XSocio Markets-Overview of Minimum Deposit, Spreads & Leverage

General Information& Regulation

XSocio Markets, owned by XSocio Markets Ltd., is an emerging Forex retail broker that offers multi-asset trading in premium trading conditions and support with considerable low spread and high leverage, the corporation was supposedly registered in China with the main company address at Suite 305, Griffith Corporate Centre, P.O.Box 1510, Beachmont, Kingstown, St. Vincent, and the Grenadines.

Market Instruments

Also, XSocio Markets is a multi-asset trading platform that provides traders with access to leveraged trading services on a broad range of CFD instruments on Energies, Metals, and Indices, as well as Currency pairs such as USDCNH, USDHKD, USDNOK, USDPLN, USDSEK, USDTRY, and USDSGD.

Accounts & Leverage

Based on ones initial investment, XSocio Markets offers multiple account types Rookie Account, Micro Account, PRO Account, Scalpx Account, Copytrade Account, as well as PAMM Account including with very different conditions, the minimum amount varies between 1 USD and 50 USD, for instance, both Rookie Account and Micro Account set a limit to the minimum deposit for 1 SUD, besides, the clients who would like to be the member of PRO Account are required to deposit 10 USD, in addition, the Scalpx Account, as well as PAMM Account, required clients to deposit 50 USD at least. Moreover, the leverage of XSocio Markets supposedly capped at 1:2000.

Spreads & Commissions

The spread for the account is variable, for the spread is variable from as low as 0.0 pip, and the other accounts are from as high as 1.6 pips. Whats more, there is not any commission info on the official website.

Trading Platform

What is worth mentioning, XSocio Markets provides a trading terminal option of MetaTrader 4/MetaTrader 5(MT4/MT5), which is an industry-recognized platform available for free download to PC desktops (Windows/macOS) and mobile devices (Android/iOS).

Deposit & Withdrawal

XSocio Markets has provided support for a wide array of payment methods via Credit/Debit card (VISA), and E-wallets – Skrill, Neteller, B2B, and so on.

Customer Support

XSocio Markets provides clients 24/5 assistance, however, we could not get relevant contact information, if clients would like to know about this broker in-depth, please try to visit the official website, the official website is as follows: https://xsocio.id

Risk Warning

Trading in leveraged financial instruments carries a high level of risk, including the risk of losing your entire invested capital, and may not be suitable for all investors. The high leverage and volatility of such instruments can work against you as well as for you. Before you decide to trade, you should carefully consider your investment objectives, level of experience, and risk appetite. Wherever in doubt, you should consult and receive advice from independent experts, including legal, tax, and financial advisers.