Navigating the complicated world of Internet trading might be intimidating. And, selecting the best in a market of brokers and platforms demands careful thought and thorough research. The popularity of XS.COM, a multi-asset broker established in 2010 in Australia, has grown among traders looking for a dependable and varied trading environment. In the realm of internet trade, XS.COM is a rising force with licenses in several jurisdictions and a full range of services. Before you go into the trading world, read this in-depth review to discover everything XS.COM has to offer.
XS.com Regulation and Licensing
XS.com strictly complies with regulations from various jurisdictions. The broker has licenses from notable regulatory agencies, including:
- FSA, Seychelles: Registered with company number (8428765-1) and license number: (SD089).
- ASIC, Australia: Registered with company number (141 194 934) and license number: (374409).
- CySEC, Cyprus: Registered with company number (HE 386563) and license number (412/22).
Safety Measures at XS.COM
XS.COM considers maintaining a safe trading environment to be of utmost significance. The platform employs several security features, such as strict adherence to legislation, insurance coverage up to USD 5,000,000 insured by Lloyd’s of London, and client accounts segregated in respectable financial institutions across the globe.
In order to ensure GDPR compliance, XS.COM also prioritizes data security and uses sophisticated encryption, strict verification processes, and frequent external audits.
What You Can Trade on XS.com
The platform guarantees a diversified trading portfolio by providing a wide range of tradable assets, including shares, indices, metals, commodities, cryptocurrencies, currency, and energy.
Furthermore, XS.COM offers global flexibility and convenience for traders by facilitating funding through many means like Visa, Mastercard, Swift, Skrill, Bank Wire, Neteller, and Sticpay.
Multilingual Support and Website
The platform offers multilingual customer support catering to English, French, Spanish, Arabic, Traditional Chinese, Simplified Chinese, Thai, Vietnamese, Portuguese, Japanese, and Korean speakers.
Deposit and Withdrawal Options
The platform offers a variety of options, including bank transfers, credit/debit cards, and well-known e-wallets, to provide a seamless and safe deposit and withdrawal process. The user-friendly method makes fast fund crediting into trading accounts possible, which encourages hassle-free trading experiences.
Account Types
XS.COM offers a variety of account types to accommodate different trading styles and levels of experience. The three preferred account types—Cent, Standard, and Micro—support a variety of instruments and offer access to several platforms.
With their varied spreads and commission schedules, the Elite, Pro, and VIP Professional Account Types are designed to appeal to experienced traders. With varying spread averages and available instruments, the Partners Special Account Types—Classic and Extra—serve partnered traders.
XS.com Platforms
The multi-asset broker offers smooth trading experiences through two different platforms, MetaTrader 4 and MetaTrader 5, each designed to accommodate different trader preferences.
MetaTrader 4 (MT4)
Known for its intuitive UI and adaptable layouts, MetaTrader 4 offers advanced charting capabilities with a variety of timeframes and technical indicators. With the use of Expert Advisors (EAs), the platform enables automated trading.
This allows for one-click trade execution, real-time market quotes, and a variety of order types for more flexibility.
MetaTrader 5 (MT5)
However, MetaTrader 5 is unique in that it offers traders transparent insights into market depth with its incorporated Depth of Market (DOM) function, extensive technical analysis indicators, and sophisticated charting capabilities.
It also has an integrated economic calendar for effective event tracking. MT5, which caters to traders seeking a variety of functionality, guarantees superior trading conditions with comprehensive tools like market depth, time, and sales information. It also offers hedging capabilities and experienced advisors for automated trading.
XS.com’s Institutional Solutions
Beyond catering to individual traders, XS.COM extends institutional solutions, offering access to institutional liquidity and cutting-edge trading technology. The platform’s offerings include:
- liquidity solutions
- consultancy services
- white-label solutions
- tailored services
XS.com Pros and Cons
Pros:
- Streamlined Registration Process: Simplified and quick registration expedites the onboarding process.
- Global Compliance: Complies with multiple regulations, ensuring a secure trading environment.
- Efficient Funding Methods: Offers fast and reliable funding options for smooth transactions.
- Diverse Asset Classes: Access to numerous asset classes within a single account, enabling portfolio diversification.
- Multilingual Customer Support: Premium multilingual support assists traders with preferred languages.
- High-Speed Trade Execution: Ensures prompt and fair trade execution for an optimal trading experience.
Cons:
Potential Overwhelm for Novice Traders: The extensive features might initially feel overwhelming for new traders.
XS.COM 2023 in Review: Events, Awards, and Sponsorships
Throughout the year, XS.COM actively participated in events and seminars across various locations, earning recognition and awards. Some of these awards are:
- GLOBAL BROKER OF THE YEAR – The Traders Fair & Award, Vietnam, December 2023.
- BEST MULTI-ASSET BROKER ASIA – The Traders Fair & Award, Vietnam, December 2023.
- BEST GLOBAL MARKET LEADER -The Dubai Forex Expo HQMENA, September 2023.
- TOP TRUSTED FINANCIAL BROKER -Middle East Awards Ceremony Smart Vision, September 2023.
- BEST MULTI-ASSET BROKER -Jordan Financial Expo & Award JFEX Afaq Group, September 2023.
Notably, XS.COM’s CEO, Mohamad Ibrahim, also received multiple awards, while the platform sponsored prestigious tennis tournaments like the French Open and Wimbledon, signaling its commitment to excellence and global sports partnerships.
In Conclusion
Emerging as a major force in the financial services sector, XS.COM offers institutional solutions, a wide variety of account types, and strict security protocols. The platform’s focus on worldwide relationships, innovation, and excellence highlights its dependability and commitment to empowering traders in the ever-changing realm of online trading. This XS.com review investigated the platform’s most prominent feature making it one of the best CFD brokers. So, if you’re looking to get into CFD trading, you might want to seriously consider having this multi-asset broker on your side.
