Xlence Reviews

Summary: Even though I still learn and test a lot of strategies, not really trading for profits yet, I can say that the platform behaves pretty well.
Spreads are tight enough and you can trade any kind of strategy

Positive: No limitations for trading strategies. You can trade whatever you feel like trading, from scalping to trading the news

Negative: Not really a con, but would love to see a cent account

Summary: I wanna talk about my copy trading experience. It was pretty good. I save time by automating my trading, which is perfect when I can't watch charts all day. I also like that I can easily follow multiple strategies for balanced diversification of funds, so that I don't rely on just one trader's style. It's not a get rich quick tool, but used wisely, it can bring some consistent profits.

Positive: First of all, I enjoy trading fees with the broker. No matter the upgrade of the account, fees are pretty balanced and suit day trading or scalping well. Secondly, I gave a shot to a copy trading feature and was left impressed. I was avoiding it for quite some time, but the feature is definitely worth giving a try, since it eases trading journey and opens a new way to earn money.

Negative: Accounts are not swap free by default. You need to reach out to them, meet certain requirements, wait for approval… it’s a bit of a hassle. It would be fantastic if they could simplify the process of obtaining a swap free acc or make it so by default, doubt that anybody wants to pay those rollover fees

Summary: By and large, everything goes pretty smoothly. At the moment, I’m trading BTC and ETH. They’re doing well compared to other global assets like XAGUSD, XAUUSD, and stocks. As you know, the markets are under high pressure due to the blockade of the Strait of Hormuz. Financial funds withdraw their reserves from golds, stocks and other assets, preferring to keep cash on the side. From what I’m seeing, BTC making lower highs and lower lows, there’s one more leg down left around the $57000 area. I’m looking for a bounce there, that’s where I’m going to build my swing-positional long heavily. （￣︶￣）↗

Positive: Trading Central is truly underrated. I thought it was just a marketing gimmick, but in reality, it’s practical. I get a lot of ideas and insights about markets. In addition, there are many market outlooks published on a daily basis. This helps me get the bigger picture about market sentiment.
Educational content contains advanced information, not just some basic topics like “what is forex”, “why trading forex is good”, and so forth. I find it very interesting and apply all those new strategies in real trading. Also, when I had to withdraw my first profits from xlence deluxe account, I got some minor issues, but customer support reacted quickly and assisted competently.

Negative: I don’t know the reason for emphasizing zero commissions on all account types if you charge fees on indices. It would be great to have zero fees on indices in the future too.

Summary: I liked their instruments lists, especially commodities (corn, wheat - I do these most of the time, and more rarely - soybeans). Though it's been 5 months only, I can say that the platform is very comfortable for these assets especially. Liked to place stop limit orders, mt5 handles it very well. I'm still exploring the platform though...

Positive: The mt5 platform that let me learn a lot - from just observing price trends to placign orders. All's working smoothly and rather quickly.
Another good thing I noticed about the broker is how organized and structured their support feedback. I receive well-detailed feedback to all my requests I send them regularly.

Negative: It's not a drawbacl actually but I wanted to see some of soft commodities and those related to agriculture. That would be nice to have for trades like wheat and corn which I do.

Summary: On average my experience with xlence was decent and fairly smooth. Trading across assets like forex pairs (mine was gbp/jpy), commodities (gold, oil) was easy to manage within the same platform. Charts were responsive, switching between different markets felt seamless. Demo testing strategies was straightforward. Starting with demo gradually exploring different assets to get comfortable would be good especially for newbies.

Positive: What I liked most about xlence is that it offers MetaTrader 4… so it feels familiar if you’ve traded before. Especially for trial trades when testing in demo. Charts load fast, the interface is clean. Setting up trades / testing strategies has been simple (used different stuff like oscillators a lot).
Also liked that the platform allows switching between accounts or checking positions and it straightforward. The mobile version works well too. On my android was convenient for quick trades when not at my desk...

Negative: I read reports of slow withdrawals and extra verification steps. It made me cautious with larger deposits. For some advanced analytics you gotta need MT4 add-ons - it can feel a bit clunky.

Summary: I would recommend, but only if you go through the long step-by-step process that I used. For me it worked very well, and I think its certainly lower risk than most approaches.

Positive: They have not only demo account, but in the end they also have Cent account, which helped me a lot at the very start. They hve great progression: demo->cent -> essential -> deluxe etc. Very step by step, and once I got deluxe, I realized I'm already a good trader, and don't need to worry much now.

Negative: I guess they should have more users, but they have high standards, possibly too high. The low-end users are not attracted to this product enough.

Summary: Been on demo for a week or so, and so far Im satisfied with what I get. There may be some negatives, but any broker has both strong and weak sides. In case of xlence, things related to trading and conditions are okay, thats' why Im still here and building confidence to hop on live trading. Its going to be an essential account for sure, but their account structure give some serious motivation because price can be cut by 50% which is a lot, though the accounts probably have their requirements.
Whats more important is that xlence seems like a reliable broker, havent seen any problems with them. They were even on ifx expo, thats a good sign.

Positive: Tbh it was fairly easy to open up and set up and account here, good UX in member area, its important.

Negative: Not impressed by overall asset selection on shares, its still a bit limited. There can be way more like 1000+ and with more territories like western markets maybe Korea, Japan and China. This can make share trading even more popular here.

Summary: Some interesting format of education, it's audio based mostly. Watched the full podcast on YT and I gotta tell you it was full of nice insights. Perhaps its difficult to incorporate that kind of information directly to your trading - it's nice to have a broader perspective on how market operates and what are the forces driving the price right all the time. Still I like this format much better than just text they used to have!! because that was super boring, and sorry for criticism ...

Positive: Support is quite professional, they know what they are doing and all the time Igot quality service with fast and helpful answers.
Price is quite alright for popular pairs as well, even on essential account it was nice.

Negative: I've known xlence enough time to separate it's cons from pros, and there are some cons too, hopefull they'll take it as advice and not hate!
Design of the members area can be better, like a trading platform with custom TV charts and etc.
And it's not so easy to find information on the website, it's limited - like the leverages on various specific assets like shares. Same goes to accounts and their min. deposits, this info should be displayed.

Summary: In general, I don’t have any objections about the Xlence performance. I trade everyday, depending on market conditions, I adjust my approach and focus on specific assets. For instance, XAUUSD and XAGUSD are the main focus for me.

Positive: Let’s be honest, charts don’t change much across platforms. But execution is the main difference between brokers. Xlence has been reliable in executing all my market and pending orders in a timely manner, while my previous brokers couldn’t boast of a large liquidity pool to support fast execution during critical moments on the market.

Negative: I’d like to see a new platform, probably tradingview or at least create your own mobile platform with new features and user interface.

Summary: The platform is okay, but it rewards you as you grow as a trader and as your trading account keeps growing. And I like that, because this broker is a good fit only if you are into the long-run. I managed to create a high-winning trading strategy on usdjpy, and I know that three months from now I'll trade with an account size which will bring me the daily profits I want.

Positive: Pretty solid leverage of 1000x which give great opportunity to grow an account with a high winning trading strategy as the one I currently use

Negative: The spreads on the essential are okay, i mean are not bad, but for better spread you need improved account level and higher deposit or patience to grow an account size

Summary: I’ve traded for a long time here, if I’m not mistaken it’s been 2+ years. I lost several deposits here, and over time, I’ve learned to focus more on risk than returns. I finally found a solid approach on how to stay consistent for long without deep drawdowns.

Positive: They offer enough accounts for flexibility. I guess it won’t create any problems for new users. Everyone will be able to choose the most suitable account that suits their needs. I checked all the terms and conditions carefully and I can say it’s worth it to upgrade the account from basic to higher levels. I started from an essential, and already upgraded it to prime status. Spreads are tight and commissions are free on most assets except for indices. It’s fine since I’m not into indices, so I think it’s a good choice.

Negative: The platform lacks advanced charting tools... It’s time to keep up with the trends, all brokers started adding the MT4 and the MT5 terminal. I think they should take it into consideration and work on it also.

Summary: The trading conditions are clear and easy to find and understand. No tricks here, not surprised later. I appreciate this level of transparency and honesty

Positive: Their reputation is really impressive and this is a pro in general because this is what made me open acc here

Negative: There is not suitable account offer for scalping or one with raw spreads

Summary: I’m running two algo bots at the same time on one VPS server, and it’s been paying me off nicely. Bot is very picky btw, and is compatible only with brokers that offer tight fees like xlence.

Positive: Fees are great! I already upgraded my account, and I could instantly feel that spreads got tighter. As for commissions, they don’t charge any, even with the essential account.

Negative: When I requested the VPS server, the response was kinda slow ngl.

Summary: I’ve been here for 2 years already, and seeing such a stable operation for all that time, tells me about how reliable this broker is.

Positive: I’ve experienced platform freezes elsewhere. Here, stability was fine, even after one of the biggest crashes on XAGUSD and XAUUSD.

Negative: Maybe they should add more features for TA and FA methods. I mean fancy add-ons.

Summary: What made me open account with Xlence was a friend who traded with them and had no issues with any of the services, including withdrawals. Knowing that the platform is reliable from a person that actually have traded here was reassuring.

Positive: They keep their clients engaged and updated with the market news. Their podcast is very useful in this regard.

Negative: I only wish the entry requirements for more advanced account levels were more affordable and accessible for average traders, not only for high-rollers