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.
Pros and Cons
Is XS Legit?
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.
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.
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.
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.
How to Open an Account?
To open an account with XS, follow these steps:
- Click on the “JOIN XS NOW” button on the registration page.
- Provide your registration details:
- Title (e.g., Mr., Mrs., etc.)
- First name (using Latin characters, spaces, and dashes)
- Last name (using Latin characters, spaces, and dashes)
- Country / Region of residence
- Phone number (numbers only)
- Email address
- Select your preferred language.
- Create a password and repeat it for confirmation.
- Confirm your agreement to the terms and policies:
- 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.
- Declare that you are neither a citizen nor a resident of the United States for tax purposes.
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.
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.
Trading Platforms
Metatrader 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.
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.
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.
DANIEL6448
Brazil
I made 1400 usd in profit and when I asked for a withdrawal I received an email from the management team saying that I had committed abuse in the negotiations, and they threatened to debit 5% of the money I deposited, and withdraw the profits. I sent my source code for analysis, but so far it has not been resolved and they probably will not pay the profits.
Exposure
03-20
FX1088462982
United Arab Emirates
I opened an MT5 account (1131884) with XS on Dec6, 2024 depositing $38,000. After Donald Trump’s election on December 5, I anticipated a rise in U.S. equity markets and gold prices, resulting in profits of USD 127,888. On January 23, 2025, XS terminated my account, citing "abuse of trading conditions" and a "swap arbitrage strategy." My subsequent withdrawal requests from January 22-24 were declined. Despite my complaint, XS sent a final email on February 10, 2025, reversing my profits and permitting only an $18,000 withdrawal from my original deposit. I firmly contest their claim: 1. My account had no future contracts; thus, no swap arbitrage was possible. 2. My profits stemmed from investment strategies, not from any form of abuse. 3. If I had suffered losses, would XS refund them citing the same reason? Their issues arise from profitable traders and their B-booking model. 4. I have accounts with other brokers where I've pursued similar investments without issue. Stay away from XS
Exposure
02-15
FX1899756313
Brazil
Hello, I have a balance in my account of over 24 thousand dollars and the broker does not allow me to make withdrawals. They have requested several documents and all have been sent. Now they ask me to wait for an analysis, but this analysis has been going on for more than 39 days and I have not received any response or update.
Exposure
2024-12-10
M ：
Hong Kong
On August 20th, the platform forcefully closed my positions under normal circumstances. At that time, I was holding about 0.5 lots of Bitcoin, 0.1 lot of gold, and 0.1 lot of crude oil. After the abnormal liquidation of orders by the platform, I contacted them, but they did not respond for several days. Later, they admitted it was a system issue but refused to offer compensation or resolve the problem.
Exposure
2024-08-28
Dingdongo
Argentina
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.
Neutral
2023-12-13
Maverick Lu
Malaysia
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.
Positive
2024-04-28
陈业
Malaysia
I recently used EA in xs. The platform is very stable and has high liquidity. It can also be used for high-frequency trading.
Positive
2023-10-26
陈业
Malaysia
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.
Positive
2023-09-11
Henrik Solheim
Norway
I wish I make my first profit with my lovely xs as soon as possible...
Positive
2023-08-13
Axel Freixa
Mexico
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.
Positive
2023-08-07
JoseXirau
Colombia
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 😁😁
Positive
2023-07-29
FX1475622706
Morocco
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!
Positive
2023-03-31