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XS Prime Review
XS Prime is the ASIC regulated Australian arm of the XS.com broker group. A sister company, XS Ltd, was warned by Japan's regulator in 2024 for trading unlicensed.
Min Deposit
N/A
Spreads From
Not independently confirmed for the ASIC regulated entity specifically
Max Leverage
Restricted for Australian retail clients under ASIC product intervention rules
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Genuinely ASIC regulated in Australia under license number 374409
- One of the founding entities of the wider XS Group, registered since 2009
- Part of a large group also licensed by CySEC, FSCA, and other regulators
- Offers familiar platforms, including MetaTrader 4 and MetaTrader 5
Cons
- Sister entity XS Ltd was formally warned by Japan's regulator in September 2024
- That warned firm shares a Seychelles address with two other banned operators
- Independent monitor WikiFX reported blocked withdrawals and reversed profits in 2026
- The multi entity group structure makes it hard to know which firm holds client funds
XS Prime Ltd is an Australian company, number 141 194 934, registered in Sydney since December 2009. It holds a real ASIC licence, number 374409, and is one of the founding entities behind the wider XS Group, which trades globally under the XS.com brand.
The XS Group also runs entities regulated by CySEC in Cyprus, the FSCA in South Africa, and regulators in Labuan, Mauritius, the UAE, and Kuwait. This spread gives the brand real licenses, but it also means a client's funds may sit with a different XS company than the one they expect.
There are real concerns too. Japan's Kanto Finance Bureau warned sister entity XS Ltd in September 2024 for soliciting Japanese residents without registration, and noted its Seychelles address matches two other firms Japan had already banned. In 2026, independent monitor WikiFX reported blocked withdrawals and reversed profits among XS traders.
Max Leverage
Restricted for Australian retail clients under ASIC product intervention rules
Spreads From
Not independently confirmed for the ASIC regulated entity specifically
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
