XSTrades

XSTrades is the trading brand of XS Trades LTD, a company registered in Saint Vincent and the Grenadines and established on 28 October 2024. The broker operates the official domain xstrades.com and presents itself as a multi-asset online trading provider offering retail forex and CFD products through the MetaTrader 4 and MetaTrader 5 platforms.

As a newly formed entity, XSTrades has a limited operational history of roughly 21 months as of our review. Our records indicate that the company lists four regulatory licences across Cyprus, Australia, South Africa, and Seychelles, though the status of each licence is not published in our files. Independent public information about the broker is scarce, and we found no verifiable website or social-media presence beyond the official domain.

XSTrades reports four regulatory authorisations on file, spanning multiple jurisdictions. These include a CySEC Forex Execution License (STP) in Cyprus, an ASIC Inst Forex Execution (STP) licence in Australia, an FSCA Derivatives Trading License (EP) in South Africa, and an FSA Derivatives Trading License (EP) in Seychelles. The licence numbers are recorded in our files as 412/22, 374409, 53199, and SD089 respectively.

It is important to note that the registration of the company itself is in Saint Vincent and the Grenadines, a jurisdiction known for light regulatory oversight. While the listed licences suggest an intent to operate under multiple regulatory frameworks, the status of each authorisation is not confirmed in our records. Traders should verify the current standing of these licences directly with the respective regulators before engaging with the broker.

XSTrades offers five account types, all accessible through MetaTrader 4 or MetaTrader 5. The CENT MT5 and STANDARD MT4/MT5 accounts require no stated minimum deposit and feature a minimum spread of 1.1 pips on EURUSD, with maximum leverage of 1:500. The ELITE MT4 and ELITE MT5 accounts require a minimum deposit of $500 and offer a tighter minimum spread of 0.1 pips on EURUSD, with a commission of $3 per lot and the same maximum leverage of 1:500.

Across the account tiers, the broker provides access to a range of instruments including currencies, metals, crypto, energies, indices, futures, and shares, though the exact availability varies by account type. The ELITE accounts cover currencies, metals, crypto, energies, indices, and futures, while the STANDARD MT5 account also includes shares. The CENT MT5 account is limited to currencies and metals.

The broker's product offering spans six asset classes: currencies, metals, crypto, energies, indices, futures, and shares. This multi-asset approach is typical of modern retail CFD brokers, allowing traders to diversify across traditional and digital markets from a single platform.

Maximum leverage is uniformly set at 1:500 across all account types, which is a high-leverage offering common in offshore-regulated environments. Spreads vary by account type, with the ELITE accounts offering tighter spreads at 0.1 pips on EURUSD, while the CENT and STANDARD accounts start at 1.1 pips. Commission structures are only disclosed for the ELITE accounts, at $3 per lot.

Our records do not list any specific deposit or withdrawal methods for XSTrades. The absence of published funding information is notable, as it limits a trader's ability to assess the convenience and cost of moving money in and out of the broker.

Given the lack of disclosed payment options, potential clients should exercise caution and seek clarification from the broker directly. The absence of transparent funding details is a common characteristic of newly established or lightly regulated brokers, and it adds to the overall uncertainty surrounding this entity.

XS Trades LTD was founded on 28 October 2024 and is registered in Saint Vincent and the Grenadines. Our records show zero employees on file, and we found no verifiable website or social-media presence beyond the official domain xstrades.com. This lack of operational footprint is a significant concern for a broker claiming multiple regulatory licences.

Additionally, our monitoring has identified one clone or impersonator site associated with XSTrades. This suggests that the broker's name may be used by third parties to deceive traders, further complicating the task of verifying the legitimate entity. Traders should be vigilant and ensure they are dealing with the official xstrades.com domain only.

In FXCanary's assessment, XSTrades presents an elevated risk profile, reflected in a Scam Risk Score of 55 out of 100. Key risk flags include its recent establishment (about 21 months old), its registration in an offshore jurisdiction with light oversight, and the lack of a verifiable website or social-media presence.

While the broker lists four regulatory licences, the status of these authorisations is not confirmed in our records, and the company's registration in Saint Vincent and the Grenadines does not align with the jurisdictions of the claimed licences. This discrepancy, combined with the absence of independent reviews and the presence of a clone site, warrants a cautious approach. Traders considering XSTrades should conduct thorough due diligence and verify all regulatory claims directly with the relevant authorities.