Xlence Review 13
At least they don't charge any commission. That's what I thought after examining the forex spreads for the major pairs. With the upgrades, the situation has significantly improved and since I was trading on a daily basis, it was nothing more than a good deal. The platform operates without slippage and payments are executed quickly. It's not a bad broker for forex trading. No doubt about it.
My experience was mostly positive, and I praised this platform for its good trading features, including reasonable fees, competitive spreads, and accurate trade execution. One of the drawbacks I encountered while using this platform was the lack of educational content and market analysis. I believe it would be beneficial to add online seminars and topics on trading tools to improve its content.
In the beginning, it wasn't easy, especially for us - complete beginners... I had a lot of questions, but luckily, the customer support team at Xlence was patient and helped me with everything. I can't talk much about their platform and trading terms; I don't have enough knowledge yet, but when it comes to the support they provide, they are an excellent broker :)
I have been trading on the Xlence Essential trading account for a while. The account offers normal spreads starting from 1.4 pips, which can't be considered tight or wide. That's okay, what I mean is that when I trade the EUR/USD pair, I don't incur a lot of trading costs thanks to these spreads. The platform is good and works smoothly. The support team is always ready to assist me.
For currency trading, there is no better platform than mt4 (debatable), but if you are like me and like to try your hand at certain stocks or commodities, Mt5 would be a better choice in my opinion, so xlence, please add it as well.
This broker attracted my attention by their trading conditions and the diversity of accounts. Honestly, I didn’t expect that the threshold of minimum deposit would be so high there. It turned out that I needed to upgrade my essential status to the deluxe level by depositing more than 10,000$. At least, the conditions are worth it, narrow spreads and zero commissions.
When I took a look at the trading conditions for index futures contracts, I thought it was time to add something new to my strategy. Fortunately, all my analyses work for these assets, as it turned out even better. Of course, it's a good thing on their part not to charge swap fees on the assets, traders have different styles, I think brokers should respect that, Xlence did.
The tight spreads and 0 commissions on deposit and withdrawals makes it really cost effective to trade here. Well they are other reasons like the minimum deposit which isn’t high and also no hidden fees, it’s just a cool platform
