Trust Broker HubTrustBrokerHub
Sign up
Regulated

XS

Australia · XS Ltd
Tier-2 regulated Australia 2-5 years Forex, CFD Main market: JP
0.0/ 10
Trust score

Fair

Mixed profile — check regulation and conditions before depositing.

Licensed-broker average 5.3 / 10
Visit website ↗ Read reviews Report broker Updated 30 Jul 2026
XS is regulated only in an offshore jurisdiction, which offers limited investor protection. See what this means →
User reviews
—
License status
Offshore
Operating since
2-5 years
Platforms
MT4
Min. deposit
—
Max. leverage
—
Account types
—
Website status
Unknown

XS Review — Overview

Updated 30 Jul 2026
Regulation
Tier-2 regulated
Licence
FSCA · No. Australia Securities & Investment CommissionRegulatedInstitution Forex License (STP)Australia374409The Seychelles Financial Services AuthorityOffshore RegulatedRetail Forex LicenseSeychellesSD089Cyprus Securities and Exchange CommissionSuspicious CloneStraight Through Processing (STP)Cyprus412/2
Licence status
Regulated
Platforms
MT4
Instruments
Forex and CFDs
Operating
2-5 years
Main market
JP
Entity
XS Ltd
Website
Unknown

XS is a forex & CFD broker based in Australia, operating for 2-5 years. On Trust Broker Hub it holds a Trust Score of 4.0 out of 10, which we rate as Fair — below the 5.3/10 average for brokers that hold a verified licence. Mixed profile — check regulation and conditions before depositing.

XS's licence comes from an offshore jurisdiction (FSCA). Offshore regulation is far lighter than tier-1 oversight from bodies like the FCA (UK) or ASIC (Australia): there is usually no compensation scheme, and recovering funds can be difficult if the broker runs into trouble. Treat it with extra caution and verify the licence on the regulator's own register.

XS provides access to forex and CFDs. Its detailed trading conditions — minimum deposit, spreads and maximum leverage — are not publicly disclosed, which lowers transparency. No complaints are currently on record. Overall, XS has a mixed profile: check its regulation and conditions carefully before depositing.

Trust score breakdown

How is this calculated?
Regulation tier & jurisdiction 8.0 / 10 × 50%
Transparency public disclosure 2.0 / 10 × 20%
Footprint track record 3.0 / 10 × 15%
Reviews no verified trader feedback yet 3.0 / 10 × 10%
Complaint record no complaints on record 10.0 / 10 × 5%
Weighted total 5.65
Data completeness 4 of 10 facts verified 40%  ×0.70
Trust Score 4.0 / 10

Trust Score history

XS currently scores 4.0/10. The trend line will build here as the Trust Score is re-evaluated over time.

Pros

  • Holds a FSCA licence
  • No unresolved complaints on record
  • Listed in our verified broker directory

Cons

  • Offshore-only regulation with weaker investor protection
  • Trading conditions and fees not publicly disclosed
  • Always verify the licence directly before depositing

Regulation

1 licence
South Africa flag
FSCA — South Africa
XS Ltd
Regulated · No. Australia Securities & Investment CommissionRegulatedInstitution Forex License (STP)Australia374409The Seychelles Financial Services AuthorityOffshore RegulatedRetail Forex LicenseSeychellesSD089Cyprus Securities and Exchange CommissionSuspicious CloneStraight Through Processing (STP)Cyprus412/2
Tier 2 · Mid
Verified

Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.

Trading conditions

Self-reported
InstrumentsNot disclosed
Minimum depositNot disclosed
Maximum leverageNot disclosed
Typical spreadNot disclosed
PlatformsMT4
Demo accountNot disclosed

We mark unverified fields as “Not disclosed” rather than estimate them.

Our verdict on XS

Editorial · updated 30 Jul 2026
Our analysis · editorial 4.0/10

A mixed risk profile

XS is regulated under a mid-tier authority (FSCA). It is based in Australia. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 4.0/10 — a mixed profile.

Strengths
  • Holds a recognised mid-tier licence (FSCA)
  • No complaints on record with us
  • Supports MT4 trading
Watch-outs
  • Always confirm the licensed entity covers traders in your country
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.

This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.

User reviews

0 reviews
—

No user reviews yet. Traded with XS? Your review helps others decide.

Write a review
5 0
4 0
3 0
2 0
1 0

XS — Questions & Answers

0 questions

Log in to ask a question about XS.

No questions yet about XS. Be the first to ask — answers from the community and our team help every trader.

Complaints & alerts

0 on record
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag XS here if that changes.

Full specifications

Regulated region
Australia
Operating period
2-5 years
Main market
JP
License status
Regulated

Frequently asked

Is XS a safe broker?
XS scores 4.0 / 10 on our Trust Score, below the 5.3 average for brokers that hold a verified licence. It is only offshore-regulated, which means weaker protection. It has no complaints on record with us. Trade only with funds you can afford to lose.
How is the XS trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from XS?
XS doesn't publish detailed withdrawal terms, so we can't verify processing times or fees. Test with a small amount first and document every transaction.