In the vast and competitive world of online trading, XS has managed to build a reputation as a trusted market leader, offering access to a broad range of tradeable products and a set of services and instruments that meet the diverse needs of traders and investors worldwide, from novices to the most seasoned ones.
The broker promises a smooth and rewarding trading experience for retail and institutional investors alike, enabled by a combination of advanced security features, cutting-edge technology, user-friendly platforms, excellent customer support, and a team of dedicated and highly skilled financial experts ready to put their expertise at client’s disposal and help them reach their trading objectives.
However, appearances can sometimes be deceiving, and claims have to be backed up by reliable evidence because the thriving online trading space is also a breeding ground for scammers and market manipulators looking to prey on unsuspecting participants. With more people getting into trading, increasing the demand and number of these types of services, it can be difficult to distinguish between trustworthy providers, subpar platforms, and malicious entities.
At first glance, XS.com appears to check all the important boxes for excellent trading conditions. But even if XS is widely regarded as a reputable online broker, one has to do due diligence and figure out if trading with XS is a smart move or not. This unbiased XS review aims to take an in-depth look at the services, features, and solutions that the provider offers so you can decide for yourself if it lives up to its promise and reputation as a global trading powerhouse.
XS origins
XS, also known under the XS Group or XS.com brand names, entered the trading scene in 2010 as an Australian-based liquidity provider. Having a strong focus on continuous improvement, the company started to expand its offering and build a wide collection of tradable instruments and thus meet the needs of a larger audience.
Today, XS runs its operations as a fully-regulated global multi-asset broker, facilitating easy access to multiple financial markets. This gives clients from all parts of the world the possibility to trade CFDs on more than 40 currency pairs, along with other types of assets like crypto, shares, indices, metals, energy, futures, and commodities.
The platform aims to simplify the trading journey and maximize results for users of all levels by equipping them with the tools and knowledge they require to make smart and informed decisions. This creates an optimal trading environment where one can enjoy high levels of security, flexibility, multilingual support, and competitive spreads while trading their preferred assets.
XS’ unwavering commitment to their core values and mission has turned the platform into a reliable trading partner that has the potential to empower traders and help them get one step closer to their trading goals.
Strong regulatory compliance
All responsible brokers have to comply with specific laws and regulations to ensure user protection and maintain safe and reliable activities. XS is proud to operate as a multi-licensed trading provider, having its services certified by reputable regulatory agencies in several jurisdictions. This guarantees that all XS entities have undergone thorough checks and their services conform to the highest standards in the industry.
On the company’s website, users can find details about the licenses obtained by all XS bodies and the authorities that oversee their operations. As specified by the broker, XS Ltd complies with applicable laws in Seychelles and is regulated by the Financial Services Authority of Seychelles (FSA).
XS Prime Ltd is incorporated under the laws of Australia and is supervised by the Australian Securities and Investments Commission (ASIC). The Cyprus Securities and Exchange Commission (CySEC) is in charge of regulating XS Markets Ltd, while XS Finance Ltd is authorized by the Labuan Financial Services Authority (LFSA). Lastly, XS ZA (Pty) Ltd is certified by the South African Financial Sector Conduct Authority (FSCA).
Robust security
With online trading platforms being a primary target for hackers and cybercriminals, brokers need to implement strong security measures to keep these risks at bay and provide clients with peace of mind. When it comes to client protection, XS cuts no corners. The provider boasts a robust security infrastructure, employing the latest technology and innovative solutions such as 2-step verification processes, strong digital controls, and advanced encryption protocols.
Moreover, client protection is reinforced by the use of segregated accounts, so if anything were to happen to the company’s assets, traders can rest assured that their funds are kept safe at all times.
The extensive insurance coverage offered by the Civil Liability Insurance Program underwritten by Lloyd’s of London completes the suite of solutions meant to reduce risks and guarantee a hazard-free trading space.
Comprehensive trading options
Trading needs and objectives differ from one user to another. By including several account types in its offering, XS.com is able to accommodate the requirements of a large and diverse pool of traders, allowing each client to choose the option that best suits their preferences.
Those who are new to trading and prefer to start with low volumes while also having access to multiple financial products can opt for the Cent Account. Traders of all levels can take advantage of the competitive spreads and zero commission offered by the Standard Account, while those who want to test their trading strategies and keep risks to a minimum are best served by the Micro Account.
The platform also has three account types that cater to professional traders specifically – the Elite, Pro, and VIP Accounts – as well as a special category dedicated to partners.
Key features and functionalities
XS’ rise to fame has been facilitated by a series of standout features and characteristics, including the integration of two top-tier trading platforms, MetaTrader 4 (MT4) and MetaTrader 5 (MT5), and the use of a dynamic leverage model, which allows the broker to offer flexible trading conditions.
Clients also benefit from multiple payment options, including bank transfer, Visa, MasterCard, Skrill, and Neteller, making the deposit and withdrawal process fast and easy. The platform’s competitive spreads and costs, transparent fee structure, and frequent bonuses and promotions contribute to an enhanced trading experience.
This unique set of traits establishes XS as a dominant force in FinTech, highlighting its commitment to delivering reliable and user-centric trading solutions.
