XS vs JustMarkets: Which Broker Is Better?

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.

JustMarkets emphasizes client protection features such as segregated accounts and negative balance protection in its official materials. Its trust profile is practical, though the strength of safeguards still depends on the operating entity.

JustMarkets states that client funds are held separately from the company’s operating funds. Negative balance protection is also available under the conditions of the relevant account and legal entity, helping prevent eligible clients from being required to cover a negative balance caused by exceptional market movements.

The legal strength of these safeguards is not identical for every JustMarkets client. Client-money rules, investor compensation arrangements and complaint procedures may differ between the CySEC-regulated entity and international entities regulated in Seychelles, Mauritius or the British Virgin Islands. Traders should confirm the legal company responsible for their account before depositing.