XLibre offers commission-free Forex trading through its Pro and VIP account types with leverage options of up to 1:2000 and spreads as low as 0.0 pips.
The broker has implemented various promotional plans, including a 100% deposit gift and a 50% tradable bonus.
XLibre; An Introduction to the Broker and its Regulatory Status [FSCA, FSC]
XLibre is a brokerage company founded in 2024. The broker operates through two branches, one in Mauritius and the other in South Africa.
The company is authorized and regulated in both Mauritius and South Africa by:
- The Mauritius Financial Services Commission (FSC) with License NO. GB21026537
- The South Africa Financial Sector Conduct Authority (FSCA) with License No. 47159
While these dual regulations give traders an extra layer of confidence, potential clients may be concerned by the lack of top-tier licensing.
XLibre Broker Table of Specifications
From tight spreads as low as 0.0 pips to leverage options of up to 1:2000, Let’s take a quick look at what the Forex broker offers.
Broker | XLibre |
Account Types | Cent, Pro, Raw, VIP |
Regulating Authorities | FSCA, FSC |
Based Currencies | USD |
Minimum Deposit | $10 |
Deposit Methods | Visa, MasterCard, SWIFT |
Withdrawal Methods | Visa, MasterCard, SWIFT |
Minimum Order | 0.01 lots |
Maximum Leverage | 1:2000 |
Investment Options | Social Trading |
Trading Platforms & Apps | MT5 |
Markets | Forex, Indices, Shares, Commodities, Crypto |
Spread | Variable based on the account type |
Commission | Variable based on the account type |
Orders Execution | Market |
Margin Call / Stop Out | 50% / variable based on the account type |
Trading Features | Commission-free Trading, Social Trading, Islamic Account, Economic Calendar |
Affiliate Program | Yes |
Bonus & Promotions | 100% Welcome Bonus, 30% Tradable Bonus, 50% Tradable Bonus |
Islamic Account | Yes |
PAMM Account | Yes |
Customer Support Ways | Email, Ticket, Live Chat |
Customer Support Hours | 24/5 |
Trading Accounts
The company offers 4 main account types, each with a different fee structure and minimum deposit to suit different trading styles and experience levels.
Features | Cent | Pro | Raw | VIP |
Min Deposit | $10 | $25 | $100 | $200 |
Max Leverage | 1:2000 | 1:2000 | 1:2000 | 1:2000 |
Margin Call | 50% | 50% | 50% | 50% |
Stop Out | 30% | 30% | 20% | 20% |
Commission | Yes | No | Yes | No |
Spreads from (pips) | 1.2 | 1.2 | 0.0 | 0.7 |
Swap-Free Option | Yes | Yes | Yes | Yes |
Registration and Verification Guide
In this XLibre review, we should mention that you must not be a resident of America to be able to open an account with the broker.
- Visit the broker’s official website;
- Click “Start Trading”;
- Fill out the sign up form;
- Complete the client profile;
- Verify your email address;
- Provide proof of identity (passport or driver’s license) and proof of address (utility bill or bank statement);
- Submit the “Economic Profile” form.
XLibre Broker Trading Platforms
The company exclusively offers the MetaTrader 5 (MT5) platform, known for its robust features, user-friendly interface, and accessibility across various devices, including:
The MetaQuotes trading solution offers 21 timeframes, 38 built-in technical indicators, and support for Expert Advisors (EAs).
Trading and Non-Trading Costs
XLibre offers four account types with different fee structures. Two have no commissions and higher-than-average spreads; two have commissions and tight spreads from 0.0 pips.
Account Type | Spreads from (pips) | Commissions |
Cent | 1.2 | Yes |
Pro | 1.2 | No |
Raw | 0.0 | Yes |
VIP | 0.7 | No |
The broker also reimburses clients for their deposit and withdrawal transaction fees. The table below gathers the commission fees for various asset classes across different XLibre account types.
Asset Class | Cent | Pro | Raw | VIP |
Forex | $0.05 | $0.0 | $4.0 | $0.0 |
Indices | Not Available | $0.0 | $4.0 | $0.0 |
Shares | Not Available | 1.0% | 1.0% | 1.0% |
Commodities | $0.05 | $0.0 | $4.0 | $0.0 |
Crypto | Not Available | 0.03% | 0.03% | 0.025% |
XLibre Withdrawal and Deposit
The broker performs poorly when it comes to supported payment methods, as it only supports Debit/Credit Cards and Bank Transfers.
- Visa
- MasterCard
- SWIFT
Note that SWIFT transactions take 2 to 7 days to be credited to your account, and the ones below $100 include fees.
XLibre Social Trading
The broker’s Social Trading platform is a standout feature, allowing traders to connect, learn, and replicate strategies from experienced investors.
Through the client dashboard, you can register to become a follower or a strategy provider.
At the time of writing this XLibre review, the company offers 27 investment offers with the following key features:
- Performance fees: From 10% to 50%
- Minimum investment: from $20 to $2,000
- A comprehensive list of providers' profiles and ratings
Bonus Offerings
XLibre entices traders with several attractive promotional programs, including traditional deposit gifts and a comprehensive trading competition.
- 50% Tradable Bonus: Up to $500 extra funding
- 30% Tradable Bonus: Available for the first 3 deposits with a $3,000 limit per transaction
- 100% Welcome Bonus: Up to $10,000 welcome gift on your first deposit
- Battle of the Trades: Trading competition with Tesla Model 3 and PlayStation 5 as prizes
- Partnership: Up to $15 commission per lot for IBs and up to $1,000 in CPAs for affiliates
Note that the Battle of the Trades trading tournament had expired at the time of writing this XLibre review. If it comes back, we’ll notify you on this page.
XLibre Broker Support Channels
Customer support is an area where the brokerage company has room for improvement. XLibre boasts 24/5 assistance through various channels, including:
support@exalibre.com | |
Ticket | Through the “Contact Us” page |
Live Chat | Available on the official website |
Registered Office | Office 306, 3rd Floor, Ebene Junction, Rue De La Democratie, Ebene 72201, Mauritius |
Business Address | 22, St Georges Street, Suite 216, Port-Louis, Mauritius |
User Satisfaction
The broker was founded in 2024 and has less than 1 year of experience. So it’s not odd that it has not been featured on reputable review websites like Forex Peace Army and Reviews.io.
While XLibre has a profile on TrustPilot, there are only four comments about the broker, resulting in a great trust score of 4 out of 5.
Conclusion and Final Words
XLibre provides access to 1,000+ trading instruments via the MT5 platform and offers a 30% tradable bonus up to $9,000.
However, the limited payment options (only Visa, MasterCard, and SWIFT) and the lack of a support hotline are the most significant weaknesses in this XLibre review.
