Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators

Score

0 1 2 3 4 5 6 7 8 9
.
0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10

Xlence

Seychelles | Within 1 year |
Regulated in Seychelles | Retail Forex License | Suspicious Scope of Business | Medium potential risk | Offshore Regulated

https://www.xlence.com/en

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Germany 3.14
Surpassed 43.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

https://www.xlence.com/en
365, Agiou Andreou, Efstathiou Court, 2nd Floor, Flat 201, 3035 Limassol, Cyprus
https://www.facebook.com/xlenceglobal/
https://x.com/XlenceGlobal

Licenses

Licensed Entity:Tradeco Limited

License No. SD029

VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

WikiFX Risk Alerts
2025-04-30
  • The Seychelles FSA regulation with license number: SD029 is an offshore regulation. Please be aware of the risk!
2

Basic Information

Registered Region
Seychelles
Operating Period
Within 1 year
Company Name
Tradeco Limited
Abbreviation
Xlence
Company employee
--
Company address
365, Agiou Andreou, Efstathiou Court, 2nd Floor, Flat 201, 3035 Limassol, Cyprus
Keywords 6
Within 1 year
Regulated in Seychelles
Retail Forex License
Suspicious Scope of Business
Medium potential risk
Offshore Regulated

GhaziMoghadam

Saudi Arabia

There are very few payment methods here, and I only trade stocks during the quarterly reporting period, so I need to withdraw. Complete the transaction from time to time, and then deposit later. But there is no suitable method here. But when it comes to payments, there are very few and inconvenient payment methods.

Exposure

03-09

Mohammed AlSaud

Saudi Arabia

My experience was mostly positive, and I praised this platform for its good trading features, including reasonable fees, competitive spreads, and accurate trade execution. One of the drawbacks I encountered while using this platform was the lack of educational content and market analysis. I believe it would be beneficial to add online seminars and topics on trading tools to improve its content.

Neutral

In a week

Eugène Seguin

France

For currency trading, there is no better platform than mt4 (debatable), but if you are like me and like to try your hand at certain stocks or commodities, Mt5 would be a better choice in my opinion, so xlence, please add it as well.

Neutral

04-16

PierreCélestin

France

At least they don't charge any commission. That's what I thought after examining the forex spreads for the major pairs. With the upgrades, the situation has significantly improved and since I was trading on a daily basis, it was nothing more than a good deal. The platform operates without slippage and payments are executed quickly. It's not a bad broker for forex trading. No doubt about it.

Positive

Two days ago

HassanMouline

Morocco

In the beginning, it wasn't easy, especially for us - complete beginners... I had a lot of questions, but luckily, the customer support team at Xlence was patient and helped me with everything. I can't talk much about their platform and trading terms; I don't have enough knowledge yet, but when it comes to the support they provide, they are an excellent broker :)

Positive

04-20

FX3495313127

Qatar

I have been trading on the Xlence Essential trading account for a while. The account offers normal spreads starting from 1.4 pips, which can't be considered tight or wide. That's okay, what I mean is that when I trade the EUR/USD pair, I don't incur a lot of trading costs thanks to these spreads. The platform is good and works smoothly. The support team is always ready to assist me.

Positive

04-18

h. moreau

France

This broker attracted my attention by their trading conditions and the diversity of accounts. Honestly, I didn’t expect that the threshold of minimum deposit would be so high there. It turned out that I needed to upgrade my essential status to the deluxe level by depositing more than 10,000$. At least, the conditions are worth it, narrow spreads and zero commissions.

Positive

04-15

HakimLarbi

Algeria

When I took a look at the trading conditions for index futures contracts, I thought it was time to add something new to my strategy. Fortunately, all my analyses work for these assets, as it turned out even better. Of course, it's a good thing on their part not to charge swap fees on the assets, traders have different styles, I think brokers should respect that, Xlence did.

Positive

03-20

ErikVogel

Germany

The tight spreads and 0 commissions on deposit and withdrawals makes it really cost effective to trade here. Well they are other reasons like the minimum deposit which isn’t high and also no hidden fees, it’s just a cool platform

Positive

03-20

JamesW238

United Kingdom

Xlence offers a great opportunity to start trading with an investment as low as $10. That’s the minimum deposit requirement for the essential account type, which is best for beginners to gain practical XP without risking too much money. For all the rest, they have a great selection of more advanced account types.

Positive

03-05

FX4435249602

United Arab Emirates

The diversity of accounts here is very large, but I am frustrated by the lack of clarity regarding their specific terms. I don't understand why they can't explicitly state the required amount for depositing to open advanced accounts. Anyway, I am currently trading on the Xlence Essential account and I love how everything is working perfectly so far. However, once again, the problem is the lack of clarity regarding the terms.

Positive

03-05

Mohamed Hassan

Egypt

When I saw the amount of information available for learning, I was amazed! I think I need patience and practice to be able to achieve the results I want. I will study all the lessons, and I think it's best to follow them in English, as it is the global language in trading 😅. Overall, the conditions they offer are very good for trading, and they seem to be a strong broker in this field.

Positive

03-01

FerrandLavoie

France

With the recent market turbulence, I finally decided to stop procrastinating and open a real trading account. The process was simple with xlence, I just used my credit card to do it, without any limitations on their part regarding minimum deposit requirements. The platform was nice, but guess what? I couldn't find any crypto there, so I had nothing to do, I switched to stocks and indices.

Positive

02-28

13
Account
Biz Area
Website
Genealogy
Relevant Enterprises
Employees
Company Summary
Comment

Users who viewed Xlence also viewed..

XM

9.03
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
XM
XM
Score
9.03
  • 10-15 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

VT Markets

8.52
Score
5-10 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
VT Markets
VT Markets
Score
8.52
  • 5-10 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

Vantage

8.66
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
Vantage
Vantage
Score
8.66
  • 10-15 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

EC Markets

9.12
Score
10-15 yearsRegulated in AustraliaMarket Maker (MM)MT4 Full License
EC Markets
EC Markets
Score
9.12
  • 10-15 years |
  • Regulated in Australia |
  • Market Maker (MM) |
  • MT4 Full License
Official website

Website

  • xlence.com

    Server Location

    United States

    Website Domain Name

    xlence.com

    Server IP

    45.60.195.253

Genealogy

vip VIP is not activated.
Please visit the WikiFX App to be our VIP.
Open Now

Relevant Enterprises

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

Keywords

  • Within 1 year
  • Regulated in Seychelles
  • Retail Forex License
  • Suspicious Scope of Business
  • Medium potential risk
  • Offshore Regulated

Comment 13

All (13) Latest Positive (10) Neutral (2) Exposure (1)
Scroll down to view more
Write a comment
Positive
Neutral
Exposure

Content you want to comment

Please enter...

Submit now
Write a comment
13
TOP

Chrome

Chrome extension

Global Forex Broker Regulatory Inquiry

Browse the forex broker websites and identify the legit and fraud brokers accurately

Install Now

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com