Xlence Review - Is It a Safe Forex Broker? - WikiFX

Xlence | 2025-04-30 11:18

Abstract：Xlence is a regulated brokerage firm offering 300+ trading instruments with a maximum leverage of 1:1000 through MT4 and MT5 trading platforms.

Xlence Review Summary
Founded	2003
Registered Country/Region	Seychelles
Regulation	Regulated by FSA
Market Instruments	Forex, metals, indices, commodities, futures, and shares
Demo Account	✅
Islamic Account	✅
Leverage	Up to 1:1000
Spread	From 0.18 pips
Trading Platform	MT4 and MT5
Minimum Deposit	0
Customer Support	24/5 support
	Contact form
	Facebook, LinkedIn, TikTok, Twitter, YouTube, Instagram
Regional Restrictions	The USA, Iran, Cuba, Sudan, Syria and North Korea

Xlence is a brokerage firm founded in 2003 and registered in Seychelles, regulated by the FSA. It offers over 300 trading instruments across 6 asset classes, with a maximum leverage of 1:1000 through MT4 and MT5 trading platforms. However, it does not support their physical address and there are many residents who have no access to trade with them.

Pros and Cons

Pros	Cons
Regulated by FSA	Regional restrictions
MT4 and MT5 offered	No physical address
Many kinds of account types	No flexible payment methods
Social media presence
No minimum deposit requirement

Is Xlence Legit?

Xlence is offshore regulated by the Seychelles Financial Services Authority（FSA), holding Retail Forex License, with No. SD029. Besides, they provide negative balance protection.

The Seychelles Financial Services Authority (FSA)
Regulatory Status	Offshore regulated
Regulated by	Seychelles
Licensed Institution	Tradeco Limited
Licensed Type	Retail Forex License
Licensed Number	SD029

What Can I Trade on Xlence?

Xlence offers over 300 trading instruments across 6 asset classes including forex, metals, indices, commodities, futures, and shares.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Shares	✔
Futures	✔
Metals	✔
Cryptocurrencies	❌
Bonds	❌
Options	❌
ETFs	❌
Mutual Funds	❌

Account Type

Xlence offers found kinds of accounts, including the Xlence Essential, Xlence Prime, Xlence Deluxe, and Xlence Uitlimate accounts. Besides, they also offer the Islamic accounts without a minimum deposit.

Account Type	Xlence Essential	Xlence Prime	Xlence Deluxe	Xlence Ultimate
Bonus	✔	✔	✔	✔
Minimum Lot Size	0.01
Lot increment	0.01
Stop out	20%
Swap free/Islamic account	✔
Dedicated Manager	❌	✔	✔	✔

To open an account of Xlence, it is easy and simple. You can enter your personal information to finish the opening procedures.

Leverage

Xlence offers the maximum leverage of 1:1000 to their accounts. It should be noted that high leverage such as 1:1000 can lead to significant profits, but it also comes with extremely high risks.

Xlence Fees

Xlence offers different spread across different accounts, products, and currency. Therefore, to learn specific spread, you should look through and learn form their spreads set carefully. Besides, they do not charge the commission.

Account Type	Xlence Essential	Xlence Prime	Xlence Deluxe	Xlence Ultimate
EUR/USD Spread (Minimum/Average)	1.1/1.4	0.9/1.2	0.6/0.9	0.4/0.7
XAU/USD Spread(Minimum/Average)	0.23/0.25	0.18/0.20	0.18/0.20	0.18/0.20
Commission	❌	❌	❌	❌

Trading Platform

Xlence supports MT4 and MT5 to trade their instruments. Both MT4 and MT5 offer access to expert advisors for algorithmic trading and trading signals. You can explore the markets via desktop, mobile, or web browser at your convenience.

Trading Platform	Supported	Available Devices	Suitable for
MT4	✔	Web/ Phone/ Desktop	Beginners
MT5	✔	Web/ Phone/ Desktop	Experienced traders

Deposit and Withdrawal

To carry out a deposit or withdrawal, simply log into your account and access the client portal. The main currencies supported for these transactions are AUD, CHF, PLN, RUB, HUF, EUR, GBP, and USD. Deposits are free of charge on our end. However, it's important to note that your bank or payment service provider might impose extra fees.