Xlence, T4Trade, and Tradeco Limited are all the same scam and fraud operation. They keep rebranding, but they continue the exact same practices, wrongfully accusing traders of “arbitrage,” freezing accounts, refusing withdrawals, and giving players zero chance to defend themselves.They claim they are regulated by the Seychelles Financial Services Authority (FSA) with licence number SD029 under the company Tradeco Limited, but this is misleading at best. Multiple regulators including the Financial Conduct Authority (FCA, UK), Autorité des Marchés Financiers (AMF, France), Comissão do Mercado de Valores Mobiliários (CMVM, Portugal), Comisión Nacional del Mercado de Valores (CNMV, Spain), and Financial Services and Markets Authority (FSMA, Belgium) have all publicly warned investors that this company is not regulated to operate in their territories. Documents, addresses, and even domains don’t match FSA records, suggesting possible identity misuse.Claims of legitimate licensing don’t matter when you cannot withdraw your profits and the broker refuses to explain accusations. Arbitration claims are vague, evidence is never provided, and any guarantees are promptly erased — often tied to “price latency” excuses. Meanwhile, deposits are accepted instantly but withdrawals drag on indefinitely.⚠️ Final warning: Xlence is Tradeco. Tradeco is T4Trade. They are the same entity behind multiple rebrands and the same scam complaints. Don’t trust them with your money — once you’re caught, you’re trapped.Check T4Trade's Trustpilot you can see it's the same issue, it's all fake reviews for the good reviews! Edit: Reply to Xlence: Look at your reviews, everyone has the same experience, when the trader is profitable, you close the account and accuse them of arbitrage so you don't have to pay them.You don’t respond to emails, and your customer service is unprofessional and unhelpful, which reflects poorly on the company.That’s the main reason this review is here on Trustpilot, because you are not willing to deal with or resolve issues. If matters were properly handled, explained, or resolved, there wouldn’t be any bad reviews.Thank you for the reply no review even after an appeal, so my review will stay here as a warning to others, so they won’t have to experience the same thing and will think twice before using you as a broker.
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