FSA — Australia
TRADECO LIMITED
Offshore Regulation · No. SD029
Xlence Review — Overview
Regulation
Tier-1 regulated
Licence
FSA · No. SD029 • BY
Licence status
Offshore Regulation
Platforms
MT4 and MT5
Max. leverage
1:1000
Instruments
Forex, metals, indices, commodities
Typical spread
From 0.18 pips
Operating
Est. 2003
Main market
DE
Entity
TRADECO LIMITED
Website
Unknown
Xlence is a forex & CFD broker based in Seychelles, established in 2003. On Trust Broker Hub it holds a Trust Score of 5.9 out of 10, which we rate as Fair — above the industry average of 3.3/10. Mixed profile — check regulation and conditions before depositing.
Crucially, Xlence is regulated by FSA and BY, including at least one tier-1 regulator. Tier-1 regulation is the strongest sign of legitimacy: it normally requires segregated client funds, regular audits and access to a compensation scheme if the broker fails — meaningful protection for your money.
Xlence provides access to Forex, metals, indices, commodities. Published conditions include leverage up to 1:1000. No complaints are currently on record. Overall, Xlence has a mixed profile: check its regulation and conditions carefully before depositing.
Trust score breakdown
How is this calculated?Trust Score history
Xlence currently scores 5.9/10. The trend line will build here as the Trust Score is re-evaluated over time.
Pros
- Regulated by a tier-1 authority
- No unresolved complaints on record
- Listed in our verified broker directory
Cons
- Always verify the licence directly before depositing
Regulation
Tier 1 · Top
Verified
BY — United Kingdom
TRADECO LIMITED
Licence
Tier 3 · Offshore
Verified
Offshore (tier-3) regulators typically have lower capital requirements and no compensation scheme. Funds may not be protected if the broker fails.
Trading conditions
| Instruments | Forex, metals, indices, commodities, futures, and shares |
| Minimum deposit | Not disclosed |
| Maximum leverage | 1:1000 |
| Typical spread | From 0.18 pips |
| Platforms | MT4 and MT5 |
| Demo account | ✅ |
We mark unverified fields as “Not disclosed” rather than estimate them.
Our verdict on Xlence
Our analysis · editorial
5.9/10
A mixed risk profile
Xlence holds a tier-1 regulatory licence among its 2 registrations (FSA, BY). Based in Seychelles, it has been operating for about 23 years. We have no complaints on record against it. Weighing regulation, track record and complaint history, our Trust Score is 5.9/10 — a mixed profile.
Strengths
- Authorised by a tier-1 regulator (FSA, BY)
- Holds 2 regulatory licences across multiple jurisdictions
- Long 23-year operating track record
- No complaints on record with us
- Supports MT4 and MT5 trading
Watch-outs
- Very high leverage available (1:1000) — amplifies risk
Bottom line: Proceed with caution: start with a small deposit and test a withdrawal early.
This is Trust Broker Hub's data-driven editorial assessment — not a user review. It is generated automatically from regulation, licensing, company age and complaint records, and updates as those change.
User reviews
5 0
4 0
3 0
2 0
1 0
Xlence — Questions & Answers
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Complaints & alerts
No complaints or regulator warnings on record
We monitor regulator alert lists and user reports. We'll flag Xlence here if that changes.
Full specifications
Regulated region
Seychelles
Operating period
1-2 years
Main market
DE
Licensed entity
TRADECO LIMITED
License status
Offshore Regulation
Instruments
Forex, metals, indices, commodities, futures, and shares
Year founded
2003
Frequently asked
Is Xlence a safe broker?
Xlence scores 5.9 / 10 on our Trust Score, above the 3.3 industry average. It holds tier-1 regulation, which offers strong investor protection. It has no complaints on record. Trade only with funds you can afford to lose.
How is the Xlence trust score calculated?
The score weighs five factors: regulation tier, transparency of disclosures, operating footprint, user sentiment, and complaint history. Each is scored out of 10 and combined into the overall figure shown at the top. Read our methodology.
What does "offshore regulated" mean?
It means the broker's licence comes from a jurisdiction with lighter requirements than tier-1 regulators like the FCA or ASIC. There's usually no compensation scheme, so recovering funds can be difficult if the broker fails.
Can I withdraw funds easily from Xlence?
Xlence publishes some trading terms, but always confirm withdrawal fees directly. Test with a small amount first and document every transaction.