What Account Types and Fees Does XLibre Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| CENT Account |
Beginners and small traders |
Low minimum deposit, suitable for micro trading |
Ideal for practice with smaller capital |
| Pro Account |
Experienced traders |
Competitive spreads, higher leverage |
Requires a minimum deposit of $25 |
| Raw Account |
Active traders |
Raw spreads with a commission structure |
Minimum deposit of $100 required |
| VIP Account |
High-net-worth individuals and corporate clients |
Exclusive benefits and lower trading costs |
Minimum deposit of $200, requires verification of corporate documentation |
Account Opening Process
To open an account with XLibre, prospective clients must follow a straightforward process. First, they need to submit personal information, which includes their full name, date of birth, and contact details. Following this, employment and financial information must be provided to ensure the suitability of the account type chosen. Identity verification is a crucial step; applicants are required to upload valid identification documents, such as a passport or driver’s license, along with a proof of address, like a utility bill. XLibre allows for flexibility in account types, enabling users to upgrade to a professional account if their trading volume justifies the transition at a later stage.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for major pairs |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for minor pairs |
| CFDs (Stocks) |
1.5 |
$5 per lot |
Standard rates apply |
| CFDs (Indices) |
1.2 |
$4 per lot |
Market rates for indices |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market conditions |
Other Fees
In addition to trading fees, XLibre may impose various other charges. These include deposit and withdrawal fees, which can vary based on the method used. Inactivity fees may apply to accounts that remain dormant for an extended period. While platform usage fees are generally waived, traders should be aware of potential overnight interest or swap rates that may accrue on positions held overnight. Additionally, currency conversion fees may apply for transactions involving different currencies.
