XS Plus

XS Plus is a Hong Kong-registered entity, incorporated on 15 April 2021. The company lists its physical address at Block F, 10th Floor, Comfort Building, 88 Nathan Road, Tsim Sha Tsui, Kowloon, Hong Kong. While the entity maintains a presence on social media platforms such as Facebook, Instagram, and Twitter/X, it does not hold any known regulatory authorisation from financial authorities.

As an unregulated broker, XS Plus operates outside the oversight of major financial regulators, which raises significant concerns for traders. The lack of regulation means there is no independent body to ensure adherence to industry standards, client fund segregation, or dispute resolution mechanisms.

Our records indicate that XS Plus currently holds no regulatory licences from any financial authority. This absence of regulation is a critical red flag for potential clients. Regulated brokers are required to meet strict capital requirements, undergo regular audits, and provide investor protection schemes, none of which apply to XS Plus.

Traders should exercise extreme caution when considering an unregulated broker. In the event of a dispute or financial loss, there may be no recourse through a regulatory ombudsman or compensation scheme. The broker's registration in Hong Kong does not equate to being regulated by the Hong Kong Securities and Futures Commission (SFC) or any similar body.

XS Plus was founded in 2021, making it a relatively young entity in the financial services space. Its registered address in a commercial building in Kowloon is a common location for many small brokerage firms, but this does not provide any assurance of operational substance.

The broker's online presence includes active social media accounts, which could be used for client acquisition and marketing. However, without access to its official website or verified promotional materials, we cannot confirm the scope of its services or the accuracy of its claims.

Given the lack of regulatory oversight and limited publicly available information, the risk profile for XS Plus is severe. FXCanary's Scam Risk Score of 75/100 reflects these concerns. Traders considering this broker face potential risks including loss of funds, unfair trading practices, and difficulty withdrawing money.

We strongly advise traders to verify any entity's regulatory status independently before depositing funds. For XS Plus, the absence of a verified regulatory licence is a clear warning that the broker does not meet the baseline standards expected of legitimate financial service providers.

In summary, XS Plus is an unregistered entity based in Hong Kong with no known regulatory authorisation. While its exact business model remains unverified, the combination of a high-risk score and lack of transparency makes it unsuitable for most retail traders.

Until the broker provides verifiable regulatory credentials and demonstrates a commitment to client protection, we recommend avoiding XS Plus entirely. Traders seeking exposure to forex or CFDs should only consider brokers supervised by reputable regulators such as the FCA, ASIC, or CySEC.