XStrades

XStrades broker is the Persian-language version of the XS brand, a brokerage founded in Australia in 2010 that today presents itself as a multi-asset fintech broker. XStrades serves Iranian traders with a Persian website and Persian support. In this overview, we review this broker's licenses, legal structure, accounts, payment methods and risks based on Teagle's data.

What kind of broker is XStrades?

XS has more than a decade of experience in financial services and has expanded its physical presence to Cyprus and the United Arab Emirates to better serve international clients. The broker's trading instruments include currencies, metals, cryptocurrencies, energy and indices. According to Teagle's expert assessment, XStrades has implemented a hybrid model in the Iranian market: it benefits from the reputation, security infrastructure and technology of a large financial group, but serves Iranians through an entity registered in an offshore jurisdiction in order to get around legal restrictions and sanctions.

XStrades licenses and credibility

The XS group has seven active licenses in Teagle's listing:

• ASIC Australia (No. 374409);
• CySEC Cyprus (No. 412/22);
• FSCA (No. 53199);
• SCA (No. 20200000339);
• FSA (No. SD089);
• FSA Saint Vincent and the Grenadines (No. 27216);
• Labuan FSA.

The key point is that, according to Teagle's expert, the Persian version is supervised only by offshore regulators, and the broker's use of the parent company's reputable regulators does not reflect the actual protection available to Iranian users. The lack of a separate client agreement for the Persian website is another serious legal ambiguity with this broker. We have explained the difference between these two levels of supervision in the article What are offshore and onshore brokers .

Does XStrades serve Iranians?

Yes; service to Iran, a Persian website and Persian support are listed among XStrades' features. However, according to Teagle's review, Persian support is mostly provided via Telegram in a limited and unofficial way, and Persian-speaking users have complained about its inconsistent and sometimes poor quality. Teagle recommends contacting support at different times before depositing and judging the quality of responses for yourself.

XStrades trading accounts

Teagle's table lists four accounts for this broker, all offering leverage up to 1:500 and an Islamic (swap-free) version, and all available on MT5:

• Standard: spread of 1.1 pips and margin call at 40%;
• Classic: floating spread of 1.6 pips and margin call at 40%;
• Elite: minimum deposit of $500, commission of $3 per lot and floating spread of 0.1 pips;
• Cent: floating spread of 1.1 pips, margin call at 60% and stop-out at 10%, for currencies and metals only.

The minimum deposit and commission for the Standard, Classic and Cent accounts are not recorded in Teagle's data. The Elite account, with its low spread and $3 commission, is more attractive for short-term trading; scalping and news trading are also listed among the broker's features. Before choosing, review the guide to scalping in forex .

XStrades platforms and services

Trading at XStrades is done on MetaTrader 4 and MetaTrader 5. The broker's additional services are varied: copy trading, PAMM, bonuses, rebates, the XS AI Tools, the XS Trading Miles program, education, calculators and the XS VIP loyalty program. This program gives high-volume traders benefits such as a dedicated account manager, advanced analysis and better trading conditions. Read the details of this broker's copy trading setup in the article XStrades partners with Brokeree for copy trading , and follow active bonuses on the broker bonuses page .

Deposits and withdrawals at XStrades

Teagle's data lists three payment methods for this broker: Rial, Tether (USDT) and Perfect Money. Tether deposits are listed with zero fees, but details on minimum deposits, withdrawal fees and processing times are not available. Teagle's expert considers the limited payment channels and Rial deposits and withdrawals to be among this broker's weaknesses. If you are new to Tether, see the article Common mistakes Iranians make when buying Tether .

XStrades rating and risk on Teagle

XStrades' final rating on Teagle is 3.19 out of 5, drawn from five sources: Trustpilot 3.9, Teagle expert 3.6, Teagle users 3, Forex Peace Army 2.82 and WikiFX 2.61. The Teagle Eye risk index for this broker is 18 out of 100, in the "low risk" category, mainly due to its seven active licenses and 16 years of history. Keep in mind that this index counts the licenses of the entire group, whereas according to Teagle's expert the Persian version is under offshore supervision only. See the broker's weekly position in the low-risk broker rankings .

XStrades pros and cons

• Pro: parent group with ASIC, CySEC, FSCA and SCA licenses and 16 years of history
• Pro: competitive trading conditions, including the Elite account with a 0.1-pip spread and $3 commission
• Pro: copy trading, PAMM, VIP program and AI tools
• Con: the Persian version is under offshore regulators only and has no separate client agreement
• Con: limited Rial deposits and withdrawals
• Con: limited, unofficial Persian support of inconsistent quality

Who is XStrades suitable for?

In Teagle's assessment, XStrades is a worthwhile option for professional and semi-professional Iranian traders who prioritize execution quality and are comfortable with crypto deposits and withdrawals. At the same time, anyone who cannot tolerate legal ambiguity should know that the protection of the group's top-tier regulators does not extend to the Persian account. For a better assessment, put XStrades side by side with an Iran-focused competitor in the XStrades vs OpoFinance comparison .

Conclusion

XStrades has the backing of a multi-licensed group, competitive trading conditions and a variety of additional services, but the legal ambiguities of the Persian version, the limits on Rial payments and the inconsistent quality of support should be taken seriously before depositing. Start with small capital, make a test withdrawal in Tether, and follow the latest warnings on the risk warning page .