According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- WebTrader
- Xcite
- FSA
Our Evaluation of XLN Trade
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
XLN Trade is a broker with higher-than-average risk and the TU Overall Score of 4.8 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by XLN Trade clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
XLN Trade offers fixed spreads and instant execution for all assets. It has a standard STP account type for classic trading and doesn’t support the ECN technology.
Brief Look at XLN Trade
XLN Trade, an STP broker, has been providing access to financial markets since 2016. Clients can trade currency pairs,cryptocurrencies, and a variety of CFDs. To enhance their purchasing power, traders can use leverage. The broker is headquartered in Seychelles and is regulated by the Financial Services Authority (FSA).
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- Wide range of assets;
- High leverage;
- Multiple deposit and withdrawal methods;
- A regulatory license;
- 24/7 technical support;
- Useful tools;
- The broker’s mobile platform supports automated trading.
- Popular trading and copy trading platforms are not available.
- The initial deposit is $200 without a possibility to test the broker’s conditions on a demo account.
- The broker doesn’t offer free or paid education.
TU Expert Advice
Financial expert and analyst at Traders Union
While XLN Trade doesn't offer a traditional demo account, it occasionally provides new clients with protected positions, allowing them to practice trading Forex or test platform conditions with limited risk. The platform offers a single account type for all traders, regardless of experience or capital. This may limit flexibility for advanced traders seeking specialized account features.
Fixed spreads offer traders transparency in fees as they know the cost upfront when placing orders. However, if the market price deviates significantly from the requested price, XLN Trade may cancel the order and offer a new opening price based on current market conditions.
XLN Trade is a licensed broker, subject to regulations and obligated to fulfill its commitments to clients. Should traders encounter any violations, they can file complaints online or in person at the broker's office during business hours (09:00 to 16:00 GMT+2) on weekdays.
XLN Trade Trading Conditions
Your capital is at risk. 79.43% of retail investor accounts lose money when trading CFDs with this provider. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | Xcite (mobile) and proprietary WebTrader |
|---|---|
| 📊 Accounts: | Real |
| 💰 Account currency: | USD |
| 💵 Deposit / Withdrawal: | Bank cards, bank transfers, Skrill, Neteller, Apple Pay, and Google Pay |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | 1:200 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 4,0-5,0 pips |
| 🔧 Instruments: | Currency pairs and CFDs on stocks, indices, commodities, metals, and cryptocurrencies |
| 💹 Margin Call / Stop Out: | Margin call – 100% |
| 🏛 Liquidity provider: | No |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Instant |
| ⭐ Trading features: |
Fixed spreads; Single account type for novice traders and professionals. |
| 🎁 Contests and bonuses: | No |
XLN Trade allows its clients to trade with leverage up to 1:200 for currency pairs, gold, silver, and oil; up to 1:100 for commodities and indices; up to 1:10 for stocks; and up to 1:2 for cryptocurrencies. The maximum leverage on protected positions is 1:20. The broker offers instant order execution, therefore, its clients trade with fixed spreads that are higher than those with market execution. There is no information about the availability of a swap-free (Islamic) account type.
XLN Trade Key Parameters Evaluation
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Trading Account Opening
To register with the broker, go to its website and do the following:
Click the “Open an Account” button.
Fill in the account opening form providing your first and last names, phone, and email. Make a password. Enter a code you receive by email and click the “Create an Account” button.
Click the “Log in” button on the website's main page and use your email and password to access your user account.
Regulation and safety
XLN Trade 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
XLN Trade Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
XLN Trade Security Factors
| Foundation date | - |
| Negative balance protection | Yes |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker XLN Trade have been analyzed and rated as High with a fees score of 3/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- No deposit fee
- No withdrawal fee
- Above-average Forex trading fees
- No ECN/Raw Spread account
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of XLN Trade 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, XLN Trade’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.
XLN Trade Standard spreads
| XLN Trade | Pepperstone | OANDA | |
| EUR/USD min, pips | 4,0 | 0,5 | 0,1 |
| EUR/USD max, pips | 5,0 | 1,5 | 0,5 |
| GPB/USD min, pips | 4,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 5,0 | 1,4 | 0,5 |
Does XLN Trade support RAW/ECN accounts?
As we discovered, XLN Trade 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 XLN Trade. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
XLN Trade Non-Trading Fees
| XLN Trade | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 166,67 | 0 | 0 |
Account types
XLN Trade offers only one account type, therefore, its clients trade on equal conditions. Traders are not divided into retail and professional, thus fees, leverage, and the range of trading instruments are the same. To start making income with XLN Trade, register on its website, pass verification, open the account, and make a deposit.
Account type:
The broker doesn’t offer a demo account, so trading is only possible with real funds.
Trading conditions offered by XLN Trade are not suitable for every trader, since experienced traders and professionals prefer floating spreads. Yet, novice traders who can’t adjust their strategy to the market volatility can use it.
Deposit and withdrawal
XLN Trade received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
XLN Trade provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- No withdrawal fee
- Bank wire transfers available
- No deposit fee
- BTC payments not accepted
- PayPal not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
What are XLN Trade deposit and withdrawal options?
XLN Trade 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 Card, Bank Wire, Skrill, Neteller.
XLN Trade Deposit and Withdrawal Methods vs Competitors
| XLN Trade | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | No | No | No |
What are XLN Trade base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. XLN Trade supports the following base account currencies:
What are XLN Trade's minimum deposit and withdrawal amounts?
The minimum deposit on XLN Trade is $200, 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 XLN Trade’s support team.
Markets and tradable assets
XLN Trade offers a limited selection of trading assets compared to the market average. The platform supports 97 assets in total, including 43 Forex pairs.
- Crypto trading
- 43 supported currency pairs
- Indices trading
- Copy trading not available
- No ETFs
XLN Trade Supported markets vs top competitors
We have compared the range of assets and markets supported by XLN Trade with its competitors, making it easier for you to find the perfect fit.
| XLN Trade | Plus500 | Pepperstone | |
| Currency pairs | 43 | 60 | 90 |
| Total tradable assets | 97 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products XLN Trade offers for beginner traders and investors who prefer not to engage in active trading.
| XLN Trade | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | No | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
XLN Trade offers 24/7 technical support via live chat, while it is 24/6 on the web platform. Traders can also visit the broker’s Seychelles office from 08:00 to 19:00 (GMT+2), Monday through Friday.
Advantages
- Support is multilingual
- Live chat is available 24/7
Disadvantages
- Live chat operators can’t help with trading issues
- Non-registered traders are asked to provide their phone numbers
To contact the broker, use the following communication channels:
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Live chat on the website;
-
Email;
-
Feedback form.
In the feedback form, provide your email or phone number and the broker’s representatives call you back or send an email during their working hours.
Contacts
| Registration address | Securcap Securities Limited, Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles |
|---|---|
| Regulation | FSA |
| Official site | https://xlntrade.com/ |
| Contacts |
Education
XLN Trade doesn’t offer education for novice traders but provides free analytics for experienced market participants.
The broker doesn’t offer a demo account, which limits training opportunities for novice traders, who can’t work with virtual funds and have to immediately invest real money.
Comparison of XLN Trade with other Brokers
| XLN Trade | Bybit | Eightcap | XM Group | AMarkets | |
| Trading platform |
WebTrader, Xcite | MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, AMarkets App |
| Min deposit | $200 | No | $100 | $5 | $100 |
| Leverage |
From 1:1 to 1:200 |
From 1:1 to 1:500 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:3000 |
| Trust management | No | No | No | No | No |
| Accrual of % on the balance | No | No | No | No | No |
| Spread | From 4 points | From 0 points | From 0 points | From 0.8 points | From 0 points |
| Level of margin call / stop out |
100% / No | No / 50% | 80% / 50% | 100% / 50% | 50% / 20% |
| Order Execution | Instant Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution |
| No deposit bonus | No | No | No | No | No |
| Cent accounts | No | No | No | No | No |
Detailed Review of XLN Trade
XLN Trade offers technical analysis, daily market reports, newsfeeds, volatility analysis, and useful tools, such as Autochartist and economic calendar. Its trading platform is protected with SSL encryption protocols, therefore, all confidential information given by its clients is secured from unauthorized access by third parties.
XLN Trade by the numbers:
-
7+ years of providing brokerage services;
-
Over 150 financial instruments are available;
-
5 tools to improve the quality of trading.
XLN Trade is a broker for active trading
XLN Trade offers two trading platforms — the proprietary Trading Platform and the Xcite mobile app for iOS and Android. Xcite developed by Tiebreak Solutions Ltd doesn’t provide financial services or promote any broker but only offers software for online trading. As of today, Xcite has been downloaded from Google Play 10,000 times. To compare: MetaTrader 4 was downloaded over 10 million times, while cTrader reached 100,000 downloads. Xcite is not very popular among traders due to its limited functions and weak analytical capabilities.
Yet, it offers trading over 45 currency pairs, popular commodities such as metals, oil, natural gas, agricultural products, and cryptocurrencies. Moreover, XLN Trade offers trading over 70 stocks of global companies and indices of the U.S., Europe, and Asia. The XLN Trade web platform is accessible via any browser.
Useful services offered by XLN Trade:
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Autochartist. It’s an efficient tool for market scanning and detailed technical analysis. It is suitable for both novice and experienced traders.
-
Market trend statistics. This tool provides the instrument price change for a definite period, indicating up- and downtrends.
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Economic calendar. This tool is used for fundamental analysis. It helps monitor upcoming events that can affect the market.
-
Forex and CFD charts. These are broadcast directly from TradingView and allow traders to analyze market movements and plan future trades.
Advantages:
Fixed spreads can be used to minimize fees when trading in a highly volatile market.
XLN Trade doesn’t charge deposit or withdrawal fees.
Its mobile platform supports trading based on ready-made signals.
A proprietary web platform operates on any device and is compatible with various software.
The broker doesn’t charge fees for opening and maintaining accounts, providing technical support, or offering trading platforms.
XLN Trade boasts a transparent fee structure. Clients pay only spreads, with a small markup included, and these fixed spreads remain consistent regardless of market volatility.
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