XS.com XS Online Trading

Such a versatile broekr XS is!1 There are literally choices in every aspect! For instance I can trade in eight different markets with eight different accounts! Tsi is something i have never seen before. However, it has to be said that more basic accounts are very constrained in terms of tradable assets, And I get it for the Cent acc. Beginners usually don’t need many markets to familiarize themselves with the trading. But Standard MT4 acc only has 5: Currencies, Metals, Crypto, Energies, Indices. I would real;y like to have futures for example.

Used this broker for some time and I think I ve seen both good and not so good sides here. The pluses of trading via XS include havign lots of trading assets, interesting options on account types. Also, there is a feaure of PAMM account - surely an advantage. However, hard not to mention minuses too. Spreads on fx majors are not so low tbh. Yes on Elite account they can be tight, but then commissions kick in. Swaps on stocks are pretty high too. These aint make trading cost-effective. And then this dynamic leverage, why not having a fixed one... But customer support is responsive.

The very first thing that left a positive impression on me was its robust regulation. That is the first thing I check with every broker that I consider trading with. XS excels in this regard, having operational licences from some of the most respected regulatory authorities, such as Cysec and ASIC. This instils confidence and you can be at peace of mind without worrying that you will be dealing with some shady broker. Regarding the trading terms, XS has created an interesting concept of providing many account types that have slightly different trading conditions. It is helpful since they can provide an almost tailored solution depending on your trading style and strategy. I opted for the PRO account. The depo requirement was reasonable and the spreads were much better than the standard.

I don't want to exclude that this broker has room for improvement. Nonetheless, it seems to me it does its best to please traders embedding as many new functions as possible. For instance, for me, their prepaid xs mastercard with the custom app was a kind of discovery. It's a truly convenient way to manage funds on the platform, they are credited instantaneously, at least I noticed no drastic latencies. As a cherry on the top, they have implemented dynamic leverage, and it is also interesting. I was trading with fixed leverage, but after trading here, I understood - it's better.

One of the most mesmerizing features of this platform - leverage. It varies across different assets. Even if the broker offers 1:500 leverage for trading forex pairs (major, minor, exotic), it still has some limitations on some crosses, which can be potentially dangerous for newcomers. Cryptos are confined by 1:20 and that's awesome, cuz rookies are so adventurous that sometimes they open position with a greater exposure that they can afford with their basic capital, and, obviously, often it leads to bad repercussions. =O I also endorse these guys for their brave move - development of their own web trader. Majority of brokers are afraid of creating their own web traders, cause they are always eclipsed by MT software. But XS are sure in the performance of their web-based terminal.

I apreciate the absence of the minimum deposit on the most part of the account types. It allowed me to porperly test the execution of the broker. Since my trading strategy is very sensible to the swiftness of execution. I must say that XS passed the test successfully. I can’t tell the exact number in miliseconds but it was noticeably different that at my previous borker that’s for sure. Crypto leverage could be bigger I guess. Some coins are impossible to trade due to this and their high price.

This broker has many interesting features. For instance, their xs prepaid mastercard is so useful. I can literally take a trade outside and pay for my coffee out of my profits immediatly with my card or withdraw money straight from ATM. Furthermore, they have 5 regulations making them reliable place to hold my funds. Customer service is fast and welcoming as well. The only catch i figured out is the limited investing instruments, add more of them, please.