Exness India Traffic Faces Sudden Freeze Amid Onboarding Halt

Exness India traffic faces sudden freeze amid onboarding halt, sparking speculation over broker’s next move. A leading CFDs (contracts for differences) broker by trading volume, Exness, ceased onboarding new clients from India on 11 July. The broker hasn’t given any official reason for the decision, prompting speculation online about a potential comeback.

Exness India Traffic Leads Broker’s Global Web Visits

While new registrations from India are paused, Exness continues to serve its existing user base in the country.

India remains a critical market for the broker. Data from SimilarWeb shows that close to 30 per cent of Exness.com’s web traffic originates from Indian IPs, making India the top contributor to its traffic. The site attracted 40.8 million visits last month alone.

Still, given that Exness uses multiple domains, it’s unclear if India is the leading traffic source across all properties.

Although web traffic doesn’t always align with client activity, India is undeniably one of Exness’s biggest markets. No major trading platform—CFDs or otherwise—would willingly exit such a fast-growing region.

Exness hasn’t shared its trading volume or client metrics lately, but up until early last year, it disclosed such data. In March 2024, the company reported 836,873 active traders and a monthly trading volume of $3.86 trillion.

As a privately owned CFDs broker, Exness doesn’t release region-specific numbers. However, iForex—another broker preparing to go public—revealed that 17 per cent of its revenue is sourced from India, making it its second-largest market after Japan. The broker posted $50 million in trading income for 2024, supported by approximately 29,000 active users.

Is Exness Coming Back?

In India, Exness mainly works via affiliates and introducing brokers. Many now expect it to reintroduce onboarding, potentially under a different brand. The broker is also shifting Indian accounts from its Seychelles entity to a unit licensed in Vanuatu, once again without any stated rationale.

This move has intensified assumptions that Exness may soon reopen onboarding in India. It’s worth noting that CFDs are not officially regulated or banned in India. Offshore trading firms function in a regulatory grey area.

Recently, the Reserve Bank of India, which supervises domestic forex dealers, added 88 names to a caution list. The list includes brokers, platforms, and even a news outlet—with Exness among those named.

Some Indian users of Exness have also encountered payment-related problems. Several reported sudden removal of banking options for deposits and withdrawals. But a recent video from one of Exness’s influencer affiliates confirmed that bank transfers were reinstated for both functions.

Meanwhile, India’s securities regulator has introduced a new payment verification framework to protect retail traders from unregistered brokers. It requires all recognised intermediaries to use a standard UPI handle. Since Exness and other CFDs brokers are not registered in India, the rule doesn’t apply to them.

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