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 Metals with XSTrades
Trading metals CFDs (“contracts for difference”) is one of the most common ways to diversify your portfolio and/or hedge risks. Gold, silver, copper, platinum and palladium have been considered as highly valuable and sought after. Their high value comes as a result of their rarity. They are expensive and difficult to mine. Metal 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 trade metals, energy and soft commodities with market-leading spreads.
How does Metals trading work?
Metals are offered in spot market and their value is determined by demand and supply factors. Supply features related to extraction expenses in the case of precious metals are key on where the price will go.
XSTrades offers you the possibility to invest in a commodity, such as gold without having to physically own the metal. Metals and more specifically Gold demand in general is impacted by broader factors such as global economic outlook, financial cycles, population increase, inflation and even wars. Metals trade against major FX currencies.
Metals Trading Example
The underlying asset is XAU/USD
Let us suppose that XAU/USD is trading at: 1830.50
You decide to buy 100 oz XAUUSDD (this is equivalent to 1 lot) because you believe that the pair will rise in the future.
In our example, the price moves in your favour and the pair rises to 1831.00. 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: