In order to open a live account, you will need to register your profile by clicking on any of the “open live account” buttons throughout the website or directly via this link: https://my.xs.com/register
Please allow our onboarding team up to one business day to verify your documents and approve your account. However we always aim to have your account open within few hours.
In order to review your account, we will require the below documents: Proof of Identity – a coloured copy of your travel passport containing your photograph, full name, valid expiry date and your signature. (If no valid passport is available, please upload a similar identification document such as National ID card or Driving license) Proof of Address – a recent utility bill (e.g. electricity, gas, water, waste disposal, Internet or a Bank Statement) dated within the last 6 months and confirming your name and the registered address.
This is due to obligatory ‘Know your Client’ (KYC) procedures that we must follow, in accordance with international Anti Money Laundering (AML) regulations
Log in to your MT4 platform, go to the Market watch window, right click and select “Show all”. Now, you should be able to see all instruments available for trading.
All trading involves risk. It is possible to lose all your capital.
Trade Commodities with XSTrades
Trading commodities CFDs (“contracts for difference”) is one of the most common ways to diversify your portfolio and/or hedge risks. Commodities CFDs are attractive to speculators due to their high volatility and because traders do not worry about physical delivery and ownership. XSTrades offers to its clients the opportunity to soft commodities with market-leading spreads.
How does commodities trading work?
Soft commodities are sold on futures markets, and their value is determined by demand and supply factors. In the case of agriculture products like cotton or cocoa, supply factors like weather play a very significant role on the value of the product.
Commodity demand in general is impacted by broader factors such as global economic outlook, financial cycles, population increase, inflation and even wars. Soft commodities are usually traded only against US dollar and they usually provide strong protection again inflation.
Commodities Trading Example
The underlying asset is Cotton
Let us suppose that Cotton is trading at: $85.50
You decide to buy 1000 (this is equivalent to 1 lot) because you believe that the prices will rise in the future.
In our example, the price moves in your favour and WTI rises to 81.50. You could close your 1 lot position at this level and have a winning trade. But, had the price declined instead moving against your prediction, you may had resulted in a loss.
The gross profit on your trade is calculated as follows: