When choosing to trade, the first thing you must consider is a reliable trading platform. Why is this aspect so important? Because if you prioritize the safety of a platform, you actually reduce the chances of falling prey to scams, which have become more prevalent than ever, and you meet them in numerous areas and industries, including in trading.
When looking for trading platforms, XS.com is a very popular name, which admits to being a global multi-regulated broker. This is why this company is worth giving a try, but only after assessing whether it is a reliable broker or only a scam in disguise. This is what we will analyze in this article, so keep reading to learn more.
Pros of XS.com
- Offers multiple funding methods
- Provides an easy and quick registration
- An award-winning broker
- It is a trusted global broker
- Advanced trading platform
- Multilingual customer support
Cons of XS.com
- It might seem confusing to beginners
- The customer support is only available during the week
XS.com: An overview
The goal of the XS Forex broker from the start was to unlock the full potential of people in trading. The first page of its story started back in 2010, in Australia, and since then, this company has turned into a leader in the financial sector and FinTech. As a result, it has licenses and jurisdictions in plenty of parts of the world.
It is no wonder the XS CFD broker has grown so much when we consider the company’s core values, which have always been set to be the best. XS strives for excellence in all its operations. They use plenty of trading tools to offer an exceptional trading experience and help people understand complex trading notions, like the concept of liquidity sweep.
Integrity is also part of their core values, and in their company, integrity is achieved through transparency, maintaining the highest ethical standards, as well as offering fairness and honesty in all their operations. The X factor from their successful story is people, no matter whether we are talking about partners, traders, or employees. They are always hiring the brightest minds, and this is shown in always raising the bar in the financial sector and remaining at the top while receiving award after award.
Register on XS.com
Registering on XS.com is a very simple process and will be completed in a few minutes. This process involves three steps. In the first one, you will need to provide your personal information by filling in the account opening form. Then, you will need to verify your email address and complete the profile information. The personal information you need to provide is your name, the country of residence, your email address, your password, and your phone number.
After offering them, you will need to verify your email address with the help of a code. After you are done with this step, the next step is completing your profile information with further information like gender, date of birth, country of tax residency, and nationality. For the registration to be completed, you will also need to respond to questions about your trading experience.
Funding methods
You have plenty of funding methods to try on XS.com, and this process is also coming with a long list of advantages, including segregation of the clients’ funds, secure transactions, fast withdrawals and deposits, and no extra fees. The available funding methods present on XS.com are bank transfer, Skrill, Visa& MasterCard, and Neteller. Take a look at the characteristics of each, as this will help you discover the best solution for you, since these options might differ regarding the minimum and maximum deposit, as well as the processing times and the accepted currencies.
The asset classes you can try
There are many asset classes available on XS.com, each of them coming with its own set of advantages and disadvantages. Of course, to find the best solution for you, you need to research the market first to see which of these assets best matches your needs and preferences. You can also use tools in this process. For instance, if you are interested in the forex market, you can use the Xhmaster formula indicator, which offers insights into trend detection or fake signals of the market.
Another helpful tool for your trading strategy is the smart money concept, which highlights the way in which the big financial institutions can influence the market movement. It works with elements like the order block, which offers insights on whether the next move in the market will be bearish or bullish.
The asset classes available on XS.com:
- Forex
- Metals
- Shares
- Energy
- Futures
- Crypto
- Indices
The safety features present on XS
XS respects high safety standards to protect its clients’ funds. As a result, this company is continually investing in a safe infrastructure while implementing security protocols. With all these measures and the fact that XS is partnering with important financial institutions, this company is able to prioritize clients’ funds at all times, no matter what.
Insurance of up to $5,000,000
XS has set in place a Civil Liability Insurance Program, which has been considered to add an extra layer of safety for clients, as well as providing better peace of mind. This insurance occurs in case of fraud, omission, and negligence, so that the clients are assured there will be no direct costs to clients, in case something arises. The insurance covers losses in excess of USD 10,000, and the maximum stops at USD 5,000,000.
Segregation of clients’ funds
The client’s funds are kept in segregated accounts from those of the companies. This also adds an extra level of safety and ensures that XS remains among the most reliable and reputable financial institutions.
Multiple regulations
One way in which XS proves it is a safe company is by having multiple regulations with regulatory bodies overseeing the activities of this broker. In this way, these financial bodies ensure XS stays in line with the strictest regulatory guidelines. They are ASIC, CySEC, FSCA, SCA, MOCI, FSC, LFSA, and FSA.
The advantages of trading with XS.com
There are many advantages you can encounter when you are starting to trade on XS.com. Here are some of them.
- Multiple regulations: As mentioned above, XS is regulated by many important financial bodies, which ensure that this company upholds the highest standards.
- Safety of funds: XS also prioritizes the safety of funds and of personal information. This is an essential factor, as it provides better peace of mind.
- Advanced trading technology: At XS, you will also have access to advanced trading technology like customizable charts, real-time market data, and technical indicators.
- Global market access: You can pick among global market access, so that anyone can unlock their fullest potential in trading.
- Reliable funding methods: You want to have several funding methods when you start trading with a platform, as in this way, you can pick whichever suits your needs and preferences the most.
- Easy registration process: What a boring thing it is to deal with a lengthy registration process where they ask even the most unimportant questions. The best part about XS is that this doesn’t occur with this company, where the registration process can be completed in around 5-7 minutes.
- Multilingual customer support: XS prioritizes its customers and wants to offer them great support in their journey, while responding promptly to all their questions and inquiries.
- Premium trading conditions: At XS, traders of all walks of life and of all trading experience can participate, since the platform is suitable for all people.
XS comments and complaints
If we take a look at the XS comments, we can see that users are content with their experience using XS. But you need to know XS also wants to help you in case you have an XS complaint. If that is your reality, then you can reach out to XS.com, where you will describe the problem you have encountered. After offering them all the data they need, they will try to solve your problem.
Conclusion: Is XS a safe broker?
Yes, XS is a safe broker and not a scam, which has considered plenty of practices and methods to offer a safe environment to traders, and remove worries.
FAQ
XS.com operates globally, which means you will have access to it no matter the country. Still, due to restrictions, you won’t be able to access XS.com if you are a citizen of North Korea, the USA, or Iran.
Yes, you can try demo accounts at XS, which will help you greatly in discovering the best account for your needs and preferences. In this way, you can see directly how an account at XS gives traders, and determine whether it is a good idea to continue choosing this platform
XS offers you the possibility to try different asset classes, such as metals, shares, forex, indices, energy, futures, and cryptocurrency.
