Xlence Review 23
First of all, the platform is mt5 and there is not much to say about it, as it is a solid platform with many tools for creating charts. However, I would like to draw attention to their spreads. For the EUR/USD pair with a Prime account, spreads are usually between 1.2 and 1.4 pips, which is quite competitive.
I liked that this broker adopted a simple approach in everything, achieving smooth and flawless performance. The features they provided made everything quick and smooth. For example, after making my deposits, they offered me digital currency wallets for direct transfers, without intermediaries. Depositing was excellent, and withdrawing in digital currencies was the fastest ever in my experience.
As soon as i stepped into this broker, i got an xlence essential account, which is basically the standard account here. I wouldn’t say that it’s bad, especially if we consider the fact that the account is absolutely free and i didn’t have to make a certain amount of money deposit. However, spreads are still a bit wide than i would like to see - 1.2 pips avg
What any broker can do is comply with our laws and offer trading terms without overnight interest or swap fees. The platform needed some updates, and the user interface looked old to me, but I liked how they treated me as a beginner. There are even ready-made guides to implement some trading strategies, which was very helpful for a start.
Honestly, they provided a swap-free trading service and kept their promise. It was necessary for me to trust the broker before engaging in any transactions with them. I traded oil and gold contracts without paying any commissions or fees, only the spread was different. Therefore, the service is definitely suitable for Arab traders. On other matters, it is better for them to work on providing additional alternatives.
It meets most of the indicated levels. Good stability, fast speed, and trustworthy.
I was eager to trade American stocks, but since I am unable to do so when the markets are open, I was looking for a broker suitable for regularly taking swing trading positions. Some of them charge absolutely exorbitant swap fees, but fortunately, Xlence is much more advantageous for long-term traders like myself.
Perhaps I ask my questions at a time when Arabic language support is not available, but most of the time only English language customer support is available. And of course, it is difficult to explain the problem I am facing, which is why I communicate with them using Google Translate only. I mean it serves the purpose, but it is certainly better to add more support members to facilitate communication.
