XS Forex Review: Is it a credible or questionable broker?

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As increasingly more investors or enthusiasts with entrepreneur flair enter the forex trading realm, a common-sense question seems to be muttered by everyone. Is going with one of the world’s leading forex brokers the shortcut to engaging in trading safely, efficiently, enjoyably, and with the highest reward opportunities? All promise top-tier security features, low transaction costs, and lightning-fast deposits and withdrawals, among others. How can you ensure your activity is safe by all means without figuring solutions out when you get to the bridge?

To answer some of the most burning FAQs, we’re looking into the forex broker named the “Top Inspirational Leader” last year at the White Page Leadership Conclave. XS.com has attracted some of the world’s highest-value investors, and now rookies or traders with the strictest requirements are checking into the platform. For this reason, we’re reviewing the bulk of factors indicative of the worthiness of , aka XS Group or simply XS.

 

XS’s beginnings and who supervises their activity

Starting in Australia in 2010 as a liquidity provider, XS became one of the world’s most trusted multi-asset brokers, rising to prominence in online trading thanks to its smooth expansion overseas. With licenses in a few jurisdictions and a weighty global following, the broker promises security and accessibility across every region globally. While it runs its headquarters in the land down under, it collaborates with some of the best-reputed financial services and operation providers and guarantees compliance with the strictest regulatory demands brought forth by the following: 

• ASIC, short for The Australian Securities and Investments Commission
• FSCA, The Financial Sector Conduct Authority in South Africa 
• Malaysia’s Financial Services Authority of Labuan (LFSA) 
• CySEC, or Cyprus’ Securities and Exchange Commission
• FSA, the Financial Services Authority of Seychelles.

Offering services under the care of some of the heaviest regulators worldwide, investors gained the confidence and peace of mind of knowing they can trade lawfully, safely, and in regulated ways, having where to turn if anything goes south. Speaking of safety, this should be one of your top concerns when choosing a forex trader. What does XS.com offer in this regard?

How XS guarantees security  

Forex brokers manage high-value assets, ranging from funds to client databases to high-net-worth individuals’ accounts, and the list goes on. Unsurprisingly, these financial services rank among the prime targets of hackers and other malicious actors, so when it comes to leading providers like XS.com, it’s clear that you can’t compromise your activity’s safety. 

Being the cream of the crop, many might be tempted to assume the provider’s height assures top-tier security feats. But does this prominence give you enough peace of mind to sleep soundly at night assured that your data and assets are safe? Hopefully, not! For more confidence, we’re outlining XS’s security measures as featured in their policy so you can make informed decisions. 

The strong suits 

Clients benefit from additional insurance protection, allowing them to recover losses between $10K and $5M caused by the company’s negligence, fraud, omissions, tech errors, or other risks—all without costs to the victims. Named “Civil Liability Insurance Program” and guaranteed by Lloyd’s of London, the insurance guarantees the needed protection to all third parties and clients engaging with the broker. 

The platform uses superior security protocols and measures to safeguard client funds and personal information. Users’ investments are isolated from company funds and under the care of well-known custodians like Visa and Mastercard, thus minimizing counterparty risks. 

The company takes pride in prioritizing users’ safety and security, constantly investing in its infrastructure and employing superior security protocols to meet the strictest standards. 

Lastly, the company offers user safety-based advice and recommendations for online trading, guidelines, and customer support on what to do if you encounter dubious activity.  

What pushed the broker to international fame 

A commitment is to offer rapid and effortless access to global markets and guarantee a streamlined trading experience for everyone. The mammoth fulfills this promise by presenting a platform with excellent UI and UX, superior tech and tools, faultless trading conditions, and around-the-clock customer support from professionals with years of experience in the field. 

Without these guarantees, it’s safe to say that the mammoth would’ve had a more difficult time establishing itself as a FinTech leader and top-rated global forex broker.

XS’s portfolio of offerings 

The broker offers a few trading platforms behind the proprietary one , including MetaTrader 4 and MetaTrader 5. As emphasized on the website, it makes a point of catering to the demands of institutional investors, traders, and brokers worldwide by offering a variety of assets to trade. Examples include but aren’t limited to indices, currencies, futures, commodities, metals, cryptocurrencies, shares, energy, and last but not least, the CFDs category it started with. 

Whether you want to ride the current crypto wave or invest in high-potential stocks like MSFT and NVDA, among other opportunities, XS.com appears to cover it all.

User can try their luck for free  

Possibly one of XS’s biggest selling points, the company allows users to trade on a demo account to get a feel for the services without paying a dime. While the game is free, the rewards are real, and if you don’t succeed, a mix of the contest and a lucky draw gives you a second shot at making it. Speaking of affordability, the company also boasts of requesting no minimum deposits on most live account types. 

What are these account types? 

XS.com presents more account types with specific functionalities so interested parties can leverage those that best suit their needs, including: 

• Cent Account, with numerous asset classes and most attractive trading volumes for beginners so that rookies can minimize their risks of losing 
• Standard Account, perfect for newcomers and experienced traders alike, promising a top-tier user experience through access to diverse assets, speedy trading, and promising spreads
• Micro Account, or the go-to for inexperienced players looking to trade small volumes and minimize risks  
• Pro Account, developed for veterans looking for slashed spreads and instant market access at zero costs 
• Elite Account for versed traders seeking raw trades, low trading fees, and rapid market execution
• VIP Account for skilled traders wanting limited features like personalized at competitive prices.

XS.com appears to be reliant on a mix of superior trading technology, top liquidity solutions, advanced security features, variety in account types, and support from some of the world’s leading institutions and entities to keep leading the pack as it accustomed forex traders.