XSpot Markets Review

Rana Adnan | May 20, 2021

Headquartered in Limassol, Cyprus, XSpot Markets is an online financial services provider that offers easy access to various financial markets — stocks, funds, bonds, and ETFs — using a proprietary trading platform. They provide traders with various learning and trading tools while offering reliable customer support. The minimum deposit required to start trading is $5,000.

Broker Pros / Cons
  • Powerful trading platform
  • Over 13,000 financial markets
  • Strict regulation
  • $5,000 minimum deposit
  • Limited funding options
  • No USA clients

Summary

XSpot Markets is an online trading broker that enables traders to gain access to the financial markets via an advanced trading platform that is fully customizable and offers a cutting-edge solution. They provide traders with competitive trading conditions — tight spreads, multiple account types, leverage of up to 1:30 —  to help them get the best out of their trades.

Regulation

XSpot Wealth (EU) Limited is authorized and regulated by the Cyprus Securities and Exchange Commission with license no. 235/14 and registered at the FCA (UK) under reference no. 655426, at BaFin (Germany) under reference no. 141183.

The broker accepts traders from different parts of the globe, provided that their respective country of residence permits online trading with international brokers. They cannot accept USA clients.

Platforms

XSpot PRO Trading Platform

The broker provides traders with the XSpot PRO trading platform, which is an in-house-developed trading platform that is designed to give users access to over 13,000 financial instruments. The platform supports tick data and has various tools to display and work with tick data. The platform’s ability to combine professional functionality and fully customizable workspaces brings experienced traders the most efficient tools for market analysis and trading.

The platform is available as a desktop application for Windows and Mac computers, a web version that can run directly on most modern web browsers, and a mobile app that is compatible with mobile devices running on Android and iOS devices.

XSpot PRO Trading Platform

XSpot PRO Trading Platform

Tools

There are no standalone trading tools on the broker’s website at the moment. However, clients can make do with the various built-in tools of the provided trading platform.

Education

The broker’s website contains various educational resources — learning articles, news, trading guides, and more — to help traders make knowledgeable trading decisions.

XSpot Markets News

XSpot Markets News

Markets

The broker offers the following trading products: stocks, funds, bonds, and ETFs.

XSpot Markets Financial Instruments

XSpot Markets Financial Instruments

Accounts

The following trading account options are available at XSpot Markets: Private, Professional, Joint, and Corporate Accounts. A demo account is available to help traders get acquainted with the broker’s trading platforms proceeding to open a live trading account.

Support

The broker provides traders with a professional customer support team who can be contacted via any of the following contact channels: telephone, email, Live Chat, and social media.

XSpot Markets Live Chat

XSpot Markets Live Chat

Funding

At XSpot Markets, all account deposit and withdrawal requests are processed using bank transfers.

Signup

To open an account, click on the ‘Create an Account’ button on the homepage of the broker’s website and fill in the registration form.

Compare

Compare Broker (vs Our Top 3 Brokers)
Broker FeaturesAvaTradeIGIC Markets
Founded200619742007
RegulatedASIC, BVI, CBI, FFAJ, JFSA, FSCA, IIROC, ADGM FRSAFCA, CFTC, NFA, BaFin, FINMA, ASIC, FMA, MAS, FSA, FSCA, DFSA, JFSA, METI, MAFFASIC, CySEC, FSA, SCB
CountryAustralia, Ireland, South Africa, Japan, British Virgin IslandsAustralia, UK, USA, Switzerland, UAE, Singapore, JapanAustralia, Seychelles, Bahamas, Cyprus
Min. DepositMin $250 DepositMin $100 DepositMin $200 Deposit
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Options, Bonds, CFDs, ETFsForex, Commodities, Stocks, Shares, Indices, Cryptocurrencies, Metals, Energies, Options, Bonds, ETFs, CFDsForex, Commodities, Cryptocurrency, Stocks, Shares, Indices, Metals, Energies, Bonds, CFDs
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTrade, Web, MobileMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX API, Web, MobileMetaTrader 4, MetaTrader 5, cTrader, Web, Mobile
TypeMarket Maker, STPSTP, ECN, DMAECN
FundingWire Transfer, Credit/Debit Card, Paypal, WebMoney, Neteller, SkrillWire Transfer, Credit/Debit Cards, PayPalWire Transfer, Credit Card, Debit Card, WebMoney, Neteller, PayPal, Skrill, FasaPay, UnionPay, Qiwi, Bpay, Poli
Visit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit BrokerVisit Broker

Conclusion

Overall, XSpot Markets is a regulated retail broker that provides a global clientele with access to trade multiple financial instruments via the XSpot PRO trading platform. They offer traders various learning resources and a professional customer support team to assist them. There are various favorable trading conditions to enhance clients’ trading experience. The minimum deposit required to start trading is $5,000.

XSpot Markets Logo

Min $5,000 Deposit

XSpot Markets is an online financial services provider that offers access to various financial markets using the proprietary XSpot PRO trading platform.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

Rana Adnan
I am an introverted long-distance runner and a Forex trader with more than 7 years of experience. Reminiscences of a stock operator was the first book that changed the whole concept of trading for me.

Review Methodology

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