After a detailed and well-researched XS review, the broker is reliable secure, and provides premium trading conditions. Established in 2010 and headquartered in Australia. XS.com has grown to become a globally recognized broker, operating in multiple regions, including Japan, Cyprus, and the MENA region. With a robust regulatory framework overseen by top-tier financial authorities such as the FSA, ASIC, CySEC, LFSA, and FSCA, XS ensures a secure and transparent trading environment for its clients.
Pros and Cons
Pros:
- Regulatory Compliance: Licensed by multiple prestigious regulatory bodies, ensuring a safe trading environment.
- User-Friendly Platform: Suitable for both beginners and advanced traders.
- Wide Range of Tradable Assets: Includes shares, indices, metals, energy, cryptocurrencies, forex, commodities, and futures.
- Dynamic Leverage Options: Up to 1:2000 leverage, adjusting based on trade volume.
- Multilingual Customer Support: Comprehensive support in multiple languages.
- Insurance Coverage: Civil Liability Insurance Program for added security.
Cons:
- Regional Restrictions: Not available in the USA, North Korea, or Iran.
- Commission Structure: Some account types have commissions, which may not be ideal for all traders.
XS Overall Scores
In this XS review, you can find all the information about XS to decide if it’s the right broker for you. We thoroughly examined the broker through multiple factors such as fees and commissions, safety, accounts, trading platforms, markets, etc.
XS fees and commissions
Through our XS review, we discovered that the broker provides a clear, transparent, and competitive fee structure that appeals to traders of all levels. Most of their accounts are fee-free, and the few that do charge fees are designed to be practical and reasonable.
XS trading fees
The trading fees at XS.com are designed to be low, ensuring that traders can maximize their profits without being burdened by excessive costs. One of the primary components of the XS trading fees is the spread.
XS offers variable spreads, which fluctuate depending on market conditions but are generally tight and competitive.
For example, the spread on major currency pairs like EUR/USD on standard and micro accounts can be as low as 1.1 pips.
The Average spreads on EUR/USD for XS.com Accounts
- Cent Account: 1.1 pips
- Standard Account: 1.1 pips
- Micro Account: 1.1 pips
- Elite Account: 0.1 pips
- Pro Account: 0.7 pips
- VIP Account: 0.1 pips
- Extra Account: 2.1 pips
- Classic Account: 1.6 pips
XS commissions
While some accounts, like the Standard and Micro accounts, do not charge commissions, others, like the Elite and VIP accounts, operate on a commission-based structure.
For instance, the Elite account charges a $3 commission per side but offers exceptionally low spreads, making it suitable for high-frequency traders who benefit from tighter spreads.
Moreover, the VIP account has commission-based trading (specific rates depend on trading volume and conditions).
Financing/overnight rates
XS.com applies overnight rates, also known as swap rates, for positions held overnight. These rates vary depending on the asset being traded and the direction of the trade.
Swap long is used for keeping buy positions open overnight, and Swap short is used for keeping sell positions open overnight.
Swaps occur at 23:59 Server Time each day, excluding weekends, until the position is closed. Additionally, on Wednesdays, triple swaps are charged to cover financing costs incurred over the weekend.
Moreover, swap-free accounts are available for traders who do not engage in interest-related transactions due to religious beliefs, ensuring compliance with Shariah law.
XS.com provides a dedicated page on their website called “Contract Specifications.” Here, you can select the asset you wish to trade and the account type to view all associated fees and other details, such as leverage and platform information.
Non-trading fees
XS.com maintains a transparent fee structure, ensuring there are no hidden fees.
However, it’s essential to be aware of potential non-trading fees, such as inactivity fees, which may apply if there is no trading activity for a certain period, and currency conversion fees if you trade in a currency other than your account-based currency.
Moreover, XS.com typically does not charge fees for deposits and account maintenance.
XS safety
Our XS.com review found that the broker takes extensive measures to ensure a secure and transparent trading environment for its clients.
From regulatory compliance to client fund protection and advanced security protocols, XS has built a reputation for reliability and trustworthiness.
Pros:
- Regulatory compliance (FSA, ASIC, CySEC, LFSA, and FSCA)
- Extensive security measures (data encryption, two-step verification, regular external audits)
- Account segregation
- Insurance program
Cons:
- Not available in North Korea, USA, and Iran
XS licenses and regulation
XS.com is regulated by several top-tier financial authorities, ensuring strict adherence to global security and transparency standards.
The regulatory bodies that oversee XS.com include:
- Financial Services Authority of Seychelles (FSA) – License number SD089
- Australian Securities and Investments Commission (ASIC) – License number 374409
- Cyprus Securities and Exchange Commission (CySEC) – License number 412/22
- Labuan Financial Services Authority (LFSA) in Malaysia – License number MB/21/0081
- South African Financial Sector Conduct Authority (FSCA) – License number 53199
These licenses ensure that XS operates within strict regulatory frameworks, providing a secure trading environment for its clients.
Is XS safe?
XS is considered a safe broker due to its robust regulatory framework and stringent security protocols. The broker’s dedication to maintaining high safety standards is evident in its comprehensive measures to protect client assets and ensure secure online transactions.
XS.com has implemented advanced security protocols to protect clients’ personal information, privacy, and financial assets:
- Data Encryption: Ensures all data transmitted between clients and the broker is encrypted, preventing unauthorized access.
- Two-Step Verification: Adds an extra layer of security to client accounts, making unauthorized access more difficult.
- Strict Password Requirements: Ensures solid and secure passwords are used, reducing the risk of account breaches.
- Regular External Audits: Maintains the integrity and robustness of the broker’s security systems through continuous external reviews.
XS client protection
Client protection is of top priority at XS.com. The broker ensures that client funds are segregated from company funds and are maintained with top-tier financial institutions.
This segregation means that client assets are protected even if the company encounters financial difficulties.
Additionally, XS.com offers a Civil Liability Insurance Program underwritten by Lloyd’s of London, providing coverage for losses exceeding USD 10,000 up to USD 5,000,000. This insurance protects clients against fraud, negligence, and other risks at no additional cost.
XS Background and Reputation
Founded in 2010 in Australia as a liquidity provider, XS.com has grown into a globally recognized broker with a solid reputation for reliability and excellence.
The company operates in multiple regions, including Japan, Cyprus, and the MENA region, and is known for its commitment to client safety and satisfaction.
XS.com’s long-standing presence in the market, combined with its comprehensive regulatory oversight, underscores its reputation as a trustworthy and secure trading platform.
The XS.com review on TrustPilot scores 4.4 out of 5 stars. Furthermore, XS has received numerous awards over the years, recognizing its exceptional security, safety, and premium trading conditions offered to clients.
Some of the awards are:
- Global Powerful Brand by Global Business Conclave, London, UK, April 2024
- Best Multi-Asset Broker LATAM by UF Awards Latam, Mexico City, Mexico, April 2024
- Best Global Broker by Qatar Financial Expo, Doha Qatar, February 2024
Opening an account with XS
Opening a trading account with XS is simple and quick. They also have a fast and easy registration process to streamline your trading experience.
Is XS available in your country?
XS.com operates in multiple countries around the world, except the USA, North Korea, and Iran.
How to open an account at XS
Opening an account with XS.com is straightforward. Visit the XS.com website and click “register” in the top right corner.
Then, fill out the required details on the registration page. Before proceeding, make sure to read all the linked documents.
Then, input the confirmation code sent to your email address and click continue to complete your account creation process.
Now that your account has been created, you must set it up. Watch this video to learn how to set up your trading account with XS.
What you will need to open an account
To open an account, you will need:
- A valid email address.
- Personal information (name, phone number, address, country of residence)
- Proof of identity (passport, driver’s license, or national ID).
What is the minimum deposit at XS?
The minimum deposit at XS varies based on the chosen funding method. For bank transfers, the minimum deposit starts at 200 USD, with a processing time of 1-7 working days, and accepts EUR, USD, and GBP.
For Visa and MasterCard, the minimum deposit is 20 USD, with instant processing, and accepts EUR, USD, and GBP. Both Skrill and Neteller require a minimum deposit of 15 USD, also with instant processing, and accept EUR, USD, and GBP.
This range of options ensures flexibility for traders to fund their accounts conveniently.
XS payment methods
XS.com supports multiple funding methods, including:
- Bank transfer
- Credit/Debit cards (VISA and MasterCard)
- E-wallets (Skrill, Neteller)
XS account types
Our XS review team discovered that XS.com provides three main types of accounts: Preferred, Professional, and Partners Special. Each category includes 2 to 3 accounts, each with unique specifications tailored to different trading needs.
Preferred Account Types
- Cent Account: This account is ideal for new traders. It offers an average spread of 1.1 on EURUSD with no commissions. It is available on the MT5 platform.
- Standard Account: This account is suitable for all levels of traders. It has an average spread of 1.1 on EURUSD and no commissions. It is available on both MT4 and MT5 platforms.
- Micro Account: For traders preferring smaller lots, with an average spread of 1.1 on EURUSD and no commissions. Available on the MT5 platform.
Professional Account Types
- Elite Account: Designed for experienced traders, offering a low average spread of 0.1 on EURUSD with a $3 commission per side. Available on both MT4 and MT5 platforms.
- Pro Account: Favored by seasoned traders, offering an average spread of 0.7 on EURUSD with no commissions. Available on both MT4 and MT5 platforms.
- VIP Account: Tailored for high-net-worth individuals, offering an average spread of 0.1 on EURUSD with commission-based trading. Available on the MT5 platform.
Partners Special Account Types
- Extra Account: Features an average spread of 2.1 on EURUSD with no commissions. Available on both MT4 and MT5 platforms.
- Classic Account: Reliable and straightforward, offering an average spread of 1.6 on EURUSD with no commissions. Available on both MT4 and MT5 platforms.
Demo accounts
XS.com provides demo accounts for traders to practice and test their strategies using virtual money, replicating real market conditions.
Additionally, XS hosts demo trading contests, allowing participants to compete using demo accounts for the chance to win monetary prizes.
Islamic accounts
XS offers swap-free trading accounts, also known as Islamic Accounts or Shariah-compliant accounts, designed for traders who cannot engage in interest-related transactions due to religious beliefs.
These accounts are free from swap or rollover fees, ensuring that traders neither pay nor receive interest on their overnight positions.
XS’s swap-free accounts maintain the same trading conditions and terms as regular accounts, with the sole difference being the absence of swaps. This feature is available across all account types on the MetaTrader 4 and MetaTrader 5 platforms.
Importantly, XS does not impose additional charges such as widened spreads or extra fees on swap-free accounts, ensuring fair and transparent trading conditions.
XS trading platforms
XS.com provides access to the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms available on desktop and mobile devices.
MetaTrader 4
MetaTrader 4 (MT4) is a classic trading platform known for its reliability and essential trading tools. It’s ideal for traders who prefer a straightforward trading experience.
MetaTrader 5
MetaTrader 5 (MT5) offers enhanced features, more timeframes, and a sophisticated interface. It’s suitable for traders who require advanced analytical tools.
What is the execution policy at XS?
XS.com’s execution policy focuses on providing fast and accurate order execution. They utilize modern technology to ensure trades are executed at the best available prices with minimal slippage.
XS markets and products
Our review of XS.com found that the broker offers its clients access to a wide range of tradable assets such as currency pairs, commodities, metals, indices, shares, cryptocurrencies, energy, and futures.
Moreover, XS implements strict risk management measures to protect trading positions during periods of high market volatility. During key events and specific times, known as Higher Margin Requirement (HMR) periods, higher amounts of margin are required to open new orders.
These periods include economic news releases, weekends, and holidays. Notably, the higher margin requirements only apply to positions opened during these times, leaving existing positions unaffected.
Currency pairs
XS offers access to currency pairs, including minor, major, and exotic. The multi-asset broker allows traders to buy and sell currency pairs effortlessly through its advanced MetaTrader 4 and MetaTrader 5 platforms.
The platform’s multiple account types are designed to meet diverse trading needs, ensuring that both beginners and experienced traders can benefit from the best trading conditions.
Commodities
XS provides its traders access to various commodities such as Cocoa, Coffee, Copper, Corn, Cotton, Soybean, Sugar, and Wheat. As a leading CFD broker, XS allows traders to participate in global markets with the potential for favorable returns.
Precious metals
XS enables traders to explore spot metals trading and easily capitalize on various trading opportunities.
Traders have access to a diverse range of metals, including gold, silver, platinum, and palladium.
Indices
With XS, you can trade CFDs on major indices such as the Dow Jones Industrial Average (US30), NASDAQ (US100), S&P 500 (US500), FTSE 100 (UK100), and more.
The platform provides comprehensive trading terms, accurate quotes from multiple suppliers, and versatile analytics, making it easier to navigate the indices market.
Traders benefit from many global stock indices, including those from the US, UK, Australia, Germany, France, Spain, the Eurozone, and Japan.
Shares
XS provides traders with the opportunity to trade CFDs on international shares. The platform allows seamless buying and selling of shares from leading companies such as Amazon, Alibaba, and Apple.
One of the notable advantages of trading with XS is its extensive range of shares from major markets, including the United States (US), United Kingdom (UK), Europe (EU), and Hong Kong (HK).
This extensive coverage includes some of the world’s largest and most popular corporations, enabling traders to diversify their portfolios and tap into global market opportunities. XS provides detailed contract specifications to aid traders in planning their trades confidently.
Cryptocurrencies
XS.com offers an exceptional platform for cryptocurrency trading, providing access to a wide range of digital assets such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC).
As a leading CFD broker, XS allows traders to capitalize on the volatility and potential price movements of the cryptocurrency market.
Energy
XS offers CFD trading on various energy commodities such as Crude Oil and Natural Gas. As one of the top online trading platforms, XS allows traders to explore the dynamic energy markets easily and efficiently.
Traders can access a wide range of energy commodities, including Brent Crude Oil (UKOIL), WTI Crude Oil (USOIL), and Natural Gas (NGAZ).
XS.com’s comprehensive trading platforms offer real-time market data, advanced trading tools, and competitive pricing, empowering traders to make informed decisions and execute trades effectively.
Futures
XS.com provides a premier platform for futures trading, offering the opportunity to trade OTC Futures (CFDs on Futures) with unparalleled advantages. XS grants access to a comprehensive range of assets, such as Crude Oil, Natural Gas, Indices, and Gold.
XS research tools
XS.com offers extensive research tools, including daily market analysis, economic calendars, and trading signals, helping traders make informed decisions.
XS education and training
XS.com provides various educational resources through their blog page. They post cheat sheets, guides, and helpful content to ensure their traders make informed trading decisions.
XS customer support
XS.com offers 24/7 multilingual customer support in languages including English, Arabic, French, Portuguese, Spanish, Traditional Chinese, Simplified Chinese, Korean, Thai, Vietnamese, and Japanese.
XS mobile compatibility
XS.com’s trading platforms, MT4 and MT5, are available on mobile devices, ensuring traders can manage their accounts and trade on the go.
XS Review – Our verdict
Overall, our XS review team found that XS is a reliable trading platform that offers a wide range of assets, competitive trading conditions, and comprehensive safety measures. Its user-friendly interface, dynamic leverage options, and multilingual customer support make it an attractive choice for traders of all levels.
While there are regional restrictions and some accounts may have commissions, the benefits provided by XS.com, including regulatory compliance and extensive security measures, make it a compelling option for global traders.
Whether you are looking to trade forex, commodities, shares, or cryptocurrencies, XS has the tools and resources to support your trading journey. So, take a few minutes and create an account with XS.
XS Information
- Website: www.xs.com
- Founded: 2010
- Headquarters: Australia
- Regulation: FSA, ASIC, CySEC, LFSA, FSCA
- Minimum Deposit: 15 USD (varies by method)
- Platforms: MetaTrader 4, MetaTrader 5
- Customer Support: 24/7 multilingual support
Frequently Asked Questions (FAQ)
How Do I Withdraw Funds from XS?
Withdrawing funds from your XS account is easy and can be done using the same methods as depositing. These include bank transfer, VISA, MasterCard, Skrill, and Neteller.
What Is the Minimum Deposit with XS?
The minimum deposit with XS.com varies depending on the funding method. Some methods require as little as 15 USD.
Does XS Have Insurance Coverage?
XS.com offers a Civil Liability Insurance Program underwritten by Lloyd’s of London, covering losses up to USD 5,000,000 due to fraud, negligence, and other risks.
Where Does XS Not Operate?
Due to regional restrictions, XS.com does not operate in the USA, North Korea, or Iran.
