alhossam.zx22
Recruit
- Messages
- 1
WARNING: This broker is NOT a member of any external dispute resolution body in Australia. This is illegal.
I am a victim of organised fraud. XS.com showed me an Australian licence (AFSL 374409) to gain my trust. What happened next was a fully constituted crime. This is not a bad trade complaint. This is documented forgery and technical manipulation.
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CRIME 1: PRICE MANIPULATION (152 TIMES THE REAL MARKET)
On 26 March 2026, in a single second, their server destroyed my accounts:
| Time | Real Binance Price | XS.com Fake Price | What They Did |
|------|-------------------|-------------------|---------------|
| 01:00:00 | 4,516.25 | 4,526.47 | Artificially raised the price to wipe out my SELL orders |
| 01:00:01 | 4,516.11 | 4,505.07 | Artificially dropped the price to destroy my hedge account |
During these two seconds, the global market moved 0.14 USD. Their price moved 21.40 USD. That is not volatility. That is deliberate manipulation at 152 times the natural movement. Statistically impossible. Proof is in the attached screenshots.
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CRIME 2: FORGERY
When I demanded my rights, they sent me an official Account Statement. But they made a criminal mistake: they used the exact same Ticket Numbers but changed 64 SELL orders into BUY orders. The forgery proof is in the attachments. This is not an error. This is deliberate falsification of a financial document.
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CRIME 3: NOT REGISTERED WITH AFCA (ILLEGAL)
This is the point every trader must understand. Under Australian law (Regulation 7.9.73 of the Corporations Regulations 2001), any company holding an AFSL must be registered with the Australian Financial Complaints Authority (AFCA) so that a client can lodge a complaint against them. XS Prime Ltd holds the licence but is NOT registered with AFCA. This means they deliberately blocked my legal right. This is conclusive proof of bad faith and organised fraud. I have written proof from AFCA confirming this.
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LEGAL PROCEEDINGS (I DID NOT JUST COMPLAIN)
I have taken this case to the Federal Court of Australia (Case No. NSD777/2026) before Justice Needham. My claim now exceeds 318,000 USD, including 200,000 USD in Exemplary (Punitive) Damages.
I have also applied for a Freezing Order over their Australian assets for 500,000 AUD. In South Africa, the Financial Sector Conduct Authority (FSCA) has opened a formal investigation against them (Ref: 1-394805).
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DIRECT WARNING TO TRADERS: WHY YOU SHOULD FEAR XS.COM
Do not let the Australian licence fool you. I trusted them precisely because of that licence. They used it as bait. What I discovered too late is that they:
1. Are NOT registered with AFCA: This is the first nail in their coffin. It means you, as a trader, have no impartial body to complain to if they steal your money.
2. Control the server: They can move the price artificially at any moment to hit your stop loss or liquidate your account.
3. Forge account statements: If you object, they will change the trade type in your statement and tell you "you bought instead of sold".
This is not a bad broker. This is a systematic trap.
---
WHAT HAPPENS NOW?
I am waiting for the Federal Court hearing. I will not back down. I have come too far. Any settlement attempt from them now must be public.
Any lawyer in Australia reading this: if you specialise in Corporations Act litigation or financial fraud, and you are able to represent or assist me in court, please contact me immediately.
---
CASE ATTACHMENTS:
- One PDF file containing all evidence (price comparison screenshots, forgery images, AFCA non-membership proof, and XS.com's own admission of the 21.40 USD swing).
---
I welcome any questions from the community. I am here to expose the truth.
Aiman Sheryan
Federal Court Case NSD777/2026
I am a victim of organised fraud. XS.com showed me an Australian licence (AFSL 374409) to gain my trust. What happened next was a fully constituted crime. This is not a bad trade complaint. This is documented forgery and technical manipulation.
---
CRIME 1: PRICE MANIPULATION (152 TIMES THE REAL MARKET)
On 26 March 2026, in a single second, their server destroyed my accounts:
| Time | Real Binance Price | XS.com Fake Price | What They Did |
|------|-------------------|-------------------|---------------|
| 01:00:00 | 4,516.25 | 4,526.47 | Artificially raised the price to wipe out my SELL orders |
| 01:00:01 | 4,516.11 | 4,505.07 | Artificially dropped the price to destroy my hedge account |
During these two seconds, the global market moved 0.14 USD. Their price moved 21.40 USD. That is not volatility. That is deliberate manipulation at 152 times the natural movement. Statistically impossible. Proof is in the attached screenshots.
---
CRIME 2: FORGERY
When I demanded my rights, they sent me an official Account Statement. But they made a criminal mistake: they used the exact same Ticket Numbers but changed 64 SELL orders into BUY orders. The forgery proof is in the attachments. This is not an error. This is deliberate falsification of a financial document.
---
CRIME 3: NOT REGISTERED WITH AFCA (ILLEGAL)
This is the point every trader must understand. Under Australian law (Regulation 7.9.73 of the Corporations Regulations 2001), any company holding an AFSL must be registered with the Australian Financial Complaints Authority (AFCA) so that a client can lodge a complaint against them. XS Prime Ltd holds the licence but is NOT registered with AFCA. This means they deliberately blocked my legal right. This is conclusive proof of bad faith and organised fraud. I have written proof from AFCA confirming this.
---
LEGAL PROCEEDINGS (I DID NOT JUST COMPLAIN)
I have taken this case to the Federal Court of Australia (Case No. NSD777/2026) before Justice Needham. My claim now exceeds 318,000 USD, including 200,000 USD in Exemplary (Punitive) Damages.
I have also applied for a Freezing Order over their Australian assets for 500,000 AUD. In South Africa, the Financial Sector Conduct Authority (FSCA) has opened a formal investigation against them (Ref: 1-394805).
---
DIRECT WARNING TO TRADERS: WHY YOU SHOULD FEAR XS.COM
Do not let the Australian licence fool you. I trusted them precisely because of that licence. They used it as bait. What I discovered too late is that they:
1. Are NOT registered with AFCA: This is the first nail in their coffin. It means you, as a trader, have no impartial body to complain to if they steal your money.
2. Control the server: They can move the price artificially at any moment to hit your stop loss or liquidate your account.
3. Forge account statements: If you object, they will change the trade type in your statement and tell you "you bought instead of sold".
This is not a bad broker. This is a systematic trap.
---
WHAT HAPPENS NOW?
I am waiting for the Federal Court hearing. I will not back down. I have come too far. Any settlement attempt from them now must be public.
Any lawyer in Australia reading this: if you specialise in Corporations Act litigation or financial fraud, and you are able to represent or assist me in court, please contact me immediately.
---
CASE ATTACHMENTS:
- One PDF file containing all evidence (price comparison screenshots, forgery images, AFCA non-membership proof, and XS.com's own admission of the 21.40 USD swing).
---
I welcome any questions from the community. I am here to expose the truth.
Aiman Sheryan
Federal Court Case NSD777/2026