XS Review: Regulation, Withdrawals and Islamic Account Terms
Verified facts
| Founded | 2010 |
| Minimum deposit | $0 |
| EUR/USD spread from | 0.1 pips average on the Elite account (plus $6 round-turn commission, $500 minimum); 0.7 pips average on Pro ($500 minimum, no commission); 1.1 pips average on Standard (no minimum deposit, no commission) — averages as published by XS |
| Platforms | MetaTrader 4, MetaTrader 5, XS Trading App |
| Withdrawal methods | Bank transfer, Visa & MasterCard, Skrill, Neteller |
| Crypto deposits/withdrawals | No |
Withdrawal speed: claim vs. measured
| Broker-published claim | Measured by us |
|---|---|
| Published processing times: Neteller instant; Skrill 1 business day; bank transfer 1-7 working days; Visa & MasterCard 7-10 working days. XS states it charges no internal fees for deposits or withdrawals, but reserves the right to apply a withdrawal fee of up to 3% where there has been no trading activity or it identifies abuse. [Source] | Testing in progress |
Islamic account: published terms vs. audit
| Availability | Broker-published claim | Measured by us |
|---|---|---|
| Yes | Normal swap-free (Islamic) accounts are applied automatically for residents of 19 listed countries, including the UAE, Saudi Arabia, Kuwait, Qatar, Bahrain, Oman, Egypt and Jordan, on all account types on MT4 and MT5. XS states it does not widen spreads or add fees in place of swap. Published exceptions: crypto pairs have a 3-day grace period, after which standard swaps apply, and shares have no grace period (swaps from day one). A separate 'special' swap-free programme for selected non-Muslim countries has per-instrument grace periods (10 days on EURUSD and GBPUSD, 5 days on XAUUSD, 2 days on most other majors). [Source] | Testing in progress |
Maximum leverage by entity
| Regulation | Leverage | Source |
|---|---|---|
| not specified on the page XS (account specifications on the global site xs.com; entity not specified on the page) | Up to 1:2000 with dynamic leverage; margin call 40%, stop out 20% | Source |
Published spreads
| Broker | Platforms | Claim | Source |
|---|---|---|---|
| EURUSD | Elite | 0.1 pips (average) | Source |
| EURUSD | Pro | 0.7 pips (average) | Source |
| EURUSD | Standard | 1.1 pips (average) | Source |
Gulf funding and account currency
| mada | Not published |
| KNET | Not published |
| UAE local bank | Not published |
| AED account | No |
Published funding methods are bank transfer (from $300), Visa & MasterCard (from $20), Skrill and Neteller (from $15), in EUR, USD or GBP. Account base currencies are USD, EUR and JPY, so no AED or SAR account. No mada, KNET or Gulf local-bank rail is listed.
Scalping, Expert Advisors and hedging
| For Scalping | Not published |
| Expert Advisors | Not published |
| Hedging | Yes |
Regulation and license numbers
| Regulation | License no. | Official register |
|---|---|---|
| ASIC (Australian Securities and Investments Commission) (Australia (XS Prime Ltd)) | 374409 | Source |
| CySEC (Cyprus Securities and Exchange Commission) (Cyprus (XS Markets Ltd)) | 412/22 | Source |
| CMA (Capital Market Authority, UAE — formerly SCA) (United Arab Emirates (XSTrade Financial Consultation L.L.C, Dubai)) | 20200000339 (licence category not stated on XS's page) | Source |
| FSCA (Financial Sector Conduct Authority) (South Africa (XS ZA (Pty) Ltd)) | 53199 | Source |
| FSA (Financial Services Authority) (Seychelles (XS Ltd)) | SD089 | Source |
| LFSA (Labuan Financial Services Authority) (Labuan, Malaysia (XS Finance Ltd)) | MB/21/0081 | Source |
| FSC (Financial Services Commission) (Mauritius (XS Trade Services Ltd)) | GB25204786 | Source |
| MOCI (Ministry of Commerce and Industry) — commercial licence, not a securities regulator (Kuwait (XS United)) | 513918 on the regulations page; the site footer shows MOCI 2024/786 | Source |