Tradeco Limited, which owns the site and is based in Seychelles, describes itself as “leading the world of online trading”. The company claims to be “developing services and constantly improving” functionality to make trading in the financial markets especially comfortable. Moreover, the firm claims to possess the necessary licenses, but there is no confirmation of this.

Is this project reliable? Does the intermediary provide high-quality services or is it a scam? In this Xlence ‌review, we will take a look at what the broker is hiding.

How to Trade

The company’s clients get access to the “advanced platforms” WebTrader and MT4. Although the broker offers assets such as futures, ‌there is no spot trading or futures contracts here, only CFDs. The working conditions are as follows:

  • 4 types of accounts.
  • More than 300 trading instruments.
  • 6 asset classes.
  • Leverage up to 1:1000.

The intermediary indicates the availability of fixed or floating spreads of 0.4-1.4 pips. However, the minimum deposit amount is not specified in the trading conditions.

We found this company’s offer of bonuses in its social media account – 60% on deposits up to $1,000. However, these funds will have to be worked through thousands of times before you can withdraw them.

Additionally, the user can get a personal manager. Besides, educational courses and an economic calendar are available on this resource.

Xlence Vital Info

The founders of the project do not disclose their names and do not say how long the platform has been working. As for the domain, it was created in 2003, but it was put up for sale until 2024. In addition, all of the brokerage company’s social media accounts also appeared in 2024. Presumably, the project was launched less than a year ago. Therefore, there is no company history here and there cannot be.

Are the financial activities of this organization regulated? This is a complicated question. We checked Tradeco Limited and saw that it is indeed registered in Seychelles. In addition, it appears in the register of the Financial Services Authority (SFSA). Meanwhile, the official website of this firm is t4trade.com, and not xlence.com, which we investigated. We did not manage to find out whether the project owners used the name of a third-party company as a cover or whether Tradeco Limited owns two websites. However, the hero of our review is not trustworthy in this situation.

FAQ

What are the key facts about Xlence?

The broker did not disclose the launch date and the names of the team members. As for Tradeco Limited, which allegedly owns this site, this legal entity most likely has nothing to do with this broker. In addition, the regulator of Seychelles, as well as other offshore zones, is not a reliable financial commission.

What's the risk to my wallet when working with this broker?

This firm does not have any strong licenses, as well as proof of legal entity registration. Therefore, you can safely consider this platform illegal. CFD trading here is a huge risk, which is increased to 100% due to the huge leverage and cryptocurrency payment systems, transactions in which are not subject to chargeback.

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