XS Markets Ltd is the CySEC-regulated Cyprus entity of the globally rebranded XS.com group (formerly XSMarkets, founded 2010), which also operates ASIC-licensed and FSCA-licensed entities alongside several smaller offshore ones that don't count as Tier-1.
| Regulated entity | XS Markets Ltd |
|---|---|
| Regulation | CySEC No. 412/22 + FSA Seychelles No. SD089 |
| Other Tier-1 regulators | ASIC, FSCA |
| Founded | 2010 |
| Headquarters | Not independently confirmed |
| Minimum deposit | No minimum |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5 |
| Instruments | 700-1,100+ instruments (sources disagree) across forex, metals, energy/commodities, indices, shares, crypto CFDs, and futures. No official total instrument count was found. |
See XS Markets's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Standard (commission-free, spreads from 0.7 pips, $200 minimum deposit) and Raw (spreads from 0 pips, around $6 commission per round lot, $500 minimum deposit); an Islamic/swap-free variant is available only on the Standard profile, restricted to Muslim clients. |
|---|---|
| Execution model | One independent review describes XS as offering STP or ECN execution on its CFD range, without clearly differentiating by account type in sources found. |
| Withdrawals & deposits | No internal XS fee for deposits or withdrawals under normal use, but XS's own funding-methods page states it reserves the right to apply a withdrawal fee of up to 3% in cases of no trading activity or suspected abuse -- functioning more like a dormant-withdrawal penalty than a classic inactivity fee. Deposit minimums/times: bank transfer $300 (1-7 days), cards $20 (instant), Skrill/Neteller $15 (instant). Withdrawal minimums/times: bank transfer $250 (1-7 days), cards $5 (7-10 days), Skrill $50 (1 day), Neteller $15 (instant). |
| Overnight financing (swap) | Calculated on the interest-rate differential between a pair's two currencies, applied at a daily cutoff around 5pm EST; the broker's markup over that rate wasn't disclosed in sources found. The Islamic account on the Standard profile is swap-free, with no further fee structure found. |
| Currency conversion cost | XS doesn't charge its own conversion fee, but third-party payment providers or banks may apply conversion/network fees; account funding currencies are limited to EUR, USD and GBP. |
| Inactivity fee | General aggregator sources claim no inactivity fee, but this is in tension with XS's own withdrawal-fee clause above for dormant/no-activity accounts -- treat the "no inactivity fee" claim as not fully confirmed given that conflict. |
| Customer service | Trustpilot TrustScore around 4/5; a separate review aggregator rates it 4.8/5 (38 reviews). Independent comments praise quick live-chat responses and professionalism. |
| Mobile experience | No specific App Store or Google Play star rating was found in this research pass. |
| Educational offering | One reviewer explicitly flagged a "lack of additional tools and educational resources" as a drawback, describing the educational support as somewhat poor -- independent sentiment on this item is mixed-to-negative, unlike most peers researched so far. |
See how XS Markets's spread cost compares across every researched broker → · Forex broker fees explained
Is XS Markets regulated?
Yes -- CySEC No. 412/22 + FSA Seychelles No. SD089. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if XS Markets fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at XS Markets?
Our research confirms a minimum deposit of No minimum.
What trading platforms does XS Markets offer?
XS Markets offers MT4, MT5.
What is XS Markets's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was XS Markets founded?
XS Markets was founded in 2010.
How is XS Markets's overall score calculated?
XS Markets currently scores 3.35/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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