Interview with Elie Nachawaty, Senior Business Development Manager – MENA at XS.com
Congratulations on XS.com being awarded the "Most Secure Broker" at the Oman Smart Vision Summit held in Muscat City. Could you share how XS.com prioritizes security measures to ensure the safety of its clients' investments?
Thank you for the congratulations. At XS.com, ensuring the security of our clients' investments and information is a top priority for us. We employ a multi-layered approach to security that encompasses technological solutions, operational procedures, and strict adherence to regulatory requirements.
Our security measures include robust encryption protocols, advanced authentication mechanisms, and continuous monitoring of our systems for any suspicious activities. We partner with trusted payment providers to ensure secure transactions.
Additionally, strict adherence to regulatory requirements and regular security audits underscore our commitment to maintaining the highest standards of security for XS.com‘s clients and partners.
We are constantly striving to be compliant with the strictest international regulatory guidelines, and our group entities are regulated and authorized by the most reputable regulatory bodies around the globe including ASIC in Australia, CySEC in Cyprus, FSA in Seychelles, LFSA in Labuan & FSCA in South Africa.
Moreover, XS provides clients with an additional layer of protection through the Civil Liability Insurance Program underwritten by Lloyd's of London. This insurance protection covers losses up to USD 5,000,000 against claims against omission, fraud, negligence and other risks that may lead to the financial loss of clients, at no direct cost to clients.
XS.com was recently crowned as the "Best Global Broker" at the Qatar Financial Expo (QFEX 2024) held in Doha. What sets XS.com apart from other global brokers, and how does it maintain its competitive edge in the market?
Thank you again for the recognition. At XS.com, we pride ourselves on being people-focused and readily available to everyone. Whether through face-to-face interactions or our 24/7 online support, we strive to ensure accessibility for all. XS.com stands out among global brokers for our unwavering commitment to innovation, reliability, and customer satisfaction. Additionally, we set ourselves apart by providing superior trading conditions, including competitive pricing, lightning-fast execution, and a diverse range of tradable assets. Furthermore, our dedication to transparency, integrity, and regulatory compliance has garnered the trust of clients worldwide. To maintain our competitive edge, we continually invest in technology, research, and development to anticipate market trends and meet the evolving needs of our traders, ensuring our ability to provide excellence in online trading.
XS.com has been gaining momentum across the MENA region. How does XS.com contribute to the development and advancement of smart trading solutions in this region?
XS.com is committed to advancing smart trading solutions in the MENA region by leveraging our expertise, resources, and partnerships. We contribute to the development of cutting edge trading solutions through initiatives such as educational programs, seminars, and workshops aimed at empowering traders with knowledge and skills. Additionally, we collaborate with industry stakeholders, regulatory bodies, and technology providers to drive innovation and promote best practices in the trading ecosystem. By fostering an environment of collaboration and knowledge-sharing, we aim to accelerate the adoption of next generation trading and contribute to the region's economic growth and prosperity.
Can you elaborate on XS.com's approach to organizing seminars and educational programs focused on advancing digital trading in the MENA region?
Certainly. At XS.com, we prioritize the advancement of advanced trading options in the MENA region through various educational initiatives, including offline seminars and online webinars. These activities are specifically designed to empower traders with knowledge and skills that enable them to navigate the dynamic trading landscape effectively. We cover topics ranging from market analysis and risk management to advanced trading strategies and technological innovations. By collaborating with industry stakeholders, regulatory bodies, and technology providers, we ensure that our seminars are informative, relevant, and impactful. Additionally, our offline seminars and workshops serve as invaluable opportunities for direct face-to-face interactions. Attendees have the opportunity to engage in meaningful conversations, and establish lasting connections. Our goal is to foster a culture of continuous learning and improvement among traders, ultimately contributing to enhanced trading capabilities.
With XS.com elevating its presence in the GCC through partnerships like the one with Qatar Financial Expo, and the one with Oman Smart Vision Summit, what strategic advantages does this bring to traders in the region?
Firstly, it enhances access to global markets and diversified investment opportunities, allowing traders to capitalize on emerging trends and market opportunities. Secondly, it facilitates knowledge exchange and collaboration among traders, enabling them to learn from each other's experiences and best practices. Lastly, it strengthens XS.com's position as a trusted partner and provider of innovative trading solutions, reinforcing our commitment to serving the needs of traders in the GCC and beyond.
XS.com's recognition as the "Best Multi-Asset Broker in the Middle East"and “Best Trading Conditions” at the UF Awards is commendable. Could you elaborate on the range of assets offered by XS.com and how it caters to the diverse needs of traders in the Middle East?
Thank you for acknowledging our achievement in this field. XS.com offers a wide selection of asset classes, including currencies, metals, energy products, shares, indices, commodities, futures, and cryptocurrencies, catering to the diverse needs of traders in the Middle East. We understand that each trader has unique preferences and investment objectives, which is why we provide a comprehensive range of assets to choose from. Whether traders are interested in forex trading or stock trading, XS.com provides them with the tools and resources they need to succeed in today's dynamic markets.
In addition our Multiple account types are designed to suit the needs of different types of traders and trading strategies. All Account types offer premium trading conditions and provide access to our deep liquidity and advanced trading technology.
XS.com empowers traders with dynamic leverage up to 1:2000. How does XS.com ensure responsible trading practices while offering such high leverage options to its clients?
Empowering traders with dynamic leverage options up to 1:2000 is a key feature of XS.com's platform. However, we understand the importance of responsible trading practices, especially when offering high leverage options to our clients. To ensure responsible trading, XS.com provides comprehensive risk management tools and educational resources to help traders understand the risks associated with leverage trading. We also have strict risk management protocols in place, including margin requirements, stop-loss orders, and negative balance protection, to mitigate potential losses and protect our clients' investments.
The provision of Mastercard by XS.com, along with the “XS Cards” mobile app for fund transfers, adds convenience for traders. Could you share how XS.com continues to innovate and enhance the trading experience for its clients?
Absolutely, XS.com is committed to enhancing the trading experience for our clients by continually innovating and introducing new features and services. The provision Mastercard, along with a mobile app for fund transfers, is just one example of our commitment to convenience and accessibility. This allows traders to seamlessly transfer funds between their XS.com trading accounts and their Mastercard, enabling them to access their funds anytime, anywhere.
We continuously strive to stay ahead of the curve by shaping our product development roadmap. Our dedication to innovation shines through our proactive efforts in integrating state-of-the-art technologies and enhancing our services.
Lastly, could you provide insights into XS.com's future and initiatives for further expansion and development in the MENA region's trading landscape?
XS.com remains devoted to further expansion and development in the MENA region. We will continue to invest in technology, research, and innovation to enhance our offerings and provide our clients with the best possible trading experience. Additionally, we will focus on strengthening our partnerships, expanding our product offerings, and delivering value-added services to meet the evolving needs of traders in the region.
Our goal is to remain at the forefront of the industry and continue to drive innovation, growth, and success for our clients and partners in the MENA region and beyond.
