XSMarkets

XSMarkets is a Cyprus-based retail forex and CFD broker, regulated by the Cyprus Securities and Exchange Commission (CySEC). The broker commenced operations in 2023, according to regulatory records, though its website suggests a longer history, claiming to have been founded in 2016. XSMarkets is registered at 247, Franklinou Rousvelt, 1st floor, 1B, 3046 Limassol, Cyprus.

The broker operates under a CySEC Forex Execution License (STP), allowing it to offer leveraged trading to retail and institutional clients. As a Cypriot regulated entity, XSMarkets adheres to European MiFID II standards, including client fund segregation and negative balance protection for retail traders.

CySEC regulation is a well-established framework in the European Union, requiring brokers to maintain adequate capital, report regularly, and participate in the Investor Compensation Fund (up to €20,000 per eligible client). XSMarkets displays its license on its website, and our verification confirms its active status. However, traders should note that leverage is capped at 1:30 for retail clients under ESMA rules, a standard for EU brokers.

While regulation provides a level of oversight, it does not eliminate all risks. The broker's risk score of 17/100 (low risk) reflects its regulated status and limited negative information, but traders should still conduct their due diligence.

XSMarkets offers two account types: Standard and RAW. The Standard account requires a minimum deposit of EUR 200 and offers variable spreads from 0.7 pips with no commission. The RAW account is designed for cost-sensitive traders, with a minimum deposit of EUR 500 and spreads from 0.0 pips plus a commission. Both account types provide maximum leverage of 1:30.

The minimum trade size is 0.01 lots, and the broker supports both long and short positions. According to the website, the RAW account is tailored for experienced traders seeking tighter spreads, while the Standard account is suitable for beginners. Leverage is fixed at 1:30 for all retail accounts, in line with regulatory requirements.

Trading is executed on the MetaTrader 5 (MT5) platform, which is available for desktop, web, and mobile devices. MT5 offers advanced charting tools, multiple order types, and automated trading via Expert Advisors. The broker also provides a WebTrader for browser-based access and a mobile app for on-the-go trading.

XSMarkets offers a range of over 40 forex pairs, 10+ indices, 5+ commodities, and 20+ share CFDs. Additionally, the broker lists metal and energy CFDs on its website. The product range is typical for a retail broker, covering major, minor, and exotic currency pairs, as well as popular global indices and commodities.

The broker supports multiple payment methods including bank transfer, Visa/MasterCard, Skrill, Neteller, and Mifinity. Deposits are generally fee-free, with bank transfers taking one business day and other methods processing instantly. Minimum deposit amounts vary: EUR 15 for cards and Mifinity, EUR 10 for Skrill and Neteller, and EUR 200 for bank transfers.

Withdrawal methods mirror deposits, and the broker states that no fees are charged for withdrawals. However, traders should confirm with their payment provider as intermediary fees may apply. The base account currencies are EUR and USD.

XSMarkets offers customer support via email (support@xsmarkets.com), phone (+35725249600), and live chat. Support is available Monday to Friday from 08:00 to 18:00 GMT+2. The broker's website includes Key Information Documents (KIDs) for its products in multiple languages, as required by EU regulation.

Educational resources appear limited; the site does not prominently feature webinars, videos, or trading guides. This may be a consideration for beginner traders seeking extensive learning materials.

XSMarkets primarily targets retail traders within the European Economic Area, given its CySEC regulation. The standard leverage cap and compliance with ESMA rules align with retail client protection. The broker also mentions serving institutional clients, but specific offerings for professionals are not detailed.

With a minimum deposit of EUR 200 on the Standard account, XSMarkets is accessible to traders with moderate capital. The RAW account's higher deposit requirement suggests a focus on more active or cost-sensitive traders. Overall, the broker caters to forex and CFD traders seeking a regulated EU environment.