Xlence Forex Broker

Xlence Review Summary Founded2003 Registered Country/RegionSeychelles RegulationRegulated by FSA Market InstrumentsForex, metals, indices, commodities, futures, and shares Demo Account✅ Islamic Account✅ LeverageUp to 1:1000 SpreadFrom 0.18 pips Trading PlatformMT4 and MT5 Minimum Deposit0 Customer Support24/5 support Contact form Facebook, LinkedIn, TikTok, Twitter, YouTube, Instagram Regional RestrictionsThe 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 FSARegional restrictions MT4 and MT5 offeredNo physical address Many kinds of account typesNo flexible payment methods Social media presence No minimum deposit requirementIs 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 TypeRetail Forex License Licensed NumberSD029What 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 TypeXlence EssentialXlence PrimeXlence DeluxeXlence Ultimate Bonus ✔✔✔✔ Minimum Lot Size0.01 Lot increment Stop out20% 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 TypeXlence EssentialXlence PrimeXlence DeluxeXlence Ultimate EUR/USD Spread (Minimum/Average)1.1/1.40.9/1.20.6/0.90.4/0.7 XAU/USD Spread(Minimum/Average)0.23/0.250.18/0.200.18/0.200.18/0.20 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 PlatformSupported Available Devices Suitable for MT4✔Web/ Phone/ DesktopBeginners MT5✔Web/ Phone/ DesktopExperienced tradersDeposit 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.