✔️ Information reviewed and updated in June 2024 by Eduardo López

IS XLNTrade RELIABLE? OPINIONS

In this post I will analyze XLNTrade. Is the XLNTrade broker reliable? Can we trust a company of this type?

In a few words I will explain to you why I think that the XLNTrade broker is not a reliable company.


ℹ️ BROKER DATA:

In this box I will mark some of the most important characteristics of the broker. I show you some of the most important characteristics about this company.

InformationAbout the company
Company typeCFD broker, stocks, raw materials, indices, forex and cryptocurrencies
(I.e. CompanyXLNTrade Group (Securcap Securities Ltd and Wanakena Ltd)
🕑 Website ageYour registration date was: January 5, 2016
📄 RegistrationNot mentioned
🛡️ RegulapainFSA
???? AddressSeychelles and mentions being falsely located in Cyprus
🌐 Websitexlntrade.com
📧 Email[email protected]
️ ️ PhoneDoes not have
???? Live ChatYes
💳 Payment methodsCredit card, Visa, Mastercard, Neteller, Skrill and paysafecard

📞 LIST OF PHONE NUMBERS:

The company does not mention any contact telephone number. The lack of means of contact makes me a little nervous. It is not normal.


💰 DEPOSITS AND ACCOUNTS:

XLNTrade does not offer different types of accounts.


🌐 WEBSITE – WEBSITE:

Below you will see the company's website and a small analysis about the website:

XLNTrade website
XLNTrade website
  • Age of the website: the domain “xlntrade.com” was registered on January 5, 2016. 🚩
  • The company mentions being regulated by a very unsafe regulator, such as the regulator of Seychelles . 🚩
  • The website mentions which company it belongs to: “Securcap Securities Ltd” and “Wanakena Ltd”. Both companies seem to be linked to other brokers with a very bad reputation. Be very careful. 🚩

⭐ XLNTrade OPINION:

After having carried out an analysis of the company, I have come to the following conclusions:

1) The company is located in an unsafe place such as Seychelles. I recommend extreme caution.

2) The company mentions being regulated by a very unsafe regulator such as Seychelles.

3) The company has a very bad reputation on the internet, I have already been able to find customer complaints.

4) XLNTrade appears to be linked to a number of companies with a large number of complaints.

XLNTrade

“In a few words and summarized: it is a broker located and regulated in a very unsafe place. In addition to this, it has a large number of complaints on the internet. Are you sure you want to trust such a company?”


💬 WHAT TO THINK OF A COMPANY LIKE XLNTrade?:

XLNTrade has gained a notably negative reputation due to a number of worrying indicators. Firstly, the company claims to be regulated by authorities in Seychelles, a jurisdiction known for its lack of seriousness and lack of effective supervision compared to other more reliable financial regions. This choice of regulation raises serious questions about the integrity and security of XLNTrade's operations, as it suggests a lack of protection for clients and an increased risk of unethical activities by the broker.

In addition to these worrying aspects, numerous online customer complaints corroborate XLNTrade's negative reputation. These complaints, ranging from customer service issues to withdrawal issues, suggest questionable business practices and a lack of commitment to customer satisfaction.

In addition to everything mentioned, the website mentions that they belong to “Securcap Securities Ltd” and “Wanakena Ltd”, both companies seem to be linked to a series of brokers with a really very bad reputation.


📣 LATEST UPDATES:

2024: the broker would be linked to other brokers with a very bad reputation such as: zenstox.com, prostoxfx.com, finansero.com, ontega, Fortissius, XLNTrade, 70Trades, Finance, TradoCenter, WARREN BOWIE & SMITH, A3Trading, Capex, ubanker.

2024: the owner of these brokers would be Mr. “Mr. Ricardo Coronel Castro” , also previously involved in the IFOREX broker. The information we received mentions: “RICARDO CORONEL MEXICAN-SPANISH CASTRO, WITH ITS GANG OF CRIMINALS: ISRAELITES, MEXICANS, SPANISH AND COLOMBIANS, MAKING SCAM THROUGH: ONTEGA, XLNTRADE, WARREN BOWIE AND SMITH LATAM AND CAPEX AMONG OTHERS. THE SPANISH AUTHORITY ALREADY FINED THEM FOR DOING THE SAME SCAM. Also the lord Claudio Stryjer"

2024: The real addresses of the offices, according to information we have received: 1) Calle Nuevayork #115 CDMX (Sales, people who are talking to you for the first time) 2) Calle tehuantepec #118 Roma Sur CDMX. Under the names “MarkeTiT” / “Contractech” / “EXTREMELY TECH”. “They have offices in Pachuca.”


✔️ CLAIM MONEY FROM XLNTrade:

If you have been scammed, then I explain, in my opinion, one of the most effective methods to recover capital. If you do it on time and with a serious company, it is highly effective.

We work with a capital recovery service. here you can recover your capital.

In a few words, we use the chargeback method or capital withdrawal, with this method what we do is ask the bank or Visa, or Mastercard (depending on how we send the money), to return our capital, since we have been scammed. In order to recover it, we have to prove that we have indeed been scammed.

Claim your money now!

If you have been scammed, it is the option that I recommend, we work with a totally serious and safe capital recovery company.


❓ FAQS – FREQUENTLY ASKED QUESTIONS:

What is XLNTrade?

XLNTrade is a broker for CFDs, stocks, commodities, indices, forex and cryptocurrencies.

Is XLNTrade trustworthy?

I really consider it to be a very unsafe broker. I do not recommend it.

Is XLNTrade a scam – is it scam?

I really think it is a very unserious company and I do not recommend it.

How to get money back from XLNTrade?

If you have lost your money or been scammed, I recommend you try the capital recovery service.

Which broker is reliable to invest?

If you want to know a safe and reliable company, I invite you to see the ranking of best brokers and you can also check the 3 best brokers of the month.


Eduardo Lopez

Editor and Copywriter

I am Eduardo López Martínez, I was born in Madrid, Spain and I am 48 years old. I am a journalist and I am part of the Brokersdeforexconfiables.com team. Do you want to know a little more about me? I invite you to read my biography.

See publications of Eduardo López

Review Rating

71 comments on «IS XLNTrade RELIABLE? OPINIONS»

  1. Hallal Reply

    After being a victim of a scam, I discovered that the person responsible is a Mexican and some men from Israel. This guy controls several brokers in different countries, all dedicated to defrauding investors. It is crucial to stay alert and not be fooled by the constant calls from your call center agents, who promise high returns to hide the true risks.

    They always take your money and then ask for more, using deception about supposed benefits or any other excuse to get you to continue investing. Don't trust them, they are masters in the art of scamming.

    • reliableforexbroker.com Reply

      Hello Hallal, this broker called XLN Trade is a SCAM (they are part of a criminal gang organized to scam and led by Ricardo Coronel Castro, (they use several brands such as zenstox.com, prostoxfx.com, finansero.com, Ontega, Fortissio, Warren Bowie & Smith, Financika, TradoCenter, A3Trading and Capex ), many investors have denounced Warren Bowie & Smith for fraudulent activities, it is not advisable to invest money in an UNREGULATED broker. It's a SCAM and does not return money to its customers.

      ALL positive comments from this broker are FALSE, they are made by their own workers to confuse investors, flood social networks with positive messages about them and it's all FALSE! and when customers ask them about our reviews they say we are from the competition, also FALSE!.

      If they force you to pay some type of tax, legalization or something similar, do not even think about doing it, that indicates that they are a fraud since those taxes don't existThey ask for it so they can steal more money from you.

      We recommend to all those affected recover the money from the CHAT what we have on the web or in the following link: Get your money back, we are on your side

      Greetings.

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