As one of the fastest-growing industries in the world, trading is quite competitive. However, this goes beyond traders, as platforms offering these services must stand up to the standards and continuously seek improvements to retain customers and acquire brand recognition.
For instance, XS, a trading platform since 2010, has not only established itself in Australia but also expanded globally. This growth has earned XS recognition in the form of several prestigious awards, including the “Best Global Broker” at Traders Fair Awards FINEXPO and the “Top Trusted Broker” at Middle East Financial Markets Awards Ceremony Smart Vision.
So, let’s see if XS can truly be taken as an example.
The trading platform has a user-friendly interface from the start, where users create an account. They only have to register by completing the details, funding their accounts, and starting to trade. Depending on their trading styles, XS.com provides two modern platforms:
- MetaTrader 4 (MT4) offers advanced charting tools, real-time market quotes, and multiple order types;
- MetaTrader 5 (MT5) comes with hedging capabilities, premium trading conditions, and Depth of Market (DOM);
For more convenience, users can access both platforms on the desktop from Windows and Mac shops, as well as the Play Store and App Store.
Is XS safe and trustworthy for clients?
As a global leader in trading, XS offers customers peace of mind by protecting their funds. Based on the Civil Liability Insurance Program by Lloyd’s of London, XS provides additional insurance covering losses in excess of $10,000 and up to $5,000,000. The system includes issues like omission, fraud, or negligence, and there’s no direct cost to the end user. In addition to insurance, all clients’ funds are segregated from company funds.
When it comes to safety and security, XS complies with the latest global standards by investing in infrastructure and advanced security protocols. The multinational FinTech business has also earned regulations and authorizations in various jurisdictions, such as the following:
- The Financial Services Authority of Seychelles (FSA) registered XS Ltd;
- The Australian Securities and Investments Commission (ASIC) registered XS Prime Ltd;
- The Financial Services Authority of Labuan (LFSA) registered XS Finance Ltd;
What can customers trade on XS?
Traders using XS platforms can gain exposure to a variety of markets, each with beneficial trading conditions, like spreads, fixed leverage, and dividend adjustments:
- Shares from international markets like the Hong Kong Shares (HK Shares);
- Stock Indices such as Germany Stock Market Index / Deutscher Aktien Index / DAX Index (DE40);
- Metals like gold, silver, platinum and palladium;
- Commodities from around the world, like cocoa, copper, and soybean;
- Forex currency pairs such as Minor (EUR/GBP), Major (EUR/USD), and Exotic (EUR/TRY);
- Energy commodities, including WTI Crude Oil (USOIL) and Natural Gas (NGAZ);
- OTC (Over-the-Counter) Futures like crude oil, indices and gold;
- Cryptocurrency assets like Bitcoin and Ethereum;
Are there customized account features for customers?
Understanding that traders have different goals and risk management approaches is essential for a trading platform to provide the right type of account features. XS ensures a variety of accounts for all customers. For example, the most popular account types include:
- The standard account with no minimum deposit, no commissions, and an average spread of 1.1;
- The cent account is available on MT5, currencies, and metals instruments and has no commissions;
- The micro account with an average spread of 1.1 and expanded instruments;
The professional category includes:
- The pro account with low spreads without commissions and a minimum deposit of $500;
- The elite account with an average spread of 0.1 and $3 per side commission;
- The VIP account requires a minimum deposit of $100,000 and offers raw spreads with commissions;
Finally, XS provides a special suite for partners:
- The classic account has no minimum deposit or commissions but an average spread of 1.6;
- The extra account offers an average spread of 2.1 and no commissions;
- The plus account has various commissions and an average spread of 0.1;
What are the overall benefits of using the XS trading platform?
While XS provides a broad array of products and accounts, there are many more advantages to using it. For example, it has reliable funding methods, including bank transfers, Visa and MasterCard, Skrill, and Neteller for both deposits and withdrawals. The accepted currencies include EUR, USD, and GBP, which are available and beneficial for most users.
In addition, XS provides multilingual customer support, so users worldwide can reach out to a specialist for
personalized customer support. XS has established top-notch Relationship Management so it can support everyone’s trading journey.
How does XS stay on top of the competition?
Lastly, despite the renowned brand’s features, XS has also adopted new technologies, such as artificial intelligence tools. The XS AI Insights feature uses behavioral science to interpret users’ preferences and patterns in trading and recommend improvements.
The AI feature:
- Tracks and gathers data that includes key metrics like entry and exit points;
- Analyzes the data to reveal patterns and identity trends;
- Discovers weaknesses and opportunities;
- Provides a personalized strategy with clear targets for every user;
Every trader knows how costly mistakes can be, which is why leveraging this AI tool can help them avoid human errors and allow them to focus on strategy developments. The tool can also automatically analyze patterns to identify changes and adjust the approach by highlighting opportunities. XS AI Insights is helpful considering how emotional trading can be at times since people can act impulsively depending on market trends.
What do you think about XS.com?
XS is an Australian trading broker business that has expanded its products and services worldwide by earning licenses and complying with regulations. It’s easy to use and offers a variety of markets for customers. An insurance program and top-notch technology investments ensure security and safety, while funding methods are approachable for anyone. In addition, XS conquers the competition by adding AI tools for users who want to analyze their trading behaviors and receive personalized strategies.