Global forex broker Exness has abruptly suspended new client registrations in India, sparking concern among traders and affiliate partners. The move, which took effect late last week, blocks access to account creation for users with Indian IP addresses. Visitors are now redirected to a simplified login page, with no option to sign up.
The company has yet to issue a formal statement explaining the decision or clarifying whether the restriction is temporary. Affiliate partners were notified to cease all client acquisition efforts in India, further fueling speculation about the broker’s future in the region.
Despite the registration freeze, existing Indian clients remain unaffected. Users with active accounts can continue trading without disruption, according to current access paths.
India has long been a key growth market for offshore brokers like Exness, which operated locally through affiliates and introducing brokers. However, the country’s tightening regulatory landscape — including stricter oversight from the Securities and Exchange Board of India (SEBI) and the Reserve Bank of India (RBI) — may be prompting a strategic retreat.
As of now, Exness has not indicated whether similar restrictions will be applied in other jurisdictions. The situation remains fluid, with industry observers awaiting further updates.
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