XS Questions & Answers

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Here’s what consumers have asked with answers from XS staff and previous consumers.

32 questions answered
6% answered in 1 day
Question:

What is your stop out level?

Answer:

Hm, what exectly do you mean? I think you had to specify the question. Anywway, I assume you meant what my stop loss order in terms of % on average is. Well, then, I usually put stop loss order so low that if it is triggered it means the trade is not right. This level is deciced based on technical factors. I use pretty wide-stops, around 5-7% from the entry point. But I control my risks strictly. On any trade I do my best not to commit 1.5-2% of my total equity. However, in somce cases I might used even wider stops, it depends on volatility and my conviction in the trade.

By Jacomo V.
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Question:

What's your daily choice of assets on this platform? are the conditions for them appropriate, like leverage for instance?

Answer:

Yep, pretty much. Conditions suh as choice of assets, leverage, commissions are considered to be the most essential part for trader, so, if you can't go along with them, then yu won't stay with XS. I'm easily getting on with 'em. I trade major Fx pairs, and 1:500 leevrage is more than enough.

By Martin R.
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Question:

What does pamm mean, has anyone used this service?

Answer:

PAMM stands for Percentage Allocation Money Management. Many people mistakenly take this for the well-known PMAM (Personal Multi Account Manager). Both are intended for use by more experienced traders. They are excellent tools for pro traders who are willing to manage other people's money, but one can also use this solution for one's own capital. Although they have some similarities, PAMM has more options. The feature that makes the difference is that with this solution, a trader who manages other people's funds can pool all the funds together and trade with a larger position size, consequently improving the portfolio's performance. The tool automatically sorts out the profit share according to each person's share in the account size. There are other interesting features, but in brief, this is what you need to know about PAMM

By Juan Carlos G.
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Question:

Answer:

I recommend using E-wallets or bank cards. Bank transfers can take a few days, which can be inconvenient. Although this is quite normal for this type of transfer. But transfers from e-wallets or bank cards are instant. I said this about depositing money into account. If you plan to withdraw money from your account and you also need high speed of withdrawal, I recommend using Neteller. This method of transferring money both for deposit and withdrawal is the fastest.

By Juan Esteban P.
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Question:

O que esta corretora tem a oferecer para traders profissionais?

Answer:

A corretora XS é uma excelente plataforma para traders profissionais! Vou começar pelos tipos de contas. Traders profissionais frequentemente procuram por contas de trading avançadas. Eles geralmente negociam volumes maiores e, por isso, requerem melhores condições em termos de comissões e spreads. Na plataforma da XS, três contas são adequadas para traders profissionais: PRO, ELITE e VIP. Cada uma delas oferece spreads mais baixos. A conta Elite vem com um spread bruto e tem uma das menores comissões para este tipo de conta, apenas $3 por lote por lado. Por outro lado, a conta PRO não tem comissão de trading, mas possui um spread um pouco mais alto. Outro aspecto é o procedimento de saque. Esta corretora possui uma plataforma avançada de gestão de fundos e até fornece seu próprio XS MasterCard, que permite transferências mais rápidas e baratas.

By Luis K.
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Question:

Whether all the awards xs broker has obtained stress the company's trustworthiness or not really?

Answer:

Of course awards are proof of trustworthiness. I may be wrong and I admit it, but it seems to me that contests in which brokers take part are more than just some insignificant event. It seems to me that those organizations that hold contests try to increase their credibility. It is quite obvious. They try to make their competitions more prestigious and more authoritative. And to increase their authority it is necessary that more reputable brokers take part in these competitions. Just imagine how the prestige of some racing competition will increase if Max Verstapen, for example, takes part in it. It is the same with brokers' contests. That's why organizations holding such contests try to invite only reputable ones to participate. And the victory in such a competition confirms not only reliability but also favorable trading conditions.

By Sulaiman B.
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Question:

Do you have any idea of the regulations of this broker?

Answer:

Sure, and I can even say more - you also can have the idea just by scrolling down the main page =) No passive aggression, I just hint you where to check this information. XS broker has a rather good list of regulations which allows it to operate within particular jurisdictions. It has a regulation from FSA, ASIC and CySEC, as far as I remember. ASIC allows to work within Aussie market, CySEC license is liable for the European jurisdiction. These two are considered to be very reliable entities as they supervise a plethora of decent brokers.

By Gabriel R.
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Question:

What are the payment methods available that are most reliable?

Answer:

You can use any platform that you are most comfortable with. The payment methods are all reliable, if that is your question. But you need to understand that all the payment methods have different requirements and rules, such as minimum and maximum limits, processing times, etc. The specifics are all detailed on the XS website.

By Teppo P.
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Question:

Answer:

Since there are many of them and it actually depends on which ones you know and you have used before, i cannot say exactly that one of them is way better than others, but if you havent tried any of them before, you can use neteller or skrill to begin with, they are quite popular and straightforward to use.

By Murilo S.
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Question:

How do i choose the right account for my needs?

Answer:

Just bear in mind that parameters vary and that is it. Check out these accounts on the website and define your trading style preliminary. Those who adore scalping usually opt for accounts with commissions, since they are lower than spreads and aren't burdening in case of making 20-30 trades per day. Positional traders don't bother much and choose spread-based accounts. Also, know that number of markets vary too.

By Vicente B.

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