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Xlence

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Operating status: SCAM

Website: https://www.xlence.com/en/

Broker violations and abnormal records
  • 2025-07-02 BrokersView has found that Xlence appears to be a scam

    According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. 

    Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company.

    Given these red flags, Xlence exhibits characteristics of a fraudulent operation.

     

    According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company. Given these red flags, Xlence exhibits characteristics of a fraudulent operation.

Related Complaints

Q&A

Please help verify if xlence is operating legally

Md Fahidul Hasan
Malaysia
2025-07-01
ANSWER Dear investor, We strongly advise against engaging with Xlence, as it appears to be a scam. According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company. Xlence appears to be unregulated, raising serious concerns about its credibility. Given these red flags, Xlence exhibits characteristics of a fraudulent operation. To ensure the security of your investments, it is highly recommended that you avoid using such a suspicious platform.
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