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Xlence

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Operating status: SCAM

Website: https://www.xlence.com/en/

Broker violations and abnormal records
  • Jul 02, 2025 BrokersView has found that Xlence appears to be a scam

    According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. 

    Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company.

    Given these red flags, Xlence exhibits characteristics of a fraudulent operation.

     

Related Complaints

Q&A

Please help verify if xlence is operating legally

Md Fahidul Hasan
Malaysia
Jul 01, 2025
ANSWER Dear investor, We strongly advise against engaging with Xlence, as it appears to be a scam. According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company. Xlence appears to be unregulated, raising serious concerns about its credibility. Given these red flags, Xlence exhibits characteristics of a fraudulent operation. To ensure the security of your investments, it is highly recommended that you avoid using such a suspicious platform.
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6 comments

Tomass
Should have started from a demo account first, because I blew up my first $50 deposit... xDAt least, I learned something new and now i’m trading more carefully, this time everything goes better...
May 20, 2026
Reply
Jakob
I’m satisfied with spreads tho it took to get account upgrade to get better prices. Still effective!
May 09, 2026
Reply
cesaro_maddry
Strange, broker working fine for me… Yeah, fees are not the tightest, but withdrawals work smoothly.
Apr 14, 2026
Reply
Rian Langelaan
What really saved my day is prompt and reliagble service. I’m fine with even above average trading costs and boring MT software, when the broker delivers good service. Like support for example…
Apr 08, 2026
Reply
Patrick
Xlence educational section is what I’d like to highlight. Got new information about crypto fr.
Apr 08, 2026
Reply
Emre Kurudere
Friends, this company is a scam. They haven't returned the principal amount I sent. They keep stalling, saying your account is under review and using similar excuses. Absolutely do not send them any money.
Mar 19, 2026
Reply
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