Xelans MARKETS

Xelans Markets is a retail forex and CFD broker registered in Mauritius, established on 21 June 2025. The company operates under the name Xelans Markets Limited and is based at Level 6 Ken Lee Building, 20 Edith Cavell St., Port Louis. As of this review, the broker holds no known regulatory licences from any financial authority, which is a significant factor for traders to consider.

The broker offers trading in a wide range of asset classes, including forex, metals, indices, futures, and ETFs, with a claimed total of over 900 instruments. Xelans Markets targets both retail and professional traders, as well as institutional partners, through its STP and ECN account types.

Xelans Markets does not currently hold any publicly listed regulatory licences. The known facts indicate that no regulators are on file, and the website does not mention any specific regulatory body. This absence of regulation means that traders do not benefit from the protections typically afforded by regulated brokers, such as negative balance protection, compensation schemes, or independent dispute resolution.

Prospective clients should be aware that trading with an unregulated broker carries elevated risks. The FXCanary Scam Risk Score of 56 out of 100 reflects these concerns, categorising the broker as having an elevated risk profile. Traders are advised to exercise caution and perform thorough due diligence before committing funds.

Xelans Markets provides two main account types: STP (Straight Through Processing) and ECN (Electronic Communication Network). Both accounts offer a maximum leverage of 1:100, which is adjustable based on compliance requirements. The minimum deposit for each account type is not specified on the website or in available documentation.

These account structures are designed to cater to different trading styles. The STP account typically routes orders directly to liquidity providers without a dealing desk, while the ECN account provides direct access to interbank liquidity with variable spreads. The broker also offers PAMM and MAMM accounts for money managers, allowing them to manage multiple client accounts from a single platform.

The broker supports the MetaTrader 5 (MT5) platform across multiple devices: iOS, Android, and Windows. MT5 is a widely used trading platform known for its advanced charting, algorithmic trading capabilities, and comprehensive analytical tools. Xelans Markets also integrates TradingView, a popular charting and social trading platform, alongside its own social and copy trading features.

Additional trading tools include market hours calendars, calculators, and a glossary for educational purposes. The broker provides access to the MT5 platform through dedicated mobile apps, enabling traders to manage positions on the go. The platform supports both demo and live trading accounts.

Xelans Markets operates country-specific subdomains, including dedicated sites for Tanzania (tanzania.xelansmarkets.com) and Uganda (uganda.xelansmarkets.com). These regional portals suggest a focus on East African markets, with tailored content and potentially localised support. The main website is available in English, and the broker maintains a presence on Facebook and Instagram for marketing and client engagement.

While the broker claims to serve a global clientele, its unregulated status and recent establishment (June 2025) indicate it is still in an early growth phase. Traders in jurisdictions with strict regulatory requirements should verify the broker's compliance with local laws before opening an account.