XS Account Type Comparison - Which Forex account is the best for trading XS Account Type Comparison - Which Forex account is the best for trading

Summary of the article

XS stands out in the global financial market, offering traders a streamlined registration and a diverse range of assets, from forex to cryptocurrency. Traders can choose from several account types, such as ELITE (RAW) with ultra-thin spreads and the beginner-friendly STANDARD with no minimum deposit. Leverage options vary across assets, with protective measures like margin calls to manage risks. Platforms available include MetaTrader 4, MetaTrader 5, and the XS Mobile App. XS’s commitment to safety is underscored by practices like segregating client funds and negative balance protection. With its swift registration, vast asset offerings, and focus on security, XS ensures an optimal trading environment.

Go to XS Official Website

Trade the Global Markets With XS

The global financial market is vast, offering endless opportunities for traders. Whether you’re an institutional giant or an individual trader, the key to unlocking these opportunities lies in choosing the right platform. XS, a global market leader, offers a plethora of features tailored to suit every trader’s need.

Here’s a detailed overview.

Sign up on XS

Why Choose XS?

Quick & Easy Registration Process:
Say goodbye to lengthy and tedious sign-ups. XS ensures a streamlined registration, letting you trade sooner.
Fast & Reliable Funding Methods:
With multiple funding options, you’re never far from your next trade.
High-Speed & Fair Trade Execution:
XS guarantees swift and unbiased trade executions, ensuring that you’re always a step ahead.
Regulatory Compliance:
As a globally recognized broker, XS follows multiple regulations, ensuring your trades are safe and secure.
Diverse Trading Options:
From forex to crypto, trade multiple asset classes using a single XS account.
World-class Customer Support:
Facing issues? XS’s multilingual support team is just a call away.

Go to XS Official Website

Types of XS’s Trading Accounts

XS offers multiple account types catering to different trading styles and strategies:

  1. ELITE (RAW)
  2. STANDARD
  3. CLASSIC
  4. PLUS

All accounts give traders access to XS’s deep institutional liquidity and cutting-edge trading technology. Here’s a quick comparison:

Account Types ELITE (RAW) STANDARD CLASSIC PLUS
Trading Platform MT4 and MT5 MT4 and MT5 MT4 and MT5 MT4 and MT5
Spreads from (pips) 0.0 0.9 1.4 1.9
Commission (per lot) $6 $0 (No) $0 (No) $0 (No)
Starting Deposit (USD) $1,000 $0 (No) $0 (No) $0 (No)
Max Leverage 500 500 500 500
Stop-out Level 20% 20% 20% 20%
Micro Lot (0.01) YES YES YES YES
Max # of orders 100 100 100 100
Trading Styles Allowed All All All All
Asset Classes All All All All
Sign Up Open ELITE (RAW) Account Open STANDARD Account Open CLASSIC Account Open PLUS Account

Open an account with XS

ELITE (RAW) Account

The ELITE (RAW) Account stands out as XS’s premium offering designed for experienced traders who are in pursuit of razor-thin spreads. By providing trading capabilities on both MT4 and MT5 platforms, it ensures flexibility for those accustomed to either trading environment. With spreads commencing from an impressive 0.0 pips, it’s particularly enticing for scalpers and high-frequency traders who aim to capitalize on minute price fluctuations. However, this comes with a commission of $6 per lot, a characteristic often seen in raw or ECN type accounts. An initial deposit of $1,000 indicates that this account is structured more for serious traders who are committed to investing a reasonable capital upfront. Apart from these, the maximum leverage of 500:1 can significantly magnify both potential profits and losses. The consistent stop-out level at 20% across all account types ensures traders are protected from negative balance scenarios. Furthermore, trading in micro lots (0.01) means better risk management, especially for those wanting to test strategies with smaller trade sizes. This account is all-inclusive, meaning traders aren’t restricted in terms of trading styles or asset classes they wish to explore.

Open ELITE (RAW) Account

STANDARD Account

Next, the STANDARD Account serves as a bridge between beginners and intermediate traders. It retains compatibility with both MT4 and MT5 platforms, ensuring users aren’t confined to one trading environment. With spreads that start from a moderate 0.9 pips and a zero-commission structure, it’s ideal for those who prefer a simple cost structure. The standout feature is undoubtedly its no minimum deposit requirement, making it accessible for traders who are hesitant to commit large sums initially. All other attributes, from leverage to trading styles and asset classes, remain generous and in line with XS’s commitment to offering flexibility.

Open Standard Account

CLASSIC Account

The CLASSIC Account leans more towards traders who have a firm grip on the basics and are looking to explore further without the intricacies of a commission-based system. With spreads commencing at 1.4 pips, it provides a balanced cost structure. The zero initial deposit ensures that entry barriers remain low. Like the other account types, it doesn’t compromise on features like maximum leverage, micro lot trading, or the variety of tradable asset classes.

Open Classic Account

PLUS Account

Lastly, the PLUS Account is tailored for those who prioritize a slightly wider spread in exchange for no commission fees. With spreads beginning at 1.9 pips, it remains competitive while providing all the foundational features of XS’s other account types. The absence of an initial deposit requirement showcases XS’s commitment to inclusivity and accessibility for all types of traders.

In essence, XS seems to have curated its account offerings, keeping in mind the diverse trading community’s needs and preferences. From the experienced trader looking for optimal trading conditions in the ELITE (RAW) account to the beginner finding their footing with the STANDARD or CLASSIC accounts, there’s something for everyone. The seamless sign-up links provided by XS further ensure that transitioning into their ecosystem is a hassle-free experience.

Open Plus Account

XS’s Trading Platforms

XS offers a suite of platforms, each tailored for a specific need:

MetaTrader 4:
A favorite among many, MT4 offers a user-friendly interface, a rich set of features, and advanced trading capabilities. [More on MT4 Here]
MetaTrader 5:
The successor to MT4, MT5 is more versatile, with an even wider range of tools and functionalities. [More on MT5 Here]
XS Web Trader:
Trade directly from your web browser without any downloads. Perfect for those on-the-move. [More on XS Web Trader Here]
XS Trader Mobile App:
The entire trading world, now in your pocket. Trade, analyze, and manage your account from anywhere. [More on XS Mobile App Here]

With XS’s variety of account types and platforms, traders have all the tools they need to succeed in the global market.

Go to XS Official Website

Why XS Stands Out

When you’re searching for a trading platform that not only offers ultra-low spreads but also a robust suite of features to enhance your trading experience, look no further than XS.

1. Choose the Global Market Leader: The XS Advantage

Begin your journey with XS without the usual delays, thanks to a quick and easy registration process that is both swift and hassle-free. XS understands that time is money, so they offer fast and reliable funding methods, allowing you to move your funds as and when needed. In the fast-paced world of trading, speed is crucial, and XS guarantees that your trades are executed with unmatched speed and fairness. XS stands as a global broker that operates transparently under multiple regulations, ensuring that your trades adhere to international standards and are safe and secure. With XS, you have the freedom to explore multiple asset classes from a single account, broadening your trading opportunities. Lastly, enjoy premium multilingual customer support with a dedicated team that’s available round the clock, ready to assist and ensure a seamless trading experience.

Sign up on XS

2. An Account Tailored Just For You

All traders are unique, and XS recognizes this. Hence, multiple account types have been crafted, each designed to meet the distinct needs of different traders. Whether you’re a novice or a seasoned pro, XS has an account type for you.

Explore XS’s Account Types

3. The World in Your Hand

In the digital age, mobility is crucial. XS’s advanced trading platforms provide a myriad of features and tools, ensuring that no matter where you are, the global markets are just a tap away.

Invest in CFDs with XS

4. Prime Institutional Broker

Experience a connection with a prime institutional broker that offers:

  • Multi Asset Liquidity
  • Cutting-edge Technology
  • In-depth Industry Experience
  • Tailored Solutions

Harness the power of XS’s institutional solutions and elevate your business.

Go to XS Official Website

Dive Deeper Into Different Trading Opportunities with XS

Forex Trading:
The forex market is vast, dynamic, and full of potential. With XS, not only do you gain access to the world’s most traded currencies, but you also enjoy the benefit of market-leading spreads. With opportunities abound 24 hours a day, 5 days a week, it’s no wonder Forex remains a top choice for traders worldwide.
Share CFD Trading:
Go beyond currencies and dive into the world of share CFDs. XS allows you to leverage your trades on the shares of globally recognized companies like Amazon, Alibaba, and Apple.
Indices Trading:
Get a broader perspective of the global stock markets. XS provides a platform for you to engage in indices trading, allowing a wider viewpoint on stock performances, industries, or sectors.
Metals Trading:
Dive into the world of metals trading. With XS, you can trade commodities like gold, silver, copper, and more. These metals not only offer a hedge against market volatility but also provide an opportunity for diversification.
Energy Products & Commodities Trading:
From oil to agricultural products, XS offers an array of commodities for trading. With its market-leading spreads, you can diversify your portfolio and hedge risks efficiently.
Cryptocurrency CFDs Trading:
The world of digital currencies is vast and evolving. XS provides a gateway to this dynamic market, allowing you to trade popular cryptocurrencies using CFDs, amplifying your potential returns with the power of leverage.

Trade various markets with XS

Your Safety Is XS’s Priority

XS is committed to ensuring the safety of its client’s funds. XS operates with transparency, holding client funds in segregated accounts, and offering protection mechanisms like negative balance protection.

Open XS’s Trading Account

Understanding Leverage and Margin

Leverage allows you to hold a larger position in the market than what you could with your capital alone. It’s crucial to understand this mechanism as it impacts your margin requirements. Utilizing it effectively can lead to profits, while ignorance can result in margin calls.

XS provides various leverage options across multiple assets:

  • Currencies: Up to 1:500 for most FX pairs.
  • Metals: Up to 1:200 for gold.
  • Energy: 1:100 for WTI, Brent, and Natural Gas.
  • Indices: 1:100 for major indices.
  • Shares: 1:50 for over 1000 shares from major markets.
  • Crypto: 1:20 for most popular cryptocurrencies.
Always remember: With greater leverage comes increased risk.

Trade with XS’s High Leverage

Margin Call

XS strives to ensure that traders don’t bite off more than they can chew. If your account equity drops below 80% of the margin required to maintain your open positions, XS will issue a margin call. It’s a reminder to either fund your account or close some positions.

Stop-Out Level

XS’s stop-out level is set at 20%. If your equity falls to this level, your open positions will be automatically closed to prevent further loss.

Go to XS Official Website

Choose Your Trading Platform

XS understands that every trader has their preferred trading platform. Whether it’s the widely popular MetaTrader 4, the advanced MetaTrader 5, the convenient XS Web Trader, or the mobile-centric XS Trader Mobile App, they’ve got you covered. Each platform is designed to provide you with a seamless trading experience, coupled with advanced tools, real-time quotes, and more.

Join XS today, and let them redefine your trading experience.

Open an account with XS

FAQs to summarize the article

What is XS and what does it offer to traders?
XS is a global financial market leader that provides traders with diverse assets, from forex to cryptocurrencies, and various account types tailored to their needs.
How does the registration process with XS work?
XS offers a streamlined registration process, ensuring a quick and hassle-free start to your trading journey.
Which trading platforms are available with XS?
XS provides multiple platforms including MetaTrader 4, MetaTrader 5, XS Web Trader, and the XS Mobile App.
What are the different account types offered by XS?
XS offers ELITE (RAW), STANDARD, CLASSIC, and PLUS accounts. Each type caters to different trading styles and strategies with varying spreads, commissions, and deposit requirements.
How does the ELITE (RAW) account differentiate itself?
The ELITE (RAW) account is designed for experienced traders, offering ultra-thin spreads starting from 0.0 pips and a commission of $6 per lot, but requires an initial deposit of $1,000.
How is the STANDARD account tailored for traders?
The STANDARD account is beginner-friendly with spreads from 0.9 pips, zero commission, and no minimum deposit requirement.
How does XS ensure the safety of traders’ funds?
XS segregates client funds, offers negative balance protection, and adheres to multiple global regulations to ensure the security of trades and funds.
What is leverage and how does it work at XS?
Leverage allows traders to hold a larger market position than their capital would permit. XS offers varying leverage options across assets, e.g., up to 1:500 for most FX pairs and 1:20 for popular cryptocurrencies.
What does a “margin call” mean in the XS platform?
A margin call is issued by XS when an account’s equity drops below 80% of the required margin to maintain open positions. It’s a reminder for traders to either add funds or close some trades.
What trading opportunities are available with XS?
XS offers a range of trading opportunities including Forex, Share CFDs, Indices, Metals, Energy Products & Commodities, and Cryptocurrency CFDs, all with competitive spreads and leverage options.
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