The FX and CFDS Broker XS.com retail that it has been licensed by the Financial Services Committee (FSC) in Mauritius.
The company said that this strategic move marks a significant milestone for XS.com, which provides the world broker multi -assets an authorized entity to Mauritius, which highlights its steadfast commitment to regulatory compliance and excellent service in 2010.
Xs.com added that the new license would enhance its ability to serve its growing global customer base, ligating with the broker’s strategic vision of international expansion.
The addition of Mauritius’s license increases the number of jurisdictions where xs.com operates under strict regulatory supervision. These jurisdictions include the Australian Securities and Exchange Commission (ASIC), the Capital Market Commission (CYSEC), the Financial and Industry Financial Services Authority (FSA), Authority Financial Services (Labuan Financial Services Assuctity (LFSA) in Malaysia, Financial Advice (FSCA) in South Africa and the Ministry of Capital and Industry (Moci) in Kuwait.
Mohamad Ibrahim, Managing Director of the team at XS.com, commented,
“We are excited about securing a new license by the Mauritius FSC Committee (FSC), as we continue to develop and boost our financial transactions. services ”.
The Mauritius Financial Services Committee (FSC) is a financial services regulator responsible for overseeing all aspects of the Financial Services sector established in 2001, its mission is its license, regulation, monitoring and supervision of corporate activity in many areas. According to the regulator, Mauritius is committed to promoting the country’s long -term growth as a powerful and competitive center of financial services, with the ultimate goal of becoming a global economic hub.
The objectives of this department include the prevention and detection of crime and negligence for the protection of investors in non -bank financial products, as well as maintaining the integrity and stability of the Mauritius banking system.
Recently, XS.com launched its brand in Kuwait with the opening of its first office in the city of Kuwait through its recently licensed entity, XS Online.
About Xs.com
The XS Group (operating under the name “XS” or “Xs.com”) is a multi -asset broker that provides access to trade a wide range of financial products. Originally founded in Australia in 2010, XS.com now has its headquarters in both Cyprus and the UAE. XS.com and its subsidiaries hold licenses in a variety of jurisdictions, such as Australia, Cyprus, South Africa, Malaysia, Mauritius and Seychelles. The company is run by Dubai Mohamad Ibrahim Managing Director.