XSocio Markets Advantages:
A variety of forex pairs, as well as a range of CFDs
One advantage of XSocio Markets might be their large selection of trading instruments. They have the 46 foreign pairs listed, including some that are may be minor or exotic such as USDCNH, USDHKD, USDNOK, USDPLN, USDSEK, USDTRY and USDSGD. There’s also a some nice CFDs on gold and silver, as well as natural gas, oil and 13 indices. But since no cryptocurrency assets are provided, here you can be able to check out the list of brokerages who trade using bitcoin CFDs
The leverage can be up to high at 1:500
In XSocio Markets you may trade using leverage that is as high as 1:500, which is quite appealing. But, remember that leverage with higher levels comes at the cost of losing your funds – they could be wiped out in just a few minutes, even with the slightest fluctuations.
In addition, there aren’t many brokers offering this kind of leverage to avoid the risk – it’s risky, and is regulated by the majority of regulators in Europe and Canada, the US, Canada and Japan and Canada, leaving Australia as the sole hub for regulation in which trading with higher margins is legal. Check out the list of brokerages who are regulated in Australia as well.
MetaTader4 is available as an account for a trial
We have tested XSocio’s MetaTrader4 platform using an account for demo, however it was discovered that the platform is offered by a different firm – XIG Limited. We will give credit to XSocio Markets for MT4 as it is the most popular trading platform that is available. There are many benefits of the platform: it’s light, has an intuitive and user-friendly interface, as well as a great array of advanced charting tools as well as numerous indicators for markets and customizable trading bots that assist you in running automatic trading session. You can also check out our listing of broker that offer MetaTrader4 in addition to:
Start trading with only 10 USD
It is a great aspect as the majority of brokers have an initial deposit minimum of 250 USD. However, it is important to remember that there are some huge and known companies such as FBS and IG do not have any minimum deposit requirement.
Conclusion:
XSocio Markets is a low credibility offshore broker that is not regulated and unregulated and your money is not secure. This is why, once again, we’ll reiterate our standard recommendation to only trade with brokers that are authorized and licensed by a legitimate financial regulatory like ASIC in Australia, CySEC or the FCA within the UK, CySEC in Cyprus or ASIC in Australia.
XSocio Summary | |
---|---|
XSocio Details | Information |
Regulators | |
Country | |
Base Currencies | USD, EUR, GBP |
Type Of Brokers | ECN, STP |
Trading Platform | Desktop, Mobile, MT4 |
Established Year | 2019 |
Website Language | English |
US Clients |
XSocio Spreads | |
---|---|
Option | Information |
Minimum Spreads | 1.6 |
Commission | |
Fixed Spreads |
XSocio Payment & Withdrawal Option | |
---|---|
Option | Information |
Acc Funding Methods | |
Acc Withdrawal Methods |
XSocio Suitable For | |
---|---|
Option | Information |
Publicly Traded | |
Beginners | |
Day Trading | |
Weekly Trading | |
Professionals | |
Swing Trading |
XSocio Trading Account Options | |
---|---|
Option | Information |
Maximum Leverage | 1:500 |
Mini Account | |
VIP Accounts | |
Segregated Accounts | |
Free Demo Accounts | |
Managed Accounts | |
Pro Account | |
Minimum Deposit | $1 |
Islamic Account |
XSocio Trading Services | |
---|---|
Option | Information |
Hedging | |
News Trading | |
Scalping | |
Automated Trading | |
Indices | |
Commodities | |
Forex instruments | |
CFDs | |
ETFs | |
Stocks | |
Bonds | |
Cryptocurrencey | |
Trading Signals | |
Educational Service | |
Copy Tradings |
XSocio Contact & Support | |
---|---|
Option | Information |
Telephone No | +4402032894388 |
support@xsocio.com | |
24 Hours Support | |
Support During Weekends | |
Address | 1st Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St Vincent & Grenadines |