Is XA MARKETS a scam?
Wikilix independent safety report
XA Markets (xamarkets.com) is a high-risk, offshore-only broker that we could not verify as safe, and we found no evidence it is an outright scam or fraud. Its only licence is a Comoros MISA registra…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
Broker Summary
Summary of the broker
Summary of XA MARKETS Broker
A brokerage that is trustworthy is essential for all levels of traders to make prudent and successful trades and has expanded their offerings to cover various types of trading tools, platforms, and account types. Although the target audience appears to be the technologically savvy trader, the amount of information offered about XA MARKETS is limited.
XA MARKETS Overview
There is little public information about XA MARKETS, including its enterprise history as well as the company's corporate events and milestones.
XA MARKETS operates in the global financial there appears to be no confirmed historical data regarding this broker's operations.
XA MARKETS provides the same tools and resources online brokers typically provide, such as:
Access to multiple asset classes
Competitive spreads and leverage
Various types of orders and account types
Potentially offer educational and market analysis resources
The specifics about these product/service offerings are not currently documented.
Regulation/Licensing
When evaluating any broker, it’s critical to evaluate them based on their regulatory oversight and licensing authority. Unfortunately, XA MARKETS has not clearly indicated or provided evidence of verifiable licensing and regulatory status. It is recommended than traders request proof of XA MARKET's regulatory oversight before opening accounts with them.
Regulator License Number Status
Limited information available Limited information available Limited information available
Trading Conditions/Platforms
XA MARKETS has not made any public disclosures of important trading conditions, i.e., spreads, leverage and minimum deposit requirement. Additionally, it’s unclear at this time if XA MARKETS uses their own proprietary platform or uses a third-party system like MetaTrader.
Trading Conditions Details
Spreads Limited information available
Leverage Limited information available
Minimum Deposit Limited information available
Platform Limited information available
Fees/Commissions
Providing a clear and concise fee structure to traders will minimise any surprises when incurring additional costs. To date, XA MARKETS has not published a detailed list of their fees, commissions and transaction fees.
Fee Type Details
Deposit Fees Limited information available
Withdrawal Fees Limited information available
Commission Limited information available
User Experience/Reputation
There is a shortage of independent reviews and verified feedback from XA MARKETS. As such, determining XA MARKETS service quality, performance of their trading platform and responsiveness of their customer support, will be extremely difficult for potential traders. Therefore, anyone interested in becoming an XA MARKETS trader should conduct thorough research and seek to find reviews from other resources.
XA MARKETS Recent News
To date, there have been no publicly available news announcements or updates related to any new products being offered, enhancements to existing trading platforms and/or additional features being offered by XA MARKETS.
Conclusion
Despite the availability of many types of trading tools, there are many gaps in publicly available information on XA MARKETS. The availability of detailed information related to XA MARKETS (i.e., Regulation, Trading Conditions, Fees, User Experience) is extremely limited; therefore, traders must be diligent in their research and evaluation of XA MARKETS.
Before opening an account with XA MARKETS, make sure to:
Request Verification of Regulatory Oversight
Clarify all fees/charges related to trading conditions
Review any available independent User Feedback
Ensure Compliance with Regulatory Oversight
As the trading community is soon becoming more competitive, having a trustworthy brokerage and confidence in the broker's business operations and their compliance to all regulations will require significant due diligence before opening a trading account with any broker.
Regulatory Licenses
Compliance & oversight
Trading with an unregulated broker puts your deposit at risk.
No regulation
We have not confirmed any regulation for XA MARKETS. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
- No compensation scheme covers your funds.
- No regulator to escalate a complaint to.
- No audit of how client money is held.
Account Types
Trading account options
StandardStandardMin Deposit USD 10 • Leverage 1:500 • Commission No commissions
ProVIPMin Deposit USD 1,000 • Leverage 1:500 • Commission No commissions
Funding Methods
Deposit & withdrawal options
bank transfer
Visa/MasterCardInstant
TeterInstant
Mobile bank( m pesa)Instant
Trading Platforms
Professional trading tools
Social Presence
Digital community engagement
Company Registration
Legal entity checked against the official company registry
Legal entity
XA Markets LTD
Registration number
HY00823026
Jurisdiction
Union of Comoros
Registry
Mwali International Services Authority (Registrar of Companies), Comoros
Registered address
Bonovo Road, Fomboni, Island of Moheli, Comoros Union
From our latest investigation · Verified Sep 14, 2026
View on official registry

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