XS Forex broker review — Everything you need to know

XS Group is a multinational Fintech and financial services provider with group and strategic alliance entities regulated and authorized in various jurisdictions around the globe. In other words, it is a well-regulated forex and CFDs broker offering access to diverse markets on advanced trading platforms. The broker offers a diverse range of account types, allowing traders to select the one that best suits their trading style and experience.

XS Overview of the website

The website of XS is professionally built, offering a simple user experience with a straightforward interface, yet a functional approach. There are no unnecessary media or colors presented, and the website feels fast and responsive. All important information is transparently provided on the website, which is critical to learn about the broker’s trading services.

When it comes to additional features, there is a live chat plugin directly built inside the main page, enabling users to access customer support nearly instantly. This is a convenient feature that makes traders’ lives easier.

In the end, XS offers a professional website and discloses important conditions about its service, which is important in this sector.

XS Safety Policies and Licenses

XS group is a company that operates through multinational fintech entities, and most of them are regulated by the corresponding authorities where these entities offer services. Here are all the entities and regulators:

• XS Ltd – The Financial Services Authority of Seychelles (FSA) with license number: (SD089)
• XS Prime Ltd – the Australian Securities and Investments Commission (ASIC) with license number: (374409)
• XS Markets Ltd – the Cyprus Securities and Exchange Commission (CySEC) with license number: (412/22)
• XS Finance Ltd – the Labuan Financial Services Authority (LFSA) in Malaysia with license number: MB/21/0081
• XS ZA (Pty) Ltd – South African Financial Sector Conduct Authority (FSCA) with license number: 53199
• XS Trade Services Ltd – the Mauritius Financial Services Commission of Mauritius (FSC) with license number: GB25204786
• XS Online – the regulatory authorities in the State of Kuwait, with license number: 786/2024
• XSTrade Financial Consultation L.L.C – UAE Securities and Commodities Authority (‘SCA’) under license No. number: 20200000339
• XS (LC) LTD – the laws of Saint Lucia under registration number: 2025-00114 (authorized)
• XS Ltd – the laws of Saint Vincent and the Grenadines under registration number: 27216 BC 2025

As we can see, the broker is very well-regulated, overseen in 10 different jurisdictions, meaning this broker should be legitimate.

However, there were some negative comments about withdrawal issues and large slippages, meaning even with these many licenses, XS’s reliability and service quality are under very serious concerns.

Fund segregation is offered because the broker holds multiple licenses, and all regulators require them to keep trader funds as segregated accounts.

XS says it applies negative balance protection, meaning you shouldn’t be required to pay losses beyond your deposited funds.

XS Accounts Reviewed

XS offers a multitude of trading accounts, which are described on its main page, and traders can also navigate to the account type page and find out details there. There are Cent, Micro, Standard, Pro, and Elite accounts. Let’s briefly review each of them below to evaluate how competitive the broker’s offerings truly are.

XS Cent Account

The cent account is for traders who are trading with a low budget, and it offers the following conditions:

• Trading platform – MT5 only
• Minimum deposit – No minimum deposit
• Maximum leverage – 1:1000
• Spreads – From 1.1 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

XS Micro Account

The Micro account is like a cent account, but the standard lot size is 100,000 units. Here are its trading specs:

• Trading platform – MT5 only
• Minimum deposit – No minimum deposit
• Maximum leverage – 1:1000
• Spreads – From 1.1 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

XS Standard Account

• Trading platform – MT4 & MT5
• Minimum deposit – No minimum deposit
• Maximum leverage – 1:2000
• Spreads – From 1.1 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

XS Pro Account

• Trading platform – MT4 & MT5
• Minimum deposit – 500 USD
• Maximum leverage – 1:2000
• Spreads – From 0.7 pips
• Commissions – 0 USD
• Minimum lot size – 0.01 lots

XS Elite Account

• Trading platform – MT4 & MT5
• Minimum deposit – 500 USD
• Maximum leverage – 1:2000
• Spreads – From 0.0 pips
• Commissions – 3 USD per side per lot
• Minimum lot size – 0.01 lots

As we can see, the broker seems very competitive and even attractive on many of its accounts, but trader complaints about it being a scam broker make these good conditions on paper very questionable.

Deposit and withdrawal options at XS

XS allows traders to use diverse payment methods, such as Bank transfer, bank cards (Visa & MasterCard), Skrill, and Neteller. The broker promises instant processing times for deposits but does not disclose exact fees, if there are any. Also, while there are no requirements for minimum deposits, all payment options require at least 15 USD as a minimum transfer, meaning the minimum deposit you can make starts from 15 dollars on most payment options.

When it comes to profit withdrawal processing times, the broker promises instant Neteller withdrawals, same-day Skrill withdrawals, while wire and bank cards have 1-7 business days.

Overall, both deposits and especially withdrawals seem very attractive on paper.

XS Assets — What can you trade?

XS is a multi-asset forex broker as it enables access to forex pairs, commodities, indices, stocks, and crypto pairs. Many of these instruments are offered as CFDs, but there are spot instruments available as well, providing traders with a flexible choice. Trading conditions, together with the leverage, are very competitive, allowing traders to trade at low cost with up to 1:2000 leverage. There is a negative balance protection offered to ensure you won’t become liable in case you misuse leverage and blow up an account.

Trading platforms of XS

The broker enables access to the two most popular advanced trading platforms, MetaTrader 4 and MetaTrader 5. Both of these platforms are very capable and support custom indicators and Expert Advisors (EAs) for both manual and automated trading. The broker does not prohibit traders from using any of those advanced tools.

Mobile trading is available via mobile app versions of these apps available on all mobile devices, including iOS and Android.

Education at XS

The broker offers plenty of educational resources. It offers trading courses, educational articles, media, and plenty of tools. Among market analysis tools, there are AI Tools, Currency Converter, Economic Calendar, All-in-One (AIO) Calculator, Margin Calculator, Swap Calculator, and Pip Calculator. There is also a trading blog available, which is flexible. Traders can also access expert educators if needed.

Overall, XS offers more than enough educational resources, and its experience truly shows in this aspect. As an additional feature, XS provides traders with a branded prepaid Mastercard along with a mobile app that allows them to transfer funds from their XS wallet to their card directly, and vice versa.

XS Customer Support

XS provides 24/7 assistance via email, live chat, and phone support channels. This is flexible, and traders can select the preferred contact mode to resolve issues. The availability of phone support options is especially appreciated as it enables traders to contact the broker even when there is an internet issue.

XS is a multilingual broker as it offers its website and support in multiple languages, enabling global access.

XS bonuses and promotions

The broker offers several promotional events, including Demo Contests, VIP Program, and XS Trading Miles. Demo contests are available in many different countries, like Kuwait, Phillipines, and many more, and traders should monitor the schedule to sign up at the correct one.

The XS VIP Program is a loyalty initiative designed to recognize and reward its most active and loyal traders with exclusive rewards, privileges, and benefits.

XS Trading Miles is a loyalty program that rewards traders for trading and loyalty. They can receive XS miles on every trade, move up tiers to enjoy more benefits, and redeem miles for withdrawable cash rewards. However, traders should take into account that all of these loyalty programs have conditions and requirements, and traders must read those first.

Is XS your broker? Final verdict

XS Group is a multi-asset forex and CFDs broker with a multitude of licenses enabling it to provide trading services across the globe. On paper, it offers competitive trading conditions, high leverage, diverse account types, MT4/MT5 support, and strong educational tools. But there were several complaints about scammers and unreliable brokers. While we can not verify whether these claims are legit, it is still advisable to exercise caution when dealing with this broker.

FAQs on XS broker

Where is XS based?

XS operates globally through multiple regulated entities across Europe, Australia, Africa, Asia, and offshore jurisdictions.

Can you withdraw from XS?

Yes, withdrawals are supported, but user feedback reports delays and issues; testing with small amounts is strongly recommended.