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 Indices with XSTrades
Trading Indices CFDs (“contracts for difference”) is a great way to participate in the top global stock markets. Indices are very popular among traders as it allows them to take a wider view on the performance of a group of stocks and track the growth of an industry or a sector.
XSTrades provides exposure on the movement of major stock market indices around the world with competitive pricing and leverage on award-winning trading
How to trade Indices?
Trading CFD indices allows you to speculate on the direction of movement of the underlying index, without actually having physical ownership of any shares. For example, the DAX 40 tracks the 40 largest companies listed on the Frankfurt Stock Exchange. This allows traders to speculate to an entire economy or sector at once, while only having to open a single position and not owning any of the 40 underlying company shares directly. Indices are considered to be highly liquid assets, and with more trading hours than most other markets, you get greater trading opportunities.
Indices Trading Example
The underlying asset is US500
Let us suppose that US500 is trading at: 3750
You decide to buy 1 contract of US500 because you believe that the US economy is strong, and the index will rise in the future.
In our example, the price moves in your favour and the pair rises to 3770 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: