Is Xelans Markets regulated and safe to trade with?

https://www.xelansmarkets.com/

Dear Investor,

Xelans Markets states it is regulated by the Mauritius Financial Services Commission (FSC), and we found that a corresponding entity appears in the FSC’s register. However, the FSC does not publish the websites or domains linked to its licensees, so it's difficult for us to confirm if the company you're questioning about is the legitimate licensee.

Please also be aware that the Mauritius FSC is an offshore regulator with lighter oversight and limited investor protection. As such, even if the licensee's identity can be verified, holding an FSC license alone does not guarantee strong safeguards for your funds.

We therefore advise you to proceed with caution when dealing with such brokers.