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XS 2025 Review

XS

XS

www.xs.com

  • Leverage: 1:30 | 1:2000

  • Regulation: ASIC, CySEC, FSCA, FSA, LFSA

  • Min. Deposit: $0

  • HQ: Cyprus

  • Platforms: MT4, MT5

  • Found in: 2010

XS Licenses

  • XS Prime Ltd - authorized by ASIC (Australia) license no. 374409
  • XS Markets Ltd - authorized by CySEC (Cyprus) license no. 412/22
  • XS ZA (Pty) Ltd - authorized by FSCA (South Africa)  license 53199
  • XS Ltd - authorized by FSA (Seychelles) license no. SD089
  • XS Finance Ltd - authorized by LFSA (Malaysia) license no. MB/21/0081
  •  

 

Top 3 Forex Brokers

  1. What is XS?
  2. XS Pros and Cons
  3. Regulation and Security Measures
  4. Account Types and Benefits
  5. Cost Structure and Fees
  6. Trading Platforms and Tools
  7. Trading Instruments
  8. Deposit and Withdrawal Options
  9. Customer Support and Responsiveness
  10. Research and Education
  11. Portfolio and Investment Opportunities
  12. Account Opening
  13. Additional Tools And Features
  14. XS Compared to Other Brokers
  15. Full Review of Broker XS

Overall Rating 4.4
Regulation and Security4.6 / 5
Account Types and Benefits4.5 / 5
Cost Structure and Fees4.6 / 5
Trading Platforms and Tools4.4 / 5
Trading Instruments4.3 / 5
Deposit and Withdrawal Options4.4 / 5
Customer Support and Responsiveness4.3 / 5
Research and Education3.8 / 5
Portfolio and Investment Opportunities3.9 / 5
Account Opening4.3 / 5
Additional Tools and Features3.8 / 5

What is XS?

XS is a multiregulated brokerage company providing access to traders with multiple asset classes including Forex, Shares, Indices, Metals, Commodities, Cryptos, and Energies. In addition to offering quite a wide range of assets, the broker provides competitive trading conditions, flexible funding options, and access to popular MetaTrader trading platforms.

XS Group has entities authorized and regulated in different countries, including Australia, Cyprus, and Seychelles. As we found along the development of the company, additional two entities have been opened in South Africa and Malaysian Labuan, resulting in better exposure to XS trading offering worldwide.

The regulatory bodies ASIC in Australia, CySEC in Cyprus, and FSA in Seychelles oversee the financial services in their respective jurisdictions and ensure that companies operating within their jurisdiction comply with applicable regulations and guidelines.

XS Website Review

XS Pros and Cons

Based on our research, XS has both positive and negative aspects to consider when evaluating the company and choosing a broker to trade. For the pros, the broker offers reliable and user-friendly trading platforms, including MT4 and MT5. Additionally, the broker provides a range of popular trading instruments at competitive prices and spreads. Besides, XS is competitive in covering international trading and wide proposals overall.

For the cons, the trading conditions may vary depending on the entity, which could result in higher trading costs for some clients. Traders may also have access to a limited range of trading instruments and markets, depending on the entity they are registered with and the account types.

AdvantagesDisadvantages
ASIC, CySEC regulationsTrading conditions might vary based on the entity
Available for European and international tradersNot comprehensive educational materials
Account segregationInternational trading via offshore entities
MT4 and MT5 platformsNo 24/7 customer support
Negative balance protection
Competitive fees and spreads
White label solution
Variety of funding methods

XS Features

XS.com is a globally recognized multi-asset broker offering a comprehensive suite of features tailored to meet the diverse needs of traders and investors. Key features include:

XS Features in 10 Points
🏢 RegulationASIC, CySEC, FSCA, FSA, LFSA
🗺️ Account TypesCent, Micro, Standard, Pro, Elite Accounts
🖥 Trading PlatformsMT4, MT5
📉 Trading InstrumentsForex, CFDs on Shares, Indices, Metals, Commodities, Cryptos, Energies, Futures
💳 Minimum Deposit$0
💰 Average EUR/USD Spread1.1 pips
🎮 Demo AccountAvailable
💰 Account Base CurrenciesEUR, USD, GBP
📚 Trading EducationLimited
☎ Customer Support24/5

Who is XS For?

XS is a reliable Forex trading broker with a solid reputation and competitive trading conditions overall. According to our findings, XS is Good for:

  • Traders from Europe
  • Traders from Australia
  • Traders from the African region
  • International trading
  • Traders who prefer the MT4 and MT5 trading platforms
  • CFD and currency trading
  • Advanced traders
  • Institutional trading
  • White Label solution
  • Scalping/Hedging strategies
  • STP/NDD execution
  • Competitive spreads and prices
  • EA/Auto trading
  • Good trading tools

XS Summary

In summary, XS is a reputable online broker that offers a good range of financial instruments to trade with competitive spreads. We admit swift execution and various funding methods. Trading with XS is accessible through two of the most popular trading platforms, MT4 and MT5, available on desktop, web, and mobile devices. Yet, the broker does not have a separate section for educational resources and research which is unsuitable for beginners.

As we found with its focus on transparency, security, and client satisfaction, XS is a suitable option for traders of all levels. However, we recommend conducting thorough research before choosing XS as your broker to ensure that it suits your trading requirements.

55Brokers Professional Insights

XS is a good overall Broker with quality trading proposal for traders who use MetaTrader The pricing, various account types, and access to tailored tools with quality execution and favorable trading conditions, XS is a reliable trading partner for a vast range of trading needs.

Overall, we see conditions are mainly in line with industry popular other offerings, while XS stands out with good execution and with no minimum deposit requirement for most account types, providing accessibility for traders of all levels. Additionally, the broker is suitable for money managers with PAMM solution for investors, allowing them to either invest in accounts managed by experienced traders or manage their own.

However, XS’s educational materials are not comprehensive, with limited resources available to help traders develop their skills. Another drawback is that trading conditions vary depending on the entity, as the range of trading instruments differs across jurisdictions. This may result in certain limitations, with some conditions being more favorable at one entity and less so at another. Traders should verify all details carefully to ensure they meet their requirements.

Consider Trading with XS If:

XS is an excellent Broker for:- Need a well-regulated broker. - Offering services worldwide. - Looking for broker with MT4 and MT5 trading platforms. - Access to Copy Trading. - Need a broker with diverse trading accounts. - Offering popular trading instruments. - Looking for broker with no minimum deposit requirement. - Broker with quality customer service. - Offering high leverage up to 1:2000. - Providing competitive fees and spreads. - Looking for broker suitable for beginners and professional traders.

Avoid Trading with XS If:

XS might not be the best for:- Who prefer 24/7 customer service. - Looking for cTrader or proprietary trading platforms. - Need broker with fixed spreads. - Looking for good educational materials and courses.

Regulation and Security Measures

Score – 4.6/5

XS Regulatory Overview

XS operates under a strong regulatory framework, ensuring a secure environment for its traders. The broker is regulated by reputable authorities, including the Australian ASIC and the Cyprus CySEC, both of which are known for their stringent financial oversight. In addition, the broker is also regulated by the FSCA in South Africa, providing further security for traders.

However, for international trading, the broker operates under offshore regulations with licenses from the FSA of Seychelles and the LFSA in Malaysia. While these offshore licenses allow XS to offer trading services globally, traders should be aware that they may not provide the same level of investor protection as the more established regulatory bodies like ASIC and CySEC.

How Safe is Trading with XS?

XS is a legit and regulated broker that holds licenses in every jurisdiction it operates. Compliance with the regulatory requirements enhances the safety and confidence of traders who tend to trade with XS, and also makes the broker a safe choice to trade.

XS is committed to ensuring the safety and security of its clients’ funds by segregating them from the firm’s accounts and avoiding their use for operational purposes. The broker also offers several protective measures, including negative balance protection during times of market turbulence and Investor Compensation Fund Protection, to provide additional assurance for traders’ accounts.

Yet, the regulatory framework is different in each jurisdiction therefore the layers of protection vary too.

Consistency and Clarity

Established with a focus on offering flexible and secure trading conditions, XS has positioned itself as a trusted and reliable broker for both retail and institutional traders. While the broker is regulated by respected authorities such as ASIC and CySEC, it also operates under offshore jurisdictions, which some traders view as a limitation in terms of investor protection.

XS maintains an active presence in the trading community, including sponsorships and participation in industry events, further reinforcing its credibility. The broker’s competitive trading environment and commitment to compliance make it a dependable option in the market. However, some traders have pointed out occasional delays in withdrawals, which remain an area for improvement. Overall, XS is recognized for its transparent operations, though there are still areas to enhance.

XS License Review

Account Types and Benefits

Score – 4.5/5

Which Account Types Are Available with XS?

XS offers a range of account types to cater to the diverse needs of traders, including Cent, Micro, Standard, Pro, and Elite accounts. Each account type is designed to suit different trading styles and experience levels. The Cent and Micro accounts are ideal for newcomers, offering smaller trade sizes and no minimum deposit requirements.

The Standard account provides more robust trading conditions suitable for general traders, while the Pro and Elite accounts cater to more experienced traders with higher leverage, tighter spreads, and additional features for optimal performance.

Additionally, XS offers a demo account for traders to practice risk-free and a swap-free account for those who prefer to avoid swap or rollover fees, including traders following Islamic finance principles. These account options provide a comprehensive range to accommodate varying trading preferences and goals.

Standard Account

The Standard Account at XS is designed for traders seeking a balance between accessibility and competitive trading conditions. With no minimum deposit requirement, the Standard Account offers average spreads of 1.1 pips on Forex EUR/USD pairs.

The account is available on both MT4 and MT5 trading platforms, and for the international entity, leverage of up to 1:2000 is offered. However, account conditions and availability may vary depending on your region and the specific entity through which you trade.

Pro Account

The Pro Account is designed for more experienced traders who require tighter spreads and enhanced trading conditions. With a minimum deposit of $500, the Account offers more professional features and greater flexibility in trading.

The average spread for EUR/USD on this account is 0.7 pips, providing tighter spreads that benefit active traders and those using advanced strategies. Traders can take advantage of leverage of up to 1:2000, however, conditions may vary depending on the specific entity through which you trade, so you should verify the details based on your region.

Elite Account

The Elite Account is XS’s premium offering, designed for professional and high-volume traders who demand the best in trading conditions. With a minimum deposit requirement of $500, the Account provides average spreads of 0.1 pips on major pairs, offering the tightest spreads available. This account type comes with a commission of $3.

The Elite Account supports premium features such as priority customer support, enhanced execution speeds, and access to exclusive tools. The account is ideal for traders who require optimal trading conditions for advanced strategies and high-frequency trading.

XS Accounts Review

Regions Where XS is Restricted

XS operates in various regions globally, however, there are some countries where the broker is restricted due to regulatory requirements or local laws. The regions where XS faces restrictions include:

  • USA
  • Iran
  • North Korea
  • Canada
  • France
  • Belgium
  • UK

XS Restricted Regions Review

Cost Structure and Fees

Score – 4.6/5

XS Brokerage Fees

XS offers competitive brokerage fees for traders of varying experience levels and trading preferences. For Cent, Micro, Standard, and Pro accounts, trading costs are built into the spreads, with an average spread of 1.1 pips on Forex EUR/USD pairs for the Standard account.

Elite accounts, in addition to spreads, include a commission per lot traded, typically around $3. Additional fees, such as overnight swap charges, apply to positions held overnight, although swap-free accounts are available for traders following Islamic principles. However, fees and trading conditions may vary depending on the entity and region of registration. Always refer to the broker’s official fee schedule for the most accurate and updated information.

  • XS Spreads

XS offers competitive floating spreads tailored to meet the needs of different trading styles. For the Standard Account, the average spread for Forex EUR/USD pairs is 1.1 pips, providing accessible trading conditions for a wide range of traders. The Pro Account offers tighter spreads, averaging 0.7 pips on major currency pairs, appealing to more experienced traders seeking cost-effective trading.

For Elite Accounts, spreads are even tighter, catering to professional traders with high trading volumes. Spreads may vary depending on market conditions, account type, and the specific entity under which the account is registered.

  • XS Commissions

XS most accounts, including Cent, Micro, Standard, and Pro Accounts, are commission-free, with trading costs incorporated into the spreads. The Elite Account is the only account type that includes a commission per lot traded, typically around $3, in addition to offering the lowest spreads.

As with all trading accounts, commission rates and fees may vary depending on the entity and region of registration, so traders should refer to the broker’s official fee schedule for the most accurate and up-to-date details.

  • XS Rollover / Swaps

XS applies rollover, or swap, fees for positions held overnight, which reflect the interest rate differential between the currencies in a given pair. These charges can result in either a credit or a debit to the trader’s account, depending on the position (long or short) and the applicable rates.

While these fees are standard in Forex trading, XS also offers swap-free accounts for traders adhering to Islamic principles, allowing them to trade without incurring overnight charges. However, rollover rates may vary depending on the trading instrument, market conditions, and the specific entity under which the account is registered. Traders should review the broker’s swap schedule on the official website or directly on the trading platform for updated information.

How Competitive Are XS Fees?

XS offers a competitive fee structure designed to meet the needs of a wide range of traders. The broker provides several advantages when it comes to fees, including industry-average spreads on most account types, making it an attractive option for traders looking to minimize trading costs. Additionally, the availability of swap-free accounts is a plus for those who follow Islamic principles, offering more inclusivity.

While the overall fee structure is attractive, regional differences in spreads and trading costs may be a drawback for some traders. Therefore, traders should carefully review the specific terms and conditions based on their location before committing to a particular account type.

Asset/ PairXS SpreadGMI SpreadXtrade Spread
EUR USD Spread1.1 pips1 pip2 pips
Crude Oil WTI Spread2.3 pips1.2 pips4
Gold Spread2.1 pips0.0 pips50
BTC USD Spread520-0.50%

XS Additional Fees

In addition to the standard trading fees, XS may apply other charges, such as a $50 annual inactivity fee for accounts that remain inactive for 12 months or more. This fee applies if there has been no trading or activity during that period. Traders should also be aware that additional fees, like overnight swap charges, may apply to positions held overnight, although swap-free accounts are available for those adhering to Islamic principles.

However, conditions and fees, including inactivity charges, may differ depending on the entity or region under which the account is registered. Therefore, traders need to review the broker’s official fee schedule to ensure they are aware of all applicable charges.

XS Fees Review

Trading Platforms and Tools

Score – 4.4/5

XS offers traders access to two of the most popular and widely used trading platforms, MetaTrader 4 and MetaTrader 5. Both platforms are renowned for their ease of use, extensive range of features, and automated trading capabilities, making them suitable for traders of all experience levels.

MT4 is known for its simplicity and reliability, particularly for Forex trading, while MT5 provides additional features such as more timeframes, order types, and improved charting tools, making it a preferred choice for those interested in multi-asset trading. Both platforms are available for desktop, web, and mobile devices, offering flexibility and convenience for traders to access their accounts and execute trades from anywhere.

Trading Platform Comparison to Other Brokers:
PlatformsXS PlatformsGMI PlatformsXtrade Platforms
MT4YesYesNo
MT5YesYesNo
cTraderNoNoNo
Own PlatformsNoYesYes
Mobile AppsYesYesYes

XS Web Platform

XS offers a convenient web platform that allows traders to access their accounts and trade directly from their browsers without the need for software downloads. The web platform supports both MT4 and MT5, giving traders access to the robust features and tools these platforms are known for. The web platforms provide a seamless trading experience, allowing traders to monitor markets, execute trades, and manage their accounts from any device with an internet connection.

XS Desktop MetaTrader 4 Platform

The XS Desktop MT4 platform offers an intuitive interface designed for a seamless trading experience. Traders can easily navigate through different charting tools with various timeframes and technical indicators, allowing for in-depth market analysis. The platform is highly customizable, enabling traders to adjust layouts to suit their individual preferences.

MT4 also supports automated trading with Expert Advisors, making it ideal for those who prefer a hands-off approach. With one-click trading, traders can execute orders instantly, while real-time market quotes and news updates keep them informed of the latest market movements. Additionally, MT4 provides multiple order types, including market, limit, stop, and trailing stop orders, offering flexibility and control in executing trades.

XS Desktop MetaTrader 5 Platform

The XS Desktop MT5 platform offers a comprehensive suite of advanced charting tools and technical analysis indicators, empowering traders with in-depth market insights. It supports multiple order types, including market, limit, stop, and trailing stop orders, providing flexibility in trade execution.

MT5 also features Depth of Market (DOM), offering transparent market depth information to help traders assess liquidity and make informed decisions. A built-in economic calendar allows traders to track key events and news that could impact the markets. The platform supports hedging, offering traders flexibility in managing their risk exposure. Additionally, MT5 enables automated trading through EAs and offers premium trading conditions to enhance performance. Traders can also access market depth and time and sales information, further enriching their trading experience.

Main Insights from Testing

Testing the MetaTrader 5, reveals a powerful and versatile trading tool, designed to cater to both novice and professional traders. MT5 offers enhanced performance with faster order execution and improved stability compared to its predecessor, MetaTrader 4. The platform provides a wider range of technical indicators, more timeframes for chart analysis, and an integrated economic calendar, allowing traders to stay updated on key financial events.

Additionally, MT5 supports multi-asset trading, allowing users to trade a variety of instruments, including Forex, stocks, commodities, and futures, all from a single platform.

XS MobileTrader App

The MobileTrader app provides traders with the flexibility to trade on the go, offering both MT4 and MT5 platforms for mobile devices. The app is designed to provide a seamless trading experience with access to multiple order types, and real-time market quotes, ensuring traders can manage their positions effectively from anywhere.

With features like one-click trading, automated trading, and access to a wide range of technical indicators, the app ensures that traders can execute their strategies efficiently.

XS Platform Review

Trading Instruments

Score – 4.3/5

What Can You Trade on XS’s Platform?

On XS’s platform, traders have access to over 1,000 trading instruments across various asset classes, including Forex, CFDs on shares, indices, metals, commodities, cryptocurrencies, energies, and futures. This selection allows traders to take advantage of multiple market opportunities.

However, the available instruments and trading conditions can vary based on the entity through which you trade, with differences in spreads, leverage, and account options depending on your region and regulatory jurisdiction. Always verify the specific conditions with XS’s official resources to ensure the most accurate and up-to-date information.

Main Insights from Exploring XS’s Tradable Assets

Exploring XS’s tradable assets reveals a wide range of opportunities for traders. One of the main advantages of trading on the broker’s platform is the diverse selection of assets, which allows traders to diversify their portfolios and tap into various market opportunities. The platform’s access to popular cryptocurrency pairs, such as Bitcoin (BTC/USD), Ethereum (ETH/USD), and Ripple (XRP/USD), enables traders to capitalize on the volatility and growth of digital currencies.

However, a potential drawback is that the available trading instruments may differ depending on the entity through which you trade. Despite this, XS’s popular range of tradable assets and competitive conditions make it an attractive platform for traders seeking a versatile trading experience.

XS Instruments Review

Leverage Options at XS

While leverage is a helpful tool that allows traders to enter the market with less capital, you should understand that its usage can result in significant gains or losses. Therefore, you should thoroughly understand how leverage works and its potential outcomes before engaging in any trading activities that involve a multiplier.

We found that XS leverage offers the following conditions:

  • The maximum leverage level for Australian clients is 1:30.
  • European traders are eligible to use a maximum of up to 1:30 for major currency pairs.
  • International entity clients can use leverage up to 1:2000 for professional trading.

Deposit and Withdrawal Options

Score – 4.4/5

Deposit Options at XS

XS provides multiple options for funding your trading account, including bank wire transfers, credit/debit cards, and online payment systems. However, you should keep in mind that the specific requirements and limitations for each funding method may differ based on the financial institution and your country of residence.

In terms of funding methods, XS offers the following payment methods:

  • Credit/Debit Cards
  • Bank Wire
  • Skrill
  • Neteller
  • Perfect Money, and more

XS Minimum Deposit

The minimum deposit requirements at XS vary depending on the account type. For the Standard account, there is no minimum deposit, making it accessible to traders who may want to start with smaller amounts.

However, for the Pro and Elite accounts, a minimum deposit of $500 is required, reflecting the more advanced features and enhanced trading conditions these accounts offer.

Withdrawal Options at XS

XS offers a variety of withdrawal options to cater to the needs of its diverse clientele. Traders can withdraw funds through popular methods such as bank transfers, credit/debit cards, and e-wallets like Skrill and Neteller. The withdrawal process is typically straightforward, though the time it takes to process may vary depending on the chosen method and the region.

XS Deposit/Withdrawal Review

Customer Support and Responsiveness

Score – 4.3/5

Testing XS’s Customer Support

XS provides robust customer support to assist traders with a wide range of inquiries and issues. The support team is available 24/5 through various channels, including live chat, email, and call-back requests, ensuring that traders can receive assistance on time.

XS also offers multilingual support, catering to traders from different regions. However, response times may vary depending on the volume of inquiries, and some users have noted occasional delays during peak times. Overall, XS’s customer support aims to provide a comprehensive and efficient service to its clients.

Contacts XS

XS provides several ways for traders to get in touch with their customer support team. You can reach out to them via email at support@xs.com for any inquiries or assistance. While XS international website does not publicly list a direct phone number on its website, the broker typically offers customer support through live chat and email for prompt responses.

For traders using the European entity of XS, customer support can be reached by phone at +357 25 249600.

XS Support Review

Research and Education

Score – 3.8/5

Research Tools XS

XS offers a range of research tools to support traders in making informed decisions.

  • On its website, traders have access to market analysis, economic calendars, and news updates to stay up-to-date with global events that might affect the markets. Additionally, traders can access trading calculators and market sentiment indicators to help evaluate potential trades.
  • On the trading platforms MT4 and MT5, XS provides a variety of charting tools with technical indicators, such as Moving Averages, RSI, and MACD, enabling traders to analyze market trends and spot trading opportunities.
  • The platforms also offer real-time market data, price alerts, and Depth of Market (DOM) for deeper market insights.

Education

XS does not provide comprehensive educational materials on its website. While there are some useful resources available, such as market analysis and an economic calendar, the broker’s main educational content is limited. The broker offers the Education Experts program specifically for its partners, which provides them with additional resources and support.

The majority of its educational offerings are available on trading platforms, with video tutorials to help traders. However, the overall selection of educational resources is relatively basic, and those seeking in-depth training or a broader range of learning materials may need to explore additional external sources.

XS Education Review

Portfolio and Investment Opportunities

Score – 3.9/5

Investment Options XS

XS primarily operates as a Forex and CFD provider, however, it also offers a PAMM solution for investors. This money management system allows investors to invest in accounts managed by experienced traders or their own PAMM accounts, providing the opportunity for diversified investment strategies.

Additionally, XS has introduced copy trading capabilities, enabling traders to replicate the trades of seasoned market participants. This feature allows less experienced traders to benefit from the expertise of professionals, further enhancing investment opportunities.

Account Opening

Score – 4.3/5

How to Open XS Demo Account?

XS’s demo accounts allow traders to practice risk-free in real market conditions, making it an ideal tool for beginners to refine their skills. To open a demo account with XS, follow these steps:
  1. Go to the official XS website and navigate to the registration section.
  2. Choose the option to open a demo account. You will typically find this under the account types or account registration section.
  3. Complete the form with your details, including your name, email address, phone number, and country of residence. Make sure to select “Demo Account” as the account type.
  4. Select your preferred account settings, such as the trading platform (MT4 or MT5), the desired leverage, and the initial virtual balance for the demo account.
  5. After filling in your details and preferences, submit the registration form.
  6. Once your account is created, you will receive access credentials. Download the appropriate trading platform to start trading on your demo account.
  7. Open the platform, log in using the credentials provided, and begin practicing with virtual funds. You can explore different strategies and get familiar with the platform’s features.

How to Open XS Live Account?

To open a live account with XS, visit the broker’s official website and navigate to the registration section. Select the option to open a live trading account and complete the online registration form with your details such as name, address, email, phone number, and country of residence.

Choose the type of account you wish to open, depending on your trading preferences. You will also need to provide proof of identity and address to comply with regulatory requirements. After submitting the required documents and form, you will receive your login credentials. You can then fund your account with the minimum deposit required for the selected account type and choose your preferred trading platform (MT4 or MT5). Once your account is set up and funded, you can begin live trading with real funds.

XS Account Opening Review

Additional Tools and Features

Score – 3.8/5

XS offers a few additional tools and features to improve the overall trading experience and cater to different trading preferences.

  • The broker offers a social trading feature that allows traders to either copy trades from experienced traders or share their trading signals with the broader community. This feature offers a valuable opportunity for less experienced traders to learn from and follow the strategies of more skilled market participants.
  • The MT4 and MT5 platforms also support automated trading with the use of Expert Advisors (EAs) and algorithmic trading, making it a suitable option for those who prefer a more hands-off trading approach.

XS Additional Tools Review

XS Compared to Other Brokers

When comparing XS to its competitors, it stands out in a few key areas while also having certain limitations. One of the advantages of XS is its flexibility in account types, offering both spread-based and commission-based accounts with competitive conditions, making it a versatile choice for traders with different strategies.

Additionally, XS’s support for both MT4 and MT5 platforms is beneficial for traders familiar with these popular platforms, providing a robust and familiar trading environment. However, unlike some competitors, XS does not offer a proprietary platform, which may be a drawback for traders seeking unique features specific to a broker’s platform.

XS has a more limited range of educational resources compared to some competitors like Forex.com and FP Markets, which offer more comprehensive learning materials. This might be a drawback for novice traders who are seeking in-depth guidance and support to build their skills. While XS provides a solid range of assets, some competitors offer a larger selection of instruments, which could be a factor for traders looking to diversify their portfolios across more asset classes.

What refers to regulation, XS holds licenses with respected authorities like ASIC and CySEC, but it does not have the same global coverage as brokers like Forex.com or Markets.com, which are regulated by a wider range of jurisdictions. Overall, XS is competitive but may not offer the same range of resources, support, or regulatory coverage as some of its larger competitors.

Parameter XS Markets.com Forex.com FP Markets Axi Xtrade FxPro
Spread Based Account Average 1.1 pips Average 1 pip Average 1.3 pips From 1 pip Average 1.2 pips Average 2 pips Average 1.4 pips
Commission Based Account 0.1 pips +$3 For Stocks Only ($1 per $1,000 trade) 0.0 pips + $5 0.0 pips + $3 0.0 pips + $7 No commissions, based on fixed spreads 0.0 pips + $3.5
Fees Ranking Average Average Average Low/ Average Average Average Average
Trading Platforms MT4, MT5 Markets.com Web, MT4, MT5, TradingView, Markets.com Social Trade App MT4, MT5, Forex.com Web Trader, TradingView MT4, MT5, cTrader, IRESS, Proprietary Platform MT4, Axi Trading App, Axi Copy Trading App Xtrade WebTrader MT4, MT5, cTrader, FxPro WebTrader
Asset Variety 1000+ instruments 2,200+ instruments 6000+ instruments 10,000+ instruments 220+ instruments 1,000+ instruments 2,100+ instruments
Regulation ASIC, CySEC, FSCA, FSA, LFSA CySEC, FCA, ASIC, FSCA, FSC, FSA FCA, NFA, IIROC, ASIC, CySEC, JFSA, MAS, CIMA ASIC, CySEC,  FSCA, CMA ASIC, FCA, CySEC, DFSA, FSA FSC, FSCA FCA, CySEC, FSCA, SCB, FSA
Customer Support 24/5 24/5 24/5 24/7 support 24/5 24/5 24/5 support
Educational Resources Limited Good Excellent Excellent Good Good Excellent
Minimum Deposit $0 $100 $100  $100  $0 $250 $100

Full Review of Broker XS

XS is a competitive broker offering a variety of popular trading instruments, including Forex, CFDs, commodities, and cryptocurrencies, via the widely used MT4 and MT5 platforms. The broker provides flexible account types, both spread-based and commission-based, catering to different trading preferences.

One of XS’s notable features is its support for automated and social trading, however, the broker lacks comprehensive educational resources, which could be a limitation for traders seeking in-depth learning materials. Additionally, more advanced research tools would be beneficial for those looking for thorough market analysis.

Overall, XS delivers a solid trading experience with competitive fees and popular platforms, making it appealing for traders who prioritize simplicity and cost-effectiveness. However, its limited educational support and research tools may make it less suitable for beginners or those looking for a more comprehensive trading environment.

R. T From Lebanon | | Thursday, August 31, 2023

XS.com delivers top-notch trading services with a knowledgeable team and a user-friendly platform. Their exceptional customer service and transparency make them a trusted partner for traders.

Trendex From United Arab Emirates | | Thursday, August 31, 2023

best customer support ever! Hope you can maintain this service !

No news available.

Editor team
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George Rossi Content Creator
George R. is a wide-ranging expert with experience in analysis and writing. Currently serving as a Senior Writer at 55brokers.com. In addition to this role, he has been the Chief Market and Broker Analyst since June 2020. He has played a crucial role in providing in-depth analysis and insights into the financial markets. With nearly a decade of experience as a Foreign Exchange Trader, George brings a deep understanding of market dynamics and trading strategies. His previous positions include serving as the Chief Market Analyst at SVS Securities Plc.
Crispus Nyaga is an investment analyst with great experience in financials. His expertise spans various domains, including Petroleum, Statistical Data Analysis, and Technical Analysis. Crispus is proficient in utilizing advanced tools to conduct in-depth market research and data analysis. Also, he has an academic background - holding a Master’s degree in Business from Kenyatta University.
Eno Eteng is a highly skilled and certified financial technician with a Diploma from the UK Society of Technical Analysts. As a pioneer alumnus of the Tony Elumelu Foundation's (TEF) Entrepreneurship Program (class of 2015), Eno has been a prominent figure in the financial content industry since 2009. Over the years, Eno has crafted more than 5,000 ghost-written articles for major industry players, including InvestooGroup, EasyMarkets, eToro, Spotware Systems, and high-profile clients like the Chief of Staff to the Delta State Government of Nigeria.

79 responses to “XS”

  1. Have you ever been engaged in pamm acccitivyt like an investor or a manager here? What are the peculiarities and who can potentially suit the roel of a manager?

    • Oh, yeah, man! I was engaged in pamm activity and it was a good experience. However, I wasn’t a manager, rather an investor. If you wanted to had an additional income by doing nothing, then investing in pamm accounts is an ideal option.
      There are some peculiarities which you shoulding consider:
      -you can invest in as many pamm accounts as you want
      -every pamm account has different deposit requirements
      -you can withdraw money at any time
      -there are various strategies
      -a manager can use any leverage he wants depending on his strategy
      Potentially, even a newcomer can become a manager. 🙂

  2. I have a dilemma and don’t know which is a better option to engage for social trading: a standard copy-trading or investing in a PAMM account?

    • Copy trading will be your best bet if you are;
      A) limited on cash,less experienced, but want to enjoy the benefits of a successful trader strategies while;
      A PAMM account will even be better if you are backed up financially and want everything totally managed by the expert trader…

  3. I’m trading on the metatrader 5 trading platform and as you can understand, this platform can support many complicated assets for trading, for example, stocks.
    Yeah, I’m different compared to many other traders. I love trading stocks and the trading conditions are satisfying to be honest. There is a HIGH leverage available for trading stocks and it’s really important cuz many stocks are expensive

  4. Do you think that preferred group of accounts is for beginners, while others are for more advanced traders, or beginenr can choose elite account, for example, and trade profitably?

    • I do believe that gradation was created not for no reason. For example… Cent account can be used by whoever wants to use it, it’s a good substitution to demo trading, you trade with real money but in cents.

      Micro account is quite meaningless to use if you are a seasoned trader because it’s a limited account to some extent. It’s also better for users and Standard one… it can be chose by professionals, easily. So, I would say that Preferred accs are indeed for beginners mainly. But if you are a seasoned trader and wanna use them – welcome.
      Plus, the broker is highly reliable.🥹

  5. I would like to know, what assets do you prefer to trade on xs.com and are you satisfied with the trading conditions?

  6. With XS.com I trade euro pairs mostly, and for them spreads are pretty small here. Even when paired with NZD or AUD, it’s still just a few pips =) Broker feels a bit oldschool in its design and many features I don’t use (and don’t think any people use at this point, the trading devolved – all people only want 1-click trading, not even S/L or T/P are set up unless for some really long-term trades).

  7. I would like to know If I have not traded never on financial markets, could I choose a pro trading account?

  8. You know why I trust this borker because I have a lot of friends who also trade through XS company and none of us have not any hevay troubles. That’s why we are still trading with XS broker! 😀

    • Heavy troubles… 😀
      I am being sure there are more reasons why you and your friends are still working with XS, aside only from its great services. But you are right, trading with a broker that provides smooth trading experience is an uplifting experience.
      Me, on the other hand, I stick with XS because of its cost-effectiveness. I use the Elite account type, which is the one with raw spreads and the trading commission is only $3 per side per turn.
      If you compare this account type with others from the same category, you can hardly find a broker with a fee of less than $3.5.

    • I checked a lot of brokers here on this page, and this was the first article or a review of a broker where one can find NONE weak points under the Safe or Scam section 👍
      it is good that you have recognised this.
      Regarding the other categories, the main disadvantage that you point out is that there are differences between the accounts and the trading conditions based on their entity. Well, isn’t this normal!? For a broker with this level of regulation and occupational licences, and keeping in mind the different requirements of the regulators, it is impossible for a broker to provide equal trading conditions across all regulations… let’s take the leverage for instance, cysec doesn’t allow anything above 30x.

  9. I understood that when choosing a proper broker it must be regulated. I searched for regulated brokers and there are plenty of options. There are many regulated brokers. However, XS seems to have many licences and probably more licences make the broker safer.
    Anyway, which regulation should I choose when I open a trading account?

    • First of all – yes. The more regulations a broker has, the better. In a way that it is supervised by more than I financial organization and has to comply with many complex rules/policies.

      To answer the second question, regulation and trading accounts do not go together as a pair. Regulation is something that makes the broker legitimate, trading accounts can be different in each broker.
      For instance, XS has many account types, and you can compare them in the website. Also, I would guess that you are kind of a novice trading, so I advice you to go with CENT or MICRO accounts.
      These are perfect for those who are learning how to trade, and I guess you can develop yout trading skills with this account. Good luck🕊️

  10. For some traders it can be a chalelnge to choose between nine trading accounts offered by XS broker but I wasn’t struglging with the choice and now I’m trading through a pro account.

    • Wow, it cool to know that you encountered no troubles.
      In fact, even though I am from the group of traders who faced troubles choosing an account, you know, just spent more time than had expected, I don’t think it’s a flaw.
      It takes some time, but guys who complaint about that don’t even know how much time TRADING takes.
      It’s like a preparation for real trading, that teaches patience and calmness. Mine acc is Elite, btw.
      Hahaha, I hope my answer is clear enough for ya…

      • Wondered the same thing, XS support really does wonders to point you in the right directions if you ask them. There are links they proviide that would be helpful.
        Main advantage of PAMM is the EASE OF USE. It’s easier even than copying trades, there’s nothing to set up. You just invest, and withdraw profits from PAMM when you want, that is it. 0 need for understanding trading at all.

  11. If XS could add educational resources it could be an even better broker. 😉
    However, I have built a solid base with educational resources from YouTube and other platforms, and have gathered solid literature, so this was not a drawback for me when I made the decision to start trading with it.
    What I like the most about XS is that its robust regulation status instills confidence that you will be dealing with a professional and reliable online trading platform.

    • You can find trading education everywhere these days, so don’t cry about it maan.
      Xs offers a lot in general to scold it for lacking education

  12. I am kinda curious to know, what are the security measures and regulations of the broker that make the platform credible in the eyes of traders?

    • For me, it’s how they present themselves. A legit company doesnt hide legal docs and should be regulated by at least one reputable financial entity. XS is both regulated and I can see the docs ^o^

  13. My like this broker for many reasons and will share some of them here.
    This is one of the most well-regulated brokers. They have obtained licenses from some of the most renowned regulatory authorities, such as CySEC and ASIC.
    They have a great selection of account types, which come with different trading terms. I am sure that there is an account type for every trader. In the end, the standard account is quite versatile, so you can opt for it and trade on this reputable and renowned online trading platform.

    • Indeed they are, regulated and solid.
      Account selection is maybe also a plus, but for me it’s too much choice and overcomplicated. Beginners may get lost in these account details.

      For me, I enjoy trading 🛢️🛢️ here, spread in UK or US oils are minimal, and the leverage is nice too.

  14. This is my second boroker with whom I have traded on a real account, and I must share that I am impressed with their payment system. Also, $500 for the Pro account is a bargain 👍

  15. There are loads and loads of strategies that I have been coming across recently and I cannot seem to stick to one single one so I need to know what direction to take when streamlining my options with XS; Technical or fundermental analysis?

    • Haha, I like your energy! Technical all the way, man! At least when you are retail. With fundamental, you will never get the full knowledge that big players have. You will never know the deals or behind-the-scenes economic factors before they do.
      But with TA, you don’t need all that. You are preying on low-tier fluctuations. Patterns in crowd behaviour. These are easier to know and to exploit.
      Unless you are a politician or a magnate of some kind, go TA every time.

      • Nah, dude! I absolutely disagree with you, technical analysis appeared at the same time as the Internet and only after that TA has become popular all over the world but fundamental analysis was popular since the moment when first public companies and exchanges appeared. It means that a fundamental analysis is more reliable than its counterpart technical analysis. Anyway, you better combine both of them but mainly I prefer the former method.

    • Lol, any.
      It depends on what timeframe you trade, your trading style and so on. Obviously,, positional and sometimes even swing traders appeal to fundamental factors and use various tools for fundamental analysis that are available at XS. On the contrary, scalpers and day traders take advantage of technical indicators embedded into the platform and don’t have troubles using these instruments for chart analysis. It’s a versatile platform, choose whatever strategy you find the most useful and appropriate.

  16. Well, I started cooperating with XS broker because they proved that the company is one of the most reliable and trustworthy in the financial industry and as far as I know there are not many financial brokers which could show off such a wide range of licenses from major financial regulators. I would like to know your opinion, why you started cooperating with this company?

    • I just noticed some reviews and it fortunately aligned with my purpose back then – to find a robust broker.
      I skimmed through some of the reviews, made a certain conclusion about this broker in my head and started to research info on their website. After that I signed up for an account and now I trade with the XS.
      I guess… it was a pleasant set of circumstances that led me here.

    • Of course, buddy. I have been trading with them for a long time and a key factor why I joined this company is that they provide a lot of shares for trading. The quantity of shares of top companies is beyond my imagination. By the way, you can trade stocks from EU, USA and HK regions and it is really impressive.

  17. XS broker deserves such reviews, where conditions and instruments are described precisely.
    And actually I also favor reading such outlooks, you know, it helps to understand that you deal with a real OG of the market which has tons of licenses, way more pros than drawbacks so it instills confidence in the future.
    There are even no weak points, so I am quite happy with my choice of the broker.

  18. Actually, they have added some comprehensive materials into their educational section and nowadays it looks way more attractive compared to how it looked before.
    So this review should be edited a bit ;))
    Speaking of other statements, then I pretty much agree with them.
    The company has obtained a recognition from the community and even such a huge website for reviewing brokers noted it’s supremacy, so to speak.

  19. I have been studying XS for a lng time and it seems to me that general opinion of traders about this broker is something like this:
    – reliable and solid company with a variety of services

  20. Especially for newbies, education is a big plus, and I think the broker should actually help new traders by providing proper guidance… But I get that is not their duty so I cannot hold it against them. For me, the broker is actually quite nice and I like trading here.

    • I’d claim more positively than negatively, cuz there is nothing fundamentally repelling about trading forex currency pairs with this broker.

      A lot depends on your choice of the account, but in fact, all of them are quite interesting and cater to the needs of various traders. I have Standard account and spreads on trading such major pairs as NZD/USD, USD/CAD never exceed more than ~1.5-2 pips, sometimes even lower, but bear in mind that it’s better to avoid volatility.

  21. The trading plaftorm is picturesque and I could adatp to it pretty quickly! There are so many useful tools and the number of technical indicators is blowing my mind.🤯

  22. They have added some edu materials to their blog section, the quality isn’t advanced, but anyway.
    As for spreads, regulations, trading platforms, variety of markets and accounts, then in many regards this broker excels and that is smth I like most of all about it.
    That is the reason why I continue working with the xs and have no single thought of switching to another company. This one is cool!

  23. I was very impressed with what I read about XS. The fact that it provides access to multiple asset classes and is regulated by various regulatory bodies around the world is a big advantage for an investor looking for a reliable platform. In general, the flexibility and security offered by XS is very attractive for investors like me.

    • It is an interesting question, and franky, I do not have a complete answer. I have not traded there yet, but as far as I know, the usual logic is that entity is automatically adjusted by the broker based on your residency. I suppose it works like this. However, for a full correct answer, I advise you to contact their custoemr support team.
      I contacted them in the past, they replied fast.

    • No, afaik, as the other guy replied, it’s impossible to freely choose the entity under which to trade on the XS platform. It indeed adjusts automatically based on where you reside.

      This is a typical scheme for brokerage companies, because variety of regulations imply that traders from different countries are able to trade under specific financial entity.

  24. Surely, maybe the absence of educational materials is a slight omission from the broker, but on the other hand the main in trading, to my mind, – practice. It’s okay to understand basics of trading and of course to do that you need to read some materials, but they are easily found in the net, without any need to put a lot of effort.
    In all aspects xs broker is a cool solution for meeting daily objectives.

  25. Various payment methods offer customers a more convenient and faster service. This broker is definitely doing a good job.

  26. When one opens the website of XS broker and evaluates the broker, the first thing that comes to his attention is how well-regulated this broker is. Indeed, the availability of licences from the top-tier regulation authorities instils confidence and one can quickly conclude that XS can be trusted. 👍
    The rest of the trading conditions are up to each broker. What one might find as an advantage, another might find as a small flaw. Our preferences differ, but in general, XS can be a suitable choice for a wide range of trading styles.

  27. XS is one of those brokers where you wont have any big issues related to something other than trading you know, and the conditions are good enough to keep you in the loop, its safe and secure, so i find it a viable option. i trade here from time to time

  28. The variety of funding methods is pretty helpful. It’s great to have choice and use different payment mechanisms because sometimes I need money right here, right now. And for that I usually use ewallets since they are much faster than bank cards or wire transfers.

  29. Yes, I think I miss education very much. And I am not even a beginner. So for beginners it would be crucial.
    On the other hand the conditions offered are very well thought through.

    • Surely, I have no gripes to trading conditions on the platform, they allow me to reveal my potential. well, at least P/L is getting more positive and ity’s enough for me to understand that I am moving in a right direction.
      As for education, hell yeah, these guys definitely should work on adding some materials. I notice they regularly updated website, embed new features and functions, so perhaps, they will hear begs of the community xD
      In any case, there’s a bunch of side resources to get knowledge from, so, I assume it’s not a big deal to google required info and click on the very first link 🙂

  30. pretty insightful review of a solid forex broker. I don’t know what to say, other than I have been trading with it for some time and so far I didn;t find any significant flaws that would get in my way.
    Maybe the free VPS service would be a great addition for the broker to become a top-tier.

    • Agree with the aforementioned aspect when having a free access to VPS service would be a game changer!

  31. You know, after reading this article describing XS broker I have no questions at all. I am now planning to open trading account with this company and am thoroughly studying everything related to it. I read reviews, analyze trading conditions and of course read articles like this one.
    Now I’m ready to open trading account with this company and start trading.
    Now I have trading account in another company but I am not satisfied with quality of orders execution and besides XS has more favorable trading conditions.
    That’s why I made such difficult decision😕

  32. If you have ever searched for a broker which trading conditions would be suitable for a particular trading strategy, then you know how it is not easy…
    I found what I was looking for here. Trading conditions and variety of accounts allowed me to stop my search. Trading conditions of this broker generally suit me.

  33. For a broker created a year ago, their services are really good. I am impressed at how far they have come in such little ime.

    • Really?? Well, it is not like you would be able to tell the age of a broker by just using their services. That is really impressive though.

  34. I signed up for the account like yesterday or something and still don’t know all the peculiarities of the platform. I liked the UI design of course, because the color combination is favorable, green is a sign of peace and calm. Their platform is my favorite MT4, or you can choose MT5 if you desire, in this case, you have a flexibility. As for accounts, then I have chosen Standard one as it seems to be well-balanced for me. By the way, guys, what is your opinion about account types? What’s your choice?

    • My choice is standard account, too, because it has the maximum number of available assets for trading.
      However I don’t belittle the essence of others. They are quite cool as well.

    • There is a solid choice of account types. And I understand your view, sometimes as a beginner, it’s hard to know which account types would be the best fit for your trading, especially when there are so many options which is the case with XS. You have made the right choice, indeed the Standard account type is well-balanced and cost-effective. There are no trading commissions and the spreads are pretty tight. It’s the one I use too 👍

  35. Very quick execution. I am very impressed by the broker for achieving that. Trading, especially scalp and intraday traders requires such a platform with incredible trade execution speed. The broker is also safe with multiple regulators overlooking their activities.

  36. Judging by description and ratings listed here, guys from XS know what quality trading conditions are.
    BTW, this site gave a rather high rating to this broker. This is not something you can see very often. I guess XS is really good.

    • I also vouch for their website, and the fact they constantly release different updates, add new functionality is another point to the piggy bank.
      Trading here is a full buzz to me, actually. There’s my favorite trading platform with quite an enviable functionality, as well as I got interested in their XS mastercard recently. It’s a cool thing to increase the speed of funds transactions and get rid of any hassle.

  37. The broker has all the credible licenses of the forex market which is a fantastic thing for the customers.
    Although the regulation is a cornerstone of any brokerage XS has more than that.
    For instance it offers high leverage and also the wide range of asset classes in case you are looking for the proper diversification.

  38. I can’t say I’m happy with the desktop version of the trading platform. I believe that despite the high status and well-deserved respect MetaTrader platforms have an outdated design.
    If you do not pay attention to the design, platforms can be characterized only from positive side.
    They have everything to apply experience and knowledge in practice. In addition, platforms have some non-obvious advantages.
    Bottom line: update design a bit and these platforms will be completely perfect.

    • I believe you are absolutely right. The design of the MTs have become a bit outdated and chunky. It is not as easy to trade on them as it is trading on more modern platforms. And as you said, there are many advantages to using the MTs. But with a little update of their design, I also believe that the platform would be perfect.

  39. XS probably has the best trading conditions for us, I am very very good with all the stuff I get as a trader and I have never coplained about anything.😁

  40. I have been trading here for not so long and I am very satisfied with the service that xs is providing. I was trading without significant leverage to reduce my risk but now I want to earn some more money so I have a question. Is the leverage the same for all asset classes?

    • One of the top choices you can go for if you have any idea how meaningful and important to have top tier security and safety measures for your money. I am not only talking about the strict regulation, but sure, that is important as well. What i am talking about is negative balance protection, availability of a compensation fund, funds protection, broker keeping the funds in seggregated accounts at banks and not pooling them together, you cannot understand how important those are until you hear the news of a broker imploding in the industry. You will be thanking me later.
      Other than the security aspect obviously, trading on xs platform is surely a trait! whether you are a fan of metatrader products or choose to go with their mobile app for example, you get the same assets, good integration, fast connectivity and execution. registering and funding is pretty easy and fast too. you lose no time to be able to jump into markets right away

    • Nope, and it’s kinda illogical to implement the same leverage size for all available assets, as all decent brokers reduce risks for those assets that are considered to be the diciest.
      Even despite the fact, forex minors, majors and exotic can be traded with 1:500 leverage, shares, in this regard, are confined with just only 1:50 leverage size as the volatility on this asset can be jeopardy. Crypto is even less… just 1:20, but, believe me, it’s more than enough.

  41. XS undoubtedly stands out as an outstanding brokerage that encompasses all the qualities traders require in a premium company – dependable, trustworthy, and secure. They offer cutting-edge fintech solutions and provide unwavering support to their clients.

    Can you believe all of this is available in one relatively new brokerage?! I am beyond impressed and thrilled to be a part of the XS trading family.

    If you are a trader seeking a superb broker, XS is your ultimate destination. They offer all the necessary resources, and you’ll receive excellent client care.

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