In this XLNTrade Review, we are going to take a look at the offer that this broker prepared for its traders. XLNTrade operates on the financial market since 2018. When it comes to trading platforms, the broker features MetaTrader 4. The XLNTrade minimum deposit is 100 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this XLNTrade Review
Website address: | xlntrade.com |
Operated by: | Eqron Ltd |
Licensed and authorised by regulatory bodies: | FSA |
Supported languages: | English, Spanish, French and Italian |
Customer support available via: | E-mail, phone, live-chat |
Contact details: | [email protected] N/A |
Available deposit methods: | Debit and Credit Cards, bank wire |
Available withdrawal methods: | Debit and Credit Cards, bank wire |
Minimum deposit: | 100 USD |
Min. trade in lots: | 0.01 |
Spreads: | Typical spread on the currency pair EUR/USD - 3,0 pips * on standard account type |
Tradable assets: Might be a CFD. | Forex (47), indices (15) |
Mobile app: | |
MetaTrader 4: | |
Other trading platforms: | |
Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:300 |
Social trading: |
XLNTrade Fees (typical spreads)
We have scanned fees (typical spreads) that XLNTrade charges when trading popular currency pairs, here is their breakdown in pips.
EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
---|---|---|---|---|---|
* | 3,0* | * | * | * | * |
*Typical spreads were recorded on 17.09.2020 at 09:57 for the standard account. XLNTrade spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: CVCMarkets, UpForex, FXCC and TopForex
Frequently Asked Questions
🧐 Is XLNTrade a Scam?
In accordance with our research, XLNTrade is a broker licensed and regulated by the FSA. While it is a good thing that the broker is regulated, the FSA regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that XLNTrade is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the XLNTrade minimum deposit?
In order to start trading with XLNTrade, you have to deposit at least 100 USD (Trading accounts can also be held in USD, EUR).
📵 What deposit and withdrawal methods XLNTrade supports?
⚖️ Would you recommend me choosing XLNTrade?
We don’t have our own personal experience with XLNTrade. However, the broker is regulated by the FSA which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with XLNTrade.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
It is scam. They let you deposit and you can’t withdraw
SCAMMERS
Definitely a scam! They blame the market and the client for the losses!
Stay away!
It is scam. They let you deposit and you can’t withdraw. 10000% Cheating. Don’t Despot 1 rupess also.
Its 100% scam Egyptian guys no offence calling and after the deposit the ask you to deposit more so you can withdraw your money .
Omar the name of the scammer
everytime XLNTRADES ask me to deposit 1600 USD to withdraw my profits , is it correct or that is also a scamm ???
It’s scam, be careful.. they are just a group of thieves.