Online trading has become one of the hottest buzzwords in the financial world. It is seeing more and more retail and institutional investors leaping for some profits – and for good reason. Online platforms offer high speed, reduced costs, great flexibility, and an extensive variety of tradeable assets to choose from. Therefore, people choose those platforms to manage their funds and hedge them against inflation or create a new revenue stream.
If you wish to engage in trading, keep the reputability of the brokerage platform at the forefront of your mind. Finding a trustworthy broker to process transactions that meets your expectations and needs might sound time-consuming. It doesn’t have to be so if you stick with industry leaders.
XS.com stands out as one of the best-favored brokerage platforms around. It is a global market leader in online trading, financial services, and the financial technology industry. The platform has shown commitment to innovation and user approachability. For this reason, we’re inspecting its offerings and achievements in order to ensure a rewarding collaboration that lasts.
The Path to Success
XS.com, also known as XS or XS Group, is one of the largest and strongest online brokerages. It boasts an unparalleled experience in offering solutions for a global audience that keeps expanding. The Group started in Australia in 2010 as a liquidity provider of contracts for difference products (CFDs) – instruments used to speculate on assets’ prices without owning them per se. The company has since introduced over 1000 tradeable CFD instruments in its product portfolio, besides the addition of Forex, commodities, indices, cryptocurrency, futures, etc.
Obeying the Rules
A good trading platform needs to ensure users’ commitment to their safety and reliable trading activities. Valid licenses in different jurisdictions greenlight all of those. Online brokers must register and secure licenses from reputable financial watchdogs. XS.com is a leading example, given its five certificates:
- Labuan Financial Services Authority, license NO. MB/21/0081
- Australian Securities and Investments Commission, license NO. 374409
- South African Financial Sector Conduct Authority, license NO. 53199
- Cyprus Securities and Exchange Commission, license NO. 412/22
- The Financial Services Authority in Seychelles, license NO. SD089.
Security as a Priority
Brokerage platforms can’t cut corners when it comes to user and fund security, particularly given their appeal to cyber criminals. So, the best vendors will employ various security measures to prevent related risks and offer users peace of mind.
XS.com uses a strong cybersecurity infrastructure consisting of state-of-the-art technology and ground-breaking solutions. It uses superior encryption protocols, robust digital controls, 2-step verification steps, and automated email notifications for account modifications.
XS.com keeps client funds separate from company funds by using segregated accounts. Some of the most trusted financial institutions worldwide manage those funds. This strategy ensures clients’ wealth is readily accessible and protected at all costs.
About the Free Insurance Protection
XS.com offers extra insurance to protect against losses between $10K and $5MN. Thus, it covers risks like fraud, negligence, omission, and other potential threats. Customers don’t pay anything for this protection program and can apply for damages if they encounter such issues.
The Civil Liability Insurance Program guarantees extensive protection for all clients and third parties working with the Group. It is underwritten by Lloyd’s of London, the largest specialist in the reinsurance and insurance market worldwide. Communities, businesses, and individuals have relied on experts to safeguard their belongings for over 330 years. XS’s contract makes the broker stand out as one of the most attentive brokers.
MetaTrader 4 and MetaTrader 5
XS.com offers access to first-rate trading platforms, such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5). The latter was built on the success of the former as a testament to the progress of online trading apps, providing users with a set of complex features designed to meet the various needs of modern traders. Trading with the latest platform calls for a contract with a broker, as it doesn’t offer access to financial markets by itself. XS.com emphasizes the importance of choosing a reliable and reputable broker that can act as an intermediary and handle transfers on their users’ behalf.
Despite the progress within MT5, MT4 remains just as popular as it was in its heyday, particularly among traders of pairs of currency. It stands out through versatility, intuitiveness, and simplicity for forex trading. On the other hand, MT5 meets the needs of modern investors, such as the demand for broader asset coverage, more trading flexibility, and superior analytical capabilities.
More Account Types
Account diversity is one of XS’s strongest suits. The platform offers beginners a standard account that asks for no deposits and commissions and offers a mean spread of 1.1. The cent account and micro account are also tailored to help newcomers grasp the workings of trading.
Seasoned traders can opt for the pro account, which is tied to a minimum benchmark of $500, zero commissions, an average spread of 0.7, and superior trading tools. They can also opt for the elite or VIP account, which has raw spreads and commissions for eligible deposits or average spreads of 0.1.
Lastly, those looking for partnerships with the XS can use the classic account, extra account, or plus account. As you can see, there’s something for every type of trader.
Endnote
As emphasized by the XS platform itself, it’s important to do your research and ensure your chosen broker ticks the most important boxes! After finding the best fit, ensure you stick with safe trading strategies and rules.
