xDirect

xDirect is a retail forex and CFD broker that operates under the corporate name Xeta Direct Ltd. The company is registered in Vanuatu, with a registered address at 2nd Floor, Transpacific Haus, Lini Highway, Port Vila. Its business address is in Warsaw, Poland. The broker’s official website is xdirect.ua, which is primarily available in Ukrainian and Russian, indicating a target market in Eastern Europe.

According to regulatory records, xDirect holds a licence from the Vanuatu Financial Services Commission (VFSC) with licence number 14652. However, the VFSC is not a major financial regulator and does not impose the same rigorous standards as bodies like the FCA or CySEC. The broker reports a founding date of July 10, 2019, though its own marketing claims a history dating back to 2005.

xDirect is authorised and regulated by the VFSC in Vanuatu, a jurisdiction known for minimal oversight and low regulatory capital requirements. The VFSC licence is listed as a 'Forex Trading License (EP)', but its status is not specified as active or pending in public records.

The broker’s legal page prominently displays its VFSC certification and incorporation certificate. However, customers should be aware that Vanuatu regulation offers limited investor protection such as negative balance protection or compensation schemes. The absence of regulation from a Tier-1 authority is a significant consideration for traders.

xDirect offers three live account types: Standard, Pro, and Pro+. The Standard account requires a minimum deposit of 1000 UAH or 25 USD (on the website, though known facts state 3000 UAH / 100 USD – discrepancy noted). Leverage is fixed at 1:200 for all accounts.

Spreads vary: from 1.5 pips on Standard and from 0.1 pips on Pro and Pro+. Commissions apply only on Pro accounts ($12 per lot) and Pro+ ($8 per lot). Execution is market execution for all accounts.

The Pro+ account is the most comprehensive, offering over 1,500 instruments across six asset classes, including stocks and ETFs. The Standard account is limited to 35 instruments. Account currencies are USD and UAH.

xDirect provides access to forex, commodities, indices, cryptocurrencies, stocks, and ETFs. The broker claims over 1500 trading instruments, with specific counts for each asset class on its homepage. Trading is available on a web platform and likely through MetaTrader, though the website does not explicitly name the platform.

The broker highlights features such as a unified account, flexible charting, and integrated market analysis tools. Instrument specifications, rollover rates, and leverage details are provided on separate pages for each account type.

Deposits can be made via VISA/MasterCard or SWIFT bank transfer. Minimum deposit via card is $10 USD. Card deposits incur a fee of 2-3% depending on amount, while SWIFT transfers are commission-free but may include bank charges. Withdrawal methods are not detailed on the retrieved pages.

The broker states that client funds are segregated, though this claim cannot be independently verified. The company’s operational department handles KYC and payment processing.

xDirect appears to target retail traders in Ukraine and other Ukrainian-speaking regions, given the language options and local currency account. The low minimum deposit for the Standard account (25 USD) makes it accessible to beginners, while the Pro+ account caters to more active traders needing a wide range of instruments.

However, the lack of regulation from a top-tier authority and the relatively high leverage (1:200) mean this broker is not suitable for risk-averse traders or those seeking strong investor protection.

The most prominent risk is the Vanuatu regulation, which offers limited oversight and no recourse to an external ombudsman. The broker’s claimed history since 2005 contradicts the registration date of 2019, raising questions about transparency. Additionally, the broker’s high leverage of 1:200 can amplify losses.

Traders should also note the commission structure on Pro accounts and the spread differentiations. The broker’s social media presence is limited to Facebook, and independent user reviews are absent, making it difficult to gauge client satisfaction. FXCanary’s scam risk score of 39/100 indicates a guarded level of trust.