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Is XS.com a Scam? – Detailed XS.com Review (Updated 2024)

Online trading offers individuals great opportunities for investment from the comfort of their homes. Who wouldn’t like to make money from their couches? However, online trading is accompanied by a spectrum of risks. To name a few, market volatility, liquidity issues, cybersecurity threats, technical glitches on platforms, leverage dangers, and regulatory changes. To navigate these risks, it’s essential, especially for novice traders, to find a legit broker after thorough research. One of the many CFD brokers nowadays is XS.com. This XS.com review will uncover the online trading platform’s features and benefits and investigate whether or not it’s a scam.

Is XS.com a Scam?

 

What is XS.com?

XS.com is a fintech and financial services provider established in Australia in 2010. XS started as a liquidity provider and recently joined the world of CFD trading. CFD trading refers to contract-for-difference trading; therefore, as a trader, you don’t hold any actual assets but rather “bet on” the price fluctuation of the chosen assets.

CFD trading implies more risk regarding market volatility, so you need platforms like XS. XS.com is a multi-asset broker allowing you to access a wide range of assets such as futures, shares, indices, metals, commodities, crypto, forex, and energy.

XS.com Features

The multi-asset broker has multiple features. First, XS.com complies with regulations in various jurisdictions. It has FSA licenses in Seychelles, ASIC in Australia, and CySEC in Cyprus.

Second, it offers its clients added security by providing insurance up to $5M underwritten by Lloyd’s of London in case of monetary losses from mistakes, fraud, carelessness, or service-related malfunctions.

Also, XS.com segregates clients’ funds in accounts separate from the company’s within reputable organizations. The CFD broker extends this security blanket by adapting strict data protection measures and employing two-factor authentication on clients’ accounts.

Moreover, XS.com offers a quick and easy registration process, multiple funding, and easy withdrawal methods. And if you need help, their customer service line supports you in multiple languages: English, French, Spanish, Arabic, Traditional Chinese, Simplified Chinese, Thai, Vietnamese, Portuguese, Japanese, and Korean.

XS.COM’s Partnerships, Institutional, and Management Solutions

XS.com, the leading CFD broker, offers traders and institutions multiple solutions in partnerships, institutional, and management.

Partnerships Programs

XS.com has curated an extensive array of partnership programs tailored to diverse collaborators, encompassing:

  • Introducing Brokers (IBs)
  • Influencers
  • Digital Affiliates
  • Local Partners
  • Education Experts

With significant rewards, sophisticated reporting capacity, access to extensive marketing resources, and unmatched support, these programs offer partners plenty of chances to increase their profits.

Institutional Solutions

Within the institutional space, XS.com offers an extensive range of trading products, particularly emphasizing deep institutional liquidity, state-of-the-art technology, and first-rate customer support.

To meet various institutional needs, these solutions are made with competitive pricing, robust risk management techniques, and regulatory standards compliance in mind.

Management Solutions

XS.com’s asset management solution, PAMM, empowers seasoned asset managers to oversee numerous accounts concurrently and execute trades on behalf of their investors.

Percent Allocation Management Module (PAMM) refers to a complete money management and investing system that allows qualified asset managers to make trades inside of their customers’ accounts. Investors can also access view-only options for their accounts simultaneously, guaranteeing openness and clarity.

For investors and asset managers alike, XS.com’s flawlessly integrated PAMM solution improves accessibility and compatibility by integrating with MetaTrader4 and MetaTrader5 trading platforms.

XS.com Awards, Seminars, and Sponsorships

2023 was a successful year for XS.com, packed with awards, ceremonies, and seminars, The multi0asset broker solidified its global presence by winning awards in multiple countries like Dubai, Vietnam, Egypt, and Jordan.

Some of these awards are:

  • GLOBAL BROKER OF THE YEAR – The Traders Fair & Award, Vietnam, December 2023.
  • BEST MULTI-ASSET BROKER ASIA – The Traders Fair & Award, Vietnam, December 2023.
  • BEST GLOBAL MARKET LEADER -The Dubai Forex Expo HQMENA, September 2023.
  • TOP TRUSTED FINANCIAL BROKER -Middle East Awards Ceremony Smart Vision, September 2023.
  • BEST MULTI-ASSET BROKER -Jordan Financial Expo & Award JFEX Afaq Group, September 2023.

Moreover, the CFD broker also attended multiple seminars to introduce their online platform to a broader audience, and to spread knowledge about online trading.

Additionally, XS.com sponsored two renowned tennis tournaments: the French Open, a prestigious event held at the historic Stade Roland Garros in Paris, and the world’s oldest tennis tournament conducted by The All England Croquet Club in Wimbledon, London.

XS.com Final Review: Is XS.com A Scam?

XS.com is not a scam based on the thorough review of the multi-asset broker, including its regulatory compliance, various offers, security measures, partnerships, and institutional solutions. Moreover, the CFD broker has gained a solid global presence in the online trading world, reflected in the awards and seminars it attended in 2023.

In short, XS.com is dedicated to providing its clients with the best security blanket, making it far from being a scam. If you’re looking for the best CFD broker, XS.com might be the one for you.

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