XLNTrade: Opinion and comments – Is it a scam?

By the analytical team at Brokersrecomendados.com, led by Pedro Martínez González

Updated on March 08, 2026

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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.

❌ Not recommended: this broker presents high risk signals and is not considered safe for investment.

This analysis is part of the broker review process of Recommended Brokers.
Our team evaluates financial regulation, operational security, online reputation, withdrawal conditions, and real user reports to determine if a broker is trustworthy or poses a risk to investors.
The information is updated periodically to reflect regulatory changes, new complaints, or modifications to the services of the broker analyzed.
If you've had a bad experience with this broker, learn more about how to get your money back this link.

Read the review to be aware of all the most important features of XLNTRADE!

Basic Information by XLNTrade

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 on XLNTrade

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: ppgad@pucrs.br.

• 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 2025 Video Review

Our new video about the XLNTrade broker, with new information and an updated analysis.

XLNTrade Video Review

Updates about XLNTrade

News about XLNTrade:

Date	Update – news
May 2024th	According to information received, new linked brands would be: zenstox.com, prostoxfx.com y finansero.com (BE VERY CAREFUL WITH THEM!)
May 2024th	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 "CHANCE” 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 2024th	According to a former worker, Pablo Soria De Lachica would be one of the owners of these brokers.
May 2024th	According to a former worker, Ricardo Coronel Castro would be one of the owners of these brokers.
May 2024th	The education platform EDUTRADING, would be linked to all these brokers.
November 2024	Caution! In recent weeks, there has been an increase in comments from dissatisfied users regarding XLNTrade. Many mention serious problems with the execution of transactions and difficulties in withdrawing their money. If you are thinking of using this platform, make sure you are well informed and prepared for possible inconveniences.
January 2025	A company employee has informed us that: The company would have offices in Paraguay, Ciudad del Este, Zuni Shopping Center on the ground floor, at the back. - The company that hires workers in Paraguay is known as Promisur.
January 2025	Yasen Tabakov would be the local director:
January 2025	A company employee has informed us that: In these offices in Paraguay, they work with several brands: Warren Bowie, Zentsox, Xlntrade, within the app "Xcite," which is where all the companies in that app are hosted. We work with all of these brands.
February 2025	A former employee of the company sent us photographs of the alleged broker's employees in Ciudad del Este, Paraguay:
March 2025	According to information received from a former employee: “They have several offices, the ones in Mexico are located at: Xola 613, code 2, Col del Valle Nte, Benito Juárez, 03103 Mexico City, CDMX. It operates under the names “Cleaver calling” and “Finance Solutions México”. The directors are: Itay Segal FOREIGN, Ricardo Coronel FOREIGN, Diego Sánchez Ángeles MEXICAN.”
March 2026	Other companies that, according to information received, are linked to these brokers with a very bad reputation (and with which you should be very careful) would be the following: 1) profinancez.com – Adlegion Ltd 2) gcc7-services.com – GCC7 Services Limited 3) thebraintrade.com – BT Nexus Limited.

User Reviews about XLNTrade

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.

FAQ

About the Author: Pedro Martinez Gonzalez

Let me tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

You can read more about me here.