Position in Rating | Overall Rating | Trading Terminals |
247th  | 4.2 Overall Rating |  |
XS.com Review
XS.com, the trading platform under the XS Group, is a globally recognized multi-asset broker that provides access to a wide array of financial products, including forex, stocks, and commodities. Founded in Australia in 2010, XS.com has established itself as a leader in the FinTech and online trading industry, backed by regulatory licenses in multiple jurisdictions. With offices in key locations worldwide, the company ensures global reach and compliance, making it a trusted choice for both novice and experienced traders.
What sets XS.com apart is its combination of deep institutional liquidity and advanced trading technology, designed to cater to the needs of both individual and institutional clients. It is obviously more efficient and user-friendly, supported by robust customer care and high-end relationship management. From a trading specific point of view, XS.com takes a pleasure to offer a professional trading environment for traders in need of state-of-the-art tools or brokers looking for hassle-free access to global markets.
This XS.com review discusses the features of the platform such as advanced trading tools, deep liquidity, and user-friendly interfaces. It also explains withdrawal options, fees, as well as benefits made available for traders while highlighting the pros such as strong customer support and efficiency in operation while mentioning the limited resources for beginners. This is meant to help make judgments on whether XS.com is what one needs in trading.
What is XS.com?
XS.com is a global broker providing access to a wide range of financial instruments, including currency pairs, CFDs on stocks, indices, metals, energies, commodities, and cryptocurrencies. Established in 2010, it has become a trusted platform for traders worldwide due to its secure trading environment and regulatory compliance in multiple jurisdictions. With user-friendly features and tools, XS.com caters to both novice and experienced traders looking for reliable market access.
The platform is an excellent choice for traders of all levels, offering a free demo account that allows beginners to practice trading strategies in a risk-free environment. For live trading, the platform provides competitive spreads ranging from 0.1 to 2.1 pips and flexible leverage options of up to 1:500, catering to various trading styles and risk appetites. Its user-friendly design and commitment to cost efficiency, including no withdrawal fees, ensure a seamless trading experience. Whether refining strategies or pursuing live market opportunities, this platform equips traders with the tools and features needed to succeed in the fast-paced world of trading.
Traders may settle for industry-best platforms such as MetaTrader 4 and MetaTrader 5 or use XS.com proprietary trading platform for an amazing experience. The broker avails support for the trader around the clock in the event of needing assistance. Also, XS.com has additional income opportunities as well as highly flexible trading options, making it a unique option for traders that favor customizing their strategies to operate in global markets effectively.
XS.com Regulation and Safety
XS.com prioritizes safety and trust by adhering to strict regulatory standards set by leading financial authorities around the world. The XS Group has several licensed and regulated entities, such as Seychelles, Australia, Cyprus, Malaysia, and South Africa. Regulatory bodies provide an open platform to XS.com whereby it is able to run on principles of transparency, integrity, and accountability, assuring traders that they provide a space for engagement in global financial markets. By having these regulations, XS.com protects retail and institutional traders from potential risks.
Regulated by some of the most respected financial authorities in the world, XS.com includes the Seychelles Financial Services Authority (FSA), the Australian Securities and Investments Commission (ASIC), and the Cyprus Securities and Exchange Commission (CySEC). XS Ltd, which operates under the license of the FSA, complies with severe tariffs on financial conduct, while XS Prime Ltd adheres to the stringent structure of regulations set forth by the ASIC. XS Markets Ltd operates under the supervision of CySEC, which guarantees that such an entity maintains and adheres to high standards regarding market integrity and investor protection within Cyprus.
The Labuan Financial Services Authority (LFSA) of Malaysia regulates, whereas XS ZA (Pty) Ltd is licensed in South Africa by the Financial Sector Conduct Authority (FSCA). This adds the last touch to the broker's global credibility. Under these licenses, XS.com is expected to maintain regulatory compliance in every single region in which it operates, ensuring that the offering to traders operates on a well-regulated safe platform. It is through these rigorous compliance measures that XS.com can present global traders with confidence in their financial services, knowing full well that investment is protected under the supervision of trusted authorities.
XS.com Pros and Cons
Pros
- Advanced trading tools
- Multiple account types
- Flexible leverage options
- Wide range of CFDs
Cons
- Limited educational content
- Account types complexity
- No US clients allowed
- Predominantly CFD instruments
Benefits of Trading with XS.com
XS.com provides a secure and reliable trading environment with entities regulated by leading financial authorities around the world. This commitment to regulatory compliance ensures that traders can trust the platform to safeguard their funds and personal information. With robust security measures in place, XS.com delivers peace of mind, allowing traders to focus on their trades without worrying about the safety of their investments.
Trading with XS.com gives access to a wide range of financial markets and asset classes such as forex, commodities, indices, and cryptocurrencies. It equips traders with real-time market data, advanced charting, and technical indicators for analysis and execution of trades. The platforms of XS.com are easily adaptable, void of complexities, useful to open for all traders novices, experts, and intermediate traders, making every trade easy and informed.
XS.com registration is fast and easy, allowing customers to set up an account in just a few minutes. A range of fast and reliable funding options makes depositing and withdrawing funds smooth and hassle-free. The platform also features premium trading conditions, personalized customer support, and exceptional relationship management, so traders receive the best possible experience during their trading journey.
XS.com Customer Reviews
Many customers appreciate XS.com for its transparency and regulatory compliance. One reviewer emphasizes the broker’s commitment to providing public documents for transparency, building trust with clients. The broker’s numerous regulations and openness give traders confidence that XS.com operates with integrity and is focused on maintaining clear communication with its clients.
On the other hand, some users have mixed experiences. One reviewer notes that while XS.com offers beneficial features like a micro account with no minimum deposit and high leverage, it hasn’t significantly changed their trading experience. While some traders are satisfied with the platform’s offerings, others have expressed concerns about certain withdrawal processes and user experiences.
XS.com Spreads, Fees, and Commissions
XS.com offers competitive spreads starting from 1.1 pips for EUR/USD, making it a cost-effective choice for traders seeking transparent and efficient trading conditions. The broker ensures that spreads remain tight across a variety of asset classes, which allows traders to enter and exit positions with minimal slippage. This transparency in pricing helps traders make more informed decisions and execute their strategies with confidence.
Besides low spreads, XS.com keeps a commission-free structure on most account types, which simplifies the cost structure for traders. This approach is ideal for traders who want to focus on market analysis and strategy without worrying about hidden fees or unexpected costs that could affect their overall profitability. It ensures that both beginners and experienced traders have access to affordable trading conditions across different financial instruments.
For traders who want high-end trading conditions, XS.com offers raw spreads with a small commission per side for $3. This product is designed for traders that require the tightest spread to ensure maximum trading precision, but are willing to pay a small commission in return for better execution. Such flexible pricing is designed to support various trading styles, providing both flexibility and cost efficiency required for active and professional traders.
Account Types
XS.com offers a variety of account types to suit different trading needs. Whether you're a beginner or an experienced trader, you can find an account that meets your requirements. Below is a breakdown of the available account types:
Preferred Accounts
The Standard Account is XS.com's most popular choice, offering no minimum deposit requirement. It provides access to MT4 and MT5 platforms, with an average spread of 1.1 pips on EUR/USD. This account type is commission-free, making it a straightforward option for traders looking for a simple and affordable way to enter the market.
Cent Account
The Cent Account is designed for those who prefer trading with cent lots. Like the Standard Account, it has no minimum deposit requirement and offers access to the MT5 platform. With an average spread of 1.1 pips on EUR/USD, this account also comes with no commission, making it a budget-friendly option for beginners.
Micro Account
The Micro Account also allows trading with cent lots and is available on both MT4 and MT5 platforms. It features no minimum deposit requirement and provides an average spread of 1.1 pips on EUR/USD. This account type is commission-free and offers traders a low-cost entry into the market.
Pro Account
The Pro Account is designed for more experienced traders, offering low spreads without commissions. With a minimum deposit of $500, it provides access to MT4 and MT5 platforms and an average spread of 0.7 pips on EUR/USD. This account type is ideal for traders looking for tighter spreads and more competitive trading conditions.
Elite Account
The Elite Account offers raw spreads, starting from 0.1 pips on EUR/USD, and comes with commissions of $3 per side. It requires a minimum deposit of $500 and provides access to MT4 and MT5 platforms. This account is perfect for professional traders who want the lowest possible spreads and are comfortable with paying a small commission.
VIP Account
The VIP Account offers the same raw spreads as the Elite Account, with commissions and a minimum deposit requirement of $100,000. This account is available exclusively on the MT5 platform and is tailored for high-volume traders who need premium features and top-tier conditions for their trading.
Partners Accounts
For partners, XS.com offers three account types: Classic, Extra, and Plus Accounts. The Classic Account offers an average spread of 1.6 pips and comes commission-free. The Extra Account has a higher average spread of 2.1 pips, also with no commission. The Plus Account features low spreads starting at 0.1 pips, with commissions of $5, $7.5, or $10 per side, depending on the specific terms.
How to Open Your Account
Opening an account with XS.com is simple and straightforward. Follow these five easy steps to get started and begin trading with a reliable and secure platform.
Step 1: Register
Visit the XS.com website and complete the registration form with your personal details to create an account.
Step 2: Verify Your Account
Upload a government-issued ID and proof of address to verify your identity and secure your account.
Step 3: Fund Your Account
Deposit funds using your preferred payment method, such as bank cards or Skrill, to start trading.
Step 4: Choose Your Trading Platform
Select a trading platform like MetaTrader 4 or MetaTrader 5, based on your preferences.
Step 5: Start Trading
With your account funded and verified, begin trading a variety of assets, taking advantage of XS.com’s tools and features.
XS.com Trading Platforms
XS.com offers two highly popular trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are recognized for their reliability and versatility, making them popular choices for traders worldwide. MT4 is known for its simple yet effective interface, powerful charting tools, and automated trading capabilities through Expert Advisors (EAs), making it ideal for both new and experienced traders looking for a straightforward trading experience.
MetaTrader 5, an upgraded version of MT4, brings additional functionality to the table. It offers more timeframes, advanced order types, an integrated economic calendar, and greater support for multi-asset trading. Whether you are trading forex, stocks, or commodities, MT5 provides enhanced analysis tools and flexibility. Both platforms are available on desktop and mobile, offering seamless trading access from anywhere, anytime, ensuring that traders have the best tools for success at their fingertips.
What Can You Trade on XS.com
XS.com offers a wide range of trading instruments and services to cater to various trader preferences. Whether you are looking to invest in stocks or trade global commodities, XS.com provides the flexibility to access multiple markets through its platform. With diverse trading services, traders can explore numerous asset classes, ensuring a comprehensive and versatile trading experience.
Shares
XS.com allows you to trade shares from leading companies around the world. With access to a diverse range of stocks, you can invest in top-performing companies across various sectors, providing opportunities for both short- and long-term growth.
Indices
Trading indices on XS.com enables you to speculate on the performance of a basket of stocks. You can trade popular global indices like the S&P 500, NASDAQ, or FTSE 100, which offer a broad market overview and potential trading opportunities.
Metals
With XS.com, you can trade precious metals like gold, silver, and platinum. These assets often act as a hedge against inflation and can be a valuable addition to your trading portfolio.
Futures
XS.com provides access to futures trading, allowing you to speculate on the price movements of various assets, including commodities, indices, and more. Futures contracts help you manage risk or gain exposure to various markets.
Commodities
XS.com offers the ability to trade essential commodities like oil, natural gas, and agricultural products. Commodities are widely traded for hedging purposes and as a way to diversify investment strategies.
Forex
The forex market is one of the largest and most liquid in the world. XS.com allows you to trade a wide range of currency pairs, providing flexibility and opportunities to profit from global currency fluctuations.
Energy
Energy trading is available on XS.com, with options such as oil, gas, and other energy commodities. This sector offers significant potential for profit, especially in times of market volatility.
Crypto
XS.com also offers cryptocurrency trading, including popular digital currencies like Bitcoin and Ethereum. Crypto markets are known for their volatility, providing traders with numerous opportunities to capitalize on price movements.
XS.com Customer Support
XS.com is very supportive in catering to the needs of all clients to ensure smooth, hassle-free trading experiences. The company's support team may be reached through email by addressing messages to support@xs.com, who can get your inquiries and concerns answered promptly.
For those requiring immediate help, XS.com has a live chat section on their website. All you have to do is click the chat icon at the bottom right of the page to initiate a real-time conversation with a dedicated customer support officer to help you out with any concerns or issues.
XS.com provides you with access to the highest standards in customer care, which you reach through a variety of channels such that you can get your queries addressed at your convenience. You're free to reach out, be it via email or live chat, and they can support you throughout your trades.
Advantages and Disadvantages of XS.com Customer Support
Advantages
DisadvantageWithdrawal Options and Fees
XS.com provides multiple withdrawal options, ensuring fast and secure transactions for clients. There are no fees for deposits or withdrawals, but users should note that their banking institutions might charge additional fees. All transactions are processed with a focus on safety and the segregation of client funds.
Bank Transfer
XS.com supports bank transfer withdrawals with a minimum amount of 250 USD and no upper limit. Processing times can range from 1 to 7 working days, depending on the banking institution. Withdrawals are available in EUR, USD, and GBP.
Visa & MasterCard
Withdrawals via Visa and MasterCard have a low minimum requirement of 5 USD and a maximum limit of 25,000 USD. However, processing takes 7 to 10 working days. This option supports EUR, USD, and GBP currencies.
Skrill
For Skrill users, the minimum withdrawal is 50 USD, with a maximum limit of 15,000 USD or equivalent. Skrill withdrawals are processed quickly within 1 business day. Supported currencies include EUR, USD, and GBP.
Neteller
Neteller allows instant withdrawals with a minimum of 15 USD and a maximum of 2,500 USD or equivalent. Clients can transact in EUR, USD, and GBP, making it one of the fastest options available.
XS.com Vs Other Brokers
#1. XS.com vs XM
XS.com and XM are both prominent online trading platforms offering various assets, but they have key differences. XS.com provides a range of trading instruments, including CFDs, forex, metals, and cryptocurrencies, supported by popular platforms like MetaTrader 4, MetaTrader 5, and its proprietary platform. It offers low minimum deposits on some account types, low spreads, and a variety of withdrawal options but lacks PAMM/MAM accounts and copy trading features. On the other hand, XM is known for its strong customer service, no withdrawal fees, and robust educational resources but has slightly higher spreads in some account types.
Verdict: XS.com stands out for its lower minimum deposit and competitive spreads, making it an attractive choice for new traders, while XM is better suited for those seeking comprehensive educational tools and strong support. The choice depends on individual preferences, such as account features and trading conditions.
#2. XS.com vs RoboForex
XS.com and RoboForex both offer diverse assets for trading, including forex, metals, and cryptocurrencies. XS.com is known for its low spreads and competitive trading conditions, making it ideal for traders across different levels. It supports popular platforms like MetaTrader 4 and MetaTrader 5. RoboForex, on the other hand, stands out for offering a wider range of account types and bonus promotions. It also features its proprietary trading platform and provides extensive educational resources. However, RoboForex typically has higher spreads in some of its accounts, which may impact cost-efficiency for certain traders.
Verdict: XS.com excels with lower spreads and simplicity, making it a great choice for straightforward trading, while RoboForex may appeal to traders who seek a broader range of account types and bonuses. Your decision will depend on your preferred trading conditions and additional features.
#3. XS.com vs Exness
XS.com and Exness are both trusted brokers for forex, metals, and cryptocurrency trading, but they cater to different needs. XS.com offers low spreads, no minimum deposit for most accounts, and supports MetaTrader 4, MetaTrader 5, and its own platform. Exness provides ultra-high leverage options and social trading features like copy trading, appealing to risk-tolerant traders. While XS.com offers competitive spreads starting from 1.1 pips with a commission-free structure, Exness has variable spreads and zero-commission accounts. Exness also offers advanced trading tools, while XS.com focuses on simplicity and reliability.
Verdict: XS.com is ideal for traders who value low spreads and a straightforward, user-friendly platform, while Exness is better for those seeking high leverage and advanced social trading options. The right choice depends on your trading style and risk tolerance.
Also Read: XM Review 2024 – Expert Trader Insights
Conclusion: XS.com Review
XS.com is a dependable broker offering an extensive range of trading options, including forex, metals, and cryptocurrencies. The platform provides advanced trading tools such as MetaTrader 4 and 5, making it suitable for both novice and professional traders. XS.com is known for its low spreads, no-commission trading, and competitive conditions, which makes it appealing for traders who want to minimize costs. Furthermore, the platform maintains high security standards, ensuring that both client funds and personal information are well-protected.
Overall, XS.com is an excellent choice for those seeking a secure, transparent trading experience with low fees. With strong regulatory backing, user-friendly features, and an impressive variety of trading instruments, XS.com provides a solid foundation for traders. Whether you’re a beginner or an experienced professional, XS.com’s competitive trading environment and easy access to financial markets make it a trustworthy option for your trading journey.
Also Read: Tickmill Review 2024 – Expert Trader Insights
XS.com Review: FAQs
Is XS.com regulated?
Yes, XS.com is regulated by leading financial authorities, ensuring a secure trading environment for users. The broker complies with global standards to protect client funds and personal information.
How can I contact XS.com support?
You can contact XS.com via email at support@xs.com or use the live chat feature on their website for immediate assistance with any queries.
What platforms can I use for trading?
XS.com offers MetaTrader 4 and 5, providing powerful and user-friendly platforms for forex and CFD trading, suitable for all experience levels.
What is the minimum deposit at XS.com?
XS.com offers accounts with no minimum deposit requirement, making it accessible to traders of all budgets.
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