XS.com is a forex broker registered in Australia in 2009, primarily offering trading services in financial derivatives such as forex, stocks, indices, metals, energy, futures, and cryptocurrencies. The broker holds regulatory licenses in various regions and has offices in multiple global locations.
Company Background:
XS.com is a global leading enterprise headquartered in Seychelles, mainly engaged in financial technology, financial services, and online trading business. The company was established on September 25, 1992, and has decades of history. It owns several subsidiaries, including XSPrime Ltd (registered in Australia), XS Markets Ltd (registered in Cyprus), and XSZA (Pty) Ltd (registered in South Africa). XS.com has a significant global influence, providing customers with high-quality financial services and innovative online trading solutions.
Regulation and Safety
XS.com prioritizes the safety of client funds. The company ensures the security of client funds through transparent operations, segregation of client funds, and offering protection against liabilities. The various subsidiaries of XS.com are also subject to strict regulation and supervision:
- XSLtd: Authorized and regulated by the Seychelles Financial Services Authority (FSA), with registration number SD089.
- XS Prime Ltd: Authorized and regulated by the Australian Securities and Investments Commission (ASIC), with registration number 374409.
- XS Markets Ltd: Authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC), with registration number 412/22.
- XSZA (Pty) Ltd: Authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) as a financial service provider, with registration number 53199.
These regulatory authorizations assure the legality and transparency of XS.com and its subsidiaries in the financial services domain, providing a safe and reliable trading environment for clients.
Mission and Values
XS.com is dedicated to empowering traders by providing knowledge and tools to help them succeed in the dynamic world of trading. The company strives for excellence, adheres to integrity, values talent, continuously innovates, improves, builds the community, and prioritizes the security of customer information and funds.
Trading Platforms and Products
XS.com offers advanced trading platforms, including MetaTrader 4 and MetaTrader 5, as well as proprietary XSWebTrader and XSMobileTrader platforms, allowing traders access to a variety of asset classes including stocks, indices, metals, energy, cryptocurrencies, and more.
Deposit and Withdrawal Options
XS.com supports multiple deposit and withdrawal options, including bank wire transfers, credit/debit cards, and several e-wallets such as Skrill and Neteller. The minimum deposit required to open a real trading account is $200, and XS promises to process withdrawal requests within one working day.
Safety and Community
XS.com values the safety of customer information and funds, taking strong measures and adhering to strict regulatory standards. Traders not only enjoy comprehensive educational resources, advanced trading tools, and personalized support but also join a vibrant trading community, sharing insights with like-minded individuals and expanding their networking circles.
Account Types
XS.com provides a variety of account types to cater to different trading preferences and strategies, including CENT, STANDARD, MICRO, ELITE, PRO, VIP, EXTRA, and CLASSIC accounts.
Preferred Account Types:
- The CENT account offers the MT5 trading platform, with an average EURUSD spread of 1.1, commission-free, and allows trading in currencies and metals.
- The STANDARD account offers the MT4 and MT5 trading platforms, with an average EURUSD spread of 1.1, commission-free, and allows trading in currencies, metals, cryptocurrencies, energy, indices, futures, and stocks.
- The MICRO account offers the MT5 trading platform, with an average EURUSD spread of 1.1, commission-free, and allows trading in currencies, metals, energy, and indices.
Professional Account Types:
- The ELITE account offers the MT4 and MT5 trading platforms, with an average EURUSD spread of 0.1, a commission of $3 per lot (one way), and allows trading in currencies, metals, cryptocurrencies, energy, indices, and futures.
- The PRO account offers the MT4 and MT5 trading platforms, with an average EURUSD spread of 0.7, commission-free, and allows trading in currencies, metals, cryptocurrencies, energy, indices, futures, and stocks.
- The VIP account offers the MT5 trading platform, with an average EURUSD spread of 0.1, commission-free, and allows trading in currencies, metals, cryptocurrencies, energy, indices, futures, and commodities.
Special Account Types for Partners:
- The EXTRA account offers the MT4 and MT5 trading platforms, with an average EURUSD spread of 2.1, commission-free, and allows trading in currencies, metals, cryptocurrencies, energy, indices, and futures.
- The CLASSIC account offers the MT4 and MT5 trading platforms, with an average EURUSD spread of 1.6, commission-free, and allows trading in currencies, metals, cryptocurrencies, energy, indices, and futures.
Account Opening Process
To register a trading account with XS.com, users need to visit its official website and complete the registration process. During registration, users must provide personal information including their name, country, phone number, and email address, and set a secure password. Once registration is complete, users can choose a preferred deposit method to fund their account. After funding, users can engage in trading activities on the XS.com trading platform. By selecting trading products and account types, and utilizing the trading tools and features provided by XS.com, users can trade, participate in the financial markets, and pursue their investment goals.
Leverage
Leverage options are diverse, offering up to 1:500 for most forex pairs, up to 1:200 for gold, 1:100 for energy, 1:100 for major indices, 1:50 for stocks, and 1:20 for the most popular cryptocurrencies. While leverage can increase profit potential, it also increases risk.
Spreads and Commissions
XS.com offers competitive spreads, customized for users with different trading preferences. Key currency pairs such as EUR/USD have spreads starting as low as 0.1, providing an attractive proposition for traders. Different account types offer specific structures regarding spreads and potential commissions on executed trades.
Customer Support
XS.com provides 24/7 multilingual customer support to ensure clients have the necessary help and support at any time and place. Clients can contact the customer service team through various channels, including live chat, email, and phone. XS.com's customer support service aims to ensure that clients have a positive experience during the trading process and help them achieve their investment goals.
Conclusion:
XS.com is an online forex broker mainly offering trading services in financial derivatives such as forex, stocks, indices, metals, energy, futures, and cryptocurrencies. The broker holds regulatory licenses in various regions, provides a variety of account types to meet the needs of different trading preferences and strategies. The minimum deposit required to open a real trading account is $200. Currently, XS.com is marked as "Active" on TraderKnows.
