✔️ Information reviewed and updated in September 2024 by Pedro Martínez González
In this case we will analyze the renowned broker called XLNTrade. Can we really trust this type of online trading companies? Or do they just want our money?
Here we present a very, very complete analysis of the most important features of XLNTRADE. In this analysis, what we try to do is determine in a simple way the security of the broker. Is it a safe broker? We talk about location, regulation, complaints and comments from customers of the company, company to which it belongs and much more.
Read the review to be aware of all the most important features of XLNTRADE!
Basic Information
| 🌐 Website | XLNTrade.com |
| 🏠 Company* | Securcap Securities Ltd and Wanakena Ltd |
| ️ Regulatory | Seychelles (unsafe) |
| [email protected] | |
| 📈 Continental | Own platform |
| 📌 Address | Seychelles, Cyprus |
| 🕑 Website age | Website registered in: January 2016 |
| ❓ Company type | Broker for Stocks, Commodities, Indices, CFDs, Forex and Cryptocurrencies |
Company: The broker mentions being part of companies such as “Securcap Securities Ltd” and “Wanakena Ltd”.
Location: If we analyze the location of the broker, it is based in very unsafe places like Seychelles.
If we analyze the location of the broker and the companies to which it belongs, we are already somewhat worried, since the companies have a very bad reputation on the internet and the broker is located in a very unsafe place.
What is XLNTrade?
XLNTrade is a broker that gives us access to different financial products. Products such as: Shares, Commodities, CFDs, Forex, Indices and Cryptocurrencies
Account types
In the case of XLNTrade, we notice that the broker mentions absolutely nothing about having different plans or account types.
Information on the web
Here we introduce you to the XLN Trade website. The company's web address is “xlntrade.com” . The capture was made in May of 2024.
Contact: telephone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +525588970380, +525593027460 (Whatsapp)
– We have found the following email: [email protected].
- The broker also has a live chat and a contact form.
* XLNTrade regulation
We have analyzed the company's regulations in detail to determine whether or not it is a safe broker.:
The truth is that the broker has Seychelles regulation, a place and regulation that in our opinion are very unsafe. That is, you find yourself unprotected as a customer.
The broker has a very unsafe regulation, that of Seychelles.
🚫 XLNTrade final valuation 🚫
After analyzing XLNTrade in detail we have reached the following conclusions:
Location: The broker is located in a very unsafe place such as Seychelles.
Regulatory: The regulation, as well as the location, leave us very concerned. .
Security: Due to the companies to which the broker belongs, location and regulation, we consider that XLNTrade is a highly unrecommended company.
Customer comments or complaints: We have managed to find an alarming number of complaints and bad comments from customers of the company. Please be very careful.
This broker really worries us too much when issuing a rating about them. Firstly, its location in what is commonly known as a “tax haven” puts us on high alert.
Furthermore, the lack of regulatory oversight adds another layer of uncertainty. In an industry like online investments, today, investing in a regulated broker in a place like Seychelles is considered too dangerous for the client. Think that without good regulation you are basically 100% unprotected.
In addition to this, when searching on the Internet, on other XLNTrade rating and comment websites, we found an alarming number of complaints, bad comments and generally negative evaluations of the company by customers who apparently felt completely dissatisfied with the service. XLNTrade.
XLNTrade Video Review
Updates
News about XLNTrade:
| Date | Update – news |
|---|---|
| May 2024 | According to information received, new linked brands would be: zenstox.com, prostoxfx.com y finansero.com (BE VERY CAREFUL WITH THEM!) |
| May 2024 | According to information received, the broker would be linked to other companies such as ontega, Fortissius, Warren Bowie, 70Trades, Finance, TradoCenter, mytradit.com, iCapitalTrader. |
| 2024 | According to information received from a former worker: “…They operate in Mexico through call-centers located in the capital called “CONTRACTECH” (colony Rome and Naples) the other call-center's “EXTREMELY TECH” are located in Querétaro. The other "UNIQUE” in the City of Pachuca Hgo. “ |
| 2024 | According to information received: “Ontega workers and other brokers who belong to the group of thieves are hired through “market it". |
| 2024 | Information received from a former employee of the company: “Ontega works together with many other brokers. I think it goes without saying that these are scammers. The work environment is horrible, they make you change your name, they pressure clients to invest, always putting pressure on them and they pay little – I worked in this company for half a year and to begin with no one can beat the market. The job of an “analyst” of these brokers is to keep the client entertained, or as they say “get them addicted” people lose their money because they become greedy, this type of investment is the same as a casino. The Analyst cannot make you lose, because no one knows how the market will behave, he can expose you, telling you to open high volume operations. The Analyst is a commission agent, commissions are received of 6% of everything I earn, an average analyst earns from 2000 to 4000 dollars a month, but it is not an easy job. The days are very long, the treatment is inhumane. The pressure and stress, they set a deposit goal depending on the experience you have, which ranges from 10 thousand USD for the newest and those with more experience ask them to put in 60 thousand USD. 90% of the analysts come to this company by chance or recommendation and no one knows anything about the market or financial instruments. What's more, few even finished basic education. They change your name and give you basic training on how the platform works, teaching you how to pressure and manipulate people to deposit their money. If you don't reach your goal, they humiliate you and fire you. “ |
| 2024 | Information received from a former employee of the company: “the company name is “Aggravia Consultants“, its offices are in CDMX Saltillo 19 under the name of “marketit". |
| 2024 | According to former employees of the company: “The owner calls himself Ricardo Coronel, before it was called FINANCIKA, now it is called ONTEGA. They have several workplaces, including in La Condesa, Saltillo #19, floor 1, 2, 8, 10, and Saltillo #3, which is a house where they take “agents” to work when they have problems with covid or with the government. , in Roma, Tehuantepec #118 of which Ricardo Coronel is the owner of the building, and right now they are in Pachuca in front of the state of Hidalgo in another company called “UNIQUE” of which “Pamela” is the one in charge.” |
| 2024 | They let COVID-positive staff work and have their “agents” working (who are mostly kids between 18 and 25 years old with no knowledge of the financial market who, in the best of cases, finished high school) all in an “office.” ” less than 20 cm apart where there are 300 people and it is a contagion of covid. The boys are exploited, many times leaving work after 9pm and entering between 7am and 8am, to go to Pachuca they are summoned daily at 6.10:8am in the sports metro where trucks are waiting for them to arrive in Pachuca before XNUMXam and start working. They even make them work on some Sundays, especially when it is the end of the month or when they have bad numbers. They ask the guys for a “target” which is a personal and team objective of client deposits and they commission on those deposits. |
| 2024 | The hierarchies are these: Shief Manager: They are the main heads of the teams and they are the ones who earn the most “Alan”, “Sebastian Belmont”, a Venezuelan “Monsalve”, Bonifacio alias “Rodrigo Valverde” and “Jorge”, each Shief manager It has 4 small teams and each small team has a “team leader” who are the direct bosses of the agents. There are also those from Human Resources that serve no purpose where the main one is Mayte Paulin, and a group of “Masters” who are the ones who “depend on whether they know the market” and tell the agents what to sell, among them Waldo Silva, Claudia Roman, Jorge Madrid. |
| 2024 | Currently the offices are at Av. Tehuantepec 119 Col. Roma and they have already opened one in Hidalgo and Iztapalapa. |
| 2024 | According to former employees of the company: “Looking for work, I came to Ontega through “contratech“After the interview we had agreed upon, I managed to get hired. After a week of training, the company assigns you a nickname or pseudonym, so that no one knows your real name, and you do not know the names of others, something here already smells strange, they explained to me that it is for our own safety, so that we do not We are located on social networks by clients in the event that they lose their money. My salary consisted of 6.000 Mexican pesos, but what attracted us much more were the commissions we could earn, the greater the amount of money the client deposited, the greater our commission, which is why we were trained to convince people to deposit as much as possible ( from 200 dollars you leave a commission of 5%). I worked in an area that consisted of a 4-story building, with more than 200 people per floor, so I estimate that there were more than 800 people calling interested people every day who left their information on the page. Now we no longer work from that building, at Saltillo number 19 in Mexico City (MARKETIT) (they gave us a whistle that there was going to be a police operation) due to a police operation and they sent us to do home office and perhaps also because of the pandemic. Work is done from home. Employees are mistreated and denigrated and they squeeze us, the supervisors are shit, they squeeze every last drop out of us. I decided to leave because I simply could not carry that burden on my body, basically they train you to lie and defraud innocent people who have no idea about this, it is a great psychological burden.” |
| May 2024 |  According to a former worker, Pablo Soria De Lachica would be one of the owners of these brokers. |
| May 2024 |  According to a former worker, Ricardo Coronel Castro would be one of the owners of these brokers. |
| May 2024 | The education platform EDUTRADING, would be linked to all these brokers. |
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with XLNTrade.
At the end of the review you will find customer comments.
How to Claim Money Scammed by XLNTrade
Below we leave you the explanation of how you can use the capital recovery service to recover money lost in XLNTrade.
How to Report XLNTrade
Below in the FAQ section we also explain how to report XLNTrade.
FAQs
Is XLNTrade a scam?
We believe that it is a very unsafe broker. Be very careful.
Is XLNTrade a trustworthy company?
We do not trust XLNTrade due to its regulation, location, complaints from broker clients and more…
What is XLNTrade?
It is a broker for Forex, Cryptocurrencies, Raw Materials and Indices, among other financial products.
How to recover money from XLNTrade?
You can do it with the capital recovery service that we offer here. You can also leave us a comment and we will be happy to help you.
How to report XLNTrade?
For this, simply leave us a comment with what has happened to you with the broker and we will respond as soon as possible.
I have been using XLN for several months, and from the start I have been scammed. I believed their promises of profitability because I was a naive person. I invested all my money and today I have no income, in addition to owing several banks, family and friends. The broker has not provided any solution, nor has it responded to my request for direct contact. I plan to sue the platform. I was deceived and I owe more than 15.000 euros. This broker is a total scam!
Hi Antonio, you can find their real address in our review, but if they have changed offices we will need the help of our users or ex-employees of the company who are willing to write anonymously. Thank you for commenting on XLNTrade. This broker is a SCAM, just like 70trades, Invesus, Ontega, Warren Bowie & Smith. They are also part of the same group as Zenstox, Prostoxfx and Finansero, which are the new brands they will use to scam you. Do not send them money, they just want to trick you and keep everything for themselves.
If you have information about the company please share it to help others.
If you feel deceived and want to recover your money, fill out the form at this link, the consultation is free: CLAIM YOUR MONEY
Greetings.
I have discovered that the money never reached the market; everything is a scam. You invest, they promise you refunds, they guide you, and then they pressure you to invest more. In the end, you lose everything and they tell you that this is what the stock market is like. Don't trust Xcite, they will scam you. I want my money!
Hello Adelaida, we need the help of a person who can provide us with the address of their offices, the call center from where they call to scam, where the false advisors are who call various countries to scam clients who manage to trick them into investing. at your broker. The police have asked us for help because they have received thousands of scam reports from this broker.
We hope for citizen collaboration from a former employee, family member or someone who has had a job interview to work with them. Thanks for the collaboration.
Greetings.
Caution! This broker is not reliable. I've been trying to get my money back for months, but I only get excuses. They are thieves, they don't solve anything. They agreed to return part of the money and did not comply. Justice and the police must intervene immediately. I demand solutions!
Hello Joaquin, in our review you can find their real address, but if they have changed offices we will need the help of our users or former company employees who are willing to write anonymously. Thanks for commenting on XLNTrade. This broker is a SCAM, just like 70trades, Invesus, Ontega, Warren Bowie & Smith. Zenstox, Prostoxfx and Finansero are also from the same group, which are the new brands they will use to scam. Don't send them money, they just want to trick you and keep everything.
If you have information about the company please share it to help others.
If you feel cheated and want to get your money back, go to our chat or fill out this form: CLAIM YOUR MONEY
Greetings.
Warning: do not invest in this broker. Although depositing is easy, you will not be able to withdraw your money. I am preparing a lawsuit because since the beginning of the year I have not been able to withdraw my funds. The broker claimed the money was in my account, but my account statements proved them lying, and then they cut off all contact. Justice will reach them!
Hello Moises, in our review you can find their real address, but if they have changed offices we will need the help of our users or former company employees who are willing to write anonymously. Thanks for commenting on XLNTrade. This broker is a SCAM, just like 70trades, Invesus, Ontega, Warren Bowie & Smith. Zenstox, Prostoxfx and Finansero are also from the same group, which are the new brands they will use to scam. Don't send them money, they just want to trick you and keep everything.
If you have information about the company please share it to help others.
If you feel deceived and want to recover your money, fill out the form at this link, the consultation is free: CLAIM YOUR MONEY
Greetings.
XLNtrade does not keep its promises and uses fake managers to attract investments from young and old. They ensure a joint investment, but in the end, the money is lost in bad transactions or blocked on the platform due to endless document requests.
If you want to recover your money, fill out the form at this link: CLAIM YOUR MONEY
Greetings.
Hello Facundo, it is a fact that they use multiple brands and names to scam. They run their own payment systems and manipulate the platforms to make it appear that money is lost. They have an organized criminal network, so they will not return your money.
If you want to recover your money, fill out the form at this link: CLAIM YOUR MONEY
Greetings.