Retail broker Exness has stopped onboarding new clients in India, blocking access to account registration for users based in the country. The change appears to have taken effect late last week and comes without an official explanation from the company.

Indian users attempting to access Exness from local IP addresses are now redirected to a simplified login page with no signup option. Attempts to create new accounts trigger a message indicating that registration is not allowed from the region.

The broker also informed its affiliate partners that it would no longer accept referrals from India. The directive instructed partners to cease all client acquisition efforts in the country.

Existing Clients Unaffected

While new registrations are blocked, existing users in India can still log into their accounts and continue trading. There has been no disruption in service for current clients, according to the available access paths.

Exness has not issued a public statement regarding the restriction or its duration. India remains a key growth market for offshore brokers, including Exness, which has operated locally via affiliates and introducing brokers.

The broker has not indicated whether the change is temporary or permanent. No additional information was available on whether similar measures would apply in other restricted markets.

Exepect ongoing updates as this story evolves.

Source: Finance Magnates