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The WikiFX Score of this broker is reduced because of too many complaints!


Seychelles|2-5 years|
High potential risk|


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Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!


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No restriction on the broker account. Support service provided by WikiFX

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Company Name

Securcap Securities Limited

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Pyramid scheme complaint


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Warning: Low score, please stay away! 5
Previous Detection : 2024-06-14
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The SeychellesFSA regulation (license number: SD012) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The Seychelles FSA regulation with license number: SD012 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

XLNTrade · WikiFX Survey

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Pyramid scheme complaint

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.

2024-02-16 01:38
Unable to Withdraw

$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

2023-04-13 11:57

    XLNTrade · Company Summary

    Registered in Seychelles
    Regulated by No effective regulation at this time
    Year(s) of establishment 2-5 years
    Trading instruments Currency pairs, indices, commodities, metals, energy, stocks, cryptocurrencies
    Minimum Initial Deposit Information not available
    Maximum Leverage 1:200
    Minimum spread Information not available
    Trading platform own platform
    Deposit and withdrawal method VISA, MasterCard, Bank Transfer, Neteller, Skrill, PaysafeCard, Payretailer, SafetyPay, Bitwallet and iWallet.
    Customer Service Email/ phone number/ address
    Fraud Complaints Exposure Yes

    General information

    XLNTrade is an offshore Forex brokerage registered in Seychelles. It offers a diverse range of financial instruments, including stocks, commodities, indices, currencies, and cryptocurrencies. While XLNTrade provides a user-friendly trading experience, it's important to note that its claimed FSA regulation (license number: SD012) is suspected to be a clone. Traders should exercise caution and carefully consider the regulatory status before engaging with XLNTrade.

    XLNTrade's platform offers various features and tools, including mobile and browser-based trading platforms. They provide customer support through phone, email, and live chat during business hours. Additionally, XLNTrade offers educational resources such as daily market analysis, webinars, trading courses, video tutorials, and personalized training sessions.

    Traders should be aware that XLNTrade's website does not provide specific details about account types, spreads, commissions, or non-trading fees. It's recommended to contact XLNTrade directly or consult their customer support for accurate information on these aspects. Traders should also carefully review the terms and conditions associated with deposit and withdrawal methods.

    In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on.

    We will also briefly summarize the main advantages and disadvantages so that you can understand the broker's characteristics at a glance.

    General information

    Pros and Cons

    XLNTrade is a trading provider that offers both advantages and disadvantages for traders to consider. It is important to evaluate these factors based on individual preferences and requirements.

    Pros Cons
    None Concerns about legitimacy of claimed FSA regulation
    Lack of specific details on account types, spreads, commissions, and non-trading fees
    Need for direct contact to obtain accurate information

    Is XLNTrade Legit?

    The SeychellesFSA regulation (license number: SD012) claimed by this broker is suspected to be clone. Please be aware of the risk!


    Market instruments

    Currency pairs, indices, commodities, metals, energy, stocks.....XLNTrade allows clients to access a huge range of trading markets. Therefore, both beginners and experienced traders can find what they want to trade on XLNTrade. Cryptocurrencies are also currently available.

    Stocks: Trading stocks is popular and easily accessible due to technological advancements. Stocks represent ownership shares in companies, and their value is influenced by supply and demand forces. XLNTrade provides trading opportunities for popular stocks like Apple, Amazon, Facebook, General Electric, Google, LinkedIn, and Yahoo, among others.


    Commodities: Commodities are divided into three main categories: energy (crude oil, natural gas), metals (gold, silver, platinum), and agricultural (sugar, coffee, rice). Trading commodities requires caution as they can be affected by unpredictable events such as natural disasters. However, some traders consider commodities a good investment during periods of market volatility. Gold, for example, is often seen as a safe-haven asset.


    Indices: Indices consist of a collection of stocks within a specific industry. Traders speculate on whether the value of the index will rise or fall. As indices comprise multiple stocks, they can be volatile. XLNTrade offers trading opportunities for popular indices like S&P 500, FTSE 100, NIKKEI, and DOW JONES, among others.


    Currencies: The foreign exchange (Forex) market is the largest financial market globally. Currencies are traded in pairs, such as EUR/USD, where one is bought while the other is sold. XLNTrade provides trading options for popular currency pairs like EUR/USD, GBP/EUR, CAD/CHF, AUD/USD, and NZD/JPY. The Forex market is speculative, and trades are conducted electronically without physical currency exchange.


    Cryptocurrencies: Cryptocurrencies are digital assets that use blockchain technology and cryptography for secure transactions. Bitcoin, the first cryptocurrency, was launched in 2009 and has paved the way for numerous other cryptocurrencies. XLNTrade allows traders to trade popular cryptocurrencies, taking advantage of their volatility. Cryptocurrencies offer opportunities for traders seeking exposure to this emerging asset class.

    Here is a comparison table of trading instruments offered by different brokers:

    Broker Forex Metals Crypto CFD Indices Stock ETF
    XLNTrade Yes Yes Yes Yes Yes Yes No
    FxPro Yes Yes Yes Yes Yes Yes No
    RoboForex Yes Yes Yes Yes Yes Yes Yes
    Pocket Option Yes Yes Yes Yes Yes Yes No

    Spreads and commissions for trading with XLNTrade

    XLNTrade does not provide specific information about spreads and commissions on its website. These trading costs are important factors to consider when evaluating the overall profitability of trading with XLNTrade. Spreads refer to the difference between the buying and selling prices of a financial instrument, and commissions are fees charged by the broker for executing trades. It is common for brokers to have different spreads and commission structures depending on the type of account or trading instrument. Traders should carefully consider these costs as they can impact their trading results. To obtain accurate information about spreads and commissions, it is recommended to contact XLNTrade directly or consult their customer support.

    Non-Trading Fees

    XLNTrade imposes certain non-trading fees that traders should be aware of. One such fee is the inactive account fee. If there is no activity in an account for a period of at least three months, XLNTrade reserves the right to charge a fee of US$ 500 on a quarterly basis. However, if the account is funded with less than US$ 500 and remains inactive for three months, a lower fee may be charged to cover administrative expenses, and the account may be closed.

    Additionally, XLNTrade applies a rollover fee for positions held overnight. This fee is calculated as 0.02% of the overnight exposure for indices, currencies, stocks, and commodities, while it is 0.50% for CFDs on cryptocurrencies. It is important to note that these fees are related to the high volatility of these instruments.

    XLNTrade follows a no slippage policy, which means that there are no additional charges on spot orders during normal forex market conditions. The broker provides fixed spreads for the ask (buy) and bid (sell) prices, ensuring transparency and consistency in pricing. Spot orders are executed at the quoted price provided by the trader.

    Traders should carefully review the terms and conditions provided by XLNTrade or consult with their customer support to get a complete understanding of the non-trading fees associated with trading on their platform.

    Account Types for XLNTrade

    We tried to figure out the account types this suspicious broker offers, but we couldn't and it didn't reveal such information in their website starting the type of accounts, their features and the minimum deposit required by the company, which we can consider a red flag.

    How to Open an Account?

    1. Visit the XLNTrade website. Look for the “OPEN AN ACCOUNT” or “LOGIN” button on the homepage and click on it.


    2. Sign up on the websites registration page.


    3. Receive your personal account login from an automated email

    4. Proceed to deposit funds to your account

    5. Download the platform and start trading

    Trading platforms offered by XLNTrade

    XLNTrade offers two trading platforms: the Mobile Platform and the Trading Platform.

    The Mobile Platform is a free mobile application available for iOS and Android devices. It allows clients to trade directly from their mobile phones or tablets, providing access to global markets at any time and from anywhere. With this state-of-the-art app, users can monitor price movements, receive live currency quotes, and stay updated on market news and analysis. The mobile platform also offers multiple order types, real-time pricing and charts, and around-the-clock multi-lingual support.


    The Trading Platform provided by XLNTrade is a user-friendly platform accessible through any browser. It offers clients a comprehensive set of tools to access the financial markets and trade successfully. The platform features real-time graphical information, event updates, and news feeds to help clients stay informed. It supports one-click trading, ensuring instant trade execution without the need for re-quotes. The platform also includes an advanced charting system, multiple charting options, and a wide range of tools and analytical instruments. Additionally, it offers market and pending orders, along with specific features tailored for both beginners and professional traders. Clients can also receive 24/6 support directly from the platform.


    Leverage offered by XLNTrade

    XLNTrade provides different leverage levels for various trading instruments:

    - Forex, Gold, Silver, CL, and Brent: Leverage of 1:200.

    - Commodities: Leverage of 1:100.

    - CFD on Indices: Leverage of 1:100.

    - CFD on Shares: Leverage of 1:10.

    - 5 Protected Positions: Leverage of 1:20.

    - CFD on Cryptocurrencies: Leverage of 1:2.

    These leverage levels indicate the ratio between the trader's invested capital and the amount they can control in their positions. Higher leverage allows traders to have greater exposure to the market and potentially amplify their profits. However, it's important to note that higher leverage also increases the risk, as losses can be magnified. Traders should carefully consider their risk tolerance and use leverage responsibly in their trading strategies.

    Here is a comparison table of maximum leverage offered by different brokers:

    XLNTrade FxPro RoboForex Pocket Option
    Maximum Leverage 1:200 1:200 1:2000 1:500

    Deposit and withdrawal methods and fees

    XLN Trade says they accept payments with major credit and debit cards like VISA, MasterCard, Bank Transfer, Neteller, Skrill, PaysafeCard, Payretailer, SafetyPay and two crypto wallets – Bitwallet and iWallet. However, further information like minimum amount, additional fees, time of procedures are not revealed.

    deposit and withdrawal

    Customer support of XLNTrade

    XLNTrade provides customer service to address any questions or concerns regarding its products and services. Customers can reach out through various means of communication, including phone, email, or live chat. They are dedicated to ensuring the best trading experience for their users and welcome suggestions and recommendations for improvement.

    The customer service operating hours are from Monday to Friday, 08:00 to 19:00 GMT+2, allowing customers to seek assistance during regular business hours. The head office address of XLNTrade is located at Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles.

    For inquiries or support, customers can contact the customer service team via email at This email address is specifically designated for customer service-related matters.

    XLNTrade's registered address belongs to Securcap Securities Limited, situated at Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles. The company is licensed by the Seychelles Financial Services Authority under License No. SD012.

    Below are the details about the customer service.

    Language(s): English, Arabic, Spanish, Portuguese

    Service Hours: 24/6


    Phone Number: +525588970380

    Address: Suite C, Orion Mall, Palm Street, Victoria, Mahe, Seychelles

    customer support

    Users exposures on WikiFX

    On our website, you can see that some users have reported scams. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

    users' exposure

    Educational Resources and Community Support

    XLNTrade provides educational resources and community support to assist traders in their trading endeavors. They offer tools such as daily market analysis, price alerts, trader sentiment indicators, and an economic calendar. Additionally, XLNTrade provides educational materials including webinars, trading courses, video tutorials, and eBooks to help traders learn independently. They also offer personalized training sessions with experienced traders to provide in-depth insights and knowledge.


    User Experience and Additional Features

    XLNTrade offers a tool called Autochartist to enhance the user experience for traders. Autochartist is a scanning tool that provides technical analysis, helping traders save time and make better trading decisions. It offers features such as daily market reports, volatility analysis, automated technical analysis, probability filters, and more. The tool is designed to cater to both beginner and experienced traders, providing them with valuable insights and aiding in trade analysis and strategy development.



    In conclusion, XLNTrade is a trading provider that offers a diverse range of financial instruments and user-friendly platforms. However, traders should exercise caution due to concerns about the legitimacy of its claimed FSA regulation. The lack of specific information on account types, spreads, commissions, and non-trading fees is another drawback. It's recommended to contact XLNTrade directly or consult their customer support for accurate and detailed information. Traders should thoroughly research and consider the regulatory status and other factors before engaging with XLNTrade.


    Q: Is XLNTrade regulated?

    A: XLNTrade claims to be regulated by the FSA (license number: SD012). However, there are suspicions that the claimed regulation may be a clone. Traders should be cautious and conduct thorough research before trading with XLNTrade.

    Q: What financial instruments does XLNTrade offer?

    A: XLNTrade offers a wide range of financial instruments, including stocks, commodities, indices, currencies, and cryptocurrencies.

    Q: What is the minimum deposit requirement for XLNTrade?

    A: The minimum initial deposit amount required by XLNTrade is 200 USD.

    Q: What leverage does XLNTrade offer?

    A: XLNTrade provides different leverage levels for various trading instruments, ranging from 1:2 to 1:200, depending on the asset class.

    Q: Are there any trading fees associated with XLNTrade?

    A: XLNTrade does not provide specific information about spreads and commissions on its website. Traders are advised to contact XLNTrade directly or consult their customer support for accurate information on trading fees.

    User Reviews

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    more than one year
    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.
    2023-02-23 09:20
    more than one year
    We can easily see on wikifx that XLNTrade is an unregulated forex broker and they have scammed some people. Please keep an eye on yourselves and never invest rashly...
    2023-02-14 15:57
    more than one year
    It's hard to believe that this company didn't tell me the minimum amount of money needed to open an account. Considering that it doesn't have any reliable regulatory license, I wouldn't trade here.
    2023-02-02 12:12
    more than one year
    Horrible, I saw several people say they were scammed! It is recommended that everyone be vigilant when trading currencies, better safe than sorry!
    2022-12-15 16:27
    more than one year
    I did not find detailed information about the distribution on the XLNTrade website, so I tried to contact their customer service. But not only did they take a long time, about 6 hours to answer me, but the answer was not very clear. In addition, I also found that this company does not have reliable supervision and there are some negative reviews on wikifx.
    2022-12-02 09:46


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