XS (XS.com)'s reputation can be checked on four points confirmed on the official site: regulatory disclosure, insurance, account terms and trading tools. The XS group publishes registration and licence information for 8 entities on its regulation page, and states Lloyd's of London insurance of up to USD 5 million, several industry awards through 2026, Standard-to-VIP account terms, dynamic leverage up to 1:2000, swap-free accounts and the XS app (all checked 26 September 2026).
Many posts about XS's reputation online do not state the account type or period, so you cannot tell whether they apply to your account. This article lists only what can be confirmed on the official site, in the order of company details and awards, safety, review points versus confirmed facts, account type highlights, dynamic leverage/swap-free/app highlights, and steps to check before opening an account.
In short: judge XS's reputation on regulatory disclosure, insurance, account terms and trading tools
- Regulatory disclosure: the XS group publishes registration and licence information for 8 entities on its official regulation page (checked 26 September 2026). Check which entity applies to a Japan-resident account at registration
- Insurance: Lloyd's of London insurance of up to USD 5 million. It covers clients who opened a live account with XS.com, conditional on financial loss caused by XS.com's negligence, wrongdoing, misconduct or failure to provide a service
- Account terms: Standard and Cent are commission-free from 1.1 pips, Pro is commission-free from 0.7 pips, Elite and VIP are from 0.1 pips with a fee. Minimum deposit is unlimited on Standard/Cent, USD 500 on Pro/Elite and USD 100,000 on VIP
- Trading tools: MT4 and MT5, plus dynamic leverage (up to 1:2000), swap-free trading and the XS app (demo/live account management, deposits/withdrawals, trade history)
XS is an advertising partner of this site, and we receive referral commission on accounts opened through our links. This article organises official information and does not guarantee safety, withdrawals or trading results. Trading FX and CFDs carries the risk of losing part or all of your funds due to market movement and leverage. The figures and terms shown at registration and in the current terms take priority.
XS company details and awards: 8 entities with published regulatory information
The XS group publishes registration and licence information for 8 entities on its official regulation page (checked 26 September 2026). The entity and terms that actually apply to a Japan-resident account are the ones shown on the registration screen, not the list on the regulation page. Saving the entity name shown at registration makes it easier to verify later.
| Award | Organiser / event | Period |
|---|---|---|
| Best Trading Experience Award, Best Global Broker Award | African Fintech Summit The Trading Show | September 2026 |
| Best Trading Conditions Award | Money Expo India HQMENA | August 2026 |
| Best Partner / Loyalty Program Award | Wealth Expo Mexico 2026 | August 2026 |
| Best CFD Broker | Rankia LATAM (Peru) | May 2026 |
| Best FX Broker | Rankia LATAM (Colombia) | May 2026 |
| Best Investment Platform | Rankia LATAM (Mexico) | May 2026 |
| Best Global Multi-Asset Broker / Best Multi-Asset Broker (Asia-Pacific) | Traders Fair Awards FINEXPO | December 2025 |
※ These award names and organisers are self-reported on the official awards page. The founding year and total number of awards are not stated on the official page, so this article does not cover them.
XS safety: Lloyd's of London insurance and its conditions
XS's official insurance page (checked 26 September 2026) names Lloyd's of London as the insurer and states insurance of up to USD 5 million. It covers clients who opened a live account with XS.com, and applies when a financial loss is caused by XS.com's negligence, wrongdoing, misconduct or failure to provide a service. It is positioned as additional insurance that applies to damages exceeding USD 10,000, and no exclusions are stated.
| Item | Detail |
|---|---|
| Insurer | Lloyd's of London |
| Coverage | Up to USD 5 million |
| Who is covered | Clients who opened a live account with XS.com |
| Condition | Financial loss caused by XS.com's negligence, wrongdoing, misconduct or failure to provide a service |
| Positioning | Additional insurance applying to damages exceeding USD 10,000 |
※ The condition is limited to loss caused by XS.com's own negligence, wrongdoing, misconduct or service failure — it does not cover trading losses caused by market movement.
Points often raised about XS, and what official information confirms
The table pairs points commonly raised about XS on review sites and social media with what can be confirmed on the official site. Individual experiences cannot be verified, so this site does not rely on them.
| Review topic | What official information confirms | Where to check |
|---|---|---|
| Tight spreads, clear fees | Standard and Cent: commission-free from 1.1 pips. Pro: commission-free from 0.7 pips. Elite: from 0.1 pips with USD 6 round trip. VIP: from 0.1 pips with customised fees | Our broker page (confirmed 2 August 2026) |
| Can start small | Standard and Cent have no set minimum deposit. Pro and Elite require USD 500, and VIP requires USD 100,000 | Our broker page |
| Up to 1:2000 leverage | Dynamic leverage, either equity-based or lot-based, that steps down as equity or trading volume increases | Official dynamic leverage page |
| Swap-free trading | Applied automatically to every live account (excluding demo), with no application needed, no added fee and no wider spread | Official swap-free page |
| Bonuses available | A standing no-deposit bonus (JPY 5,000) and a first-deposit bonus (JPY 10,000). Current offers appear automatically on our broker page | Our broker page, "Current bonuses and campaigns" |
| Japanese-language support | Listed as offering Japanese-language support on our broker page | Our broker page |
※ Account names, spreads and minimum deposits are figures listed on our broker page (confirmed 2 August 2026). The registration screen takes priority.
- Does the review state the account type and period? Without them you cannot tell whether it applies to your account
- Read reviews carrying referral links as coming from a party paid for referrals (this site is in the same position)
- In the end, check the official terms and account types page yourself
XS account types at a glance: five accounts from Standard to VIP
| Account | Average spread (EUR/USD) | Commission | Minimum deposit | Platforms |
|---|---|---|---|---|
| Standard | 1.1 pips | None | No minimum | MT4, MT5 |
| Cent | 1.1 pips | None | No minimum | MT5 |
| Pro | 0.7 pips | None | USD 500 | MT4, MT5 |
| Elite | 0.1 pips | USD 6 round trip | USD 500 | MT4, MT5 |
| VIP | 0.1 pips | Customised | USD 100,000 | MT4, MT5 |
※ The official account list (checked 26 September 2026) also shows COPY STANDARD and COPY PRO accounts for copy trading, but we could not access their detail pages, so this article states only that copy-trading accounts exist.
The official Standard account detail page (checked 26 September 2026) states a maximum leverage of 1:2000, a 40% margin call, a 20% stop out, a minimum lot of 0.01, USD/JPY account currencies, a maximum of 500 open orders on MT4 (no limit on MT5), instruments covering forex, metals, crypto, energy and indices (plus futures and stocks on MT5), and swap-free trading. Check the individual detail page for each other account type.
See the account type comparison on the XS Account Opening Guide →
Dynamic leverage, swap-free and the XS app at a glance
XS's maximum leverage of 1:2000 is not a fixed figure — it is set by two types of dynamic leverage, equity-based and lot-based. Equity-based leverage steps down as the account's equity grows; lot-based leverage steps down as trading volume grows. The full tables by instrument, plus the 40% margin call and 20% stop out, are covered in a separate article.
See XS's dynamic leverage and stop out tiers →
Swap-free trading is applied automatically to every live account (excluding demo), with no application needed, no added fee and no wider spread. Each eligible instrument has its own grace period, after which the normal swap fee applies. The instrument list and grace periods are covered in a separate article.
See XS's swap-free accounts (eligible instruments and grace periods) →
- The XS app (iOS and Android) can open and manage demo and live accounts
- Check balance, margin and open positions, deposit, withdraw and transfer funds, and track trade history
- Supports data encryption and two-factor authentication (official platforms page)
Steps to check before opening an XS account
- 01Confirm the contracting entity and regulatory information
Save the entity and terms shown at registration. The XS group publishes registration and licence information for 8 entities on its official regulation page.
- 02Choose an account type
Pick from Standard to VIP based on how often you trade and how much you deposit. See the account type comparison on the XS Account Opening Guide for detail.
- 03Complete identity verification
Verify your identity before you start trading. See the verification page on the XS Account Opening Guide for the required documents.
- 04Check the dynamic leverage and swap-free terms
After opening an account, check the leverage tiers, which change with equity and trading volume, and the swap-free grace period for each instrument.
- 05Check the bonus terms
See the bonus page on the XS Account Opening Guide for how to claim the no-deposit and first-deposit bonuses.
See the XS Account Opening Guide (opening an account, verification, deposits/withdrawals, login) →
Basic items to check when comparing brokers (beginner guide) →
Frequently asked questions
Q. Is XS a good broker?
A. Rather than relying on reviews alone, check the four points confirmed on the official site: regulatory disclosure, insurance, account terms and trading tools. The XS group publishes registration and licence information for 8 entities and states Lloyd's of London insurance of up to USD 5 million and several industry awards through 2026 (checked 26 September 2026).
Q. Where can I check XS.com's reputation?
A. On the official regulation page, insurance page, awards page and account types page. The contracting entity and terms are the ones shown on the registration screen, so save them before you open an account.
Q. Can I trust reviews of XS?
A. If a review does not state the account type or period, you cannot tell whether it applies to your account. This site organises only facts confirmed on the official site and does not rely on individual experiences.
Q. Is XS safe as an offshore FX broker?
A. This is not a statement that it is guaranteed safe, but the XS group publishes registration and licence information for 8 entities on its official regulation page and states Lloyd's of London insurance of up to USD 5 million. Check which entity applies to a Japan-resident account at registration.
Q. When does XS's insurance apply?
A. It covers clients who opened a live account with XS.com, as additional insurance for damages exceeding USD 10,000 caused by XS.com's negligence, wrongdoing, misconduct or failure to provide a service. It does not cover trading losses caused by market movement.
Q. What are the differences between XS account types?
A. Standard and Cent are commission-free from 1.1 pips with no minimum deposit. Pro is commission-free from 0.7 pips with a USD 500 minimum. Elite and VIP are from 0.1 pips with a fee, and minimum deposits of USD 500 and USD 100,000. See the account type comparison on the XS Account Opening Guide for detail.
Q. Where can I check XS's bonuses?
A. XS offers a standing no-deposit bonus (JPY 5,000) and a first-deposit bonus (JPY 10,000). Current offers appear automatically on our broker page and the bonus page of the XS Account Opening Guide.
Sources and conditions
- XS official: Regulation (checked 26 September 2026) →
- XS official: Insurance (checked 26 September 2026) →
- XS official: Awards (checked 26 September 2026) →
- XS official: Standard account (checked 26 September 2026) →
- XS account types and terms (this site) →
- XS Account Opening Guide →
- Advertising, affiliate relationships and risk disclosure →
FX Textbook is an independent information site, not a broker or provider of personal investment advice. Forex and CFDs involve risk. You may lose some or all of your invested capital. No trading result is guaranteed.
NEXT STEP
After checking XS's reputation, compare its account types.
Account terms from Standard to VIP, the standing bonuses and current promotions, and how to open an account are on our broker page.
Brokers covered in this column
Account types, trading conditions and current offers are on each broker page.