List & Comparison of XS's Account Types & Platforms

XS Account Types and Trading Platforms: A Clear Forex Comparison

Choosing a Forex trading account is mostly about two things: how you pay to trade (spread, commission, swaps) and how you place trades (platform and execution tools). XS structures its offering into groups of account types with different pricing models, lot sizes, and platform access—so you can match the account to your trading style instead of forcing your style to fit the account.

How to compare Forex accounts (what actually changes)

Before the account list, here are the parameters that change your real trading cost and workflow:

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Spread vs commission (your main trading cost)

• Spread-only accounts charge you through the bid/ask spread. You don’t pay a separate commission, but spreads are wider than raw-spread models.
• Raw-spread + commission accounts aim for a very low spread and charge a commission per trade (often shown as “round turn,” meaning open + close).

On XS, many accounts show an average spread for EURUSD as a quick comparison point, and the commission is either X (no commission) or a stated value depending on the account.

Swap-free option (holding trades overnight)

XS shows a Swap Free Option as available on these account spec pages. This matters for Forex traders who hold positions across sessions and want a swap-free setup where applicable.

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Lot size and minimum volume (how small you can trade)

• Standard Forex trading uses a standard lot size (often 100,000 units conceptually).
• Micro and cent structures reduce exposure. On XS, Cent accounts use cent lots, and Micro accounts use micro lots.

Leverage model (dynamic vs fixed)

XS describes dynamic leverage on most asset classes and account types, and also states that fixed leverage applies to Cent & Micro account types (and to certain asset classes like futures, commodities, shares, and most cryptos across account types).

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XS trading platforms: MT4 vs MT5 (and why it matters for Forex)

XS offers trading through MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Some account types support both, while others are MT5-only.

MetaTrader 4 at XS

MT4 at XS is presented with features such as charting, multiple timeframes and indicators, customizable layouts, one-click trading, and automated trading through Expert Advisors (EAs).

XS also offers an MT4 web option described as browser access with real-time quotes, basic charting, and no installation.

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MetaTrader 5 at XS

MT5 is positioned as the advanced MetaTrader platform on XS, and XS assigns several account types as MT5-only (notably Cent, Micro, VIP, and Copy Trading accounts).

Platform access by account type (quick view)

• MT4 + MT5 accounts: Standard, Pro, Elite, Classic, Extra, Plus
• MT5-only accounts: Cent, Micro, VIP, Copy Standard, Copy Pro

If MT4 is a requirement (for example, because you rely on a specific MT4 EA setup), you’ll automatically be choosing from the MT4+MT5 group.

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Preferred account types (built around no minimum deposit)

XS lists Preferred account types as popular options suitable for new and experienced traders who want to trade without minimum deposit requirements. These are Standard, Cent, and Micro.

Preferred comparison table (Forex-focused)

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What these accounts mean in real Forex use

Standard (MT4/MT5, spread-only)
This is the “normal sizing” Forex account setup: standard contract size, minimum volume of 0.01 lot, demo available, and it supports both MT4 and MT5. It’s the cleanest starting point if you want broad platform choice without dealing with commission math.

Cent (MT5-only, cent lots)
Cent lots reduce the monetary impact of pip movement because the account uses a cent-denominated base currency (USC). If you want to test execution, entries, and risk rules in a live environment with smaller exposure, the structure is built for that. The tradeoff is simpler product coverage (currencies and metals) and no demo on this account type.

Micro (MT5-only, micro structure)
Micro is also designed for smaller exposure, with contract size shown as Micro 1,000 USD and minimum volume 0.1 lot on that micro contract structure. Like Cent, it’s MT5-only and has no demo availability on the account spec page.

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Professional account types (pricing tuned for active Forex trading)

XS groups Professional account types as Pro, Elite, and VIP. The key differences here are spread level, commission model, and minimum deposit requirements.

Professional comparison table (Forex cost first)

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How to choose between Pro vs Elite for Forex

Pro is the “lower spread, no commission” step up: the average EURUSD spread is 0.7 with commission marked as X. For many Forex traders, that’s the simplest way to reduce trading costs while keeping a spread-only workflow.

Elite is explicitly a raw-spread model (average EURUSD spread 0.1) with a stated 6$ round turn commission and a note that the round turn is charged fully at position opening. This matters for scalpers and high-frequency Forex styles where a tighter spread is often more important than avoiding commission.

VIP is MT5-only with a much higher minimum deposit and raw spread pricing (0.1 average EURUSD spread) where commission applies. The VIP account is described as intended for experienced/high-volume setups and focuses on low trading costs and deeper liquidity conditions on MT5.

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Partners special account types (Classic, Extra, Plus)

XS lists partner-oriented account types under the Partners section: Classic, Extra, and Plus. They are shown as MT4/MT5 accounts with no minimum deposit requirement on the account types page, and they differ mainly by spread and whether commission applies.

Partners special comparison table (pricing model)

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What these accounts mean for Forex trading

• Classic is a spread-only structure (commission X) with a 1.6 average EURUSD spread—often used when simplicity matters and you still want MT4/MT5 access plus demo availability.
• Extra is also spread-only but with a wider spread (2.1 average EURUSD). It keeps the same MT4/MT5 access and leverage figures shown on the account spec page.
• Plus is the raw-spread partner model (0.1 average EURUSD) with a commission schedule split into Plus10/Plus15/Plus20, and XS notes the round turn commission is charged fully at position opening.

Copy Trading account types (Copy Standard and Copy Pro)

XS lists two Copy Trading account types: Copy Standard and Copy Pro. Both are MT5-only and limited to currencies and metals (Gold & Silver), with commission marked as X.

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Copy Trading comparison table

In practice, the difference between the two is pricing: Copy Pro mirrors the tighter spread profile (0.7 average EURUSD) while Copy Standard stays at 1.1.

A practical “pick the account” guide for Forex traders

Below are common Forex scenarios and the XS account types that match the structure shown in the account specs.

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If you want MT4 access

Your choices are the accounts that support MT4 and MT5:

• Standard, Pro, Elite, Classic, Extra, Plus

If you want the smallest live trading exposure

• Cent is the dedicated cent-lot structure (USC base currency) with 0.01 minimum volume.
• Micro uses a micro contract structure (Micro 1,000 USD) with 0.1 minimum volume on that contract sizing.

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If you hate commissions and want simple pricing

Choose the accounts with commission marked X:

• Standard, Cent, Micro, Pro, Classic, Extra, Copy Standard, Copy Pro

If you scalp or trade high frequency on Forex

These strategies often prioritize tighter spreads:

• Elite (0.1 average EURUSD, commission model)
• Plus (0.1 average EURUSD, commission varies by Plus10/15/20)
• VIP also sits in the raw-spread category with commission, but requires a much higher minimum deposit and is MT5-only.

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If you want to run EAs and keep flexibility

Both MT4 and MT5 support automation in the MetaTrader ecosystem, and XS highlights EA support on MT4. If you need MT4 specifically, use a MT4+MT5 account; if you prefer MT5, you can choose any MT5-supported account type.

Across XS account types, the most important differences for Forex trading are:

• Platform access: MT4+MT5 vs MT5-only.
• Pricing model: spread-only (commission X) vs raw spread + commission (Elite, Plus, VIP).
• Position sizing structure: Standard vs Cent vs Micro contract sizing and minimum volumes.
• Minimum deposit: no minimum deposit marked as X on many accounts, with Pro/Elite requiring 500 and VIP requiring 100,000.
• Leverage model: dynamic leverage is shown on several account spec pages, while XS also explains fixed leverage for Cent and Micro (and certain asset classes).

XS Account Opening Procedure

Opening a Forex trading account with XS follows a clear sequence: registration, email confirmation, profile questionnaire, document verification, and activation. After activation, you use your trading credentials to log in on MetaTrader 4 (MT4) or MetaTrader 5 (MT5) and begin trading.

What to prepare before you start

You can complete the XS account opening flow smoothly if you have these items ready from the beginning:

• Your full name, email address, phone number, nationality, and country of residence
• Your date of birth
• Basic details about your trading background and financial profile (you will answer questions about trading experience, risk understanding, employment status, and source of funds)
• One valid Proof of Identity document
• One valid Proof of Residence document

Step one: Start registration on XS

The first step is creating an XS profile through the registration page.

During registration, you enter the core details XS requests:

• Name
• Email address
• Country of residence
• Phone number

This creates your initial profile and moves you into the next step of the account opening flow.

Step two: Verify your email address

After submitting the registration form, you verify your email address.

Email verification confirms that you control the email tied to the account. This step is part of the standard XS onboarding sequence and is required before you complete the full application details.

Step three: Complete the application form questionnaire

After email verification, XS requires an application form questionnaire. This is where the account opening moves beyond basic registration and into a full client profile.

XS asks for two main categories of information:

Personal details

You provide personal identity details such as:

• Name (as it appears on your documents)
• Date of birth
• Nationality
• Country of residence
• Contact details (email and phone)

These details must match your verification documents. If your profile details and documents don’t align, verification will not pass.

Trading experience and financial details

XS also asks questions about your trading and financial profile, including:

• Your level of trading expertise
• Your understanding of financial risk
• Your employment status
• Your source of funds

This information is part of standard onboarding for a Forex broker because it supports compliance screening and suitability checks. It also helps XS assign the correct profile status for account activation.

Step four: Upload KYC documents (identity and address)

Once registration, email verification, and the questionnaire are completed, XS requires KYC document submission. XS specifies two document categories:

• Proof of Identity (POI)
• Proof of Residence (POR)

Your documents must meet strict formatting and content rules.

Proof of Identity: what XS accepts and how it must look

XS states that your Proof of Identity document must meet these requirements:

• It must be in color
• It must be valid (not expired)
• It must clearly show your full name
• It must clearly show your date of birth
• It must clearly show the expiry date or issue date
• All four edges of the document must be visible
• It must be issued by a governmental body or a recognized institution

XS also lists common examples of identity documents that can be used, including:

• Driver’s license
• ID card
• Passport
• Residence permit

If any critical element is missing—like the full name, date of birth, validity details, or visible edges—the document does not meet XS requirements.

Proof of Residence: what XS requires for address verification

XS states that your Proof of Residence document must meet these requirements:

• It must be a full page
• It must clearly show your full name
• It must clearly show your residential address
• All four edges must be visible
• It must be issued by a governmental body or a recognized institution
• It must be no older than three months from the issue date

Proof of residence is used to confirm your address for compliance purposes. If the address is not clearly readable, not shown on a full-page document, or the document is older than the allowed timeframe, it does not meet the stated requirements.

How to avoid document rejection (based on XS document rules)

XS document rules are specific, which makes it easier to avoid mistakes. The most common rejection triggers are directly tied to the requirements above:

• Missing edges: If the photo is cropped and all four edges are not visible, the document does not match the stated rule.
• Unreadable text: If your name, address, date of birth, or issue/expiry date is blurry, the document does not clearly show required fields.
• Expired identity document: Proof of Identity must be valid.
• Outdated residence document: Proof of Residence must be within the allowed timeframe from issue date.
• Not full page for address proof: XS specifies the address proof must be a full page.

If you follow the format rules exactly—full page, all edges visible, clear text—you remove most of the friction from verification.

Step five: Wait for approval and activation

After you submit the application questionnaire and KYC documents, XS reviews your information. XS states that once the steps are completed and your documents are verified, your account is activated.

Activation is the point where your XS profile becomes a verified trading profile and can be used as intended.

Live account and demo account: what XS offers during onboarding

Many Forex traders want to practice before funding a live account. XS provides demo account access with specific rules and limits.

Demo account availability at XS

XS offers demo accounts across multiple account types and platforms. Demo accounts are virtual-money accounts that still include the full platform functionality and technical indicators used in live trading.

Demo account limits

XS allows you to open up to 10 new demo accounts for each account type per platform.

Demo account lifecycle and inactivity handling

XS states that the demo account does not expire, but it will be archived if it remains inactive for 90 days. Once archived, that demo account cannot be reactivated. You can open a new demo account at any time.

Demo balance top-up

XS also states that if the virtual funds have been used, you can top up your demo account balance from the client area.

This structure is useful for Forex traders who want to test strategies, EAs, or platform execution without risking real money.

What happens after activation: getting ready to trade Forex

Once your XS account is activated, the next steps are practical trading setup steps: picking your platform, logging in, and preparing your charts and order workflow.

XS supports MT4 and MT5 as trading platforms. Your account type determines whether you can use MT4, MT5, or both, but the login workflow on each platform is consistent: you log in using your XS account credentials and choose the correct server.

How to log in to MT4 with your XS trading credentials

On MT4 desktop, XS describes this login process:

• Install and launch MT4
• Go to the “File” menu
• Select “Login to trade account”
• Enter your XS account credentials
• Select the server on which your account is registered from the dropdown list
• Click “Login”

This is the moment where your activated XS profile becomes an active Forex trading environment inside MetaTrader.

How to log in to MT5 with your XS trading credentials

On MT5 desktop, XS describes the same structure:

• Install and launch MT5
• Go to the “File” menu
• Select “Login to trade account”
• Enter your XS account credentials
• Select the server on which your account is registered
• Click “Login”

The key is using the correct credentials and selecting the matching server for your account.

Why the questionnaire and verification matter for Forex traders

Some traders see onboarding questions and document checks as annoying, but for a regulated Forex broker, these steps serve specific functions:

• The questionnaire collects your trading experience and financial profile, including risk understanding and source of funds.
• The document checks confirm identity and address using Proof of Identity and Proof of Residence rules.
• Activation happens only after the full workflow is completed and verification passes.

In short: registration creates the profile, verification activates it, and activation enables live trading access.

A clean checklist of the full XS account opening flow

Here is the full procedure in the same order XS presents it:

Register on XS (enter name, email, country of residence, phone number)

Verify your email address

Complete the application form questionnaire

• Personal details
• Trading experience and financial profile

Upload KYC documents

• Proof of Identity (color, valid, full name, date of birth, issue/expiry date, all edges visible)
• Proof of Residence (full page, full name, residential address, all edges visible, issued by a governmental body or recognized institution, within the allowed timeframe)

Wait for approval

Account activation after successful verification

Log in on MT4 or MT5 using credentials and the correct server

Use a demo account if you want practice with virtual funds

• Up to 10 demo accounts per account type per platform
• Demo accounts are archived after 90 days of inactivity
• Demo balance can be topped up from the client area

Practical notes for a smoother first setup on MT4 or MT5

Once you log in to MetaTrader, your first Forex setup typically includes:

• Confirming your account is connected to the correct server
• Checking the Market Watch symbols you plan to trade
• Opening charts for major Forex pairs (like EURUSD)
• Setting your trade size and risk rules
• If you use automated trading, configuring your EA settings inside the platform

The XS account opening procedure is structured and consistent: register, confirm email, complete the questionnaire, upload Proof of Identity and Proof of Residence, then wait for approval and activation. Once activated, you log in on MT4 or MT5 using your credentials and the correct server, and you can use demo accounts under XS’s stated limits if you want virtual-money practice before live Forex trading.