Is XS broker safe and regulated?

XS (XS Ltd) is a multi-jurisdictional broker regulated by the FSA (Seychelles) and ASIC (Australia), but also flagged as a suspicious clone by CySEC. Learn if XS is legit and safe. XS broker operates under mixed regulatory conditions that require trader attention. According to our verification, XS Ltd is regulated in Seychelles by the Financial Services Authority (FSA) under license number SD089. In contrast,XS Prime Ltd is regulated by the Australian Securities & Investments Commission (ASIC) under license number 374409. These licenses offer a level of operational oversight and capital protection for users in those regions.

⚠️ However, XS Markets Ltd in Cyprus is marked as a “Suspicious Clone” by CySEC under license number 412/22, raising serious red flags for traders in the European Economic Area.

⚠️ Risk Warning: Always verify license numbers on the official websites of regulators. The presence of clone licenses is a critical security concern. Exercise extreme caution when trading with any broker under investigation or flagged by authorities.

Pros and Cons

What You Want to Know Most

Q1: Is XS regulated?

A1: Yes. XS Ltd is regulated by the FSA in Seychelles (SD089), and XS Prime Ltd is licensed by ASIC in Australia (374409). However, XS Markets Ltd is flagged as a suspicious clone by CySEC (412/22), which introduces significant risks. Always double-check regulatory authenticity.

Q2: Is XS broker legit or a scam?

A2: XS is partially legitimate, as it holds valid licenses from ASIC and FSA. However, the CySEC suspicious clone status casts doubt on certain entities. Traders should conduct due diligence and avoid using platforms associated with flagged licenses.

Q3: What are the pros of XS broker?

A3: XS offers strong platform support (MT4/MT5), 24/7 support, high leverage, and tight spreads on some accounts. These features can benefit experienced traders seeking flexibility.

Q4: What are the pros and cons of XS?

A4: XS's pros include ASIC regulation, diverse assets, and competitive spreads. The key cons are offshore registration, inconsistent regulation, and clone license warnings that could threaten investor safety.

Q5: Is XS safe and trustworthy for trading?

A5: XS may be safe for users under ASIC regulation, but the CySEC warning indicates serious trust concerns. Traders should only use the verified entities and remain cautious.