XLNTrade

XLNTrade Information

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 and Cons

Is XLNTrade Legit?

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.

What Can I Trade on XLNTrade?

XLNTrade offers more than 97 financial assets across 5 assets types including Currency Pairs, CFDs, Commodities, Cryptocurrencies, Indices, and Stocks.

Leverage

XLNTrade offers leverage of up to 1:200. A high leverage ratio brings high returns along with high risks.

XLNTrade Fees

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

Trading Platform

Deposit and Withdrawal

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.

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.