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Global multi-asset broker XS.com has obtained a new licence from the Financial Services Commission (FSC) in Mauritius, further expanding its international regulatory framework.
Founded in Australia in 2010, XS.com has grown into a FinTech and financial services provider with licences across multiple jurisdictions. The addition of Mauritius enhances the company’s capacity to serve its expanding client base while reinforcing its focus on compliance.
The broker is already regulated by the Australian Securities and Investments Commission (ASIC), the Cyprus Securities and Exchange Commission (CySEC), the Financial Services Authority of Seychelles (FSA), the Labuan Financial Services Authority (LFSA) in Malaysia, the Financial Sector Conduct Authority (FSCA) in South Africa, and the Ministry of Commerce and Industry (MOCI) in Kuwait.
"We are excited about securing a new license from the Financial Services Commission (FSC) Mauritius, as we continue to grow and enhance our offerings in the financial trading space. This new license not only solidifies our presence in the financial services industry, but also aligns with our core principles of prioritizing regulatory compliance and delivering exceptional service.”
— Mohamad Ibrahim, Group Chief Executive Officer, XS.com
Mauritius’ Financial Services Commission, established in 2001, regulates the non-bank financial services sector. Its remit includes licensing, monitoring, and oversight of corporate activity, with a stated aim of positioning Mauritius as a competitive financial services hub while safeguarding investors and maintaining system integrity.
The new licence comes shortly after XS.com launched its brand in Kuwait, opening an office in Kuwait City under its licensed entity XS Online.
XS.com is a global multi-asset broker offering access to a broad range of financial instruments. The company provides traders, institutional investors, and brokers with liquidity solutions, trading technology, and customer support. Operating under the brand name “XS”, it has established a presence in multiple jurisdictions since its founding in 2010.
