XSMarkets is a True STP/ECN broker, providing trading services and facilities to both retail and institutional clients. Our mission is to provide the best possible trading conditions to our clients. We offer Contracts for Difference (CFDs) on five asset classes: Forex, Shares, Spot Indices, Spot Metals and Spot Energies. Our clients get access to top-tier liquidity with ultra-low spreads and advanced trade execution.
XSMarkets Information
As a True STP/ECN broker, XSMarkets delivers optimal trading conditions across a diverse range of financial instruments, including Forex, Shares, Spot Indices, Spot Metals, and Spot Energies through Contracts for Difference (CFDs).
It prioritizes top-tier liquidity, ultra-low spreads, and advanced trade execution to ensure its clients receive competitive advantages in the markets. Upholding values such as integrity, honesty, and fairness, it's dedicated to transparency and reliability in its execution, coupled with continuous innovation to meet evolving market needs. XSMarkets places a strong emphasis on client commitments, safety of funds, and operates with a focus on trust, strong corporate governance, and collaborative teamwork.
Pros & Cons of XSMarkets
Pros Competitive trading conditions with low spreads: XSMarkets offers competitive trading conditions with low spreads across its various account types. For instance, the spread of standard accounts is 0.7 pips and the spread of Raw accounts is 0 pips. This trading condition can be attractive to traders seeking cost-effective trading.
Segregation of client funds for security: The firm segregates client funds into separate bank accounts, ensuring they are not used for operational purposes and remain protected in the event of company insolvency.
Participation in the Investor Compensation Fund for client protection: XSMarkets participates in the Investor Compensation Fund (ICF), providing an additional layer of protection by compensating clients in case of the firm's insolvency, up to specified limits.
Variety of deposit and withdrawal methods without fees: Clients can deposit and withdraw funds using methods like Bank Transfer, Visa & MasterCard, Skrill, Neteller, and Mifinity without incurring any charges from XSMarkets.
Cons Commission charges for RAW Accounts: RAW Accounts incur a commission of $3.00 per lot per side, which adds to the trading costs and may not be suitable for traders looking to minimize expenses.
Relatively higher minimum deposit requirement for some accounts: Certain account types, such as the RAW Account, require a minimum deposit of EUR 500, which may be considered relatively higher compared to industry norms, potentially limiting accessibility for some traders.
Is XSMarkets Safe？
Regulatory Sight: China Southern Securities Limited operates under the regulatory oversight of the Cyprus Securities and Exchange Commission (No.412/22), holding a valid security trading license. This regulatory authority ensures that financial institutions comply with relevant laws and regulations to protect investors and maintain market integrity.
User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.
Security Measures: XSMarkets prioritizes the safety of client funds and consumer protection under the Markets in Financial Instruments Directive (MiFID). Measures implemented include segregation of clients‘ funds into segregated client bank accounts, ensuring these funds are off the company’s balance sheet and protected from use in the event of company insolvency. The company maintains client and operational bank accounts with reputable EU banking institutions. Additionally, XSMarkets participates in the Investor Compensation Fund (ICF), which guarantees compensation to clients in case of company insolvency or service suspension. Compensation is capped at the lower of 90% of cumulative covered claims or EUR 20,000 per covered client, providing an added layer of financial security and assurance for clients.
What are Securities to Trade with XSMarkets？
XSMarkets provides a range of tradable products encompassing Forex CFDs, Commodities CFDs, CFDs on Indices, CFDs on Shares, and CFDs on Metals. These products allow clients to speculate on the price movements of various financial instruments without owning the underlying assets.
Forex CFDs enable trading in currency pairs, Commodities CFDs cover commodities like oil and gold, while CFDs on Indices offer exposure to global stock market indices. Additionally, CFDs on Shares allow investors to trade on the performance of individual company shares, and CFDs on Metals include precious metals such as gold and silver.
XSMarkets Accounts
XSMarkets provides two types of trading accounts: Standard and Raw.
The Standard Account is designed for beginner traders seeking accessible market entry without commissions. Operating on MT5, it offers a wide array of trading opportunities across 40+ FX pairs, 10+ indices, 5+ commodities, and 20+ shares. Traders benefit from platform flexibility with MT5, Web Trader, and Mobile App options. With a minimum deposit requirement of EUR 200 and a minimum trade size of 0.01 lot, the account provides leverage up to 1:30 and competitive spreads starting from 0.7 pips.
The RAW Account caters specifically to experienced traders seeking deep liquidity and tight spreads. Utilizing the MT5 platform, this account provides access to a diverse range of markets including over 40 FX pairs, 10+ indices, 5+ commodities, and 20+ shares. Traders can choose from MT5, Web Trader, or Mobile App platforms for trading flexibility. With a higher minimum deposit requirement of EUR 500 and a minimum trade size of 0.01 lot, the RAW Account offers leverage up to 1:30 and boasts razor-sharp spreads starting from 0.0 pips. It incurs a commission from $3.00 per lot per side.
Both account types support Islamic trading conditions and is denominated in EUR, making it a suitable choice for newcomers looking to navigate the financial markets efficiently.
XSMarkets Fees Review
XSMarkets does not impose transaction fees on deposits or withdrawals. Deposits and withdrawals can be made using Bank Transfer, Visa & MasterCard, Skrill, Neteller, and Mifinity without incurring any fees from XSMarkets.
Addtionally, for RAW Accounts, a commission of $3.00 per lot per side is applied; the Premium membership also charges a commission of $3 per USD 100% traded.
Customer Service
XSMarkets offers comprehensive customer support to its clients.Clients can reach out to XSMarkets through various channels.
Telephone: +35725249600
Email: support@xsmarkets.com
Contact Form
Company Address: Agiou Andreou 365, Efstathiou Court, 2nd Floor, Office 2021, 3035, Limassol, Cyprus
Conclusion
In conclusion, XSMarkets offers a range of trading accounts and platforms catering to both novice and experienced traders. They emphasize competitive trading conditions with low spreads and robust security measures, including client fund segregation and participation in the Investor Compensation Fund. However, potential clients should be mindful of commission charges for RAW Accounts. XSMarkets provides adequate tools and resources for trading, but prospective users should consider these factors alongside their individual trading needs and preferences before making a decision.
FAQs
What are the trading hours on XSMarkets？
You can trade 24 hours a day, starting at 00:00 Monday and closing at 24:00 Friday (server time). Please note that the server time is GMT + 2 (GMT + 3 applies during daylight saving/summertime).
How can I start trading？
Once you've opened a trading account, received your login credentials via email, submitted your identification documents for account validation, and completed your deposit, the next step is to download your preferred trading platform and commence trading.
What deposit/withdrawal methods does XSMarkets offer？
Credit and debit cards, e-Wallets, Bank Wire transfers.
Risk Warning
The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.
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