Forex XS Broker Review

Performance Matrix

Main Score & Risk Matrix

#764

Score

6.1

Average

XS is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

License 6.3

Business 5.6

Risk Control 5.9

Software 6.6

Regulatory 6.1

Terminal Snapshot

XS Trading Conditions

Registered Region Mauritius

Operating Period 2-5 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@xs.com

Contact Number +2484323314

Website xs.com

Balanced Review

Pros & Cons

Pros

Regulated by ASIC and CySEC
Diverse range of trading instruments including forex, CFDs, and cryptocurrencies
User-friendly trading platforms: MetaTrader 4 and MetaTrader 5
Multiple account types catering to different trader needs
Strong customer support available via email, live chat, and phone

Cons

Not regulated in major jurisdictions like the US
Limited educational resources for traders
Some account types incur commissions
Potential withdrawal fees for certain methods
High spreads on some trading instruments

Compliance Desk

Regulatory Licenses

9.2/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	XS	KCM Trade	MH Markets	AvaTrade
Operating Period	2-5 years	See review	See review	See review
Region	Mauritius	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	6.1/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does XS Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Retail Account	Beginners	User-friendly interface, low minimum deposit	Suitable for small-capital practice
Professional Account	Experienced Traders	Low spreads, high leverage	Requires trading volume qualifications
Corporate Account	Corporate Clients	Customized services, multi-user access	Requires corporate documentation
Islamic Account	Traders needing Sharia compliance	Swap-free trading options	Available for all trader levels
Demo Account	New Traders	Practice trading without risk	No minimum deposit required

Account Opening Process

To open an account with XS, follow these steps: First, submit your personal information, including your name, contact details, and date of birth. Next, provide employment and financial information to assess your trading background. Identity verification is required, which includes submitting a form of ID and proof of address. After completing these steps, you can enjoy the flexibility of upgrading to a professional account later if your trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	0.8	$0	Tight spreads for major pairs
CFDs (Stocks, Indices)	1.5	$3 per lot	Competitive pricing for CFDs
Cryptocurrencies	1.0%	0.1%	Variable depending on volatility

Other Fees

Additional fees may include deposit and withdrawal fees, inactivity fees for dormant accounts, and platform usage fees if applicable. Overnight interest (swap rates) may apply for holding positions overnight, and currency conversion fees might be incurred when trading in different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

XS is positioned as a competitive option for traders seeking balanced trading conditions, recognizable market access, and a score profile that sits above many mid-tier competitors.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

XS User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

20%

3 star

60%

2 star

12%

1 star

4%

Michael Thompson

Sydney, Australia

★ ★ ★ ★ ★

I’ve been trading with XS for a few months now and I’m impressed with their platform. The execution speed is great, and I appreciate the variety of trading instruments available. The customer support has been responsive whenever I’ve had questions. My only concern is the complexity of the account types, which can be a bit overwhelming for new traders.

Sarah Johnson

Cape Town, South Africa

★ ★ ★ ★ ★

XS has really exceeded my expectations! The user-friendly interface of MetaTrader 4 and 5 makes trading easy for someone like me who is still learning. I also love the low spreads on major forex pairs. Customer service has been fantastic, always available and helpful. I feel secure trading here knowing they are regulated by ASIC and CySEC.

David Lee

London, UK

★ ★ ★ ★ ★

My experience with XS has been frustrating. I faced issues with withdrawals that took much longer than expected. Additionally, the customer support has been slow to respond when I raised concerns about my account. I hope they can improve on these aspects soon, as the trading platform itself is decent.

Emily Roberts

Toronto, Canada

★ ★ ★ ★ ★

I had a very disappointing experience with XS. I found their support team unhelpful when I encountered problems with my account. To make matters worse, my withdrawal request took over a week to process. I do not recommend this broker based on my experience.

Mauritius Market