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XS Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.xs9999.c..., the company's legitimate regulatory information Hong KongHKGXPrecious Metals Trading (AGN) to enhance the security of the company's address Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles

XS Forex Broker

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XS

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Note: XS official site - https://www.xs9999.com.hk/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. XS Review Summary in 5 Points Founded 2-5 years Registered Country/Region Seychelles Regulation Suspicious CGSE clone Trading Platform MT4 Customer Support Email, address, QQ What is XS? XS purports to be an online trading platform hailing from Seychelles. However, establishing its adherence to regulatory standards and its overall credibility is challenging due to its inaccessible website. The suspicious CGSE clone regulatory status further casts a shadow on its authenticity and legitimacy. This article undertakes a thorough examination of XS, considering various facets of its offerings. We strongly advise prospective users to read this article in entirety for an in-depth understanding. The concluding segment includes a succinct summary highlighting the platform's key aspects for easy reference. Pros & Cons Pros Cons • MT4 platform • Suspicious CGSE clone • Website inaccessible • Lack of transparency • Negative feedbacks from their customers Pros: MT4 Platform: One significant pro of this platform is that it utilizes an MT4 interface. MT4 is a widely used and popular trading platform known for its user-friendly interface, advanced charting capabilities, technical analysis tools, and automated trading functionalities. Cons: Suspicious CGSE Clone: This implies the platform might be mirroring the website of a reputable company site who is regulated by CGSE (Chinese Gold & Silver Exchange), raising concerns about its integrity and authenticity. Website Inaccessible: The fact that the website is not accessible adds to the suspicion and makes it impossible for potential customers to gather detailed information about the broker, making informed decisions difficult. Lack of Transparency: Lack of clarity around vital aspects of the trading conditions like spread, commission, minimum deposit requirement etc., inevitably signals a red flag. A reliable broker should always maintain transparency on these key factors. Negative Customer Feedbacks: 27 negative reports from customers can dent the broker's reputation significantly. It raises concern regarding customer satisfaction and can be a strong indication of poor service quality or other underlying issues. Is XS Safe or Scam? When considering the safety of a brokerage like XS or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage: Regulatory sight: Currently, this broker is suspected to be a CGSE (The Chinese Gold & Silver Exchange Society) clone with Type AA License license No. 081, fostering doubts about its legitimacy and trustworthiness. This worry is heightened by the broker's inaccessible website. It's vital to engage in comprehensive research and due diligence when involving oneself with any financial entity, particularly when clear cautionary indicators like these are evident. User feedback: WikiFX features 27 reports addressing allegations of scams, server malfunctions, fraudulent activities, and withdrawal issues linked to this broker, thereby amplifying the risks tied to their services. It is crucial to conduct comprehensive research and due diligence prior to engaging with any financial platforms. Security measures: Currently, there is no publicly available information regarding the security measures implemented by this broker. Ultimately, the decision whether to engage in trading with XS or not is a personal one, necessitating a careful evaluation of the pros and cons before arriving at a conclusion. Trading Platform XS provides its customers with the globally recognized MetaTrader 4 (MT4) platform as the leading channel for trading operations. Known for its advanced charting tools, diverse technical analysis resources, and compatibility with automated trading strategies through Expert Advisors, MT4 has gained substantial esteem within the trading community. It's worth noting that MT4's easy-to-use interface facilitates complex trading operations even for novices. However, the platform's efficiency and overall customer experience heavily depend on how the broker implements and maintains it. User Exposure on WikiFX On WikiFX, there exist 27 reports denoting accusations of scams, system failures, fraudulent practices, and withdrawal difficulties. These worrying indications must be appreciated as major red alerts. It's crucial for traders to meticulously assess all relevant insights. We advise checking our platform for crucial details preceding any trading actions. If you encounter questionable brokers or have been victimized by such unscrupulous measures, kindly submit your experience in our “Exposure” section. This contribution greatly supports our mission, and our team of experts will promptly respond to address the issue as effectively as possible. Customer Service XS offers customer service support through email, address and QQ. However, it is noteworthy that more intensive communication options like phone and social media which diversify channels for issue resolution, are not currently available. Potential traders should take this into account if they value immediate and instant responsiveness. Email: xsglobals@gmail.com. Address: Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles. QQ: 4006668236. Conclusion XS, claiming to be an online trading platform from Seychelles, shows a number of red flags. These include its suspicious CGSE clone status, potentially leading to precarious situations that can breach standard financial practices. The unavailability of its website along with negative customer reviews on WikiFX, infers a lack of professionalism and accountability, adversely affecting user experience. Consequently, potential traders contemplating on using XS should exercise caution, understanding the significance of transparency and observance of the regulations in the trading environment. It is strongly advisable to choose platforms that conform to these regulatory standards. Frequently Asked Questions (FAQs) Q 1: Is XS regulated? A 1: No. It has been verified that this broker currently under suspicious CGSE clone status. Q 2: Does XS offer the industry leading MT4 & MT5? A 2: Yes. XS offer MT4 platform. Q 3: Is XS a good broker for beginners? A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable website and negative customer feedbacks. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
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Basic Information

Registered Region
Hong Kong
Operating Period
--
Company Name
香港鑫圣金业集团有限公司.
Abbreviation
XS
Company employee
--
Customer Service Email Address
xsglobals@gmail.com
Company Address
Suite 3, Global Village, Jivan's Complex, Mont Fleuri, Mahe, Seychelles
QQ
4006668236
How to login to XS?
XS Complete Account Guide: Registration, Account Opening, and Login Processes Welcome to the comprehensive guide for navigating the XS platform. This guide will assist you in successfully registering, opening an account, and logging into your XS account. Whether you are a newcomer to trading or an experienced trader, this guide is designed to provide clear steps, common issues, and solutions to help you make the most of your experience with XS. Part One: Account Registration Process How to Register a XS Account Registering for an XS account is the first step toward accessing a wide range of trading opportunities. Follow these detailed steps to complete the registration process: Step 1: Access the Registration Page Visit the official XS website (https://www.xs.com) and click on the “Register” button located at the top right corner of the homepage. Step 2: Filling in Required Information You will be directed to a registration form where you need to provide essential details including your full name, email address, phone number, and country of residence. Ensure that the information is accurate to prevent issues later. Step 3: Email/Phone Verification After submitting your information, XS will send a verification code to the email address or phone number you provided. Check your inbox (or spam folder) for this code and enter it in the designated field on the registration page. Step 4: Identity Verification (if required) Depending on your region and the regulations applicable, you may need to complete an identity verification process. This typically involves uploading a government-issued ID (like a passport or drivers license) and proof of residence (like a utility bill). Step 5: Registration Confirmation Once your information is verified, you will receive a confirmation email indicating that your XS registration was successful. Follow any additional instructions provided in the email to finalize your account setup. Common Registration Issues and Solutions Email not received: If you do not receive the verification email, check your spam folder. If its not there, try resending the verification link from the registration page. Verification code issues: Ensure that you enter the code correctly. If it has expired, request a new code. Document upload failures: Make sure your documents are clear and meet the format requirements (usually JPG or PDF). If you encounter issues, try using a different browser or device. Regional Differences in Registration Certain regions may have additional requirements or restrictions during the XS registration process. It's essential to check the specific requirements for your country on the XS website to ensure compliance with local regulations. Part Two: XS Account Opening Detailed Guide Understanding Registration vs. Account Opening While registration is the initial step to create your account, account opening involves selecting the type of trading account you wish to operate. You must complete the registration process before you can open a trading account. Preparation Work Before Account Opening Before opening an account, ensure you have the following documents ready: A valid government-issued ID for identity verification. A proof of residence document, such as a utility bill or bank statement. Understanding of the different account types available on XS. Detailed Account Opening Steps Step 1: Selecting Account Type Once you have logged into your XS account, navigate to the “Open Account” section. XS offers various account types including Standard, ECN, and Demo accounts. Choose the one that best fits your trading style and experience level. Step 2: Submitting Required Documents You may need to upload additional documents that verify your identity and residence. This is part of the KYC (Know Your Customer) process that ensures compliance with regulatory standards. Step 3: Account Review Process After submitting your documents, XS will review them. This process usually takes less than 24 hours. You will receive a notification via email once your account has been reviewed. Step 4: Account Activation Once your account is approved, it will be activated. You can now fund your account and begin trading. Step 5: Initial Setup Log into your account and set up your trading preferences. This includes selecting your trading platform (MT4 or MT5) and customizing settings to suit your trading strategy. Frequently Asked Questions About Account Opening How long does the account opening process take? Typically, the entire process can be completed within a few hours, but document verification may take up to 24 hours. Can I open multiple accounts? Yes, XS allows you to open multiple accounts, but you must use different email addresses for each account. Next Steps After Opening an Account Once your account is open and funded, familiarize yourself with the trading platform, explore educational resources, and consider starting with a demo account to practice your trading strategies. Part Three: XS Login Process Explained Basic Web Login Process Logging into your XS account is straightforward. Heres how to do it: Step 1: Visit the XS Website Go to the XS homepage and click on the “Login” button located at the top right corner. Step 2: Enter Your Credentials Input your registered email address and password in the respective fields. Step 3: Two-Factor Authentication If you have enabled two-factor authentication, you will need to enter the code sent to your registered mobile device or email. Step 4: Click Submit After entering your credentials and any required verification codes, click the “Submit” button to access your account dashboard. Step 5: Access Your Account Features Once logged in, you can manage your account, view balances, and start trading. Mobile App Login Process If you prefer trading on the go, you can also log in via the XS mobile app. The process is similar: Open the app and tap on the “Login” option. Enter your email and password. Complete two-factor authentication if enabled. Tap “Login” to access your account. Common Login Issues and Solutions Forgotten Password: If you forget your password, click on the “Forgot Password?” link on the login page. Follow the instructions to reset your password via email. Account Lockout: If you enter incorrect credentials multiple times, your account may be temporarily locked. Wait for a specified period before trying again or contact customer support for assistance. Technical Issues: Ensure your internet connection is stable. If you experience persistent issues, try clearing your browser cache or using a different device. Overview of Features After Login Once logged into your XS account, you can access various features including: Account management tools Trading platforms (MT4/MT5) Educational resources Customer support options Additional Sections Account Security Recommendations Use Strong Passwords: Create a complex password that combines letters, numbers, and symbols. Enable Two-Factor Authentication: This adds an extra layer of security to your account. Monitor Account Activity: Regularly check your account statements and trading history for any unauthorized transactions. Best Practices for Account Management Keep Your Information Updated: Ensure your contact details and personal information are current. Regularly Review Your Account Settings: Adjust your trading preferences and security settings as needed. Stay Informed: Keep up with market news and updates from XS to make informed trading decisions. How to Get Technical Support If you encounter issues or have questions, XS offers several support options: Live Chat: Available on the XS website for immediate assistance. Email Support: Reach out via the support email provided on the website. Phone Support: Contact customer service for direct help. By following this guide, you should be well-equipped to navigate the XS platform effectively. Whether you are registering, opening an account, or logging in, understanding these processes will enhance your trading experience. If you have any further questions or need assistance, dont hesitate to reach out to XS support.

XS Forex Broker - Complete Information Guide

1. Broker Overview

XS Group, established in 2010, operates as a multi-asset broker providing a range of financial services to traders globally. Headquartered in Eden Island, Seychelles, XS Group has expanded its presence with regional offices in Australia, Cyprus, Malaysia, and South Africa. The company is privately held and has built a solid reputation in the online trading industry over the years.

XS primarily serves retail and institutional clients, offering access to a diverse array of financial instruments, including forex, commodities, indices, and cryptocurrencies. Since its inception, XS has achieved several milestones, including obtaining multiple regulatory licenses that enhance its credibility and operational scope.

The broker operates under a business model that emphasizes retail forex trading and contracts for differences (CFDs), catering to both novice and experienced traders. With its commitment to regulatory compliance and robust trading infrastructure, XS broker has positioned itself as a reliable choice for traders seeking to navigate the complexities of the financial markets.

2. Regulatory and Compliance Information

XS Group is regulated by several reputable authorities, ensuring a high level of oversight and protection for its clients. The primary regulatory bodies include:

  • Australian Securities and Investments Commission (ASIC) – License number 374409
  • Seychelles Financial Services Authority (FSA) – License number SD 089
  • Cyprus Securities and Exchange Commission (CySEC) – License number 412/22
  • Labuan Financial Services Authority (LFSA) – License number MB/21/0081
  • Financial Sector Conduct Authority (FSCA) in South Africa – License number 53199

These licenses cover a wide range of services and ensure that XS operates within the legal frameworks established by these authorities. The broker maintains segregated client accounts in tier-one banks, providing an additional layer of security for client funds. Furthermore, XS participates in compensation schemes where applicable, enhancing investor protection.

To comply with regulatory standards, XS implements strict Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, ensuring that all clients undergo thorough verification processes to prevent fraud and maintain the integrity of the trading environment.

3. Trading Products and Services

XS broker offers a comprehensive selection of trading products, catering to various trading strategies and preferences. The available products include:

  • Forex: Over 60 currency pairs, including major, minor, and exotic pairs, allowing traders to diversify their forex trading strategies.
  • CFDs: A wide range of contracts for difference across various asset classes:

    • Indices: Major global indices, including the S&P 500, NASDAQ, and FTSE 100.
    • Commodities: Precious metals such as gold and silver, as well as energy products like crude oil and natural gas.
    • Stocks: CFDs on shares of prominent companies from the US, UK, and Europe.
    • Cryptocurrencies: Spot-style CFDs on popular cryptocurrencies like Bitcoin and Ethereum.

XS continuously updates its product offerings, ensuring that traders have access to the latest market opportunities. The broker is committed to providing both retail and institutional clients with high-quality trading services, including white-label solutions and asset management services for qualified clients.

4. Trading Platforms and Technology

XS broker supports two of the most widely used trading platforms in the industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). Both platforms are renowned for their reliability and advanced features, catering to traders of all experience levels. Key features include:

  • Execution Speed: XS boasts execution speeds of 20-50 milliseconds, minimizing latency and slippage, which is crucial for high-frequency traders.
  • Web-Based Trading: In addition to desktop applications, XS offers web-based trading platforms for convenient access from any device.
  • Mobile Applications: The broker provides mobile applications for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
  • API Access: XS supports automated trading through APIs, enabling traders to implement algorithmic trading strategies effectively.

The broker's technological infrastructure is designed to ensure a seamless trading experience, with servers located in strategic locations to optimize performance.

5. Account Types and Trading Conditions

XS broker offers a variety of account types to accommodate different trader needs:

  • Standard Account: No minimum deposit required, with average spreads of 1.1 pips and no commissions.
  • Pro Account: Designed for experienced traders, requiring a minimum deposit of $500 with tighter spreads around 0.7 pips and no commissions.
  • Elite Account: Suitable for high-volume traders, requiring a minimum deposit of $1,000 with raw spreads starting from 0.1 pips and a commission of $3 per lot.
  • Cent Account: Ideal for beginners, allowing trading in micro-lots with a minimum deposit of just $5.
  • Islamic Account: Available for traders seeking swap-free trading options, compliant with Sharia law.

Leverage options vary by account type, with maximum leverage reaching up to 1:2000 for certain accounts. The minimum trade size starts at 0.01 lots, allowing traders to manage their risk effectively. XS also implements transparent overnight fees and maintains a user-friendly trading environment.

6. Funds Management

XS broker provides a range of secure deposit and withdrawal methods to facilitate smooth transactions for its clients. Available deposit methods include:

  • Bank Transfers
  • Credit/Debit Cards
  • E-Wallets (such as Skrill and Neteller)
  • Cryptocurrency Options

The minimum deposit requirement varies by account type, with some accounts requiring as little as $5. Most deposits are processed instantly, ensuring that traders can access their funds without delay.

Withdrawals can be made through the same channels as deposits, with processing times typically ranging from 24 hours for e-wallets to 1-7 working days for bank transfers. XS does not charge withdrawal fees, although third-party charges may apply.

7. Customer Support and Educational Resources

XS broker places a strong emphasis on customer support, offering multiple channels for assistance, including:

  • Live Chat
  • Email Support
  • Phone Support
  • Social Media Platforms

Support is available 24/5, ensuring that traders can receive timely assistance during market hours. The broker provides multilingual support, catering to a diverse client base.

In addition to customer support, XS offers a variety of educational resources, including:

  • Webinars: Covering market analysis, trading strategies, and risk management.
  • Tutorials and Guides: Designed to help traders understand platform features and market fundamentals.
  • Daily Market Analysis: Providing insights and updates to keep traders informed about market movements.

These resources are crucial for traders looking to enhance their knowledge and skills in the financial markets.

8. Regional Coverage and Restrictions

XS broker serves a wide range of markets globally, with a particular focus on regions such as Australia, Europe, Asia, and Africa. The broker's regional offices allow it to cater to local traders effectively, providing tailored services based on regional regulations and market conditions.

However, XS does not accept clients from certain countries, including the United States, Iran, and North Korea, due to regulatory restrictions. Traders are encouraged to verify the availability of services in their respective jurisdictions before opening an account.

In summary, XS broker has established itself as a reliable and competitive option in the forex and CFD trading landscape. With a commitment to regulatory compliance, a comprehensive range of trading products, and robust customer support, it continues to attract a diverse clientele seeking to navigate the complexities of the financial markets.

Latest Reviews

FX3615686900

FX3615686900

Hong Kong

Make things difficult. Unable to withdraw

Exposure

2020-08-28

楚留香

楚留香

Hong Kong

XS attracted me to invest millions and said the more I deposit the more bonus I can get. However, there was always a slippage and I can’t profit. Earn less and lose more. Their software was offline when in bull market.

Exposure

2020-09-14

FX3421770752

FX3421770752

Hong Kong

Make me pay money for the witdhrawal with varied reasons. At last, my account was frozen and I have to pay the frozen fee. Someone cheated me, saying he can withdraw. Le me see his bill to induce me to deposit.

Exposure

2020-10-12

Stanley Lim

Stanley Lim

Turkey

XS uses the convenient MT4 trading platform, I very love it. However, it's official website cannot be accessed, and I don't have other way to obtain relevant information such as fees, so I am very helpless.

37130

2024-07-02

马传刚

马传刚

United Kingdom

Exactly like all the other exposures here, XS is in reality a total forex scammer. its website is already shut down, and I'm also one of the victims. My account was frozen by this shameless company, and my money? Of course impossible to withdraw! I have now moved on. Except I'll never forget the experience.

37130

2023-03-15

远航

远航

Hong Kong

Trash platform. The platform has serious platform! Slow withdrawal! Many requirement for deposit!

Exposure

2022-06-17

XS Forex Broker has an overall rating of 1.53, Regulatory Index 0.00, License Index 0.00, Business Index 7.19, Software Index 4.00 Risk Control Index 0.00.