My name is Aleksandrs Rumjancev, and I am warning everyone: DO NOT trust Xlence (Tradeco Limited, Seychelles license SD029). This is not a broker — it’s a scam operation disguised as a trading platform.I deposited 1,075.17 USD into my account (ID: 552703) — my hard-earned money. I did not make any profit. I didn’t even trade aggressively. In fact, I barely traded at all because the platform was unusable:Extreme order execution delays,Ridiculously wide spreads,Constant technical issues that made fair trading impossible.All I wanted was to withdraw my own deposit — nothing more. But instead of letting me do that, Xlence silently wiped my entire balance to zero and claimed I had violated their vague “price latency arbitrage” clause.When I asked for proof — specific trades, timestamps, technical logs — they sent a generic, copy-pasted response saying the decision is “final” and “will not be reversed.” No evidence. No transparency. Just theft dressed up as “compliance.”I have full screenshots from my client portal showing the unauthorized –1,075.17 USD “correction,” and I have their written confirmation that they refuse to return my money.This is not a mistake. This is intentional fraud. They lure clients with promises of fast trading, then trap their funds and invent excuses to steal them. Their “regulation” by the Seychelles FSA is meaningless — it offers zero protection to real people like me.Xlence doesn’t trade — it preys.Xlence doesn’t serve clients — it steals from them.I am now filing formal complaints with international regulators and will continue exposing this company everywhere I can. If you’ve been scammed by them too — speak up. Silence only helps the thieves.— Aleksandrs Rumjancev
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