If you’re reading this, chances are you’re either trading on Exness and now facing an issue in withdrawing your money. Like you, many traders have reported this concerning Exness withdrawal problems.
Let’s get into the detail to understand why such an issue occurs and what you can do in such a case.
Exness Withdrawal Problems in India
Here’s the hard truth:
While Exness makes it incredibly easy to deposit funds, withdrawing them isn’t always smooth. Especially for Indian users, the process can quickly turn frustrating, with delays, frozen accounts, and confusing rules.
Delayed Withdrawals
Checking Exness review on different platforms, many users report that withdrawals, which should take “minutes” end up taking 3–7 days or more. Especially for Indian traders using UPI or local bank transfer, delays are common, and Exness often blames “technical issues” or vague processing timelines.
“My money was stuck for 4 days. No one responded properly. I was told to wait patiently.” — Quora user
Withdrawn but Not Received
Some traders get withdrawal confirmation from Exness, but the money never reaches their account. In many cases, UPI transfers fail silently, and users are left chasing the support team with transaction IDs and screenshots.
“It showed success on Exness, but I didn’t receive anything in my bank for 3 days.” — Reddit user
Bank Account Freezes or Scrutiny
This one’s serious. Several Indian users have faced issues where their banks flagged or froze their accounts after receiving foreign remittances from forex platforms. This happens because Exness isn’t SEBI-regulated, and foreign transactions for forex are considered suspicious under FEMA rules.
“My account was frozen after a big withdrawal from Exness. Bank said RBI flagged it as suspicious.” — Trustpilot user from India
Forced Verification Mid-Withdrawal
Some users reported that Exness suddenly asked for additional KYC documents (like PAN, bank statements, or selfies) after initiating a withdrawal — even if the account was already verified. This stalls the process and causes anxiety.
“I was already verified. But when I withdrew ₹50K, they asked for a fresh selfie holding my PAN card. Delay of 2 more days.” — Telegram group complaint
No Human Support When It Matters
When things go wrong, users expect real-time help. But Exness’ support often gives copy-paste responses, redirects users to irrelevant FAQs, or delays escalation — especially outside European business hours.
“Live chat just kept saying the same thing. No actual help. Took 5 days to get a reply from their team.” — Facebook trading group user
Is Exness Safe in India?
The answer lies in the question: Is Exness regulated in India?
No, as it is a forex trading platform that is banned in our country. So, is it okay to trust a platform that is not regulated either by SEBI or RBI?
Well, smart people would not take that risk.
Here are some of the major reasons that make it unsafe for Indian traders.
1. Not Regulated in India
Exness holds licenses in places like the UK (FCA), South Africa (FSCA), and Seychelles (FSA). But none of these licenses apply to Indian users. That means no RBI or SEBI protection if something goes wrong.
2. Your Funds Go Through Unregulated Channels
Since Exness isn’t officially operating in India, your money gets routed via third-party remittance or payment processors. This adds multiple points of failure—and none are backed by Indian law.
3. Support is Limited and Offshore
If your funds are stuck or delayed, you’re dealing with an overseas support team. There’s no office, helpline, or legal authority in India to help you escalate the issue.
4. No Legal Recourse Under FEMA
Trading in non-INR forex pairs or CFDs via platforms like Exness violates FEMA guidelines. So if there’s a dispute, you’re legally on shaky ground.
How to Report Forex Trading Scams?
Now, if your money gets stuck in the platform like Exness, then you have been trapped in the forex trading scams.
There are no rules or regulations to support this format of trading, but there are a few ways, which reporting such scams can help you get your money back.
- File a cyber crime complaint by drafting and documenting the concern.
- File a complaint in SEBI by sending an email.
- Lodge an FIR at the nearest police station.
Conclusion
Exness may look attractive on the surface, but it comes with serious concerns, especially for Indian users. It’s not regulated by SEBI, many traders report withdrawal delays, and larger transactions often trigger issues.
Since trading with offshore brokers like Exness can also violate Indian forex laws, it’s best to avoid such platforms and choose SEBI-registered options that offer better legal protection.
