XS.com Review

 

Overall, XS.com is a low-risk, well-regulated Forex Broker with very competitive trading fees. XS.com offers access to the easy-to-use MetaTrader 4 and MetaTrader 5 trading platforms paired with excellent customer support.  XS.com has a trust score of 91 out of 99.

 

🔎 Broker	🥇 XS.com
📈 Order Execution	5/5
Commissions and Fees	4/5
📉 Range of Markets	4/5
📊 Variety of Markets	4/5
⚙️ Withdrawal Speed	5/5
💖 Customer Support	5/5
🖥️ Trading Platform	4/5
🖍️ Education	2/5
📖 Research	2/5
📌 Regulation	4/5
📲 Mobile Trading	4/5
💯 Trust Score	91%

 

 

XS.com Review – Analysis of Brokers’ Main Features

 

1. ☑️ XS.com Overview
2. ☑️ XS.com Detailed Summary
3. ☑️ XS.com – Advantages Over Competitors
4. ☑️ Who will Benefit from Trading with XS.com?
5. ☑️ XS.com Safety and Security
6. ☑️ XS.com Affiliate Program
7. ☑️ XS.com Minimum Deposit
8. ☑️ XS.com Account Types and Features
9. ☑️ How to Open and Close an XS.com Account
10. ☑️ XS.com Basic Order Types
11. ☑️ XS.com MAM / PAMM Features
12. ☑️ XS.com Trading Platforms
13. ☑️ Which Markets Can You Trade with XS.com?
14. ☑️ XS.com Fees, Spreads, and Commissions
15. ☑️ XS.com Deposits and Withdrawals
16. ☑️ XS.com Customer Support
17. ☑️ XS.com Web Traffic Report
18. ☑️ XS.com vs FP Markets vs Exness – A Comparison
19. ☑️ XS.com Alternatives
20. ☑️ Our Experience with XS.com
21. ☑️ Recommendations according to our in-depth review of XS.com
22. ☑️ XS.com User Reviews
23. ☑️ Pros and Cons of Trading with XS.com
24. ☑️ In Conclusion
25. ☑️ Frequently Asked Questions

 

 

XS.com Overview

 

Since its inception in 2010, XS.com has evolved as a key participant in the FinTech and online trading industries, providing a varied range of services customized to the needs of South African traders.

XS.com’s powerful trading platforms, MetaTrader 4 and MetaTrader 5, give advanced tools, real-time market data, and several technical indicators to South African traders, boosting their trading experience.

The broker’s dedication to regulatory compliance and security and a diverse range of account types ranging from Cent to VIP appeals to both beginner and seasoned traders.

XS.com compensates for its lack of a specialized instructional component with extensive asset management tools and bilingual customer assistance, giving it a reliable choice for South Africans looking for a varied and secure trading environment.

 

 

XS.com Detailed Summary

 

🔎 Broker	🥇 XS.com
📌 Headquartered	Australia
🌎 Global Offices	Australia, Seychelles, Cyprus
📍 Local Market Regulators in South Africa	Financial Sector Conduct Authority (FSCA)
➡️ Foreign Direct Investment in South Africa	10309.28 billion ZAR
📈 Foreign Exchange Reserves in South Africa	46.3 billion ZAR
📉 Regulation	ASIC, CySEC, FSA
📊 Regional Restrictions	United States, Iran, North Korea
☪️ Islamic Account	✅Yes
🆓 Demo Account	✅Yes
⏰ Non-expiring Demo	✅Yes
⏱️ Demo Duration	Unlimited
6️⃣ Retail Investor Accounts	6
💹 PAMM Accounts	MAM
🤝 Affiliate Program	Yes, several
🖥️ Order Execution	Instant, Market
🫰🏻 One-Click Trading	✅Yes
🚩 Scalping	✅Yes
🧱 Hedging	✅Yes
📖 Expert Advisors	✅Yes
📰 News Trading	✅Yes
📈 Trading API	✅Yes
📉 Starting spread	0.1 pips
📊 Minimum Commission per Trade	From $6 per lot traded
💱 Decimal Pricing	5th Decimal after the comma
🅰️ Margin Call	60% - 40%
🅱️ Stop-Out	20% - 10%
📈 Minimum Trade Size	0.01 lots
📉 Maximum Trade Size	100 open orders
🪙 Crypto trading offered	✅Yes
▶️ Maximum Leverage	1:1000
⏩ Leverage Restrictions for South Africa	Yes, depending on the account type
💴 Minimum Deposit (ZAR)	0 ZAR ($0)
💵 Deposit Currencies	EUR, USD, GBP
💶 Account Base Currency	USD
👥 Active South Africa Trader Stats	200,000+
🔃 South Africa Daily Forex Turnover	13.1 billion USD
⌚ Minimum Withdrawal Time	Instant
⏲️ Maximum Estimated Withdrawal Time	10 working days
🔖 Instant Deposits and Instant Withdrawals	✅Yes
🏷️ Customer Support Languages	Multilingual
⏰ Customer Service Hours	24/7
😎 Most Successful Trader in South Africa	Ref Wayne (500 million USD+)
❤️ Is XS.com a safe broker for South African Traders	✅Yes
7️⃣ Rating for XS.com South Africa	7/10
💯 Trust score for XS.com South Africa	91%

 

 

XS.com – Advantages Over Competitors

 

XS.com has the following advantages over competitors:

 

• ✅ With customer care available in different languages, South African traders can receive support in a language familiar to them, boosting the entire customer service experience.
• ✅ Forex, indices, equities, precious metals, energy, cryptocurrencies, futures, and commodities are all available on XS.com. This variety allows South African traders to diversify their portfolios and explore new markets.
• ✅ South African traders now have access to strong market analysis tools such as real-time data, customized charts, and a wide selection of technical indicators thanks to the availability of MetaTrader 4 and MetaTrader 5 platforms. These platforms are well-known for their ease of use and powerful features.
• ✅ The high regulatory requirements followed by XS.com and its emphasis on security are especially encouraging for traders in South Africa, where regulatory compliance is a major worry. This pledge strengthens the broker’s credibility.
• ✅ The Cent, Standard, Micro, Elite, Pro, and VIP account categories offered by XS.com cater to traders with varied degrees of experience and cash. This adaptability enables South African traders to select an account that matches their trading style and financial capacity.
• ✅ The lack of fees on deposits and withdrawals is a key benefit for South African traders, making financial transactions more cost-effective.
• ✅ Customer service is available around the clock, so South African traders may obtain help whenever needed, regardless of time zone differences.
• ✅ The introduction of Islamic accounts caters to South Africa’s Muslim population by providing a swap-free trading environment per Shariah law.
• ✅ Competitive spreads, particularly on Elite and VIP accounts, and a commission-free structure on most accounts make the broker an appealing option for cost-conscious traders.
• ✅ With leverage options up to 1:1000 on some accounts, XS.com allows South African traders to trade larger positions, which can appeal to experienced traders.
• ✅ The practice of XS.com of holding client cash in separate accounts adds an extra layer of financial security, which is critical for traders concerned about the safety of their capital.

 

 

and many, MANY more!

 

 

Who will Benefit from Trading with XS.com?

 

• ✅ The availability of Islamic Swap-Free accounts makes XS.com an appealing alternative for South Africa’s Muslim community. These accounts adhere to Shariah law by not charging interest on overnight positions, harmonizing with Muslim traders’ financial principles.
• ✅ The availability of multilingual customer service 24 hours a day, 7 days a week, is a large benefit for South African traders who may want assistance at any moment. Accessing assistance in several languages ensures traders can communicate effectively and quickly address concerns.
• ✅ The commitment of XS.com to regulatory compliance and the protection of client funds is reassuring for South African traders who place a premium on the security of their investments. The broker’s compliance with international regulatory norms and the practice of segregating customer funds ensures a secure trading environment.
• ✅ South African traders who want strong and feature-rich trading environments will appreciate XS.com’s integration of MetaTrader 4 and MetaTrader 5 platforms. These platforms provide comprehensive charting tools, real-time data, and a wealth of technical indicators to meet the demands of both novice and experienced traders.
• ✅ The broker’s competitive spreads, especially on higher-tier accounts, plus the lack of deposit and withdrawal fees, make XS.com a cost-effective option for traders concerned about transaction costs.
• ✅ The Elite, Pro, and VIP accounts are designed for experienced traders and professionals. These accounts provide more competitive spreads, greater leverage, and access to a wider range of markets. Experienced South African traders looking for enhanced tools and direct market access will find these accounts useful for their sophisticated trading techniques.
• ✅ Beginners in the trading market will appreciate XS.com’s various account kinds, such as Cent, Standard, and Micro. These accounts are designed for beginners with lower risk and simpler trading conditions. Its lack of minimum deposit restrictions and commission-free trading structure make it a perfect platform for people new to trading.

 

 

South African traders wishing to diversify their portfolios will profit from the diverse selection of tradable assets offered by XS.com. The platform allows traders to spread their risk across many markets by providing access to Forex, indices, stocks, precious metals, energy, cryptocurrencies, futures, and commodities.

 

 

What range of markets can South African traders access with XS.com?

With XS.com, South African traders can access various markets, including Forex, indices, stocks, and cryptocurrencies.

 

Does XS.com offer any Islamic account options for South African traders?

Yes, XS.com offers Islamic Swap-Free accounts to meet the demands of South African Muslim traders.

 

 

 

XS.com Safety and Security

 

XS.com is not currently regulated by the Financial Sector Conduct Authority (FSCA). However, XS.com’s global regulations are listed in the table below.

 

XS.com Global Regulations

 

🔎 Registered Entity	🌎 Country of Registration	📈 Company Reg.	📉 Regulatory Entity	📊 Tier	📌 License Number/Ref
1️⃣ XS Prime Ltd	Australia	ABN 92 141 194 934	ASIC	1	AFSL 374497
2️⃣ XS Markets Ltd	Cyprus	HE 386563	CySEC	2	412/22
3️⃣ XS Ltd	Seychelles	N/A	FSA	3	SD089

 

XS.com Protection of Client Funds

 

🔎 Security Measure	ℹ️ Information
🔒 Segregated Accounts	✅Yes
🔏 Compensation Fund Member	✅Yes
🔐 Compensation Amount	$5,000,000
🔓 SSL Certificate	✅Yes
🗝️ 2FA (Where Applicable)	✅Yes
🔑 Privacy Policy in Place	✅Yes
🔒 Risk Warning Provided	✅Yes
🔏 Negative Balance Protection	✅Yes
🔐 Guaranteed Stop-Loss Orders	None

 

Security while Trading

 

The commitment of XS.com to regulatory compliance is key to its operations, instilling trust and transparency among financial market participants.

XS.com possesses several international regulatory licenses, including Tier-1, Tier-2, and Tier-3 authorities, assuring compliance with stringent worldwide financial requirements. These several rules ensure that XS.com follows stringent guidelines, protecting trader interests.

Fund security is a top priority for XS.com, which uses fund segregation to separate customer assets from operational capital.  In the case of financial crisis or insolvency, this precaution protects traders’ investments. For example, SSL encryption and two-factor authentication help secure personal and financial data from unwanted access and cyber threats.

However, it is important to note that XS.com is not regulated by the South African Financial Sector Conduct Authority (FSCA).  While it follows international norms, South African traders should consider the lack of local regulatory monitoring and investor protection systems unique to their location.

 

Regulation and Safety of Funds – Pros and Cons

 

✅ Pros	❎ Cons
XS.com is regulated by at least one Tier-1 regulatory entity in Australia	The FSCA does not regulate XS.com
XS.com applies negative balance protection to retail accounts	XS.com’s investor protection might not be available to South Africans
XS.com has a good reputation in the forex and CFD industry as a trusted broker	XS.com does not provide guaranteed stop-loss orders (GSLO)

 

 

What regulatory bodies oversee XS.com’s operations in South Africa?

XS.com is regulated by several organizations, including ASIC, CySEC, and the FSA, and provides a safe trading environment for South Africans.

 

How does XS.com protect the funds of South African traders?

Through segregated accounts and a Civil Liability Insurance Program, XS.com assures the safety of South African traders’ cash.

 

 

 

XS.com Affiliate Program

 

The XS.com Affiliate Program provides a dynamic range of partnership options for South Africa’s broad market.  The Introducing Brokers (IB) Program, Digital Affiliates Program, and Influencers Program are all part of this program, and each is designed to appeal to different sorts of partners with varied perks and prospects.

 

Introducing Brokers Program

 

This program is perfect for individuals or organizations in South Africa who want to earn commissions by referring new clients to XS.com. It offers extensive customization options, enabling partners to work from any location – a significant benefit given the market size in South Africa.

Furthermore, South African partners can promote through various channels, such as websites and social media, crucial tools for reaching large audiences.

In addition, daily awards, advanced reporting facilities, and exclusive marketing resources are available exclusively for our partners’ use – making this program ideal for growing your business while enhancing client satisfaction at every turn.

 

Digital Affiliates Program

 

Digital marketers in South Africa, such as website owners, bloggers, and email marketers, can benefit from a lucrative opportunity. This program rewards partners for referring active traders, perfect for those with significant online influence.

In addition, South African partners are provided with their personalized relationship manager, effective tracking tools, and promotional content to give them the best chance at success.

 

Influencers Program

 

Tailored to cater to individuals with significant online or offline influence, this strategy leverages branding and customer loyalty in the promotion of XS.com.

Through partnerships with influencers and brand ambassadors in South Africa – who enjoy a strong affiliation with an esteemed financial services company – it aims to introduce a wider audience to the unparalleled technological advancements powering the firm’s trading platforms.

 

Partner Accounts – Extra and Classic

 

These accounts are intended to fulfill the demands of partners who want to optimize their earnings while providing value-added services to their clients.

The Extra account provides the greatest refunds and features, such as consistent spreads and ultra-fast market execution, making it ideal for high-speed trading settings. It is compatible with a wide range of trading instruments and is accessible on both the MT4 and MT5 platforms.

The Classic account is popular due to its greater pay-outs. It caters to novice and expert traders, providing a streamlined trading experience with access to more than seven asset classes.

 

 

How to open an Affiliate Account with XS.com

 

To register an Affiliate Account, South African traders can follow these steps:

 

• ✅ The initial step for South African traders and influencers interested in the affiliate program is to visit the XS.com website.
• ✅ The Affiliate Program can be found and clicked on the XS.com website under the “Partners” section. This portion is designed to accommodate different types of joint ventures.
• ✅ Choose from Introducing Brokers, Asset Managers, Local Partners, Digital Affiliates, Influencers, and Educational Experts, among other affiliate connections that XS.com offers. This decision should align with your South African network and professional experience.
• ✅ Complete the application form with your professional and personal information. Ensure your information accurately represents your grasp of the local market and possible reach as a South African.
• ✅ Go over the terms and conditions of the Affiliate Program carefully and accept them. Aspects like commission structures are important to pay particular attention to to comprehend your potential revenue fully.
• ✅ You will be able to access a customized affiliate dashboard after registering. This portal is crucial for keeping track of your recommendations, getting access to marketing materials, and keeping an eye on your output.
• ✅ Use the connections and resources offered to spread the word about XS.com throughout your South African network. Use your local knowledge to promote your business effectively through social media, blogging, or direct recommendations.

 

 

Watch your affiliate dashboard to monitor your revenue and progress. With the help of the dashboard’s real-time analytics, you can improve your affiliate marketing tactics and reach the full potential of the South African market.

 

 

Are there any specific requirements for South Africans to become XS.com affiliates?

No, there are not. However, while XS.com does not have specific requirements for South African affiliates, affiliates must normally agree to the program’s terms and conditions and have a platform or channel for promotion.

 

How do South Africans earn commissions as XS.com affiliates?

South African affiliates earn commissions by referring active traders to XS.com, with earnings based on the traders’ activities.

 

What unique features does the XS.com Affiliate Program offer to South Africans?

XS.com provides South Africans benefits such as daily prizes, extensive reporting tools, and exclusive marketing materials.

 

Does XS.com offer any special tools or resources for South African affiliates?

Yes, XS.com offers a variety of resources to South African affiliates, including a personalized dashboard, tracking links, and marketing materials.

 

 

 

XS.com Minimum Deposit

 

🔎 Live Account	💶 Minimum Dep.
🥇 Cent Account	0 ZAR / $0
🥈 Standard Account	0 ZAR / $0
🥉 Micro Account	0 ZAR / $0
🏅 Elite Account	9,500 ZAR / $500
🎖️ Pro Account	18,900 ZAR / $1,000
🏆 VIP Account	1.9 million ZAR / $100,000

 

 

How much must I deposit to start trading with an XS.com Pro Account in South Africa?

South African traders must make a minimum deposit of 18,900 ZAR ($1,000) to open a Pro Account with XS.com.

 

Are there any deposit fees for South African traders on XS.com?

No, South African traders do not face any deposit fees from XS.com.

 

 

 

XS.com Account Types and Features

 

🔎 Live Account	💶 Minimum Dep.	📈 Average Spread	📉 Commissions	📊 Average Trading Cost
🥇 Cent	0 ZAR	1.1 pips	None	11 USD
🥈 Standard	0 ZAR	1.1 pips	None	11 USD
🥉 Micro	0 ZAR	1.1 pips	None	11 USD
🏅 Elite	9,500 ZAR	0.1 pips	$6	7 USD
🎖️ Pro	18,900 ZAR	0.7 pips	None	7 USD
🏆 VIP	1.9 million ZAR	0.1 pips	None	1 USD

 

XS.com Cent Account

 

The Cent Account at XS.com is ideal for South African beginners. This account type uses cent lots, decreasing the minimum deposit requirement for beginners or those with minimal capital. The commission-free account has stable, low spreads.

Furthermore, the Cent Account is perfect for cautious newbies or low-risk strategy testers. South African traders new to forex or who prefer smaller transaction volumes will like the Cent Account.

 

💴 Minimum Deposit Required	0 ZAR
🔟 Maximum Number of Accounts	10
🆓 Access to a Demo Account	None
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
⚙️ Markets that can be traded	Forex Precious Metals
🖥️ Available Platform for Account Type	MetaTrader 5
📈 Average Spreads Charged	1.1 pips
📉 Commission Fees Charged	None; only the spread is charged
📊 Stop Level	0
💹 Minimum Position Size	0.01 lots
▶️ Maximum Volume Per Order (Day)	500 Standard Cent Lots
⏩ Maximum Volume Per Order (Night)	500 Standard Cent Lots
🖇️ Maximum Pending Orders	500 Standard Cent Lots
⛔ Maximum Open Orders	500 Standard Cent Lots
📈 Maximum Pending and Open Orders	1,000 Standard Cent Lots
📉 Maximum Account Leverage	1:1000
📊 Margin Call (%)	60%
📌 Stop-Out Level (%)	10%
📍 Hedged Margin	0

 

 

XS.com Standard Account

 

XS.com’s Standard Account is flexible for new and seasoned South African traders. It balances competitive spreads and ultra-fast market execution across over seven asset types.

This account type is available on MT4 and MT5, making it ideal for traders who want a simple, full trading experience without minimum deposits. Therefore, South African traders looking for a simple, effective solution could consider it.

 

💴 Minimum Deposit Required	0 ZAR
🔟 Maximum Number of Accounts	10
🆓 Access to a Demo Account	✅Yes
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
📌 Markets that can be traded	MetaTrader 4: Forex, Metals, Crypto, Energies, Indices MetaTrader 5: Forex, Metals, Crypto, Energies, Indices, Futures, Shares, Commodities
📍 Available Platform for Account Type	MetaTrader 4 MetaTrader 5
📈 Average Spreads Charged	1.1 pips
📉 Commission Fees Charged	None; only the spread is charged
💹 Minimum Position Size	100,000 (Standard Lot)
💱 Maximum Volume Per Order (Day)	100 Lots
▶️ Maximum Volume Per Order (Night)	50 Lots
⚙️ Maximum Account Leverage	1:500
📈 Margin Call (%)	40%
⛔ Stop-Out Level (%)	20%

 

 

XS.com Micro Account

 

The XS.com Micro Account allows trading in smaller volumes, with 1 Micro Lot equal to 1,000 units. South African traders who want to trade real money but are wary about risking a lot can use this account.

It offers Forex and Metals on MT5 with low spreads and no commissions. This account is popular with beginner traders for its lower risk and seasoned traders for real-time strategy testing.

 

💴 Minimum Deposit Required	0 ZAR
🔟 Maximum Number of Accounts	10
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
⚙️ Markets that can be traded	Forex Metals Energies Indices
🖥️ Available Platform for Account Type	MetaTrader 5
📈 Average Spreads Charged	1.1 pips
📉 Commission Fees Charged	None; only the spread is charged
📊 Minimum Position Size	0.01 lots
💹 Maximum Volume Per Order (Day)	500 micro-lots
📌 Maximum Volume Per Order (Night)	500 micro-lots
📍 Maximum Pending Orders	500 micro-lots
↪️ Maximum Open Orders	500 micro-lots
▶️ Maximum Pending and Open Orders	1,000 micro-lots
📈 Maximum Account Leverage	1:1000
📉 Margin Call (%)	60%
📊 Stop-Out Level (%)	20%

 

 

XS.com Elite Account

 

With ultra-low spreads and quick market execution, the Elite Account gives traders a competitive edge. High-volume traders and professionals in South Africa can use this account type for raw spreads, commissions, and direct market access.

The Elite Account on MT4 and MT5 offer deeper liquidity and cheaper trading fees across over seven asset classes. It’s ideal for sophisticated South African traders who want the greatest circumstances.

 

💴 Minimum Deposit Required	9,500 ZAR
🔟 Maximum Number of Accounts	10
🆓 Access to a Demo Account	✅Yes
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
⚙️ Markets that can be traded	MetaTrader 4: Forex, Metals, Crypto, Energies, Indices MetaTrader 5: Forex, Metals, Crypto, Energies, Indices, Futures, Shares, Commodities
🖥️ Available Platform for Account Type	MetaTrader 4 MetaTrader 5
📈 Average Spreads Charged	0.1 pips
📉 Commission Fees Charged	$6 per lot traded
📊 Minimum Position Size	0.01 lots
💹 Maximum Volume Per Order (Day)	100 standard lots
📌 Maximum Volume Per Order (Night)	50 standard lots
📍 Maximum Pending Orders	600 standard lots (MetaTrader 4)
▶️ Maximum Open Orders	600 standard lots (MetaTrader 4)
⏩ Maximum Pending and Open Orders	600 standard lots (MetaTrader 4)
📈 Maximum Account Leverage	1:500
📉 Margin Call (%)	40%
📊 Stop-Out Level (%)	20%

 

 

XS.com Pro Account

 

The Pro Account is for traders who want market access and low trading charges. No commissions and the market’s lowest spreads make it ideal for cost-effective trading.

This account type is ideal for South African traders who want fast execution and a large variety of trading instruments across asset classes on MT4 and MT5. It’s ideal for South African traders seeking cost efficiency and a variety of trading instruments.

 

💴 Minimum Deposit Required	18,900 ZAR
🔟 Maximum Number of Accounts	10
🆓 Access to a Demo Account	✅Yes
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
📈 Markets that can be traded	MetaTrader 4: Forex, Metals, Crypto, Energies, Indices MetaTrader 5: Forex, Metals, Crypto, Energies, Indices, Futures, Shares, Commodities
📉 Available Platform for Account Type	MetaTrader 4 MetaTrader 5
📊 Average Spreads Charged	0.7 pips
💶 Commission Fees Charged	None; only the spread is charged
💹 Minimum Position Size	0.01 lot
💱 Maximum Volume Per Order (Day)	100 standard lots
↪️ Maximum Volume Per Order (Night)	50 standard lots
📌 Maximum Pending Orders	600 standard lots (MetaTrader 4)
📍 Maximum Open Orders	600 standard lots (MetaTrader 4)
▶️ Maximum Pending and Open Orders	600 standard lots (MetaTrader 4)
⏩ Maximum Account Leverage	1:500
📈 Margin Call (%)	40%
📉 Stop-Out Level (%)	20%

 

 

XS.com VIP Account

 

XS.com’s VIP Account offers the best trading conditions for high-volume traders and investors. This account delivers unfiltered spreads at the lowest commissions, making high-volume trading affordable. It offers access to over seven asset classes only on MT5.

Experienced South African traders and investors who want optimal trade conditions, maximum liquidity, and a personalized trading experience should use this account type.

 

💴 Minimum Deposit Required	1.9 million ZAR
🔟 Maximum Number of Accounts	10
🆓 Access to a Demo Account	✅Yes
☪️ Access to an Islamic Swap-Free Conversion	✅Yes
💵 Account Base Currency	USD
📌 Markets that can be traded	Forex Metals Crypto Energies Indices Futures Shares Commodities
📍 Available Platform for Account Type	MetaTrader 5
📈 Average Spreads Charged	0.1 pips
📉 Commission Fees Charged	None; only the spread is charged
💹 Minimum Position Size	0.01 lot
💱 Maximum Volume Per Order (Day)	100 standard lots
▶️ Maximum Volume Per Order (Night)	50 standard lots
⏩ Maximum Account Leverage	1:500
🅰️ Margin Call (%)	40%
🅱️ Stop-Out Level (%)	20%

 

 

XS.com Demo Account

 

The XS.com Demo Account provides traders with a risk-free environment to become acquainted with the platform and practice trading methods.

This demo account, available for Standard, Elite, Pro, and VIP account types, replicates real market circumstances, allowing users to trade and invest in a wide range of financial assets.

The XS.com demo account is especially advantageous for beginners because it gives them access to more than seven asset classes on the MetaTrader 4 and MetaTrader 5 platforms. Because of the infinite demo period, it is an excellent tool for beginner and expert traders to hone their skills.

 

 

XS.com Islamic Account

 

Designed for Muslim traders, XS.com’s Islamic Swap-Free account adheres to Shariah law by eliminating interest costs on overnight positions. This account type is accessible on the MetaTrader 4 and MetaTrader 5 platforms for all live trading accounts, including Cent, Standard, Micro, Elite, Pro, and VIP.

It provides a swap-free trading environment with no rollover interest, which is critical for traders who adhere to Islamic financial standards.

Furthermore, the Islamic account combines high-leverage options with hedged margins, making it an appealing option for traders looking for a Shariah-compliant trading experience with the extensive platform features of XS.com.

 

 

Account Types and Features – Pros and Cons

 

✅ Pros	❎ Cons
South Africans can open an unlimited demo account with XS.com before they invest money	XS.com does not offer a ZAR-denominated account to South Africans
There is a Cent and Micro Account, ideal for beginners once they upgrade from the demo	Entry-level spreads are extremely wide
There are flexible account types that suit all trading experiences and strategies	The demo account is only available on the Standard, Elite, VIP, and Pro Accounts

 

 

Does XS.com offer a demo account for South African traders?

Yes, XS.com offers South African traders a demo account in a variety of account kinds.

 

Can South African traders access MetaTrader 5 with all XS.com account types?

Yes, all XS.com account types allow South African traders to use MetaTrader 5.

 

 

 

How to Open and Close an XS.com Account

 

To open an account with XS.com, South Africans can follow these steps:

 

• ✅Scroll down the homepage of the XS.com website.
• ✅ Click the “Join XS Now” button to begin the account creation procedure.
• ✅ Type personal information into the appropriate fields, such as your name and country of residence, including South Africa.
• ✅ Consider your trading skills and needs before selecting an account type such as Cent, Standard, Micro, Elite, Pro, or VIP.
• ✅ Read and agree to the terms and conditions of XS.com, including privacy policies and risk disclosures.
• ✅ Complete the registration process and fund your account using various ways, such as a bank transfer or credit/debit card.

 

 

Once the account has been registered and financed, begin trading with the provided platforms, MetaTrader 4 or MetaTrader 5.

 

To close a live trading account with XS.com, South African traders can follow these steps:

 

• ✅ Contact XS.com’s customer service representatives via live chat, email, or website.
• ✅ Upload and provide the required identity and account details to prove you are the account owner.
• ✅ Ensure that all open positions have been closed and that any unpaid fees or penalties are paid.
• ✅ Comply with the guidance the customer support team sent, which can involve completing a closure request form.

 

 

After submitting the account closure request, watch for an email from XS.com verifying that the account has been closed successfully.

 

 

Are South African traders required to choose an account type during the XS.com registration process?

Yes, while registering with XS.com, South African traders must choose an account type such as Cent, Standard, or VIP.

 

What personal information is required for South Africans to register with XS.com?

To register with XS.com, South Africans must submit their first name, last name, and country of residence.

 

Are there any specific forms South African traders need to complete to close their XS.com account?

South African traders might be required to submit a closure request form or a letter request to XS.com.

 

Is there a fee for South African traders to close their XS.com account?

No, XS.com normally does not charge a fee for South African traders to close their accounts.

 

 

 

XS.com Basic Order Types

 

XS.com’s basic order types include:

 

• ✅ A market order can be either a buy or a sell order that executes at the current market price. This is the current price displayed on your price chart. If you place a market order, you will be immediately entered at the best available price.
• ✅ Market orders are most effective when a trading opportunity requires prompt action. Click buy/sell at the market to enter the trade immediately.
• ✅ A stop order can be either a buy or sell stop, depending on whether you wish to purchase above or below the market.
• ✅ This is useful for trading breakouts or trend continuation strategies when you want the market to continue moving in the same direction.

 

 

Alternatively, if you believe the price will reverse when it reaches a certain price, you can place a limit order.

 

 

XS.com MAM / PAMM Features

 

The Asset Management Solutions from XS.com provide a strong foundation for managing client investments and are designed specifically for professional traders, money managers, and asset managers in South Africa.

With view-only access, this service lets investors trust their accounts to knowledgeable traders who combine experience and strategic trading while preserving transparency.

In addition, the solutions are all-inclusive and meet various trading and investment requirements, essential for the diversified South African market.

Fast and dependable trade execution is made possible by the platform’s cutting-edge technology, essential for professional trading. One of its most notable features is its customized experience, with experts offering guidance specific to each client’s needs.

This feature is especially helpful for South African investors looking for specialized investing techniques.

Diversified investment portfolios are necessary for efficient risk management and taking advantage of market opportunities, and the platform’s access to a wide range of asset classes makes this possible.

Furthermore, XS.com’s sophisticated reporting features enable real-time performance monitoring, enabling well-informed decision-making and strategy revisions in line with the changing demands of the South African financial markets.

 

 

Are XS.com’s MAM/PAMM accounts regulated for South African users?

Yes, XS.com’s MAM/PAMM accounts are regulated, giving South African users a compliant trading environment.

 

What trading platforms are available for South Africa for XS.com’s MAM/PAMM accounts?

South African traders can access XS.com’s MAM/PAMM accounts using MetaTrader 4 and MetaTrader 5.

 

 

 

XS.com Trading Platforms

 

XS.com offers South African traders a choice between these trading platforms:

 

• ✅ MetaTrader 4
• ✅ MetaTrader 5

 

 

XS.com MetaTrader 4

 

MetaTrader 4 (MT4), available from XS.com, is an excellent platform for South African traders who appreciate a user-friendly interface with extensive capabilities. MT4, well-known for its dependability and effectiveness, is a top choice for Forex trading, which is especially popular in South Africa.

The platform provides various technical analysis tools, such as several charting options and a profusion of indicators necessary for conducting in-depth market analysis.

South African traders can benefit from MT4’s access to diverse markets, including Forex, commodities, cryptocurrencies, energy, and indices, making it ideal for a comprehensive trading strategy.

Furthermore, MT4’s user-friendliness makes it accessible to even novice traders, while its comprehensive features cater to more experienced traders seeking detailed market information and rapid trade execution.

 

 

XS.com MetaTrader 5

 

MetaTrader 5 (MT5), offered by XS.com, is a sophisticated platform for South African traders looking for greater functionality and better market access. MT5 is an advancement over MT4, including greater analytical tools, expanded charting capabilities, and support for more timeframes and order types.

These capabilities are especially useful for South African traders who want to use more advanced trading techniques and conduct in-depth market analysis. The platform’s inclusion of an economic calendar greatly benefits staying updated on market-moving news.

The flexibility of MT5 to trade in various markets makes it a versatile alternative for South African traders who want to diversify their portfolios.

Furthermore, the platform’s superior technology and many trading tools and financial instruments make it ideal for experienced South African traders looking for a more extended trading environment.

 

Pros and Cons XS.com Trading Platforms

 

✅ Pros	❎ Cons
XS.com offers several accounts on each of the two offered platforms	XS.com’s MetaTrader 4 is not available to all trading accounts
South Africans can trade from anywhere in the world using the MT4 or 5 mobile apps for iOS and Android	XS.com does not offer a demo account across all live trading accounts
XS.com offers a range of instruments through each platform	XS.com does not have a proprietary trading platform

 

 

Are XS.com’s trading platforms mobile-friendly for traders in South Africa?

Yes, South African traders can use the MetaTrader 4 and MetaTrader 5 platforms on their mobile devices.

 

Are there any platform-specific trading limits for South African traders on XS.com?

Yes, trading limits on the XS.com platforms may differ depending on the account type selected by South African traders.

 

 

 

Which Markets Can You Trade with XS.com?

 

South African traders can expect the following range of markets from XS.com:

 

• ✅ Forex
• ✅ Indices
• ✅ Shares
• ✅ Precious Metals
• ✅ Energies
• ✅ Cryptocurrencies
• ✅ Futures
• ✅ Commodities

 

 

Financial Instruments and Leverage offered by XS.com

 

🔎 Instrument	🅰️ Number of Assets Offered	🅱️ Max Leverage Offered
📈 Forex	45	Cent and Micro – 1:1000 All other accounts – 1:500
📉 Indices	13	1:100
📊 Shares	Number unpublished	1:20
💎 Precious Metals	6	1:200
💡 Energies	3	1:100
🪙 Cryptocurrencies	10	1:20
💹 Futures	5	1:100
🍎 Commodities	8	1:50

 

Broker Comparison for a Range of Markets

 

🔎 Broker	🥇 XS.com	🥈 FP Markets	🥉 Exness
📈 Forex	✅Yes	✅Yes	✅Yes
💎 Precious Metals	✅Yes	✅Yes	✅Yes
📉 ETFs	None	None	None
📊 CFDs	✅Yes	✅Yes	✅Yes
💹 Indices	✅Yes	✅Yes	✅Yes
💱 Stocks	✅Yes	✅Yes	✅Yes
🪙 Cryptocurrency	✅Yes	✅Yes	✅Yes
📌 Options	None	None	None
💡 Energies	✅Yes	✅Yes	✅Yes
📍 Bonds	None	None	None

 

XS.com Range of Markets – Pros and Cons

 

✅ Pros	❎ Cons
XS.com offers maximum leverage of up to 1:1000 on Micro and Cent accounts	XS.com does not offer any local CFDs on indices or shares to South Africans
South Africans can trade exotic currency pairs that contain ZAR on MT4 and 5	Negative balance protection will not stop traders from losing their invested capital

 

 

Can South African traders access Forex markets on XS.com?

Yes, South Africans can trade various Forex pairs on XS.com.

 

Can South African traders access futures markets on XS.com?

Yes, futures trading is offered on XS.com for South African traders.

 

 

 

XS.com Fees, Spreads, and Commissions

 

XS.com Spreads

 

XS.com provides varied spreads according to the account type. Spreads start at 1.1 pips for South African traders utilizing Cent, Standard, and Micro accounts, and are included in the pricing and do not incur additional commission charges.

Spreads can be substantially lower for more experienced traders using Elite, Pro, and VIP accounts, starting as low as 0.1 pips, providing a more cost-effective trading environment for high-volume trading.

Below are some of the typical spreads that South Africans can expect depending on their account type and financial instrument being traded:

 

 

XS.com Commissions

 

XS.com only charges commission fees on the Elite Account. XS.com levies a $6 per lot traded commission on this account and provides raw spreads and direct market access.

This is especially useful for high-volume traders in South Africa, who can use these conditions to save money. All other XS.com accounts have higher spreads because they include the broker fee to facilitate the trade.

 

XS.com Overnight Fees

 

Overnight costs are applied to positions that are held open overnight. Rates differ depending on the financial instrument and the kind of account.

According to Islamic financial principles, south African traders who choose the Islamic Swap-Free account option avoid these costs. Others must factor these fees into their trading strategy, especially when holding positions for an extended period.

Below, South Africans can view the typical overnight fees according to the financial instrument and position:

 

🔎 Instrument	➡️ Short (Sell) Swap	↪️ Long (Buy) Swap
📈 EUR/USD	0.35087	-0.96235
📉 USD/ZAR	8.83400	-31.94064
📊 XAG/USD	0.07305	-0.33704
💹 XAU/USD	0.44327	-1.50797
📈 US100	7.76918	-35.08551
📉 USOIL	-0.20988	-0.32868
📊 BTC/USD	-287	-287

 

XS.com Deposit and Withdrawal Fees

 

XS.com does not impose fees for deposits or withdrawals, making financial transactions more inexpensive for South African traders. However, traders should be aware of any costs their banks or payment service providers may charge.

 

XS.com Inactivity Fees

 

If an account becomes inactive for a year, XS.com can charge those accounts a $50 annual inactivity fee. If the amount falls below $50, the remaining value is deducted, and the account is closed. This cost is critical for South African traders to consider if they intend to use long-term trading strategies.

 

XS.com Currency Conversion Fees

 

Because XS.com does not provide ZAR accounts or accept ZAR deposits, South African traders will be charged currency conversion fees when depositing or withdrawing cash. These costs are levied when converting ZAR to acceptable currencies such as USD, EUR, or GBP.

Furthermore, conversion rates are decided at the time of the transaction, and traders should be aware of these additional expenses, which might fluctuate based on market conditions and their financial institution’s regulations.

 

Pros and Cons XS.com Trading and Non-Trading Fees

 

✅ Pros	❎ Cons
Spreads on some accounts (Elite and VIP) start from 0.1 pips	The spreads on USD/ZAR and other exotic pairs with local currency are wide
Commission-free trading is available on most account types	South Africans depositing and withdrawing in ZAR face currency conversion fees
XS.com offers a transparent fee schedule	The entry-level account spreads are wide
South Africans can deposit and withdraw without incurring fees from XS.com	XS.com charges inactivity fees

 

 

Do South African traders face any inactivity fees on XS.com?

Yes, South African traders on XS.com may be charged a $50 annual inactivity fee if their trading account becomes dormant.

 

What are the margin call levels for South African traders on XS.com?

For South Africans, margin call levels range between 60% and 40%, depending on account type.

 

 

 

XS.com Deposits and Withdrawals

 

XS.com offers South African traders the following deposit and withdrawal methods:

 

• ✅ Bank Transfer
• ✅ Credit/Debit Card
• ✅ Skrill
• ✅ Neteller

 

 

XS.com Deposit Currencies, Deposit and Withdrawal Processing Times

 

🔎 Payment Method	🪙 Deposit Currencies	⏰ Deposit Processing	⏱️ Withdrawal Processing
💴 Bank Transfer	EUR, USD, GBP	1 – 7 days	1 – 7 days
💵 Credit/Debit Card	EUR, USD, GBP	Instant	7 – 10 days
💶 Skrill	EUR, USD, GBP	Instant	1 day
💷 Neteller	EUR, USD, GBP	Instant	Instant

 

Broker Comparison – Deposit and Withdrawals

 

🔎 Broker	🥇 XS.com	🥈 FP Markets	🥉 Exness
⏰ Minimum Withdrawal Time	Instant	Instant	24 hours
⏱️ Maximum Estimated Withdrawal Time	10 working days	Up to 10 working days	3 days
⏲️ Instant Deposits and Instant Withdrawals	✅Yes	✅Yes	✅Yes

 

Pros and Cons XS.com Deposits and Withdrawals

 

✅ Pros	❎ Cons
XS.com offers instant deposits and withdrawals	Currency conversion fees apply to ZAR deposits and withdrawals
South Africans do not pay fees to XS.com for deposits or withdrawals	Payment methods like OZOW, EFT, etc. are not accepted
XS.com guarantees client fund security	XS.com offers a limited range of payment methods for deposits and withdrawals

 

 

How long do bank transfer deposits take for South African traders on XS.com?

South African traders’ bank transfer deposits on XS.com can take 1 to 7 days to process.

 

What is the minimum withdrawal time for South African traders on XS.com?

XS.com offers instant minimum withdrawal times for South African traders utilizing e-wallets such as Skrill and Neteller.

 

 

 

How to make a Deposit and Withdrawal with XS.com

 

To deposit funds to an account with XS.com, South African traders can follow these steps:

 

• ✅ Traders from South Africa must first log into their XS.com client portal. The first step in accessing their trading account is this.
• ✅ After logging in, find the “Deposit” area. Usually, you may find this under the account administration section or on the dashboard.
• ✅ Select your desired mode of deposit. The available options are Neteller, Skrill, credit/debit cards, and bank transfers. Remember that XS.com charges a currency conversion fee because it does not accept ZAR directly.
• ✅ Enter the relevant information for the deposit, including the amount (in a recognized currency, such as USD, EUR, or GBP) and any additional financial data that may be needed.
• ✅ Verify the transaction and check all the information for accuracy. Depending on your chosen method, you can be sent to a payment processor or banking gateway to finish the deposit.

 

 

Once the deposit is complete, wait for an XS.com confirmation confirming receipt. Depending on how the money was deposited, it may be immediately or take a few days.

 

 

To withdraw funds from an account with XS.com, South African traders can follow these steps:

 

• ✅ Access the XS.com client portal and go to account management.
• ✅ Navigate to the “Withdrawal” section of the dashboard.
• ✅ While you can choose a withdrawal method for security and anti-money laundering compliance, you might be required to use the same method for your deposit.
• ✅ Enter the desired withdrawal quantity. Verify that it corresponds to the balance of your account and any minimum withdrawal requirements.
• ✅ Complete the withdrawal form by providing all required information.
• ✅ After thoroughly reviewing all the information, submit your withdrawal request.

 

 

Upon completing the withdrawal procedure, XS.com will process your request and transmit a confirmation email. With the withdrawal method, the time required for funds to appear in your account will vary; however, electronic wallets are generally the quickest.

 

 

How long do XS.com Withdrawals take?

While Neteller withdrawals are instant, others can take a few days to clear before the funds are available in the trader’s account.

 

How can South African traders request a withdrawal on XS.com?

On XS.com, they must click the ‘Withdrawal’ option and select their chosen method, preferably the same used during their most recent deposit.

 

What information must South African traders provide for withdrawals on XS.com?

South African traders must complete the withdrawal form on XS.com with the needed amount and personal information.

 

How long do XS.com Deposits take?

XS.com’s deposits can be instant or take up to a few days, depending on the method chosen.

 

Are the deposit methods on XS.com secure for South African traders?

Yes, XS.com offers secure deposit solutions to South African traders, protecting their protection.

 

Can South African traders deposit in ZAR on XS.com?

No, South Africans can only deposit in USD, EUR, or GBP.

 

 

 

XS.com Customer Support

 

🔎 Customer Support	XS.com Customer Support
⏰ Operating Hours	24/7
📌 Support Languages	Multilingual
📍 Live Chat	✅Yes
💌 Email Address	✅Yes
☎️ Telephonic Support	None
❤️ The overall quality of XS.com Support	5/5

 

XS.com Customer Support – Pros and Cons

 

✅ Pros	❎ Cons
South Africans can access multilingual customer support from XS.com	XS.com does not offer local support in South Africa
XS.com offers customer support 24 hours a day, 7 days a week	XS.com cannot be reached by telephone

 

 

Does XS.com offer 24/7 customer support to South African traders?

Yes, XS.com offers South African traders 24/7 customer service, assuring round-the-clock assistance.

 

Is XS.com’s customer support available in multiple languages for South Africans?

Yes, XS.com offers multilingual customer service to South African traders who speak various languages.

 

 

 

XS.com Web Traffic Report

 

🌎 Global Rank	1,074,079
🚀 Country Rank	17,446
📌 Category Rank	604
📍 Total Visits	30.1K
▶️ Bounce Rate	38.17%
⏩ Pages per Visit	6.2
⏰ Average Duration of Visit	00:08:37

 

XS.com’s Current Expansion Focus

 

XS.com is currently expanding globally.

 

Countries not accepted by XS.com

 

XS.com does not accept traders from the United States, North Korea, or Iran.

 

Popularity among South African traders who choose XS.com

 

XS.com is one of the Top 200 forex and CFD brokers for traders in South Africa.

 

XS.com Best Countries by Traders

 

🌎 Country	📊 Market Share
🥇 United Arab Emirates	56.56%
🥈 Oman	7.53%
🥉 Ireland	6.83%
🏅 Egypt	6.07%
🎖️ United States	4.45%

 

 

Can South African traders access international markets through XS.com?

Yes, South African traders can use XS.com to trade in worldwide markets such as Forex, commodities, and indices.

 

How does XS.com cater to the specific needs of traders in South Africa?

XS.com provides account types and trading conditions tailored to South African traders’ various needs.

 

 

 

XS.com vs FP Markets vs Exness – A Comparison

 

🔎 Broker	🥇 XS.com	🥈 FP Markets	🥉 Exness
📈 Regulation	ASIC, CySEC, FSA	CySEC, FSCA, ASIC, FSC, FSA	FSA, CBCS, FSC, FSC BVI, FSCA, CySEC, FCA, CMA
📉 Trading Platform	MetaTrader 4 MetaTrader 5	MetaTrader 4 MetaTrader 5 cTrader IRESS FP Markets App	MetaTrader 4 MetaTrader 5 Exness App Exness Terminal
📊 Withdrawal Fee	None	✅Yes	None
🆓 Demo Account	✅Yes	✅Yes	✅Yes
💴 Min Deposit	0 ZAR	1,200 ZAR	190 ZAR
💹 Leverage	1:1000	1:500	Unlimited
▶️ Spread	From 0.1 pips	0.0 pips	Variable, from 0.0 pips
💵 Commissions	$6 per lot traded	From US$3	From $0.1 per side, per lot
💶 Order Execution	Market, Instant	Market	Market
🎁 No-Deposit Bonus	None	None	None
🪙 Cent Accounts	✅Yes	No	✅Yes
📌 FSCA Regulation	None	✅Yes	None
📍 ZAR Deposits	None	✅Yes	✅Yes
💷 ZAR Account	None	None	None
⏰ Customer Service Hours	24/7	24/7	24/7
🔟 Retail Investor Accounts	6	4	5
☪️ Islamic Account	✅Yes	✅Yes	✅Yes
📈 Minimum Trade Size	0.01 lots	0.01 lots	0.01 lots
📉 Maximum Trade Size	100 lots	50 lots	Unlimited
📊 Minimum Withdrawal Time	Instant	Instant	24 hours
⏰ Maximum Estimated Withdrawal Time	10 working days	Up to 10 working days	3 days
⏲️ Instant Deposits and Instant Withdrawals	✅Yes	✅Yes	None

 

 

XS.com Alternatives

 

 

🥇 JustMarkets uniquely caters to South African traders by offering ZAR-denominated accounts, which avoids the need for currency conversion. Its distinguishing feature is the extremely low minimum deposit, stated in ZAR, which makes it extremely accessible to beginners or those with little cash. Furthermore, JustMarkets offers a wide selection of local payment methods, expediting deposits and withdrawals.

 

 

🥈 Exness stands apart in the South African market thanks to its diverse leverage choices, which appeal to conservative and aggressive traders. Local investors will appreciate the broker’s ability to provide ZAR accounts. Exness is distinguished by its 24-hour customer service, including support in local languages, which enriches the trading experience for South Africans. Furthermore, the platform’s user-friendly interface and comprehensive analytical capabilities are specifically geared to the needs of the South African trading community.

 

 

🥉 In South Africa, XM stands out for its strong emphasis on instructional offerings, such as webinars and seminars tailored to the local market. Because of this concentration, it is very enticing to inexperienced traders. XM provides ZAR accounts, making transactions easier for South Africans. Although the broker’s minimum deposit is slightly more than its competitors, it is still competitive in ZAR terms.

 

 

 

Our Experience with XS.com

 

Our experience with XS.com has been extensive and well-suited to our diversified trading requirements. The platform’s array of account categories, spanning from Cent to VIP, efficiently accommodates diverse skill sets and investing capacities.

The platform’s extensive capabilities and access to global markets compensate for the lack of ZAR accounts and regional CFDs. XS.com’s adherence to worldwide regulatory norms provides a comforting sense of confidence even if the FSCA does not have local regulatory authority.

One disadvantage is that there are no local payment choices like OZOW and EFT; nonetheless, what is offered, such as bank transfers and e-wallets, is dependable and effective.

Furthermore, our top concern for fund safety is well-aligned with the platform’s concentration on security, demonstrated by its segregated accounts and cutting-edge security features.

 

XS.com Trading Platform

 

The MetaTrader 4 and MetaTrader 5 platforms are available on XS.com, which improves the trading experience. For the Forex trading needs of South Africans, MT4’s broad capabilities and user-friendly interface make it the perfect tool.

More sophisticated trading techniques benefit from MT5’s sophisticated capabilities and wider market access. The platforms’ array of indicators, charting options, and technical analysis tools make in-depth market analysis easier.

However, since ZAR accounts are not supported, traders must know how trading with different currencies would affect them.

Furthermore, another drawback is the lack of teaching materials, particularly for inexperienced traders. However, this is largely offset by the platforms’ user-friendly layout.

 

Quality of Customer Service

 

XS.com provides outstanding client service. Support available around the clock is essential for our trading activities, which frequently occur across time zones.

One benefit is that it supports multiple languages, which means efficient communication. We received timely and useful responses, and our questions were quickly answered via live chat.

Our findings show that there is no telephonic support. Nevertheless, this is sufficiently offset by the effectiveness of other avenues of support, such as email and social media.

Overall, our experience with XS.com is mostly due to the helpful and polite customer support personnel, which makes it a dependable platform for traders in South Africa.

 

 

Recommendations according to our in-depth review of XS.com

 

Recommendations according to our in-depth review of XS.com

 

• ✅ Enhancing customer support and communication could be achieved by offering assistance in Afrikaans and other extensively spoken South African languages.
• ✅ Providing traders with market analysis and pertinent news regarding the South African economy and financial markets would enhance their ability to make well-informed decisions.
• ✅ Optimizing trading conditions and offers to correspond with the particular requirements and inclinations of traders in South Africa, considering regional market timings and economic occurrences, would enhance the platform’s appeal.
• ✅ Enhancing convenience for South African users could be achieved by automating the deposit and withdrawal procedure by integrating well-known local payment methods, such as EFT and OZOW.
• ✅ Including CFDs on commodities, equities, and indices in South Africa would accommodate the needs of domestic traders seeking to trade in familiar markets.
• ✅ Establishing an all-encompassing educational segment containing materials customized for the South African market, incorporating regional economic dynamics, would prove advantageous, particularly for inexperienced traders.
• ✅ Providing South African traders with accounts denominated in South African Rand (ZAR) would substantially alleviate the burden of currency conversion, thereby enhancing the efficiency and affordability of transactions.
• ✅ Implementing regulatory measures and supervision by the Financial Sector Conduct Authority (FSCA) in South Africa would foster increased confidence and trust among domestic traders, guaranteeing compliance with indigenous financial norms and protocols.

 

 

By actively participating in seminars, webinars, and workshops tailored to the South African market, XS.com could augment its visibility and pertinence within the local trading community.

 

 

XS.com User Reviews

 

 

🥇 Great Broker Choice!

When people ask me what my favorite part of this site is, I usually say the diversity of account types. It gives the corporation more flexibility, with important differences being the initial investment requirements and the tightness of spreads. – Michael Du Plessis

 

 

🥈 Dependable Choice.

I discovered XS.com to be incredibly dependable after conducting an extensive study into their trading conditions and reputation. They hold licenses from recognized regulatory bodies such as the FSA, CySEC, and ASIC. My only disappointment is the FSCA’s lack of regulation in South Africa. – Busisiwe Dlamini

 

 

🥉 Remarkable.

XS.com has a remarkable variety of account kinds to accommodate traders of varied skill levels. It is not an exaggeration to suggest that everyone has an account. – Megan van Zyl

 

 

Pros and Cons of Trading with XS.com

 

✅ Pros	❎ Cons
South Africans can choose from several account types, each tailored to different traders	XS.com is not regulated by the FSCA in South Africa
XS.com’s demo account is unlimited	XS.com does not offer a ZAR-denominated account
There is an Islamic Account conversion available across all account types	Traders cannot register a demo account on all trading accounts; only Standard, Elite, VIP, and Pro
There is a low 0 ZAR minimum deposit requirement on the Cent, Standard, and Micro Accounts	South Africans cannot deposit or withdraw in ZAR
XS.com offers Forex exotic pairs that include ZAR	XS.com has no educational section for beginners
South Africans have access to MetaTrader 4 and 5 across devices	XS.com does not provide proprietary trading software
XS.com’s customer support operates 24/7	South Africans may not be eligible for investor protection
XS.com is known for its deep liquidity and reliable execution speeds	XS.com does not support local payment methods like EFT, OZOW, etc.
XS.com is an ECN/STP broker that offers flexible floating spreads	XS.com does not offer advanced trading tools or research for more experienced traders
There are commission-free accounts offered to South Africans	XS.com has a limited product offering and no local CFDs for South Africans
The spreads charged start from 0.1 pips on the Elite and VIP accounts, ideal for scalpers	South Africans will face inactivity and currency conversion fees

 

 

XS.com Risk Warning and Disclaimer for Traders:  Trading with XS.com entails significant risk and may not be suited for all South African investors. Due to the FSCA’s lack of local regulatory control and ZAR account options, there are additional currency conversion risks and no local investor protection.

Losses from leveraged trading can exceed initial deposits. Before trading with XS.com, South African traders should know these dangers and carefully assess their trading objectives and skill level. Financial market trading is speculative and not suitable for all investors.

 

 

Our Review Methodology:  For each of our broker evaluations, we investigate, evaluate, analyze, and compare what we feel to be the most crucial criteria to consider when selecting a broker.  Based on our findings, this evaluation comprises positives, disadvantages, and an overall score. We want to assist you in locating the ideal broker for your requirements.

Our broker review should not be considered financial advice. However, traders are urged to seek professional financial advice before making investment decisions.

 

 

Addendum/Disclosure:  No matter how diligently we strive to maintain accuracy, the forex market is volatile and may change anytime, even if the information supplied is correct when going live.

 

 

Investor Warning: Foreign currency trading on margin is associated with an elevated risk and may not be appropriate for all South African investors.

Before engaging in foreign currency or Contract for Difference (CFD) trading, you must evaluate your investing goals, expertise, appetite for risk, and willingness to be exposed to risk. In addition, you should not start investing capital you cannot afford to lose because you could lose part of your original investment.

 

 

In Conclusion

 

In our experience, XS.com offers a varied yet intriguing offer to South African traders. The platform’s strength comes in its several account types, which cater to various trading experiences and methods, and the sturdy MetaTrader 4 and 5 platforms, well-known for their comprehensive features and user-friendly interfaces.

Furthermore, international regulatory compliance and a strong emphasis on security measures such as segregated accounts are impressive, providing traders with trust and safety in their assets.

However, our findings show some significant drawbacks. South African traders can face convenience and currency conversion issues due to the lack of ZAR accounts and local CFDs and the absence of local payment options such as OZOW and EFT.

Furthermore, people who value local jurisdictional protection and control may be concerned about the FSCA’s lack of local regulatory oversight. In addition, while the platform provides diverse markets and competitive trading conditions, XS.com falls short in areas such as educational materials and local investor protection measures, particularly for beginning traders.

Overall, we can conclude that XS.com might be a good option for South African traders who are familiar with the worldwide trading market and can manage the currency conversion consequences.

 

 

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Frequently Asked Questions

 

Is XS.com regulated in South Africa?

XS.com is not regulated by South Africa’s Financial Sector Conduct Authority (FSCA) but adheres to international regulatory norms.

 

How long does it take to withdraw from XS.com?

Neteller withdrawals are instant, while other payment methods take from 24 hours up to 10 working days.

 

Is XS.com available to traders in South Africa?

Yes, XS.com provides trading services to South African traders through its platform, giving them access to several financial markets.

 

Does XS.com have VIX 75?

No, XS.com does not offer the Volatility Index to South African traders as a CFD on Indices.

 

What trading platforms does XS.com offer to South African traders?

The popular MetaTrader 4 and MetaTrader 5 platforms, recognised for their extensive trading tools and user-friendly interfaces, are available from XS.com.

 

Can South African traders open Islamic accounts with XS.com?

Yes, XS.com provides Islamic Swap-Free accounts, catering to South African Muslim traders by conforming to Shariah law.

 

Is XS.com Safe or a Scam?

XS.com is a safe broker. Even though XS.com is not regulated in South Africa by the FSCA, the broker is regulated by three other reputable entities.

 

Is XS.com regulated?

Yes, XS.com is regulated. While XS.com is not regulated by the FSCA in South Africa, the ASIC in Australia, FSA in Seychelles, and CySEC regulate the broker.

 

What types of accounts can South African traders open with XS.com?

Account types available to South African traders include Cent, Standard, Micro, Elite, Pro, and VIP, each targeted to distinct trading needs and experiences.

 

Does XS.com have Nasdaq 100?

Yes, XS.com has Nasdaq 100 as a CFD on indices. Furthermore, share CFDs listed on NASDAQ can be traded through XS.com.

 

Does XS.com offer customer support to South African traders?

Yes, XS.com offers 24-hour customer service in many languages to help South African traders.