dealer – Principal & Agency
Typical cost of a licence
USD 10000-20000
Public register
Searchable by the public
Transparency
Low

FSA is classed as an offshore regime. An offshore registration can be entirely legitimate, but it typically means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.

Protection

What this licence protects

FSA's own rules for the firms it authorises.

  • No compensation scheme
  • Complaints routeFSA Enquiries
  • Maximum leverage1:1000
This describes the authority's regime, not how Fake Exness applies it.
The holder

Who holds this licence

The licence above is recorded against Fake Exness. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
Raw Trading Ltd
Based in
Seychelles
Wikilix score
36.0the firm’s overall score, not a rating of this licence

Wikilix has flagged Fake Exness as a scam. That is a finding about the firm, not about this licence — the register’s own wording above is what states this entry’s standing.

Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Official source
The issuing authority’s registerPublished by the authority, not by Wikilix.
Last checked by Wikilix
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Evidence held
A screenshot of the register entry is on file.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences Fake Exness holds

2 other licences are on record for Fake Exness.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
The minimum deposit amount to open an account with Fake Exness is 200 USD. This applies across all supported deposit methods.
Yes, Fake Exness requires verification documents for first-time withdrawals. Withdrawals must be made to the original funding source, and additional intermediary or beneficiary bank fees may apply. This is standard procedure to comply with regulatory requirements.
Fake Exness supports various funding methods including bank transfer, credit and debit cards, PayPal, Neteller, Skrill, and regional options like POLi and Bpay. Deposits are generally instant or processed within 12 hours, while withdrawal times vary from instant to up to 14 business days depending on the method. Withdrawal fees may apply, such as a $20 fee for bank wire withdrawals.
Fake Exness provides the cTrader platform for desktop users. cTrader is designed for professional traders and features advanced charting, automated trading via cAlgo, and fast execution. The platform supports multiple device types including web, iOS, Android, and Windows.
Raw Trading Ltd, also known as Fake Exness, holds a retail forex license from the Seychelles Financial Services Authority (FSA), which is an offshore regulator. the broker is classified as a scam, and its regulatory transparency is considered low.
Licence SD018 was issued by The Seychelles Financial Services Authority (FSA), the financial authority for Seychelles.
Fake Exness holds this FSA licence. A licence on record means the authority published an entry; it is not an endorsement.
We located this entry on the FSA register. Note that confirming a register ENTRY is not the same as confirming a live licence — the register’s own wording on this page is what states its current standing.
Wikilix rates FSA tier 3. Supervision is lighter-touch and client protections vary.
Yes, FSA is classed as an offshore regime. That can be a legitimate registration, but it usually means lower capital requirements, no compensation scheme, and a complaint route that is harder to use from abroad.
This page links straight to the FSA register. Search it for SD018, and for the name Fake Exness rather than the trading brand.
Fake Exness has 2 other licences on record with Wikilix, across 2 jurisdictions. They are listed further down this page.
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