XSocio Review

Country : Saint Vincent and the Grenadines

Max. Leverage : 1:500

Demo account :

Foundation : 2019

Min. Deposit : $1

US Clients :

XSocio Markets is another offshore broker, which offers a wide range of trading accounts that have the possibility of leverage 1:500 or more and using the MetaTrader4 platform. Take note, however, that the broker isn't controlled, so if are considering opening an account with them, you'd make sure you read this first.

XSocio Advandage and Disadvandage

Advandage
  • Broker Type : STP/ECN
  • Platforms: WebTrader, MetaTrader 4,MetaQuotes MetaTrader (Android,IOS),
  • Multiple ways of account funding.
  • Market execution available.
  • Scalping Allowed
  • Hedging Allowed
  • Expert advisors Allowed
  • Affiliate program
  • PAMM, SCALFX, CopyTrade accounts available.
  • Islamic accounts available.
  • Trade Forex, Commodities, Indices, Precious Metals.
Disadvandage
  • U.S. citizens aren't allowed to open an account.

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 Saint Vincent and the Grenadines
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 Skrill, Perfect Money, Visa Card, Master Card
Acc Withdrawal Methods Skrill, WebMoney, Perfect Money, Visa Card, Master Card
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
Email support@xsocio.com
24 Hours Support
Support During Weekends
Address 1st Floor, First St Vincent Bank Ltd Building, James Street, Kingstown, St Vincent & Grenadines

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