Retail FX and CFDS Broker XS.com announced that it has obtained a license from the United Arab Emirates (SCA) Authority (UAE). The company said this achievement marks a milestone moment on the Group’s global journey and greatly enhances its presence in the UAE, from which the company is already headquartered.
Like many of the recently granted licenses from SCA to CFDS brokers, it is a limited “Class Five” license, which restricts XS.com’s activity in the UAE in financial consultations, import and promotion activities. Other category licenses five in 2025 included Neex, Countryview, Eightcap, EC markets, CPT markets, VPFX and Startrader. (A full category 1 license would also allow for brokerage and commercial services and immediate possession of customer capital.)
Through this license, XS.com has created a new Entity in the UAE, XSTRADE Financial Consultation LLC, which will operate with a SCA Category 5, as noted above. This landmark authorizes XS.com to operate under one of the most respected regulatory frameworks in the world, further enhancing its reputation as a broker of trust and credibility.
The XS.com was licensed by the Financial Services Committee (FSC) at the end of August.
Shadi Salloum, Xs.com’s regional manager at Mena, said,
“Ensuring our new SCA license in the UAE is a moment of pride for everyone at XS.com and a strong validation of the credibility we have created over the years.
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, UAE, Malaysia, Mauritius and Seychelles. The company is run by Dubai Mohamad Ibrahim Managing Director.