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Trading has become one of the most efficient financial tools for profit-making for those who are into investing and hedging risks. Being a trader includes the benefit of making money but also involves a little adrenaline, as the process means analyzing data sets and making predictions.
However, with the expansion of financial markets, trading has become more challenging. There are no limits to what you can trade, from regular stocks and shares to cryptocurrencies and even commodities. Luckily, as technology evolved, companies provided tools and applications that make trading easier and help us navigate currency fluctuations, regulatory issues, and security.
Most of these services encompass multi-asset brokerage support to help traders maximize their opportunities. The XS multi-regulated broker is an example, as it offers insurance, dynamic leverage, and plenty of other benefits. But is it legitimate? Or just another double-dealing? Let’s find out.
What exactly is XS broker?
XS is a global multi-asset broker with more than ten years of experience in the FinTech industry. It provides a safe and easy way for people to trade through various financial services. XS.com ensures access to global markets so traders can choose between different asset classes to diversify their portfolios.
The broker provider gained trust in the industry by delivering services followed by thorough regulations from global financial bodies that protect users. For instance, XS Ltd is regulated by the Financial Services Authority of Seychelles (FSA), whereas XS Prime Ltd received regulation from the Australian Securities and Investments Commission (ASIC).
What can you do with XS?
The online trading platforms offer access to assets like shares, Forex, or energy, but trading with indices, metals, or futures is also possible. This makes trading flexible, as you can leverage small investments across various sectors.
XS allows you to perform fractional trading, meaning you can adjust your investments based on your budget, regardless of the assets. Hence, you can diversify your portfolio efficiently regardless of market trends. For example, you can quickly shift from the long position during bullish markets to the short position during bearish times, meaning there’s a balance of losses and wins.
What do users like about this brokerage solution?
Being a regulated financial tool is critical for ensuring safety, so XS is great for traders who want to use services recognized on the market for their benefit. At the same time, the non-complicated registration process that takes only three steps to complete makes XS easy to use.
Users can deposit money and withdraw it from their accounts easily and quickly, as the platform uses advanced technologies for trading. In addition, customer can choose between different account types suitable for their level of experience and expectations, such as the following:
- The cent account allows trading with minimum volumes, perfect for newbies;
- The standard account ensures stable spreads and multiple asset access;
- The micro account is best for professionals as it offers micro lots and expansion in asset classes;
In addition, XS offers special accounts for trading experts who want to work with more complex instruments, including futures and commodities. Finally, XS also provides an extra category for accounts for partners who value stable spreads and high-speed market execution.
Is XS broker safe for its customers?
As with any other respectable financial company, XS has worked towards high-security measures through which traders’ assets and data on the platform are protected. Besides the multiple regulations that provide compliance, XS developed the infrastructure with data privacy in mind, based on data encryption. The security standards at XS follow Data Protection and compliance guidelines that protect customers from attacks.
Of course, as an internationally trusted broker, XS offers insurance up to $5,000,000 when financial losses due to fraud or negligence occur. The Civil Liability Insurance Program is supported by Lloyd's of London, UK’s most prominent insurer. Therefore, all clients and third parties using XS services are ensured loss coverage.
What’s the customer support like?
Customer support is one of the most important aspects of XS’ excellence, which is why the company developed multilingual customer support. This ensures that anyone on this planet will receive a personalized experience when inquiring about an issue.
Besides the regular email support, you can also use the live chat function, through which a customer support officer can help navigate any issue in real-time. With a dedicated team behind it, XS delivers prompt assistance in multiple languages. Considering that XS has a collaborative company culture and prioritizes professional growth, you’re assured of the best quality CX.
Is trading with XS easy to comprehend?
Despite the massive number of online trading platforms and tools, few have a comprehensive and user-friendly interface through which anyone can navigate. Trading with XS has been easy since the beginning, as creating an account and registering takes only a few minutes based on digital registration tools.
At the same time, XS ensures several funding methods, including bank transfer, Visa, and Mastercard. For clients who use Skrill or Neteller, XS allows a minimum deposit of 15 USD with instant processing time. The currencies accepted for all funding methods are EUR, USD, and GBP.
When it comes to the best trading hours, XS offers thorough guidance on regular hours or trading holidays based on different assets. For example, trading precious metals or spot energies might have early closing hours during certain events.
Finally, XS's dynamic leverage model automatically adapts your position based on the trading instrument and asset. For example, trading in gold has a maximum leverage of 1:2000, while BTC and ETH have 1:500.
What do you think about XS now?
XS is a global trading platform with multiple asset classes, delivering traders of any experience level the expertise and guidance for multiplying their portfolio's value. You can trade with almost any instrument known to the industry, fund your account in the major worldwide currencies, and benefit from automatic position change, all in one platform. As a customer, you’re assured of constant support from dedicated officers in real time. So, despite the account type you chose or the issue encountered, clients are safely trading and leveraging their positions.
Disclaimer
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.