The operator of the site is Tradeco Limited, a company registered in Seychelles and owning the brand “Xlence”. The broker claims to be licensed by financial regulators, but there is no confirmation of this. As for the domain, it was registered in 2003. However, the site was updated in November 2024. Please note that the broker hides contact details and addresses.

How safe is it to trade on this platform? Can you entrust your funds to this forex broker? We will analyze the functionality and legal documents of this company and share our conclusions with you.

Trading Conditions

The brokerage firm offers clients access to CFD trading on the OTC markets on the MT4 platform. Xlence clients have access to more than 300 trading instruments, including commodities and stocks. Trading conditions are as follows:

4 account types.
6 asset classes.
Leverage up to 1:1000.
Spreads from 1.4 to 0.4 pips.

The minimum deposit size is not specified on xlence.com. Withdrawal is possible via cryptocurrency (BTC or USDT), bank cards, and transfers. Information about the minimum withdrawal amount and terms is not specified on the site.

The broker claims that there are no commissions and fees on the site, except for $10 per lot applied to futures. However, if all assets are CFDs, there can be no futures and this is just a ruse.

All Xlence clients, except for the underlying account holders, get a personal account manager. In addition, the broker maintains accounts on 6 social networks.

FAQ

Would investing in Xlence offer the best returns?

It is unlikely that you will make a profit in high-risk CFD trading. Rather, working with this company, which operates on a conflict of interest business model, will inevitably lead you to financial losses.

Does Xlence carry out withdrawals?

It is unlikely that you will even be able to get back your invested funds. Many clients failed to do so, which they write about in the comments, so they are not going to continue trading here. Write a review about your experience.

May I be scammed on xlence.com?

This is an unreliable company. First, the information about the license is probably false, as a different domain is listed in the Seychelles registry. Secondly, the resource is completely anonymous and has all the signs of a fraudulent project. Since there is no legal information, you will not be able to count on judicial protection in case of violation of your rights.

What's the best way to share my experience with Xlence?

Fill out the form and we'll make sure your voice is heard.

How can I tell if this is a fraudulent company?

Do your own research and never believe those who promise you easy money.

Criteria

Jurisdiction: Offshore

License: other

Leverage: 1:1000

Broker type: DD

Demo account: No

Affiliate program: Not indicated

Trading platform: MetaTrader 4, WebTrader

Assets: Forex, CFD

11 reviews about Xlence

Carolyn T.
March 13
I lost all my money here
I lost all my accumulated money with XLENCE. These scammers cleverly convinced me that their platform was the most convenient and profitable and that they would help me become a financially successful person. They even gave several examples of successful traders on their platform, who earned from 10 thousand to 1 million dollars in a year, allegedly one of them bought a huge house, the other achieved a stable profit of 2-3 thousand dollars a month when trading 1-2 hours a day. In general, the crooks very cleverly deceived me. I invested here 25,000 dollars that I had accumulated over a year. They were in bitcoins, so I used BTC to transfer them to this fraudulent account. After that, XLENCE representatives cut off communication with me, stopped answering my calls and ignored my messages!!! Since then I have been unable to contact the scammers or withdraw my money. I feel as devastated as possible. I don't want anything. It's like losing a whole year of your life.
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Nancy L.
March 4
I did not like trading here
Trading conditions are bad. The terminal works with delays. There are slippages and requotes when opening a deal. Order execution leaves much to be desired. The support service works slowly. The company withdraws clients' money with delays, not according to its own rules.
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Lee Clayton
February 26
Scam Fest
Hi everyone, Would you like to hear the story of how crooks tried to scam me on this site? The funny thing is that I love trading, always looking for new opportunities, but here... This is something unbelievable! On the first day I encountered technical problems, execution delays and other obscenities. And when I tried to withdraw my money back, 320 euros, it was like it dissolved in a vacuum! What kind of carnival is this? Never again will I trade on offshore cesspits with dubious licenses!
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Merrill
February 24
Unstable platform
I registered here at the beginning of the month. I don't know what I fell for, but one can only dream about good trading in this company. Slow, unstable execution, as well as a lot of requotes and distortion of quotes. This is all that Xlence has to offer.
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Jango
February 22
Blatant Fraud!!!
Yesterday I transferred $2,000 to my Xlence account. And that's it, I lost contact with them. Believe me guys, it's not very funny when you get robbed. It turns out that xlence.com is an outright scam: I gave them the money and the fraudsters didn't tell me “thank you” or “goodbye”! Scoundrels!!! I've never seen anything like this before, even in trader reviews.
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Edward Lewis
February 21
The intermediary cheats traders
I'm just wondering if this broker keeps track of the market situation? I've only been trading for a couple of weeks and I noticed that I can't make a profit at all, no matter how hard I try. However, as it turned out, the quotes on this terminal are radically different from the quotes on the real market. They are simply taken from the back of the minds of the managers of this fraudulent firm.
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Mr. Smith
February 19
You can trade here for a profit!
I prefer to trade on my own, although you can create your own investment portfolio on this platform. However, I believe that investing in traditional assets is not very efficient in the current environment. That's why I work with futures on xlence.com, and it brings me a good income. Of course, the company's specialists can help you to create an investment portfolio that will bring returns above inflation. I, on the other hand, prefer to trade on my own. I have my own strategy, and Xlence provides all the necessary tools for successful trading. As for the withdrawal of money, everything is good, no problems. There have never been any delays or refusals to fulfill requests related to this issue. Managers do not impose their services on you and do not distract you from trading, which is also an advantage of the broker. I would note that I would like to see more futures tutorials for beginners to make it easier to get started with Xlence. Overall, I am satisfied with this company and will continue to trade futures here.
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C. Edwards
February 18
This is offensive to the point of tears!
In my case, the managers did not require additional replenishment of my account because I immediately invested 10k euros. I expected to earn well and make big deals, but the scammers from XLENCE didn't give me a single chance!! They just blocked my account after I topped it up. These scammers didn't even make a show about “honest broker”, they immediately sent my money into their pockets and that's the end of all my illusions. Where do such swindlers come from? They discourage you from trading. Now I'm afraid to even think about trading. What if I run into scammers again?!
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Shan864
February 17
I have been waiting for a withdrawal for two weeks now
The support staff first responded that the delays were due to technical problems, and now they have stopped responding altogether. I hope that you understand that this is a scam, as they do not even let me withdraw even $100.
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Kim Parker
February 14
Tempting promises of scammers
“No delays in order execution, the most accurate quotes, 24/5 technical support” and the like says broker XLENCE, but does not fulfill anything of what it promises. I'm sure this site was created just to transfer customer deposits into the pockets of crooks, and they don't let you make money. I don't know what I was thinking when I contacted these scammers :( After all, you could have guessed right away that this is a scam. Since no serious broker offers such a high leverage - 1:1000. Greed failed me... I wanted to make a quick buck but was left with a hole in my pocket and the scammers enriched themselves by €2,000 at my expense.
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Nicole Carter
February 7
I will say a few good words about this broker
I have been working with this broker since my first day in the forex market. I chose xlence on the recommendation of a colleague. I have never regretted it! I started by studying training materials, continued working on a demo account and now I have opened a full-fledged trading account at xlence.com. I spend several hours a day trading on the Forex market, combining it with my main job. I started cooperating with this project a long time ago, back in the pandemic, when I had a lot more free time, which allowed me to start trading much more actively, and xlence helped me in this. The company works as transparently as possible, without any pitfalls or creating unnecessary problems for traders. Everything that the firm promises - it fulfills clearly. Meanwhile, there are no pitfalls when trading at xlence.com - the terms are honest here, the commissions are transparent, and there are no hidden fees. This is especially cool because you see what you're paying for and don't have to worry about any additional costs later. This platform is suitable for absolutely everyone, both beginners and experienced traders. In addition, the main advantage for me is a stable profit withdrawal. Depending on the payment system, the process takes from 2-3 hours to 3 days. I have no particular complaints about trading with xlence.com, although sometimes there are delays and slippages. However, in general, the platform works stably, there are no moments when it seems to you that the broker intentionally manipulates quotes.
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