XS’s Regulation and License

XS operates as a multinational fintech and financial services provider with several entities authorized and regulated by various financial institutions across different jurisdictions:

XS Ltd:

It is authorized and regulated by the Financial Services Authority of Seychelles (FSA) under license number SD089. The FSA is the regulator for non-banking financial services in the Republic of Seychelles, and it ensures that the sector is well-regulated and supervised for safety, stability, and integrity.

XS Prime Ltd:

This entity is regulated by the Australian Securities and Investments Commission (ASIC) with License Number: 374409. ASIC is one of the most reputable financial regulatory agencies worldwide, responsible for ensuring that Australia’s financial markets are fair and transparent.

XS Markets Ltd:

It is authorized and regulated by Cyprus Securities and Exchange Commission (CySEC) under License Number: 412/22. CySEC is the financial regulatory agency of the Republic of Cyprus and a member of the European Securities and Markets Authority (ESMA).

Having multiple licenses from different regulatory bodies adds a layer of trust and credibility, indicating that the broker is under constant scrutiny and must adhere to international standards of transparency and client treatment.

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Operational Integrity

• Safety of Funds: XS provides features like segregated bank accounts to separate clients’ money from the company’s operational funds. This is a key safety measure that ensures clients’ funds are secure even if the company faces financial difficulties.
• Negative Balance Protection: This feature ensures that you cannot lose more money than you have deposited into your trading account, limiting your financial risk.
• AML Regulations: Anti-Money Laundering (AML) regulations are strictly adhered to, which is crucial for maintaining the integrity of the trading platform and its users.
• Continuous Risk Monitoring: XS continuously monitors and assesses the risks associated with its operations, indicating a proactive approach to risk management.

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Trading Infrastructure

• Asset Classes: XS offers a variety of asset classes, including Forex, Indices, Metals, Energy, Commodities, Shares, and Cryptocurrencies, offering a diverse portfolio to traders.
• High-Speed & Fair Trade Execution: As mentioned, the broker emphasizes fast and reliable trade executions, which is a significant factor for traders looking for minimal slippage and maximum precision.
• Leverage and Margin: XS provides various leverage options depending on the asset class, from 1:500 for major Forex pairs to 1:20 for cryptocurrencies. However, leverage comes with increased risks, and the broker ensures to make traders aware of this.

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Customer Support

The broker claims to offer premium multilingual customer support, crucial for traders who may require assistance at any point in their trading journey.

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Funding

XS offers multiple funding options, including bank transfers, Visa & MasterCard, Skrill, Neteller, Klarna, and Giropay, with different processing times and limits. This makes it convenient for traders worldwide to fund their accounts.

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Given the comprehensive regulatory framework, operational integrity, trading infrastructure, and customer support, XS appears to be a broker that takes its responsibilities seriously. The multiple licenses from reputable agencies provide a level of assurance that they are bound by law to operate with transparency and fairness.

However, like with any financial undertaking, traders should conduct their own due diligence and consider their own risk tolerance before beginning to trade. It may also be beneficial to consult with financial advisors to understand the implications of leveraged trading fully.