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XLNTrade Forex Broker provides real users with 2 positive reviews, 4 neutral reviews and 9 exposure review!

XLNTrade Broker Review

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XLNTrade Review 15

Latest All(15) Positive(2) Neutral(4) Exposure(9)
Exposure
Scammers

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 🥺💔.

FX1806695834
04-29
Positive
XLNTrade: Tight Spreads, Top Customer Service for Efficient Trading

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.

Jenniee
2024-07-12
Positive
Xlntrade: Secure Trading Platform with Reliable Support

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.

FX1493418673
2024-06-17
Exposure
It is never possible to withdraw and always asks for more money.

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.

Wesley 8440
2024-03-30
Exposure
Fraudulent company

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.

FX1077133120
2024-02-16
Exposure
Scam and fraudulent company in every sense of the word

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.

FX1077133120
2024-02-16
Exposure
$10,000 scam

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

Asmaa
2023-04-13
Neutral

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.

FX1280227352
2023-02-23

  

XLNTrade 2025 Review: Everything You Need to Know

  Summary:

  XLNTrade has garnered mixed reviews, with some users expressing dissatisfaction regarding withdrawal issues and high spreads, while others appreciate its user-friendly platform and range of trading instruments. The broker operates under a regulatory framework that raises concerns about its legitimacy, particularly given its offshore status.

  Note:

  Its important to recognize that XLNTrade operates under different entities across regions, which can impact user experiences. This review synthesizes various sources to provide a balanced perspective on the broker's offerings and reputation.

  

Ratings Overview

Category Score (out of 10)
Account Conditions 4.5
Tools and Resources 5.0
Customer Service and Support 3.0
Trading Settings (Experience) 4.0
Trustworthiness 3.5
User Experience 4.0

  We evaluate brokers based on user feedback, expert opinions, and factual data regarding their services and operations.

  

Broker Overview

  Established in 2018, XLNTrade is operated by Securcap Securities Ltd and claims to be regulated by the Seychelles Financial Services Authority (FSA). The broker offers a proprietary trading platform called Xcite, which is accessible via web and mobile applications. Traders can access a variety of asset classes, including over 45 forex pairs, commodities, indices, cryptocurrencies, and stocks. However, the regulatory oversight from the Seychelles FSA is often viewed as less stringent compared to tier-1 regulatory bodies, raising concerns about the broker's reliability.

  

Detailed Sections

  

Regulatory Areas

  XLNTrade is regulated by the Seychelles FSA, which is considered a tier-3 regulator. This means that while the broker is registered, the oversight is minimal, and traders may not have the same protections as they would with brokers regulated by more reputable authorities like the FCA (UK) or ASIC (Australia).

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  XLNTrade accepts deposits and withdrawals in USD primarily, along with a range of payment methods including credit/debit cards, bank transfers, and e-wallets like Neteller and Skrill. However, some sources indicate that the broker does not support certain popular e-wallets, which could limit flexibility for some traders.

  

Minimum Deposit

  The minimum deposit required to open an account with XLNTrade is $200, which is relatively standard for the industry but higher than some competitors that allow deposits as low as $10.

  

Bonuses/Promotions

  Currently, XLNTrade does not offer any bonuses or promotional offers, which is a common practice among many regulated brokers to avoid complications related to withdrawal conditions.

  

Tradeable Asset Classes

  XLNTrade provides access to a diverse range of trading instruments, including forex, cryptocurrencies, commodities, indices, and stocks. The availability of over 150 financial instruments is a positive aspect for traders looking for variety.

  

Costs (Spreads, Fees, Commissions)

  The spreads at XLNTrade start from 4 pips on major pairs like EUR/USD, which is considered high compared to industry standards. Additionally, there is a quarterly inactivity fee of $500 for accounts that remain inactive for more than three months, which is quite steep.

  

Leverage

  The broker offers leverage of up to 1:200, which can be appealing to traders looking to maximize their positions. However, high leverage also increases the risk of significant losses, particularly for inexperienced traders.

  

Allowed Trading Platforms

  XLNTrade uses its proprietary platform, Xcite, which lacks some of the advanced features found in popular platforms like MetaTrader 4 or 5. This could deter experienced traders who prefer more robust trading tools.

  

Restricted Regions

  XLNTrade does not accept clients from several regions, including the United States, Europe, and the UK, which may limit its accessibility for some traders.

  

Available Customer Service Languages

  Customer support is available in multiple languages, including English, Spanish, French, and Italian. However, the quality of support has been reported as lacking, with many users citing difficulties in reaching customer service for withdrawal issues.

  

Repeat Ratings Overview

Category Score (out of 10)
Account Conditions 4.5
Tools and Resources 5.0
Customer Service and Support 3.0
Trading Settings (Experience) 4.0
Trustworthiness 3.5
User Experience 4.0

  

Detailed Breakdown

  •   Account Conditions (4.5/10): While the minimum deposit is competitive, the absence of multiple account types and high inactivity fees can deter potential clients.

  •   Tools and Resources (5.0/10): The Xcite platform offers basic trading tools, but the lack of advanced features compared to other platforms may limit traders' capabilities.

  •   Customer Service and Support (3.0/10): Despite offering multilingual support, user reviews indicate significant issues with responsiveness and effectiveness, particularly regarding withdrawal requests.

  •   Trading Settings (Experience) (4.0/10): The trading experience is hindered by high spreads and a lack of advanced trading platforms, which may not meet the needs of more experienced traders.

  •   Trustworthiness (3.5/10): The regulatory status under the Seychelles FSA raises concerns about the safety of funds, particularly in light of negative user feedback regarding withdrawal issues.

  •   User Experience (4.0/10): Mixed reviews highlight both positive aspects, such as a user-friendly platform, and significant drawbacks, particularly regarding customer service and withdrawal difficulties.

  •   In conclusion, while XLNTrade offers a range of trading instruments and a user-friendly platform, potential clients should exercise caution due to its offshore regulation and reported issues with customer service and withdrawals. It is advisable to consider these factors carefully before engaging with this broker.

XLNTrade review