With a sea of forex (FX) brokers that take pride in offering all sorts of perks, unshakeable security, unparalleled features, the best UX, and other similar promises, how will you confidently go for one? At first glance, one of the world’s most veritable and used platforms, XS.com, seems to be going the extra mile for customers’ sensitive data and financial security. Moving forward, the forex broker shows how it covers all the bases, from money management to insurance coverage to unmatched trading opportunities.
Given the provider’s 14-year legacy and the wide range of tradeable assets offered, going beyond forex and ranging from stocks to cryptos, it’s safe to say that creating an account on this website may tempt you one day. Trading with similar assets is one of the hottest methods to make some passive revenue today. Let’s break down XS’s offerings to illuminate the most important aspects that should be at the top of your mind when choosing an FX broker to whom you can entrust your money.
XS Offerings and listings
XS, a broker dating back to 2010 whose activity began in Australia, managed to rise to international prominence and become one of the global market leaders whose expansion only rises. The provider’s dedication to the customers served exceeds expectations, whether you look at the range of products offered, security tools employed, and so on. For instance, the provider asserts the features offered make trading a breeze for any investor, be they unskillful, rookies, convinced connoisseurs, or simply traders looking to level up their game.
XS provides CFDs for more than 40 currency pairs, cryptos, futures, indices, equities, commodities, and so on to suit each trading and investment need.
XS Authority and compliance
The importance of choosing a broker in forex, whose legality, authority, and compliance with rules and regulations are incontestable, is to not be undermined. This is one of the main departure points when sorting through the sea of brokers, in which XS assures customers of their registration with numerous prominent agencies in worldwide jurisdictions.
XS Ltd, for instance, is supervised by the Financial Services Authority of Seychelles and complies with the country’s laws, as it does in South Africa, where the respective identity, XS ZA (Pty) Ltd, is governed by the FSCA. XS Prime LTD follows Australia’s laws and complies with the Australian Securities and Investments Commission rules. Similarly, the country’s Financial Services Authority regulates XS Finance Ltd, working in Labuan. Lastly, the Cyprus Securities and Exchange Commission controls XS Markets Ltd.
Regulatory control protects against harm from potential budget—and identity-wrecking accidents and ensures a level of trustworthiness that’s essential when entrusting your money to any financial agency.
XS Insurance coverage
Regardless of the currency you want to trade and the market you’re going for, choosing a broker with insurance coverage will have you assured knowing that your investments are safeguarded if the company encounters financial struggles, bankruptcy, costly cyberattacks, or simply malfeasance that affects you in any way. What established XS as a leading broker for more than forex trading is its commitment to protecting customers from such incommensurable disasters, keeping to the Civil Liability Insurance Program endorsed by Lloyd’s of London, and compensating for losses up to $5MN caused by negligence, scams, security breaches, and a few other instances.
Relying on Lloyd’s 330-year experience, XS continuously improves customer retention rates, offering users superior protection backed by some of the world’s leading financial institutions.
XS Next-lev security
Your security should be ensured on all fronts, not only when your money is involved. FX brokers’ rise to prominence and popularity among all types of investors opens the door for hackers and scammers to use their skills, meaning that scrutinizing XS’s security system and framework has to be foremost in your thoughts.
XS takes pride in using numerous cutting-edge security procedures to safeguard clients’ financial and personal information, including 2-step verification processes, robust digital controls, encryption protocols protecting data from unlawful access, and frequent external audits to keep all the systems updated and secure. The forex broker employs more techniques, yet simply coming across a company that lists similar feats isn’t enough. XS uses a segregation approach and collaborates with superior financial institutions, ensuring that your funds are separated from the broker’s operational funds and protected even if the company ever struggles financially.
As the broker suggests and proves, all these tools must be efficiently employed across all apps and websites to guarantee safe environments regardless of the channels you use from the supplier.
XS Trust and transparency
It’s one thing to make compelling claims and another to provide evidence. Since the market abounds with forex brokerage services, your preferred service’s transparency and trust built with customers should be at the top of your mind. XS.com offers in-depth regulatory details within client agreements, demonstrates how their operations are scrutinized, sheds light on their processes, and keeps interested parties up-to-date with past, current, and future ambitions and steps to meet their goals. Moreover, the website’s displayed risk warning emphasizes acknowledging the risks associated with forex trading and making unrushed decisions.
As with relationships, the instilled confidence and trust hint at future experiences, justifying why XS prioritizes developing these areas and why you should take these aspects as seriously.
XS Preeminent features
XS.com offers a range of first-rate features, including tailorable charts, tech indicators, live market data, and leading-edge trading platforms and websites. With superior trading conditions aimed at accommodating traders of all experiences and offering the best experience possible, the broker consistently improves the services offered to keep up with changing customer behaviors and stay untouched by the ever-changing cybersecurity threats.
A notable element is XS’s dynamic leverage approach that mechanically adjusts to the user’s trading positions, having designed the mechanism to cut the maximum leverage as the trading volume/instrument rises. The uppermost dynamic leverage provided stands at 1:2000 and applies for various assets and account types, calculating leverage for each specific asset while the user holds multiple positions.
Clients are spoilt for choice.
At first glance, there are enough account types to cater to any forex trader’s needs: cent, standard, micro, pro, VIP, elite, classic, extra, or plus accounts. Users can invest through multiple funding options, including prepaid MasterCard, Visa, and so on, starting with as little as $5 and allowing anyone to get direct and on-budget insights into the FX broker’s offerings. What feat has intrigued you the most?
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