Trading has become an increasingly popular activity for anyone who wants to build wealth. You can now easily trade any asset you’d like, from stocks and bonds to commodities and metals, as long as you have a mobile device and a good Internet connection. However, the lower barriers to entry when it comes to trading don’t equal success. Whether your trading journey is profitable or not will depend greatly on your skills and knowledge, the strategies you adopt, and the trading platform you end up choosing. This last aspect is often overlooked, but it is genuinely important, as the characteristics of the trading platform can make or break your entire trading experience.
When using a trading platform, it is always essential to conduct detailed research, especially in today’s landscape, where sophisticated trading scams occur on a daily basis. One of the biggest players in the trading scene is XS.com, which has raised a lot of attention ever since its inception. If you’re wondering whether this broker is trustworthy, you’ve come to the right place, as below, we provide a comprehensive review of XS to help you determine whether it can provide a smooth trading experience.
What is XS?
The XS Group, or XS, as it is most commonly known, is a global multi-asset broker that offers a variety of financial products for trading. XS.com was founded over a decade ago in Australia and has evolved tremendously since then, becoming a global market leader in the FinTech and online trading industry.
The broker’s mission is to provide traders with the necessary tools and knowledge so they can navigate the dynamic trading world with ease and have an enjoyable experience. XS stands out through its commitment to excellence and brings its expertise to traders, offering resources ranging from the best trading strategies and market analysis to risk management.
What kinds of assets can you trade on XS.com?
XS offers different trading instruments that cater to every trader’s needs and preferences, allowing them to choose as they see fit. These instruments represent CFDs spread across different asset classes as follows:
- Forex: Forex trading is one of XS Group’s essential offerings. The broker provides access to different currency pairs, ranging from major and minor pairs to exotic pairs.
- Shares: XS Group also enables clients to trade shares of major companies across the world.
- Commodities: XS.com offers a diverse selection of commodities, such as coffee, cocoa, corn, soybeans, wheat, and copper.
- Indices: If you’re looking for access to global indices that represent leading stock markets, XS offers popular indices, including DAX 30, S&P 500, Nikkei 225, and FTSE 100.
- Futures: XS Group offers access to different futures contracts across currencies, commodities, indices, and other asset classes.
- Energies: Under this asset class, you can trade CFDs on natural gas, crude oil, and other energy assets of your choice.
- Metals: When choosing XS.com as your trading platform, you gain access to a range of metals, meaning you can trade CFDs on silver, gold, platinum, and other metals.
- Cryptocurrencies: Last but not least, the broker also allows you to trade in popular crypto assets such as Ethereum, Bitcoin, and Litecoin.
What are the key characteristics of XS?
When choosing a trading platform, an important thing to do is to check its characteristics, as they will impact your trading experience. Here are some of the reasons why XS stands out as a reliable broker:
- User-friendly interface. One of XS’ standout features is its user-friendly interface. The platform was created to be easy to navigate for users, even those who are new to trading. When logging in to the platform, you will notice that everything is laid out effectively, you can find buttons easily, and the design is straightforward. This simplicity helps users get comfortable with the platform, ensuring they can quickly find important information such as their recent trades or account balance. Furthermore, XS makes complex data easy to understand through graphs and charts, allowing you to focus on trading without getting overwhelmed by all the technical details.
- Fast execution. Fast execution is another characteristic of XS, ensuring that whenever you place a trade, it is processed as quickly as possible, which is particularly important for active traders who make trades in a short time. It is no secret that slow execution can lead to less favorable prices as well as missed trading opportunities, but this isn’t something you must worry about when choosing a broker like XS, as your trades will be completed efficiently and at the best possible rates.
- Top-notch security. XS prioritizes security, so the team continuously invests in the infrastructure and uses advanced security protocols to ensure the best possible security standards and safeguard clients’ funds. Not only does the platform employ data encryption, but it also remains vigilant towards any suspicious activity, taking immediate action if any unusual behavior is detected.
- Advanced trading tools. XS provides a range of advanced trading tools that can support users’ decision-making processes. For example, real-time charts can display up-to-the-minute information about the assets’ prices, allowing traders to spot trends and make wise moves accordingly. Technical indicators are another useful feature, helping traders predict future price movements. XS offers different indicators, such as RSI, relative strength index, and moving averages, which traders can customize to fit their unique trading strategy.
Is XS.com regulated?
Considering the growing number of scams that happen on fraudulent trading platforms, it is paramount to check the legality of a broker when assessing its reliability.
There’s no need to mention that you should only choose a broker that adheres to the regulations and requirements set by reputable financial jurisdictions. The good news is that the XS Group is always striving to comply with the international regulatory guidelines, and they hold different regulatory licenses, such as:
- Australian Securities and Investments Commission (ASIC), license number 374409;
- Financial Services Authority of Seychelles (FSA), license number SD089;
- Cyprus Securities and Exchange Commission (CySEC), license number 412/22;
- South African Financial Sector Conduct Authority (FSCA), license number 53199;
- Labuan Financial Services Authority (LFSA) in Malaysia, license number MB/21/0081;
All these regulations make XS.com a secure trading environment for everyone who wants to have a smooth trading journey and ensure that they are always protected.
Final verdict
If you’re looking for a broker that puts security at the forefront of their operations and has a variety of offerings, XS Group is the best choice for you, as it is reliable and committed to quality service. Given that the trading landscape is moving at such a fast pace, having a partner like XS.com by your side can be a real game-changer for your trading experience.
