Review of XStrades Broker Account Types

XSTrades broker offers a diverse range of trading accounts, providing a flexible platform for the varied needs of its users in global markets. These accounts include the Preferred categories, the Professional account and Partners, each with its own specific features in terms of spreads, commissions and trading platforms. The main goal of the variety in XStrades broker accounts is to optimize users' trading potential and offer diverse conditions for all trading levels. Below, we review the details and key differences of these accounts.

XS Trades broker review

XS Trades Broker Standard Account

The Standard account is the most popular account type at this broker and is designed for a wide range of traders, from beginners to professionals. This account strikes a balance between trading costs and access to various instruments; below, we review its details and compare the broker's claims with its client agreement.

Feature	Standard Account	Client Agreement Notes
Minimum Deposit	None	The broker can change the account type based on total deposits.
Platform	MT4, MT5	-
Average Spread	1.1 pips	The broker has the discretion to change spreads based on market conditions.
Commission	Zero	The agreement states that fees can be changed unilaterally.
Maximum Number of Accounts	10 accounts	Each account is managed separately and balances are not combined
Stop Level	0	-
Islamic Account	Yes	After the period ends, swap is charged. If the swap-free account is abused, profits earned are cancelled and fees are charged.
Lot Size	100000	-
Minimum Trade Volume	0.01 lot	-
Leverage	1:500	May be limited to 1:100 on Fridays and before major news
Margin Call Level	40%	Under clause 9.5, if margin falls below 40%, automatic closing of positions begins.
Stop-Out Level	0%	-

Pros and Cons of the Standard Account

Pros of the Standard Account	Cons of the Standard Account
No large initial capital required	Higher spread compared to the Elite account
Variety of symbols	Lack of transparency in changes*
No commission	Zero percent stop-out level**
Islamic account support

* According to the agreement, despite the XS Trades broker website's claim of special conditions for this account, the broker has the right to widen spreads during periods of extreme market volatility.

**A zero percent stop-out level means trading positions stay open until the very last moment, which consequently increases the risk of losing all of your capital.

XS Trades Broker Cent Account

The Cent account is designed for those who want to trade in a real market environment with very low risk. In this account, the balance is shown in cents instead of dollars, which allows trading with very small lots.

Specifications	Cent Account	Client Agreement Notes
Minimum Deposit	None	-
Platform	MT5	-
Average Spread	1.1 pips	The broker may change spreads based on market conditions.
Instruments	Currencies and metals	-
Maximum Number of Accounts	10 accounts	-
Stop Level	0	-
Islamic Account	Yes	After the grace period, swap is charged. If the swap-free account is abused, profits earned are cancelled and fees are charged.
Lot Size	100000 cents	-
Minimum Trade Size	0.01 lot	-
Leverage	1:500	On Fridays and before major news, it may be limited to 1:100.
Margin Call Level	60%	-
Stop Out Level	10%	-

Pros and Cons of the XS Cent Account

Cent Account Pros	Cent Account Cons
Risk control	Limited to the MT5 platform
No deposit limits	Limited instruments
Suitable leverage for a cent account
Islamic account support
Balance shown in cents

XS Trades Broker Elite Account

The Elite account falls into the Professional account category at XS Trades and is designed for experienced, professional traders looking for the lowest spreads.

Feature	Elite Account	Client Agreement Notes
Minimum Deposit	$500	If the balance drops, the company has the right to change the account type.
Platform	MT4, MT5	-
Average Spread	0.1 pips	The broker has the discretion to change spreads based on market conditions.
Commission	$3 (Per Side)	The agreement states that fees can be changed unilaterally.
Maximum Number of Accounts	10 accounts	Each account is managed separately and balances are not combined
Stop Level	0	-
Islamic Account	Available	After the grace period ends, swap is charged. If the swap-free account is abused, profits earned are cancelled and fees are charged.
Lot Size	100000	-
Minimum Trade Size	0.01 lot	-
Leverage	1:500	May be limited to 1:100 on Fridays and before major news
Margin Call Level	40%	Under clause 9.5, if margin falls below 40%, automatic closing of positions begins.
Stop-Out Level	0%	-

Pros and Cons of the XStrades Elite Account

Elite Account Pros	Elite Account Cons
Low spreads	High minimum deposit ($500)
Lower trading costs	Commission required
Access to a wide range of assets	Order size limited to 50 lots at night
Very fast execution

XS Trades Broker Classic Account

The Classic account is part of the Partners Special accounts and offers specific features for partners and select traders , the details of which we cover below:

Feature	Elite Account	Client Agreement Notes
Minimum Deposit	None	-
Platform	MT4, MT5	-
Average Spread	1.6 pips	The broker has the discretion to change spreads based on market conditions.
Commission	Zero	The agreement states that fees can be changed unilaterally.
Maximum Number of Accounts	10 accounts	Each account is managed separately and balances are not combined
Stop Level	0	-
Islamic Account	Available	After the period ends, swap is charged. If the swap-free account is abused, profits earned are cancelled and fees are charged.
Lot Size	100000	-
Minimum Trade Volume	0.01 lot	-
Leverage	1:500	May be limited to 1:100 on Fridays and before major news
Margin Call Level	40%	Under clause 9.5, if margin falls below 40%, automatic closing of positions begins.
Stop-Out Level	0%	-

Pros and Cons of the Classic Account

Classic Account Pros	Classic Account Cons
High rebate potential	High spreads
No minimum deposit restriction
No commission
Coverage of various symbols

Can You Open a Swap-Free (Islamic) Account at XS Trades Broker?

Yes, XStrades broker offers Islamic swap-free accounts (Swap-Free) so that traders can trade without paying or receiving overnight swap. However, a review of this broker's client agreement shows that the XStrades Islamic account comes with conditions that should be noted:

1. Grace Period: Swap-free accounts are swap-free only for a set period, and once this period ends, swap is charged to the account.

2. Administrative Fee: The broker reserves the right to deduct a holding fee or an administrative fee from the account instead of swap.

3. Broker's right to unilateral cancellation: If the broker suspects abuse of the swap-free conditions to earn risk-free profit, it has the right to unilaterally cancel the Islamic account and remove the resulting profit.

Review of the XS Trades PAMM Account

PAMM accounts are designed for investors who lack the expertise or time to trade and want to entrust their capital to professional managers and traders. In this type of account, the account manager (Asset Manager) is responsible for executing trades, and profits and losses are distributed according to each investor's share.

According to the XS Trades broker agreement, the user must approve the Power of Attorney for the PAMM account before connecting to a manager. The agreement also states that the broker may carry out a range of activities, including account management, either on its own behalf or on behalf of others.

Comparing XS Trades Broker Accounts: Which One Is Right for Me?

Choosing the right account depends entirely on your needs, trading strategy and capital. That said, we recommend:

If you are a beginner or want to test the market, the Cent account is the best option, because you can trade in a live environment with the smallest amount.
If you are looking for an account with typical trading conditions, the Standard account is a good choice thanks to its very wide range of symbols and no commission.
If you are a scalper or want to trade high volumes: we recommend the XS Trades Elite account. The spread cost drops to 0.1 pip on this account, which increases your profitability. However, you need at least $500 to start.

Account type	Minimum deposit	Platform	Average spread	Commission
Standard	None	MT4 and MT5	1.1 pips	0
Cent	None	MT5 only	1.1 pips	0
Elite	$500	MT4 and MT5	0.1 pip	$3 (Per Side)
Classic	None	MT4 and MT5	1.6 pips	0

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