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XLNTrade

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Operating status: SCAM

Website: https://xlntrade.com/

Broker violations and abnormal records
  • 2022-08-16 BrokersView has Reviewed that XLNTrade is an Unregulated Forex Broker

    XLNTrade is not a reliable broker for traders even though it states offers that look good to be true. XLNTrade claims to be owned by Securcap Securities Limited, a company licensed by the Seychelles Financial Services Authority (Seychelles FSA) under the license number SD012. We indeed find a match result to Securcap Securities Limited in Seychelles FSA, but as per the regulatory details shown on FSA, the only approved domain of Securcap Securities Limited is "https://securcap.com/" not "https://xlntrade.com/". That means XLNTrade may be a clone firm that uses regulatory info of an FSA-regulated firm.

    Besides, XLNTrade claims the group of XLNTrade also consists of Wanakena Ltd, a European entity duly registered in Cyprus. However, we did not find any match results to XLNTrade or Wanakena Ltd in the Cyprus Securities and Exchange Commission (CySEC). That means XLNTrade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

    XLNTrade is not a reliable broker for traders even though it states offers that look good to be true. XLNTrade claims to be owned by Securcap Securities Limited, a company licensed by the Seychelles Financial Services Authority (Seychelles FSA) under the license number SD012. We indeed find a match result to Securcap Securities Limited in Seychelles FSA, but as per the regulatory details shown on FSA, the only approved domain of Securcap Securities Limited is "https://securcap.com/" not "https://xlntrade.com/". That means XLNTrade may be a clone firm that uses regulatory info of an FSA-regulated firm.Besides, XLNTrade claims the group of XLNTrade also consists of Wanakena Ltd, a European entity duly registered in Cyprus. However, we did not find any match results to XLNTrade or Wanakena Ltd in the Cyprus Securities and Exchange Commission (CySEC). That means XLNTrade is not overseen by any regulators. Investors' funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

I got scammed by XLNTrade, it's a shady platform with a scammy account manager

Patrick
Thailand
2025-07-09
ANSWER Dear Investor, Thank you for sharing the information. We fully understand your feelings under this situation. XLN Trade is highly suspect of fraudulent activity. While it claims to be operated by Securcap Securities Limited, a firm is confirmed to be licensed by the Seychelles Financial Services Authority (FSA), our investigation found that the only authorized website for Securcap is https://securcap.com/, not https://xlntrade.com/. No connection to XLN Trade is listed on the Securcap's official site, suggesting that XLN Trade may have stolen Securcap’s regulatory information. Therefore, we strongly advise avoiding this platform and have listed it as a scam broker. If you have been scammed by XLN Trade, please report the case to your local authorities and gather all relevant evidence—such as transaction records, chat logs, and screenshots. You may also file a complaint via our official website here, where our team will review your case and offer support. Lastly, please remain cautious of recovery scams. Fraudsters often pose as recovery agents and demand upfront fees. Always verify the authenticity of any service offering help.
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1 comments

Jarmila Kováčová
What do you know about Excentral,Cyprus?I was scamned by them but my local Czech police reje t the scam. Cypriot police admit the scam,but do nothing without Czech police.
2024-12-13
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