- Spread:
- 1.1 – 1.8
- Deposit:
- No minimum deposit
Broker Alarab ReviewAccounts, costs and regulation
XS Review
Review Summary
Overview of XS
XS combines Standard, Cent and Micro accounts with Pro and Elite options for forex and CFD trading. The range lets traders compare smaller contract sizes with advanced pricing. Pro uses spread-based pricing, while Elite combines tighter spreads with commission. Platform access varies: check whether your chosen account supports MT4 or MT5.
The main decision is which XS account fits your trade size, budget and strategy. A lower spread can be offset by commission, and the deposit requirements of an advanced account should not be applied to the whole range. Compare the available instruments, funding methods and swap-free conditions, then confirm the legal entity and client protection available in your country.
Key Strength
Flexible account range from Micro to Pro and Elite
Key Consideration
Advanced accounts may require higher deposits and stricter trading conditions
Who Is It Best For?
- Low-deposit traders
- Micro account users
- Active traders
- High-volume traders
Who May It Not Suit?
- First-time traders
- Passive traders
- Long-term investors
- Traders seeking account simplicity
Broker Alarab’s view on XS
XS offers a range of account types, from Micro and Standard accounts to Pro and Elite structures, allowing traders to compare spreads, minimum deposits and trading conditions according to their experience and trading volume.
It may suit MT4 and MT5 users seeking flexible execution conditions, although advanced accounts generally require more capital and a clear understanding of their commission and pricing structure.
Rating Breakdown
Each category is rated out of 5.How XS performs across safety, trading costs, platforms, deposits and withdrawals, and customer support, with each category rated out of 5.
Safety & Regulation4.4 / 5
Fees & Spreads4.5 / 5
Trading Platforms4.4 / 5
Deposits & Withdrawals4.5 / 5
Customer Support4.35 / 5
Main Advantages
5Competitive spreads on forex and indices trading
Fast order execution with strong liquidity from liquidity providers
Multiple account types suitable for beginners and professionals
Trading via MetaTrader 4 and MetaTrader 5 platforms
A trading environment suitable for scalping strategies
Main Disadvantages
3Minimum deposit may be relatively high for some account types
Certain services may vary depending on the regulatory entity
Availability of financial instruments may vary by country
Account Types at XS
Compare the accounts and tap an account name for more details.Compare the available account conditions and open an account page to review its full details.
- Accounts
- 5
- Lowest Deposit
- No minimum deposit
- Spread:
- 1.1 – 1.8
- Deposit:
- No minimum deposit
- Spread:
- 1.1 – 1.8
- Deposit:
- No minimum deposit
- Spread:
- 0.6 – 1.0
- Deposit:
- $500
- Spread:
- 0.0 – 0.2
- Deposit:
- $500
Review the account conditions, availability, and trading costs before registering.
Open an Account with XSLicenses & Safety at XS
XS operates through a broad regulatory structure that includes XS Prime Ltd, authorised by ASIC under licence number 374409, and XS Markets Ltd, regulated by CySEC under licence number 412/22, together with entities supervised by the FSCA in South Africa, the FSA in Seychelles, the FSC in Mauritius and the LFSA in Malaysia. The group also has registrations or related entities connected to the UAE and Kuwait, reflecting its international reach. Traders should distinguish between a full financial-services licence and registrations or authorisations with a different scope. The appearance of the XS name in a local register does not necessarily provide the same level of protection available under ASIC or CySEC, and trading conditions, leverage and complaint procedures may vary according to the legal company accepting the account. When researching XS licences, the number of regulators listed is not enough. Traders should identify the specific entity they will contract with and verify its number in the official register. ASIC and CySEC entities may be more suitable for traders prioritising strict oversight, while some international entities may offer greater flexibility under a different level of regulatory protection.
- Number of licenses
- 8
- Top regulator
- ASIC
- Last verified
- 2026-09-15
- Status
- All active
ASICActiveAustralia374409
Active
Australian Securities and Investments Commission
- Country
- Australia
- Legal entity
- XS Prime Ltd
CySECActiveCyprus412/22
Active
Cyprus Securities and Exchange Commission
- Country
- Cyprus
- Legal entity
- XS Markets Ltd
FSAActiveSeychellesSD089
Active
Client Fund Protection
XS applies client fund protection measures according to the regulatory entity responsible for each account. These measures include separating eligible client money from company operating funds, together with controls related to deposits, withdrawals, identity verification and anti-money-laundering requirements. XS agreements also provide negative balance protection under the applicable conditions. Negative balance protection may limit liability from losses exceeding the available trading-account balance, but legal safeguards are not identical across all entities. Investor compensation eligibility, complaint procedures and client-money protection may differ between the ASIC, CySEC and international entities in Seychelles, Mauritius and other jurisdictions. Traders should verify their legal company before depositing.
Fees & Trading Costs
A clear overview of XS’s spreads, commissions, and potential trading costs.
Pricing Summary
- Lowest Spread
- 0.0 – 0.2
- Commission Structure
- 1 commission-based account
Trading Fees Explained
XS uses account-tier pricing. Standard, Micro and Cent offer commission-free spreads around 1.1–1.8 pips, while Pro tightens pricing to 0.6–1.0 pips without commission.
Elite targets active traders with raw spreads around 0.0–0.2 pips and a $6-per-lot commission. Pro and Elite require $500, while entry-level accounts have no listed minimum deposit. Overnight costs vary by instrument and market conditions.
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XS uses account-tier pricing. Standard, Micro and Cent offer commission-free spreads around 1.1–1.8 pips, while Pro tightens pricing to 0.6–1.0 pips without commission.
Elite targets active traders with raw spreads around 0.0–0.2 pips and a $6-per-lot commission. Pro and Elite require $500, while entry-level accounts have no listed minimum deposit. Overnight costs vary by instrument and market conditions.
Deposits & Withdrawals
Funding Summary
- Payment Methods
- 6
- Minimum Deposit
- $200
- Funding Score
- 4.5 / 5
- Withdrawal Speed
- Fast processing for e-wallets, standard timing for bank transfers
Deposit & Withdrawal Details
XS supports bank transfers, Visa and Mastercard, Skrill, Neteller, online banking, and selected local payment solutions, depending on the client's country and account entity. Available methods, supported currencies, transaction limits, and processing conditions are displayed according to the client's jurisdiction.
Electronic wallets and card transactions are generally processed faster than international bank transfers. The final withdrawal time depends on the selected method, receiving institution, and any intermediary banks involved. External provider fees or currency-conversion costs may also apply and should be checked before confirming a transaction.
XS applies identity-verification, payment-ownership, and anti-money-laundering controls. Payment details must match the verified trading-account holder, and funds may need to return through the original deposit route. Completing verification early is particularly important before requesting a large withdrawal or using multiple payment methods.
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XS supports bank transfers, Visa and Mastercard, Skrill, Neteller, online banking, and selected local payment solutions, depending on the client's country and account entity. Available methods, supported currencies, transaction limits, and processing conditions are displayed according to the client's jurisdiction.
Electronic wallets and card transactions are generally processed faster than international bank transfers. The final withdrawal time depends on the selected method, receiving institution, and any intermediary banks involved. External provider fees or currency-conversion costs may also apply and should be checked before confirming a transaction.
XS applies identity-verification, payment-ownership, and anti-money-laundering controls. Payment details must match the verified trading-account holder, and funds may need to return through the original deposit route. Completing verification early is particularly important before requesting a large withdrawal or using multiple payment methods.
Supported Payment Methods
- Bank transfer
- Visa / Mastercard
- Skrill
- Neteller
- Online banking
- Local payment solutions
Trading Platforms
A closer look at the trading platforms offered by XS and the overall platform experience.
Platform Access
- Available Platforms
- MT4
- MT5
- Trading Tools
- 5 tools available
- Best For
- MetaTrader and multi-asset access
Trading Platform Experience
XS provides MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile depending on the account and entity. Both platforms offer access to a range of CFD markets, with tools for order execution, price monitoring, chart analysis, and position management across devices.
MT4 provides a familiar forex environment with Expert Advisor and custom-indicator support, while MT5 expands the analytical tools, order types, multi-asset capabilities, and strategy testing. The setup suits traders seeking a balance between simplicity and advanced functions, although clients should verify the instruments and features available under their selected account and regulatory entity.
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XS provides MetaTrader 4 and MetaTrader 5 across desktop, web, and mobile depending on the account and entity. Both platforms offer access to a range of CFD markets, with tools for order execution, price monitoring, chart analysis, and position management across devices.
MT4 provides a familiar forex environment with Expert Advisor and custom-indicator support, while MT5 expands the analytical tools, order types, multi-asset capabilities, and strategy testing. The setup suits traders seeking a balance between simplicity and advanced functions, although clients should verify the instruments and features available under their selected account and regulatory entity.
Available Trading Tools
- Technical indicators
- Charting tools
- Expert Advisors
- Custom indicators
- Strategy testing
Download MetaTrader Platforms
Final Verdict
Overall Rating
4.43 / 5
Final Verdict
Very Good
Our verdict on XS
Overall, XS may suit traders looking for MT4 and MT5 access, flexible execution and an account range that progresses from Micro and Standard to Pro and Elite structures. This variety can serve different experience levels and trading volumes, provided each pricing model is compared carefully. Advanced accounts may require more capital and a clearer understanding of commissions and spreads. Clients should also verify the responsible entity, available products and regulatory protection before opening an account.
Read more +Show less −
Overall, XS may suit traders looking for MT4 and MT5 access, flexible execution and an account range that progresses from Micro and Standard to Pro and Elite structures. This variety can serve different experience levels and trading volumes, provided each pricing model is compared carefully. Advanced accounts may require more capital and a clearer understanding of commissions and spreads. Clients should also verify the responsible entity, available products and regulatory protection before opening an account.
Key Strength
Flexible account range from Micro to Pro and Elite
Main Limitation
Advanced accounts may require higher deposits and stricter trading conditions
Frequently Asked Questions
What account types does XS offer and which one is best?
XS offers multiple account types including Standard, Cent, Micro, Pro, Elite, and VIP. Beginners usually start with Standard or Cent accounts, while experienced traders prefer Elite or Pro accounts for lower spreads.
Is XS a legit broker or should traders be cautious?
XS operates under multiple regulatory licenses such as ASIC and CySEC, but not all entities are considered top-tier. Traders should always check the specific regulatory entity before opening an account.
Does XS really allow trading with no minimum deposit?
Yes, XS offers accounts like Standard, Micro, and Cent with no minimum deposit requirement, allowing traders to start with very small amounts.
What is the difference between XS Standard and Elite accounts?
The Standard account has spreads starting from around 1.1 pips with no commission, while the Elite account offers much lower spreads from around 0.1 pips but charges a commission per lot.
Is XS good for beginners or better for advanced traders?
XS is suitable for both. Beginners benefit from Cent and Micro accounts with small trade sizes, while advanced traders use Elite or VIP accounts for tighter spreads and better execution.
Show more questions (5)Hide additional questions
Does XS offer ECN-style trading or not?
XS offers accounts like Elite that provide raw spreads with commissions, which is similar to ECN-style trading, although the execution model may vary.
How long do withdrawals take on XS?
Withdrawals on XS can be processed instantly for e-wallets or take between 1 to 7 business days depending on the method and verification status.
What leverage does XS offer and is it safe to use?
XS offers leverage up to 1:2000, which allows traders to control larger positions with smaller capital, but it significantly increases trading risk.
Are XS spreads competitive compared to other brokers?
XS spreads are competitive on advanced accounts like Elite, but Standard accounts have wider spreads starting from around 1.1 pips.
What are the main disadvantages of XS broker?
The main disadvantages include varying regulatory strength depending on the entity, complex account structure for beginners, and higher deposit requirements for premium accounts like VIP.
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Risk Warning
The information on this page is provided for educational and informational purposes only and does not constitute financial or investment advice. Broker Alarab does not provide trading services or hold client funds. Trading forex, CFDs and other leveraged products involves a high level of risk and may not be suitable for all investors. You may lose part or all of your invested capital. Trading conditions, leverage and investor protection may vary according to the broker, regulatory entity and client jurisdiction.