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/10

XS

Mauritius|2-5 years| Benchmark AA|
Institution Forex License (STP)|MT4 Full License|Global Business|Medium potential risk|Offshore Regulated|

https://xs.com/

Website

Rating Index

Benchmark

Benchmark

AA

Average transaction speed (ms)

265.5 Great

MT4/5

Full License

XSSystems-Demo

Netherlands
MT4
14

Benchmark

Speed:AAA

Slippage:B

Cost:AAA

Disconnected:A

Rollover:B

MT4/5 Identification

MT4/5 Identification

Full License

14
Server Name
XSSystems-Demo MT4
Server Location Netherlands

Contact

support@xs.com
https://xs.com/
Office No. 13, Third Floor, Ebrahim Building, Victoria, Mahe, Seychelles
https://www.facebook.com/XSCOMGLOBAL

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

Other ways of contact

Broker Information

More

Company Name

XS Ltd

Abbreviation

XS

Platform registered country and region

Mauritius

Company website
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Instagram
Linkedin

Pyramid scheme complaint

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WikiFX Risk Alerts 3
Previous Detection : 2024-07-18
  • The CyprusCYSEC regulation (license number: 412/22) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD089 is an offshore regulation. Please be aware of the risk!
  • The AustraliaASIC (Regulatory number: 374409) Institution Forex License (STP) held by belongs to the scope of institutional business, excluding retail business. It cannot open accounts for individual investors. Be aware of the risks!

WikiFX Verification

XS · WikiFX Survey
XS · Benchmark
Average transaction speed(ms)
265.5 Great
The highest transaction speed(ms)
156 Good
The highest speed of opening positions(ms)
156 Good
The highest speed of closing position(ms)
171 Good
The lowest speed of opening positions(ms)
1047 Great
The lowest speed of closing position(ms)
500 Great
10.43USD/Lot Great
0USD/Lot
Long: -8.8USD/Lot    Short: 1.07USD/Lot Poor
Long: -26.53USD/Lot    Short: 11.47USD/Lot
Average slippage
0.9 Poor
Maximum transaction slippage
19
Maximum positive slippage
1 Poor
Maximum negative slippage
19 Good
Average disconnection frequency (times/day)
0.2 Perfect
Average reconnection time (millisecond/per request)
15
Ranking: 46 / 133
Test user 219
Orders 2,748
Ocuppied margin $790,816 USD
Data Source WikiFX Data provide
Updated: 2024-07-16 01:00:00

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XS · Company Summary

Broker Name XS
Registered Country Seychelles
Founded Year 1-2 years
Company Name XS Ltd
Regulation Regulated in Seychelles
Minimum Deposit US $200 (or equivalent denomination)
Maximum Leverage Up to 1:500
Spreads From 0.0 pips
Trading Platforms MT4, MT5, XS Web Trader, XS Trader Mobile App
Tradable Assets Currencies, Shares, Indices, Metals, Energy, Commodities, Crypto
Account Types ELITE (RAW), STANDARD, CLASSIC, PLUS
Customer Support 24/7 support via call back, live chat, email, social media
Payment Methods Bank transfers, Visa & MasterCard, Skrill, Neteller, Klarna, Giropay
Educational Tools Not specified

What is XS?

XS is a multi-licensed financial services provider headquartered in Seychelles, operating under differing regulatory oversight depending on jurisdiction. In Seychelles, XS LTD holds a Retail Forex License from the Financial Services Authority. For Australian clients, XS PRIME LTD falls under the Australia Securities & Investment Commission's purview. However, XS Markets Ltd, licensed in Cyprus, has raised regulatory “Suspicious Clone” flags.

XS offers varrious popular tradable instruments spanning forex currency pairs, equities, indices, precious metals, energies, agricultural commodities, and cryptocurrencies. Clients can select from account types like ELITE (RAW), STANDARD, CLASSIC, and PLUS - each tailored with specific spreads, commissions, leverage, and order capabilities.

The trading platforms supported include the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their user-friendly design and robust technical analysis tools. XS also provides a web-based platform and mobile app for on-the-go trading access.

basic-info

Pros and Cons

On the bright side, the broker operates under regulatory oversight in Seychelles, Australia, and Cyprus, offering traders a level of regulatory assurance. The platform boasts a diverse selection of currency pairs for trading and provides traders with multiple account options. Leverage reaches up to 1:500, enhancing potential returns but with a risk of magnified losses. While XS offers spreads from 0.0 pips, the impact of spreads and commissions on trading costs should be acknowledged. The minimum deposit requirement stands at $200, potentially affecting accessibility for some traders. XS extends various deposit and withdrawal methods, although processing times and fees should be taken into account. The broker supports trading across multiple platforms, including MT4, MT5, Web Trader, and a mobile app. Additionally, XS ensures 24/7 customer support, but no explicit mention of educational resources is provided.

Pros Cons
  • Regulated in Seychelles, Australia, Cyprus
  • Varies in different jurisdictions, offshore regulation
  • Wide range of currency pairs
  • Potential risk in trading various instruments
  • Multiple account options
  • Spreads and commissions vary
  • High leverage for diverse instruments, up to 1:500
  • Higher leverage can amplify losses
  • Low spreads from 0.0 pips
  • Spreads and commissions impact trading costs
  • Minimum deposit of $200 across methods
  • Deposit requirements may be a barrier for some
  • Multiple deposit and withdrawal options
  • Withdrawal processing times and fees
  • MT4, MT5, Web Trader, Mobile App
  • Learning curve for new platforms
  • 24/7 customer support
  • No educational resources mentioned

Is XS Legit?

The regulatory status of XS appears to vary across different jurisdictions. In Seychelles, XS LTD operates under a Retail Forex License regulated by the Seychelles Financial Services Authority with license number SD089. However, it's important to note that this falls under offshore regulation. In Australia, XS PRIME LTD holds an Investment Advisory License overseen by the Australia Securities & Investment Commission with license number 374409. On the other hand, in Cyprus, XS Markets Ltd is licensed by the Cyprus Securities and Exchange Commission with license number 412/22, although it is flagged as a “Suspicious Clone.” Traders should exercise caution and be aware of the associated risks when dealing with brokers under these regulations.

regulation
regulation
regulation

Market Instruments

  • Currencies: XS offers a range of currency pairs for trading, including major pairs like EUR/USD, GBP/USD, and USD/JPY, as well as minor and exotic pairs like AUD/CAD and USD/SGD.

  • Shares: XS provides access to trading shares of various companies from around the world. Examples include Apple Inc. (AAPL), Microsoft Corporation (MSFT), and Amazon.com Inc. (AMZN).

  • Indices: The platform allows trading on a variety of global stock market indices such as the S&P 500, Dow Jones Industrial Average, and FTSE 100.

  • Metals: Trading opportunities in precious metals like gold and silver are available, providing exposure to fluctuations in their market prices.

  • Energy: XS offers trading options in energy commodities like crude oil and natural gas, enabling participation in the price movements of these resources.

  • Commodities: Apart from metals and energy, XS extends its offerings to other commodities like agricultural products, including wheat, corn, and soybeans.

  • Crypto: The platform includes a selection of cryptocurrencies for trading, such as Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), allowing investors to speculate on the value of these digital assets.

market-instruments
Pros Cons
  • Vast currency pairs for trading
  • Different instruments carry varying risks
  • Access to shares of various global companies
  • Potential volatility in stock market indices
  • Opportunity to trade in precious metals and energy
  • Fluctuations in commodity prices
  • Exposure to a variety of cryptocurrencies
  • Cryptocurrency market volatility

Account Types

Preferred Account Types:

Cent Account: This MT5-based account provides access to currencies and metals with an average EUR/USD spread of 1.1 pips and no commissions.

Micro Account: Designed for MT5 users, this account focuses on currencies, metals, energies, and indices with an average EUR/USD spread of 1.1 pips and no commissions.

Standard Account: Available on both MT4 and MT5, this account offers a wide range of instruments including currencies, metals, cryptocurrencies, energies, indices, futures, and shares. The average EUR/USD spread is 1.1 pips with no commissions.

Preferred Account Types:

Professional Account Types:

Elite Account: Traders can access currencies, metals, cryptocurrencies, energies, indices, and futures on MT4 or MT5. This account features tight average EUR/USD spreads of 0.1 pips, but with a $3 commission per side.

Pro Account: This MT4 and MT5 account provides a comprehensive offering of currencies, metals, cryptocurrencies, energies, indices, futures, and shares. The average EUR/USD spread is 0.7 pips with no commissions.

VIP Account: Exclusive to the MT5 platform, this account offers a diverse range of instruments with an average EUR/USD spread of 0.1 pips and commissions.

Professional Account Types:

Partner Special Account Types:

Extra Account: Available on MT4 and MT5, this account gives access to currencies, metals, cryptocurrencies, energies, indices, and futures with an average EUR/USD spread of 2.1 pips and no commissions.

Classic Account: Designed for MT4 and MT5 users, this account offers currencies, metals, cryptocurrencies, energies, indices, and futures with an average EUR/USD spread of 1.6 pips and no commissions.

Partner Special Account Types:

Pros and Cons

Pros Cons
  • Low spreads
  • Stop-out level set at 20%, increasing risk of margin calls
  • Diverse trading styles accommodated
  • Spreads vary among account types
  • No commission charges
  • No demo account mentioned

How to Open an Account?

To open an account with XS, follow these steps:

  1. Click on the “JOIN XS NOW” button on the registration page.

    open-account
  2. Provide your registration details:

    1. Title (e.g., Mr., Mrs., etc.)

    2. First name (using Latin characters, spaces, and dashes)

    3. Last name (using Latin characters, spaces, and dashes)

    4. Country / Region of residence

    5. Phone number (numbers only)

    6. Email address

  3. Select your preferred language.

  4. Create a password and repeat it for confirmation.

  5. Confirm your agreement to the terms and policies:

    1. Confirm that you have read, understood, and agree with the Privacy Policy, Client Services Agreement, Risk Disclosure, Order Execution Policy, Complaint Policy, and Conflicts of Interest Policy.

    2. Declare that you are neither a citizen nor a resident of the United States for tax purposes.

open-account

Leverage

XS offers leverages and commissions for diverse instruments: major, minor, and exotic FX pairs boast a leverage of 1:500; metals include 1:200 for gold, 1:100 for silver, and 1:50 for platinum and palladium. Energy instruments feature a leverage of 1:100, major indices offer 1:100, minor indices provide 1:50, commodities utilize 1:50, shares employ 1:50, and cryptocurrencies operate at 1:20 leverage.

leverage

Spreads & Commissions

XS provides multiple account types with specific spreads and commissions. The ELITE (RAW) Account features spreads from 0.0 pips with a $6 per lot commission, while the STANDARD Account offers spreads from 0.9 pips with no commission, the CLASSIC Account presents spreads starting at 1.4 pips without commission, and the PLUS Account provides spreads from 1.9 pips with no commission.

Minimum Deposit

The minimum deposit amount across various payment methods supported in all countries is US $200 (or equivalent denomination).

Deposit & Withdrawal

Deposits: XS offers multiple deposit options with varying minimum and maximum deposit amounts. Bank transfers require a minimum deposit of $200 with unlimited maximum, processing in 1-7 working days for EUR and USD. Visa & MasterCard deposits have a $50 minimum and $5,000 maximum, processing instantly for EUR and USD. Skrill and Neteller deposits, both with a $15 minimum, allow up to $15,000 or equivalent and process instantly for EUR and USD. Klarna deposits, also starting at $15, can go up to $5,000, processing within 1 business day for EUR, GBP, PLN, and CZK. Giropay deposits, starting at $15, are limited to $5,000, processing in up to 1 business day for EUR.

Withdrawals: For withdrawals, bank transfers require a minimum of $200 and have unlimited maximum withdrawals, processing in 1 business day for EUR, USD, and GBP. Visa & MasterCard withdrawals have a $50 minimum and a maximum of $5,000, processing instantly for the same currencies. Skrill withdrawals start at $50 and go up to $50,000 or equivalent, processing in 1 business day for EUR, USD, and GBP. Neteller withdrawals require a minimum of $50 and have a maximum of $2,500 or equivalent, processing instantly for EUR, USD, and GBP.

Deposit & Withdrawal
Pros Cons
  • Multiple deposit options with varying minimums and maximums, catering to different traders' needs
  • Withdrawal processing times may vary
  • Instant processing for certain deposit methods, allowing quick access to funds
  • Withdrawal limits for some methods may restrict larger withdrawals
  • Variety of withdrawal options and currencies, accommodating diverse preferences
  • Some withdrawal methods have relatively high minimum requirements

Trading PlatformsMetatrader 4 (MT4) Platform: XS offers the popular Metatrader 4 (MT4) platform, known for its user-friendly interface and automated trading features. With a wide range of technical indicators and trading tools, MT4 supports market analysis and trade execution. Traders can access real-time quotes, employ one-click trading, and build custom indicators and automated strategies. The platform's versatility and convenience make it suitable for traders of varying experience levels.

Metatrader 5 (MT5) Platform: XS introduces the MetaTrader 5 (MT5) platform, an advanced version of its predecessor with improved features. MT5 provides an expanded set of tools for technical analysis, including 90 indicators and charting options. Traders can place one-click trades, access embedded news, and utilize six types of pending orders. The platform's support for hedging positions, a diverse range of timeframes, and a VPS service enhances its versatility and utility for traders.

XS Web Trader Platform: The XS Web Trader platform offers clients a web-based trading solution accessible from any operating system. This platform eliminates the need for downloads and installations, allowing traders to access their accounts conveniently from web browsers. With real-time quotes, multiple chart types, and timeframes, XS Web Trader offers a reliable and user-friendly trading experience. Its compatibility across devices ensures traders can manage their activities seamlessly.

XS Trader Mobile App: XS provides traders with the XS Trader Mobile App for on-the-go trading. This mobile app allows users to access their accounts and trade from anywhere using advanced mobile technology. Traders can execute trades, manage accounts, and customize settings on the move. The app offers a range of features including reliable deposit and withdrawal methods, advanced charts, and multiple chart types and timeframes, making it a comprehensive solution for mobile trading.

trading-platform

PAMM Soultion

XS provides clients with advanced Percentage Allocation Money Management (PAMM) solutions, a powerful tool for diversifying portfolios. Their PAMM system integrates with the MetaTrader 5 platform, allowing you to either invest in accounts managed by experienced traders or take the helm yourself as a money manager.

PAMM Soultion

Pros Cons
  • MT4 offers user-friendly interface and automated features
  • Learning curve for new platforms
  • MT5 provides advanced tools for technical analysis
  • No explicit mention of educational resources
  • XS Web Trader offers convenience and accessibility
  • Platform stability not directly addressed
  • XS Trader Mobile App enables on-the-go trading with advanced features

Customer Support

XS provides around-the-clock customer support through various contact options. Clients can access assistance through a call back request form, live chat via the XS online trading platform, or by requesting a call back. For email inquiries, support is available at support@xs.com. Additionally, XS maintains a presence on Twitter, Instagram, and Facebook for additional communication channels.

customer-support

Conclusion

XS presents a mixed picture in terms of its advantages and disadvantages. On the positive side, the platform offers a diverse range of market instruments, including currency pairs, shares, indices, metals, energy, commodities, and cryptocurrencies. It provides multiple account types catering to different trading styles and asset classes, accompanied by variable leverages and commissions. The inclusion of popular trading platforms like Metatrader 4 (MT4) and Metatrader 5 (MT5), along with web-based and mobile trading options, ensures accessibility and convenience for traders. The platform's customer support operates 24/7 through various contact channels. However, the regulatory status of XS varies across jurisdictions, raising concerns about offshore regulations and “Suspicious Clone” flags. Additionally, while the platform offers a comprehensive range of features, traders need to exercise caution due to the associated risks involved in dealing with brokers under these regulations.

FAQs

How are my deposits kept secure, and where are they held?

Client funds are held in segregated accounts, following the guidance of regulators.

What's the margin calculation for CFDs?

The margin for CFDs is calculated as Lots * Contract Size * Opening Price * Margin Percentage.

What's the typical time for receiving a bank wire transfer?

Bank wire transfer times vary by country and may take 3 to 5 working days in some cases.

IS XS a good broker for beginners?

XS does not seem like a good choice for beginners, as it does not provide demo accounts and requires a high minimum deposit of $200.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

News

XS.com Acquires Ubutyebi Financial in South Africa

NewsXS.com Acquires Ubutyebi Financial in South Africa

2024-02-22 15:23

XS.com acquires Ubutyebi Financial Services, establishing "XS ZA" in South Africa for broader African expansion, offering diverse asset classes to clients.

WikiFX
2024-02-22 15:23
News
XS.com Acquires Ubutyebi Financial in South Africa
XS.com Expands into South Africa with Ubutyebi Acquisition

NewsXS.com Expands into South Africa with Ubutyebi Acquisition

2024-02-21 16:28

XS.com acquires Ubutyebi to launch XS ZA in South Africa, expanding into Africa with a wide range of financial products and targeting growth across the continent.

WikiFX
2024-02-21 16:28
News
XS.com Expands into South Africa with Ubutyebi Acquisition
Mohamad Ibrahim, CEO of XS.com, Stops Salary Payments to Asian Staff

ExposureMohamad Ibrahim, CEO of XS.com, Stops Salary Payments to Asian Staff

2023-11-21 15:42

An investigation for the allegations against XS.com's CEO, Mohamad Ibrahim, for halting salary payments to Asian and African employees. It details Ibrahim's professional background, employee grievances, and the company's controversial responses, exploring the impact on XS.com's reputation and the wider fintech industry. The report emphasizes the importance of ethical leadership and corporate accountability.

WikiFX
2023-11-21 15:42
Exposure
Mohamad Ibrahim, CEO of XS.com, Stops Salary Payments to Asian Staff

User Reviews

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11

Comments

Write a review

Maverick Lu
more than one year
trading so amazing and excited with XS, everything is available and so easy to use the tools on chart. I wish also withdraw processing is fast also.
2024-04-28 15:45
Reply
0
0
Dingdongo
more than one year
I've had some experience with XS, and let me tell you what I've found: they provide a whopping 1:500 leverage, which can really up your game, and the spreads start from an enticing 0.0 pips. It's a game-changer for anyone looking to make the most out of their trades.
2023-12-13 00:45
Reply
0
0
陈业
6-12months
I recently used EA in xs. The platform is very stable and has high liquidity. It can also be used for high-frequency trading.
2023-10-26 16:42
Reply
0
0
陈业
6-12months
I have been using XS since February this year. It is a very good platform. Mainly, deposits and withdrawals are fast, and transaction costs are low. It is worth recommending.
2023-09-11 09:44
Reply
0
0
Henrik Solheim
6-12months
I wish I make my first profit with my lovely xs as soon as possible...
2023-08-13 03:07
Reply
0
0
Axel Freixa
6-12months
I did not expect that I would be that impressed by xs. I decided, to try it because I saw that it is very easy to tune the trading spreads there. A lot of brokers, do not give their traders the ability to choose how they want trading commissions to be in general. That made my trading very very easy and the support also helped me to choose the best variant and they were very kind to me. If I see some tutorials, for traders, who do not understand what to do I will just be happy. But for me, xs is simply the main choice of trading platform.
2023-08-06 16:08
Reply
0
0
JoseXirau
6-12months
I feel like i am in luck to be able to trade so many asset classes through a single account on my phone, i feel like i am one of those fund managers in the movie big short, but i am technologically way more advanced than them 😁😁
2023-07-29 16:15
Reply
0
0
外汇小小白
more than one year
The level of supervision does not seem to be high. Where is Seychelles? Is it a tourist country?
2023-06-26 09:38
Reply
0
0
老羊
more than one year
This dealer has chaotic supervision and is suspected of playing cards, so it's better not to do it here.
2023-06-26 09:37
Reply
0
0
哎呦不错
more than one year
The Tianyan score on this platform is only five points, why don’t I open an account on a platform with eight or nine points?
2023-06-25 14:20
Reply
0
0
FX1475622706
more than one year
XS is a good brokerage and I have been trading here for a while. Their trading platform is easy to use and offers a wealth of tools and resources that can help me make better decisions. The customer service is also very professional, and every time I have a question, I will get a prompt answer. Deposits and withdrawals are also very convenient, I have a very pleasant transaction here, highly recommended!
2023-03-31 15:18
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0
0
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