Score

4.30 /10
Average

Xlence

Seychelles

Within 1 year

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

C

Add brokers

Comparison

Quantity 1

Exposure

Open Account
Website

Score

Regulatory Index3.92

Business Index2.83

Risk Management Index8.22

Software Index4.00

License Index3.92

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Tradeco Limited

Company Abbreviation

Xlence

Platform registered country and region

Seychelles

Company website

X

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-05-02
  • The Seychelles FSA regulation with license number: SD029 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
Xlence · Company summary
Xlence Review Summary
Founded2003
Registered Country/RegionSeychelles
RegulationRegulated by FSA
Market InstrumentsForex, metals, indices, commodities, futures, and shares
Demo Account
Islamic Account
LeverageUp to 1:1000
SpreadFrom 0.18 pips
Trading PlatformMT4 and MT5
Minimum Deposit0
Customer Support24/5 support
Contact form
Facebook, LinkedIn, TikTok, Twitter, YouTube, Instagram
Regional RestrictionsThe USA, Iran, Cuba, Sudan, Syria and North Korea

Xlence is a brokerage firm founded in 2003 and registered in Seychelles, regulated by the FSA. It offers over 300 trading instruments across 6 asset classes, with a maximum leverage of 1:1000 through MT4 and MT5 trading platforms. However, it does not support their physical address and there are many residents who have no access to trade with them.

Xlence's homepage

Pros and Cons

Pros Cons
Regulated by FSARegional restrictions
MT4 and MT5 offeredNo physical address
Many kinds of account typesNo flexible payment methods
Social media presence
No minimum deposit requirement

Is Xlence Legit?

Xlence is offshore regulated by the Seychelles Financial Services Authority(FSA), holding Retail Forex License, with No. SD029. Besides, they provide negative balance protection.

The Seychelles Financial Services Authority (FSA)
Regulatory Status Offshore regulated
Regulated by Seychelles
Licensed Institution Tradeco Limited
Licensed TypeRetail Forex License
Licensed NumberSD029
Offshore regulated by FSA

What Can I Trade on Xlence?

Xlence offers over 300 trading instruments across 6 asset classes including forex, metals, indices, commodities, futures, and shares.

Tradable Instruments Supported
Forex
Commodities
Indices
Shares
Futures
Metals
Cryptocurrencies
Bonds
Options
ETFs
Mutual Funds
What Can I Trade on Xlence?

Account Type

Xlence offers found kinds of accounts, including the Xlence Essential, Xlence Prime, Xlence Deluxe, and Xlence Uitlimate accounts. Besides, they also offer the Islamic accounts without a minimum deposit.

Account TypeXlence EssentialXlence PrimeXlence DeluxeXlence Ultimate
Bonus
Minimum Lot Size0.01
Lot increment
Stop out20%
Swap free/Islamic account
Dedicated Manager
Account comparison

To open an account of Xlence, it is easy and simple. You can enter your personal information to finish the opening procedures.

Register with Xlence

Leverage

Xlence offers the maximum leverage of 1:1000 to their accounts. It should be noted that high leverage such as 1:1000 can lead to significant profits, but it also comes with extremely high risks.

Xlence Fees

Xlence offers different spread across different accounts, products, and currency. Therefore, to learn specific spread, you should look through and learn form their spreads set carefully. Besides, they do not charge the commission.

Account TypeXlence EssentialXlence PrimeXlence DeluxeXlence Ultimate
EUR/USD Spread (Minimum/Average)1.1/1.40.9/1.20.6/0.90.4/0.7
XAU/USD Spread(Minimum/Average)0.23/0.250.18/0.200.18/0.200.18/0.20
Commission

Trading Platform

Xlence supports MT4 and MT5 to trade their instruments. Both MT4 and MT5 offer access to expert advisors for algorithmic trading and trading signals. You can explore the markets via desktop, mobile, or web browser at your convenience.

Trading PlatformSupported Available Devices Suitable for
MT4Web/ Phone/ DesktopBeginners
MT5Web/ Phone/ DesktopExperienced traders
MT4 and MT5

Deposit and Withdrawal

To carry out a deposit or withdrawal, simply log into your account and access the client portal. The main currencies supported for these transactions are AUD, CHF, PLN, RUB, HUF, EUR, GBP, and USD. Deposits are free of charge on our end. However, it's important to note that your bank or payment service provider might impose extra fees.

Deposit and Withdrawal

User Reviews

More

User comment

17

Comments

Write a review

PierreCélestin
0-3months
Au moins, ils ne facturent aucune commission. C'est ce que je me suis dit après avoir examiné les spreads du forex, pour les principales paires. Avec les mises à niveau, la situation s'est nettement améliorée et comme je négociais sur une période quotidienne, ce n'était rien de plus qu'une bonne affaire. La plateforme fonctionne sans glissement et les paiements sont exécutés rapidement. Ce n'est pas un mauvais courtier pour le trading de forex. Aucun doute là-dessus.
Au moins, ils ne facturent aucune commission. C'est ce que je me suis dit après avoir examiné les spreads du forex, pour les principales paires. Avec les mises à niveau, la situation s'est nettement améliorée et comme je négociais sur une période quotidienne, ce n'était rien de plus qu'une bonne affaire. La plateforme fonctionne sans glissement et les paiements sont exécutés rapidement. Ce n'est pas un mauvais courtier pour le trading de forex. Aucun doute là-dessus.
Translate to English
2025-04-28 20:28
Reply
0
0
HassanMouline
0-3months
في البداية، لم يكن الأمر سهلاً، خاصةً بالنسبة لنا - نحن المبتدئين تمامًا... كان لديّ الكثير من الأسئلة، ولكن لحسن الحظ، كان فريق دعم العملاء في Xlence صبورًا وساعدني في كل شيء. لا أستطيع التحدث كثيرًا عن منصتهم وشروط التداول؛ ليس لديّ المعرفة الكافية بعد، ولكن فيما يتعلق بالدعم الذي يقدمونه، فهم وسيط ممتاز :)
في البداية، لم يكن الأمر سهلاً، خاصةً بالنسبة لنا - نحن المبتدئين تمامًا... كان لديّ الكثير من الأسئلة، ولكن لحسن الحظ، كان فريق دعم العملاء في Xlence صبورًا وساعدني في كل شيء. لا أستطيع التحدث كثيرًا عن منصتهم وشروط التداول؛ ليس لديّ المعرفة الكافية بعد، ولكن فيما يتعلق بالدعم الذي يقدمونه، فهم وسيط ممتاز :)
Translate to English
2025-04-20 23:11
Reply
0
0
1