Xlence Reviews

Summary: I’ve had winning streaks that made me tired or I couldn’t even enjoy them. And then losses usually followed quietly. As a result, I blew accounts a few times in a row until I changed my trading approach. It’s not worth trading every day because the market will punish you for your self-confidence.

Positive: The Xlence trading conditions are perfect on a Xlence prime acc. Spreads from 0,9 pips, minimum deposit is $2000, and no commissions which makes the trading process more cost-efficient and that's what I liked most about them

Negative: Xlence has enough benefits, but I’d like to see their proprietary mobile app, I believe they have enough resources to build a cutting-edge platform. Let’s be honest, MT4 and MT5 are outdated already, and old school traders use them.

Summary: I remember chasing confirmations after the entry. Trying to justify decisions retroactively. That habit faded with experience and now I’m always analyzing charts before opening any positions, that saves me a lot of nerves.

Positive: There are no commissions for opening and trades on all assets except indices. Since I’m not trading indices, I don’t care about those fees, so yeah, when it comes to trading on the stock and forex market, or commodities, I’m not worrying about high trading-costs.

Negative: The variety of trading accounts is big here and it gives enough flexibility to choose the best one that can suit my trading strategy. However, you gotta bear in mind that the system of choosing accounts works differently here and that’s exactly what is annoying me here. I had to start from an essential status and only after depositing much more, I could get a prime status.

Summary: For the futures day trader, it was a good experience conditions wise. I even could get access to free trading analysis to add some confluence into my trading. This broker is developing and that’s something to be happy about, since I’ve already got used to their services.

Positive: Conditions were nice despite the fact that commission was $10 per lot. But for indices, this volume could be achieved in 3 trades, considering my account balance. So I was satisfied with pricing and glad they have futures trading enabled. Technically best assets for a day trading.

Negative: Before, it was a problem that they only had mt4, now after some time passed, since they added mt5, I can’t complain about the platform's issue.

Summary: I started from a small deposit with an essential account. I remember how I forced trades just to feel productive. My mindset was “more trades, more profits”. And that habit quietly drained my account, now I value clarity over activity, even if there are only 3 clear setups in one month.

Positive: Xlence offers enough trading accounts with different conditions, this fleixibity allows us to choose the best option. Also, I liked how much effort they’ve put into providing top-notch education. I didn’t expect them to provide those lessons absolutely for free because the quality of explantation is very clear and they’re not trying to confuse me with useless terminology unlike in other brokerage places.

Negative: I don’t know what the reason is to not write any information about minimal deposits on all accounts, they should change this approach, there’s no need to keep such things secret.

Summary: I am a risky kind of trader. Trade forex with small acc and high leverage. This is a solid platform for my trading style. I blow up accounts frequently and like that setting up a new account is fast and simple process

Positive: Many pros, but i like the high leverage, low entry threshold, good promotion campaigns that run often

Negative: No con, but suggestion i have: built custom app with tradingview charts

Summary: I know I was harsh about the web trading experience. I hope they take my criticism well, and see what needs work there. Downloadable app though (both for mobile and PC) I would give max scores. Hardly anything at fault that I could find.

Positive: recently they added mt5 as well, which is a huge deal. Web app, despite of what I'm gonna say about it in the cons section, at least loads fast. Its the fastest loading time out of all the web trading apps that I've tested.

Negative: Webtrading experience still could be improved though I think. Adding keyboard shortcuts for example, would go a long way. In general web UI needs some work.

Summary: Started off strong with an Xlence essential account. The fees are not even bad, the spreads are usually 2 points for us500 futures. As for the trading execution they didn’t let me down, filling the orders instantly.

Positive: MT5 is more up to date compared to MT4, which I really like. It has DOM and an economic calendar integrated as well, which MT4 didn’t even have. All in all, like the features it has.

Negative: The futures indices commissions are charged. They have a warning about it on the website, but it’s really small, they need to make it more visible.

Summary: It's interesting how things turned out for me - it was my colleagues who recommended the broker to me, and i gotta thank them because i find Xlence a reliable to trade with. I mean i can trust them with my forex trades. Executions are fast on mt4, the speed remains high on Android too. I'd suggest you go demo first before diving in deep...

Positive: mt4 for web and android - flawless flight, runs without troubles
different account options, room to choose per preference
interesting podcast content

Negative: maybe costs for some advanced accounts could be lower but at the same time they provide better trading conditions

Summary: For me, since i moved to trade with Xlence, i feel like i have all i need on one place. The main reason which made me switch brokers, was their support provided with analytics, with new features and mt4 indicators. The alpha indicators are making things much simpler, it automatically find major price levels

Positive: Full trading central integration, new indicators available, and daily market analysis and insights are provided

Negative: Good spreads come only with more advanced account types

Summary: I’m trying them out, it’s been a month now, but I like the experience. I think I will stay with them and switch to a real trading account as soon as I get comfortable with my trading strategy. Newbie issues :D

Positive: The demo account replicates real trading experience 1:1 with the only difference being in the imaginary funds instead of real money. Plus, the MT5 platform itself turns out to be very comfortable in usage.

Negative: I don’t have any complaints about the services, even the support team is friendly and helps fast.

Summary: Anyway, I didn’t have any of these problems, not touching futures and aiming to deposit enough to have a deluxe account with tighter spreads. In terms of service and offered features, I’m alright with them.

Positive: Features wise, very powerful. From offering two MTs, easily switching from one another, depending on what I trade. To helpful analytical tools, like TA by trading central and advanced indicators from alpha generation.

Negative: For small deposits, by default they offer an essential account which has not had the best spreads. Futures trading is commission based, not much cost friendly too.

Summary: When you don’t have problems with the service it is already a win. I could along with only with metatrader and reliability

Positive: Availability of both metatraders, so I didn’t need to choose older or newer one. Support is lighting fast man, an important feature when you have nothing to rely on!

Negative: Not the most affordable to trade futures, there is a commission. But not for me, since I didn’t trade them, just a warning for others.

Summary: more than 2 years have been spent here, and well, it is normal broker with optimal conditions. Pluses outweigh minuses for sure... Now I pay attention to equities, because interest rates are going down.

Positive: flexible leverage is good to open sizeable position and utilize margon efficiently.
MT5 with its numerous tools is good option here. Support is fast

Negative: I don't necessarily think that spreads are that low here, sometimes they are a bit too wide for me.

Summary: Sometimes you will have bad moves that will punish your deposit, and the best way to stay afloat on markets long enough is reduce your size and keep risk contained. Of course, I thought about quitting trading multiple times, but seeing how other traders really succeed in this area makes me keep my eyes on the prize and not give up.

Positive: The educational content is huge there. It’s another level. When I opened topics about fundamental and technical analyses, I was surprised by how far they had gone. Usually most brokers don’t care about our education, but Xlence indeed wants us to be successful. I learned how to read earnings reports properly and what the main difference is between P/E and P/S ratios. It’s a must have to know if you’re going to trade shares in the stock market.

Negative: Honestly, the design of the website looks kind of outdated, they should update it and make it fancier because a new generation of traders might be disappointed by that and think that the broker is behind all competitors. Not gonna lie, that's exactly how I felt when I took a look at their website for the first time.

Summary: Well, if you putting the topic of some “trading magic” that should be happened at this platform, I think the broker is fine. I mean for usual trading on mt4 with a certain extent of support and trustworthy service, welcome aboard.

Positive: I liked their services to support traders. From a bunch of analytical tools for free, including custom indicators and daily market to ideas, to the actual customer support, which was competent to provide answers to all my questions. In terms of execution, the broker did its job too. Smooth

Negative: Swap-free accounts are not for everyone, nor are spreads the lowest I’ve ever seen. Plus, didn’t see something unique that only this broker has.