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Forex Broker Rating

Xlla

Xlla

Information about the broker Xlla

Rating: 1
Jurisdiction: Switzerland
Regulators: not mentioned
Foundation date: 2020
Site: https://xlla.tech

Brief information Xlla

Xlla presents itself as a trading company offering access to financial markets through its own platform. It states that it has operated since 2020 and is registered with Innovation, Science and Economic Development Canada. The site does not give a company registration number or identify a financial services licence. Its legal terms refer to Swiss law and list an address in Zürich.

The company manages two websites:

  • xlla.tech — information about the company, its accounts, platform and terms;

  • platform.xlla.tech — registration, login and access to the client account.

The published contact details are Bahnhofstrasse 37, 8001 Zürich, Switzerland; telephone +41 58 303 51 99; and support@xlla.tech. Xlla also mentions live chat as a way to contact support.

Xlla

Xlla trading terms

The company Xlla offers trading in the following markets:

  • currency pairs;

  • stocks;

  • indices;

  • commodities;

  • cryptocurrencies.

The company promotes a proprietary platform for web and mobile use, with charts, indicators and analytical tools. It advertises tight spreads, leverage and fast execution, and trades carry no commission. The public pages do not provide a numerical spread schedule, maximum leverage by instrument or detailed execution terms.

Trading accounts at Xlla

The brokerage company lists six account tiers:

  • Starting — from $ 250;

  • Recommended — from $ 10000;

  • Bronze — starts $ 50000;

  • Silver — from $ 150000;

  • Gold — min. deposit from $ 500000;

  • For experts — $ 500000 or more.

The account comparison mentions an account supervisor, trading signals, strategy and analytical support, seminars, bonuses and risk-free trades. The availability of these features varies by tier. The site also lists percentage figures for some benefits but does not clearly explain how they are calculated or paid.

Xlla

Registration and personal account on xlla.tech

The Open account button leads to the registration form on platform.xlla.tech. At the first stage, users enter an email address, create and repeat a password, and accept the client agreement and terms of use. The form marks this as step one of two.

Xlla states that clients must verify their identity.

Deposits and withdrawals with Xlla

According to the information on the website deposits may be made by 

  • bank card, 

  • bank transfer,

  • electronic wallets, including PayPal and Skrill. 

The payment rules state that the methods actually available to a client, along with their limits and charges, appear in the personal account. Deposits and withdrawals are requested through that account.

The company says it processes payment requests within one business day, or by the end of the following business day at the latest. 

Conclusion about Xlla

The broker publishes account tiers, a trading platform and payment rules, but its site does not identify a financial regulator or licence number. It is also important to review the information provided by the broker on its website regarding registration and licensing, verify it on your own, and check it on the regulators’ websites. It is also worth reading reviews of Xlla on independent websites.

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Trader Reviews

Xlla looked like a regular trading platform at first, but I became concerned after reading BaFin’s warning about xlla.tech operating without the required authorisation in Germany. I would want clear answers about who runs the platform before putting money into an account.

  • 11 hours ago

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