Which Xtrade entity serves UAE residents
Xtrade has not confirmed to BrokerBazaar whether it accepts UAE residents, and it lists no UAE-licensed entity. Availability should be treated as unconfirmed until the broker states it in writing.
Status on BrokerBazaar UAE: Availability not confirmed. "Available" is not the same as "regulated in the UAE": only a Capital Market Authority (CMA, formerly SCA), DFSA or FSRA licence gives you local supervision and a local complaints route.
Funding in AED and local payment methods
Xtrade has not stated AED account denomination or UAE local bank transfer on its BrokerBazaar submission. Deposit methods listed: not disclosed. Expect USD-denominated accounts and a card or bank FX conversion fee unless the broker confirms AED wallets.
Withdrawal methods listed: not disclosed. UAE banks may query incoming payments from offshore brokers; keep your deposit records.
Islamic (swap-free) account for UAE traders
Xtrade has not specified whether a swap-free account is offered. Ask before opening an account if this matters to you.
UAE-specific risk note
Because Xtrade has no UAE licence on record, the CMA cannot intervene in a dispute. None of the recorded regulators is strict-tier, so recourse is limited. The CMA periodically publishes warnings about unlicensed platforms marketing to UAE residents; check its list before depositing.
Leveraged CFD trading carries a high risk of loss. Nothing on this page is personal financial advice.
Xtrade at a glance
Xtrade is an international forex and CFD broker operated by WizBrokers Limited, licensed by the Seychelles FSA as a Securities Dealer (SD203).
Xtrade has not disclosed a founding year. It lists 1 regulator and 0 trading platforms.
BrokerBazaar verdict
Our research team has not yet published a written verdict for Xtrade. The BrokerBazaar Intelligence Score is 48/100 (high risk), computed from regulatory, operational, transparency, reputation and domain-history signals. Scores are editorial assessments, not user ratings, and are never influenced by payment.
Legal entities, regulation and licences
Xtrade operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. BrokerBazaar is currently reviewing this broker's information against public records. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
Xtrade states that it accepts clients from International. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Trading products, platforms and account types
Instruments: Forex, CFDs. Platforms: Not disclosed. Account types: Not disclosed.
Best-for tags assigned by our team: International Traders.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is Not Verified. Spreads start from Not Verified and commission is Not Verified. Maximum leverage is Not Verified, subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not specified. Swap type: not specified. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Not disclosed. Withdrawal methods: Not disclosed.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Not specified. Algorithmic trading allowed: Not specified. News trading allowed: Not specified. Hedging: not specified.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Xtrade has not published a complaints procedure to BrokerBazaar. Regulated entities must operate one; ask support for the formal complaints address.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Seychelles FSA securities dealer licence
- Limitation: Offshore licence only; no investor compensation scheme
- Limitation: Former EU entity (Xtrade Europe) renounced its CySEC licence
- Limitation: FSA warned on 8 Jul 2025 about a fraudulent clone site (xtradevip.com)
Who this broker suits, and who it does not
Xtrade is most relevant to traders looking for: International Traders.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
Xtrade change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for Xtrade yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about Xtrade
Data sources. Broker submission, the regulator registers linked above, Broker licences page; Seychelles FSA capital-markets register, web-archive and domain records, and third-party traffic data. Last register check 2026-11-07.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We have no commercial relationship with Xtrade. How we make money. Trading leveraged products carries a high risk of loss.