XS Markets Is A Relatively New Brokerage Firm That Entered The Trading Scene In 20216 And Is Based In Cyprus. The Company Prides Itself On Offering A Diverse Range Of Trading Opportunities Through Contracts For Difference (CFD) Instruments. These Include Forex Contracts For Difference (CFD), Metals Contracts For Difference (CFDs), Equity Contracts For Difference (CFDs), Index Contracts For Difference (ICFDs) And Commodities Contracts For Difference (CFDs), Enabling Traders To Access A Wide Range Of Global Markets. With A High Emphasis On Regulatory Compliance, XS Markets Operates Under The Supervision Of The Cyprus Securities And Exchange Commission (cysec), Ensuring Compliance With Industry Standards And Providing Traders With A Sense Of Security.
XS Markets Caters To The Needs Of Traders With Different Levels Of Experience By Offering Two Different Account Tailored Specifically For Novice Traders, The Standard Account Offers Direct Market Access With No Commissions. The Original Account, On The Other Hand, Is Aimed At Experienced Traders Who Require Deep Liquidity And Ultra-low Spreads. Both Account Types Offer A Range Of Trading Tools, Platform Selection And Leverage Options. XS Markets Supports The Popular Trading Platforms Metatrader 4 (mt4) And Metatrader 5 (mt5), Renowned For Its Advanced Features And User-friendly Interface. This Enables Traders To Make Informed Trading Decisions And Execute Their Strategies Seamlessly.
The Broker's Commitment To Customer Support Is Evident Through A Variety Of Channels, Including Email, Phone And Live Chat. Clients Can Receive Assistance During Working Hours, Thus Fostering A Responsive And Rewarding Trading Environment. Although The Availability Of Educational Resources And Bonuses Is Not Detailed In The Information Provided, XS Markets Appears To Be Focused On Providing Traders With A Robust Platform To Explore Financial Marekt And Manage Their Investments With Confidence.
XS Markets Is A Broker Regulated By The Cyprus Securities And Exchange Commission (cysec). Its Current Status As A Regulated Entity Ensures That It Operates Under The Supervision And Regulations Stipulated By Cysec. The Broker Holds A Valid License, In Particular License Number. 412/22, Further Confirming Its Regulatory Compliance.
XS Markets Offers Traders The Advantages And Potential Disadvantages To Consider. On The Positive Side, The Brokerage Offers A Wide Selection Of Trading Instruments Covering Forex CFDs, Metals CFDs, Stocks CFDs, Index CFDs And Commodities CFDs. Its Cysec Regulations Ensure A Certain Level Of Supervision And Compliance. In Addition, The Availability Of Different Account Types Caters To Different Trading Preferences And Experience Levels, While Supporting Trading On The Metatrader 4 (mt4) And Metatrader 5 (mt5) Platforms Provides Flexibility. On The Downside, XS Markets Lacks Specific Information About Its Educational Resources, And The Lack Of Disclosed Bonuses May Deter Those Seeking Promotional Incentives
Trading Tools
XS Markets Offers A Diverse Selection Of Trading Tools That Cater To A Wide Range Of Investment Strategies. Traders Can Participate In Contracts For Difference (CFDs) Trading Across A Variety Of Asset Classes, Including, Forex CFDs, Metals CFDs, Stocks CFDs, Index CFDs, And Commodities CFDs.
The Broker Offers A Range Of Forex CFDs That Enable Traders To Participate In The Forex Market. By Selecting Major, Minor And Exotic Currency Pairs, Such As GBP/USD, AUD/CAD And NZD/USD, Traders Have The Opportunity To Take Advantage Of Global Currency Fluctuations.
In Addition To Forex, XS Markets Offers Metal CFDs, Which Allow Traders To Trade Precious Metals Such As Gold And Silver. This Provides Exposure To Dynamic Precious Metals Markets, Allowing Traders To Speculate On Price Movements Without Owning The Physical Asset.
XS Markets Also Offers Equity CFDs, Which Cover More Than 60 International Stocks. This Diversified Portfolio Includes Well-known Companies Such As Alibaba, BNP Paribas, Disney And McDonald's, Enabling Traders To Benefit From The Performance Of These Stocks Without Owning The Underlying Shares.
In Addition, The Broker Also Offers Index CFDs, Including 13 Global Indices Such As US30, FTSE100 And AUS200. Traders Can Participate In The Price Movements Of These Indices, Reflecting The Broader Performance Of A Particular Market.
Commodity CFDs Are Also Available At XS Markets, Covering 13 Commodity Futures Such As Copper, Wheat, Natural Gas, Crude Oil, Etc. This Allows Traders To Speculate On Price Fluctuations Of Basic Raw Materials.
With This Diverse Trading Tool, XS Markets Is Designed To Accommodate A Wide Range Of Trading Preferences And Strategies, Providing Traders With The Opportunity To Explore Different Market Segments And Take Advantage Of Potential Investment Prospects.
Account Types
XS Markets Offers Two Different Account Types To Meet The Different Needs And Expertise Of Traders.
1. Standard Account:
Standard Account Is Designed For Novice Traders Seeking Direct Market Access With No Complicated Commissions. Traders Using This Account Type Have Access To A Range Of Trading Tools Including Over 40 Forex Currency Pairs, 10 + Indices, 5 + Commodities And 100 + Stocks. The Account Offers Multiple Platform Options, Such As Meta Trader 4 (mt4), Meta Trader 5 (mt5) And Web Trader, Ensuring That Traders Can Choose The Interface That Best Suits Them. In Addition, The Mobile App Can Be Used To Trade Anytime, Anywhere. With A Minimum Deposit Of €200, Traders Can Start Their Journey With XS Markets. The Minimum Trade Size Of 0.01 Lots Provides Flexibility. Leverage Of Up To 1:30 Is Provided, Allowing Traders To Enlarge Their Positions. Spreads Are As Low As 0.7 Pips, And There Is No Commission. XS Markets Also Offers Islamic Account Options For Traders Who Need To Abide By Sharia Principles. The Base Currency Of The Account Is The Euro.
2. Original Account:
The RAW Account Is Aimed At Experienced Traders Who Require High Liquidity And Ultra-low Spreads. As With The Standard Account, The RAW Account Offers The Same Range Of Market Access, Including More Than 40 Forex Currency Pairs, More Than 10 Indices, More Than 5 Commodities And More Than 100 Stocks. Platform Choices Include MT4, MT5, Web Trader And Mobile Apps To Suit Traders' Preferences. The Minimum Deposit For This Account Type Is Slightly Higher At €500, With The Advantage Of Enhanced Trading Conditions. The Minimum Trade Size Remains 0.01 Lots And Leverage Up To 1:30. It Is Worth Noting That Spreads Start From An Impressively Low 0.0 Pips, Offering Highly Competitive Rates. Commission Starting At $3.00 Per Lot Per Side. Islamic Account Options Are Also Offered To Comply With Sharia Principles. As With Standard Accounts, The Base Currency Of The Account Is The Euro.
Both Account Types Provide Traders With Multiple Options To Align Their Trading Preferences And Strategies With The Features And Advantages That Best Suit Their Level Of Experience And Trading Objectives.
Leverage
XS Markets Offers Up To 1:30, Which Allows Traders To Control Larger Positions In The Market With Relatively Little Capital. Leverage Can Amplify Potential Profits And Potential Losses, Making It A Powerful Tool For Experienced Traders.
However, It Is Important To Use Leverage Cautiously As It Also Increases The Risks Associated With Trading. While Leverage Can Amplify Gains, It Can Also Lead To Significant Losses, Especially In Highly Volatile Markets. Traders Should Carefully Consider Their Own Risk Tolerance And Employ Effective Risk Management Strategies When Using Leverage. It Is Important To Note That The Leverage Offered May Vary Depending On The Trading Instrument And Regulatory Requirements.
Spreads And Commissions
XS Markets Offers Two Types Of Trading Accounts With Different Spreads And Commissions:
1. Standard Account:
- Spread: From 0.8 Pips
- Commission: None (No Commission Per $100 Traded)
2. Premium Account:
- Spread: From 0.0 Pips
- Commission: $3 Per $100 Traded
Traders Who Choose A Standard Account Can Benefit From Competitive Spreads While Avoiding Commission Fees. Premium Accounts, On The Other Hand, Offer Smaller Spreads But Require A Commission. The Choice Between These Two Account Types Depends On The Trader's Preference For Transaction Costs And Conditions
Deposit And Withdrawal Methods
XS Markets Offers A Comprehensive Range Of Deposit And Withdrawal Methods To Facilitate Seamless Trading For Clients.
Deposit: Clients Have The Flexibility To Choose From A Variety Of Financing Options. With A Minimum Deposit Of €200 For Bank Transfers, It Provides An Easy, Secure Way To Inject Funds Into An Account. Visa And MasterCard Deposit Fees Are €15 Or $15, Providing Instant Processing And Supporting Deposit Amounts Up To €5,000 Or Equivalent. Skrill, Neteller And Mifinity Are Free Options For Instant Deposits With Minimum Requirements Of €10, €10 And €15 Respectively And A Maximum Deposit Amount Of €15,000 To €2,500.
Withdrawals: The Withdrawal Process Has Been Designed For The Convenience Of The Customer. Bank Transfer Withdrawals Take 3-4 Business Days To Be Reflected In The Customer's Account. Withdrawals Via Mifinity Will Be Processed Within 1 Business Day, While Neteller And Skrill Withdrawals Are Equally Free And Take 1 Business Day To Process. Visa And MasterCard Withdrawals Require A Minimum Withdrawal Of €25 And Will Also Be Processed Within 1 Business Day.
Clients Should Be Aware That While XS Markets Itself Does Not Charge Fees For Deposits Or Withdrawals, Payment Providers May. Additionally, Processing Times For Deposits And Withdrawals Vary Depending On The Method Selected. The Availability Of Certain Payment Options May Be Limited Depending On The Country Where The Client Is Located. XS Markets Stresses The Importance Of Ensuring That All Deposits In A Trading Account Are Made From The Account Holder's Name, And That Withdrawals Can Generally Only Be Made Using The Same Method As The Original Deposit. It Is Important To Note That Requesting Withdrawals Without Any Trading Activity May Incur A Fee Of Up To 3%.
Trading Platform
XS Markets Offers Traders A Choice Of Two Popular And Highly Regarded Trading Platforms: Metatrader 4 (mt4) And Metatrader 5 (mt5). These Platforms Are Renowned In The Industry For Their Advanced Features, Ease Of Use And Comprehensive Trading Features.
MetaTrader 4 (MT4): MT4 Is A Well-known Trading Platform That Is Appreciated For Its Reliability And Versatility. It Enables Traders To Use A Wide Range Of Trading Tools, Including Forex Pairs, Commodities, Indices And Stocks. The Platform Provides Traders With Advanced Charting Tools, A Range Of Technical Indicators And Customizable Templates To Customize Their Trading Strategies. MT4 Also Supports Automated Trading Through Expert Advisors (EAs), Allowing Traders To Implement Automated Trading Strategies. MT4 Is Suitable For Traders Of All Experience Levels With Its User-friendly Interface And Real-time Market Analysis.
MetaTrader 5 (MT5): Building On The Success Of MT4, MetaTrader 5 (MT5) Introduces Enhanced Features And Expanded Functionality. MT5 Offers A Wider Range Of Market Options, Including Forex, Commodities, Indices And Stocks. The Platform Offers Advanced Charting Tools, Rich Technical Indicators, And Analytical Objects For In-depth Market Analysis. MT5 Also Boasts More Time Frames And Order Types Compared To MT4, Providing Traders With Greater Flexibility In Their Trading Strategies. In Addition, MT5 Also Includes An Economic Calendar Feature That Helps Traders Stay Informed Of Upcoming Economic Events That May Affect The Market. Similar To MT4, MT5 Supports Automated Trading Via Expert Advisor.
Both The Mt4 And Mt5 Platforms Work On A Variety Of Devices, Such As Desktop Computers, Web Browsers, And Mobile Devices. This Adaptability Enables Traders To Access Their Accounts And Manage Trades, Regardless Of Their Location And Time Zone. Through Its Comprehensive Functionality And Intuitive Interface, The Metatrader Platform Is Met By XS Markets To Meet The Diverse Needs And Preferences Of Traders.
CUSTOMER SUPPORT
XS Markets Places Great Emphasis On Providing Responsive And Comprehensive Customer Support To Its Traders, Ensuring A Seamless Trading Experience And Resolving Any Queries Or Concerns That May Arise.
Email Support: Traders Can Conveniently Contact XS Markets' Customer Support Team Via Email At Any Time. The Platform Encourages Traders To Share Their Queries, Problems Or Requests Via The Email Address Provided: [email protected]. The Channel Provides A Direct Line Of Communication For Those Who Prefer Written Communication And Can Offer Timely Assistance.
Dedicated Telephone Support: XS Markets Offers Dedicated Telephone Support To Assist Traders During Business Hours. Phone Support Services Are Available Monday To Friday From 08:00 To 18:00 GMT + 2. Traders Can Call The Provided Phone Number + 35725249600 To Get In Touch With A Customer Support Representative Who Can Provide Guidance And Resolve Any Issues.
Dedicated Live Chat: For Instant Assistance And Real-time Interaction, XS Markets Offers A Dedicated Live Chat Feature. Traders Can Interact Directly With The Customer Support Team Using The Live Chat Feature On The Platform. The Feature Is Open 24 Hours A Day, 5 Days A Week, Ensuring Traders Can Receive Prompt Assistance When Needed.
Comprehensive, XS Markets Is Committed To Providing Multiple Customer Support Channels To Meet Different Communication Preferences. Whether Via Email, Phone Or Live Chat, Traders Can Receive Timely And Knowledgeable Assistance From The XS Markets Customer Support Team, Contributing To A Positive And Well-supported Trading Journey.
