XIence has been flagged by The Dutch Authority for the Financial Markets for "Fraud and Other Types of Misconduct". The Netherlands Authority for the Financial Markets (AFM) warns consumers not to respond to offers from XIence. This company is a suspected boiler room, a form of online investment fraud. XIence has approached persons without being asked, to offer them investment proposals. A boiler room is a col... This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: https://www.xlence.com/nl/.
The mobile app from XIence is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: API access|Instant funding|Two-factor authentication
Cons: Minor UI glitches occasionally|Some tools only available on higher tiers
I invested $3,500 with XIence after seeing their professional-looking website. At first, everything seemed fine - they showed me impressive returns on my dashboard. But when I tried to withdraw, they kept making excuses. First it was "processing time," then "verification needed," then "you need to pay a tax fee first." I never got my money back. I have since reported them to The Dutch Authority for the Financial Markets.
Cons: Blocked my account|No legitimate license|Fake returns
After spending for the past year and a half trying to make XIence work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: No hidden fees|Educational resources
Cons: Website design could be more modern|Currency conversion fee exists
Do not be fooled by the professional-looking website. Behind the scenes, XIence is disorganized and incompetent. I found them after a family member had a good experience and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: API access|Tax reports included
Cons: Limited ETF selection
XIence offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Clear documentation|Stable platform|Segregated accounts
Cons: Nothing significant|Slow to add new assets
What really bothers me about XIence is the disconnect between their marketing and reality. They position themselves as a premium service but deliver a below-average experience. Found them from a blog post comparing services and I fell for the polished exterior. Never again.
Pros: Dedicated account manager|Multi-currency support
Cons: Limited ETF selection
After seeing ads for XIence online, I investigated. The company is listed in the IOSCO I-SCAN warnings database and has been flagged by The Dutch Authority for the Financial Markets. Their website looks professional but that means nothing - many scam operations invest heavily in appearance. Always check the regulatory warnings before investing.
Cons: Unauthorized firm|Found in IOSCO warnings database
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. XIence said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Social trading features|Good analytical tools
Cons: Inactivity fee applies after 12 months