XS
4.8
4.8
Author: Kaitlyn Short
The XS Group has created an online stock trading platform, XS.com, for users to take advantage of a number of financial products from anywhere in the world. XS.com offers a global multi-asset broker service, allowing clients to purchase and sell stocks in a number of different markets. The process is simple: users can register online, fund the account, and then trade however they see fit.
Founded in 2010, XS.com has quickly become a leader in the global market dealing in FinTech, financial services, and online trading tools. The company is headquartered in Australia, but the service now has international offices all across the globe. XS.com also has licenses in a number of countries and jurisdictions on an international level. These licenses include ASIC, CySEC, and FSA.
Whether an individual, institutional investor, or a broker, XS.com offers instant and worldwide access to deep institutional liquidity. This is possible through the use of advanced trading technology available to XS.com users. Customer support is also available through XS.com if users encounter any problems; even high-level relationship management is available in some circumstances.
Top Ranked Companies
The Good
- Available Asset Markets
- Trading Accounts
- Platforms
- XS Trading Features
Available Asset Markets
When investors turn to XS.com for online stock trading, there are a number of different opportunities. Users can invest in multiple asset classes in a wide range of industries. Markets available to invest in through XS.com include the following:
- Shares
- Indices
- Metals
- Commodities
- Cryptos
- Forex
- Energies
The opportunity for investment through the XS.com platform has a greater reach than other competitors within the online trading space. There is likely an investment option for every user looking to utilize an online trading platform.
Trading Accounts
Investors are able to trade the global market with a regulated multi-asset broker through the XS.com platform. Depending on how an investor wants to go about purchasing or selling stocks, XS.com likely has a solution. Available trading practices include the following:
Account Types
- Standard
- Raw
Funding Methods
- Deposits and withdrawals
- XS aims to cooperate only with major banks.
- Clients’ funds are segregated from the bank accounts used by the company
- Negative balance protection
- Continuous monitoring and assessment of the risks associated with our operations
Leverage and Margin
- Leverage on CHF, DKK and CZK crosses will be set to Maximum 1:200
- Leverage on CNH, TRY, BRL & MXN Crosses will be set to Maximum 1:100
- Leverage on RUB Crosses will be set to Maximum 1:20
Contract Specifications
- Vary based on currency and country
Platforms
The trading platforms offered through XS.com allow for quick, easy, and automated trading capabilities reaping positive financial successes. Through XS.com users can utilize the world’s most popular forex trading platform and access accounts from anywhere at any time. Platforms available for trading include the following:
MetaTrader 4
- One-Click Trading & Trade From Charts Option
- Build And Run Your EAs & Indicators In An Easy-To-Use Interface
- More Than 50 Preinstalled Technical Indicators
- Automated Trading Allowing You To Trade The Markets 24/5 Without Any Intervention
- Multiple Chart Types & Timeframes To Chose
- Real-Time Quotes In MarketWatch
- Backtesting Capability For More Robust EAs
MetaTrader 5
- Expanded options to create technical indicators, trading robots and utility applications
- Technical analysis tools: 90 indicators and charting tools
- One-click trading and embedded news
- 6 types of pending orders
- Economic calendar
- Hedging positions
- 21 timeframes
- VPS service support
XS Web Trader
- No Downloads or Installations
- Access your account from any web browser
- Multiple Chart Types & Timeframes
- Real-Time Quotes
- Reliable, Fast, and User-Friendly
XS Mobile Trader
- Trade on the go from anywhere
- Access your accounts from your mobile
- Reliable, Fast, and User-Friendly
- Multiple Chart Types & Timeframes
- Full trading functionality
Regardless of previous experience with online trading platforms, the interface and capabilities of the XS.com platforms are easy to interact with and help investors quickly manage financial strategies.
XS Trading Features
Users that decide to utilize the XS.com platform will have access to the company’s unique set off features and competitive strategies. While not all of these features are solely available through XS.com, the presence of all of these benefits is not commonly offered through online stock trading companies. Features include the following:
- Global broker with multiple regulations
- Multiple asset classes in single account
- Multilingual customer support
- Online, quick and easy registration
- Fast and reliable funding methods
- High speed and fair execution
When investing globally, some investors run into issues with funding and customer support. XS.com has mitigated these issues by offering multiple funding methods and a robust customer support team.
The Bad
- Service Costs
- Associated Risk
Service Costs
While XS.com has disclosed the costs for different trading accounts, it has not offered up its costs for all financial services and investment opportunities available through the platform. For trading accounts, there is no commission required for a standard account, but there is a $3 cost per lot on raw accounts.
Secondly, it is unclear what other types of financial services will cost users when utilizing the XS.com platform. This makes it difficult to determine the affordability of the service as this information has not publicly been released.
Associated Risk
The associated risk of online stock trading is not unique to XS.com. There are inherent risks whenever someone makes a financial investment. There is potential for loss as none of these trades are guaranteed. Since it's the nature of the business, it is important to note that there is the potential for users of XS.com to lose money.
XS.com makes it clear from the start that there is an associated risk when using the service. The company explicitly states that “all trading involves risk [and] it is possible to lose all your capital.” Users can proceed at their own discretion.
The Bottom Line
XS.com provides online and mobile device stock trading services to those looking to diversify investments. There are a number of markets available through the XS.com platform including shared, indices, metals, energy, commodities, currencies, and crypto.
For the actual trading portion of the service, benefits and features associated with the available account types, funding methods, leverage and margin, and the contract specifications can yield positive outcomes for users. The actual technology used in the form of trading platforms through XS.com truly sets it apart from other services available within the market.
Lastly, there are a number of benefits that come with utilizing the XS.com service that are not necessarily standard offerings within the industry.
While there are a number of reasons to consider XS.com for online trading services, there are drawbacks to the platform as well. The costs, while disclosed for some products, are not readily available for all services making it difficult to determine affordability of the platform. XS.com also makes it inherently known that there is associated risk with online stock trading and users could potentially lose all capital.
Those looking for a simple and on-the-go way to engage in online trading may want to consider XS.com. The platform provides quality technology and a range of financial services and markets to invest in.
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