This article explains XS KYC verification for Forex trading, detailing Proof of Identity and Proof of Residence requirements, the three-month address rule, source-of-funds checks, common rejection reasons like cropped edges or unclear images, and a practical upload checklist for faster approval.
Required Documents by XS for KYC verification Table of Contents
- The core document set XS uses for verification
- Proof of Identity: what XS requires and what it must show
- Proof of Residence: what XS requires and what it must show
- Proof of source of funds: what it is and why XS asks for it
- The “all four edges” rule: why it decides approval
- “In color” and “clearly show” are compliance requirements, not preferences
- Matching rules: your profile details and documents must align
- What “issued by a governmental body or recognized institution” means in practice
- The “recentness” rule: three months is a strict cutoff window
- How XS treats incomplete, inaccurate, or missing documents
- Practical preparation rules that keep your upload compliant
- XS's account types and fund deposit methods
- How XS structures account types
- Preferred account types at XS
- Professional account types at XS
- Partner-focused special account types at XS
- Copy trading account types at XS
- Understanding spreads and commissions the right way
- Platform support across account types
- Leverage structure that interacts with account selection
- XS fund deposit methods
- Deposit methods, limits, processing times, and currencies
- Online banking and local payment solutions
- How to think about deposit method choice for Forex trading
- Account type and deposit method pairing that makes sense
- Standard, Cent, and Micro accounts with flexible funding
- Pro account with active trading funding behavior
- Elite and Plus accounts for spread-and-commission traders
- A practical summary of XS account types
KYC verification is the step that turns a registration into a usable Forex trading account. It is not a formality. It is the broker’s identity and compliance gate that connects a real person to a real trading profile, and it controls what you can do next: fund the account, place trades, and withdraw. With XS, KYC is document-driven and rule-driven. If the documents match the rules, verification is processed smoothly. If the documents miss even one rule—missing edges, unreadable text, expired ID, or an address document that does not clearly show the required details—verification stops until the upload is corrected.
XS organizes KYC around clear document categories. For standard account verification, XS requires Proof of Identity and Proof of Residence. XS also defines customer due diligence document requirements in its AML/KYC policy, including a proof of source of funds requirement for natural persons as part of due diligence checks.
The core document set XS uses for verification
XS uses a simple structure for account verification:
- Proof of Identity (POI)
- Proof of Residence (POR)
In addition, XS’s AML/KYC policy describes customer due diligence requirements for natural persons that include:
- An official identity document (identity card, passport, or another official government document)
- A recent utility bill reflecting the current address (within a defined recent window)
- Proof of source of funds
The practical takeaway is that your verification file set should be built around POI and POR first, and your funding profile should be supported by a source-of-funds document when requested under due diligence rules. This is standard in Forex onboarding because brokers must be able to identify who is trading and how the account is funded.
Proof of Identity: what XS requires and what it must show
Proof of Identity is the document that confirms you are the person opening the Forex trading account. XS defines strict POI visibility rules:
- The POI must be in color
- The POI must be valid
- It must clearly show your full name
- It must clearly show your date of birth
- It must clearly show the issue and/or expiry information
- All four edges of the document must be visible
- The document must be issued by a governmental body or a recognized institution
These are not optional quality guidelines. They are acceptance criteria. When any item is missing—like a cropped edge or unclear expiry information—POI fails the rules and needs replacement.
Which identity documents XS lists as acceptable POI types
XS lists examples of identity documents used for verification, including:
- Driver’s license
- ID card
- Passport
- Residence permit
This matters because it tells you what XS expects: a government-issued photo identity document that has standardized personal data fields and validity information.
Proof of Residence: what XS requires and what it must show
Proof of Residence confirms where you live. In Forex, address verification is used for compliance checks, jurisdiction rules, and account eligibility controls. XS defines POR rules in a very direct way:
- The POR 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 within a recent window measured from the document issue information (XS specifies a window of three months)
A POR upload fails when the document is cropped, the address line is cut off, the page is incomplete, or the name/address is not readable.
Utility bill requirement in XS due diligence rules
XS’s AML/KYC policy includes a utility bill as an address verification document for natural persons, with a recentness rule defined as being within three months.
This matches the logic XS applies in its Help Center rules: address proof must be current and must clearly link the customer name to the address.
Proof of source of funds: what it is and why XS asks for it
XS’s AML/KYC policy includes proof of source of funds as part of identification and customer due diligence for natural persons.
“Source of funds” is not the same thing as “account balance.” It is documentation that supports where the money used to fund the trading account comes from. In Forex, this is a standard compliance layer tied to anti-money laundering requirements. It protects the broker and the client relationship by confirming that deposits are funded from legitimate sources connected to the account holder.
XS also states it can request documentation to confirm the source of funds deposited into the trading account.
The key point for traders is simple: if XS requests proof of source of funds, that request is part of compliance checks tied to deposits and account usage. It is not a “bonus requirement.” It is a documentation requirement connected to account funding legitimacy.
The “all four edges” rule: why it decides approval
XS repeats an important rule across verification documents: all four edges must be visible.
This rule exists for one reason: the broker must be able to confirm the document is complete and unedited. Cropping is one of the most common reasons a valid document becomes unacceptable. A cropped passport page, a cropped ID card, or a cropped address statement can remove key information:
- Document number areas
- Issue/expiry fields
- The institution’s name and logo
- Page headers, page borders, and security marks
- Full address lines
If a document is cut off, the compliance team cannot treat it as complete, even if the visible content looks correct.
“In color” and “clearly show” are compliance requirements, not preferences
XS explicitly requires POI to be in color and clearly show key identity fields.
“Clear” means the text is readable at normal zoom, the photo is visible, and the key fields are not blurred by motion or glare. If you take a photo instead of scanning, you still must meet the same clarity standard. The compliance logic is strict because identity verification requires accurate comparison of names, dates of birth, and validity fields.
A common failure pattern is submitting a valid ID that is:
- Too dark
- Overexposed
- Taken at an angle that distorts text
- Captured under reflective light that hides the expiry information
Even if the ID is valid in real life, the file must be valid as a verification image.
Matching rules: your profile details and documents must align
XS collects personal information during account opening (name, date of birth, nationality, country of residence, email, phone) and then verifies the account using identity and residence documents.
That creates an alignment requirement: the information you typed must match what the documents show. A mismatch is not a small issue. It blocks verification because the broker must verify the same identity across the profile and the documents.
Examples of mismatches that stop verification:
- Different spelling of your legal name compared to the ID
- A different residential address compared to the address document
- A profile that lists one country of residence while the address document shows another
The way to avoid this is to treat your profile fields as legal identity fields, not “nickname” fields.
What “issued by a governmental body or recognized institution” means in practice
XS requires POI and POR to be issued by a governmental body or a recognized institution.
For POI, this is straightforward: passports, national ID cards, residence permits, and driver’s licenses are typically government-issued identity documents.
For POR, the “recognized institution” standard points to institutions that produce formal address records tied to a person. The document must clearly show your full name and residential address and be issued in a way that is verifiable and formal, not informal.
If an address paper does not clearly show the institution identity and your address details, it does not meet the rule.
The “recentness” rule: three months is a strict cutoff window
XS defines a recentness requirement for verification documents using a three-month window measured from the document issue information.
This rule exists because address verification is about current residence. A bank letter or address statement from long ago does not prove where you live now. For that reason, the time window is strict: the document must be current enough to count as active address proof.
This is one of the fastest ways to avoid back-and-forth. If your address proof is older than the accepted window, replace it with a newer document before uploading.
How XS treats incomplete, inaccurate, or missing documents
XS’s AML/KYC policy states the company can reject account opening or limit/block access if required documentation appears inaccurate, false, incorrect, or incomplete, or if the client refuses to provide requested information within a reasonable timeframe.
This is important because some traders assume verification is “optional until withdrawal.” That assumption is incorrect under XS’s compliance rules. Documentation quality and completeness affect account access and the ability to use services fully.
Practical preparation rules that keep your upload compliant
Even when the document type is correct, upload quality decides approval. The following preparation rules directly support the XS requirements (color, clear fields, full page, visible edges):
For Proof of Identity files
- Use a flat surface and bright, even light
- Capture the entire document, including all edges
- Confirm your full name, date of birth, and issue/expiry fields are readable
- Avoid glare on laminated cards
- Do not cover any part of the document with fingers or shadows
For Proof of Residence files
- Upload the full page, not a cropped section
- Confirm both your full name and full residential address are readable
- Keep the page edges visible
- Ensure the document shows issue information so the recentness rule can be checked
These steps are not “tips.” They are the practical way to meet the acceptance rules XS states for POI and POR.
- POI
- In color
- Valid
- Full name visible
- Date of birth visible
- Issue/expiry information visible
- All four edges visible
- Issued by a governmental body or recognized institution
- POR
- Full page
- Full name visible
- Residential address visible
- All four edges visible
- Issued by a governmental body or recognized institution
- Within the three-month issue window
- Source of funds documentation
- Provided when required under customer due diligence and deposit-related checks
Forex trading is built on margin, fast execution, and frequent funding decisions. KYC is the compliance layer that determines whether your account is treated as fully verified. With XS, verification is document-based and rule-based: POI and POR must be complete, readable, and current under the defined window; and due diligence standards include source-of-funds documentation when required.
When you submit documents that meet these exact criteria, verification becomes a predictable process: upload, review, approval, and full access to the trading profile.
XS’s account types and fund deposit methods
Choosing the right Forex account is not about picking the lowest spread you see on a page. It is about matching your trading style to how the account is priced, which platforms it supports, what markets you can trade, and how you plan to fund the account. XS organizes its live trading accounts into clear groups, each built around a specific cost structure and trader profile. XS also supports multiple deposit channels, with defined minimums, maximums, processing times, and accepted base currencies for funding.
How XS structures account types
XS places account types into three main groups:
- Preferred account types
- Professional account types
- Partner-focused special account types
XS also lists dedicated copy trading account types that are separate from the standard live trading structures.
Each group changes the key variables that drive Forex trading cost and execution behavior:
- Spread level (the bid/ask difference)
- Commission model (commission-free or raw spread plus commission)
- Minimum deposit rules (no minimum deposit versus defined minimum deposit)
- Platform availability (MT4, MT5, or MT5 only)
- Market access (currencies only versus multi-asset access like metals, indices, energy, crypto, futures, and shares)
Preferred account types at XS
Preferred accounts are positioned as the most common choices and are listed as having no minimum deposit requirement. These accounts use a commission-free model and show an average EURUSD spread figure to help you compare cost across accounts.
Standard Account
The XS Standard Account is built as a general-purpose Forex trading account for traders who want broad market access without commissions.
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 1.1
- Commissions: none
- Instruments: currencies, metals, crypto, energy, indices, futures, shares
- Minimum deposit: no minimum deposit
What this means in real trading: You pay trading cost through the spread, not a separate commission line. This setup is straightforward for cost tracking because the spread is visible in the platform, and the trade cost is embedded in the bid/ask pricing.
Cent Account
The Cent Account is built around cent lot sizing and is listed as MT5-based.
Key conditions:
- Trading platform: MT5
- Average spread (EURUSD): 1.1
- Commissions: none
- Instruments: currencies and metals
- Minimum deposit: no minimum deposit
Why cent accounts matter for Forex: cent lots allow smaller position sizing and smaller currency exposure per pip movement. That makes it easier to test execution quality, spreads, and risk controls with lower cash exposure.
Micro Account
The Micro Account is built around micro lot sizing and is also MT5-based.
Key conditions:
- Trading platform: MT5
- Average spread (EURUSD): 1.1
- Commissions: none
- Instruments: currencies, metals, energy, indices
- Minimum deposit: no minimum deposit
Micro accounts are often used by traders who want smaller contract sizing than a standard lot structure, but who still want multi-market access beyond currency pairs.
Professional account types at XS
Professional accounts are listed as suitable for experienced traders who want minimum trading costs. In this group, XS provides both commission-free pricing and raw spread pricing with commissions, plus defined minimum deposit thresholds for certain accounts.
Pro Account
The Pro Account is the professional commission-free account with reduced spread levels.
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 0.7
- Commissions: none
- Instruments: currencies, metals, crypto, energy, indices, futures, shares
- Minimum deposit: USD 500
How to interpret this for Forex cost: the spread is narrower than the Standard Account’s average figure, and there is no commission. For traders who place many trades, a lower spread can reduce total cost over time, especially for intraday strategies.
Elite Account
The Elite Account is a raw spread plus commission structure. It lists a very low average EURUSD spread and a defined commission rule.
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 0.1
- Commission: USD 6 round turn
- Commission charging rule: the total round turn commission is charged fully at position opening
- Instruments: currencies, metals, crypto, energy, indices, futures
- Minimum deposit: USD 500
This structure is built for traders who want tight pricing. The key is understanding “raw spread plus commission” correctly: the spread is low, but you pay a separate commission. The Elite Account gives you both numbers up front so you can compute full trading cost instead of focusing on spread alone.
VIP Account
The VIP Account is also raw spread plus commission. The account lists MT5 as the platform and provides a minimum deposit requirement.
Key conditions:
- Trading platform: MT5
- Average spread (EURUSD): 0.1
- Commissions: charged
- Commission charging rule: the total round turn commission is charged fully at position opening
- Instruments: currencies, metals, crypto, energy, indices, shares, futures
- Minimum deposit: USD 100,000
The VIP Account is structured for high-volume profiles where pricing terms include commissions and low average spreads, and where the entry threshold is higher than the other account groups.
Partner-focused special account types at XS
XS lists partner special account types designed for partners who prefer to receive high rebates in exchange for value-added services provided to clients. These accounts show their own pricing structure, platform access, and market list, and they are listed as having no minimum deposit requirement.
Classic Account
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 1.6
- Commissions: none
- Instruments: currencies, metals, crypto, energy, indices, futures
- Minimum deposit: no minimum deposit
This account sits between the Standard-style spread levels and the Extra account’s higher spread figure, while keeping commission-free pricing.
Extra Account
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 2.1
- Commissions: none
- Instruments: currencies, metals, crypto, energy, indices, futures
- Minimum deposit: no minimum deposit
This is the widest average spread figure among the partner special accounts listed in the same table, while keeping the zero-commission structure.
Plus Account
The Plus Account is the partner special raw spread style account with a listed commission range.
Key conditions:
- Trading platform: MT4 and MT5
- Average spread (EURUSD): 0.1
- Commissions: USD 10, USD 15, USD 20 (round turn)
- Commission charging rule: the total round turn commission is charged fully at position opening
- Instruments: currencies, metals, crypto, energy, indices, futures
- Minimum deposit: no minimum deposit
This account is the clearest example of why traders must evaluate total cost instead of spread only. It pairs very low average spreads with a defined commission schedule.
Copy trading account types at XS
XS lists two copy trading account types, each MT5-based, with spreads and a limited instrument set focused on currencies and precious metals.
Copy Standard
Key conditions:
- Trading platform: MT5
- Average spread (EURUSD): 1.1
- Commissions: none
- Instruments: currencies, metals (Gold and Silver)
Copy Pro
Key conditions:
- Trading platform: MT5
- Average spread (EURUSD): 0.7
- Commissions: none
- Instruments: currencies, metals (Gold and Silver)
Copy trading account types are designed around the mechanics of copying positions rather than manual multi-asset trading. The instrument list is narrower than the Standard and Pro live accounts.
Understanding spreads and commissions the right way
When traders compare account types, the biggest mistake is comparing spreads without integrating commission into the cost calculation.
Use these rules:
- If the account is commission-free, your trading cost is mainly the spread (plus any swap or admin charge that applies to overnight positions).
- If the account uses raw spreads with commissions, your trading cost is the spread plus the commission for the trade size you place.
XS provides clear examples of both models:
- Standard and Pro: commission-free with an average EURUSD spread figure.
- Elite and Plus: raw spread style with an average EURUSD spread figure plus explicit round-turn commission schedules, charged fully at opening.
For active Forex trading styles—scalping, high-frequency intraday trading, and short-hold strategies—pricing structure changes the cost profile of every trade. That is why the account choice is not cosmetic.
Platform support across account types
Platform access matters because it decides which tools, plugins, and execution interface you use.
Across the account tables:
- Many accounts support both MT4 and MT5, including Standard, Pro, Elite, and the partner special accounts.
- Some accounts are MT5-only, such as Cent, Micro, and the copy trading accounts.
- VIP is listed as MT5.
If you rely on MT4-specific indicators or expert advisors, accounts that support MT4 keep that workflow available. If your trading is built around MT5 features like expanded market depth handling, more order types depending on broker setup, and newer strategy tester tooling, MT5-only accounts fit that preference.
Leverage structure that interacts with account selection
XS offers lot-based dynamic leverage up to 1:2000 on major assets, with leverage adapting to the number of lots on open positions and decreasing as position size increases.
Why this matters for Forex account choice:
- High leverage expands the amount of exposure you can control with a smaller margin deposit.
- Dynamic leverage means the leverage you receive changes as your exposure grows, so margin requirements increase as position size rises.
This is not a marketing detail. It affects margin planning, trade sizing, and how quickly you approach stop-out thresholds during volatility.
XS fund deposit methods
Account types define how you trade. Deposit methods define how you fund and maintain margin. XS supports multiple funding channels and provides a funding-method table that includes minimum deposit amounts, maximum deposit amounts, processing times, and accepted base currencies for each method.
XS also states that deposits are accepted via bank transfers, Visa and MasterCard, Skrill, Neteller, online banking, and local payment solutions based on the client’s country of residence.
Deposit methods, limits, processing times, and currencies
XS lists the following deposit methods with defined parameters:
Bank transfer
- Minimum deposit: from USD 300
- Maximum deposit: unlimited
- Processing time: 1–7 working days
- Accepted currencies: EUR, USD, GBP
This method suits traders who fund larger balances and want bank-to-broker transfer routing. It is not instant, so it does not fit last-minute margin top-ups during fast markets.
Visa and MasterCard
- Minimum deposit: USD 20
- Maximum deposit: USD 25,000
- Processing time: instant
- Accepted currencies: EUR, USD, GBP
Card deposits are built for speed. They are commonly used when a trader needs margin added quickly to avoid unnecessary position closures during volatility.
Skrill
- Minimum deposit: USD 15
- Maximum deposit: USD 15,000 (or equivalent)
- Processing time: instant
- Accepted currencies: EUR, USD, GBP
Skrill is an e-wallet method with fast processing and clear limits. It is commonly used for traders who prefer wallet-based funding rather than card rails.
Neteller
- Minimum deposit: USD 15
- Maximum deposit: USD 15,000 (or equivalent)
- Processing time: instant
- Accepted currencies: EUR, USD, GBP
Neteller follows the same structure as Skrill in the XS funding table: low minimum, defined maximum, and instant processing.
Online banking and local payment solutions
XS states that online banking and local payment solutions are available depending on the country of residence.
This point matters for international Forex traders because it means the funding menu is not identical for every country. XS ties some payment availability to residency-based routing.
How to think about deposit method choice for Forex trading
Deposit method selection is not only about convenience. It affects:
- How fast you can add margin during drawdowns
- How predictably you can replenish the account after withdrawals
- Whether your funding method supports the base currency you want
- Whether your deposit method fits the deposit amount you plan to send
Use the XS funding table as a practical filter:
- If you need instant margin funding, card and e-wallet methods are listed as instant.
- If you want unlimited maximum deposit size, bank transfer is listed with an unlimited maximum.
- If your deposit is small, the lowest minimums are on Skrill and Neteller, followed by cards, then bank transfer.
This is how to align funding with real trading behavior, not just payment preference.
Account type and deposit method pairing that makes sense
Here are common pairings that match how traders typically operate inside Forex accounts, using the actual XS structures:
Standard, Cent, and Micro accounts with flexible funding
These accounts have no minimum deposit requirement and are often funded in smaller increments.
- Standard: broader instrument access and MT4/MT5 support.
- Cent and Micro: MT5-based with smaller contract sizing structures.
For these accounts, card and e-wallet deposits match the pattern of gradual funding and quick margin top-ups, while bank transfer fits planned funding rather than urgent margin needs.
Pro account with active trading funding behavior
The Pro Account has a defined minimum deposit and a reduced average EURUSD spread figure without commissions.
Traders who choose Pro often trade more frequently than Standard-only users, so funding speed matters during volatility. Instant deposit methods support that style.
Elite and Plus accounts for spread-and-commission traders
Elite and Plus accounts are for traders who evaluate total transaction cost precisely: spread plus commission.
- Elite: USD 6 round turn, charged fully at opening.
- Plus: USD 10, USD 15, USD 20 round turn, charged fully at opening.
Traders using these accounts often fund enough margin to absorb volatility without repeated deposits. That makes bank transfer and larger planned deposits more common, while instant methods remain useful when margin must be added quickly.
A practical summary of XS account types
If you want a clean “at a glance” view, here is what XS account types are built to do:
- Standard: multi-asset access, MT4/MT5, commission-free, average EURUSD spread listed as 1.1.
- Cent: MT5, commission-free, average EURUSD spread listed as 1.1, instruments focused on currencies and metals.
- Micro: MT5, commission-free, average EURUSD spread listed as 1.1, access to currencies and selected CFDs (metals, energy, indices).
- Pro: MT4/MT5, commission-free, lower average EURUSD spread listed as 0.7, minimum deposit USD 500.
- Elite: MT4/MT5, raw spread style, average EURUSD spread listed as 0.1, USD 6 round turn commission charged fully at opening, minimum deposit USD 500.
- VIP: MT5, raw spread style, average EURUSD spread listed as 0.1, commission charged fully at opening, minimum deposit USD 100,000.
- Classic, Extra, Plus: partner special accounts with their own spread and commission structures, MT4/MT5 support, and no minimum deposit requirement in the table.
- Copy Standard, Copy Pro: MT5 copy trading accounts with spreads listed as 1.1 and 0.7 and an instrument list limited to currencies and gold/silver.
- Bank transfer: from USD 300, unlimited maximum, 1–7 working days, EUR/USD/GBP.
- Visa and MasterCard: USD 20 minimum, USD 25,000 maximum, instant, EUR/USD/GBP.
- Skrill: USD 15 minimum, USD 15,000 maximum (or equivalent), instant, EUR/USD/GBP.
- Neteller: USD 15 minimum, USD 15,000 maximum (or equivalent), instant, EUR/USD/GBP.
- Online banking and local payment solutions: available depending on country of residence.
XS account selection is a pricing decision first and a platform decision second. If you trade Forex actively, you must choose between commission-free pricing (Standard, Pro, Cent, Micro) and raw spread plus commission pricing (Elite, VIP, Plus). XS makes these structures explicit by listing average EURUSD spreads, platform availability, instrument access, and commission rules.
Funding should match how you manage margin. XS lists instant funding through cards and e-wallets with defined deposit limits, and bank transfer funding with a higher minimum, unlimited maximum, and longer processing time.
Updated by FXBonus
Please check XS official website or contact the customer support with regard to the latest information and more accurate details.
Please click "Introduction of XS", if you want to know the details and the company information of XS.
Deriv 
AdroFX 
FXGlory 
XM 
FXPRIMUS 
