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Score
Seychelles
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk
Influence
Add brokers
Comparison
Quantity 9
Exposure
Score
Regulatory Index0.00
Business Index6.85
Risk Management Index0.00
Software Index4.00
License Index0.00
Single Core
1G
40G
More
Company Name
Securcap Securities Limited
Company Abbreviation
XLNTrade
Platform registered country and region
Seychelles
Company website
Company summary
Pyramid scheme complaint
Expose
I deposited $568 and gained a lot. When I wanted to withdraw, they did not reply me anymore.
Advice: I went through the same mess with this company for a year. I was only able to withdraw once, they withdrew $2800, and after that, there's no withdrawal. They leave you until the market entices you to trade until they suddenly respond to your account manager, and your account has suddenly become zero. They try to convince you with false things and lies. My trust in God is enough for me and they are the best agents, until you believe them and start to deposit, and after that, they don't respond to you. In the end, with a scam account manager, God won't make her successful in this world and religion. God is enough for me and the best agent, and that suffices 🥺💔.
This company is a fraudulent company. It scams all its customers with fake accounts and incorrect information and asked them to constantly transfer large amounts with their inability to withdraw from their accounts in the company, so please take precaution and caution from this fraudulent company. And publish this on the sites so that people could stay away from this company and those who work in it.
A company that works to defraud its customers by inciting them to make deposits and then they cannot withdraw what they have deposited in that company.
I transferred $150 from my account to this company and gained $600. But I was unable to withdraw.
Firstly, they said that the company has been certified and sold proof, applications, and network tracking, with an initial amount of $200, earning and family transactions. We don't know what it is, and the account is decreasing every night for unknown reasons. Unfortunately, the advisor who is with you will tell you to turn on and off the training foundation, and then you win and lose, and suggest that you restore your trading income. You only need to deposit. Deposit funds equivalent to 24000 Qatari Riyals to end a return equivalent to 100000 US dollars. He said you must deposit two withdrawals. After depositing, he said you open a transaction to increase the amount Henzel earns in your account, open and close the return, and so on. The issue of transaction costs is currently brewing, and I have made my first deposit of $2500, but they still require a larger deposit. The picture is incomplete, but it was verified through withdrawal from the bank.. Only appreciation can help me recover Alit's amount
Hello everyone, I started investing in the hope that my income will increase a bit, and I spent all my savings. Now I don’t even know how much I owe the broker. I invested in XLNTrade, originally it was $200, I won't tell you more because I am full of anger. If anyone is considering investing in this platform, think twice. Gradually they convinced you to deposit more and more money, and finally everything passed. The information they give you is confusing and then they say you have a responsibility to do everything.
It's impossible to withdraw, he told you to deposit more so you could withdraw. And from one minute to the next your money disappears. I was robbed of almost $5000.
XLNTrade Review Summary | |
Founded | 2016 |
Registered Country/Region | Seychelles |
Regulation | FSA (suspicious clone) |
Market Instruments | CFDs, Stocks, Commodities, Indices, Currencies, Cryptocurrencies |
Demo Account | ✅ |
Leverage | Up to 1:200 |
Spread | From 4 pips |
Trading Platform | Mobile App, WebTrader |
Minimum Deposit | $200 |
Customer Support | Email: customer.service1@xlntrade.com |
Live Chat |
XLNTrade is an online CFDs broker founded in 2016, holding a suspicious clone license. It is famous for its own innovative trading platform, and it provides step-by-step instructions for beginners but strict account risk management.
Pros | Cons |
Live chat support | Suspicious clone license |
No deposit and withdrawal fees | No MT4 or MT5 |
Various trading products | Lack of transparency |
Demo account available |
XLNTrade holds a suspicious clone license issued by The Seychelles Financial Services Authority (FSA). The license type is Retail Forex License with the license number SD012.
XLNTrade offers more than 97 financial assets across 5 assets types including Currency Pairs, CFDs, Commodities, Cryptocurrencies, Indices, and Stocks.
Tradable Instruments | Supported |
Forex | ✔ |
Commodities | ✔ |
Cryptos | ✔ |
CFDs | ✔ |
Indices | ✔ |
Stocks | ✔ |
ETFs | ❌ |
Bonds | ❌ |
Options | ❌ |
XLNTrade offers leverage of up to 1:200. A high leverage ratio brings high returns along with high risks.
Overall, XLNTrade's trading fees are considered relatively reasonable, especially with offering fixed spreads and trading benefits to clients under certain conditions.
Spreads: Regardless of fluctuations in the forex market, XLNTrade ensures fixed spreads like 4 pips for EUR/USD.
Commissions: Not mentioned.
Rollover fee: 0.022% on currencies, indices, ETFs and commodities; 0.055% on stocks; 0.50% on crypto.
Non-Trading Fees
Non-Trading Fees | Details |
Deposit Fee | Minimum $200 |
Withdrawal Fee | $0 (Free) |
Inactivity Fee | $500/per quarter |
Trading Platform | Supported | Available Devices | Suitable for |
WebTrader | ✔ | Web | / |
Mobile App | ✔ | iOS, Android | / |
MetaTrader 4 (MT4) | ❌ | / | Beginners |
MetaTrader 5 (MT5) | ❌ | / | Experienced traders |
XLNTrade does not charge any deposit or withdrawal fees, which makes fund deposits and withdrawals from trading accounts highly cost-efficient for clients. However, a minimum deposit amount of USD$200 is required.
Deposit Options | Minimum Deposit | Fees | Processing Time |
JCB, Visa & Mastercard | Not mentioned | Free | Not mentioned |
bitwallet | Not mentioned | Free | Not mentioned |
iwallet | Not mentioned | Free | Not mentioned |
Withdrawal Options
If the withdrawal amount exceeds the original deposit, the surplus will be transferred to the client's bank account via bank wire or e-wallet.
Withdrawal Options | Minimum Withdrawal | Fees | Processing Time |
Not mentioned | Not mentioned | Free | Not mentioned |
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