XS Review: Is It a Scam or Legit?

The trading environment has been picking up speed over the last few years, with a growing number of people starting their own portfolios and focusing on building their wealth levels. Unfortunately, as engagement rates grow and a larger list of offers becomes available, it is also much more likely for you to end up as the victim of a scam. This is precisely why it is essential to have the security of operating within a safe trading environment from the very beginning to avoid any potential troubles that can arise along the way. One of the most noteworthy names in the trading community is XS, a platform dedicated to empowering traders by providing them with the right tools and knowledge so that they can thrive in this dynamic and competitive environment.

What is XS?

The XS group typically operates under the brand name XS.com as a multi-asset broker with access to a considerable range of financial products. The company was established in Australia in 2010 but has since grown its reach, expanding to global marketplaces and becoming a leader in financial technology services. It’s not just individual traders that perform their transactions using XS, but institutional investors and brokers as well, since the company has the ability to provide access to deep institutional liquidity on top of state-of-the-art tech developments, which create top-notch user experience, high-quality endeavors and solid customer support.

XS’s company culture and mission are to bring investors the best services and trading experience in the entire industry by providing solutions that cater to all trading levels. Having plenty of expertise to rely on is helpful for both beginner and veteran traders, and XS has constant improvement and developments as part of their skill set, something that sets them apart from others who offer the same services as them. Having a multifaceted understanding of the market, gathering data and completing complex analyses and assessing risk management allows them to offer the best possible resources and instruments they need to succeed.

Regulations

The most important thing when choosing a trading platform is to ensure that it is up to date with regulations and operates within perfectly legal parameters. All financial services offered by the XS Group are fully authorized and regulated by governing bodies, so you don’t have to worry about falling prey to scamming and other illicit activities. XS’s regulatory compliance allows it to guarantee transactional integrity and maintain accountability for the services it offers. It’s also crucial to remember that all jurisdictions have different rules, and brokers must be aware of this.

XS Ltd is registered under the laws of Seychelles and authorized and regulated by the Financial Services Authority of Seychelles. XS Prime Ltd has Australian registration and is authorized by the ASIC, the Australian Securities and Investments Commission, a regulatory body in charge of registered companies, financial service providers and financial markets. XS Markets Ltd is incorporated under the laws of the Republic of Cyprus, with a registered office in Limassol. XS Finance Ltd has a registration falling under the laws of the Federal Territory of Labuan, Malaysia, and is regulated by the LFSA, the Financial Services Authority of Labuan.

Lastly, the XS ZA (Pty) Ltd is authorized and regulated by the Financial Sector Conduct Authority of South Africa as a Financial Service Provider. There are some jurisdictions where residents cannot access the XS brand, such as North Korea and Iran. Different regulatory provisions may apply depending on the XS entity you’re engaging with, so it’s essential to be mindful of the rules. However, you can be certain that all the institutions abide by strict guidelines so that traders can benefit from the advantages of a safe and secure trading environment.

Transparency

All trustworthy companies must be able to provide their customers with transparent procedures and a clear understanding of what they’re signing up for. XS ensures all operations are clear, and detailed regulatory disclosures are available on their website. Traders are able to get a thorough understanding of how their trades are being managed, a strong indicator that the broker is legitimate and safe. Security is also a top priority at XS, with client funds being separated from operational funds and managed with the aid of top-tier institutions. Even if the platform ends up dealing with difficulties, your money is still well-guarded.

Some security measures that protect personal and financial details include data encryption, two-step verification and external audits. These features ensure the systems are up-to-date and shelter investors from hacker attacks and data breaches, events that can cause a lot of stress for those who are just entering the trading world. Unlike other brokers, XS also offers a Civil Liability Insurance Program that was underwritten by Lloyd’s of London, the insurance and reinsurance market. The program can cover up to $5,000,000 related to negligence, fraud, and other illicit activities to get extra protection while trading.

Values

If you want to get a comprehensive idea of what a company is like, you must have a look at its core values and company culture. Striving for excellence is one of the fundamental pillars of XS, as it aims to deliver the highest standards in the trading world, as well as the most efficient tools. Integrity is also a main concern, with XS aiming to maintain the highest ethical standards, fairness, and honesty in all interactions and transactions. Continuous improvement and innovation are also necessary, especially in a market that changes so often as the trading world.

Last but not least, XS.com is committed to working with and for people, whether they are traders, partners, or employees. Bringing talent into the company is the only way to ensure developments and positive changes continue to transform the business.

The trading environment is becoming more expansive every day, and there are many things investors must keep in mind if they want to increase their odds of success. Working with a reliable trading platform should be a top priority, and XS can provide the best services for both newcomers and those who have been trading for several years.

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