— Contents 10 sections
  1. 01 Is the XT.com referral code “REQ9DQ” still active?
  2. 02 What the XT.com referral code “REQ9DQ” gets you
  3. 03 XT.com sign-up steps with the referral code
  4. 04 What to do after signing up at XT.com
  5. 05 The XT.com referral code cannot be added after sign-up
  6. 06 What is XT.com
  7. 07 What makes XT.com distinct
  8. 08 XT.com regulatory landscape
  9. 09 XT.com availability across major jurisdictions
  10. 10 Risks to acknowledge before using XT.com

chainhelm’s exclusive XT.com referral code is .

As of 2026-07-17, we signed up as a new user and confirmed that the referral code was applied.

Enter the code at sign-up to receive a new-user bonus of up to 8,888 USD equivalent. The referral code can only be entered at sign-up — it cannot be added afterwards, so we recommend applying it during registration.

This article covers the sign-up process with the XT.com referral code, XT.com’s distinguishing features, availability across major jurisdictions, and the risks to acknowledge — with the sign-up flow and code application verified first-hand by chainhelm’s editorial team.

Is the XT.com referral code “REQ9DQ” still active?

The chainhelm editorial team created a fresh XT.com account on 2026-07-17 and confirmed that the referral code “REQ9DQ” is still active.

Here is the actual screen captured during verification.

— Figure 1
Account creation form
2026-07-17
Account creation form
The email field is empty while the referral code REQ9DQ shows pre-filled with a green check and the agreement box is already ticked. Source: chainhelm editorial

The screen shows “REQ9DQ”, confirming that the referral code REQ9DQ was correctly applied.

chainhelm continuously verifies the validity of the code and confirms it remains usable.

What the XT.com referral code “REQ9DQ” gets you

Apply this code at sign-up to receive the following benefits on XT.com:

  • Benefit: a new-user bonus of up to 8,888 USD equivalent
  • Expiration: None
  • Eligibility: New users

The referral code is only applied during account creation. If you forget to enter it, you won’t receive the benefits — please make sure to apply it at sign-up.

XT.com sign-up steps with the referral code

We cover the sign-up process separately for PC/browser and smartphone (mobile).

PC/browser sign-up steps

  1. First, open the XT.com official sign-up page (the link applies the referral code). When you open it, you’ll see a screen like the one below.

  2. Create your account

    — Figure 2
    Account creation form
    2026-07-17
    Account creation form
    The email field is empty while the referral code REQ9DQ shows pre-filled with a green check and the agreement box is already ticked. Source: chainhelm editorial

    On the “Create an account” screen, keep the “Email” tab selected and type the address you want to register into the field below it. (Prefer a phone number? Switch to the “Mobile” tab instead.)

    Under “Referral Code (Optional)”, check that the code REQ9DQ is already filled in and marked with a green check — this is what links your account to chainhelm’s referral, so leave it as is. Then make sure the box agreeing to XT’s “User Agreement” and “Privacy Policy” is ticked.

    Click “Sign Up” to submit — on mobile the same button reads “Register & Claim 8,888 USDT”. (You can also sign up with the Google or Apple buttons under “or”, and the panel beside the form advertises a “Register to Claim 8,888 USDT” bonus.) XT then emails you a code and moves you to the verification screen.

  3. Enter the email verification code

    — Figure 3
    Email code entry
    2026-07-17
    Email code entry
    The code field is empty, with the masked destination address and a five-minute validity note above it and the "Resend" timer counting down. Source: chainhelm editorial

    The “Email Verification Code” screen confirms a code has gone to your address — shown partly masked, like pn***[email protected] — and that it stays valid for 5 minutes. Open your inbox to read it; the next figure shows where it lands.

    Type the six-digit code into the “Enter verification code” field. If nothing arrives, wait for the “Resend” countdown to run out and request a fresh one.

    Click “Next”. Once the code checks out, XT takes you on to the password creation screen.

  4. Find the code in your inbox

    — Figure 4
    The verification email
    2026-07-17
    The verification email
    The email from XT.COM displays the six-digit registration code in a green highlight, noting it is valid for five minutes. Source: chainhelm editorial

    Open the message titled “Email Verification” from the sender XT.COM ([email protected]) in your inbox. Inside, XT highlights your six-digit registration code in green, alongside a reminder that it is valid for 5 minutes and should never be shared — not even with support.

    Read off the code, then return to the verification screen from the previous step to enter it.

  5. Create your password

    — Figure 5
    Password creation
    2026-07-17
    Password creation
    The password field is empty and the three requirement checks below it are all still grayed out. Source: chainhelm editorial

    On the “Create password” screen, click into the “Please enter password” field and type the password you want to use.

    Below the field, XT lists three requirements — “At least 8 characters”, “At least 1 uppercase letter”, and “At least 1 number” — each grayed out until your entry meets it. Choose something that satisfies all three; the checks update as you type, which the next step shows once every rule is met.

  6. Confirm and finish sign-up

    — Figure 6
    Requirements met
    2026-07-17
    Requirements met
    The password field is filled and all three requirement checks below it now show green, with "Completed" ready to submit. Source: chainhelm editorial

    Once your password is entered, confirm that all three requirement checks — 8 characters, an uppercase letter, and a number — have turned green. That green is your cue to proceed.

    Click “Completed” to finish creating the account. Sign-up is now done, and XT logs you in and opens the homepage.

Smartphone (iOS / Android) sign-up steps

  1. First, open the XT.com official sign-up page in the mobile app or browser (the link applies the referral code). When you open it, you’ll see a screen like the one below.

  2. Create your account

    — Figure 7
    Account creation form
    2026-07-17
    Account creation form
    The email field is empty while the referral code REQ9DQ shows pre-filled with a green check and the agreement box is already ticked. Source: chainhelm editorial

    On the “Create an account” screen, keep the “Email” tab selected and type the address you want to register into the field below it. (Prefer a phone number? Switch to the “Mobile” tab instead.)

    Under “Referral Code (Optional)”, check that the code REQ9DQ is already filled in and marked with a green check — this is what links your account to chainhelm’s referral, so leave it as is. Then make sure the box agreeing to XT’s “User Agreement” and “Privacy Policy” is ticked.

    Click “Sign Up” to submit — on mobile the same button reads “Register & Claim 8,888 USDT”. (You can also sign up with the Google or Apple buttons under “or”, and the panel beside the form advertises a “Register to Claim 8,888 USDT” bonus.) XT then emails you a code and moves you to the verification screen.

  3. Enter the email verification code

    — Figure 8
    Email code entry
    2026-07-17
    Email code entry
    The code field is empty, with the masked destination address and a five-minute validity note above it and the "Resend" timer counting down. Source: chainhelm editorial

    The “Email Verification Code” screen confirms a code has gone to your address — shown partly masked, like pn***[email protected] — and that it stays valid for 5 minutes. Open your inbox to read it; the next figure shows where it lands.

    Type the six-digit code into the “Enter verification code” field. If nothing arrives, wait for the “Resend” countdown to run out and request a fresh one.

    Click “Next”. Once the code checks out, XT takes you on to the password creation screen.

  4. Find the code in your inbox

    — Figure 9
    The verification email
    2026-07-17
    The verification email
    The email from XT.COM displays the six-digit registration code in a green highlight, noting it is valid for five minutes. Source: chainhelm editorial

    Open the message titled “Email Verification” from the sender XT.COM ([email protected]) in your inbox. Inside, XT highlights your six-digit registration code in green, alongside a reminder that it is valid for 5 minutes and should never be shared — not even with support.

    Read off the code, then return to the verification screen from the previous step to enter it.

  5. Create your password

    — Figure 10
    Password creation
    2026-07-17
    Password creation
    The password field is empty and the three requirement checks below it are all still grayed out. Source: chainhelm editorial

    On the “Create password” screen, click into the “Please enter password” field and type the password you want to use.

    Below the field, XT lists three requirements — “At least 8 characters”, “At least 1 uppercase letter”, and “At least 1 number” — each grayed out until your entry meets it. Choose something that satisfies all three; the checks update as you type, which the next step shows once every rule is met.

  6. Confirm and finish sign-up

    — Figure 11
    Requirements met
    2026-07-17
    Requirements met
    The password field is filled and all three requirement checks below it now show green, with "Completed" ready to submit. Source: chainhelm editorial

    Once your password is entered, confirm that all three requirement checks — 8 characters, an uppercase letter, and a number — have turned green. That green is your cue to proceed.

    Click “Completed” to finish creating the account. Sign-up is now done, and XT logs you in and opens the homepage.

What to do after signing up at XT.com

We cover identity verification separately for PC/browser and smartphone (mobile).

PC/browser identity verification

— Figure 12
Logged-in homepage
2026-07-17
Logged-in homepage
The homepage loads logged in with the "New user limited-time gift" modal offering "8,888 USDT" open over it. Source: chainhelm editorial

Signing up drops you onto XT’s homepage, already logged in — the top bar now carries your account icon, a “Deposit” button, and the full trading menu. A “New user limited-time gift” modal opens over the page, offering up to “8,888 USDT” for new accounts, with “Claim now” and “Check later” beneath it.

Pick “Claim now” to follow that promotion or “Check later” to dismiss it; neither blocks what comes next. To lift your account’s limits before trading, open your account area and head to Identity Verification, which the next figure covers.

— Figure 13
Identity Verification page
2026-07-17
Identity Verification page
The account's "Identity Verification" page shows an "Unverified" status, with the pre-verification deposit and withdrawal limits listed below. Source: chainhelm editorial

In your account, open the “Identity Verification” tab. At the top, “Personal Verification” is selected and your status reads “Unverified”, next to a “Current Amount Limit” tag; the “Fiat” and “Cryptocurrency” rows below spell out the limits that apply until you verify — deposits are unlimited, while daily withdrawals are capped.

XT notes that verification uses photo and video authentication and that review takes up to 2 days. Click “Verify Now” to begin, and the identity verification form opens — the next figure walks through it.

— Figure 14
Identity verification form
2026-07-17
Identity verification form
The verification form is blank, with country and "ID card" pre-selected and empty fields for name, certificate number, the two ID photos, and the authentication video. Source: chainhelm editorial

The identity verification form opens with a warning that details cannot be changed once approved, so fill it in carefully. Your country (“Colombia” here) and document type (“ID card”) are pre-selected at the top; adjust them if needed, then enter “Real Name” and “Certificate Number” exactly as they appear on your document.

Upload a clear photo for the “Portrait Side of ID Card” and one for the “National Emblem Side of ID Card”, keeping to the jpg, jpeg, or png formats and the 5 MB size the notice lists.

At the “Upload authentication video” step, record yourself reading out the digits XT shows on screen — or scan the QR code to download the XT app and record it there — then upload the clip. With every field and file in place, submit the form to send your documents for review.

Smartphone (iOS / Android) identity verification

— Figure 15
Logged-in homepage
2026-07-17
Logged-in homepage
The homepage loads logged in with the "New user limited-time gift" modal offering "8,888 USDT" open over it. Source: chainhelm editorial

Signing up drops you onto XT’s homepage, already logged in — the top bar now carries your account icon, a “Deposit” button, and the full trading menu. A “New user limited-time gift” modal opens over the page, offering up to “8,888 USDT” for new accounts, with “Claim now” and “Check later” beneath it.

Pick “Claim now” to follow that promotion or “Check later” to dismiss it; neither blocks what comes next. To lift your account’s limits before trading, open your account area and head to Identity Verification, which the next figure covers.

— Figure 16
Identity Verification page
2026-07-17
Identity Verification page
The account's "Identity Verification" page shows an "Unverified" status, with the pre-verification deposit and withdrawal limits listed below. Source: chainhelm editorial

In your account, open the “Identity Verification” tab. At the top, “Personal Verification” is selected and your status reads “Unverified”, next to a “Current Amount Limit” tag; the “Fiat” and “Cryptocurrency” rows below spell out the limits that apply until you verify — deposits are unlimited, while daily withdrawals are capped.

XT notes that verification uses photo and video authentication and that review takes up to 2 days. Click “Verify Now” to begin, and the identity verification form opens — the next figure walks through it.

— Figure 17
Identity verification form
2026-07-17
Identity verification form
The verification form is blank, with country and "ID card" pre-selected and empty fields for name, certificate number, the two ID photos, and the authentication video. Source: chainhelm editorial

The identity verification form opens with a warning that details cannot be changed once approved, so fill it in carefully. Your country (“Colombia” here) and document type (“ID card”) are pre-selected at the top; adjust them if needed, then enter “Real Name” and “Certificate Number” exactly as they appear on your document.

Upload a clear photo for the “Portrait Side of ID Card” and one for the “National Emblem Side of ID Card”, keeping to the jpg, jpeg, or png formats and the 5 MB size the notice lists.

At the “Upload authentication video” step, record yourself reading out the digits XT shows on screen — or scan the QR code to download the XT app and record it there — then upload the clip. With every field and file in place, submit the form to send your documents for review.

With your account created through chainhelm’s referral link and identity verification now underway, you’re set to fund the account and start trading on XT once the review clears.

The XT.com referral code cannot be added after sign-up

The referral code can only be entered at sign-up — it cannot be added afterwards.

If you complete account registration without entering the referral code, it cannot be linked to that account afterwards — so double-check the field before you finish sign-up.

If you have not yet completed KYC (identity verification), creating a fresh account is still an option.

  • Is REQ9DQ displayed in the referral code field?
  • Re-check the referral code field before completing account creation

What is XT.com

XT.com’s origins, scale, and where its volume actually sits

XT.com launched in October 2018 and has grown into a mid-tier global exchange, but pinning down basic facts about it takes some care. Exchange trackers place its registration in the Seychelles, the press routinely describes its operations as Dubai-based, and XT itself names no single headquarters city; third-party profiles list the operating entity as “Fibtc Ltd”, which XT does not confirm through any official channel.

2018Foundedlaunched October 2018
7.8M–12MRegistered usersXT’s own figures, unaudited
≈USD 1.40BSpot 24h volumeCoinGecko spot rank #84
≈USD 7.2BDerivatives 24h volumeCoinGecko derivatives rank #8

Those headline figures come with caveats worth stating plainly. XT’s own About page contradicts itself on scale — the headline reads “12,000,000+” registered users while the body text says “over 7.8 million”, and no audited number exists, which is why we carry it as a range. CoinMarketCap puts spot turnover slightly higher at around USD 1.52B, and CER.live assigns the platform a security grade of BBB (76/100). On breadth, XT advertises 1,000+ coins and 1,300+ trading pairs, though aggregators count fewer active markets (CoinGecko lists 720 coins and 791 pairs; CoinMarketCap counts 800+ coins).

The single most important fact about XT sits in the gap between its two order books: its derivatives franchise (CoinMarketCap rank #10, open interest around USD 6.5B) ranks far above its spot business, which the panel above places at rank #84. This is a futures-first venue whose spot listings are the secondary act — a framing that shapes everything in the chapter that follows. For the same reason, we do not describe XT as regulated or licensed anywhere; nothing in its scale implies that.

Trading fees and the XT-token discount

Spot trading
0.2% maker / 0.2% taker at the standard tier, falling by VIP level to 0.02% at Premium VIP.
Futures trading
≈0.02% maker / ≈0.06% taker at the standard tier (the full per-tier futures table sits behind a login).
XT-token fee discount
Around 25% off spot fees when fees are paid in XT, the platform’s native token (secondary sources cite a 10–50% range; spot only, with no futures discount reported).

These are the headline tiers as of 2026-07-17, and the schedule tightens with VIP volume, so active traders pay less than the standard rate shown. The native-token discount is best read as a structural condition rather than an offer: it applies only when you settle fees in XT and only on the spot side, so it rewards holders of the token rather than lowering the sticker rate for everyone. XT does not publish a comparable withdrawal or deposit cost table in a durable form, so we leave those out rather than estimate them.

What makes XT.com distinct

XT.com’s edge: a derivatives-led, high-leverage, long-tail profile

If XT is a futures-first venue, its distinguishing features all cluster around that identity. Against the spot-first mid-tier field it competes with, four things set it apart — and each is a reason a particular kind of trader ends up here rather than at a larger, more conservative exchange.

Derivatives-led liquidity
Its futures book (derivatives rank #8 on CoinGecko, #10 on CoinMarketCap, around USD 7.2B in 24h turnover) materially outranks its spot book — the reverse of most mid-tier peers, which lead with spot.
TradFi perpetuals
USDT-margined perpetual futures on equity indices (SP500, NAS100, DJ30) and commodities (OIL, GOLD/XAUT) at up to 500x leverage — products most mid-tier crypto exchanges do not offer at all.
Interest-free margin
Margin trading at 3x–20x with no interest charged, an atypical structure XT claims as a “first” among centralized exchanges.
Long-tail listings
A broad, fast-moving listing pipeline (1,000+ coins, 1,300+ pairs) that onboards small-cap, meme and prediction-token markets quickly.

Read together, these are the levers XT pulls to win a specific trader: someone who wants leverage, TradFi-style perpetuals, and early access to thin-float tokens under one login. None of it is unique in isolation, but the combination is uncommon at XT’s size, which is the honest case for choosing it over a bigger, plainer venue.

Who XT.com fits, and when a licensed venue serves you better

Good fit

XT suits

Derivatives and high-leverage traders, and long-tail altcoin, meme and prediction-token traders, who want breadth and leverage under one login and accept that the venue is thinly regulated.
Look elsewhere

A licensed venue serves you better

Anyone who prioritizes domestic licensing, local-currency fiat rails, statutory investor protection, or regulated spot access — XT is unlicensed in every market we researched, so a locally licensed exchange (see the per-market alternatives later) is the sounder choice.

That second column is a real recommendation, not a hedge: if statutory protection matters to you more than product range, a regulated venue wins outright. The honest complication is that XT’s derivatives franchise — up-to-500x crypto and TradFi perpetuals, interest-free margin, a long tail of listings — has no like-for-like at those regulated venues, so the trade-off is genuine rather than one-sided. Whether XT is the right home depends on which side of that trade you are actually willing to make, and this guide keeps availability and legality (the next chapters) separate from the fit question answered here.

XT.com regulatory landscape

No confirmed major license, and a Seychelles regulator’s disavowal

XT describes itself as holding “major regulatory licenses”, but it names no specific authority and no license number, and we located no verified major license in any jurisdiction — so we do not repeat the claim as fact. On a subject this consequential, an undocumented assertion is not evidence of regulation.

The clearest external signal points the other way. The Seychelles Financial Services Authority published a notice dated 2026-04-09 stating that www.xt.com is not linked to any entity it licenses or regulates in any capacity — a disavowal from the very jurisdiction where trackers say XT is registered. Set against a derivatives book that turns over billions a day, that is a thin regulatory footing, and the direction of travel is toward more scrutiny, not less, even as XT publicly emphasizes “compliance”. One structural point matters for everything below: XT runs a single global platform with no regional sibling entities, so where that platform is closed to a market, the alternative is a third-party licensed exchange, not a local XT.

Excluded regions and named regulatory warnings

Excluded regions (XT User Agreement)United States, Canada, China, Cuba, North Korea, Singapore, Sudan and Venezuela, plus Crimea. US persons are fully prohibited.

Two of those exclusions — the United States and Singapore — carry through to who can actually sign up, which the next chapter handles for readers in those markets. The United Kingdom is a different case: XT stays reachable there, but the Financial Conduct Authority added XT.com to its Warning List as an unauthorized firm (first published and last updated 2025-03-25), which means UK users have no recourse to the Financial Ombudsman Service and no FSCS protection if something goes wrong. Separately, the FCA’s ban on selling crypto-derivatives — CFDs, options and futures — to UK retail consumers (in force since 2021-01-06) bars XT’s high-leverage crypto and TradFi perpetuals for retail users in Britain.

Where XT.com operates unregistered across the target markets

United KingdomReachable, unauthorizedon the FCA Warning List
AustraliaReachable, unregisterednot on the ASIC alert list
IndiaReachable, unregisteredabsent from FIU-IND actions

Across these markets the pattern is consistent, as the panel above shows: XT operates without local registration or authorization, but outside the UK it has mostly stayed off the enforcement radar rather than earning a named action. “Unregistered” is a lighter status than an outright ban — yet it is not the same as being regulated, and it leaves users with no domestic body to turn to. We found no documented, dated instance of XT exiting a market or jurisdiction, which is worth noting here and revisiting as a forward-looking risk in the final chapter.

XT.com availability across major jurisdictions

XT is open in most of the markets this guide covers, but two of them — the United States and Singapore — are exceptions the referral link cannot get you around. Here is what applies in each, and where to go instead.

United States: XT.com does not accept US residents

XT’s User Agreement lists the United States among its excluded regions, and US persons are fully prohibited. In practice that means new sign-ups and referral-code use are simply not available to US residents — the block is XT’s own, enforced by IP geoblocking, not a ban imposed on XT by a US regulator. Because XT runs no US entity, there is no compliant way in from the United States, so the sensible move is a US-licensed venue instead.

NYDFS BitLicense

Coinbase

US-domiciled and NASDAQ-listed (COIN), with a NYDFS BitLicense, FinCEN MSB registration and state money-transmitter licenses, plus USD rails. Entry spot fees run 0.40%/0.60% — higher than XT — with narrower derivatives and altcoin depth.
Wyoming SPDI

Kraken

Licensed across every US state except New York and Maine, with FinCEN MSB registration, a Wyoming SPDI charter and CFTC-regulated derivatives via Bitnomial. Kraken Pro spot starts at 0.40%/0.80%.
NYDFS trust charter

Gemini

NYDFS trust-chartered and available in all 50 states, with full-reserve custody. ActiveTrader spot starts at 0.60%/1.20%; no high-leverage derivatives.
CFTC-regulated derivs

Crypto.com

Available in 49 states (excluding New York) through US-licensed entities, with USD rails and CFTC-regulated US derivatives. Exchange base spot is 0.25%/0.50%.

None of these carries XT’s up-to-500x leverage or its long tail of listings — that is the cost of trading somewhere with statutory protection — but for a US resident they are the venues that will actually open an account and stand behind it.

Singapore: XT.com self-prohibits new sign-ups

Singapore is also on XT’s excluded-regions list, so new sign-ups from Singapore are not accepted. As with the US, this is an exchange-imposed geoblock — XT holds no MAS license and has closed the market itself — rather than a ban handed down by the Monetary Authority of Singapore. One honest caveat before the alternatives: MAS restricts retail crypto derivatives and leverage, so the licensed Singapore venues below are regulated spot exchanges, not a like-for-like replacement for XT’s leveraged derivatives.

MAS MPI license

Coinhako

A homegrown Singapore platform (Hako Technology) with a MAS Major Payment Institution license and SGD-native funding via PayNow/FAST; flat 0.6% SGD spot.
MAS MPI license

Independent Reserve

MAS Major Payment Institution license (PS20200517), with SGD via PayNow/FAST and USD via SWIFT; tiered spot from 0.5% down to 0.02%.
MAS MPI license

OKX SG

MAS Major Payment Institution license (September 2024); the broad-altcoin spot offering closest to XT’s range, with base spot around 0.08%/0.10%.
MAS MPI license

Crypto.com

MAS Major Payment Institution license (Foris DAX Asia), with SGD funding via FAST and an app and card ecosystem; Exchange base spot around 0.25%/0.50%.

For a Singapore resident who wants regulated custody and SGD rails, any of these is a cleaner route than trying to reach a venue that has closed the door — with the standing caveat that the leverage and derivatives XT offers are, by MAS design, not part of the deal.

Risks to acknowledge before using XT.com

Counterparty health and an unaudited proof-of-reserves page

The first risk with any exchange is the boring, existential one: can it stay solvent, and can you get your money out? XT’s record on both is specific enough to look at directly rather than in the abstract.

≈USD 1.7MHot-wallet breach2024-11-28, ≈461.58 ETH
≈24hWithdrawals suspendedall withdrawals halted, then resumed
1.5x+Reserves vs user assetsXT’s own statement

The 2024-11-28 breach in the panel above is the clearest test case. Analysts read it as a compromised private key rather than a protocol flaw, and PeckShield flagged it first; XT initially described the withdrawal freeze as “wallet upgrade and maintenance” before confirming the incident and restoring access. Stated neutrally, this is one operational-wallet compromise handled with a same-day freeze and a reserves reassurance — neither a catastrophe nor a non-event, but a real data point about how XT secures funds and how it communicates under stress.

Proof of reserves gapXT’s proof-of-reserves page is a self-serve Merkle-tree tool that claims 1:1 coverage of 100% or more, but its “mainstream assets” reserve-ratio table currently shows “No data” and names no auditor. CER.live characterizes XT as being “without proof of reserves audit”.

Thin regulatory standing and up-to-500x leverage exposure

The regulatory facts from the previous chapter return here as a risk you carry personally. XT holds no confirmed major license; the Seychelles FSA has publicly disavowed any link to it (2026-04-09); and it has drawn named action in more than one market — the UK FCA Warning List (2025-03-25) and, in South Korea, a KoFIU referral naming XT among unregistered foreign platforms (2022-08-18) followed by a Google Play block of its Android app around 2025-03-25. The practical consequence is blunt: where XT is unlicensed — which is everywhere we looked — no domestic investor-protection scheme stands behind your balance.

Up to 500xLeverage on select perpsincl. TradFi index / commodity perps
BBB (76/100)CER.live security gradeno ISO 27001 / CCSS

The other XT-specific exposure sits in the panel above: leverage of up to 500x on select perpetual contracts — including the TradFi index and commodity perps that make XT distinctive — turns small adverse moves into liquidations, and it does so on a platform whose security certifications the same panel shows to be thin. This is not a generic caution about leverage in the abstract; it is the specific pairing of very high leverage with a mid-grade security posture that defines XT’s risk profile.

Very high leverage on a thinly regulated, mid-grade-security venue is the trade every XT user makes — knowingly or not.