Score

1.82 /10
Danger

XLibre

Mauritius

1-2 years

Suspicious Regulatory License

MT5 Full License

Regional Brokers

Suspicious Overrun

High potential risk

C

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Comparison

Quantity 2

Exposure

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Score

Regulatory Index0.00

Business Index4.85

Risk Management Index0.00

Software Index7.94

License Index0.00

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Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

XLibre

Company Abbreviation

XLibre

Platform registered country and region

Mauritius

Company website

X

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2025-05-08
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 47159) claimed by this broker is suspected to be clone. Please be aware of the risk!

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Pyramid scheme complaint
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XLibre · Company summary
XLibreReview Summary
Founded2023
Registered Country/RegionMauritius
RegulationNo regulation
Market InstrumentsForex, commodities, metals, shares, indices, crypocurrencies
Demo Account
LeverageUp to 1:2000
SpreadFrom 1.2 pips (CENT account)
Trading PlatformMT5
Min Deposit$10
Customer Support24/5 support - live chat, contact form
Email: support@exalibre.com
Facebook, X, Linkedin, Instagram
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
Regional RestrictionsUSA, Sudan, Syria, Iran, North Korea, Myanmar, EU countries' clients are not allowed

XLibre 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.

XLibre's homepage

Pros and Cons

Pros Cons
Fund segregation and negative balanceNo regulation
Diverse trading productsLimited payment options
Demo accounts availableLong deposit and withdrawal processing time
Tiered accountsRegional restrictions
Tight spreads
Commission-free on some accounts
MT5 platform
Low minimum deposit requirement
No fees for most deposits and withdrawals
Various contact channels

Is XLibre Legit?

No. XLibre operates without any valid supervision from any regulatory authorities. Please be aware of the risk!

Domain information

What Can I Trade on XLibre?

Tradable Instruments Supported
Forex
Commodities
Metals
Shares
Indices
Cryptocurrencies
Bonds
Options
ETFs
What Can I Trade on XLibre?

Account Type

Here are four account types XLibre offers:

Account TypeMin Deposit
CENT$10
Pro$25
Raw $100
VIP$200
Account comparison

Leverage

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 Fees

Account TypeSpreadCommission
CENTFrom 1.2 pips
ProFrom 1.2 pips
Raw From 0 pips
VIPFrom 0.7 pips

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5Desktop, mobile, WebTraderExperienced traders
MT4/Beginners
MT5

Deposit and Withdrawal

The broker accepts payments via VISA, MasterCard and SWIFT.

Deposit Options

Deposit Options Fees Processing Time
VISAUp to 10 minutes
Mastercard
SWIFT No fees for deposits over $1002-7 business days

Withdrawal Options

Withdrawal Options Fees Processing Time
VISAFrom 2-7 business days, depending on the correspodent bank
Mastercard
SWIFT
Deposit
Withdrawal

User Reviews

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User comment

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Comments

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FxDoctor
3-6months
Hello, I have checked the XLIbre website and registered live account, all working correctly and as i can see company has two regulations from South Africa and Mauritius. Good luck to all.
Hello, I have checked the XLIbre website and registered live account, all working correctly and as i can see company has two regulations from South Africa and Mauritius. Good luck to all.
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2024-12-25 17:19
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FX3911260789
3-6months
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
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
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2025-02-27 08:17
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