Would you like to trade even more successfully than you do now? Or perhaps you’re just getting into trading and hoping someone will help you navigate this vast area? Xeodis offers its services to both categories of clients. Besides, the broker promised some of the best trading services on the market. Read our review to find out if it’s worth opening an account on this platform.
Xeodis General Information
| Website | https://xeodis.com/ |
| Phone Number | +85224354082 |
| support@xeodis.com | |
| Address | Fomboni, Island of Mohéli, Comoros Union |
| License | MWALI |
| Minimum Deposit | $500 |
| Assets | CFDs, Forex |
| Leverage | 1:400 |
| Trading Platform | WebTrader |
Registration and Client Portal Review
The first thing a trader should pay attention to is the official website. Xeodis prefers a dark color scheme. To somewhat dilute the gray and dark blue colors, they decided to make the logo a bright green. The main menu is located on the top panel by default. There, traders can choose familiar sections such as trading, markets, news, and tools, as well as learn about information about the company in the “About Us” section. A section for quick access to a client’s account is slightly presented to the right.
On the homepage, there is a brief mention of the company, a summary of trading conditions, and a widget for contacting support via an online chat. At the bottom of the page, you can find legal information about the company as well as links to certain documents.
You can register for the platform by filling in a form with your personal information. Since the broker has a license, it follows a comprehensive registration process, which immediately requires you to provide a lot of personal information. In particular, if you want to trade on Xeodis, you must immediately provide your first and last name, contact details, including a phone number and an email address, and, of course, create a password.
The broker will also ask you for your date of birth and residential address. Before you fill out the questionnaire and agree to all the terms and conditions, you should read the client agreement and any other documents that Xeodis provides for review. After you complete registration, you might need to confirm your contact details via email or SMS.
The client portal is designed in the same style as the official website. Here, you will find standard functions for managing your account and trading activity, as well as access to the trading platform. If needed, you can also set up a 2FA here. In the future, if you wish, you could change your profile settings here as well.
Trading Conditions
The next important step is to study the broker’s trading conditions. Do not start cooperating with anyone until you are sure everything suits your needs completely. Let’s see what Xeodis has to offer.
Account Types Review
So, the broker has chosen a system of dividing accounts into trading accounts. This means that you will have the opportunity to pick up an offer that suits your financial goals. There are a total of six of them. By the way, it is worth noting one inconvenient thing: viewing account types is organized as sliders. Therefore, you will need to wait for them all to scroll through. And you can not stop this process, so try to keep up with what is written in the descriptions.
Minimum deposits on the platform range from $500 to $1 million, with the latter being the VIP account. Its conditions are quite exclusive but are also not described. To learn more about the nuances of these accounts, you should contact a manager and inquire about all the questions you have.
In general, other accounts do not differ from each other too much. The broker promises to not charge extra commissions and allows one-click trading. It also provides free education and access to market updates, apparently in the form of analytics on the website.
You can also familiarize yourself with the contract expiration section. Spreads are flexible and depend not only on market conditions but also on the asset being traded. The leverage can reach up to 1:400, and Xeodis offers a wide variety of trading instruments, including currency pairs, cryptocurrencies, stocks, indices, and metals.
Trading Platform
The trading platform can be accessed from the Client Portal. This is a universal solution — a web-based terminal that functions on mobile devices as well. If you prefer to trade on the go, this feature could prove useful. Alternatively, the platform offers a one-click trade option to assist you in your trading. Stop orders are available to protect profits or prevent losses, and there are graphical and technical indicators, including trend indicators and oscillators. You can tailor the time frames in the platform to suit your preference, and customize the chart displays.
Xeodis — Deposit and Withdrawal of Funds
The broker offers several methods for depositing and withdrawing funds. Of course, primarily, these are bank transfers, which Xeodis also accepts. These transfers are not subject to commission from the broker, but there may be additional fees from the system. However, note that transfers always take a long time and usually take about 3-5 days. Bank cards can help speed up the process of depositing and cashing out money.
Regarding other payment methods such as electronic payment systems or cryptocurrencies, you should consult company representatives for advice. They can help you select a specific method that suits your needs. Also, remember that no bonuses or credit funds can simply be withdrawn from your account.
Verification
Xeodis, as a licensed broker that adheres to KYC and AML regulations, requires all of its clients to go through verification. Therefore, you will also need to do this process. This is quite standard here as on many other trading platforms. You will need to provide certain documents. Specifically, something that proves your identity. Brokers typically require a passport or driving license in such cases. The next step is to confirm your address. To do so, you will need to submit several proofs. For instance, a bank statement or utility bill would suffice.
Obviously, document verification will take some time. Once it is complete, Xeodis’ staff will contact you to advise whether everything went well or if you need to supply additional information. After successful verification, you will have access to all the features on the trading platform.
We understand that some traders are hesitant to share sensitive information and find KYC excessive. However, believe us, all this is done solely for your safety and to facilitate the regulatory process, which will ultimately work in your favor.
Additional Options
We have already mentioned that Xeodis offers education in all types of accounts. Unfortunately, detailed information about the structure of these programs is not available on the official website. In addition, the broker offers access to analytical tools. Interestingly, there is a section with market news and economic calendar directly on the menu. This is covered in a separate tab, so you can always stay up to date with market news if needed.
Is Xeodis a Scam?
Indeed, the success of your trading experience largely depends on which broker you choose. Therefore, you should always conduct your own research and choose the best option for you.
Legal Information and License
In the industry, along with transparent and reliable brokers, scams continue to flourish. We are talking about little-known, anonymous, and fake websites that merely pretend to be trading platforms. If these “passengers” do not provide any legal information about themselves, it is better not to take them on your journey. However, this does not apply to Xeodis. You can view all available information on their website.
The broker is registered on the Comoros Islands and has a valid license number from the MWALI regulatory body, which is listed in their registry. As shown in the image below, the license is active, meaning it is valid. This means Xeodis provides its services in compliance with regulatory standards.
Contacts Review
For communication, there are quite a few options available. As we mentioned earlier, you can use the live chat feature on the website. Most newbies usually choose this option. You will also have access to a phone number, and, of course, an email address. If live chat is best for answering small, quick questions, email can be used if the problem is more complex and requires a detailed explanation.
Pros and Cons
- The broker has an official registration.
- Valid license.
- The trading conditions suit all types of traders.
- Wide range of assets
- No hidden fees.
- The demo account is not available.
We have described the main pros and cons of this broker for you. As you can see, there are more benefits than drawbacks. This makes it a good choice as a trading partner. In particular, they offer excellent trading conditions for beginners and experienced traders alike.
Frequently Asked Questions (FAQ)
The broker offers Forex and CFD trading on various assets, including currencies and cryptocurrencies, stocks, indices, and much more instruments from stock and other markets. It also has several additional services, including education.
According to the trading conditions provided on the website, you will need to fund the Beginner account with at least $500. This is the amount required to start trading, allowing you to make deals on most instruments.
The broker is officially registered and has obtained a license for its operations. You can verify this independently by visiting the MWALI registry. Therefore, the fact that the company is regulated undoubtedly adds an extra level of reliability.
Hi everyone
Thanks for the quite informative review. I’m still hesitant about opening an account with Xeodis. This would be my first broker, and I really don’t want to make a mistake. To my shame, I don’t really know the trading terms properly. But I hope it’s a minor issue that can be quickly resolved. Please share your experience. Has anyone worked there? How was it for you? Are there any pitfalls or is everything fine?