XS is a financial company that began operations in 2010 and its CEO and staff are former employees of EXNESS. Although it is a new FX broker targeting individual investors, it has been active as an LP for over 10 years.
XS is an overseas FX broker registered in Cyprus, Australia and Seychelles.is.
Previously, our main business was B2B business as an LP (liquidity provider) company, but in 2023 we began operating as a broker for individual investors.
hiro fx
If you open an account using my link, there is a great cashback campaign, so read to the end!
overview
Maximum Leverage
Currently 500 times (but soon to be 1000 times)
Country
Cyprus
Account opening bonuses, etc.
none
Financial License
ASIC, FSA, CYSEC
Insurance that XS has
Civil liability insurance from Lloyd's of London in the UK
CEO
Mohamad Ibrahim
Sponsorships and Partnerships
Sponsor of players who participate in Wimbledon and the French Open
About XS's license
XS Australian Financial Institutions License (ASIC) Registration Information
Licensee
ASIC
Current Details
Name:XS PRIME LTD License Number: 374409 Status: Current ABN: 92 141 194 934 Commenced: 13/09/2010
XS Cyprus Financial License (CySEC) Registration Information
XS Seychelles Financial Services Agency (FSA) Registration Information
Licensee
FSA
Current Details
License number: SD089. Company Number: 8428765-1 Address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles,
hiro fx
In terms of licenses, just having ASIC in Australia and CySec in Cyprus gives it a high level of credibility!
The company also plans to eventually obtain the UK's highest license, FCA, and Dubai's DFSA. Furthermore, these licenses require large monthly funding to maintain, so having these good licenses can be considered an indicator of the size of your financial resources.
XS Compensation Insurance
XS offers additional insurance to cover losses over $10,000 and up to $5 million in the event of bankruptcy. We have joined the world's largest civil liability insurance program with Lloyd's of London to ensure that our customers and partners have the appropriate protection when needed.
hiro fx
This year, concerns have arisen regarding overseas brokers in terms of GEM's management, but XS has apparently taken out the above-mentioned insurance. Although it is an overseas FX broker, it is able to provide services to Japanese customers as well, so you can rest assured!
I have already deposited about 1.12 million yen because I believe I have the financial strength to manage the business.
Although XS is a new broker, I personally think that it has a high reputation for being a new broker in terms of licenses and funds. First of all, the fact that they have an ASIC license is one of the major points of praise. They are also planning to obtain licenses from the FCA in the UK and the DFSA in Dubai in the future. Next, we are covered by the civil liability insurance program of Lloyd's of London, which is said to be one of the largest insurance companies in the world, so I believe this will provide a hedge against risk in the event something happens to the broker. I also think that the fact that they sponsor events like Wimbledon is proof of their source of funding.
Of course, since it is an overseas broker, you should always deposit and manage your surplus funds (^^♪
hiro fx
Since there are no bonuses, he is instead investing his funds in the trading environment. In fact, I have been using the EA myself, and the current environment is very good for day trading and scalping. Going forward, we will take real forwards, and if there are no problems, we will also deploy morning scanning here!
