Philippine Regulator Warns Public Against Unauthorised EXNESS GLOBAL Platform

The Philippine Securities and Exchange Commission (SEC) has issued a public advisory warning that EXNESS GLOBAL LIMITED, its associated trading application, and individuals acting under its name are not authorised to solicit investments in the country.

According to the Commission, EXNESS GLOBAL LIMITED and the EXNESS Global Trading App operate as an online brokerage platform offering access to financial markets such as foreign exchange, cryptocurrencies, equities and commodities, primarily through contracts for difference.

The regulator said the platform has been actively promoted through social media channels and mobile applications, encouraging prospective investors, including Filipinos, to participate in trading activities. The service is accessible through a website designated for Filipino clients and via mobile apps available on both Google Play and the Apple App Store.

Despite appearing to operate as a registered broker or dealer in other jurisdictions, the SEC said the platform does not meet Philippine regulatory requirements. Under the Securities Regulation Code, securities offered to the public must be registered with the Commission, issued by a locally registered corporation or licensed dealer, and sold under a valid secondary license.

Based on the SEC's records, EXNESS GLOBAL LIMITED is not registered as a corporation in the Philippines and does not hold the required licenses or authority to sell or offer securities, act as a broker or dealer, or operate a securities exchange within the country.

As a result, the Commission advised the public to exercise caution when dealing with unregistered online investment platforms and reiterated its advisory against engaging with non-registered foreign entities. The SEC also warned that individuals who act as promoters, agents, recruiters, influencers or enablers for the platform within the Philippines—even through online channels—may face criminal liability.

Such activities may constitute violations of the Securities Regulation Code and could result in penalties of up to five million pesos, imprisonment of up to 21 years, or both.