XS.com Review: What to Know Before You Trade

XS.comReview: CFD Broker Overview

Established in Australia in 2010, XS is a trustworthy multi-asset broker, becoming increasingly popular in online trading. With licenses in several jurisdictions and a broad global presence, this award-winning broker guarantees accessibility for traders worldwide. XS operates from its headquarters in Australia and ensures compliance with the stringent regulatory requirements applicable by ASIC, FSA, CySEC, and FSCA.

The CFD broker’s dedication to empowering novice and expert traders extends to various asset classes, including shares, currencies, metals, energy, futures, commodities, and indices. XS.com is continuously expanding, so we had to dissect what most people call the best online trading platform. Find out what this broker has to offer in this in-depth XS.com review.

Why does XS.com stand out among the best CFD brokers? The answer is simple: the broker has multiple licenses and success stories that comfort and even encourage traders to join the platform. Moreover, XS.com offers a variety of funding options, including Visa, Mastercard, Skrill, Bank Wire, Neteller, and Sticpay, to accommodate a wide range of tastes. In addition, the site offers a demo account so that customers can become acquainted with its features prior to using their actual funds.

XS.com offers dynamic leverage up to 1:2000. The broker also provides live chat customer assistance in multiple languages, including English, French, Spanish, Arabic, Traditional Chinese, Simplified Chinese, Thai, Vietnamese, Portuguese, Japanese, and Korean.

XS.com Pros and Cons Reviews

Furthermore, XS.com has received many positive reviews as it offers several noteworthy advantages for traders.

First, the registration process is simple and quick, expediting the onboarding process. Second, XS.com complies with numerous regulations (ASIC, FSA, CySEC, FSCA, LFSA) as a global broker, providing users with a safe and secure trading environment worldwide.

The platform offers fast and reliable funding options through various methods, including Visa, Mastercard, Skrill, Bank Wire, Neteller, and Sticpay. Additionally, XS.com stands out from other CFD brokers by offering traders access to numerous asset classes inside a single account, facilitating portfolio diversification.

The broker guarantees assistance in several languages through its multilingual customer service. Furthermore, XS.com ensures a quick and fair-trade execution, which helps its customers have a smooth and practical trading experience. However, the commonly noted con is that the platform's extensive features tend to overwhelm new traders.

What Makes XS.com Safe?

Scams and fraudulent online platforms plague the trading world. How can one make sure XS.com isn’t one? As already mentioned in this XS.com review, the multi-asset broker adheres to multiple regulations. Moreover, XS.com provides insurance coverage up to USD 5,000,000, underwritten by Lloyd's of London, ensuring client protection.

Additionally, it segregates client accounts in reputable financial institutions worldwide, ensuring their protection, and implements advanced security measures while delivering financial services since 2010 to traders, investors, and brokers globally.

Regulations

XS.com operates under the legal frameworks and regulations established by various international jurisdictions.

• FSA, Seychelles

XS Ltd is registered under the laws of Seychelles with company number (8428765-1). XS Ltd is authorized and regulated by the Financial Services Authority of Seychelles (FSA) with license number: (SD089).

• ASIC, Australia

XS Prime Ltd is registered under the laws of Australia with company number (141 194 934). XS Prime Ltd is authorized and regulated by the Australian Securities and Investments Commission (ASIC) with license number: (374409).

• CySEC, Cyprus

XS Markets Ltd is incorporated under the laws of the Republic of Cyprus with registration number (HE 386563). XS Markets Ltd is authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) with license number (412/22).

• FSCA, South Africa

XS ZA (Pty) Ltd is registered under the laws of South Africa with company number 2023/608801/07. XS ZA (Pty) Ltd is authorized and regulated by the Financial Sector Conduct Authority (FSCA) in South Africa as a Financial Service Provider (FSP) with FSP number 53199.

XS.com’s Insurance

XS offers an additional Civil Liability Insurance Program, underwritten by Lloyd's of London, safeguarding clients against financial losses up to USD 5,000,000 due to errors, fraud, negligence, or service-related failures at no extra charge.

Once a user opens a live account on XS.com, he will automatically be on the insurance program. This insurance automatically covers clients, providing compensation in case of financial losses caused by XS's actions or oversights.

This program, symbolizing XS's commitment to regulatory compliance and the highest industry standards, ensures peace of mind for investors, transparently safeguarding their assets and emphasizing the protection and integrity of their funds.

Segregation of Clients’ Funds

XS.com reviews show how much traders appreciate the platform’s segregation of client accounts from company funds. XS holds their clients’ funds within the most reputable financial institutions globally, ensuring that client funds remain distinct and isolated from the operational capital of the company.

XS.Com’s Data Protection

XS.com prioritizes the security of clients' data by implementing advanced security measures to safeguard their personal information, privacy, and financial assets. The platform employs top-tier data encryption across its websites and applications and maintains a dedicated team of experts to monitor and respond to any irregularities in online payment activities.

Moreover, XS.com offers a two-step verification option and automated email confirmations for password changes to improve account security. The platform also ensures GDPR compliance and undergoes regular external audits to maintain data security.

XS.com Review of Deposit and Withdrawals Options

XS.com ensures the deposit and withdrawal process runs very smoothly with little complications.

Deposit Options

XS ensures a simple and convenient deposit process, offering diverse methods such as bank transfers, credit/debit cards, and popular e-wallets to accommodate users' preferences.

Users can log in to their XS account, access the deposit section, and select their preferred method, following the instructions for swift fund crediting into their trading account to initiate a deposit.

The platform's user-friendly deposit process is designed for a seamless experience, enabling users to start trading shortly after funding their accounts. The table below presents the deposit details per funding method.

Withdrawals

XS.com withdrawals have been traders’ favorite. The CFD broker ensures a reliable and efficient withdrawal process. Users can initiate a withdrawal by logging into their XS account, accessing the withdrawal section, and following the outlined steps.

Moreover, XS.com guarantees security in processing withdrawal requests, which may involve identity verification and adherence to security protocols to safeguard users' funds.

These measures ensure that only authorized individuals can access and withdraw funds from their trading accounts, prioritizing the security of users' assets. The table below presents the deposit details per funding method.

XS.com Prepaid Mastercard

XS.com offers a branded prepaid Mastercard and a mobile app, allowing partners and clients to transfer funds from their XS wallet to their XS card directly and vice versa.

The XS Prepaid Mastercard & the “XS Cards” Mobile App are fully integrated with the XS Client Portal, which makes the entire deposit and withdrawal process smooth and straightforward.

Users can use the XS Prepaid Mastercard card for POS, ATMs, e-commerce, mobile applications, and loyalty solutions.

XS.com Review Of Account Types

In light of this XS.com review, it was a must to delve into what the platform offers in terms of accounts. XS offers a variety of account types to cater to different trading preferences and expertise levels. There are three main account types, preferred, professional and partners special, each categorized into sub-accounts.

Preferred Account Types

The Preferred Account Types, categorized into Cent, Standard, and Micro accounts, provide access to the MT4 & MT5 trading platforms, an average spread of 1.1 on EURUSD, and a diverse range of instruments. The infographic below presents the details for each account.

Professional Account Types

The Professional Account Types, categorized into Elite, Pro, and VIP accounts, offer specialized features such as narrower spreads, ranging from 0.1 to 0.7 on EURUSD, along with varying commission structures and an extensive array of tradable instruments. The infographic below presents the details for each account.

Partners Special Account Types

The Partners Special Account Types, categorized into Extra and Classic, offer traders the choice between MT4 and MT5 platforms, differing in spread averages and available instruments. The infographic below presents the details for each account.

XS.com Platforms

XS.com review shows that the broker operates on two platforms, MetaTrader 4 and MetaTrader 5, each offering distinctive features tailored to traders' diverse needs.

MetaTrader 4

MetaTrader 4 provides an intuitive interface, customizable layouts, and advanced charting tools with various timeframes and technical indicators, catering to a seamless trading experience.

With automated trading options through Expert Advisors (EAs) and real-time market quotes, traders can execute one-click trades and access multiple order types.

MetaTrader 5

Conversely, MetaTrader 5, known for its advanced charting tools and technical analysis indicators, supports a depth of market (DOM) feature for transparent market depth insights and a built-in economic calendar for event tracking.

It also offers hedging capabilities, expert advisors for automated trading, and premium trading conditions featuring market depth, time, and sales information. It ensures a comprehensive suite of tools for traders seeking diverse and robust functionalities.

XS.com Copy Trading

XS.com offers the best copy-trading solutions, enabling clients to be part of the fastest-growing copy-trading communities. Clients can select the most suitable copy trading account type (XS Copy Standard & XS Copy Pro) and use the best copy trading solutions.

XS.com is fully integrated with the HokoCloud copy trading platform, allowing access to a worldwide network and becoming part of the fastest-growing copy trading community.

Xs.com Review: Asset Management Solutions

The asset management solution at XS.com enables professional asset managers to manage multiple accounts simultaneously and trade on their investors' behalf using the advanced PAMM Solution.

PAMM, or Percent Allocation Management Module, is a turnkey money management investment system that allows professional asset managers to trade on their clients' accounts. At the same time, the Investors will get view-only access to their accounts.

The PAMM solution at XS.com is fully integrated and compatible with MetaTrader4 and MetaTrader5 trading platforms.

XS.com’s Partnership Programs

XS.com offers multiple partnership programs that cater to a wide range of partner types, including Introducing Brokers (IBs), Influencers, Digital Affiliates, Local Partners, and education Experts.

The broker designed these partnership programs for those who wish to increase their revenue by introducing clients to the multi-award-winning broker.

The benefits of Partnership Programs at XS.com Include Generous Rewards, Prompt Payouts, Advanced Reporting, Promotional Tools, Marketing Resources, Excellent Support, and premium Conditions.

XS.com’s Institutional Solutions

XS has positioned itself as a frontrunner in the institutional multi-asset trading solutions, Fintech, and financial services industry since its establishment in 2010. The company caters to institutional clients and brokers globally, offering access to deep institutional liquidity and cutting-edge trading technology.

XS prides itself on delivering a seamless user experience, top-notch management solutions, and exceptional customer support, emphasizing a range of benefits in choosing its institutional trading solutions.

These advantages include comprehensive solutions tailored to institutional needs, competitive pricing, advanced reporting tools, flexible execution, robust risk management, personalized guidance, regulatory compliance, scalability, diverse asset classes, trusted reputation, and client compliance support.

The Institutional Solutions at XS.com include Liquidity Solutions, White Labels, Technology Solutions, Consultancy Services, Full Solutions, and tailored Services.

XS.com 2023 in Review: Events, Awards, and Sponsorships

Events, expos, and seminars filled XS.com’s year. The broker has been to Dubai, South Africa, and Jordan, among others, educating individuals about online trading. These events weren’t limited to education but included multiple awards. The number of awards reflects XS.com's positive reviews and dedication to excellence. Here’s a summarized XS.com review of the broker’s awards.

Company Awards

1. MOST SECURE BROKER - Oman Smart Vision Summit, Oman, February 2024.
2. BEST GLOBAL BROKER – Qatar Financial Expo (QFEX), Qatar, February 2024.
3. BEST MULTI-ASSET BROKER (MEA) – UF Awards MEA 2024, UAE, January 2024.
4. BEST TRADING CONDITIONS (MEA) - UF Awards MEA 2024, UAE, January 2024.
5. GLOBAL BROKER OF THE YEAR – The Traders Fair & Award, Vietnam, December 2023.
6. BEST MULTI-ASSET BROKER ASIA - The Traders Fair & Award, Vietnam, December 2023.
7. BEST MULTI-ASSET BROKER AFRICA - The Traders Fair & Award, Vietnam, December 2023.
8. BEST GLOBAL VALUE BROKER – Smart Vision Expo, Egypt, November 2023.
9. BEST CUSTOMER SUPPORT – Smart Vision Expo, Egypt, November 2023.
10. BEST GLOBAL MARKET LEADER -The Dubai Forex Expo HQMENA, September 2023.
11. TOP TRUSTED FINANCIAL BROKER -Middle East Awards Ceremony Smart Vision, September 2023.
12. BEST MULTI-ASSET BROKER -Jordan Financial Expo & Award JFEX Afaq Group, September 2023.
13. BEST B2B BROKER -Forex Traders Summit Smart Vision, May 2023.
14. BEST MULTI ASSET BROKER -Forex Traders Summit Smart Vision, May 2023.
15. THE MOST INNOVATIVE TEAM -The Trading Influencers Awards Ceremony TradingLive, May 2023.
16. THE MOST VALUED BRAND -The Trading Influencers Awards Ceremony TradingLive, May 2023.
17. BEST INSTITUTIONAL BROKER -FinTech & Crypto Summit Smart Vision, February 2023.

Personal Awards

Mohamad Ibrahim

XS.com’s CEO, Mohamad Ibrahim, was honored with four awards this year:

1. TOP GLOBAL CEO -Middle East Awards Ceremony Smart Vision, September 2023.
2. GLOBAL INSPIRATIONAL LEADER -White Page Leadership Conclave White Page International, September 2023.
3. CEO OF THE YEAR -Jordan Financial Expo & Award JFEZ Afaq Group, September 2023.
4. MOST INFLUENTIAL FIGURES BEST CEO -FinTech & Crypto Summit Smart Vision, February 2023.

Wael Hamad

Moreover, XS.com’s CCO, Wael Hamad, was honored with one award:

1. MOST INFLUENTIAL FIGURES BEST CCO -Forex Traders Summit Smart Vision, May 2023

XS.com’s Sponsorships

XS.com’s brand was featured alongside the most prestigious brands in the world at the three major tennis tournaments (Grand Slam): the French Open, held at the Stade Roland Garros in Paris, the oldest tennis tournament globally, hosted by The All England Croquet Club in Wimbledon, London, and the Australian Open held at Melbourne Park in Melbourne, Victoria, Australia.

Supporting these esteemed events signifies XS.COM's commitment to fostering sports excellence and its dedication to being associated with world-class sporting spectacles.

Through these sponsorships, XS.COM demonstrates its ongoing support for the world of tennis, aligning with its ethos of promoting and celebrating sporting achievements on a global stage.

How to Create an Account on XS.com

This XS.com review presented what the broker has to offer, and it offers a handful of opportunities, especially for newcomers. If you’re looking to join the XS.com platform, the account creation is easy. From registering to opening your demo account, the entire process will take you less than 5 minutes. Below is a video showing you how to create an account on XS.com step-by-step.

The Final Verdict on XS.com Reviews

In summary, XS.com is a leading platform in the financial services industry, offering a diverse range of account types tailored to meet various trading preferences and expertise levels.

With a commitment to ensuring robust security measures, XS.com prioritizes safeguarding clients' data and financial assets through advanced encryption, stringent verification processes, and continuous adherence to the highest industry standards.

The platform's dedication to security extends to both deposit and withdrawal processes, ensuring efficiency and reliability for users' convenience. Moreover, XS.com's sponsorship of prestigious tennis tournaments and diverse awards underscore its dedication to excellence, innovation, and global sports partnerships.

Through its comprehensive suite of services, stringent security measures, and partnerships with top-tier events, XS.com continues to be a trusted name, empowering traders and investors while upholding its commitment to excellence and integrity in the financial industry.