XO

XO Capital Financial Consultant, operating under the brand XO, is a forex and CFD broker based in Saudi Arabia. According to its website, the firm was founded in 2025 and is headquartered in Saudi Arabia. The broker maintains a Facebook presence and operates the domain xocapital.org.

The broker's website presents itself as a full-service trading provider, though independent records show no verified regulatory licenses as of its founding date. This discrepancy between marketing claims and official records is a key point for potential clients to consider.

The broker's website claims to hold six licenses from various regulatory bodies and offers client fund insurance up to $1 million. However, FXCanary's own records indicate that XO does not have any confirmed regulatory oversight from any recognized financial authority. This lack of verifiable regulation elevates the risk profile for traders.

XO advertises low spreads starting from 0.0 pips on forex and zero commissions on stock CFDs. It promotes ECN execution with no dealing desk, accommodating all trading styles including scalping and algorithmic trading. The broker supports leverage trading through its platforms.

The range of instruments is not explicitly detailed on the site snippets, but the focus on forex and CFDs suggests a standard retail offering. The broker does not provide specific information on the number of currency pairs or CFDs available.

The broker offers its proprietary EQ Trader platform alongside the industry-standard MetaTrader 4 (MT4). Both platforms are available for web and mobile devices, with MT5 also mentioned on the registration page as an option. The use of ECN technology is highlighted as a key feature for transparency and fast execution.

The platforms are described as user-friendly and suitable for both beginners and experienced traders. However, no information about demo accounts or mobile app details is provided in the available web content.

The registration page indicates that clients can choose between MT4 and MT5 accounts. The broker requires personal identification documents for account opening, including a national ID. Funding methods are not specified in the provided web pages, but typical options for Saudi-based brokers include bank transfers and local payment solutions.

The broker does not publish minimum deposit requirements or account tier information on the pages retrieved. Traders would need to contact the broker or proceed with registration to learn more about specific account features.

XO appears to target both Arabic-speaking and international traders, with its website available in Arabic and support for local offices. The broker's marketing emphasizes trust, low costs, and educational resources, aiming to attract retail traders seeking a direct market access (ECN) experience.

Given its unregulated status, the broker is likely unsuitable for risk-averse investors or those requiring a strong regulatory framework. The elevated FXCanary Scam Risk Score of 56/100 reinforces the need for caution.