Reported as a scam / unregulated
Why XLNTrade is on the register
XLNTrade is not a reliable broker for traders even though it states offers that look good to be true. XLNTrade claims to be owned by Securcap Securities Limited, a company licensed by the Seychelles Financial Services Authority (Seychelles FSA) under the license number SD012. We indeed find a match result to Securcap Securities Limited in Seychelles FSA, but as per the regulatory details shown on FSA, the only approved domain of Securcap Securities Limited is “ not “ That means XLNTrade may be a clone firm that uses regulatory info of an FSA-regulated firm. Besides, XLNTrade claims the group of XLNTrade also consists of Wanakena Ltd, a European entity duly registered in Cyprus. However, we did not find any match results to XLNTrade or Wanakena Ltd in the Cyprus Securities and Exchange Commission (CySEC). That means XLNTrade is not overseen by any regulators. Investors’ funds in this broker are unsafe and cannot be protected by any law. Therefore, it is a scam.
If you have money with this broker
- Stop sending funds. Do not pay any further “fees”, “taxes” or “verification” charges to release a withdrawal — this is a common secondary scam.
- Preserve evidence. Save transaction IDs, wallet addresses, chat logs, and every screenshot before the account is closed.
- Report it. Notify your bank/exchange and your national financial regulator so the activity is on record.
- Get guidance. Tell us what happened and we will point you toward the right next step. We are a free public registry — we never charge any fees.
SentFunds is an information and referral service. Listing reflects reported concerns and public findings; it is not a legal determination.