Trading is one of the oldest forms of exchange between people. Its evolution is so significant for your history that it started from the barter system and ended up including large-scale retail and regular customers. Trading accessibility also expanded, allowing anyone to acquire any type of asset through digital applications, from commodities to foreign exchange (FX).
Forex trade, for example, is a popular option for individuals, banks, and companies, as forex pairs include some of the strongest currencies in the world, such as EUR/USD or GBP/USD. In addition, investors explore the cryptocurrency market to expand their portfolio horizon with
Bitcoin and Ethereum are the most prominent investment tools in the industry.
Trading Forex and other asset categories takes time and specific knowledge, so investors must use reliable and safe tools to minimize their risks and maximize revenue. Therefore, customers demand regulated brokers to work with, such as XS, the trading platform with access to global markets. Let’s analyze its features.
The story of the XS Forex broker
The XS Group, also known as XS, is an Australian multi-asset broker that provides clients with worldwide access to financial markets. Since 2010, it has continuously expanded into sectors like FinTech and online trading, acquiring licenses and authorizations to be available to users worldwide.
Traders, investors, and brokers use the tools’ advanced trading technology to tap into multiple markets and benefit from institutional liquidity. With the mission of supporting investors’ path into the world of trading, XS.com offers all the tools and knowledge necessary to be successful.
Is XS trustworthy?
Choosing a regulated broker is the most important because it offers the safety and reassurance an investor needs regarding their assets. XS acquired various regulations globally, making it regulatory compliant and, therefore, accountable. For example:
- The Australian Securities and Investments Commission (ASIC) under the country’s laws;
- The Republic of Cyprus under the Cyprus Securities and Exchange Commission (CySEC);
- The Federal Territory of Labuan, Malaysia, and regulated by the Financial Services Authority of Labuan (LFSA);
- The Financial Sector Conduct Authority (FSCA) by South African laws;
XS is a safe broker solution for any investor, providing adequate infrastructure and high-tech features for security protocols. In case of losses, XS ensures insurance up to $5,000,000, whether it’s fraud or negligence, based on the Civil Liability Insurance Program.
What’s the customer experience with XS like?
The XS interface is easy to follow, so the registration process is pretty straightforward. The digital registration tools help investors create an account in a few minutes. After that, funding can be made in various ways, including a bank transfer, Visa and Mastercard, and services like Skrill and Neteller.
The advanced trading technology at XS makes it easy for traders to tap into different asset classes. They can access real-time market data, customizable charts, and technical indicators to help them develop the best trading strategy.
What’s also best about XS is that it offers multilingual customer support, so anyone across the globe can receive genuine guidance when encountering an issue. Investors can use the email support features, but the live chat function is preferred the most. There, individuals discuss with a customer support officer in the language desired, trained to collaborate and prioritize the customer.
What account options does XS ensure?
At XS, various account categories are best for every type of trader. You can maximize your trading chances and outcomes by choosing the right one based on your needs and risk management. The preferred account types include:
- CENT: smallest minimum trading volumes;
- STANDARD: offers stable and low spreads;
- MICRO: leverages micro lots;
There are also professional account types:
- ELITE: includes raw spreads and reduced trading costs;
- PRO: low spreads and high-speed market execution;
- VIP: customized trading with low commission raw spreads;
And, finally, the accounts for partners:
- EXTRA: high rebates for value-added services;
- CLASSIC: stable spreads and higher rebates;
- PLUS: flexible commissions and vast trading instruments;
What about trading hours?
Trading periods are some of the most critical factors in an individual’s success. Forex, for instance, is open 24 hours a day and uses three different trading periods, each with different benefits and risks. XS has a detailed and comprehensive trading schedule for anything from Forex, metals, and indices within regular hours.
At the same time, the company announces trading hour changes during upcoming holidays for every asset category, so traders know if they have to adjust their strategies. In addition, trading notices are to be considered as they can affect conditions in accordance with seasonal and market elements.
Finally, XS ensures a broad image of trading in financial markets, highlighting the HMR periods in the near future. Considering the vast market industry, every sector has its own opening and closing times, which you can check out in the application.
What’s the dynamic leverage?
Dynamic leverage is another essential aspect of trading with XS because it ensures the potential to adjust the capital volume. With XS, traders can reach various maximum leverage solutions depending on the asset class. For example, FX Majors get 1:2000, Crude Oil gets 1:500, and minor indices have 1:100.
Of course, there are various margin requirements for every type of asset. For a lot up to two in FX Majors, the margin is about 0.05%, with a maximum leverage of 1:2000. Still, you should check out contract specs since not all asset classes benefit from dynamic leverage.
What’s your take on XS broker?
Trading can become challenging without a trustworthy and reliable tool, which is why XS broker made things simple. The company acquired numerous worldwide licenses to ensure customers’ safety and efficiency while expanding its asset class to offer endless trading opportunities for clients. Creating an account is pretty straightforward, and customer support is provided in multiple languages to help traders navigate any unforeseen situations. In addition, the trading platform offers all the information necessary on trading hours, dynamic leverage, and financial markets.
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