Xlence

Answer: Xlence takes a slightly different approach to account types. Unlike other brokers, where you choose your account type at the beginning, you start with the Xlence Essential account. Later, if you wish, you can apply for an upgrade to Prime, Deluxe or Ultimate accounts. It mainly depends on your level of experience and your account size. Your application will be reviewed by the broker, as far as I understand the process, I don’t take this as 100% true. You can double-check it with their support. Anyway, the Essential account is pretty good in terms of spreads, execution speed, leverage of up to 1000x… in other words, you have everything you need to trade efficiently and just focus on your trading, rather than thinking that with a more advanced account, your trading will significantly improve… it won’t ;)