About Marketfinancials Limited
Who Is XB Prime?
XB Prime is the trading brand of Marketfinancials Limited, a company registered in Seychelles. The broker operates under a Securities Dealer licence (number SD006) from the Seychelles Financial Services Authority (FSA). It was reportedly founded in 2020, according to industry databases.
The broker targets a global audience, offering online forex and CFD trading services. Its headquarters are listed as Eden Plaza, Eden Island, Seychelles, and it provides customer support via phone and email.
Regulation and Licensing
XB Prime holds a licence from the FSA Seychelles, which is an offshore regulator. This type of licence is not equivalent to regulation by major agencies such as the FCA or CySEC and offers a lower degree of investor protection. The broker's licence status is marked as 'Authorised' in industry checks.
There have been reports linking Marketfinancials Limited to a Cypriot structure via Mount Nico Group, but XB Prime itself is not regulated by CySEC. Traders should exercise caution as offshore regulation typically does not include deposit insurance or compensation schemes.
Trading Platforms
XB Prime offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Both are widely used in the retail forex industry and provide advanced charting tools, automated trading capabilities, and a range of technical indicators.
These platforms are available for desktop, web, and mobile devices, allowing traders to access the markets from anywhere. The broker also claims fast execution speeds and low latency, which are important for active traders.
Account Types and Minimum Deposit
The minimum deposit for a live account at XB Prime is $10, making it accessible to retail traders with small capital. The broker does not explicitly list multiple account tiers in available public information, but typical offshore brokers offer various account levels with different spreads and commissions.
Trading conditions include variable spreads from 0.0 pips, leverage up to 1:500, and a minimum trade volume of 0.01 lots. The stop-out level is set at 30%, and there is no commission on standard accounts.
Instruments and Markets
XB Prime claims to offer over 1000 trading instruments, spanning forex pairs, indices, equities, commodities, metals, and cryptocurrency CFDs. Specific mention is made of Gold CFDs and crypto assets such as Shiba Inu (SHIB).
The broker also provides access to CFD ETFs and stocks. This wide range of instruments allows traders to diversify their portfolios within a single account.
Funding and Withdrawals
Specific payment methods are not listed in available web snippets, but the broker states it offers same-day payouts. Industry typical payment options for such brokers include bank transfers, credit/debit cards, and e-wallets.
Traders should verify available methods directly with the broker before depositing. Offshore brokers may have varying withdrawal processing times and fees.
Target Audience
XB Prime appears to target both retail and institutional clients. Its marketing emphasises high leverage and low costs, which can appeal to experienced traders seeking flexibility. However, the high leverage and offshore regulation make it less suitable for beginners or risk-averse traders.
The broker also promotes its services to fund managers and professional traders through bespoke solutions. As with all offshore brokers, due diligence is essential before committing funds.
Overview compiled by FXCanary from regulatory records and public data. full Marketfinancials Limited review