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Issue #248Subscribe free
House file

XS.com logoXS.com

On the desk for one reason: multi-entity structure. 7 register lines are on this file, spread across 7 legal entities in 7 jurisdictions, 1 of them with a top-tier regulator.


On the wire

4 items · 0 notices

Every figure below was read off a regulator register or the firm's own filing.

Register entries as filed
  • 01
    register entry

    ASIC entry 374409 for XS Prime Ltd (Australian company number 141 194 934)

    Source: xs.com

  • 02
    register entry

    CySEC entry 412/22 for XS Markets Ltd (Cyprus registration HE 386563)

    Source: xs.com

  • 03
    register entry

    FSCA entry FSP 53199 for XS ZA (Pty) Ltd (registration 2023/608801/07)

    Source: xs.com

  • 04
    register entry

    UAE Securities and Commodities Authority (SCA) entry 20200000339 for XSTrade Financial Consultation L.L.C (company 1495925)

    Source: xs.com

Entity by entity

7 lines
Register lines on file for XS.com. A blank number is a number the desk could not read on a source; it is not a zero.
RegulatorJurisdictionEntity as registeredNumberTierSource
ASICAustraliaXS Prime Ltd (Australian company number 141 194 934)374409T1xs.com
CySECCyprusXS Markets Ltd (Cyprus registration HE 386563)412/22T2xs.com
FSCASouth AfricaXS ZA (Pty) Ltd (registration 2023/608801/07)FSP 53199T2xs.com
UAE Securities and Commodities Authority (SCA)United Arab EmiratesXSTrade Financial Consultation L.L.C (company 1495925)20200000339T2xs.com
FSA SeychellesSeychellesXS Ltd (Seychelles company 8428765-1)SD089T3xs.com
Labuan FSAMalaysia (Labuan)XS Finance Ltd (Labuan company LL17310)MB/21/0081T3xs.com
FSC MauritiusMauritiusXS Trade Services Ltd (Mauritius company 224974)GB25204786T3xs.com

Tier is the desk's shorthand for the supervising regime, not a quality score: T1 a top-tier statutory regulator, T2 a mid-tier one, T3 an offshore registration.

Commercial detail on the record

Minimum to open$0
EUR/USD spread as published1.1 pips
Leverage as advertisedup to 1:2000
PlatformsMT4 · MT5 · XS mobile app
Account booksStandard · Cent · Micro · Pro · Elite · VIP · Classic · Extra · Plus · Copy Standard · Copy Pro · Demo

What the record says

XS.com's regulations page names seven group entities, including XS Prime Ltd under ASIC licence 374409 and XS Markets Ltd under CySEC licence 412/22.

XS Ltd, the Seychelles entity operating www.xs.com, holds FSA Seychelles securities dealer licence SD089 under company number 8428765-1.

The group also lists FSCA South Africa FSP 53199, Labuan FSA licence MB/21/0081, FSC Mauritius licence GB25204786, UAE SCA licence 20200000339 and a Kuwait authorisation numbered 513918.

XS states its website is not directed at residents of the United States, the European Union, Australia, Japan and other restricted jurisdictions.

XS notes that investor compensation scheme coverage varies depending on which group entity a client contracts with.

XS.com's story page states the XS Group was 'Established in Australia in 2010' and its safety page repeats 'Since 2010, the XS Group has been providing traders, institutional investors, and brokers worldwide with access to deep institutional liquidity' (xs.com)

XS Ltd's Client Services Agreement (the Seychelles entity operating www.xs.com) states client money is promptly placed in accounts 'which are segregated from the Company's own accounts' (clause 17.3) and that 'The Client will not be required to cover losses exceeding his invested capital as the Company applies a negative balance protection policy', subject to a 'Negative Balance Protection Abuse' carve-out in paragraph 31 (xs.com)

XS's preferred-account index publishes an 'Average spread (EURUSD)' of 1.1 pips for the Standard, Cent and Micro accounts, all with no minimum deposit, and the Standard account spec table lists 'Maximum Leverage: 1:2000' (xs.com)

XS.com's own press release states the group acquired Ubutyebi Financial Services, a licensed Financial Service Provider regulated by the FSCA, establishing XS ZA (Pty) Ltd under FSP licence 53199 to offer FX and CFD products in South Africa and other African nations (xs.com)

Not verified

14 fields

The desk left these blank rather than fill them from secondary sources. They stay on the file as open questions and will be filled the day a primary source carries them.

Other open files

The whole desk

This file reports what regulators and the firm have published. It is not a review, not a rating and not advice to open or close an account anywhere.