XS.com broker has launched in 2010 and offers 8 markets to trade. It has advanced platforms [MT4, MT5] and 5 regulation [FSA, ASIC, CySEC, LFSA, FSCA] licenses. XS.com has a minimum deposit of $0 and with minimum order of 0.01 lot.
XS.COM Company Information & Regulation
XS.com forex broker has come a long way since its inception in Australia over a decade ago. Today, it stands as a global market leader in the fintech, financial services, and online trading industry.
What sets XS.com apart is its commitment to regulatory compliance across multiple jurisdictions, providing traders with an added layer of security and peace of mind. XS com Regulation:
- Financial Services Authority (FSA) of Seychelles
- Australian Securities and Investments Commission (ASIC)
- Cyprus Securities and Exchange Commission (CySEC)
- Labuan Financial Services Authority (LFSA) in Malaysia
- Financial Sector Conduct Authority (FSCA) in South Africa
This multi-jurisdictional approach not only demonstrates XS.com's commitment to regulatory compliance but also allows it to cater to a diverse global clientele while adhering to the highest standards of financial conduct.
Summary of Specifications
XS.com isn't just another run-of-the-mill broker. It's a comprehensive trading ecosystem designed to empower traders with cutting-edge tools, resources, and market access. Here's a snapshot of what XS.com brings to the table:
Broker | XS.com |
Account Types | CENT, STANDARD, MICRO, ELITE, PRO, VIP, EXTRA, CLASSIC, PLUS |
Regulating Authorities | FSA, ASIC, CySEC, LFSA, FSCA |
Based Currencies | USD |
Minimum Deposit | $0 |
Deposit/Withdrawal Methods | Bank Transfer, VISA, MasterCard, Skrill, Neteller |
Minimum Order | 0.01 Lot |
Maximum Leverage | 1:2000 |
Investment Options | Copy Trading, PAMM Account |
Trading Platforms & Apps | MT4, MT5 |
Markets | Shares, Indices, Metals, Futures, Commodities, Forex, Energy, Crypto |
Spread | From 0.01 Pips |
Commission | $0 |
Orders Execution | Market |
Margin Call/Stop Out | Varies by Account Types |
Trading Features | 1:2000 Maximum Leverage, Demo Contest, PAMM Account, 8 Available Markets, Fund Insurance |
Affiliate Program | Yes |
Bonus & Promotions | Demo Contest |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Live Chat |
Customer Support Hours | 24/5 |
What Are XS.com Broker Account Types?
One of XS.com's strengths lies in its diverse range of account types, each tailored to suit different trading styles, experience levels, and financial goals; It has 3 account types [Preferred, Professional, Partners] that each of them divides into 3 accounts.
Preferred Account Types
Specifics | CENT | STANDARD | MICRO |
Trading Platfrom | MT5 | MT4, MT5 | MT5 |
Average Spread | 1.1 Pip | 1.1 Pip | 1.1 Pip |
Commission | None | None | None |
Instruments | Currencies, Metals | Currencies, Metals, Crypto, Energy, Indices, Futures, Shares | Currencies, Metals, Energy, Indices |
Minimum Deposit | $0 | $0 | $0 |
Professional Account Types
Specifics | ELITE | PRO | VIP |
Trading Platfrom | MT4, MT5 | MT4, MT5 | MT5 |
Average Spread | 0.1 Pip | 0.7 Pip | 0.1 Pip |
Commission | $3 Per Side | None | $1 |
Instruments | Currencies, Metals, Crypto, Energy, Indices, Futures | Currencies, Metals, Crypto, Energy, Indices, Futures, Shares | Currencies, Metals, Crypto, Energy, Indices, Futures, Commodities |
Minimum Deposit | $500 | $500 | $100000 |
Partner Special Account Types:
Specifics | EXTRA | CLASSIC | PLUS |
Trading Platfrom | MT4, MT5 | MT4, MT5 | MT4, MT5 |
Average Spread | 2.1 Pip | 1.6 Pip | 0.1 Pip |
Commission | None | None | 5$, 7.5$, 10$ Per Side |
Instruments | Currencies, Metals, Crypto, Energy, Indices, Futures | Currencies, Metals, Crypto, Energy, Indices, Futures | Currencies, Metals, Crypto, Energy, Indices, Futures |
Minimum Deposit | $0 | $0 | $0 |
This diverse array of account types ensures that whether you're dipping your toes into forex trading or looking to execute high-volume strategies, XS.com has an account tailored to your needs.
XS.COM Advantages and Disadvantages
Like any broker, XS.com comes with its own set of strengths and potential drawbacks. Table below weigh the pros and cons to help you make an informed decision:
Pros | Cons |
Multi-Jurisdictional Regulation Enhancing Credibility and Security | High Leverage Options May Pose Significant Risks for Inexperienced Traders |
Wide Range of Tradable Instruments Across Multiple Asset Classes | Some Account Types May Have Higher Minimum Deposit Requirements |
Advanced Trading Platforms (MT4 And MT5) | Educational Resources May Not Be as Extensive as Some Competitors |
Competitive Spreads and Zero Commissions on Certain Account Types | Not Available in All Jurisdictions Due to Regulatory Restrictions |
Multilingual Customer Support Available 24/5 | - |
While XS.com offers a robust trading environment with numerous advantages, it's crucial for traders to carefully consider these factors in light of their individual trading goals and risk tolerance.
How to Sign Up in XS.com Broker? Easy Step-by-Step Guide!
XS.com registration process designed to get you trading as quickly as possible while ensuring compliance with regulatory requirements. XS com Sign Up:
- Navigate to the official XS.com website and click on the "Register" button.
- Fill out the registration form with your personal details, including name, email address, phone number, country of residence and password.
- Click on the verification link sent to your registered email address.
- Select the account type that best suits your trading needs from the available options.
- Read and accept XS.com's terms of service and privacy policy.
- Submit the required documents for identity and address verification to complete KYC.
- Once verified, deposit funds into your account using one of the available payment methods.
- Download your preferred trading platform (MetaTrader 4 or MetaTrader 5) and begin your trading journey with XS.com.
The verification process typically takes 1-2 business days, depending on the accuracy and completeness of the submitted documents.
Trading Platforms
XS.com offers two of the most popular and powerful trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). XS.com Trading Platforms:
MetaTrader 4 (MT4)
- Industry-standard platform known for its user-friendly interface;
- Advanced charting capabilities with multiple timeframes;
- Expert Advisors (EAs) support for automated trading;
- Customizable indicators and tools for technical analysis;
- Available on desktop, web, and mobile devices.
MetaTrader 5 (MT5)
- Next-generation platform with enhanced features and capabilities;
- Support for trading a wider range of assets, including stocks and futures;
- Advanced Market Depth feature for better order book analysis;
- Built-in economic calendar for fundamental analysis;
- More sophisticated backtesting and strategy optimization tools.
Both platforms are available for Windows, Mac, iOS, and Android devices, ensuring that you can manage your trades anytime, anywhere. XS.com also provides a web-based version of both platforms, allowing for instant access without the need for downloads or installations.
XS.COM Spreads and Commissions: Full Comparison in Account Types
XS.com offers competitive spreads and commissions across its various account types, catering to different trading styles and volumes. XS.com Fees and Spreads:
Accounts | CENT | STANDARD | MICRO | ELITE | PRO | VIP | EXTRA | CLASSIC | PLUS |
Spreads | 1.1 Pip | 1.1 Pip | 1.1 Pip | 0.1 Pip | 0.7 Pip | 0.1 Pip | 2.1 Pip | 1.6 Pip | 0.1 Pip |
Commission | None | None | None | $3 Per Side | None | $1 | None | None | 5$, 7.5$, 10$ Per Side |
Spreads in XS com can widen during high market volatility or low liquidity. Always check the current trading conditions and contract specifications before placing trades.
What Deposit & Withdrawal Methods Are Available at XS.com?
XS.com provides a variety of secure and convenient methods for depositing and withdrawing funds:
- Bank Transfer: Minimum deposit of $300, processing time of 1-7 business days;
- Credit/Debit Cards (VISA/MasterCard): Instant deposits, minimum $15, maximum $25,000;
- E-wallets (Skrill, Neteller): Instant deposits, minimum $15, maximum $15,000.
Withdrawals in XS.com processed within 1-3 business days, depending on the chosen method. XS.com does not charge fees for deposits or withdrawals, but third-party fees may apply.
Copy Trading & Investment Options
While XS.com primarily focuses on direct trading, they do offer some options for those interested in copy trading and managed investments:
- PAMM Account: Percentage Allocation Management Module accounts allow investors to allocate their funds to experienced traders and share in their profits.
- Copy Trading: While not as extensive as some dedicated copy trading platforms, XS.com does offer some copy trading capabilities in association with other brokers.
Does XS.COM Forex Broker Offer Bonuses and Promotions?
While XS.com doesn't typically offer cash bonuses or deposit matches due to regulatory restrictions, they do provide other valuable promotions:
- Demo Trading Contests: Regular competitions where traders can win real cash prizes using demo accounts;
- Loyalty Programs: Rewards for active traders, including improved trading conditions and personalized services.
Always check the XS.com website or contact customer support for the latest promotional offerings, as these can change over time.
Customer Support
XS.com broker provides comprehensive, multilingual customer support through 2 methods; XS com Support:
- Email Support: Available 24/5 for all inquiries;
- Live Chat: Instant support during business hours.
The support team is known for their responsiveness and expertise, ensuring that traders can get assistance whenever they need it.
What Countries Are Banned from Using XS.com Broker Services?
While XS.com strives to provide its services globally, regulatory restrictions mean that the broker cannot offer its services in certain jurisdictions.
Some notable restrictions include:
- United States: Due to strict regulations, US residents cannot open trading accounts with XS.com
- Iran: Sanctions prevent XS.com from offering services to Iranian residents
- North Korea: International sanctions restrict access to XS.com's services
Note: List of restricted countries can change based on evolving regulatory landscapes.
XS.com Trust Scores & Reviews
Trust and reputation are crucial factors when choosing a forex broker. XS.com has garnered a range of reviews across different platforms such as Trustpilot and ForexPeaceArmy:
- Trustpilot: 4.4/5 based on 300+ reviews;
- ForexPeaceArmy: 2/5 based on just 1 review!
The generally positive ratings on Trustpilot suggest that many traders have had satisfactory experiences with XS.com. Common praises include:
- Diverse range of account options
- Fast and reliable payment methods
- Transparent operations
- Advanced trading platforms
- Informative blog section for both novice and experienced traders
On the other hand, there are also some negative reviews. These typically mention issues such as:
- Withdrawal processing times
- Customer service responsiveness during peak hours
- Platform stability during high volatility periods
It's worth noting that XS.com appears to actively respond to negative reviews and work towards resolving issues, which is a positive sign of their commitment to customer satisfaction.
TradingFinder Expert Conclusion and Final Words
XS.com broker has 8 account types [CENT, STANDARD, MICRO e.g] offering $0 commission; Maximum leverage of this Forex Broker is 1:2000 and spreads start from 0.01 pips. Although these advantages seem good but XS.com has disadvantages too [lack of proper educational resources e.g.]
