Capital.com vs XS: Which Broker Is Better?

Capital.com operates through several regulated entities, including Capital Com (UK) Limited, authorised by the UK FCA under licence number 793714; Capital Com Australia Pty Ltd, regulated by ASIC under licence number 513393; and Capital Com SV Investments Limited, authorised by CySEC under licence number 319/17. The group also includes an entity regulated by the DFSA in Dubai under licence number F006943, together with regulated entities in other jurisdictions.

Capital.com applies client-protection measures that include segregated client funds, anti-money-laundering and compliance requirements, and negative-balance protection for eligible retail clients. Additional compensation schemes or protection measures may be available depending on the regulatory entity responsible for the account.

Leverage, products, investor rights and complaint procedures depend on the legal company through which the account is opened. Traders should therefore verify the entity name and licence number shown in the client agreement rather than relying on Capital.com’s combined list of global licences.

Capital.com protects client funds by keeping them separate from the company’s operating funds in segregated accounts under applicable regulatory requirements. Eligible retail clients may also receive negative balance protection, helping limit losses to the funds available in the trading account. Additional compensation schemes or safeguards may apply depending on the entity and jurisdiction.

Traders should review the legal entity, applicable protection rules and compensation limits before depositing, because the available safeguards are not necessarily identical across all Capital.com entities.

XS operates through a broad regulatory structure that includes XS Prime Ltd, authorised by ASIC under licence number 374409, and XS Markets Ltd, regulated by CySEC under licence number 412/22, together with entities supervised by the FSCA in South Africa, the FSA in Seychelles, the FSC in Mauritius and the LFSA in Malaysia. The group also has registrations or related entities connected to the UAE and Kuwait, reflecting its international reach.

Traders should distinguish between a full financial-services licence and registrations or authorisations with a different scope. The appearance of the XS name in a local register does not necessarily provide the same level of protection available under ASIC or CySEC, and trading conditions, leverage and complaint procedures may vary according to the legal company accepting the account.

When researching XS licences, the number of regulators listed is not enough. Traders should identify the specific entity they will contract with and verify its number in the official register. ASIC and CySEC entities may be more suitable for traders prioritising strict oversight, while some international entities may offer greater flexibility under a different level of regulatory protection.

XS applies client fund protection measures according to the regulatory entity responsible for each account. These measures include separating eligible client money from company operating funds, together with controls related to deposits, withdrawals, identity verification and anti-money-laundering requirements. XS agreements also provide negative balance protection under the applicable conditions.

Negative balance protection may limit liability from losses exceeding the available trading-account balance, but legal safeguards are not identical across all entities. Investor compensation eligibility, complaint procedures and client-money protection may differ between the ASIC, CySEC and international entities in Seychelles, Mauritius and other jurisdictions. Traders should verify their legal company before depositing.