XS.COM Review 2024: Pros, Cons, and Key Features

The online trading world is plagued with scams and fraudulent websites. One cannot trade online without losing significant money. However, those days are gone, as the best CFD broker has recently joined the space. Established in Australia in 2010 and in compliance with regulations from multiple jurisdictions, XS.COM has recently shifted its focus to CFD trading. In 2023, XS.COM gathered numerous success stories and awards that we must review. This XS.COM review will reveal the broker’s pros, cons, and key features.

What Is XS.COM?

XS.COM is a multi-asset broker providing novice and advanced traders access to various assets, including shares, indices, metals, commodities, crypto, forex, and energy. With a focus on accessibility, the broker offers different funding methods with minimum deposits that range from $5 to $200, depending on the method. 

Moreover, the platform has a multilingual interface in English, French, Spanish, Arabic, Traditional Chinese, Simplified Chinese, Thai, Vietnamese, Portuguese, Japanese, and Korean. Additionally, the broker will soon incorporate live chat customer assistance. 

Before mentioning any of the platform’s essential features, it’s important to note that XS.COM has licenses in three jurisdictions: FSA in Seychelles, ASIC in Australia, and CySEC in Cyprus. Now, let’s unpack the broker’s features in this XS.COM review.

XS.COM Review: Key Features

Without a doubt, online trading is flooded with brokers. So, what makes XS.COM the best CFD broker? Here are XS.COM’s features that make it stand out. 

Wide Range of Assets

As mentioned, XS.COM offers traders access to a wide range of assets. This is very handy, especially for those looking to diversify their portfolio. And, if you know anything about trading, you know how vital portfolio diversification is. Also, this answers to everyone’s taste. You don’t like trading metals? You’ve commodities. You also don’t like that? You’ve got crypto. The opportunities are endless. 

XS.COM Accounts Review

Speaking about diversification, XS.COM also offers different account types catering to everyone’s preferences. Each account offers different leverage, spread, platform, and tradable instruments. Check what each account offers to understand the better fit for you. They also trade on two platforms: MT4 and MT5.

Quick and Seamless Registration Process

XS.COM reviews show users’ praise for the platform’s user-friendliness—notably, the easy registration process. You register by providing your email, phone number, and further personal details. Once inside, you answer a questionnaire exploring your trading level. Then, you have to verify your account by providing your ID and proof of residence documents. Afterward, you’re good to start trading. 

Easy Deposit and Withdrawals

The platform offers a user-friendly deposit and withdrawal process for a seamless experience, enabling users to start trading promptly after funding their accounts. There are different deposit and withdrawal methods, such as bank transfers, credit/debit cards, and popular e-wallets, to fit users’ preferences. 

Demo Account 

XS.COM also offers the option of a demo account. Demo accounts benefit traders recently dipping their toes in the trading sea. 

Global Presence 

XS.COM has a globally recognized presence. 2023 was packed with events, seminars, and awards. The platform has gained multiple awards, some of which are:

  • BEST GLOBAL MARKET LEADER -The Dubai Forex Expo HQMENA, September 2023.
  • TOP TRUSTED FINANCIAL BROKER -Middle East Awards Ceremony Smart Vision, September 2023.
  • BEST MULTI-ASSET BROKER -Jordan Financial Expo & Award JFEX Afaq Group, September 2023.
  • BEST B2B BROKER -Forex Traders Summit Smart Vision, May 2023.

Furthermore, XS.COM sponsored two prestigious tennis tournaments: the French Open, held at the iconic Stade Roland Garros in Paris, and the oldest tennis tournament globally, hosted by The All England Croquet Club in Wimbledon, London.

XS.COM under Review: Pros and Cons

XS.COM prides itself on award-winning features, making it a legit broker and one of the best online trading platforms. The globally recognized CFD broker has its own set of pros and cons.

Pros

As stated, XS.COM offers a seamless and quick registration process, allowing users to set up accounts quickly. Moreover, it adheres to multiple regulations, instilling a sense of trust and credibility among traders. 

XS.COM also has multiple funding methods, facilitating swift transactions to enable users to capitalize on market opportunities without delays. Furthermore, one of the striking facets of XS.COM is its versatility, offering multiple asset classes within a single account, thereby granting traders the flexibility to diversify their portfolios conveniently. 

Moreover, the provision of premium multilingual customer support signifies a commitment to catering to a diverse clientele, ensuring that users receive assistance in their preferred language enhancing accessibility and clarity in communication. Additionally, XS.COM emphasizes high-speed and fair-trade execution, enabling users to execute their trades swiftly. 

Cons

XS.COM reviews show that XS.COM is a legit broker and not a scam. So, that definitely is not a con. However, what made it on the list of cons is users feeling overwhelmed by the platform’s extensive features. Anyhow, you can always contact the broker’s customer service for assistance. 

XS.COM Final Review: Scam or Legit?

In conclusion, this XS.COM review shows that the multi-asset broker is legit and far from a scam. In fact, XS.COM is focused on making the platform as safe as possible by complying with regulations in multiple jurisdictions. This review sheds light on the platform’s robust features, underscoring its strengths and pros and acknowledging a few aspects that might overwhelm some users. 

The platform’s recognition through prestigious awards and sponsorships of esteemed events in 2023 further solidifies its standing as a global leader in the CFD trading sphere. So, if you’re looking for a broker, XS.COM is the right one for you.