Xlence
We checked Xlence against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
According to their claims, Xlence is registered in the Seychelles and is a trading name of Tradeco Limited, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under licence number SD029. While we did find a matching Tradeco Limited name on the FSA website, the recorded company address and domain name do not match the information provided by Xlence. This indicates a potential risk of identity theft. Xlence also claims to be associated with Damadah Holding Limited, which has a registered address in Cyprus. However, upon searching the Cyprus Securities and Exchange Commission (CySEC) database, we found no relevant information about this company. Given these red flags, Xlence exhibits characteristics of a fraudulent operation.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report Xlence.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.