In India there are many people who are searching frequently about  Is Exness Banned in India, So guys in this blog I am going to share some my personal you along with this aur straight forward answer on this exness banned news in 2026.

What Is Exness?

First of all you have to know about what is actually exness, Exness is an international forex and CFD broker which serve a lot of traders in multiple countries.

Exness gives multiple trading options some of them I have given below.

• Forex trading
• CommoditiesIndices
• Cryptocurrencies
• CFDs with high leverage

But main question is why there are many people asking about the legal and genuineness of exness in India because exness is not operated and regulated by reserve Bank of India because in India all the payment transaction and platform are managed by RBI but in the case of exness it is not regulated and manners by any government entity in India so this is the main point of question how this platform managed and who operate it.

Understanding Forex Trading Laws in India

All the Forex trading in India is managed by the Foreign Exchange Management Act (FEMA), 1999.

According to the Indian regulation and FEMA act Indians are only allowed to trade in INR based currency not allow to trade with other currencies along with this Indian customer are also recommend to use trading platform which is registered and regulated by SEBI.

Is Exness Banned in India in 2026?

Its answer is not because there is no direct clue which suggest that Exness is banned in India but there is several steps are taken by SEBI on similar platform which offer almost same services so before SEBI take any further action Exness company self stopped new customer on boarding from July 2025, but old customer are allowed to use its trading services, in India you are only allowed to use in INR based currency but exness provides different types of currencies which is clear violation of Indian law and FEMA act.

Why Did Exness Stop New Registrations in India?

There is not any official news that why xns stop on boarding new customers but some trading export claim that this is because of SEBI because in few month SEBI band and take actions against many offshore forest trading account. These actions are taken on the behalf of many complaint received by SEBI because of several transaction fraud and withdrawal fraud by offshore accounts or you can say that also trading account so according to the me this is the main reason why exness not on boarding new customer.

RBI Alert List – Why Exness Is Risky

There are many reasons why exness is not safe or you can say risky the main reason is its responsibility suppose once you recharge your wallet in your exness trading account but at the time of withdrawal the company not allow you to withdraw so in this case you have no option to complain SEBI because exness is not registered under SEBI.

If a company not regulated by India government regulatory which is SEBI then there is high chances that your money is not safe in any offshore trading account.

Is It Illegal to Trade on Exness from India?

Its answer is not clear because there is no such document are notification are available in the market which says are claims that exness is illegal in India. But Indian government put exness in grey list which is not safe.

Impact on Indian Traders in 2026

So if you are planning to trade on exness then you are not able to do because till now exness not allowed new customer on boarding.

But guys if you have old account then you made trade on it but please remember this is risky because of no direct regulation of SEBI on exness.

Below problems are face by Indian traders on using exness.

• Inability to open new accounts.
• Payment and withdrawal disruptions.
• No SEBI or RBI protection.
• Higher risk during enforcement actions.
• For long-term safety, reliance on offshore brokers is risky.

Safe & Legal Alternatives for Indian Traders

If you want to use safe and legal alternative of exness then you may find any company which is registered under SEBI and follow FEMA regulations.

Please consider below points before using or trading on any app.

• Use SEBI-registered brokers
• Trade INR-based currency pairs
• Stick to Indian exchanges
• Avoid offshore forex and CFD platforms
• Legal compliance ensures peace of mind and protects capital.

FAQs

Conclusion

So guys it is the time of conclusion according to me please use SEBI registered offshore trading account which follows FEMA rules and regulation which will be safe so guys I hope you love to my article on Is Exness Banned in India if you have any suggestion or any questions then please comment below I will try my best to reply fast.