Xelans Markets Review

Account types

Deposits / Withdrawals

• Deposit Methods: Bank Wire Transfer, UnionPay, Credit/Debit Cards
• Withdrawal Methods: Bank Wire Transfer, Credit/Debit Cards, UnionPay
• Account Currencies: ‎AUD, GBP, EUR, USD

About Xelans Markets

Xelans Markets Limited is a Mauritius-incorporated Global Business Company that states it is authorised and regulated by the Financial Services Commission (FSC) of Mauritius as an Investment Dealer under Global Licence Number GB23201934. The firm’s legal notice cites licence codes FS‑4.1 and SEC‑2.1B (Investment Dealer – Full Service Dealer, excluding underwriting), and lists addresses at 1st Floor, Standard Chartered Tower, 19 Cybercity, Ebene, and Level 6, Ken Lee Building, 20 Edith Cavell St., Port Louis. Official website: xelansmarkets.com. Official site FSC (licence categories)

The broker offers CFDs across multiple asset classes shown on its site, including forex, indices, commodities, metals, futures, ETFs, shares and crypto. Trading platforms include MetaTrader 5 for Windows, iOS and Android, plus a TradingView integration. Account types include an STP account (spreads from 0.7 pip, no commission) and an ECN Raw + $3 account (raw spreads from 0.0 pip, $3 round‑turn commission), both with maximum leverage up to 1:500. The FAQ states a minimum deposit of USD 50 and mentions account base currencies including USD, EUR and GBP. Funding/withdrawal options presented include cards, bank transfer, e‑wallets and crypto. Official site Official site

Policy highlights published by the company include execution‑only services and detailed margin/stop‑out logic in the Client Agreement (e.g., margin call may start at 120%, the firm may auto‑close from 100% margin level, and stop‑out may occur at 20%). The “About” page markets negative balance protection, while the Client Agreement cautions that a negative balance is not guaranteed to be prevented in adverse market conditions; the Agreement governs in such cases. The website also states that services are not provided to residents of the European Union, the UK, Australia, Canada, the United States and certain other jurisdictions. Client Agreement (PDF) Official site

Who it’s for

• Traders seeking MT5 on desktop and mobile, with optional TradingView integration for charting and execution.
• Cost‑focused traders choosing between no‑commission STP pricing or raw spreads with a fixed $3 round‑turn commission.
• Experienced traders comfortable with leverage up to 1:500 and execution‑only service terms.
• Residents outside restricted jurisdictions listed by the company (e.g., EU, UK, Australia, Canada, United States).

Pros and cons

Pros

• FSC‑Mauritius authorisation cited with Global Licence Number GB23201934 (Investment Dealer, code SEC‑2.1B).
• Two clearly described account types, with published spreads/commissions and leverage up to 1:500.
• MT5 across Windows/iOS/Android and a TradingView option; multi‑asset CFD coverage shown on site.
• Minimum deposit USD 50; multiple funding methods including cards, bank transfer, e‑wallets and crypto.

Cons

• The Client Agreement states negative balances are not guaranteed to be prevented under adverse market conditions, despite a marketing claim of negative balance protection.
• Execution‑only model (no investment advice) per the Client Agreement.
• Stated restriction on servicing residents of the EU, UK, Australia, Canada and the United States.