XS.com Review 2024: Fees, Platforms, Apps, Safety, Pros & Cons

XS.com is a multi-regulated and multi-asset CFD broker with offices in different locations around the globe. This comprehensive XS.com review will examine the platform’s key metrics, including leverages, spreads, regulations, verification procedures, safety measures, account types, fees and commissions, available platforms, and trading apps.

Regulated By

ASIC, CYSEC, FSCA & FSA

Used By

1,000,000+ Users

Established in

2010

Visit Broker

74% of retail traders lose money.

Spreads From

EURUSD 1.1 pips

What Can You Trade on XS.com?

  • Stocks
  • ETFs
  • Forex
  • Commodities
  • Indices
  • Crypto

XS.com Platforms

MT4MT5

XS.com Funding Methods

SkrillVisaWire TransferMaster CardNeteller

XS.com Review 2024: Fees, Platforms, Apps, Safety, Pros & Cons

XS.com is a multi-regulated and multi-asset CFD broker with offices in different locations around the globe. This comprehensive XS.com review will examine the platform’s key metrics, including leverages, spreads, regulations, verification procedures, safety measures, account types, fees and commissions, available platforms, and trading apps.

  • author Eric Gift
  • Last updated 12/04/2024

74% of retail traders lose money.

Regulated By

ASIC, CYSEC, FSCA & FSA

Used By

1,000,000+ Users

Established in

2010

Spreads From

EURUSD 89 Points

Platforms

MT4MT5

What Can You Trade?

  • Stocks
  • ETFs
  • Forex
  • Commodities
  • Indices
  • Crypto

Funding Methods

SkrillVisaWire TransferMaster CardNeteller
eToro Logo

Online Trading With Commission from $0

Assets: Stocks, Indices, Forex, Commodities, Cryptocurrencies & ETFs
CFD: YES
Min Deposit: $10
Visit eToro

78% of retail investors' accounts lose money.

Summary

XS.com is a multinational CFD broker founded in Australia in 2010. The platform has offices in Australia, Cyprus, and the Seychelles, where it is regulated by ASIC, CySEC, and the FSA, respectively. Its portfolio of trading instruments includes up to 80+ forex, 20+ commodities, 30+ cryptocurrencies, 1000+ international stocks, 25+ futures and 15+ index CFDs. 

Traders can use the broker on PC or mobile through its third-party trading platforms and its variety of trading account types. In this XS.com review, we will first overview the broker’s pros and cons, then talk about its available assets. We will also cover the fees, account types, customer service, safety measures, and apps. We will then consider user sentiment from a number of sites. 

The homepage of XS.com

Pros

  • Multiple Trading Instruments 
  • Good Regulatory Oversight
  • Negative Balance Protection
  • Multiple Payment Options

Cons

  • Not open for US clients. 
  • Limited Research and Education
  • Unresponsive Live Chat Feature

Available Assets at XS.com

XS.com offers a considerably large portfolio of trading instruments, numbering about 1100+ assets altogether. These include 30+ cryptos, 1,000+ stock CFDs, 20+ commodities, 25+ futures and 15+ index CFDs, as well as 80+ forex pairs. These are tradable at fixed and dynamic leverages, which we will also talk about shortly. 

XS.com available assets

Stocks

The broker offers share CFDs in its most sizable asset portfolio of 1,000+ instruments. These are tradable at spreads from 0.1 pips and leverage up to 1:50. Moreover, the shares derive from a range of global markets, including major ones like Hong Kong, Germany, France, the US, and the UK. We will explore the share CFD trading in more depth in the next XS.com review section. 

XS.com Stocks

Indices

XS.com also offers a portfolio of about 15+ index CFDs that you can trade. These offer another way to engage with the stock market through indices. The DAX 40, which tracks up to 40 of the largest companies on the Frankfurt exchange, is an example of such indices on the platform. The major indices are tradable at a leverage of up to 1:100, and the minor ones up to 1:50. 

XS.com Indices

Forex

Clients on XS.com can also access the world’s largest market through a portfolio of up to 80+ forex currency pairs, including the majors, minors, and exotics. You can trade these pairs with tight spreads and at favorable leverages up to 1:500. However, there are caveats for some FX pairs: CHF, DKK, and CZK pairs have max leverage of up to 1:200, CNH, TRY, BRL & MXN pairs max up at 1:100, and any RUB pairs can go no higher than 1:20.

XS.com Forex pairs

Commodities

XS.com commodity CFDs are another way to invest, with access to a portfolio of about 20+ commodities, including precious metals, energy resources, and cash crops. The precious metals offer the highest leverage, up to 1:200, for gold, while the energy and cash crop commodities have leverages of up to 1:100 and 1:50, respectively. 

XS.com Commodities

Cryptocurrencies

Crypto CFDs are another high-volatility type of investment on the platform, which allows you to trade about 30+ cryptocurrency-against-dollar CFDs. These include pairings with major coins like Bitcoin, Ethereum, and Ripple. The maximum leverage for any of the coin-dollar pairs is up to 1:20.

XS.com Cryptocurrencies

Stocks Trading at XS.com

For starters, XS.com appears to be a CFD-only broker, so you won’t be able to trade real shares on its platform. However, the portfolio of share CFDs is very robust, with about 1,000+ instruments to trade. While the spreads generally start from as low as 0.1 pips, different account types come with higher spreads to handle. We will discuss these in the account section of this XS.com review; for now, we will focus on other aspects of the share CFD trading. 

Stock Trading at XS.com

Available Stock Exchanges at XS.com

The large share CFD portfolio of the platform contains major and minor shares from a host of corporations around the globe. These are some of the most popular national stock markets they obtain from. 

Countries

Major Stock Exchanges

BelgiumBrussels Stock Exchange
FranceParis Stock Exchange
GermanyFrankfurt Stock Exchange
NetherlandsAmsterdam Stock Exchange
EuroNext Amsterdam
SpainBarcelona Stock Exchange
Bilbao Stock Exchange
Madrid Stock Exchange
SwitzerlandSIX Swiss Exchange
UK London Stock Exchange
USANew York Stock Exchange (NYSE) 
National Association of Securities Dealers Automated Quotations (NASDAQ)
SwedenNASDAQ Stockholm
AustriaVienna Stock Exchange
GreeceAthens Stock Exchange
NorwayOslo Stock Exchange
FinlandNASDAQ Helsinki
China Shanghai Stock Exchange
JapanTokyo Stock Exchange
PortugalEuroNext Lisbon
BrazilB3 (Brazil) Stock Exchange
CanadaCanadian National Stock Exchange
TSX Alpha
Montreal Stock Exchange
ItalyMilan Stock Exchange
Hong KongHong Kong Exchanges and Clearing Limited (HKEx)

Stock Trading Fees & Commission at XS.com

Where fees are concerned, XS.com is a pretty favorable broker, as it charges no hidden fees. The only charges are the spreads and trading commissions. Trading stock CFDs is commission-free for all account types except the Raw account, which charges $6 per lot on all trades. The spreads are charged at various minimums depending on the account type. For instance, while Elite account spreads begin from 0.1 pips, Standard accounts begin from 1.0 pips. 

Stock Trading Leverage at XS.com

XS.com has a general maximum leverage of 1:500, but its stock CFD leverage limit is up to 1:50. However, you may or may not be able to trade at that level of leverage, depending on what regulatory jurisdiction you are trading from. CySEC and ASIC both have a limit of up to 1:5 for stocks and share CFDs, so you can only access up to that much if you trade in Australia or Cyprus. However, laxer limitations from the FSA mean you can potentially use up to 1:50 in the Seychelles. 

XS.com Regulations

XS.com is a multinational broker with offices in up to three different global locations. Each office has regulatory oversight from a relevant licensing body in the jurisdiction, making the platform credible. This broker’s review section will overview all the office locations, their addresses, and the relevant regulatory agencies. 

XS Prime (Australia) Ltd.: Based in Australia, this office is to be found at its registered address on Level 29 of Grosvenor Place, 225 George Street, Sydney, NSW 2000. It is under the regulatory oversight of the Australian Securities and Investment Commission (ASIC). 

  • License Number: 374409

XS (Seychelles) Ltd: This is the Seychelles regional office of the platform, and its registered address is on the 1st floor of Eden Plaza, F20,  Eden Island, Victoria. The body regulating and licensing this entity is the Seychelles Financial Services Authority (FSA). 

  • License Number: SD089

XS Markets (Cyprus) Ltd: This is one of the platform’s two Cyprus branches, with its registered office in Limassol, at Agiou Andreou, 365, Efstathiou Court, 2nd Floor, Office 201, 3035. The Cyprus Securities and Exchange Commission (CYSEC) provides its licensing and regulatory oversight. 

  • License Number: 412/22 

XS Fintech Ltd: This is the other Cyprus office of the broker. This branch shares the same registered office address and regulatory oversight as XS Markets. 

  • Registration Number: HE 426566 

XS.com Fees and Commissions

When it comes to fees, XS.com is potentially the cheapest platform we have examined. It levies no hidden charges and prides itself on full transparency about the few fees it does require you to pay. 

In any case, there are two main types of fees on the platform: trading and non-trading fees. This section of our XS.com review will examine the platform’s fees and commissions under these two types.

Fees and Commission on XS.com

Trading Fees

This subset of the fees contains all fees and commissions charged for trading activities, especially those charged per trade. These include trading commissions, spreads, rollover rates, financing rates, and, on some platforms, guaranteed stop premiums. The only trading fees charged by XS.com are the trading commissions and spreads, which we will now discuss. 

Spreads

Defined as the difference between the buying and selling price of a given asset, the spread is one of the most ubiquitous charges on online trading platforms. XS.com offers variable spreads for its tradable instruments on MT4 and MT5, and it offers tight spreads on its platforms through the Raw and Standard accounts. The minimum also depends on what account type you are operating, with spreads from 1.1 pips on Standard accounts, 1.6 pips on the Classic account, and 2.1 pips on the Extra account. 

Commissions

Trading commissions are almost nonexistent on XS.com, as the platform only charges those for Elite accounts. Trading on a Standard, Plus, or Classic account is generally commission-free. The commission for Elite account traders is $6 per lot.

Non-Trading Fees

Non-trading fees are charges like inactivity or dormancy fees, administrative fees, withdrawal/deposit charges, etc. These are not charged per trade, and they have to do with activities that are not grouped as trading activities, as well as the maintenance and provision of some vital services for your account. XS.com charges none of these. 

Account Types at XS.com

XS.com offers a pretty neat selection of different account types you can choose from depending on how you want to trade. In addition to a demo account, there are the Standard, Cent, Micro, Elite, Pro, VIP, Classic, and Extra accounts, each offering its own advantages and limitations. We will explore these options in this section of our review. 

Account Types on XS.com

Demo Account

XS.com clients can enjoy free demo accounts for practice trading through MT4 and MT5. This demo account comes with up to $100,000 dollars, a replica of the live market, and access to all the standard MT4 or MT5 tools for trading. Altogether,  they enable you to simulate live trading, practice and perfect your strategy, and improve your trading skills without risking real capital.

Standard Account

The Standard account on the platform is the option best suited for new traders, especially those fresh out of demo college. Available on both MT4 and MT5, it comes with no commission charges and no starting deposit. The average spread begins from 1.1 pips, all trade styles are allowed, and all asset classes are available. It also offers leverage up to 1:500 and allows trading in micro lots. 

Cent Account

XS.com’s Cent account is the only type that offers cent lots, and it is available only on MT5. It offers stable and low spreads from 1.1 pips, with no trading commissions, as well as fast and reliable market execution. Perhaps due to the nature of the account, the only assets it offers are metals and currency pairs. The account has no minimum deposit requirements, and neither does it have a demo version. The base currency of the account is USD.  

Micro Account

This account type is the only one that offers micro lots, with a minimum volume of 0.1 Lot and a maximum daytime order volume of 500. Similar to the Cent account, it offers low spreads from 1.1 pips with no trading commissions, and its trading assets are limited to currency pairs and metals. 

Elite Account

This is the next most advanced account type, with the lowest minimum spreads on the platform (from 0.1 pips). It offers pretty much all the same other features as the Standard account (and other options), including no starting deposit requirements and a maximum leverage of 1:500. However, it is the only account type to charge a commission fee ($6 per lot).

Pro Account

XS.com’s pro account is available on both MT4 and MT5, and it offers access to more than 7 trading instruments – essentially all the assets available on the platform. Like the Cent and Micro accounts, it offers fast and reliable market execution (with no requotes) and charges no commissions. However, it also offers lower and tighter spreads (from 0.7 pips) with direct market access. 

VIP Account

The VIP account option features the same spreads as the Elite account (from 0.1 pips) in addition to exclusive premium trading conditions. It offers broad access to seven trading instruments and is available on both MT4 and MT5.

Classic Account

More advanced than the Elite account, this option comes with higher spreads from 1.6 pips. Otherwise, it offers pretty much the same features as the other account types, namely the max leverage of 1:500, micro lot availability, and no commissions (unlike the Elite account). It’s also available on MT4 and MT5, and it allows access to all the available trading instruments. 

Extra Account

This is the most advanced account type the platform offers. It is for advanced traders with more trading experience, and it is available on MT4 and MT5. If you trade on this platform, you have to deal with spreads from 2.1 pips. 

XS.com Trading Platforms

XS.com has no proprietary platforms and is only available on the MT4 and MT5 platforms. In this section of the broker’s review, we will examine one relevant platform each for desktop and mobile users, and we will show you how to open an XS.com account and begin trading on the platform.

Trading Platforms on XS.com

XS.com Desktop Trading Platforms

If you would like the desktop option, XS.com offers two options in the third-party MT4 and MT5 platforms. However, we will be discussing the features of the MT5 platform in this section. Specifically, we will be discussing the MT5 web terminal, which requires no downloads. Still, note that MT5 also has a desktop app version in addition to the web terminal. 

XS.com Desktop Trading Platform

Forums

The Forums tab allows you to view forums and trading-related discussion topics from other traders that might be useful to you or just create your own and get responses. 

XS.com Desktop Platform Forum

Signals

From the Signals section, you can access a list of top live traders whose trades you can copy, and you can also create your own signals. 

XS.com Desktop Platform Signals

Freelance

MT5’s Freelance section is the largest freelance service that allows you to speedily, securely, and conveniently order trading robots and technical indicators. 

XS.com Desktop Platform Freelance

Quotes

From the Quotes section, you can preview a grouped and sortable list of all the available trading instruments and their Ask and Bid prices. You can also click on any individual trading instrument to view its data in more detail. 

XS.com Desktop Platform Quotes

New Order

From here, you can set parameters for and place Buy or Sell orders on any asset of your choice while also viewing a comprehensive chart of its trading activity. 

XS.com Desktop Platform New Order

Calendar

The Calendar section provides economic news that might impact the trading activity in various markets as well as 900+ real-time, data-based indexes of some of the largest economies around the globe – an important tool for fundamental analysis. 

XS.com Desktop Platform Calendar

VPS

MT5 allows you to affordably rent its VPS service and manage it directly on the terminal.

XS.com Desktop Platform VPS

How to Open an Account and Trade on XS.com Desktop Platform

You can open your account and start trading on XS.com through a process that’s quite complicated to complete. The process involves opening an account, verifying it, downloading a terminal, and logging in on that. Here is how to open an account on the XS.com Webtrader: 

  1. Start the registration process by clicking on ‘Join XS now’ on the platform’s homepage. You will be shown the registration page, where you can proceed to provide your name, phone number, country of residence, email,  etc. Opening an account on XS.com
  2. You will be sent a confirmation PIN via your email; use that PIN to verify that you have made the registration request.email confirmation on XS.com
  3. Next, you will be taken to the client portal and dashboard, where you can proceed to complete your registration process. The first thing to do is supply some personal information like your date of birth, country of residence, and gender. Personal Information page on XS.com
  4. Next stage, you are to answer some questions relating to your trading experience. This is to enable the broker to determine if you have enough trading experience and knowledge to be allowed near CFDs on the live market. Should it be found you don’t have the necessary experience, you may be directed to try a demo account. Trading experience page on XS.com
  5. On the next page, you are to provide relevant financial information, including your income, net worth, employment status, and source of funds. Click ‘Continue’ to proceed once you are done here. Financial Details page on XS.com
  6. The final stage of your registration will require you to upload one document each for proof of ID and proof of address. ID Verification page on XS.com
  7. Next, you have to open a trading account for MT5. Here is how to do so:
  8. Click on ‘Open live account’ on the dashboard and select MT5 from the available platform options. Platform Selection on XS.com
  1. You will be redirected to download the MT5 desktop app, or you can use the web version. 
  2. Your ID verification should be through by now, upon which you will get a set of live login details for MT5. 
  3. Open the MT5 app or webtrader and find the login section.
  4. Input the login details you received and click the confirm button to enter the live market. 
  5. Find the asset you want from among the Quotes (or use the search bar) and click on it. 
  6. Set your trade parameters as needed (stop loss, take profit, etc.).
  7. Click on ‘Buy’ or ‘Sell’ to place the order. 

XS.com Mobile Apps

XS.com does not have a proprietary mobile app; users who would like to trade on a mobile platform have to rely on the mobile versions of MT4 and MT5. We will discuss the latter and its features in this review section. 

XS.com MT5 app

Quotes

This section of the app displays a quick list of top trading instruments, typically forex pairs, and their trading activity.

XS.com Mobile app quotes

Charting

The charting section displays a customizable chart of a chosen trading instrument. It also contains buttons on the top right side of the screen that you can tap to place an order on the asset. 

Trading chart on XS.com MT5 App

News

The News section of the MT5 contains all the recent updates on a variety of markets, including events that may impact trading activity. 

News page on XS.com MT5 app

Mailbox

The MT5’s mailbox section receives and stores messages and updates about your trading activity as well as risk warnings and new trading signals. 

Mailbox on XS.com MT5 mobile app

How to Open an Account and Trade on the XS.com MT5 Mobile App

Opening an XS.com account and trading on the MT5 mobile platform is pretty straightforward. All you have to do is get on the website and open an account to gain access to the client portal by following the same steps for opening a desktop trading account. Once you have your login details, you can do the following to begin trading. 

  1. Search for MT5 on your app store, download it, and launch it. MT5 on App Store
  2. Tap on the three bars at the top right corner of the screen, and then, tap ‘Manage Accounts.Opening account on XS.com MT5 app
  3. Tap on the large plus sign at the top left corner of the screen. Selecting a trading account on XS.com MT5 App
  4. Copy and paste the XS live access details you were given into the search bar and tap on the result. Searching for server on XS.com MT5 app
  5. Now, find the asset you want to trade by using the Quotes section or the instrument search bar. XS.com MT5 mobile app dashboard
  6. Set your trading parameters, including any stop loss, take profit, or execution type setting you may need to, then press ‘Buy’ or ‘Sell’ to place the order. Order page on XS.com MT5 app

XS.com Payment Methods

Funding options are not exactly legion on XS.com, but there is still a broad enough variety of options to choose from. Altogether, there are 4 methods for making payments on the platform. This section of the review will overview the options for deposits and withdrawals as well as any charges and conditions that may apply. 

XS.com Payment Methods

Deposits

Deposits are pretty seamless on XS.com, as its transactions are handled through some of the best online transaction networks. You can deposit through bank wire transfer or Visa/Mastercard debit cards or credit cards. Alternatively, you can use Neteller and Skrill. There are no deposit fees to worry about, though there are minimum and maximum deposit limits for all. Here are the methods, their processing times, and minimum deposits. 

Deposit MethodSpeedMinimum Deposit
Mastercard (credit and debit)Instant$20
VisaInstant$20
Bank Transfers1-7 Working DaysFrom $200
SkrillInstant$15
NetellerInstant$15

Withdrawals

As is the case with deposits, withdrawals on XS.com are also free of charge, and there are also minimum and maximum withdrawal limits. The minimums are $250 for bank transfer payments, $5 for Visa and Mastercard, $50 for Skrill, and $15 for Neteller. To make withdrawals, you can only choose between Visa/Mastercard, bank wire transfer, Skrill, and Neteller. Withdrawals take anywhere from 1 to 7 business days to complete. Moreover, the accepted currencies for withdrawals are USD, EUR, and GBP.  

Account Base Currency

The base currency is the underlying currency in which all your financial data and information will be rendered on the platform. Normally, trading platforms charge conversion fees when you perform trades in a different currency than your base currency; however, XS.com does not charge conversions. In any case, the accepted base currencies on the platform are EUR, USD, and GBP.

XS.com Research and Education

Research and education are extremely lacking on the platform, as it offers almost no educational resources for its clients. We find this to be a serious weakness on the platform as well as a disservice to clients. What it does offer are some very brief pages explaining each asset type in a few sentences, and should you need any further education, there is a consultancy service you have to sign up for. 

XS.com Research and Education

XS.com Customer Services

Customer support fares a lot better on XS.com, which offers a neat array of options for clients in need of assistance. For starters, the service is active 24/7, giving clients access to immediate help anytime they need it. However, there are a few glitches.

For starters, the platform has no phone line or live chat feature, which is a rather serious downside. It does have an email through which clients can reach the support team, but the response seems abysmal – it only seems responsive for account opening request verifications. In testing out the email service, we sent up to three email requests to the customer service team but have not gotten a response since. 

In addition to these options, XS.com also operates up to four social media handles: Facebook, Instagram, LinkedIn, and Twitter. Altogether, our examination indicates there is a lot of work that needs to be done on the platform’s customer support service.

XS.com Contact Us Page

XS.com Online Reviews

In this section of the broker’s review, we will try to determine how the platform is viewed by users from across the internet, which will also help us determine what users find best and worst about it. To do this, we will sample positive and negative comments from four popular platforms and opinion websites: Reddit, Quora, TrustPilot, and ForexPeaceArmy. 

What Reddit Users Say About XS.com

There are currently no comments by any XS.com users on Reddit. 

What Quora Users Say About XS.com

There are currently no comments about the platform on Quora. 

Trustpilot Users’ Review About XS.com

While there are no XS.com reviews on Quora and Reddit, Trustpilot has many shining remarks on XS.com. The average rating of the broker on Trustpilot is an excellent 4.3 out of 5 stars from over 46+ users. Of all, none rate the platform any lower than 3 stars, and none have anything major to complain about. 

The things people commended about XS.com on Trustpilot include its practice trading, versatility, and convenience. This user is particularly pleased with the selection of payment options. 

XS.com review on Trustpilot

This other user finds the combination of the platform’s Standard account and the MT4 platform to be his very own green-pip machine. 

XS.com review on Trustpilot 2

While there are no fully negative comments, there are still quite a few words devoted to areas where the review thinks more work is necessary. For instance, this user finds the platform challenging to work with, especially with its few risk management tools, but she still gives the platform a high rating.  

XS.com review on Trustpilot 3

Finally, there is this user who thinks there should be more in the way of customizability and advanced features on the platform. 

XS.com review on Trustpilot 4

ForexPeaceArmy Users’ Review About XS.com

While there is an entry and a page for XS.com on FPA, no one on the platform has posted a comment yet. 

XS.com review on Forexpeacearmy

Other Products and Services

As a CFD broker, XS.com also offers a range of other extra services that we will discuss in this section of the review. 

To begin with, the scope of these extra services is quite broad, and most of them involve affiliations of one kind or the other. However, services like VPS Hosting and Social Trading are not available. Now, let’s overview the available services. 

Other products and Services on XS.com

Careers

Arguably a first among other platforms we have examined, XS.com runs a careers recruitment program for clients who are interested in pursuing a career with the platform. The program promises endless opportunities for career growth and a framework for personal development.  And due to the broker’s multinational operations, it promises a chance to travel the world and experience new cultures. 

XS.com Careers

Partnerships

Through its Partners program, XS.com offers a pretty diverse range of opportunities for clients who wish to be partners of the platform in one form or another. 

The simplest partnership offer of the platform is the Introducing Broker scheme, which allows clients to earn commissions for bringing in new clients through referrals. The program also has an offer for digital affiliates and influencers, allowing them to earn through referrals and the use of their own social platforms to spread the word about XS.com. And if you would like to be an Education expert for the platform or offer asset management services, there is also a program for you. 

XS.com Partnerships

White Label Solutions

If you are an institutional or corporate client intent on launching your own branded trading platform, complete with deep liquidity, FIX API integration, price feed, and full back-office module, this broker offers the White Label Solution. It will enable you to function as an independent, multi-asset broker. 

XS.com White Label Solutions

Liquidity Solutions

This service is another package for retail brokers, both old and new. XS.com’s Institutional Liquidity Solutions allows you to connect to the platform’s Tier 1, multi-asset liquidity pools using bridge connection and FIX API integration. This service will allow your users to access a wide range of assets on your platform with the best trading conditions and 24/7 technical support.

XS.com Liquidity Solutions

Tailored Services

This service centers on versatility, enabling the platform to tailor its services to meet the needs of corporate and institutional clients. In the absence of a robust enough education and research program on the website, this is another feature clients may rely on to get trading and industry knowledge from the platform.

XS.com Tailored Services

Tech Solutions

XS.com Technology and Fintech Solutions are a way to allow existing and new retail brokers to access some advanced trading techno-solutions. It’s designed to optimize the operation of your proprietary retail brokerage platform. 

XS.com Tech Solutions

Is XS.com Safe?

Having looked at other aspects of the platform, we will now turn our attention to the XS.com safety features. This section of our review will examine the issue with regard to three main metrics: regulatory oversight, client funds security, and platform safety. 

Regulation and licensing indicate that a platform operates according to the laws of the land, especially concerning customer relations and security. As such, it’s one way to know that a platform is secure. XS.com does not perform too badly here, as two of its three regulators are well-trusted agencies (ASIC and CySEC). The Seychelles FSA is a relatively lax regulator and is not considered very solid. 

Regarding client funds security, XS.com performs excellently. For starters, it offers negative balance protection, a very important feature to most traders. Additionally, it has a system in place to monitor and assess the risks associated with its operations continuously, thus protecting clients from losses due to such risks. And very importantly, the platform secures the funds of its clients by segregating them from its own funds in secure bank accounts, a move done in addition to a policy of only cooperating with major banks. In the event that the platform becomes bankrupt or insolvent, clients can be sure that their funds will not be dipped into to get the platform out of hot water.

Finally, there is the issue of data security on the platform. The situation is not as favorable here, as the platform does not appear to have multi-factor authentication. Accounts may be vulnerable to hacking by bad actors. However, the broker has some SSL encryption, which at least goes a long way to secure client data. 

Overall, we find the platform to be largely secure and trustworthy, its main weakness being the apparent lack of multi-factor authentication. With regard to regulatory oversight and client funds security, however, XS.com is pretty solid.

Bottom Line

Throughout this XS.com review, we have examined many of the platform’s operational aspects. And so, what conclusions can we draw concerning these? 

Where fees and trading are concerned, XS.com is one of the most favorable platforms we have examined. Its fees are very minimal; it only charges a small commission for one account type, and its spreads are low. Additionally, it offers very favorable leverages for its assets, though said leverages can be constrained by jurisdictional oversight. 

From our examination of the accounts, opening procedures, and platform options, we find that XS.com performs complicatedly. While it has great account options and a user-friendly interface, its account opening procedure is perhaps too complex, requiring you to register, verify your ID, open a live account for MT4 or MT5, and then download and link the MetaTrader terminal. 

While we never found any complaints about the customer service, our examination of it indicated problems – there was neither a live chat feature nor a phone hotline, and we never got our email response. However, the social media options appear to be in good order, which is more than what can be said for the XS.com research and education. The platform lags seriously in this area and could use an expansion of its education resources. 

Finally, we find the platform’s security to be generally commendable, though it could use some security upgrades, especially to user authentication and account security. 

Q & A

You can log in to XS.com’s client portal by clicking on the “Login” button on the website and inputting your login details. 

We find XS.com to be a legit broker.

The broker is well-regulated; it has licenses from up to three different agencies, including two high-trust ones.

The broker offers up to 1,100+ trading instruments. 

XS.com is a CFD-only broker and does not offer real shares on its platform. 

The leverage for stock CFDs on the broker is up to 1:50.

The minimum spread on the platform is from 0.1 pips. 

While most of the account types on the platform are commission-free, the Elite account charges $6 per lot.

Yes, the broker offers international stock CFDs.

The platform’s fees are very low. 

Counting the demo account, XS.com offers up to 9 different account types.

The broker allows up to 5 payment methods, namely Visa, Mastercard, Skrill, Neteller, and bank wire transfers.

There is no minimum deposit for XS.com, except when you use the professional account types. The minimum deposits for these range from $1000 for the Elite account to $100,000 for the VIP account. The most popular method for deposits on the platform is bank card payment, which has a minimum deposit amount of $5.

Withdrawals on the broker are free of charge. 

You can make withdrawals on the broker by logging into the client portal, accessing the withdrawal section, and following the easy instructions there to place a withdrawal order.

There are few resources to help you learn trading on the platform except, perhaps, the consultancy service and a handful of articles.

The broker is not beginner-friendly.

The broker currently does not have a proprietary trading app and relies entirely on Meta Trader.

You can download the MT5 app online from an app store for desktop or mobile devices. 

The reviews we found for XS.com were overwhelmingly positive.

The broker offers some career opportunities for influencers, affiliates, and partners. It also offers opportunities for those wishing to become XS.com employees.  

The broker offers no copy trading or social trading services.

You can become a partner by signing up to become one through its “Partners” program.