Retail FX and CFDs broker XS.com has announced that it has secured a license from the Securities & Commodities Authority (SCA) of the United Arab Emirates (UAE). The company said that this achievement marks a landmark moment in the group’s global growth journey and significantly strengthens its presence in the UAE, from where the company already is headquartered.
Like many of the recently-granted licenses by the SCA to CFDs brokers, it is a limited “Category Five” license, which restricts XS.com’s activity in the UAE to Financial Consultations, Introduction and Promotion activities. Other Category Five license recipients during 2025 have included Neex, Tradeview, Eightcap, EC Markets, CPT Markets, VPFX, and STARTRADER. (A full Category One license would also allow for providing brokerage and trading services, and direct holding of client funds.)
Through this license, XS.com has established a new entity in UAE, XStrade Financial Consultation LLC, which will operate under a SCA Category 5 license, as noted above. This milestone empowers XS.com to operate under one of the world’s most respected regulatory frameworks, further enhancing its reputation as a broker of trust and credibility.
XS.com in late August received a license from the Financial Services Commission (FSC) in Mauritius.
Shadi Salloum, Regional Director of XS.com in the MENA, said,
“Securing our new SCA license in UAE is a moment of pride for everyone at XS.com and a powerful validation of the credibility we have built over the years. The United Arab Emirates is a prestigious and dynamic global financial hub, and being licensed here represents not only a regulatory milestone but also a clear signal of our commitment to excellence, transparency, and client protection.”
About XS.com
The XS Group (operating under brand name “XS” or “XS.com”) is a Global Multi-Asset Broker providing access to trade a wide range of financial products. Originally established in Australia in 2010, XS.com is now headquartered in both Cyprus and the UAE. XS.com and its subsidiaries hold licenses in a variety of jurisdictions including Australia, Cyprus, South Africa, the UAE, Malaysia, Mauritius and Seychelles. The company is run by Dubai based CEO Mohamad Ibrahim.
