XS review: trading US stocks
A multi-asset CFD broker, not a US stockbroker. It is on this site because it gives non-US traders leveraged exposure to several hundred US share prices with no minimum deposit.
In one line: XS gives leveraged exposure to US share prices without ownership, founded 2010, established in Australia, regulated by ASIC, CySEC, FSCA, CMA, FSA, LFSA, FSC, with no minimum deposit and access to 550+ US share CFDs.
The facts
| What you actually hold | A contract for difference on the share price |
|---|---|
| US stock access | 550+ US share CFDs |
| Fractional shares | Not applicable to CFD sizing |
| Minimum deposit | None |
| Published pricing | US share CFDs on the Standard account trade on a floating spread with no separate commission; swaps apply to positions held overnight and are tripled on Fridays. Source |
| Platforms | MetaTrader 4, MetaTrader 5, XS Trading App |
| Extended hours | Regular US session only, per its published trading hours |
| Founded / HQ | 2010 · Established in Australia; no single head office published |
| Regulation | ASIC — Australia (374409); CySEC — Cyprus (412/22); FSCA — South Africa (53199); CMA — UAE (20200000339); FSA — Seychelles (SD089); LFSA — Malaysia (Labuan) (MB/21/0081); FSC — Mauritius (GB25204786) |
Best for
- Non-US residents who want a wide US share-CFD list on MetaTrader 4 or 5
- Starting with no minimum deposit on the Standard account
- Traders who want an entity licensed in the UAE, South Africa or Labuan
Watch out for
- CFDs are leveraged: you do not own the share, get no shareholder rights, and can lose all your capital
- XS says its website is not directed at residents of the United States, the European Union, Australia or Japan
- Which XS entity holds your account depends on where you live, and investor protection differs by entity — confirm it before depositing
- Dividends arrive as cash adjustments on open CFD positions, not as shareholder dividends
Frequently asked questions
Is XS good for US stocks?
A multi-asset CFD broker, not a US stockbroker. It is on this site because it gives non-US traders leveraged exposure to several hundred US share prices with no minimum deposit. Positions are CFDs, so you never own the share: dividends arrive as cash adjustments and financing is charged nightly.
Do you own the shares with XS?
No. XS offers contracts for difference on US share prices. You get price exposure with leverage, but no ownership, no voting rights and no actual dividend.
What does XS cost for US stocks?
US share CFDs on the Standard account trade on a floating spread with no separate commission; swaps apply to positions held overnight and are tripled on Fridays. The authoritative figure is on XS's own pricing page, linked on this profile — we restate it rather than estimating it.
Is XS regulated?
XS holds authorisations from ASIC (Australia, licence 374409); CySEC (Cyprus, licence 412/22); FSCA (South Africa, licence 53199); CMA (UAE, licence 20200000339); FSA (Seychelles, licence SD089); LFSA (Malaysia (Labuan), licence MB/21/0081); FSC (Mauritius, licence GB25204786). Which entity holds your account — and therefore which protections apply — depends on your country of residence.
What is the minimum to open a XS account?
XS does not require a minimum deposit, though a practical minimum is set by the price of what you want to buy and any currency conversion cost.
Reviewed October 2026. Every figure above is restated from XS's own published pages, linked in the table.