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What is XS? High leverage on metals and insurance explained
XS is an offshore FX broker known for high leverage on metals such as gold and silver. This page sets out the leverage tiers and insurance confirmed on its official pages, together with the risks.
Key conditions
| Item | Details |
|---|---|
| Maximum leverage (smallest equity band) | Gold: 1:2000 up to $5,000 equity / Silver: 1:2000 up to $1,000 / FX majors: 1:2000 up to ¥450,000 / Indices: 1:500 up to ¥150,000 / BTC and ETH: 1:200 up to ¥150,000 |
| Eligible accounts | EQ account types on MT5 only. Leverage falls as equity grows (gold drops to 1:10 above $400,000) |
| Limits on new positions | Capped at 1:200 around major news, before the Friday close and after the Monday open |
| Insurance | Civil liability insurance through Lloyd’s of London, up to US$5,000,000 for losses above US$10,000 caused by XS’s negligence, fraud, failure to perform or insolvency |
| Entity | XS Ltd (FSA Seychelles) serves many international clients; the entity depends on your country of residence |
Who it suits
- Traders who want high leverage on gold and silver with a small balance
- Those who can trade within the limits around major news
- MT5 users
Watch-outs and risks
- High leverage can trigger a forced close on a small move, and losses can exceed your margin
- 1:2000 applies only to small balances (gold up to $5,000)
- Non-EQ account types have different conditions
- Insurance is not a deposit guarantee; it has covered events and limits
FAQ
What is XS’s maximum leverage on gold?
1:2000 up to $5,000 of equity. It falls to 1:1000 up to $10,000 and 1:500 up to $20,000 as equity grows.
What does XS’s insurance cover?
Civil liability insurance through Lloyd’s of London of up to US$5,000,000 for losses above US$10,000, applying to XS’s negligence, fraud, failure to perform or insolvency.
Is XS regulated?
XS operates through several entities, and protection depends on the one that holds your account. Check the entity before you apply.
Sources and check date
Checked: 2026-10-05