Xlence Review by Expert: Is It a Fraud or Safe Broker?

In this review, we will examine what Xlence is hiding and try to determine whether this broker is a scam or genuinely provides high-quality services. We will answer the questions that any trader might have before investing their money: what risks are involved, how honest the company is, and whether it is safe for investors.

Highlights

First Impression of Xlence.com

Let’s start our detailed review with the official website. It follows the typical style of brokerage firms: a top menu with the main sections (about the broker, contacts, platform, account types, and others), a language switcher, login and registration buttons, a homepage with a dull and generic list of advantages, and legal information with a risk warning in the footer.

The color scheme of Xlence is absolutely awful: gold accents on a dark background look cheap and unattractive. Everything appears like a mix of pre-made solutions from low-quality website templates rather than something professional. There is an overwhelming amount of content, yet it feels empty. The text is there, but it provides no useful information. For example, the homepage is filled with flashy phrases like “We help you achieve your financial goals”, but there’s nothing concrete about the company itself.

In short, there’s nothing positive to say about the official website. Oh, and one more thing — when you enter the site, the company warns that it does not serve traders from Europe. Fine, but then why does the website support languages like French, Italian, Portuguese, and German? What kind of contradiction is this? So does Xlence actually offer services to European residents or not?

Partnership and Bonuses

It’s no surprise that a company like this offers bonuses to its clients. However, why is there no bonus policy on the website or a detailed explanation of how these bonuses work? On Instagram, we found that Xlence offers a 60% bonus on deposits up to $1,000 and 40% on amounts over $1,000. Don’t think of this as free money — it’s not. Such generous offers always come with unfavorable conditions for clients. These bonus funds will have to be traded thousands of times before they can be withdrawn.

Xlence also says nothing about a partnership program, which is quite strange because an affiliate program is a fundamental part of any brokerage firm — it’s how they attract new clients.

Account Opening on Xlence.com

The registration process on the Xlence website is fairly standard. First, you land on the registration page, where you are asked to fill in basic information: first name, last name, phone number, email, and password.

Now, let’s look at what happens after registration. The personal account on Xlence is a rather basic page that looks like a generic template. On the left side of the dashboard, there is a menu with sections: Dashboard (homepage), Accounts, Financials, Partners, Profile, and Tools. Everything looks quite simplistic, without any unnecessary embellishments or unique features.

It turns out that there is an affiliate program here. Inside the personal account, users can even apply for an IB (Introducing Broker) partnership. It’s also worth noting that Xlence offers a demo account, which can be considered a small advantage.

On the main page of the personal account (Dashboard), users can see wallets in different currencies and cryptocurrencies, such as BTC, EUR, USD, and GBP. For some reason, there is a repeated reminder that Xlence does not serve clients from certain countries (such as the U.S., Iran, and North Korea). The menu on the right suggests completing a few steps to start trading: filling out the profile, opening a trading account, and depositing funds. This is a standard procedure for most platforms, but the page itself is not particularly intuitive or visually appealing.

Verification

The verification process on the Xlence website requires you to provide several personal details. After registration, you must complete your profile by entering your personal information, address, financial data, and trading experience. To verify your identity, you need to upload a copy of your passport, driver’s license, or national ID card. Additionally, you must provide proof of address, such as a utility bill or a bank statement issued within the last six months.

However, there are several drawbacks to note. First, there is no dedicated page with AML & KYC policies on the website, which is crucial for understanding how Xlence handles your data and protects your funds. Second, the website does not specify how long the document verification process takes, raising additional concerns. How much time is needed to complete verification? This remains unclear.

Trading Software

As for the trading platform, Xlence offers MetaTrader 4. There’s no need to describe it in detail, as it is the most widely used forex trading software. There are plenty of tutorials and guides available online explaining how to use it and what features it offers. MetaTrader 4 is available in all versions: WebTrader, desktop, and mobile.

How Can I Trade With Xlence?

The company provides access to a wide range of assets, including forex, metals, indices, futures, and more. However, it’s important to clarify that real futures are not available. Most likely, the broker refers to commodities and raw materials under the “futures” category. There are no futures contracts or spot trading here — only CFDs.

All Info About Accounts

Xlence offers several tariff plans: Essential, Prime, Deluxe, and Ultimate. Each of these plans includes basic conditions, such as flexible leverage of up to 1:1000. All accounts provide access to bonuses and the option to use an Islamic account.

The website states that there are no commissions, but no specific details are provided, which may cause misunderstandings among users looking for precise information. Moreover, the absence of commissions raises doubts about how the firm generates revenue. Xlence is clearly interested in clients losing money, as all their losses go directly into the platform’s pocket. This is a classic dealing desk business model, which allows the company to operate without charging commissions.

The broker charges a commission of up to $10 only for forex futures, indices, and commodities. However, how can there be futures if all the assets are CFDs? Yet another attempt to mislead users?

Market Analysis and Education With Xlence.com

The firm offers personal account manager assistance, but only for the second tariff plan and above. However, it is unclear what kind of assistance they actually provide. Xlence also maintains social media accounts, but they mainly contain company news, promotional offers, or short tutorials. There is no advanced or valuable analysis, nor any interesting or unique offers. Oh, and there’s also an economic calendar and news section, but these are basic features found at any brokerage.

Deposit, Withdrawal, and Fees

Xlence allows deposits and withdrawals through major payment methods:

• Crypto (BTC or USDT).
• Credit/debit cards.
• Bank wire transfers.

At the same time, no fees are charged for transactions, but processing times are not specified. To withdraw funds, a successfully verified account is required.

How Can I Contact It?

The contact information situation is terrible. Xlence simply provides nothing. There is a dedicated “Contacts” section on the official website, but it is empty — just a feedback form. No email, no phone number. Live chat is available only for registered users. There are also social media accounts where users can try asking the broker’s representatives questions, but this is neither convenient nor effective.

Is Xlence Dangerous?

So far, it has been unclear whether this is a scam or not. We have found both pros and cons of the broker. Now it is time to examine the key aspects of the company’s operations: its years in business, licenses, and legal address.

How Long Does The Broker Work?

It is very important to choose a company that has been in the market for a long time and has built a positive reputation. However, this does not apply to Xlence. There are very few reviews about the firm, and all of them are recent. Although the broker’s domain was registered in 2003, its last update was in 2024. Considering that the company’s social media accounts were also created in 2024, it is safe to conclude that the platform launched very recently. So, there is no solid experience or long-term operational history here.

How Is Xlence Regulated?

In the footer, the legal entity Tradeco Limited is mentioned — an offshore organization registered in the Seychelles. We checked the FSA financial commission registry, and indeed, such a firm exists.

However, the most interesting part is that another website, t4trade.com, is listed instead of xlence.com. What does this mean? Does the subject of our review have any actual connection to Tradeco Limited? It seems that scammers simply used another company’s name as a cover. Although the official T4Trade website looks very similar in design and structure to Xlence, it raises the question — does Tradeco Limited operate multiple identical websites? Either way, these are all red flags that make trusting such platforms extremely risky.

Kevin Berry

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Expert Opinion

Do not believe scammers’ promises about security. This is a typical offshore brokerage that does not hold any serious licenses and has no intention of obtaining them. Xlence only pretends to be a reliable broker while resorting to ordering fake positive reviews to artificially improve its reputation. There is absolutely no reason to engage with such platforms.