Xlence Review

Xlence Account Types

Xlence broker offers traders four distinct account types, Essential, Prime, Deluxe and Ultimate, plus a swap-free account for Islamic clients.

All Xlence trading accounts offer the same leverage up to 1:1000, a minimum deposit of $0, EUR/USD spreads and support USD, EUR and GBP base currencies. The key difference lies in the spread structure, which narrows as you move up the tiers. See our comparison table below:

As can be seen from the table above, all Xlence accounts share the same leverage, margin call and stop-out levels, but the real differentiation is in the spreads. For example, on EUR/USD, the Essential account type starts at approx. 1.1 pips, whereas the Ultimate account offers spreads from as low as 0.4 pips. For active clients trading higher volumes, this spread reduction translates into significant cost savings.

Cost Example

Let us look at this cost Example (EUR/USD, 1 Standard Lot, Round-Turn):

Essential Account (1.1 pips): = $11 cost per lot
Ultimate Account (0.4 pips): = $4 cost per lot

Over 100 trades, that is approx. $1,100 on Essential versus $400 on Ultimate. This represents a $700 saving for active traders!

Which Xlence Account Should you choose?

Essential Account
This option is best for new traders who want to start with no minimum deposit. The wider spread (from 1.1 pips) makes it less cost-efficient for high-frequency trading, but the upside is that it is a low-barrier entry point for beginner traders.

Prime Account
This account is suited to traders with some experience, who value slightly tighter spreads (from 0.9 pips) without committing extra capital. It can be considered a balanced option for clients trading moderate volumes.

Deluxe Account
The Deluxe account is aimed at more active traders, offering spreads from 0.6 pips. This account is cost-effective for strategies like day trading and short-term swing trading, where spread differences add up.

Ultimate Account
This account is designed for high-volume or professional traders. Considering spreads start at 0.4 pips, the Ultimate account offers the lowest trading costs, making it particularly attractive for scalpers and algorithmic traders who need tight pricing.

Xlence Trading Assets

Xlence gives traders access to over 300 CFD products, across six major asset classes, covering everything from global currencues to stock indices. Clients can choose from more than 80 forex pairs, including majors such as EUR/USD, GBP/USD and USD/JPY, alongside commodoties such as Brent and WTI crude oil.

Trading CFDs on precious metals such as gold, silver, palladium and platinum is also available, while equity traders can choose from 150 individual stocks.

Altogether, Xlence’s asset list spans 150 stocks, 15 commodities, 30 futures and 20 indices, which makes it a versatile and ample choice for traders. The combination of assets offers extensive opportunities to speculate on both conventional and less conventional markets, which is not always the case with newer brokers.

Trading Conditions at Xlence

Spreads & Commissions

Xlence uses a transparent pricing model where spreads depend on the account tier (Essential, Prime, Deluxe or Ultimate) and there is no minimum deposit requirement. Traders can choose between fixed and floating spreads and costs decrease as you move up from Essential to Ultimate. In practice, EUR/USD spreads start from approx. 1.1 pips on the Essential account and are as low as 0.4 pips on Ultimate.

For most forex pairs, the accounts are commission-free, which keeps costs simple, although a $10 per lot fee does apply to certain products such as Index futures, FX futures and commodities.

Leverage

Xlence offers flexible leverage, with a maximum of up to 1:1000 available across all account types. Clients have the option to adjust the leverage from within the Xlence portal, as long as they do not have any open trades. It is quick, easy and effective immediately.

The broker does apply some limits during risky periods so traders will find that the maximum leverage on forex is reduced to 1:100 between 21:00 and 00:00 on Fridays as well as before any major economic announcements. Margin requirements are also raised on certain instruments at these times, which we assume is intended to reduce the likelihood of sharp losses during volatile conditions.

Xlence Customer Support

Xlence offers 24/5 customer support, operating from Monday to Friday between 10am and 7pm (GMT+2). Assistance is available in 20+ languages, which means that the broker can help clients from all over the world.

Traders can get in touch through the website, by email or via the contact form on the website. Live chat is also available through the website and Xlence client portal. 

According to our own tests, support staff are knowledgable to handle a variety of issues ranging from account verification, funding queries, promotions, platform troubleshooting to general trading questions. During peak times, clients may experience extended waiting time on live chat and if a representative is unavailable or live chat is offline, users can leave a message. 

Overall, Xlence’s multilingual support and live chat service give traders reliable ways to resolve issues quickly. The fact that queries are handled by human specialists rather than bots, strengthens its appeal as a trusted broker.

Educational Resources for Xlence Traders

Xlence places a strong emphasis on trader education and research. Its website hosts a full ‘Xlence Academy’, which is organised into four main learning paths: Introduction to Forex, Fundamental Analysis, Technical Analysis and Trading Strategies. This structured approach makes it easier for beginners to build their knowledge step-by-step and also allows more advanced traders, to get support where they need it.

Xlence also offers an economic calendar, financial news updates and regularly commentary from its analysts on social media to support traders.

In terms of research, Xlence has partnered with Trading Central to give its clients access to a suite of professional research tools, including advanced market analysis, AI-powered trading tools and a range of actionable indicators and insights.  Every verified account holder can test these premium features with a two-day free trial and full access can be unlocked with a deposit of at least $500, as long as one trade is placed every 30 days.

By providing extensive research and educational resources, Xlence gives traders both the theory and practical insights needed to improve decision-making. It also shows that the broker is supportive and committed to its clients.

Xlence Online Reputation: What Traders are Saying

Our research of online reviews across different platforms, shows that existing Xlence clients paint a largely positive picture of the broker’s reputation within the online trading community. Many traders highlight how straightforward it is to open and verify an account and often describe the on-boarding process as ‘quick’ and ‘hassle-free’. Funding options and withdrawals have also received praise for being smooth and transparent and many note that the client portal and website are ‘user-friendly’ and ‘reliable’.

Online traders also mention the stability of Xlence’s trading platforms (no noticable downtime) and the responsiveness and helpfulness of its support team. To us, this signals that Xlence is professional and it contributes to the overall sense of trust and satisfaction with its service.

How to Open an Account

Open an account with Xlence by following these simple steps:

1. Visit the Xlence homepage and click the Sign Up button.
2. Fill in the form by completing your details in each section.
3. Accept the Privacy Policy and click Open Account.
4. Your account will be created automatically and you will be able to access the secure client area where you can create a Demo or Live trading account.
5. To open a trading account, you will need to complete the ID Verification process. For any additional support, you can contact Xlence via Live Chat within the client area.