Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Xlence Pros & Cons
- Wide range of trading instruments.
- Leverage up to 1:1,000.
- Access to MetaTrader 4 trading platform.
- Easy account opening and broad availability across many countries.
- Trading conditions suited for traders of all experience levels.
- Fast order execution.
- 24/5 multilingual support.
- Limited client protection due to lenient licensing requirements.
- No compensation in case of broker bankruptcy.
Xlence is a Seychelles-registered broker providing access to Forex and CFD trading on over-the-counter markets. Catering to both novice and experienced traders, Xlence offers a range of account types to suit diverse needs. Clients can trade over 300 instruments, including currency pairs, metals, indices, commodities, and stocks. The broker's MetaTrader 4 platform is compatible with multiple devices, ensuring convenient market access. Xlence's services are unavailable in certain jurisdictions, including the United States, Syria, Iran, North Korea, Cuba, and Sudan.
TU Expert Verdict
Xlence carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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Xlence User Reviews
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5-star
11%
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4-star
23%
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3-star
54%
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2-star
7%
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1-star
5%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of Xlence have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- No inactivity fee
- No deposit fee
- No withdrawal fee
- No ECN/Raw Spread account
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Xlence with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Xlence’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Xlence Standard spreads Xlence OANDA FOREX.com EUR/USD min, pips 0.4 0.1 0.7 EUR/USD max, pips 1.4 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 1.5 0.5 1.4 Does Xlence support RAW/ECN accounts?
As we discovered, Xlence does not offer RAW/ECN accounts, which might be a drawback for transparency and liquidity. However, this doesn't make the broker uncompetitive. Consider factors like spread levels, execution speed, regulation, support quality, and trading tools when choosing a reliable broker.
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Xlence. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Xlence Non-Trading Fees Xlence OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is Xlence Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria3.7 /10Xlence has a safety score of 3.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
Xlence Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
FSA (Seychelles) Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 Xlence Security Factors Foundation date - Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.6.1 /10Xlence offers the following account options: Demo, Standard.
However, Xlence does not provide a Standard account, which can be a drawback for traders who prefer classic spread-based pricing models.
- Low minimum deposit
- Standard account with balanced trading conditions
- Demo account
- No ECN/Raw spread account
- No VIP account option
Xlence account types vs top competitors Xlence Trading.com Plus500 Standard YesYesYesECN/Raw spread NoNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoXlence accounts trading conditions
Xlence offers four live accounts, tailored to different experience levels and trader needs. Each account provides specific benefits and unique conditions, including minimum spreads and additional services.
Account types:
Account Type Description Essential The account is suitable for beginner traders looking to start with basic conditions. The minimum spread for the EUR/USD pair is 1.1 pips. Prime The account is designed for intermediate traders seeking improved trading conditions. The minimum spread for EUR/USD is 0.9 pips. A dedicated manager is also provided for personalized support. Deluxe The account is ideal for experienced traders seeking more favorable conditions. The minimum spread for EUR/USD is 0.6 pips. Includes a dedicated manager and access to advanced analytical materials. Ultimate The account is intended for professional traders requiring the best conditions. The minimum spread for EUR/USD is 0.4 pips. Includes dedicated manager services and access to exclusive trading tools. -
Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5 /10Xlence received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Xlence provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No deposit fee
- Minimum deposit below industry average
- Bitcoin (BTC) accepted
- BTC not available as a base account currency
- No bank card option
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Xlence deposit and withdrawal options?
Xlence provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Wire, BTC, USDT, Ethereum.
Xlence Deposit and Withdrawal Methods vs Competitors Xlence Trading.com Plus500 Bank Wire YesYesYesBank card NoYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are Xlence base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. Xlence supports the following base account currencies: USD, EUR, GBP.
What are Xlence's minimum deposit and withdrawal amounts?
The minimum deposit on Xlence is $50, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Xlence’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria5.5 /10Xlence offers a limited selection of trading assets compared to the market average. The platform supports 300 assets in total, including 80 Forex pairs.
- Commodity futures are available
- Indices trading
- 80 supported currency pairs
- Crypto trading not available
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by Xlence with its competitors, making it easier for you to find the perfect fit.
Xlence Trading.com Plus500 Currency pairs 80 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 300 69 2800 Stocks NoNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products Xlence offers for beginner traders and investors who prefer not to engage in active trading.
Xlence Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at Xlence by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with Xlence in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at Xlence is $50. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
Xlence account opening Xlence Trading.com Plus500 Online Registration YesYesYesMinimum deposit $50 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is Xlence available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Opening a trading account with Xlence follows a straightforward process:
- Register. Go to the official Xlence website and click the "Open Account" button. A registration form will appear, where you’ll need to provide personal details such as name, email address, and phone number.
- Select account type. After registration, you’ll be prompted to choose a live account type that fits your needs and experience level.
- Sett account parameters. At this stage, select the currency for your account and choose the maximum leverage size.
- Pass identity verification. To comply with KYC (Know Your Customer) requirements, you’ll need to upload scans of identity documents, such as a passport or driver’s license. The broker will also require proof of residence, like a utility bill.
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Customer Support
Score:We evaluated Customer Support at Xlence by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.2 /10Customer support at Xlence is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. Xlence provides basic support functionality but does not stand out in overall service performance.
InformationThe company is available to traders 24/5. Support is multilingual, but the range of contact channels is significantly limited compared to competitors.
- 24/5 support
- Support is available in 30 languages
- Limited contact channels
- No phone support is available
Xlence’s client support is available via:
Contacts Registration address F20, 1st Floor, Eden Plaza, Eden Island, Seychelles Regulation Financial Services Authority Seychelles (FSA) Licence number:
SD029Official site https://www.xlence.com/en/ Contacts support@xlence.com
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FAQs
How is Xlence regulated and what does its safety score indicate?
Xlence is regulated by the Financial Services Authority of Seychelles (FSA), which is classified as a Tier-3 regulator and does not provide a specific investor compensation fund. The broker has a safety score of 3.7/10, described as a low security level, and offers negative balance protection and mandatory KYC, while its market track record is less than 8 years and the exact foundation date is not specified in the review.
What types of trading accounts does Xlence offer and how do their conditions differ?
According to the review, Xlence provides Demo and Standard accounts, along with four live account tiers: Essential, Prime, Deluxe, and Ultimate. These live accounts differ mainly in minimum EUR/USD spreads (from 1.1 to 0.4 pips) and access to services such as dedicated managers and advanced or exclusive analytical tools, while options like ECN, Cent, Micro, Swap-free, VIP, and managed accounts are not available.
What do user reviews say about Xlence overall?
Xlence has a user satisfaction score of 6.4/10 based on 54 reviews, with most ratings clustered around 3 and 4 stars and a smaller share of very positive or very negative scores. Based on available user reviews, the overall impression is mixed rather than strongly positive or negative.
Which markets and instruments can be traded with Xlence?
The review states that Xlence offers 300 tradable assets in total, including 80 currency pairs, stock indices, and commodity futures. It also notes that stocks, cryptocurrencies, options, bonds, ETFs, copy trading, PAMM investing, and managed accounts are not available.
What does user feedback say about opening a trading account with Xlence?
The review describes the Xlence account opening process as fully online, with registration taking about 7 minutes and KYC verification typically completed within 1 business day. It highlights a $50 minimum deposit and notes that, while the procedure is relatively quick and accessible, the setup steps may feel less convenient for beginners.
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