The Forex market is the biggest and most liquid financial market worldwide, seeing a mean of over $6TN worth of currencies being bought and sold every day across the globe. Traders worldwide open up accounts to engage in trading in the pursuit of profits, fueling fierce competition among brokers. In this competitive landscape, XS.com stands out as one of the best and most popular trading platforms. With 10 years of experience, it started in Australia offering contracts for difference (CFDs) before expanding its portfolio of services to more asset classes, including stocks, crypto, currency, commodities, indices, etc.

Traders of all skill levels flock to XS.com to leverage the heightened liquidity and capitalize on it using superior trading tools and multiple account types, among other perceived benefits. Below, we’re offering the lowdown on the features and aspects that put the platform’s offerings to the test unyieldingly so that you can kick it off with more confidence and knowledge.

Multiple account types

Account variety is among the platform’s strongest points. This model ensures that all investors, from the most passive participant to the most dedicated, “all-eyes-on” trader, have everything in place to trade exactly as they prefer. Here’s an overview of the different account categories you can test:

  • Top accounts for both beginner and seasoned traders
  • The Cent Account is perfect for rookies or traders who want to try out more strategies. It offers big trading volumes, zero minimum deposit obligation, and smaller lot sizes—all of which make this choice great for those prioritizing a low chance of loss.
  • The Standard Account provides cheap and competitive spreads, zero commissions, no minimum deposit requirement, and a variety of assets. From indices to crypto to futures, this account is perfect for veterans and newcomers alike.
  • The Micro Account is known as the beginner trader’s pick, mainly because it’s made for those looking to manage risk effectively while still trading in big volumes.
  • Professional accounts for those looking for superior trading conditions
  • The Elite Account, built for high-volume traders wanting raw trades, appeals to those looking for budget-friendly trading fees and rapid market execution. With raw spreads from 0.1 pips, a $3 commission per side, and a $500 minimum deposit requirement, this account is well-suited for traders who don’t mind paying a commission to enjoy competitive spreads.
  • The Pro Account, created for pros looking for lower spreads and quick market access, delivers spreads without any commission costs. It has a minimum deposit of $500, and will cut it for traders seeking cost-effective trading.
  • The VIP Account, built solely for high-net-worth traders, provides the added advantage of personalized trades, exclusive features, and super-low trading costs. The minimum deposit is $100,000.
  • Special accounts for partners and service providers
  • The Classic Account serves low and stable without commissions or minimum deposit conditions. This fits affiliates who seek higher rebates.
  • The Extra Account offers higher, zero-commission spreads, suiting those focusing on client services.
  • The Plus Account features raw spreads with different commission rates and is mainly used by partners desiring particular trading conditions.

XS.com Demo Account and Contests

XS Demo Account is a riskless platform built for newbies who need to familiarize themselves with forex trading. This account provides you with several tradeable assets, including Forex, indices, commodities, and cryptos.

XS Demo Account allows users to create one to ten new free demo accounts for each type, no matter the platform. These serve for testing the waters with only digital funds, exploring all the technical indicators and functionalities provided by live accounts. The platform also organizes demo contests for risk-free trading, with the chance to claim real cash rewards.

XS trading platforms

XS.com uses the world’s best and most popular trading platforms: MetaTrader 4 (MT5), employed by 85% of traders according to 2025 stats according to CompareForexBrokers, and MetaTrader 5 (MT5), the immediate contender. Using both ensures that more traders’ needs and preferences are met. For instance, MT4 is an all-time favorite thanks to its simplicity, good speed, and wide range of indicators and expert advisors. But it’s mainly designed for and used by retail CFDs and forex traders, so if you’re a newbie looking to trade currency pairs, it might be your match.

On the other hand, MT5 is the top choice among more experienced traders, supporting a multi-asset range that includes but isn’t limited to commodities, stocks, indices, cryptos, and even Forex. The more sophisticated features naturally appeal to more advanced customers. However, it can also be used, assuming your trades extend beyond Forex and you want to keep up with advances. MT5 was launched 5 years after MT4, so it’s better suited for modern devices.

In short, XS.com offers MT5 because investors want access to the entire list of tradeable asset classes—preferably in one place. A few reliable regulators encourage brokers to shift to platforms that guarantee transparency and support centralized exchanges.

XS.com copy trading platform

Copy trading gains traction among individuals with entrepreneurial flair, with a focus on beginners. This option basically copies the trades of expert traders, allowing users to step into those veterans’ shoes to better understand how trades work and how to do them correctly. This trading strategy allows you, as a copy trader, to trade automatically, avoiding the steep learning curve that comes with trading. For the rising appeal of low-effort trading, XS has invested in a few features to reduce potential risks and increase the likelihood of success, which include:

  • Live replication, allowing traders to replicate the trades of successful strategies instantly.
  • The opportunity to explore professional strategies, which allows traders to tap into seasoned participants’ expertise.
  • A focus on saving time, monitoring trades automatically so that users can step back, relaxing knowing their trades are constantly supervised.
  • XS.com makes copy trading easy and accessible for traders of all experience levels.

And the accounts available:

  • The Copy Standard option serves average spreads of 1.1 pips, a focus on metals and currencies, and zero commissions.
  • The Copy Pro alternative offers tighter spreads of 0.7 pips and zero commissions and prioritizes currencies and metals similarly.

The assurance of more regulators

XS.com serves a huge international user base located across several jurisdictions. When a brokerage company is regulated by more reliable financial authorities, like the ones supervising XS, users can rest assured that the company’s operations meet rigid financial, operational, and ethical standards. For instance, the Financial Sector Conduct Authority in South Africa guarantees fair trading for the region’s clients, while the Australian Securities and Investments Commission imposes solid capital requirements.

The following institutional authorities help secure the safety of your funds, data, and eventually, interests:

  • FSCA, the abbreviation for South Africa’s Financial Sector Conduct Authority
  • LFSA, the acronym for the Malaysian Financial Services Authority of Labuan
  • The Securities and Exchange Commission of Cyprus, abbreviated as CySEC
  • ASIC, short for the Australian Securities and Investments Commission
  • The Financial Services Authority of Seychelles, shortened to FSA.

A list of contacts for support

Understanding the importance of reliable feedback, XS.com has introduced a list of client names that interested parties can contact for more information. Moreover, if you need assistance with local help, like contacting a regional office, you can consult a customer support-focused NGO or reps from the chamber of commerce.

XS’s distinction as a globally recognized and reliable forex broker reflects its strong dedication and consistent commitment to excellence. Speaking of which:

A transparent record of awards of XS.com

XS.com has a growing collection of international recognitions and awards that demonstrate the company’s commitment to innovation, transparency, excellence, and quality. The company shares its achievements on its official website, together with insights into the contests it has entered and the meaning of each prize. This transparency assures users that XS’s pursuit of excellence is real and acknowledged by industry authorities.

Some of the most recent rewards and recognitions include:

  • Best AI Tools at Money Expo, Abu Dhabi, UAE – April 2025
  • Most Transparent Broker, offered at the UF Awards LATAM – April 2025
  • Best VIP Client Program at the Oman Summit, Muscat, Oman – February 2025
  • Best Client Loyalty Programs bestowed during the Qatar Financial Expo (QFEX) in Doha, Qatar – February 2025
  • Best Global Broker, Best Customer Support, and Best Trading Execution at the Traders Fair Awards, Hong Kong S.A.R. – December 2024, FINEXPO.

XS.com Segregated accounts

Using segregated accounts ensures the client that the company funds don’t get mixed with their funds, so that the latter aren’t used for running operational activities. XS uses this practice, with some of the world’s most reliable financial institutions protecting both stacks. Why does it matter?

Should your broker file for bankruptcy, separate funds ensure your investments are off-limits for paying corporate debts. This separation also expedites your funds’ return in case of withdrawals or disputes, as they are kept apart from the broker’s own assets.

XS Dynamic leverage model

The XS platform uses a dynamic leverage standard that adjusts traders’ leverage according to varying circumstances, like changing market conditions and fluctuating trading volumes.

This way, investors benefit from superior trading flexibility and boosted risk management.

Conclusion 

Traders stick with XS.com because of the many opportunities and advantages it offers, but there should be more to it. A trustworthy forex broker that can continue to lead the pack must be highly committed to improving excellence across all operations and areas of business.

If you need assistance, the platform provides multilingual customer support to address the needs of users globally. The technology used on the platform is intended to simplify operations, making navigation and form submission simple for most traders. However, it’s always a good idea to test the platform yourself rather than relying solely on reviews. And don’t forget: trading responsibly is key to honing your skills and succeeding in such volatile systems!

FurtherAfrica is an online platform centralising news and content on the development and growth story of Africa. Content Syndication is done in partnership with The Exchange. The platform focuses on Southern Africa with an interest in economic growth, investment opportunities, financials and everything else in between.

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