How to open XS Trading Account | Forex Account Types and Deposit Methods
Comparison of XS’s Forex trading account types, deposit methods, sign-up procedure and more. Start your trading journey from here!
What is XS?
XS is a global trading platform known for its ultra-low spreads, diverse asset range, and swift trade executions. They provide a straightforward registration process, dependable funding methods, and are regulated stringently.
XS offers various account types to suit different traders:
- ELITE (RAW) Account:
- Premium, with spreads from 0.0 pips and a $1,000 deposit. Leverage up to 1:500.
- STANDARD Account:
- Spreads from 0.9 pips, no commission, and no minimum deposit.
- CLASSIC Account:
- Traditional trading with spreads from 1.4 pips and no commission.
- PLUS Account:
- Balanced, with spreads from 1.9 pips and no commission.
Their platforms, including MetaTrader 4 & 5, XS Web Trader, and XS Trader Mobile App, are versatile for both desktop and mobile trading. Traders can explore assets like forex, share CFDs, indices, metals, commodities, and cryptocurrency CFDs.
Leverage varies per asset, from 1:500 for forex to more conservative levels for cryptocurrencies. XS prioritizes fund safety, adhering to AML regulations, and partners with top banks to ensure investment security.
In essence, XS stands out as a reliable and versatile platform for global trading.
XS is a premier trading platform that facilitates access to the global markets, offering competitive advantages such as ultra-low spreads and a diverse range of assets to choose from.
Why Choose XS?
- Global Market Leader: Regarded as a reputable, leading institution, XS paves the way for seamless trading experiences.
- Uncomplicated Registration: The sign-up process with XS is both quick and straightforward.
- Swift & Trustworthy Funding: Rest assured, with XS, you get rapid and reliable funding methods for a hassle-free trading experience.
- Optimized Trade Execution: Benefit from high-speed and transparent trade executions, ensuring that you’re always ahead of the curve.
- Regulated & Secure: Being a global broker, XS operates under multiple regulatory frameworks, guaranteeing security and trustworthiness.
- Diverse Asset Portfolio: With XS, traders can deal with multiple asset classes, all from a single, consolidated account.
- Exceptional Customer Support: With a multilingual customer support team at your disposal, all your queries and concerns are addressed promptly and professionally.
Account Types: Customized to Your Needs
XS acknowledges that traders have diverse needs. Hence, it offers a multitude of account types, each tailored to cater to various trading strategies. Whether you’re a novice or a seasoned professional, XS ensures you receive top-tier technology and deep institutional liquidity.
Account Types | ELITE (RAW) | STANDARD | CLASSIC | PLUS |
---|---|---|---|---|
Trading Platform | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 | MT4 and MT5 |
Spreads from (pips) | 0.0 | 0.9 | 1.4 | 1.9 |
Commission (per lot) | $6 | $0 (No) | $0 (No) | $0 (No) |
Starting Deposit (USD) | $1,000 | $0 (No) | $0 (No) | $0 (No) |
Max Leverage | 500 | 500 | 500 | 500 |
Stop-out Level | 20% | 20% | 20% | 20% |
Micro Lot (0.01) | YES | YES | YES | YES |
Max # of orders | 100 | 100 | 100 | 100 |
Trading Styles Allowed | All | All | All | All |
Asset Classes | All | All | All | All |
Sign Up | Open ELITE (RAW) Account | Open STANDARD Account | Open CLASSIC Account | Open PLUS Account |
The trading world is as diverse as the individuals that constitute it. Recognizing this multifaceted landscape, XS has introduced a suite of account types, ensuring every trader—whether a beginner or a seasoned expert—has access to the latest in trading technology and robust institutional liquidity. Let’s explore deeper into these offerings.
1. ELITE (RAW) Account: The Premium Experience
For those who seek an edge in their trading, the ELITE (RAW) account offers the rawest spreads starting from 0.0 pips. This premium account, accessible via the MT4 and MT5 platforms, charges a commission of $6 per lot. With an entry threshold of a $1,000 USD deposit, traders can leverage up to 500 times their capital. The stop-out level is set at 20%, and traders can place up to 100 orders. All trading styles and asset classes are welcomed.
2. STANDARD Account: Balance and Versatility
The STANDARD account, available on both MT4 and MT5 platforms, boasts spreads from 0.9 pips. Trading on this account is commission-free, and there’s no minimum deposit, making it a versatile choice for many. Like the ELITE account, leverage of up to 500 is available, with the stop-out level at 20%. Traders can execute up to 100 orders and explore any trading style or asset class.
3. CLASSIC Account: Traditional and Reliable
A nod to the traditional trading style, the CLASSIC account on MT4 and MT5 platforms provides spreads from 1.4 pips. There’s no commission to worry about, nor is there a minimum deposit. Traders can leverage positions up to 500 times and maintain trades until the stop-out level of 20% is reached. With the ability to place up to 100 orders and no restrictions on trading styles or asset classes, it’s a reliable choice for many.
4. PLUS Account: The Balanced Approach
The PLUS account, also available on both the MT4 and MT5 platforms, offers a harmonious trading experience with spreads starting from 1.9 pips. Trading is commission-free, and there’s no initial deposit requirement. Offering a maximum leverage of 500 and a stop-out level at 20%, it accommodates up to 100 orders. Traders have the freedom to adopt any trading strategy and explore all asset classes.
XS’s varied account types cater to the unique needs and strategies of every trader. This tailored approach ensures traders can find a platform aligned with their objectives and financial considerations. As always, it’s essential to assess personal financial situations and, if needed, seek expert advice before finalizing an account choice.
Trading From Everywhere: XS’s Advanced Platforms
Harness the power of XS’s advanced trading platforms, designed with state-of-the-art tools and features, making global trading literally at your fingertips. Whether you’re on your desktop or on the move, XS ensures a seamless trading experience.
Broaden Your Horizons: Asset Classes at XS
- Forex Trading:
- Delve into the world of foreign exchange and capitalize on the world’s most traded currencies. With XS, you can tap into the forex market’s high volatility and liquidity.
- Share CFD Trading:
- XS allows you to engage in CFD trading on globally recognized companies, enabling you to buy and sell shares without actual ownership.
- Indices Trading:
- Get a holistic view of the market by trading Indices CFDs. XS offers exposure to the world’s major stock market indices, letting you speculate on market movements with ease.
- Metals Trading:
- Diversify your portfolio by trading in metal CFDs like gold, silver, and more. Understand the market dynamics that influence these precious metals’ prices.
- Energy Products Trading:
- With XS, you can venture into the energy sector, trading CFDs on popular products such as Brent and WTI.
- Commodities Trading:
- Soft commodities, including agricultural products, are within your reach with XS. Understand the market dynamics influencing their prices and trade confidently.
- Cryptocurrency CFDs Trading:
- Embrace the future by trading in popular cryptocurrencies using CFDs. XS ensures you understand the intricacies and volatilities associated with these digital assets.
Understanding Leverage and Margin at XS
Leverage enables traders to open larger positions with a smaller capital outlay. XS provides various leverage options depending on the asset class, ensuring traders have ample opportunities while understanding the associated risks. Additionally, XS’s margin call policy ensures traders are aware of their account health, preventing unnecessary losses.
In the world of trading, leverage plays a pivotal role in enabling traders to magnify potential returns by controlling a position of larger value using a smaller amount of capital. A clear comprehension of leverage, paired with knowledge about margin requirements, is imperative to effective risk management. This understanding aids traders in evading unnecessary margin calls which arise when a position is closed due to inadequate margin in the account. Let’s unpack the leverage offerings of XS and their implications.
1. Currencies
For most foreign exchange pairs, XS provides a substantial 1:500 leverage. This means, theoretically, with $1, a trader could control a position worth $500. However, specific currencies have different margin requirements:
- CHF, DKK, and CZK crosses: Leverage is capped at 1:200.
- CNH, TRY, BRL, & MXN crosses: A maximum leverage of 1:100 applies.
- RUB crosses: The leverage is set at a much more conservative 1:20.
2. Metals
The world of precious metals trading with XS offers varied leverage:
- Gold: Enjoy up to 1:200 leverage.
- Silver: The leverage stands at 1:100.
- Platinum and Palladium: These metals come with a leverage of 1:50.
3. Energy
For energy commodities, the leverage is defined as:
WTI, Brent, Natural Gas: Traders can harness a 1:100 leverage.
4. Major Indices
XS offers the following for major indices:
US500, DE40, AUS200, F40, JP225, UK100, US100, US30: Each of these can be traded with a leverage of 1:100.
5. Minor Indices
For lesser-traded indices:
ES35, HONGKONG50: A 1:50 leverage is provided.
6. Commodities
When trading non-energy commodities:
COPPER, COCOA, COFFEE, COTTON, SUGAR, CORN, SOYBEAN, WHEAT: A consistent leverage of 1:50 is applicable.
7. Shares
XS offers an impressive range of over 1000 shares from leading global markets, including the US, the UK, Germany, France, and Hong Kong. The leverage for all these shares stands at 1:50.
8. Cryptocurrencies
In the dynamic world of cryptocurrency:
BTCUSD, ZECUSD, XMRUSD, TRXUSD, OMGUSD, NEOUSD, EOSUSD, XRPUSD, LTCUSD, ETHUSD, BCHUSD: All these cryptocurrencies can be traded with a leverage of 1:20.
Leverage is a powerful tool that, when used judiciously and combined with a solid understanding of margin requirements, can enhance a trader’s potential returns. XS’s offerings in this domain cater to the varied needs of traders, ensuring flexibility and options tailored to different assets. As always, while leverage can amplify potential profits, it also increases potential losses. Thus, traders should always employ sound risk management practices.
Superior Trading Platforms at XS
- MetaTrader 4 & 5:
- These are globally recognized trading platforms, with XS providing a seamless integration. With user-friendly interfaces, real-time market analysis tools, and automated trading capabilities, both MT4 and MT5 are favorites among traders.
- XS Web Trader:
- Experience a smooth trading journey with XS’s web-based platform. It’s feature-rich, user-friendly, and doesn’t require any downloads.
- XS Trader Mobile App:
- For those always on the move, XS’s mobile app ensures you never miss out on a trading opportunity.
Funding and Safety of Funds with XS
XS emphasizes the security of funds. With a strict adherence to AML regulations, segregation of client and company funds, and collaboration with major banks, XS ensures your investments are safe and sound.
Funding Options | Min Deposit | Max Deposit | Processing time | Accepted Currencies |
---|---|---|---|---|
Bank Transfer | From $200 | Unlimited | 1-7 working Days | EUR, USD |
Visa & MasterCard | $50 | $5,000 | Instant | EUR, USD |
Skrill | $15 | $15,000 or equivalent | Instant | EUR, USD |
Neteller | $15 | $15,000 or equivalent | Instant | EUR, USD |
Klarna | $15 | $5,000 | Up to 1 business day | EUR, GBP, PLN and CZK |
Giropay | $15 | $5,000 | Up to 1 business day | EUR |
Conclusion
XS encapsulates everything a modern trader seeks. With its extensive asset classes, cutting-edge platforms, and unwavering emphasis on user security, it stands as a beacon for those venturing into the world of global trading. Register with XS and embark on a transformative trading journey today.
FAQs to summarize the article
- What is XS?
- XS is a global broker that offers trading on various asset classes with ultra-low spreads. They pride themselves on fast and reliable funding, high-speed trade execution, and premium multilingual customer support.
- How do I register with XS?
- XS provides a quick and easy registration process. Once registered, you can choose the account type suitable for your trading needs and strategy.
- What kind of trading platforms does XS offer?
- XS provides several trading platforms such as MetaTrader 4, MetaTrader 5, XS Web Trader, and the XS Trader Mobile App. These platforms come with features such as one-click trading, automated trading options, real-time quotes, and technical analysis tools.
- What are the benefits of Forex trading with XS?
- XS provides access to the world’s forex markets with tight spreads starting from as low as 0.0 pips. Forex trading allows traders to speculate on currency pairs benefiting from the high liquidity and volatility of the foreign exchange market.
- Can I trade shares with XS?
- Yes, with XS you can engage in share CFD trading. This allows traders to buy and sell CFDs of popular companies like Amazon, Apple, Alibaba, etc. without owning the actual shares.
- What is the leverage and margin requirement with XS?
- Leverage varies based on asset classes, ranging from 1:500 for certain currency pairs to 1:20 for cryptocurrencies. It’s crucial to understand leverage and associated risks before trading. Additionally, XS ensures traders are notified with a margin call if their account equity drops below 80% of the required margin.
- What safety measures does XS take for fund protection?
- XS prioritizes the safety of funds. They cooperate only with major banks, segregate client funds from company accounts, provide negative balance protection, and constantly monitor risks associated with their operations.
- Can I trade on the go with XS?
- Yes, XS offers a mobile app, allowing you to trade from anywhere, anytime with transparent pricing and fast execution.
- What types of commodities can I trade with XS?
- XS offers the opportunity to trade a wide range of commodities, from metals like gold and silver to energy products like WTI and Brent. You can also trade soft commodities like cotton and cocoa. Trading these commodities through CFDs allows speculators to benefit from their volatility without worrying about physical delivery and ownership.