XS.com Broker Review 2026: How to Open an Account on XS.com

Choosing a broker for trading is a big decision, so this article might help you know the key facts first.

In this XS.com broker review, we break XS.com down into 7 simple points. Once you finish reading, you will know whether XS.com fits your trading style.

What is XS.com

XS.com is a global multi-asset broker,  established in Australia in 2010. XS.com holds licenses in 8 jurisdictions, including ASIC (Australia) and CySEC (Cyprus).

Which XS.com Account Types Fit You?

XS.com Account Types are easiest to choose by trader profile. Find the one that sounds like you below. You will find more details of account types on this page.

1. Just started trading: If you are new to trading, start with Cent or Micro accounts. Both have no minimum deposit and let you trade in small amounts.

2. Want to trade multi-assets: The Standard account of XS.com does not have a minimum deposit amount. Also no commission and access to all seven asset classes.

3. Keep transaction costs low: Pro account averages 0.7 pips on EUR / USD with no commission. Minimum deposit is USD 500.

4. Want the narrowest spread: Elite account averages 0.1 pips, with a USD 6 round-turn commission. Minimum deposit is USD 500.

5. Trading high volume: VIP account is suitable for high-volume traders, averaging 0.1 pips. The minimum deposit is the highest too.

If you prefer a hands-off approach to trading, your option is copy trading. XS.com offers copy standard and copy pro, and they let you follow other traders on MT5.

How to Open Your XS.com Account?

You will be requested to submit the information and documents below to open an account with XS.

• Personal details, such as your full name, date of birth, home address, email, and phone number.

• Trading experience and financial details.

• ID document with a face picture, such as a passport, driver's license, or national ID.

• Proof of address

After you submit your information, you need to follow the steps.

1. Click Register on XS.com and fill in your details

2. Confirm your email address with the code XS.com sends you

3. Upload your documents for verification

4. Fund your account and start trading. XS.com emails you once your account is verified.

XS.com Review: What are Swap-free Accounts and Dynamic Leverage?

A swap is a small fee or credit for holding a trade position overnight. On XS, any position still open at 23:59 server time is subject to a swap.

Swap-free Accounts

Swap-free accounts are available for all account types on both MT4 and MT5. XS.comdoes not widen spreads or add management fees instead of swaps.

For residents of many Islamic countries, the swap-free status is applied automatically. There is a grace period for each financial instrument, though no such grace period applies to stocks.

What is Leverage?

Leverage is a mechanism that allows you to control a larger position using a smaller amount of capital, known as margin.

Dynamic Leverage

XS.comoffers dynamic leverage of up to 2000x through two different methods:

• Lot-based: Leverage decreases as the number of lots held for a specific instrument increases.

• Equity-based: Leverage decreases as the account's equity increases.

When your positions or account balance are small, you can utilize high leverage, allowing you to get started with a smaller margin. The system incorporates risk management by automatically lowering leverage as positions and effective margin increase.

XS.com Trading Platforms: MT4 or MT5

Each XS.com trading platform is suited for different purposes:

• MetaTrader 4 (MT4): For automated trading using Expert Advisors (EAs) and one-click trading.

• MetaTrader 5 (MT5): Depth of Market information, built-in economic calendar, and hedging.

Deposit and Withdrawal on XS

XS.com does not charge its own fees for deposits or withdrawals; however, banks or payment service providers may impose their own charges.

XS.com Prepaid Mastercard

The XS.com Prepaid Mastercard is a convenient option if you wish to access your trading funds immediately. This US dollar-denominated card, linked to the XS.com Wallet, allows for bidirectional fund transfers between the wallet and the card.

You can use it at stores, ATMs, and online, and all payments can be viewed in the XS.com Cards app. Availability may vary depending on your country of residence.

How Are Your Funds in XS.com Accounts Protected?

XS.com protects your funds through four key mechanisms:

1. Segregated Accounts: All client accounts are held separately from the company’s own funds.

2. Regulation: The company is licensed across eight jurisdictions.

3. Insurance: All live accounts are covered by a civil liability insurance program underwritten by Lloyd’s of London, at no additional cost to you.

   • Coverage: Losses resulting from errors, negligence, or misconduct by XS.com are covered for amounts exceeding 10,000 USD, up to a maximum of 5 million USD.

   • Exclusions: Losses resulting from your own trading activities are not covered.

4. Account Security Measures: Features include data encryption, optional two-factor authentication, and email notifications whenever a password is changed. Furthermore, the company undergoes regular external audits.

XS.com Tools to Help You Improve

XS.com AI Insights analyzes your trading history and identifies over 60 patterns of behavioral and cognitive biases.

XS.com also offers free courses, e-books, an economic calendar, and a variety of trading calculators.

For those who trade frequently, you can earn XS.com Trading Miles through eligible trades and exchange them for cash that can be withdrawn.

XS.com Pros and Cons

XS.com Pros

XS.com Cons

Final thought

The conclusion of our 2026 XS.com review is clear: XS.com is an easy-to-start broker that offers flexibility as you grow. With licenses in eight jurisdictions, segregated customer funds, and Lloyd's insurance, we provide a secure environment for trading.

If you are a beginner, consider starting with a demo account or a cent account; Once you've acquired the necessary skills, you can move on to a higher-level account.