Score
Seychelles
|
5-10 years
| https://xlntrade.com/
Website
Rating Index
Influence
D
Influence index NO.1
Peru 2.60
LicensesLicensed Entity：Securcap Securities Limited
License No. SD012
Seychelles
xlntrade.com United States| 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 |
The minimum deposit required on XLNTrade is $200, which is a relatively standard amount. For me, this isn’t too high, and it gives me enough capital to start trading. However, it might not be ideal for beginners who want to start with a smaller amount. I would recommend starting with the minimum deposit to get a feel for the platform before investing more.
XLNTrade doesn’t have verified regulation, as it holds an unverified license from the Seychelles Financial Services Authority (FSA). For me, this is a bit concerning, as unverified licenses don’t provide the same level of protection or oversight as those from well-known regulators. I prefer brokers with verified regulation to ensure my investments are safeguarded.
One major advantage for me is the variety of instruments available for trading, including forex, commodities, cryptocurrencies, stocks, and indices. I also appreciate that XLNTrade offers a mobile app and WebTrader, so I can trade conveniently from my phone or desktop. The absence of deposit and withdrawal fees is another plus. The minimum deposit is also fairly low at $200, making it accessible for new traders.
XLNTrade provides a WebTrader platform and a mobile app for iOS and Android. As someone who prefers using advanced platforms like MetaTrader 4 (MT4) or 5 (MT5), I found it limiting that XLNTrade doesn’t support these. WebTrader is fine for basic trading, but I personally prefer the advanced features and customization options that MT4 or MT5 offer. The mobile app is great for on-the-go trading, but if you’re looking for a platform with more functionality, you may find WebTrader lacking.
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FX1806695834
Kuwait
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 🥺💔.
Exposure
Wesley 8440
Brazil
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.
Exposure
FX1077133120
Saudi Arabia
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.
Exposure
Jenniee
United States
XLNTrade is top-notch! Their spreads are tight and competitive, making trading more efficient. Plus, their customer service is fantastic - friendly, helpful, and always quick to respond. Highly recommend for anyone looking for a reliable trading partner.
Positive
FX1493418673
New Zealand
Been trading with Xlntrade lately and I'm pretty happy with it. The platform's solid and secure, no drama with money moves. Their support team is always ready to help out. Definitely worth checking out if you're into trading.
Positive
FX1077133120
Saudi Arabia
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.
Exposure
Asmaa
Qatar
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
Exposure
FX1280227352
Malaysia
Don’t trade with this XLNTrade. They didn’t give back my money still more than 2 months. They assigned fake trading on your account and made you lose money. That’s my true experience.
Neutral
砾石
Mexico
We can easily see on wikifx that XLNTrade is an unregulated forex broker and they have scammed some people. Please keep an eye on yourselves and never invest rashly...
Neutral
FX1196433441
United States
It's hard to believe that this company didn't tell me the minimum amount of money needed to open an account. Considering that it doesn't have any reliable regulatory license, I wouldn't trade here.
Neutral
FX1094944219
Spain
I did not find detailed information about the distribution on the XLNTrade website, so I tried to contact their customer service. But not only did they take a long time, about 6 hours to answer me, but the answer was not very clear. In addition, I also found that this company does not have reliable supervision and there are some negative reviews on wikifx.
Neutral
FX4118000859
Venezuela
I transferred $150 from my account to this company and gained $600. But I was unable to withdraw.
Exposure
FX3296221022
Chile
I deposited $50 and started transaction. I gained $490 during the fluctuations of market. But I was unable to withdraw and they did not reply.
Exposure
FX1901670848
Venezuela
I deposited $568 and gained a lot. When I wanted to withdraw, they did not reply me anymore.
Exposure
FX2481098129
Paraguay
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.
Exposure