Company profile
XLibreReview SummaryFounded2023Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, commodities, metals, shares, indices, crypocurrenciesDemo Account✅LeverageUp to 1:2000SpreadFrom 1.2 pips (CENT account)Trading PlatformMT5Min Deposit$10Customer Support24/5 support - live chat, contact formEmail: support@exalibre.comFacebook, X, Linkedin, InstagramRegistered office: Office 306, 3rd Floor, Ebene Junction, Rue De La Democratie, Ebene 72201, MauritiusBusiness address: 22, St Georges Street, Suite 216, Port-Louis, MauritiusRegional RestrictionsUSA, Sudan, Syria, Iran, North Korea, Myanmar, EU countries' clients are not allowedXLibre Information Founded in 2023, XLibre is an unregulated broker registered in Mauritius, offering trading on forex, commodities, metals, shares, indices and crypocurrencies with leverage up to 1:2000 and spread from 0 pips via the MT5 trading platform. The minimum deposit requirement is as low as $10.Pros and ConsPros Cons Fund segregation and negative balanceNo regulationDiverse trading productsLimited payment optionsDemo accounts availableLong deposit and withdrawal processing timeTiered accountsRegional restrictionsTight spreadsCommission-free on some accountsMT5 platformLow minimum deposit requirementNo fees for most deposits and withdrawalsVarious contact channelsIs XLibre Legit? No. XLibre operates without any valid supervision from any regulatory authorities. Please be aware of the risk!What Can I Trade on XLibre?Tradable Instruments Supported Forex ✔Commodities ✔Metals ✔Shares ✔Indices ✔Cryptocurrencies ✔Bonds❌Options❌ETFs❌Account Type Here are four account types XLibre offers:Account TypeMin DepositCENT$10Pro$25Raw $100VIP$200Leverage The broker offers leverage capped at 1:2000. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.XLibre FeesAccount TypeSpreadCommission CENTFrom 1.2 pips✔ProFrom 1.2 pips❌Raw From 0 pips✔VIPFrom 0.7 pips❌Trading PlatformTrading PlatformSupported Available Devices Suitable for MT5✔Desktop, mobile, WebTraderExperienced tradersMT4❌/BeginnersDeposit and Withdrawal The broker accepts payments via VISA, MasterCard and SWIFT. Deposit Options Deposit Options Fees Processing Time VISA❌Up to 10 minutesMastercard SWIFT No fees for deposits over $1002-7 business days Withdrawal Options Withdrawal Options Fees Processing Time VISA❌From 2-7 business days, depending on the correspodent bankMastercard SWIFT
Mauritius
1-2 years
FX3911260789
Kenya
Subject: Complaint Against Xlibre SA (PTY) Ltd - Request for Assistance Dear FAIS Ombud Team, I am writing to formally lodge a complaint against XLibre SA (PTY) Ltd is incorporated in South Africa with Company Number 2016/214844/07 and is authorized and regulated by the South African Financial Sector Conduct Authority (FSCA) with Financial Services Provider License number 47159. Regarding a financial dispute that I am currently facing. I initially submitted my complaint to the Financial Sector Conduct Authority (FSCA), but I have been advised (Complaint Ref No: 153-275043) to direct my concerns to your office for further assistance. Summary of the Issue: •Financial Institution: Xlibre SA (PTY) Ltd •Nature of the Complaint: [ Here’s a brief summary of what happened: Introduction to the trader: Ifrah Hassan Ahmed, an experienced forex trader, was introduced to Exlibre Brokers by Konstantinos Konstantinou from Cyprus, a close friend of the brokerage’s CEO, Kypros Kyprianou. Konsta
Exposure
02-27