XSocio Markets Forex Broker

Note: XSocio Markets official site - https://xsocio.com is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. 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 contained in this article is for general information purposes only. General Information & Regulation Feature Detail Regulation unregulated Market Instrument Forex pairs, indices, and commodities Account Type Rookie, Micro, Pro, Copytrade, Scalpx, and PAMM Demo Account N/A Maximum Leverage 1:2000 Spread Vary on the account type Commission Vary on the account type Trading Platform MT4 Minimum Deposit $1 Deposit & Withdrawal Method FasaPay, FPX, PayTrust, Skrill, NETELLER, VISA/MASTERCARD XSocio Markets, a trading name of XSocio Markets Ltd, is a forex broker registered in Saint Vincent and Grenadines under 24611 IBC 2018. It claims to provide its clients with various tradable financial instruments with flexible leverage up to 1:2000 and floating spreads from 0.0 pips on the MT4 trading platform via 6 different live account types. XSocio Markets is not subject to any regulation. Since unregulated brokers cannot guarantee the safety of client funds, So traders are not advised to trade with this broker. Please be aware of the risk. Note: The screenshot date is January 13, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments Investors can trade Forex pairs, indices, and commodities with XSocio Markets. Account Types XSocio Markets offers six different account types: Rookie & Micro (minimum deposit of $1), Pro & Copytrade (minimum deposit of $10), and Scalpx & PAMM (minimum deposit of $50). Leverage Trading leverage varies depending on the account type. The maximum trading leverage is 1:1000 for Rookie and Micro accounts, while 1:2000 for the other account types. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions Spreads and commissions with XSocio Markets are scaled with the accounts offered. For example, clients on the Rookie and Scalpx accounts can enjoy spreads from 0.0 pips but have to pay a commission of $3 per lot, while the other account type holders can experience spreads from 1.6 pips without commission. Trading Platform Available XSocio Markets provides traders with the world's leading and most powerful MT4 trading platform. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT4 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Deposit & Withdrawal XSocio Markets supports traders to deposit and withdraw funds through various methods, including FasaPay, FPX, PayTrust, Skrill, NETELLER, and VISA/MASTERCARD. The minimum initial deposit requirement is just $1. FasyPay and Skrill are subject to a fee charged by the providers for withdrawing funds. Customer Support XSocio Markets customer support can be reached by telephone: （+44）020 3289 4388, email: support@xsocio.com. You can also follow this broker on social networks such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Company address: Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines. Pros & Cons Pros Cons • Multiple trading assets, account types and payment methods • No regulation • Low minimum deposit (USD 1) • Website inaccessible • MT4 supported Frequently Asked Questions (FAQs) Q 1: Is XSocio Markets regulated？ A 1: No. It has been verified that XSocio Markets currently has no valid regulation. Q 2: Does XSocio Markets offer the industry-standard MT4 & MT5？ A 2: Yes. XSocio Markets supports MT4. Q 3: What is the minimum deposit for XSocio Markets？ A 3: The minimum initial deposit at XSocio Markets to open an account is just $1. Q 4: Is XSocio Markets a good broker for beginners？ A 4: No. XSocio Markets is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.