XS Review: An In-Depth Review Of The Broker

XS, a global multi-asset broker, has been gaining the attention of many traders worldwide. Our XS review showed that the broker prioritizes its clients by ensuring they get a safe and streamlined trading experience with premium conditions. With multiple regulatory licenses and strict security measures, XS is a leader in the trading industry. 

Company Information

XS, founded in 2010 in Australia, has become a significant player in the global brokerage industry. Initially starting as a liquidity provider, XS.com has expanded its operations and now holds a a strong presence in multiple regions, including Japan, Cyprus, and the MENA region. 

The company, which is headquartered in Australia, has built a reputation for reliability, security, and excellence in trading services. The broker is regulated by several top-tier financial authorities, ensuring it adheres to the highest security and transparency standards. 

The regulatory bodies overseeing XS.com include:

• Financial Services Authority of Seychelles (FSA): License number SD089
• Australian Securities and Investments Commission (ASIC): License number 374409
• Cyprus Securities and Exchange Commission (CySEC): License number 412/22
• Labuan Financial Services Authority (LFSA) in Malaysia: License number MB/21/0081
• South African Financial Sector Conduct Authority (FSCA): License number 53199

Moreover, the past few years have been very successful for XS, as they received multiple awards as recognition for their premium services. The broker was honored as Broker of the Year at the UF Awards Global in Limassol, Cyprus, and received the Best Partnership Programs award at the Forex Traders Summit in Dubai, UAE. 

Additionally, XS.com was named Global Powerful Brand at the Global Business Conclave in London, UK, and Best Multi-Asset Broker – LATAM at the UF Awards LATAM in Mexico City, Mexico. 

The broker also secured the Best Trade Execution award at the same event in Mexico City. Furthermore, XS.com was acknowledged as the Most Secure Broker at the Oman Summit in Muscat, Oman, and the Best Global Broker at the Qatar Financial Expo in Doha, Qatar. 

These awards reflect XS.com’s commitment to excellence, security, and innovative trading solutions. XS.com review also has a solid score of 4.5/5 stars on Trust Pilot, with traders impressed by their easy withdrawals. 

Security Measures

Security is a top priority at XS.com. The broker has implemented extensive measures to protect its clients’ funds and personal information. Some of the advanced security protocols include:

• Data Encryption: All data transmitted between clients and the broker is encrypted to prevent unauthorized access.
• Two-Step Verification: Adds an extra layer of security to client accounts, making unauthorized access more difficult.
• Strict Password Requirements: Ensures that strong and secure passwords are used, reducing the risk of account breaches.
• Regular External Audits: Continuous external reviews maintain the integrity and robustness of the broker’s security systems.

Additionally, XS.com ensures that client funds are segregated from company funds and maintained with top-tier financial institutions. This segregation means that client assets are protected even if the company encounters financial difficulties.

Assets Available

XS.com offers a diverse range of tradable assets, allowing traders to diversify their portfolios effectively. 

These include:

• Shares: Trade CFDs on international shares from leading companies like Amazon, Alibaba, and Apple.
• Indices: Access major global indices such as Dow Jones, NASDAQ, S&P 500, FTSE 100, and more.
• Metals: Trade spot metals like gold, silver, platinum, and palladium.
• Energy: Engage in trading energy commodities like Brent Crude Oil, WTI Crude Oil, and Natural Gas.
• Cryptocurrencies: Trade popular digital assets like Bitcoin, Ethereum, and Litecoin.
• Forex: Buy and sell currency pairs, including minor, major, and exotic pairs.
• Commodities: Trade various commodities such as cocoa, coffee, copper, corn, cotton, soybean, sugar, and wheat.
• Futures: Trade OTC Futures (CFDs on Futures) across multiple markets.

XS Trading Accounts

XS provides a range of account types, each tailored to different trading needs and preferences. These accounts can be accessed through the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms.

Preferred Account Types

• Cent Account: Ideal for new traders, offering an average spread of 1.1 on EURUSD with no commissions.
• Standard Account: Versatile, with an average spread of 1.1 on EURUSD and no commissions, available on both MT4 and MT5.
• Micro Account: For traders preferring smaller lots, with an average spread of 1.1 on EURUSD and no commissions.

Professional Account Types

• Elite Account: Designed for experienced traders, offering a low average spread of 0.1 on EURUSD with a commission of $3 per side.
• Pro Account: A balanced choice with an average spread of 0.7 on EUR/USD and no commissions.
• VIP Account: Tailored for high-net-worth individuals, offering an average spread of 0.1 on EURUSD with commission-based trading.

Partnership Programs

XS offers diverse partnership programs to help partners grow and maximize returns. Here are the opportunities available:

Introducing Brokers (IB) Program

XS’s Introducing Broker (IB) program allows partners to earn commissions by referring clients. IBs can work remotely, promoting XS via websites or social media. Benefits include dedicated relationship managers, advanced tracking tools, exclusive marketing materials, and flexible payout options.

Asset Management Solutions

XS provides asset management solutions for professional traders and money managers. These solutions allow asset managers to trade on behalf of clients while clients can monitor their accounts through view-only access, ensuring professional management and transparency.

Influencers Program

The XS Influencers Program is for individuals with significant online or offline followings. Influencers can promote XS to their audiences, enhancing brand awareness and client acquisition while offering followers advanced trading experiences.

Digital Affiliates Program

XS’s Digital Affiliates Program suits digital marketers like website owners and bloggers. It offers dedicated relationship managers, advanced tracking tools, exclusive marketing materials, and flexible payout options to support and reward digital marketing efforts.

Local Partners Program

The Local Partners Program leverages regional expertise and connections within trading communities. Partners provide clients with advanced trading technology and support, enhancing XS’s presence and service quality locally.

Education Experts Program

XS supports educational centers and professionals through its Education Experts Program. This initiative fosters trader education via partnerships for seminars, webinars, and educational content, enhancing trader knowledge and skills.

Mobile

XS.com ensures that traders can manage their accounts and trade on the go with its mobile-compatible platforms. Both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) are available on mobile devices, providing a seamless trading experience.

Deposits and Withdrawals

XS.com offers a variety of funding and withdrawal options to ensure flexibility and convenience:

• Bank Transfer: Minimum deposit of 200 USD, processing time of 1-7 working days.
• Visa & MasterCard: Minimum deposit of 20 USD, instant processing.
• Skrill: Minimum deposit of 15 USD, instant processing.
• Neteller: Minimum deposit of 15 USD, instant processing.

These options provide traders with the flexibility to manage their funds efficiently.

Customer Support

XS.com offers 24/7 multilingual customer support in languages including English, Arabic, French, Portuguese, Spanish, Traditional Chinese, Simplified Chinese, Korean, Thai, Vietnamese, and Japanese. 

The support team is readily available to assist with any queries or issues traders may encounter.

Partners Special Account Types

• Extra Account: Features an average spread of 2.1 on EURUSD with no commissions.
• Classic Account: Reliable and straightforward, offering an average spread of 1.6 on EURUSD with no commissions.

Extra Features

XS.com distinguishes itself from other brokers through a combination of innovative features and insurance coverage. 

Insurance Coverage

XS takes client protection seriously with its Civil Liability Insurance Program, underwritten by Lloyd’s of London. 

This program provides an additional layer of security by covering losses exceeding USD 10,000, up to USD 5,000,000, against claims related to fraud, negligence, and other risks. 

This comprehensive insurance coverage is offered at no direct cost to clients, ensuring they can trade confidently, knowing that their investments are safeguarded.

Dynamic Leverage

One of XS.com’s standout features is its dynamic leverage model. This system adjusts leverage based on the volume of trades, allowing for leverage up to 1:2000. 

This approach significantly enhances trading potential by enabling traders to gain greater market exposure with a relatively small amount of capital. As trade volumes increase, the maximum leverage is adjusted downwards, ensuring a balanced approach to risk management. 

This tailored leverage system is particularly advantageous for traders seeking flexible and efficient use of their trading capital.

Swap-Free Trading

XS offers swap-free (Islamic) accounts specifically designed to comply with Shariah law by eliminating swap or rollover fees. These accounts provide the same trading conditions as regular accounts, ensuring fairness and transparency. 

This feature makes XS.com an inclusive platform that caters to the diverse needs of its global clientele. It allows traders who adhere to Islamic principles to engage in the market without compromising their beliefs.

XS MasterCard

The XS Prepaid Mastercard offers traders and partners seamless financial management, allowing for easy funds transfer between the XS Wallet and the card. 

Fully integrated with the XS Client Portal, this card ensures a smooth deposit and withdrawal process, supported by the user-friendly XS Cards Mobile App. This app, available for Android and iOS, enables users to track transactions and manage their funds. 

The XS Prepaid Mastercard can be used for various transactions, including POS, ATMs, online payments, mobile applications, and loyalty programs. Issued in USD, it provides exclusive features and benefits, making it an essential tool for efficient financial operations.

XS Review Final Verdict

Our XS review found that it is a reliable trading platform offering a wide range of assets, competitive trading conditions, and comprehensive safety measures. Its user-friendly interface, dynamic leverage options, and multilingual customer support make it an attractive choice for traders of all levels. 

Despite regional restrictions and some commission-based account types, XS.com’s benefits, including regulatory compliance and extensive security measures, make it a compelling option for global traders. 

Whether you are looking to trade forex, commodities, shares, or cryptocurrencies, XS has the tools and resources to support your trading journey.

FAQs

How Do I Open an Account with XS?

To open an account with XS, visit the XS.com website, click on the “Register” button, and fill out the required details on the registration page. Follow the instructions to complete your account creation.

Does XS Offer a Demo Account?

Yes, XS offers a demo account that allows traders to practice and test their strategies with virtual money under real market conditions.

Can I trust XS?

Yes, XS is a trustworthy broker. It is regulated by several top-tier financial authorities, including the FSA, ASIC, CySEC, LFSA, and FSCA, ensuring a secure and transparent trading environment.

How DO I Fund my XS Account?

You can fund your XS account using various methods, including bank transfer, VISA, MasterCard, Skrill, and Neteller. Minimum deposits vary by method, starting as low as 15 USD.

Is XS a Scam?

No, XS is not a scam. It is a legitimate and regulated broker with a strong reputation. It operates under strict regulatory guidelines and offers extensive client protection measures.