On his website, XSpot writes to make you expect more from your portfolio. The company’s goal is to provide sophisticated professional depositors with secure and cost-effective access to the financial markets through a range of services and products that typically provide the elite of Private Banking’s customer base. The intermediary wants to bridge the gap between private banks, asset managers and independent financial advisors. This will accumulate all the best for financial transactions.
XSpot and its features
The company, founded in 2017, is registered in Saint Vincent and the Grenadines. The FSA is the regulator. The broker is focused on building strong and successful relationships with clients. Currency Strategy A was created to manage and diversify risks across a wide variety of currency pairs. It allows the use of a wide variety of trading strategies, as a result of which it is able to quickly adapt to changes in dynamic financial markets.
The components of the strategy are more than 5 trading styles, short and long term. They are developed and managed by automated systems, professional traders from XSpot, as well as risk managers with sufficient experience and a proven track record.
The minimum lot is from 0.01. The margin call is triggered at 30%. There is a program for partners.
Documentation
Legal information is subject to change at any time. The responsibility for constantly reviewing the new rules of work rests entirely with the trader. The privacy policy describes the principles for the use of customer data, through the XSpot official site and any other related web resources that are registered and maintained by the firm.
In terms of trading, the client undertakes to provide the broker with a margin. Client orders are executed only if there is a sufficient amount of funds on the account. At the same time, XSpot broker has the right to refuse such a service to a client without explaining the reasons, even if the result of such an action will be the client’s loss of profit or even damage received by him.
There is a policy of counteracting money laundering, which has a rather positive effect on the XSpot rating. The company warns of the risks that you assume. Let’s say Forex currencies and CFDs are high-risk instruments. Additionally, the risk of losing money increases if leverage is used. You may even lose all the capital you have invested.
- As a result, working with the financial instruments described above will not be suitable for everyone.
- You should not risk the money that you are not ready to lose.
- On the eve of deciding to cooperate with an XSpot broker, evaluate your level of experience and seek independent advice.
Moments that were not highlighted
How does XSpot withdraw funds and deposit funds? Only by bank transfer. Admittedly, there is no rich variety of electronic payment systems. More than 600 different instruments are allowed to trade, including Forex pairs, commodities, indices, CFDs and ETFs. Trading conditions, according to XSpot reviews, can be called fair. The A-book model – agency – implies the absence of conflicts of interest. Order execution is pure STP, no requotes, NDD execution.
