All trading involves risk. It is possible to lose all your capital.
XS offers variable spreads on both MetaTrader 4 and MetaTrader 5 trading platforms. We offer tight spreads in each of our platforms by providing Standard and Raw account types. With top tier liquidity sources pricing into our bridge at any given time, we manage to safeguard our spreads remain tight and liquidity deep 24/7.
XS is an advocate of the adoption of more transparent and ethical practices across the online trading industry. For this reason, we have developed an award-winning model of execution that meets both trader demands and ethical standards.
Leverage is necessary for a retail trader to open orders for amounts significantly exceeding their initial deposits. With XS, it is up to you to decide what leverage to use to trade with and to make sizeable trades with small deposits.
Margin is the amount of collateral required to cover any credit risks arising during your trading operations. Given the high volatile trading conditions, additional equity is required to be always maintained in your trading account to protect you from a potential margin call. Otherwise, your current positions may be closed if the market moves against you and you will not be able to open any new trades. Margin is expressed as the percentage of position size (e.g. 5% or 10%).
For Forex, Gold and Silver, new positions can be opened if the margin requirement for the new positions is equal or less than the free margin of the account. When hedging, positions can be opened even when the margin level is below 100% because the margin requirement for hedged positions is zero.
Using leverage means that you can trade positions larger than the amount of money in your trading account. Leverage amount is expressed as a ratio, for instance 1:1, 1:200, or 1:500.
Leverage is like a credit facility. XS will lend you whenever you trade on margin. This enables you to purchase a larger amount of an asset that exceeds your account value. Without this allowance, you would only be able to open orders of your account value at a time.
When using leverage, it is very important to never forget about risk management.
On the one hand, by using leverage, from a relatively small initial investment you can make larger profits on your successful trades. On the other hand, your losses can be significant if you fail to apply proper risk management. Therefore, XS provides a leverage range that helps you choose your preferred risk level as well as a free negative balance protection to keep your account safe. Good traders use stop orders to help them minimize the trading risks.
The market hours for all our tradable products. Please note that XS server time and charts are GMT + 2 or GMT + 3 (when daylight savings is in effect).
The trading hours for all currency pairs is 00:01 server time to 23:59 server time daily (23:57 on Friday), whereas for Gold is 01:02 server time to 23:57. All other Metals (XAG, XPD, XPT) open for trading at 01:00 server time (Monday) and close at 23:59 server time daily (23:55 on Friday).
You will also be able to view the Trading Hours from within your MetaTrader trading terminal by following the process outlined below.
Right click on any instrument in the ‘Market Watch’ section, then left click on the ‘Specification’ button, a new window will open that shows the Trading Hours for the pair selected.
Trading Hours are subject to change. The most accurate details are those displayed in your account through the electronic trading system.
The most productive and liquid trading hours are between the opening of the London markets at 08:00 GMT and the closing of the US markets at 22:00 GMT. The peak time for trading is when the US and London markets overlap between 1 pm GMT – 4 pm GMT. This is usually the time when day traders make most of their trades.
There are generally four main trading sessions. Sydney, Tokyo, London, and the New York session. Both the Sydney and Tokyo sessions are regularly referred to as Asian sessions. Therefore, Forex can also sometimes be referred to as the 3-session market: Asian, London, and New York.
Below is a brief overview of trading sessions:
1. LONDON SESSION – open between 8 am GMT – 5 pm GMT; EUR, GBP, USD are the most active currencies;
2. US SESSION – open between 1 pm GMT – 10 pm GMT; USD, EUR, GBP, AUD, JPY are the most active currencies;
3. ASIAN SESSION – opens at about 10 pm GMT on Sunday afternoon, goes into the European trading session at about 9 am GMT; NZD tends to be most active currency.
For any enquiries, technical difficulties, or urgent support, feel free to contact our 24-hour customer support by email or live chat any time.