This guide explains how platform choice changes Forex trading at XS, compares MT4 and MT5 by trading style, clarifies desktop vs web vs mobile roles, and shows how TradingView analysis and cTrader-style execution preferences map into a MetaTrader-based XS setup.
Trading Platform Options of XS (MT4, MT5, cTrader or TradingView) Table of Contents
- What “platform choice” changes in Forex trading
- XS platform lineup in plain terms
- MT4 at XS: why it still matters for Forex
- MT5 at XS: the modern MetaTrader option
- Desktop vs web vs mobile on XS MetaTrader platforms
- XS app as an additional platform-style option
- How TradingView fits into an XS trading workflow
- How cTrader compares, and why many Forex traders like it
- Choosing between MT4 and MT5 at XS for common Forex styles
- A simple setup path for XS platform access
- XS account types for Forex trading
- Preferred account types
- Professional account types
- Copy trading account types
- How to choose the right XS account type for Forex
- How to open an XS account
- Information you need to provide when opening an XS account
- KYC documents required for XS account verification
- Opening demo accounts at XS
- Managing multiple accounts and changing account types
- Practical setup tips after your XS account is approved
Retail Forex trading is not just “buy” and “sell.” Your platform decides how fast you can place orders, how clearly you can see price structure, how easily you can manage risk, and whether you can automate parts of your workflow. XS provides platform access through MetaTrader 4 (MT4) and MetaTrader 5 (MT5), including desktop, web, and mobile versions. In the wider Forex industry, two other platform families are often compared with MetaTrader: cTrader and TradingView. Even when you execute trades on MT4 or MT5, it’s still useful to understand what cTrader and TradingView are built to do, because many traders base their platform preferences on those strengths.
What “platform choice” changes in Forex trading
A Forex trading platform is your execution and decision layer. The same broker can feel completely different depending on the platform you use because platforms differ in:
- Order placement speed and workflow (one-click panels, hotkeys, order tickets, partial closes)
- Order types (market, limit, stop, stop-limit, trailing stop behavior)
- Charting depth (timeframes, drawing tools, indicator library, multi-chart layouts)
- Automation (robot support, backtesting, optimization, scripting language)
- Monitoring (alerts, push notifications, watchlists, templates)
- Device flexibility (desktop vs web vs mobile consistency)
If you trade Forex actively, these differences show up every day: how fast you can hedge a spike, how cleanly you can move a stop loss, how you track several currency pairs at once, and how you test a strategy before you put real margin at risk.
XS platform lineup in plain terms
XS supports two execution platforms for live trading:
- MT4
- MT5
Each is provided in multiple formats (desktop, web, and mobile). XS also offers its own XS mobile app for trading and account access, which functions as a broker-branded platform option for traders who prefer a simplified interface on phones.
MT4 at XS: why it still matters for Forex
MT4 is still widely used in Forex because it is focused, lightweight, and built around the way retail FX trading works: currency pairs, CFDs, hedging-style position management, and quick order handling.
MT4 strengths for Forex traders
Efficient manual execution
MT4’s order ticket and trade tab are designed for fast placement and simple management. For many traders, this makes it a natural fit for day trading and short-term Forex strategies.
Indicator ecosystem and templates
MT4 has a huge library of indicators and chart templates. Traders who use classic technical analysis—moving averages, RSI, MACD, Bollinger Bands, support/resistance tools—can build a consistent workspace quickly and keep it stable across sessions.
Expert Advisors and MQL4 automation
MT4 supports automated trading using Expert Advisors (EAs) written in MQL4. This matters if your Forex approach relies on rule-based execution: time filters, volatility conditions, grid logic, or trade management that moves stops and partial closes without manual clicks.
Order management basics that cover most Forex use cases
MT4 supports market orders and pending orders, and it includes standard risk tools such as stop loss, take profit, and trailing stop. For many Forex traders, that set is enough.
Where MT4 is most effective
MT4 is typically the better fit when:
- Your trading is Forex-first (majors, minors, and common FX CFDs)
- You already rely on an MT4 EA or indicator set
- You prefer a platform that stays consistent and simple
- You want a familiar environment for discretionary technical trading
MT4 limits you should understand
MT4 can do a lot, but it is not designed around advanced multi-asset features. If your trading includes broader CFD coverage with deeper native tools, MT5 tends to be more suitable.
Also, MT4 web and mobile versions are excellent for monitoring and manual order placement, but desktop is where the platform is strongest—especially when you use custom tools and automation.
MT5 at XS: the modern MetaTrader option
MT5 is the newer MetaTrader platform and is built as a broader multi-asset terminal. For Forex traders, MT5 can feel like MT4 with extra depth: more tools, more flexibility in charting, more built-in features for analysis, and stronger infrastructure for automation.
MT5 strengths for Forex traders
More charting capacity
MT5 offers more timeframes and a more expanded charting environment than MT4. If your Forex approach uses multi-timeframe structure (for example: higher timeframe trend + lower timeframe entry), MT5 makes that workflow smoother.
More order types and market microstructure tools
MT5 adds additional order functionality beyond the MT4 set. It also includes Market Depth (order book style views), which is useful when you want a clearer picture of pricing layers on instruments where depth is provided.
Built-in economic calendar
MT5 includes an economic calendar feature that supports news awareness directly in the platform. For Forex, this is practical: high-impact releases often change spreads, liquidity, and short-term volatility.
MQL5 automation and stronger testing
MT5 automation uses MQL5, and the strategy tester is generally more advanced than MT4’s tester, especially when you work with more complex logic or want broader optimization tools.
Account logic supports hedging and netting models
MT5 supports both hedging-style position tracking and netting-style position accounting (depending on the broker setup and account configuration). For Forex traders who hedge or run multiple entries in the same pair, the hedging model is typically the key behavior they care about.
Where MT5 is most effective
MT5 is typically the better fit when:
- You want a platform built for multi-asset CFD workflows alongside Forex
- You rely on deeper charting and more built-in tools
- You want stronger automation development and testing tools
- You manage multiple positions and want cleaner portfolio-level organization
Desktop vs web vs mobile on XS MetaTrader platforms
XS supports MetaTrader access across desktop, web, and mobile. Each format has a clear role in a Forex workflow.
Desktop terminals: primary trading and automation
For most serious Forex traders, desktop remains the main terminal because:
- Charting layouts are more flexible
- Custom indicators and EAs are easier to manage
- You can run multiple charts and profiles smoothly
- Automation runs reliably when paired with stable connectivity
If you use EAs or scripts, desktop is the natural home base.
Web traders: quick access without installation
MT4 Web and MT5 Web are useful when you need access from a computer where you can’t install software. Web terminals are mainly built for:
- Logging in fast
- Watching charts and quotes
- Placing and managing manual trades
- Monitoring positions and modifying stops/targets
For automation and heavy customization, desktop remains the stronger option.
Mobile apps: monitoring, alerts, and quick trade actions
MT4 iOS/Android and MT5 iOS/Android are practical for:
- Checking open trades and margin
- Adjusting stop loss and take profit
- Opening or closing positions quickly when needed
- Using basic charting and indicators on the move
Mobile trading is most effective when it complements a desktop plan: you analyze and structure on desktop, then use mobile for supervision and urgent trade management.
XS app as an additional platform-style option
XS also offers a broker-branded mobile app that focuses on fast access to trading, watchlists, and account functions. For traders who want a simpler interface than MetaTrader on phones, a broker app can be more direct: fewer menus, cleaner navigation, and easier account overview.
In practice, this style of app is commonly used in two ways:
- As a monitoring and quick-action tool alongside MT4/MT5
- As a primary mobile platform for traders who keep strategies simple and manual
How TradingView fits into an XS trading workflow
TradingView is widely used in Forex because it is a strong charting and analysis environment with cloud layouts, alerts, and scripting through Pine Script. TradingView is often the platform traders use for analysis—even if they execute trades elsewhere.
TradingView strengths that matter for Forex
Charting and layout speed
TradingView is built around fast chart interaction, multi-chart layouts, and clean drawing tools. For price action traders, this makes routine tasks—marking zones, tracking structure, comparing pairs—very efficient.
Alerts that run in the cloud
TradingView alerts are a major practical advantage. You can set alerts on price levels, indicator conditions, or custom script logic, then receive notifications without keeping a desktop terminal open.
Strategy testing via tools like Bar Replay
TradingView includes features that allow simulated review of historical price movement so you can rehearse entries and exits visually. This supports skill-building for discretionary Forex trading, especially for traders learning structure and timing.
Pine Script indicators and strategies
Pine Script allows custom indicators and strategy logic. Even if you don’t auto-execute trades, custom scripts can help you standardize your signal conditions across many FX pairs.
Using TradingView with MT4/MT5 at XS
A common workflow is:
- Use TradingView for analysis and alerts
- Execute trades on XS through MT4 or MT5
- Manage risk and open positions in MetaTrader (stops, targets, partial closes if used)
To keep this smooth, traders typically keep symbol naming consistent (for example, EURUSD vs EUR/USD naming differences) and focus on price levels and structure rather than expecting a one-button link between platforms.
How cTrader compares, and why many Forex traders like it
cTrader is a platform family built around a modern interface, fast order entry, and strong transparency tools such as Depth of Market (DOM). It is popular with many FX traders who prefer an execution-focused design and advanced order handling.
cTrader strengths that matter for Forex
Depth of Market views
cTrader emphasizes DOM tools that show liquidity layers and allow fast order placement using DOM panels. This style is attractive to scalpers and traders who focus on short-term execution.
Clean trade management
cTrader’s interface design is built to reduce friction: quick trade panels, clear position views, and a modern layout that many traders find easier than classic MetaTrader layouts.
Automation in C#
cTrader supports automation through a C#-based environment (often referred to as cTrader Automate). Traders who already code in C# sometimes prefer this structure over MQL.
What it means for XS traders
XS provides execution through MT4 and MT5. If you are coming from cTrader, the practical decision becomes: which MetaTrader terminal matches your priorities?
- If you care most about execution panels and fast manual order flow, MT4 can feel lighter and quicker.
- If you want more built-in tools and deeper platform features, MT5 often provides the closest “modern platform” feel inside the MetaTrader family.
- If your workflow depends on DOM-style views, MT5’s market depth tools can help cover part of that need, depending on instrument support.
Choosing between MT4 and MT5 at XS for common Forex styles
Here’s a practical way to choose.
If you are a discretionary Forex trader (charts + manual execution)
- Choose MT4 if you want a simple, stable terminal built around classic Forex workflows.
- Choose MT5 if you want deeper charting tools, more platform features, and a broader multi-asset feel.
If you scalp or trade very short-term
- MT4 is often favored for a lightweight feel and fast routine clicks.
- MT5 is strong when you rely on more built-in tools and want a more detailed platform environment.
Your edge in scalping depends more on spreads, execution quality, and discipline than on the platform alone, but platform workflow still affects how cleanly you place and manage risk.
If you use automation (EAs, scripts, systematic trading)
- Choose MT4 if your strategy stack is already built in MQL4 and you rely on a specific EA ecosystem.
- Choose MT5 if you want MQL5 development and more advanced testing tools.
If you trade more than Forex pairs
Even if your main focus is Forex, many traders add indices, metals, energy CFDs, or crypto CFDs as secondary markets. MT5 is typically the smoother “one terminal for more markets” choice.
A simple setup path for XS platform access
A clean platform setup reduces mistakes in Forex trading because most costly errors happen in routine steps: wrong symbol, wrong lot size, wrong stop placement, wrong server.
A practical setup sequence is:
- Install or open your chosen platform format (desktop, web, or mobile)
- Use “Login with existing account”
- In the broker search field, use the XS server naming shown in the MetaTrader search list (XS uses XS Fintech branding in that search)
- Select the correct server for your account
- Confirm your watchlist contains the Forex pairs you trade most
- Set default charts and risk tools (templates, one-click trading settings, or trade panel preferences)
- Test your order process on a demo environment before using live margin
XS supports MT4 and MT5 as its main trading platforms, with desktop, web, and mobile access, plus the broker’s own XS mobile app for traders who prefer a simplified phone-first interface. MT4 is the focused, classic Forex terminal with a huge EA and indicator ecosystem. MT5 adds a deeper toolset: expanded charting, additional order functionality, market depth features, an economic calendar, and a more advanced automation environment.
cTrader and TradingView are important reference points in Forex platform discussions because they represent two popular directions: cTrader for execution-first design and DOM tools, and TradingView for charting, alerts, and script-driven analysis. Even when you execute through MT4 or MT5 at XS, those tools can still shape your workflow—TradingView for analysis and alerts, MetaTrader for execution and trade management.
XS account types for Forex trading
When you open a Forex trading account, you are not only choosing a broker. You are choosing a pricing model, a trading platform, a set of margin rules, and the contract size you will trade. XS organizes its live trading accounts into groups that match how different traders approach Forex: smaller trade sizing, simple spread-only pricing, tighter spread structures, and commission-based pricing for cost-focused trading.
XS offers these account groups:
- Preferred account types: Standard, Cent, Micro
- Professional account types: Pro, Elite, VIP
- Copy trading account types: Copy Standard, Copy Pro
XS also allows multiple accounts per account type and platform, so you can separate strategies (for example, one Forex account for discretionary trading and another for automated trading).
Preferred account types
Preferred accounts are designed around straightforward access to Forex and other CFD markets, with conditions that support learning, regular trading, and strategy testing.
Standard account
The Standard account is built for traders who want a simple cost structure: spread-only pricing with no commission. It is available on both MT4 and MT5, which matters if you want to run MT4 Expert Advisors or you prefer MT5’s expanded market access.
Key Standard account specifications
- Minimum deposit requirement: none
- Platforms: MT4 and MT5
- Maximum number of accounts: up to 10 per platform for this account type
- Demo accounts: available
- Base currencies: USD, EUR, JPY
- Products (MT4): currencies, metals, crypto, energies, indices
- Products (MT5): currencies, metals, crypto, energies, indices, futures, shares
- Average spread (EURUSD): 1.1
- Commissions: none
- Swap-free option: available
- Stop level: 0
- Contract size: Standard (100,000)
- Minimum trade volume: 0.01 lot
- Maximum leverage: 1:2000
- Margin call level: 40%
- Stop out level: 20%
- Hedged margin: 0
What this means for Forex traders
- If you want simple fee math, the Standard account keeps trading costs inside the spread.
- A minimum trade size of 0.01 lot supports controlled position sizing.
- The margin call and stop out levels define how XS manages risk when your equity drops relative to margin used.
- A stop level of 0 means orders are not restricted by a minimum distance rule at the stop-level layer.
Cent account
The Cent account is designed for very small trade sizing and smaller balance units. The account balance is displayed in cents, and transactions are handled in cents. This structure helps new Forex traders practice execution, risk control, and trade management while keeping position sizing small.
Key Cent account characteristics
- Platform access: MT5
- The account balance is denominated and displayed in cents
- No commission pricing structure
- Average spread (EURUSD): 1.1
How Cent accounts help in Forex learning
- You can practice entries, exits, stop-loss placement, and risk limits with smaller trade units.
- You can test a strategy in live-market conditions without needing large trade sizes.
Micro account
The Micro account is designed for traders who want micro-lot trading units, with smaller contract sizing than a standard Forex lot. It is available on MT5 and is specifically built around micro contract sizing.
Key Micro account specifications
- Minimum deposit requirement: none
- Platform: MT5
- Maximum number of accounts: up to 10 for this account type
- Demo accounts: not available for this account type
- Base currency: USD
- Products: currencies, metals, energy, indices
- Average spread (EURUSD): 1.1
- Commissions: none
- Swap-free option: available
- Stop level: 0
- Contract size: Micro 1,000 USD
- Minimum trade volume: 0.1 lot
- Maximum leverage: 1:1000
- Margin call level: 40%
- Stop out level: 10%
- Hedged margin: 0
What Micro contract sizing changes in Forex
- With a micro contract size, your pip value and margin impact are smaller than a standard lot.
- A maximum leverage of 1:1000 is available on this account type, but leverage increases both flexibility and risk.
- The stop out level is set at 10%, which is a stricter threshold than accounts using a 20% stop out level.
Professional account types
Professional accounts focus on pricing efficiency and market access features that matter to active traders, high-frequency styles, and cost-sensitive Forex strategies.
Pro account
The Pro account is structured for traders who want tighter spreads than a typical spread-only account while still paying no commission. It is available on MT4 and MT5 and supports a wide product range.
Key Pro account specifications
- Minimum deposit: 500
- Platforms: MT4 and MT5
- Maximum number of accounts: up to 10 per platform for this account type
- Demo accounts: available
- Base currencies: USD, EUR, JPY
- Products (MT4): currencies, metals, crypto, energies, indices
- Products (MT5): currencies, metals, crypto, energies, indices, futures, shares
- Average spread (EURUSD): 0.7
- Commissions: none
- Swap-free option: available
- Stop level: 0
- Contract size: Standard (100,000)
- Minimum trade volume: 0.01 lot
- Maximum leverage: 1:2000
- Margin call level: 40%
- Stop out level: 20%
- Hedged margin: 0
Why Pro pricing matters for Forex
- A tighter average spread on EURUSD lowers total trading cost for frequent trading styles.
- No commission keeps the cost structure simple while still targeting lower spreads than a standard spread-only account.
Elite account
The Elite account uses a raw spread plus commission structure. This model is often chosen by cost-focused Forex traders because spreads can be tighter, and the commission is explicit and predictable per trade.
Key Elite account specifications
- Minimum deposit: 500
- Platforms: MT4 and MT5
- Maximum number of accounts: up to 10 per platform for this account type
- Demo accounts: available
- Base currencies: USD, EUR, JPY
- Products (MT4): currencies, metals, crypto, energies, indices
- Products (MT5): currencies, metals, crypto, energies, indices, futures
- Average spread (EURUSD): 0.1
- Commissions: 6$ round turn
- Swap-free option: available
- Stop level: 0
- Contract size: Standard (100,000)
- Minimum trade volume: 0.01 lot
- Maximum leverage: 1:2000
- Margin call level: 40%
- Stop out level: 20%
- Hedged margin: 0
- Commission charging rule: the full round turn commission is charged at position opening
How to think about Elite costs in Forex
- Your effective cost is the spread plus the commission.
- Because the full round turn commission is charged at entry, your initial cost is fully applied when you open the trade. This affects short-term trading where traders monitor breakeven levels closely.
VIP account
The VIP account is designed for high-volume trading and uses MT5. It combines very low spreads with a commission-based structure and a higher minimum deposit threshold than other account types.
Key VIP account specifications
- Minimum deposit: 100000
- Platform: MT5
- Maximum number of accounts: up to 10 for this account type
- Demo accounts: available
- Base currencies: USD, EUR, JPY
- Products: currencies, metals, crypto, energies, indices, futures, shares
- Average spread (EURUSD): 0.1
- Commissions: yes
Who typically uses VIP conditions
- Traders running larger ticket sizes, high monthly volume, or multiple active Forex strategies who want a spread structure built for tight pricing and commission-based cost accounting.
Copy trading account types
XS provides account types designed specifically for copy trading. These accounts are intended for traders who want trade execution to follow a selected strategy provider rather than placing every Forex order manually.
- Copy Standard account type: MT5, average spread (EURUSD) 1.1
- Copy Pro account type: available as a dedicated copy trading account type
How to choose the right XS account type for Forex
Choosing the right account is about matching three things: trade size, pricing model, and platform needs.
If you want the simplest Forex cost structure
Use a spread-only account where the cost is embedded in the bid/ask spread:
- Standard account
- Pro account (tighter average spread than Standard)
If you want explicit, trackable costs for active Forex trading
Use a raw-spread model with a defined commission:
- Elite account
- VIP account (commission-based, higher minimum deposit)
If you want smaller trade sizing
Use a structure built around smaller trade units:
- Cent account for cent-denominated balances
- Micro account for micro contract sizing
If you need a specific platform
- MT4 access: Standard, Pro, Elite
- MT5 access: Standard, Cent, Micro, Pro, Elite, VIP, copy trading account types
How to open an XS account
Opening an XS account follows a defined registration and verification flow. The process includes registration, email verification, completing an application questionnaire, and submitting KYC documentation.
Account registration and verification steps
- Go to the XS website and select “Register.”
- Complete the registration form.
- Verify your email address.
- Fill out the application form (questionnaire).
- Submit the required KYC documents: proof of identity and proof of residence.
Information you need to provide when opening an XS account
XS requires personal and identity information as part of onboarding and verification. You should have your identity and residence documents ready, because verification requires both proof of identity and proof of residence.
KYC documents required for XS account verification
XS requires:
Proof of identity
The proof of identity document must:
- Be in color and valid
- Clearly show your full name
- Show your date of birth
- Include expiry and issue information
- Show all four edges of the document
- Be issued by a government body or a recognized institution
Common proof of identity documents include a passport, national ID card, driver’s license, or residence permit.
Proof of residence
Proof of residence confirms your current address. XS accepts standard address evidence used in financial account verification, where the document shows your name and residential address and meets typical compliance requirements.
Opening demo accounts at XS
XS offers demo accounts for multiple account types. Demo accounts use virtual funds while keeping platform functionality, including technical indicators.
Key demo account rules:
- Demo accounts are available with multiple account types.
- You can open up to 10 new demo accounts for each account type per platform.
Managing multiple accounts and changing account types
XS does not convert an existing trading account from one account type to another. If you want a different account type, you open a new trading account using the account type you want.
Key rule:
- You can open up to 10 new live accounts for each account type per platform.
This is practical for Forex traders who separate strategies by risk profile, instrument set, or execution style.
Practical setup tips after your XS account is approved
Once your account is verified and your trading account is created:
- Choose the platform version that matches your strategy (MT4 or MT5).
- Confirm the account’s pricing model: spread-only or raw spread plus commission.
- Set position sizing rules based on contract size and minimum trade volume.
- Use margin call and stop out levels as hard risk boundaries, not suggestions.
- If you use a swap-free option, apply it at the account level where it is available.
XS account types are built around clear Forex trading profiles:
- Standard: spread-only pricing, MT4/MT5 access, broad market coverage, no minimum deposit requirement
- Cent: cent-based balance structure on MT5 for small-unit trading and learning
- Micro: micro contract sizing on MT5, no minimum deposit requirement, defined leverage and risk thresholds
- Pro: tighter spread-only model with no commissions, MT4/MT5 access, strong fit for frequent Forex trading
- Elite: raw spread plus commission with very low average EURUSD spreads and a defined commission model
- VIP: MT5 commission-based structure with very low average EURUSD spreads and a higher minimum deposit requirement
- Copy trading account types: dedicated account structures for copying trades on MT5
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.
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