House file
Xtrade
On the desk for one reason: multi-entity structure. 5 register lines are on this file, spread across 5 legal entities in 5 jurisdictions, none of them with a top-tier regulator.
Filed by the desk · Sofia, Bulgaria (EU entity Up Trend Ltd, UIC 121527003; group footer also lists a Cape Town office) · year established not verified · sourcing confidence: high
On the wire
5 items · 0 noticesEvery figure below was read off a regulator register or the firm's own filing.
Register entries as filed
- 01register entry
FSC Bulgaria entry RG-03-110 for Up Trend Ltd
Source: xtrade.com
- 02register entry
FSC Belize entry 4705379 for Xtrade International Ltd
Source: xtrade.com
- 03register entry
FSA Seychelles entry SD203 for WizBrokers Limited
Source: xtrade.com
- 04register entry
FSCA entry FSP44681 for Peak Wealth PTY Ltd
Source: xtrade.com
- 05register entry
Offshore Finance Authority of Anjouan (Comoros) entry L15808/BC for Blacsley Como Ltd
Source: xtrade.com
Entity by entity
5 lines| Regulator | Jurisdiction | Entity as registered | Number | Tier | Source |
|---|---|---|---|---|---|
| FSC Bulgaria | Bulgaria | Up Trend Ltd | RG-03-110 | T2 | xtrade.com |
| FSC Belize | Belize | Xtrade International Ltd | 4705379 | T3 | xtrade.com |
| FSA Seychelles | Seychelles | WizBrokers Limited | SD203 | T3 | xtrade.com |
| FSCA | South Africa | Peak Wealth PTY Ltd | FSP44681 | T2 | xtrade.com |
| Offshore Finance Authority of Anjouan (Comoros) | Anjouan, Union of Comoros | Blacsley Como Ltd | L15808/BC | T3 | xtrade.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 | not verified |
|---|---|
| EUR/USD spread as published | not verified |
| Leverage as advertised | not verified |
| Platforms | Web platform · TradingView integration |
| Account books | not verified |
What the record says
ASIC cancelled the AFS licence of XTradeau Pty Limited (media release 24-122mr, 2024) after an investigation found vulnerable clients were encouraged to trade CFDs they could not afford; an AAT stay application filed 29 April 2024 was refused. Source: ASIC media release 24-122mr (asic.gov.au/aboutasic/media-centre/media-releases).
xtrade.com's own licences page names Up Trend Ltd (UIC 121527003, Sofia) as licensed by Bulgaria's Financial Supervision Commission under licence RG-03-110, operating as an EU investment intermediary under MiFID II.
The same page states the Seychelles entity WizBrokers Limited (company registration 8436587-1, FSA licence SD203) does not offer services to residents of the USA, Canada, Iran, North Korea, Europe and the UK.
The FSA Seychelles securities-dealer register lists WizBrokers Limited, trade name Xtrade, registered at Azores Building, Ile du Port, Mahe.
Loss-rate warnings on xtrade.com state 83.5%-85.5% of retail investor CFD accounts lose money depending on the regional entity.
Not verified
8 fieldsThe 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.
- founded: founding year not verified from a primary source
- minDeposit: not verified from an account-spec page (footer '$0.00 register' treated as marketing)
- maxLeverage: not verified from a legal/account page
- spreadEurusd: not verified
- accountTypes: not verified from a spec page
- segregatedFunds / negativeBalanceProtection: client agreement PDFs not extracted
- publiclyListed: no listing status verified
- hq: brand-wide HQ not established; Sofia address is the EU entity's registered office
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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.