XS Group Review - What to Expect From The Broker

XS Group is a multinational Fintech and financial services provider that started offering its services in 2010. This broker gives its traders access to a variety of CFD products across various asset classes. To access these market products, traders can use either MetaTrader 4 or MetaTrader 5. Notably, this broker has grown into a global market leader in the FinTech, financial services and online trading industry. 

It holds licences in various jurisdictions and offices in different locations around the globe. In this XS Group review, we will explore the key features of the broker to see what traders can expect from it. We will particularly focus on aspects such as the available trading platforms, the variety of market products offered, regulatory details, and the associated trading fees, among other factors.

Basic Information About XS Group

• Website Address: XS.com
• Instruments: CFDs on forex, shares, indices, metals, futures, commodities, energies, and cryptocurrencies.
• Minimum Deposit: No minimum deposit.
• Demo Account: Yes
• Trading Platform: MetaTrader 4, MetaTrader 5.
• Methods of Deposit and Withdrawal: Credit/Debit cards, Bank Transfers, Skrill, Neteller.

XS Group Trading Platforms

A crucial factor when selecting a broker is the range of trading platforms offered. Traders often prioritise brokers with multiple platform options to suit their preferences and trading styles. XS Group provides its clients with access to industry-leading trading platforms which include MetaTrader 4 and MetaTrader 5. These two platforms are user-friendly and feature-rich catering to both beginners and experienced traders. 

For starters, MT4 is one of the most popular trading platforms in the world with an arsenal of powerful trading tools. On XS.com, MT4 provides traders with access to advanced charting, automated trading through Expert Advisors (EAs), and a wide range of technical indicators. MT4 is available for desktop, web, and mobile devices, allowing traders to manage their positions from anywhere.

For traders looking for more advanced features, XS Group offers MT5, the successor to MT4. MT5 includes additional timeframes, more order types, and a built-in economic calendar. It also supports more complex trading strategies and has enhanced analytical tools. Understandably, it is a preferred choice for many experienced traders. MT5 is also available on all kinds of devices from desktops to mobile devices.

Assets Available On XS Group

XS Group offers an extensive range of trading instruments that allow investors to diversify their portfolios as they see fit. These instruments are all CFDs spread across various asset classes as highlighted below:

• Forex - Forex trading is at the core of XS Group's offerings. The broker provides access to a wide range of currency pairs, including major, minor, and exotic pairs.
• Indices - Traders can access a variety of global indices, representing major stock markets from around the world. These include popular indices like the S&P 500, FTSE 100, DAX 30, and Nikkei 225, among others.
• Shares - XS Group also allows its clients to trade shares of leading companies from around the world.
• Metals - Further, investors gain access to a vast range of metals with XS. here, they can trade CFDs on gold, silver, platinum, palladium, steel, and other metals.
• Futures - XS Group provides access to various futures contracts across commodities, currencies, indices, and other asset classes.
• Commodities - XS Group offers a diverse selection of commodities including cocoa, coffee, copper, corn, cotton, soybean, sugar, and wheat.
• Energies - Under this asset class, investors can trade CFDs on crude oil, natural gas, and other energy assets.
• Cryptocurrencies - Finally, the broker also offers trading in popular cryptocurrencies such as Bitcoin, Ethereum, and Litecoin, among others.

XS Group Demo Account and Demo Contests

XS Group offers its traders a demo account that provides a risk-free environment to practice their skills and test trading strategies. As expected, the demo account comes with virtual funds that traders can use in a simulated market environment. Opening a demo account is free and requires no initial deposit. Better yet, there is something for everyone on this demo account. New traders can get accustomed to the trading platform's interface and features. On the other hand, experienced traders can test new strategies or refine existing ones in a simulated environment.

On another positive note, XS Group regularly hosts demo contests where traders can win real cash prizes. To participate in these contests, a trader first needs to be verified. The minimum trading volume is 5 lots and the minimum number of positions is 10 positions. Both manual and EA trading are allowed in these contests.

XS Group Spreads and Fees

XS Group offers a competitive fee structure that varies depending on the account. In total, there are nine different accounts available to use. This means that there is an account to fit probably every trader profile in the world. The three primary accounts, referred to as preferred account types, include the Standard, the Cent, and the Micro accounts. All these three accounts feature spreads from as low as 1.1 pips for major currency pairs with no commission required. The difference between these three accounts is the markets traders can access and the platforms they can use.

Additionally, there are three different professional accounts available to traders. These include the Pro, the Elite, and the VIP accounts. The Pro account has a spread from as low as 0.7 pips for major currency pairs with no commission required. In contrast, the Elite account has a spread that starts from 0.1 pips on major currency pairs with a commission of $3 per side per lot. Meanwhile, the VIP account also has a spread from 0.1 pips with a commission depending on the size of the trade and the asset.

Finally, there are three different Partner Special accounts that include the Classic, the Extra, and the Plus accounts. The spreads are as low as 1.6 pips on the Classic account, 2.1 pips on the Extra account, and 0.1 pips on the Plus account. Under this category, only the Plus account has a commission of $5 per side per lot. Finally, this broker charges swap fees that depend on the asset and the size of the trade.

XS Group Security and Privacy Features

XS Group is relentless in the protection of its clients’ funds. The company continually invests in their infrastructure and deploys advanced security protocols to ensure the highest security standards are maintained to protect these funds. At the top of everything, XS Group works with reputable financial institutions to segregate client funds from company operational funds. To keep them in check, the broker regularly undergoes external audits to ensure that everything is in order. 

Further, this is not the only protection that clients receive from XS Group. The company helps safeguard client accounts by implementing 2-factor authentication to ensure their accounts do not fall into the hands of unauthorised individuals. It also ensures maximum privacy protection by implementing a strict data protection policy.

XS provides additional insurance to further protect client investments. The Civil Liability Insurance covers losses over $10,000 up to $5 million due to errors, fraud, negligence, or other issues that might cause traders financial harm. This extra protection is included at no cost to the trader.

XS Group PAMM Account

XS Group offers its traders an advanced Percentage Allocation Money Management (PAMM) solution. The PAMM account is designed to allow traders to benefit from the expertise of professional traders. Under this service, traders can invest in the accounts run by more experienced traders or even manage a PAMM account themselves. 

Traders can choose from a range of experienced account managers with varying risk profiles and investment strategies. Further, traders and PAMM managers share the profits based on a pre-agreed percentage relative to the investment amount. This incentivises the managers to perform well, as their earnings are directly tied to their trading success.

Please note that PAMM accounts still carry a lot of risk. While professional management can increase the chances of success, past performance is not indicative of future results. As such, thorough research of PAMM managers is necessary before investing.

XS Group’s Credibility

Before investing with a broker, it's crucial to assess their credibility. This involves verifying their regulatory status and reading customer reviews to gauge the quality of their services and reputation. Luckily, XS Group fairs well in both these categories. For starters, this broker has regulations from a variety of financial regulators around the world. These include the CySEC in Cyprus, the ASIC in Australia, the FSCA in South Africa, the FSA in Seychelles, and the LFSA in Malaysia. Note that regulations alone are never enough. However, brokers with regulations from multiple reputable financial authorities usually have a stronger reputation and instil greater confidence in clients.

Moreover, this broker boasts a strong rating on Trustpilot. It has an impressive 4.4 out of 5 stars based on 250 reviews, demonstrating high levels of customer satisfaction. Although this represents a relatively small sample size, it indicates that the majority of traders using this broker are pleased with its services.

Further, this broker has garnered a plethora of awards over the years. Being awarded in such a competitive industry demonstrates that the broker is a leader in its field. Awards are typically bestowed by independent organisations or industry experts. Some of the awards that XS Group has received include Best Multi-Asset Broker in North Africa at the Morocco Fintech Summit in 2024, the Broker of the Year award at the UF Awards Global 2024, and the Best Partnership Programs award at the Forex Traders Summit, among others.

XS Group’s Customer Support

Customer support is another crucial feature of online trading brokers. Traders are constantly reaching out to the customer support team for help and get their questions answered. On the XS Group trading site, traders have several ways to reach the support team. For starters, the live chat allows traders to engage in real-time conversations with a dedicated customer support officer for assistance. Additionally, traders can contact the company’s staff via the email [email protected]. Further, this broker has a strong social media presence that traders can further use as a support channel. The broker has social media accounts on Facebook, Instagram, Twitter, LinkedIn, and YouTube.

Final Verdict

Overall, XS Group appears as a well-rounded broker with a variety of offerings. It allows the trading of a wide range of CFD trading products across multiple asset classes using two world-class trading platforms. It has a strong regulatory background and offers competitive pricing on its various accounts. Moreover, positive customer reviews, particularly on platforms like Trustpilot, highlight the broker’s reliability and commitment to quality service. However, it's essential to conduct your own research and consider your individual trading needs before making a final decision.