Editor’s Verdict
XLibre, based in Mauritius and registered since 2021, offers CFD trading in currencies, cryptocurrencies, energies, gold, indices, and stocks. Our in-depth review of the broker’s products and services found that XLibre delivers a competitive trading environment, providing exceptionally high leverage, with low minimum deposits.
Overview
XLibre is a multi-asset CFD broker giving clients access to a diverse array of instruments including a European stocks and cryptocurrencies. It only offers clients the MT5 trading platform, but provides a choice of trading account types and leverage up t0 200:1.
Headquarters | Mauritius |
|---|---|
Regulators | FSC Mauritius |
Tier 1 Regulator(s)? | |
Owned by Public Company? | |
Year Established | 2021 |
Execution Type(s) | No Dealing Desk |
Minimum Deposit | $10 |
Negative Balance Protection | |
Trading Platform(s) | MetaTrader 5 |
Average Trading Cost EUR/USD | Undisclosed |
Average Trading Cost GBP/USD | Undisclosed |
Average Trading Cost WTI Crude Oil | Undisclosed |
Average Trading Cost Gold | Undisclosed |
Average Trading Cost Bitcoin | Undisclosed |
Retail Loss Rate | Undisclosed |
Minimum Raw Spreads | 0.0 pips on Ace account |
Minimum Standard Spreads | 0.7 pips |
Minimum Commission for Forex | $0.05 per microlot per side |
Funding Methods | Visa, Mastercard, SWIFT (wire transfer) |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
XLibre’s five core takeaways:
- 70 currency pairs, cryptocurrencies, gold, oil, natural gas, indices, US and European stocks
- Uses MetaTrader 5 only
- 1:2000 leverage across all account types
- 4 account types: Cent, Pro, Raw and VIP, starting at $10 minimum deposit, rising to $200 minimum deposit.
- Clients can choose between accounts just with spreads or with spreads plus commission
XLibre Regulation and Security
XLibre is regulated in Mauritius since 2021 and holds client funds in segregated accounts.
Country of the Regulator | Mauritius |
|---|---|
Name of the Regulator | FSC Mauritius |
Regulatory License Number | GB21026537 |
Regulatory Tier | Tier 2 |
Is XLibre Legit and Safe?
My review found no evidence of misconduct or malpractice by this broker during its history.
XLIBRE regulation and security components:
- Regulated by the Mauritius Financial Services Commission with Global Business License number GB21026537
- Registered with the Mauritius Financial Services Commission since 30 August 2021
- Registered Office: Office 306, 3rd Floor, Ebene Junction, Rue De La Democratie, Ebene 72201, Mauritius
What Would I Like XLIBRE to Add?
- Add live chat or phone support.
- It should consider adding other metals and agricultural commodities to its range of markets.
Fees
XLibre offers 4 account types, each with its own fee structure:
Cent account: Spreads from 1.2 pips with commission $0.05 per side per micro lot
Pro account: Spreads from 1.2 pips without commission
Raw account: Spreads from 0.0 pips with $4 commission per side per standard lot
VIP account: Spreads from 0.7 pips with no commission
XLibre charges no fees for Visa and Mastercard deposits or withdrawals of any size, and no fees for bank wire transfers over $100.
XLibre charges a US$5 monthly inactivity fee if the account is inactive for more than 1 month.
Average Trading Cost EUR/USD | Undisclosed |
|---|---|
Average Trading Cost GBP/USD | Undisclosed |
Average Trading Cost WTI Crude Oil | Undisclosed |
Average Trading Cost Gold | Undisclosed |
Average Trading Cost Bitcoin | Undisclosed |
Minimum Raw Spreads | 0.0 pips on Ace account |
Minimum Standard Spreads | 0.7 pips |
Minimum Commission for Forex | $0.05 per microlot per side |
Deposit Fee | |
Withdrawal Fee | |
Inactivity Fee | Yes |
Range of Assets
- 70 Forex pairs
- Cryptocurrencies: 15 crypto assets, including Bitcoin and Ethereum
- Energy: Brent crude, West Texas Intermediate crude, natural gas
- Metals: Gold
- Indices: 10 global equity indices
- Stocks: 19 European stocks; 47 US stocks
Currency Pairs | |
|---|---|
Cryptocurrencies | |
Commodities | |
Crude Oil | |
Gold | |
Metals | |
Stocks | |
Stocks (non-CFDs) | |
Bonds | |
ETFs | |
Options | |
Futures | |
Synthetics |
XLibre Leverage
- Forex majors: 2000:1
- Forex minors: 1000:1
- Exotic Forex pairs: 200:1
- Cryptocurrencies: 10:1
- Gold: 500:1
- Energy: 500:1
- Indices: 500:1
- Stocks: 50:1
Account Types
XLibre offers four account types: Cent, Pro, Raw and VIP.
Account type | Minimum deposit | Minimum Spread | Commission |
Cent | $10 | 1.2 pips | $0.05 per side per micro lot |
Pro | $25 | 1.2 pips | $0 |
Raw | $100 | 0 pips | $4 per side per lot |
VIP | $200 | 0.7 pips | $0 |
XLibre Demo Account
XLibre allows clients to set up a MetaTrader 5 demo account.
Trading Platforms
XLibre offers MT5 and allows clients to access it as desktop and mobile apps, as well as a mobile version.
MT4 | |
|---|---|
MT5 | |
MT4/MT5 Add-Ons | |
cTrader | |
Proprietary Platform | |
Automated Trading | |
Social/Copy Trading | |
DOM? | |
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
One-Click Trading | |
OCO Orders | |
Interest on Margin |
Unique Features
XLibre offers multiple cryptocurrencies in addition to the standard Bitcoin and Ethereum, as well as European and US stocks, which is rare for brokers with such low minimum deposit requirements.
XLibre also offers the same exceptionally high leverage regardless of the account type a client chooses.
Thirdly, clients can fund an account within minutes using Visa and Mastercard.
Research and Education
XLibre’s site has 20 educational articles and an intuitive economic calendar.
Customer Support
Customer Support Methods |  |
|---|---|
Support Hours | 24/5 |
Website Languages |       |
XLibre offers only email support, 24/5.
Bonuses and Promotions
XLibre offers bonuses on trading capital once clients fund their accounts. The maximum bonus levels go up to $10,000 in value.
Opening an Account
XLibre has a quick and simple sign-up and deposit process, allowing traders to get started within minutes.
Minimum Deposit
- Cent account: $10
- Pro account: $25
- Raw account: $100
- VIP account: $200
Payment Methods
Withdrawal options |   |
|---|---|
Deposit options | |
XLibre accepts:
- Visa
- Mastercard
- Global bank wire (SWIFT)
Accepted Countries
XLibre does not offer services to residents of certain jurisdictions, including the USA, Sudan, Syria, Iran, North Korea, Myanmar and EU countries. By inference, it will accept countries not on this list unless they are countries under global sanctions.
Deposits and Withdrawals
Deposits:
- The minimum deposit is $10 for a Cent account (allowing micro lot trading).
- Clients can deposit by Visa, Mastercard, or wire transfer (SWIFT).
- The deposit time for Visa and Mastercard is up to 10 minutes, whereas wire transfers can take 2-7 business days.
- XLibre charges no fees for deposits made by Visa or Mastercard, and no fees on wire transfer deposits over $100.
Withdrawals:
- Clients can withdraw by Visa, Mastercard, or wire transfer (SWIFT).
- XLibre charges no fees for withdrawals made by Visa or Mastercard, and no fees on wire transfer deposits over $100.
- Withdrawal times can take 2-7 business days, depending on the correspondent bank.
Is XLibre a Good Broker?
XLibre is appropriately regulated and holds client money in segregated accounts, a minimum requirement for protecting the safety of funds.
The broker is especially great for new traders because of the user-friendly MT5 environment and low minimum deposits, reasonable spreads, and exceptionally high leverage. Although the spreads and costs are not the lowest in the industry, it will suit most traders’ needs unless they are scalpers. Experienced traders should also find XLibre to be an option worth considering, especially their Raw or VIP accounts with lower trading costs.
XLibre has some gaps in the markets it offers, for example, there are no agricultural commodities, and the only metal it offers is gold. However, it has a substantial range of Forex pairs, cryptocurrencies, and individual stocks, including European stocks, which is rare.
I would most like XLibre to offer live chat or phone support. It currently only provides email contact. Money can be withdrawn via Visa, Mastercard or wire transfer (SWIFT). The minimum deposit is $10 for the Cent account. Yes, XLibre is safe. Its regulatory licenses are up-to-date with the Mauritius Financial Services Commission, and it segregates client funds. Yes, XLibre is suitable for beginners. It offers a good range of markets, user-friendly MT5, which has plenty of features for most traders, exceptionally high leverage and very low minimum deposits.FAQs
How do I withdraw money from XLibre?
What is the minimum deposit for XLibre?
Is XLibre safe?
Is XLibre suitable for beginners?
