XS

XS is a Forex broker based in Cyprus.

XS includes CEOs and staff from exness.

What is XS?

XS is a Forex broker registered in Cyprus, Australia, and Seychelles.

In February 2023, a new CEO was appointed and the domain address xs(.)com was purchased for 15 million dollars, marking a new era for the company.

XS, previously a main B2B liquidity provider, has started offering services to individual investors.

Services for individual traders began in earnest in the spring of 2023, starting with participation in expos.

Start with XS here

Company Information of XS

Below is the company information for XS.

The main office of XS has moved from Australia to Cyprus.

President of XS

The president of Forex broker XS is Mohamad Ibrahim.

Mohamad Ibrahim, formerly of exness, was appointed president of XS in February 2023.

Sponsorships and Partnerships of XS

Forex broker XS sponsors tennis players who participate in Wimbledon and the French Open.

The XS logo is displayed on the uniforms of professional tennis players.

Start Forex with XS

Financial Licenses & Regulations of XS

Below are the financial licenses and regulations that the XS Group (XS brand) has obtained.

• Seychelles FSA
• Australia ASIC
• Cyprus CySEC
• South Africa FSCA

The Cyprus office of XS is located in the same building as OQtima.

Registration Information of XS at Seychelles FSA

Below is the registration information of XS at the Seychelles Financial Services Authority (FSA).

XS plans to increase the number of financial licenses and regulations in the future.

Registration Information of XS at Australia ASIC

Below is the registration information of XS at the Australian Securities Investments Commission (ASIC).

XS has held an Australian financial license, ASIC, for over 10 years and has been providing liquidity to various Forex brokers as a B2B business.

Registration Information of XS at Cyprus CySEC

Below is the registration information of XS at the Cyprus Securities and Exchange Commission (CySEC).

In Cyprus, where XS’s headquarters is located, there are also XS Fintech Ltd (registration number: HE 426566) and the payment processing company of the XS Group, Ficupay Ltd (registration number: HE 433983).

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Insurance Company Contracted by XS

Forex broker XS is enrolled in a civil liability insurance program with Lloyd’s of London in the UK.

XS provides additional insurance covering damages up to 5 million US dollars for claims exceeding 10,000 US dollars related to negligence, fraud, misconduct, or other wrongful acts leading to financial losses for customers.

XS traders are covered by insurance for up to 5 million dollars for losses not related to trading activities.

How to Contact XS

Below are the ways to contact XS customer support.

• Email (support@xs(.)com)
• Live Chat
• Phone (Callback)
• Contact Form

In some countries and regions, the business hours for XM’s customer support are available 24 hours a day, 365 days a year.

Open an account (free)

XS Bonuses, Account Opening Campaigns

XS is not a Forex broker that offers many bonuses.

Below are examples of bonuses and benefits you can receive when opening an account with XS.

• Cashback 30 USD
• Swap-Free Campaign

XS is planning to offer loyalty programs like exness, swap-free campaigns, and cashback accounts (auto-rebate).

XS Account Opening Bonus (No Deposit Bonus)

Forex broker XS does not provide a no-deposit bonus for starting Forex without using your own funds.

The latest information on Forex account opening bonuses (no deposit bonuses) can be checked in the latest list as well.

Tradable Instruments at XS

Below are the instruments you can trade on an XS Forex account.

• Forex Currency Pairs
• Precious Metals (Metals)
• Energy
• Commodities
• Stock Indices (Indexes)
• Stocks (Securities/Individual Stocks)
• Cryptocurrencies

You can trade the US dollar against the yen, gold, crude oil, the Nikkei Stock Average, US stocks, and Bitcoin all in one trading account.

XS’s server connection is in London, UK, using servers from Equinix.

Open a Forex account here

Cryptocurrency FX at XS (Crypto Asset CFD)

You can trade Cryptocurrency FX (Crypto Asset CFD/Bitcoin FX) on an XS Forex account.

Below are the cryptocurrencies (crypto assets/cryptocurrencies) you can trade.

• Bitcoin (Bitcoin/BTC)
• Ethereum (Ethereum/ETH)
• Ripple (Ripple/XRP)
• Litecoin (Litecoin/LTC)
• EOS (EOS)
• NEO (NEO)
• OMG (OMG)
• Tron (Tron/TRX)
• Monero (Monero/XMR)
• Zcash (Zcash/ZEC)

You can check the trading hours for XS’s cryptocurrencies in FAQs about trading hours.

Start Cryptocurrency FX here

Maximum Leverage at XS

The maximum leverage for an XS Forex account is 2,000 times.

The instruments that can be traded with a maximum leverage of 2,000 times are generally the Forex currency pairs of the micro and cent accounts.

Maximum Leverage for Each Tradable Instrument

Below is the maximum leverage for each category of instruments you can trade on an XS Forex account.

XS offers high leverage of 2,000 times in some areas, and there are also countries and regions where the maximum leverage is 500 times.

Open an account (free) here

Leverage Restrictions at XS

Below are the timings when leverage restrictions occur at XS.

• Leverage restrictions occur when the number of trading lots increases
• Leverage restrictions occur at the beginning and just before the close of trading
• Leverage restrictions occur before and after the announcement of economic indicators

The specifications for XS’s leverage restrictions are updated from time to time, and changes may occur in the future.

Example of Leverage Restriction on USDJPY at XS

Forex broker XS, like XM/XMTrading, employs a mechanism called dynamic leverage for leverage restrictions.

Below is an example of the rules for leverage restrictions on major currency pairs like the USDJPY at XS.

Trading Platforms at XS

Below are the trading platforms (trading software/trading tools) available at XS.

• MT4 (MetaTrader 4)
• MT5 (MetaTrader 5)

XS has been offering MT5 accounts since 2024.

XS MT4 account here

Account Types at XS

You can choose from 8 different account types for trading conditions and environment at XS.

• Standard Account
• Cent Account
• Micro Account
• Pro Account
• Elite Account
• VIP Account
• Extra Account
• Classic Account

The Pro Account is recommended, but please also check the comparison of differences between XS account types.

Start with XS here

Trading Environment & Conditions of XS’s Standard Account

Below are the trading environment and conditions for XS’s Standard Account.

XS supports NBP, so traders do not incur debts even when trading Forex at high leverage (no margin call required).

Standard account here

Trading Environment & Conditions of XS’s Cent Account

Below are the trading environment and conditions for XS’s Cent Account.

Please also check the comparison of spreads and trading fees for each XS account type.

Cent account here

Trading Environment & Conditions of XS’s Micro Account

Below are the trading environment and conditions for XS’s Micro Account.

XS’s Micro and Cent accounts only have the MT5 trading platform.

Micro account here

Trading Environment & Conditions of XS’s Pro Account

Below are the trading environment and conditions for XS’s Pro Account.

XS has reduced the minimum deposit amount for Pro Accounts from $3,000 to $1,000.

Pro account here

Trading Environment & Conditions of XS’s Elite Account

Below are the trading environment and conditions for XS’s Elite Account.

XS has reduced the minimum deposit amount for Elite Accounts from $1,000 to $500.

Elite account here

Trading Environment & Conditions of XS’s VIP Account

Below are the trading environment and conditions for XS’s VIP Account.

Trading Environment & Conditions of XS’s Extra Account

Below are the trading environment and conditions for XS’s Extra Account.

XS’s Exness account is an account type with a marked-up spread for affiliates (affiliate).

Trading Environment & Conditions of XS’s Classic Account

Below are the trading environment and conditions for XS’s Classic Account.

XS’s Classic Account is an account type with a marked-up spread for affiliates (affiliate).

You can add up to 5 trading accounts as additional accounts on one trading platform.

Trading Environment & Conditions of XS’s Low Account – Ended

Below are the trading environment and conditions for XS’s Low Account.

Trading Environment & Conditions of XS’s Plus Account – Ended

Below are the trading environment and conditions for XS’s Plus Account.

Swap-Free Account at XS

Forex broker XS offers a swap-free account tailored for traders of the Islamic faith.

Automated Trading Available at XS – Copy Trading, PAMM, etc.

Below are the types of automated trading available at XS.

XS is planning to introduce copy trading (social trading).

Free VPS Hosting Service at XS

Forex broker XS is planning to start a VPS hosting service soon.

Plans to use XS’s VPS for free by meeting deposit and trading conditions are being considered.

Start with XS here

Deposit and Withdrawal Methods at XS

Below are the main deposit and withdrawal methods at XS.

• Credit Card
• Debit Card
• SticPay
• PerfectMoney
• bitwallet
• MiFinity
• Cryptocurrency
• Bank Transfer (Domestic Transfer/Domestic Bank Transfer)
• Money Transfer

The usual minimum deposit amount at XS is $200 equivalent. (This may vary by country or region.)

Start with XS here

Posted by Ryan Brook

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