When it comes to the fast-paced world of online trading, choosing the right broker is important for your trading success.
Our team has reviewed a wide range of brokers and CFD providers and we have determined that one of the brokerages that stands out is Xlence.
The broker appears to be the top choice for traders who are looking for more flexibility in their trading, be it leverage, competitive spreads, or a robust and easy-to-use trading platform.
This Xlence review wants to address those concerns by traders who are looking to open a trading account or are seeking a better choice of services and tools for their trading.
Our Xlence review explores everything you need to know about the broker and its exceptional services.
Xlence Review: Important Things to Know
Xlence offers traders a wide range of resources and tools tailored to meet diverse trading needs.
Understanding what a broker can offer you and how they can improve your trading experience is paramount when it comes to your trading success and making informed trading decisions.
Xlence provides services that cater to traders at all levels. This Xlence review will show why it’s a top choice.
- Flexible Leverage: Xlence offers leverage up to 1:1000, allowing traders to boost their market exposure and potential success. Leverage is a double-edged sword and can easily lead to losses, this is why the broker allows you to adjust your leverage and pick one that fits your requirements and level of experience.
- Low Spreads: The broker ensures cost efficiency with razor-thin spreads, making trading more accessible and less costly.
- Fast Execution: Their execution is lightning-fast and ensures that you will never miss a market opportunity.
When we conducted our Xlence review, we tried to be objective and test these features in a real-time trading environment, ensuring that the broker’s promises are actually quite true.
- Hassle-Free Transactions: Deposits and withdrawals are seamless, giving you more time to focus on trading.
- Dedicated Customer Support: Xlence provides expert customer service to resolve any issues promptly and professionally.
Xlence Review: First Things First
For new traders, understanding how to get started with Xlence is simple and straightforward. When we first encountered this broker, we were quite impressed with how easy onboarding was.
Step One
Choose Your Account: You can start by selecting an account type that matches your trading style. You have a few options: Xlence Essential, Prime, Deluxe, and Ultimate accounts, each with unique features.
- Xlence Essential: Perfect for beginners, this account offers live floating spreads with EUR/USD spreads starting at 1.1 (min) and 1.4 (average). Enjoy flexible leverage up with no commission, making it a cost-effective choice for new traders.
- Xlence Prime: An upgrade from the Essential account, Prime offers tighter spreads starting at 0.9 (min) and 1.2 (average) for EUR/USD. This account also includes dedicated account managers for enhanced support.
- Xlence Deluxe: Designed for experienced traders, this account features spreads as low as 0.6 (min) and 0.9 (average) for EUR/USD. With competitive trading conditions and no commission (except for select instruments), it caters to professionals seeking advanced features.
- Xlence Ultimate: The Ultimate account offers the tightest spreads, starting at 0.4 (min) and 0.7 (average) for EUR/USD. This account is ideal for traders who demand premium trading conditions and personalised
Step Two
Explore the Platform: Xlence’s MetaTrader 4 (MT4) platform is available across desktop, mobile, and web browsers. It caters to both beginners and professional traders. In this Xlence review, we see how the platform can boost your trading experience.
MetaTrader 4 (MT4) is a globally recognised trading platform known for its user-friendly interface and robust capabilities.
Since its launch in 2005, MT4 has become the go-to choice for traders of all skill levels. At Xlence, MT4 is tailored to meet the diverse needs of its clients, ensuring fast execution, competitive pricing, and exceptional trading conditions.
- The platform’s flexibility is one of its standout features. With compatibility across Windows, macOS, Android, iOS, and a web-based version, MT4 ensures traders can stay connected to the market anytime, anywhere. Key features include 30 built-in technical indicators, 23 analytical objects, customisable charts, and multiple timeframes. These tools help traders to perform comprehensive market analysis and develop informed strategies.
- Automated trading with Expert Advisors (EAs) is another highlight, enabling users to execute strategies with precision and speed. MT4’s strong emphasis on security ensures encrypted communications, protecting user data and transactions.
- By choosing Xlence’s MT4, traders can gain access to over 300 instruments across six asset classes, with the support of a multilingual team available 24/5. This makes MT4 at Xlence the ultimate platform for excelling in global markets.
- Start Trading: With flexible leverage and low spreads, you can confidently enter the market and begin trading CFDs across various asset classes.
Xlence Review: Some More Things to Know
Diverse Markets: Trades at Xlence can trade CFDs across six asset classes, including Forex, metals, indices, commodities, futures, and shares. This diversity allows you to build a well-rounded portfolio.
This Xlence review demonstrates how these options are essential for your trading journey.
- Customisable Accounts: At Xlence, traders have the option to upgrade their account as their trading needs evolve and change.
- Options like Xlence Prime and Deluxe offer enhanced features, including lower spreads and a dedicated account manager.
Xlence Review of Academy:
Xlence Academy provides bespoke resources designed to support traders of all levels. The Academy begins with foundational lessons, such as an introduction to Forex and trading strategies, and progresses to advanced topics like technical analysis, news trading, and risk management.
Lessons such as “Understanding Day Trading Key Characteristics” and “Building a Robust Trading Plan” ensure that traders are well-prepared for diverse market conditions.
Moreover, specialised topics, including scalping, swing trading, and trend trading, cater to traders with specific interests.
By combining theoretical knowledge with practical insights, Xlence Academy helps traders optimise their risk and money management techniques while gaining confidence in executing trades.
The focus on trading psychology underscores the importance of discipline and emotional control, which are very important for long-term market success. With resources accessible through multiple platforms and expert support always available, Xlence ensures that traders are never alone in their journey.
Detailed Spread Information
One of the key concerns for traders that we have noticed in many online reviews, and which we include in this Xlence review, is the costs involved in trading, especially those incurred from spreads.
We have explored Xlence’s spreads, and we have determined that their spreads are quite competitive.
| Currency Pair
|
Essential
|
Prime
|
Deluxe
|
Ultimate
|
| EUR/USD
|
1.4
|
1.2
|
0.9
|
0.7
|
| EUR/CHF
|
2.2
|
2.0
|
1.7
|
1.5
|
| EUR/GBP
|
1.5
|
1.3
|
1.0
|
0.8
|
| EUR/JPY
|
1.9
|
1.7
|
1.4
|
1.2
|
| GBP/CHF
|
2.7
|
2.5
|
2.2
|
2.0
|
For commodities like gold (XAU/USD), spreads range from 0.23 (min) for Essential to 0.18 (min) for Deluxe and Ultimate accounts.
Conclusion
Xlence’s flexibility and affordability allow traders to explore the markets with the ultimate security and efficiency. This Xlence review has outlined this broker’s key features and advantages. Open your account today to learn more by visiting Xlence.
All trading involves risk. It is possible to lose all your capital.
Read more:
Xlence Review: Excel in Trading