XS is a popular online trading platform known for its user-friendly interface, a wide range of tradable instruments, and strict security measures. In a market where every broker claims to be the best, it’s crucial to verify these claims. That’s why we’ve conducted a comprehensive XS review to provide you with all the essential information about this broker.
Read our XS Review and Discover What You Can Trade with XS
There are multiple XS reviews and reviews of other brokers in general, so we make ours as concise and straight to the point as possible to save you some time.
Our Rating of XS.com
- Dynamic Leverage up to 1:2000
- Swap-Free Trading
- Licenses: FSA, ASIC, CySEC, LFSA, FSCA
- Beneficial IB and influencer programs
Our Overall Rating:
90/100
XS Review: An Introduction to XS.com
Founded in Australia in 2010, XS began as a liquidity provider and has since evolved into one of the industry’s most renowned brokers. Today, XS operates globally, with offices in key locations such as Japan, Cyprus, and the MENA region.
XS.com offers a seamless trading experience with access to a diverse range of assets, including shares, indices, metals, energy, cryptocurrencies, forex, commodities, and futures.
The platform is designed with user-friendliness and advanced features, ensuring both beginner and advanced traders have the tools they need to succeed.
Moreover, XS provides a safe and secure trading environment under strict regulatory standards. With licenses from prestigious regulatory bodies such as the FSA, ASIC, CySEC, and LFSA, traders can invest with confidence knowing their assets are protected.
| Support: Multilingual customer support is available 24/7 in 11 languages (English, Arabic, French, Thai, Vietnamese, Portuguese, Spanish, French, Simplified Chinese, Traditional Chinese, Korean, and Japanese). |
| Regulatory Licenses: FSA, ASIC, CySEC, LFSA, FSCA. |
| Restricted Access: XS does not operate in North Korea, the US, and Iran. |
XS Offers Access to Multiple Platforms and Accounts to Suit All Trading Preferences
XS provides a versatile trading environment by offering access to various platforms and account types tailored to meet diverse trading needs. This includes access to mobile and desktop trading platforms and account types with different spreads and fees.
Access the MetaTrader Platforms with XS
XS offers you access to the MetaTrader platforms. You can choose between MT4 and MT5.
MetaTrader 4 is the classic trading platform that many traders know and love. It’s reliable, packed with essential tools, and perfect for those who want a straightforward trading experience.
If you’re comfortable with traditional trading methods, MT4 is your best bet.
However, if you want something a bit more advanced, MT5 is the next step up. It offers more timeframes, enhanced features, and a sophisticated interface.
It’s great for traders who want to enhance their trading with more analytical tools and options.
Choose the Trading Account That Suits You
When writing this XS review, we were impressed by the number of accounts with different perks that XS offers. There are accounts with no fees and access to a wide tradable market and accounts with fees but tight spreads.
Also, XS offers a demo account option where you can test your trading strategies with virtual money. Here’s a quick overview of the XS trading accounts.
Preferred Account Types
- Cent Account
- Target Users: New traders
- Features: Average spread of 1.1 on EURUSD, no commissions
- Platform: MT5
- Standard Account
- Target Users: All levels of traders
- Features: Average spread of 1.1 on EURUSD, no commissions
- Platform: MT4 and MT5
- Micro Account
- Target Users: Traders preferring smaller lots
- Features: Average spread of 1.1 on EURUSD, no commissions
- Platform: MT5
Professional Account Types
- Elite Account
- Target Users: Experienced traders
- Features: Average spread of 0.1 on EURUSD, $3 commission per side
- Platform: MT4 and MT5
- Pro Account
- Target Users: Seasoned traders
- Features: Average spread of 0.7 on EURUSD, no commissions
- Platform: MT4 and MT5
- VIP Account
- Target Users: High-net-worth individuals
- Features: Average spread of 0.1 on EURUSD, commission-based trading
- Platform: MT5
Partners Special Account Types
- Extra Account
- Target Users: Partners needing specialized trading conditions
- Features: Average spread of 2.1 on EURUSD, no commissions
- Platform: MT4 and MT5
- Classic Account
- Target Users: Traders seeking reliable and straightforward features
- Features: Average spread of 1.6 on EURUSD, no commissions
- Platform: MT4 and MT5
Islamic Accounts (Swap-Free Trading)
XS also offers swap-free accounts to traders who adhere to Islamic principles. These accounts are designed for traders who cannot engage in interest-related transactions due to religious beliefs.
Swap-free accounts, also known as Islamic accounts, do not incur swap or rollover fees on overnight positions. This feature ensures that traders can maintain their positions without paying or receiving interest, aligning with Shariah law.
The swap-free option is available across all account types on the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Importantly, XS.com does not impose additional charges, widened spreads, or hidden fees on these accounts, ensuring fair and transparent trading conditions.
This shows how much XS is an inclusive platform that respects and accommodates the diverse needs of its global clientele.
XS Review of Deposits and Withdrawals
When it comes to managing your trading account, XS offers a variety of funding and withdrawal options to ensure flexibility and convenience. Whether you prefer traditional bank transfers or modern e-wallets, XS covers you.
Here’s a closer look at the available methods and what you can expect when moving money in and out of your XS trading account.
For deposits, you can use traditional bank transfers with a minimum deposit typically starting from 50 USD and processing times of 1-3 business days. Credit and debit cards (VISA and MasterCard) are also accepted, with a lower minimum deposit of 15 USD and instant processing.
Additionally, e-wallets like Skrill and Neteller provide quick and easy funding options, also with a minimum deposit of 15 USD and instant processing.
For withdrawals, XS.com ensures flexibility and speed. Bank transfers are processed within 1-3 business days, while credit and debit card withdrawals take the same amount of time.
E-wallet withdrawals are particularly fast, with processing times ranging from instant to a few hours. These options provide traders the flexibility and convenience to manage their funds efficiently.
A Multilingual Customer Support Is Ready 24/7 to Help You Out
The XS customer support team operates 24/7 to guide you through their platform and answer any questions you might have. And, if English isn’t your first language, don’t worry.
Their support team is available in English, Arabic, French, Portuguese, Spanish, Traditional Chinese, Simplified Chinese, Korean, Thai, Vietnamese, and Japanese.
Moreover, they have a blog section where they regularly upload helpful content such as cheat sheets, explanatory articles, and guides. Additionally, they have a market analysis section where you can find the latest news about the market to make more informed trading decisions.
XS Receives Multiple Awards for Its Premium Trading Conditions
XS has received numerous awards, recognizing its commitment to excellence and innovation in the trading industry. Some of the notable awards include:
- Broker of the Year: Awarded by Ultimate Fintech at the UF Awards Global 2024.
- Best Partnership Programs: Recognized at the Forex Traders Summit by Smart Vision.
- Global Powerful Brand: Honored at the Global Business Conclave by White Page International.
- Best Multi-Asset Broker – LATAM: Awarded by Ultimate Fintech at the UF Awards LATAM 2024.
- Most Secure Broker: Recognized at the Oman Summit by Smart Vision.
XS Review: Popular Features that Make XS Stand Out
Our XS review showed that XS prioritizes its clients’ funds’ safety through comprehensive insurance coverage and advanced security measures.
The broker offers a Civil Liability Insurance Program underwritten by Lloyd’s of London, one of the most reputable insurance providers in the world.
This program provides an additional layer of security by covering losses exceeding USD 10,000 up to a maximum of USD 5,000,000.
The coverage protects clients against potential claims related to fraud, negligence, errors, and other risks. This insurance is automatically provided at no additional cost to clients, ensuring that they can trade with confidence, knowing that their investments are safeguarded.
Moreover, the broker adopts strict security protocols, including data encryption, two-step verification, strict password requirements, segregated accounts and regular external audits.
| Feature | Description |
| Trading Platforms | MetaTrader 4 (MT4): Classic, reliable platform with essential tools. MetaTrader 5 (MT5): Advanced features, more timeframes, sophisticated interface. |
| Regulation | Licensed by FSA, ASIC, CySEC, and LFSA ensuring a safe trading environment. |
| Tradable Assets | Shares, indices, metals, energy, cryptocurrencies, forex, commodities, and futures. |
| Leverage | Dynamic leverage up to 1:2000, adjusting based on trade volume. |
| Customer Support | Multilingual support available in English, Arabic, French, Portuguese, Spanish, Traditional Chinese, Simplified Chinese, Korean, Thai, Vietnamese, and Japanese. |
| Security | Advanced security protocols including data encryption, two-step verification, strict password requirements, segregated accounts, regular external audits. |
| Insurance Coverage | Civil Liability Insurance Program covering losses exceeding USD 10,000 up to USD 5,000,000. |
| Swap-Free Trading | Islamic accounts available without swap or rollover fees. |
| Funding Options | Multiple funding methods including bank transfer, VISA, MasterCard, Skrill, and Neteller. |
In conclusion, our XS review showed that XS is a reliable and globally regulated broker that prioritizes the safety and security of its clients.
With a wide range of tradable assets, dynamic leverage options, swap-free trading, and multilingual customer support, XS caters to both beginner and advanced traders.
If you’re looking for a trusted broker with a solid reputation, XS is an excellent choice.
FAQs
Is XS Good for Beginners?
Yes, XS is a great choice for beginners looking to start their trading journey. They have a quick and easy registration process and a user-friendly trading platform. XS also has multilingual customer support always ready to answer any question traders might have.
How Do I Deposit in an XS Account?
You can deposit funds into your XS account using various methods, including bank transfer, VISA, MasterCard, Skrill, and Neteller. Minimum deposits vary by method, starting as low as 15 USD.
What Is the Max Leverage in XS?
XS offers a dynamic leverage up to 1:2000 that adjusts based on the volume of trades. As trade volumes increase, the maximum leverage is adjusted downwards, ensuring a balanced approach to risk management.
Does XS Offer a Demo Account?
Yes, XS offers a demo account that allows traders to practice and test their strategies with virtual money under real market conditions.
How Do I Open an Account with XS?
To open an account with XS, visit the XS.com website, click on the “Register” button, and fill out the required details on the registration page. Follow the instructions to complete your account creation.
