Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.
FIBO Group review
By
9 mins read
Overview
Our 5-step process of verification and evaluation – How do we obtain information?
General inspection – 30%
Trading experience – 30%
Technical audit – 20%
Collective experience from collaborations with the broker – 10%
Interviews with real traders – 10%
See the entire process here.
Pros
Wide Range of Trading Instruments
Multiple Account Types
High-Quality Trading Platforms
Strong Security and Regulatory Compliance
Cons
Limited Educational Resources
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Higher-than-Average Spreads
General details
+44 (845) 09-50-118
Customer reviews
score
Read real reviews from traders all over the world:
Accounts
Type of Trading Accounts on FIBO Group
The FIBO Group Broker has various account types to meet the diverse needs of potential clients. Whether you’re a beginner or an experienced trader, you will find an account that works for you on FIBO.
- The MT4 Cent Account: The MT4 Cent account from FIBO Forex is the perfect choice for beginners or traders with limited capital. With a minimum lot/volume step of just 0.01/0.01 and spreads starting from 0.6 pips, this Account is designed to help traders ease into the market without incurring significant risks. Additionally, the Account allows deposits starting from 0 cents and has a fast withdrawal of funds. You can make all calculations in cents, which means you can test trading robots in actual market conditions without making substantial financial investments. The account currency is USD cents and GLD.
- The MT4 Fixed Account: For traders who prefer long-term or manual trading, the MT4 Fixed account is an ideal choice. It’s perfect for strategy testing and chart analysis, with spreads set according to currency pair liquidity and volatility. With a minimum deposit of just $50, you can start trading with a minimum lot/volume step of 0.01/0.01 and spreads starting from just 2 pips. There are no commissions to worry about, and you can choose from various account currencies, including EUR, USD, RUR, CHF, and GBP.
- The MT4 NDD Account: This Account offers Market Execution of orders, making them an excellent choice for intraday traders who use scalping strategies that involve multiple short-term trades. The MT4 NDD account is known for its speedy order execution, low floating spreads, and lack of requotes, which can benefit traders. With a minimum deposit of $50 and a commission of just 0.003% from the transaction amount, you can take advantage of the Market Execution of orders. Account currency is EUR, USD, and GLD.
- The MT4 NDD NO COMMISSION Account: This account type offers NDD technology, which gives you direct access to major liquidity providers, and your orders are executed at the best available prices. With no dealing desk, it eliminates the possibility of requotes. The minimum deposit is only $50, with a minimum lot/volume step of 0.01/0.01. The spread starts from 0 pips. The account currency options include EUR, USD, and GLD3.
- The MT5 NDD Account: This trading account has a powerful “market depth” instrument that allows traders to monitor the online market situation in real time. With spreads from 0 pips and a commission of just 0.005%, you can use the MetaTrader 5 platform and its inculcated “market depth” instrument. With a minimum deposit of just $50, this Account is ideal for intraday scalping and automated trading. The account currency is in USD.
- The cTrader NDD Account: With the application of No Dealing Desk technology on cTrader NDD accounts, traders can enjoy direct trading access to some of the world’s most excellent liquidity providers. With the cTrader platform, you’ll have access to leading global liquidity providers, including market depth and an interface for developing expert advisors. The minimum deposit is $50, with no spreads and a low commission of just 0.003% of the transaction amount. Account currency is in USD and EUR.
Tradable instruments
Tradable instruments on FIBO Group trading platforms include:
- CFDs
Frequently asked questions
Find the right answer to your question below.
FIBO Group is a well-established online trading broker that has been in operation for over 20 years. It is regulated by several reputable financial authorities, including the Cyprus Securities and Exchange Commission (CySEC) and the UK’s Financial Conduct Authority (FCA).
Furthermore, FIBO Group offers various measures to ensure the safety and security of its client’s funds, such as segregating client funds from its operating funds and securing its trading platforms with SSL encryption.
All of these point to the fact that FIBO Group Broker appears to be a legitimate online trading broker. However, as with any financial investment, it is always essential to research, understand the risks involved, and make informed decisions based on your circumstances and risk appetite.
Opening a forex trading account with FIBO forex is a straightforward process. Here are the steps you need to follow:
- Visit the FIBO Group website and click the “Open an account” button.
- Fill out the registration form with your personal information, including your name, email address, and phone number.
- Choose the account type best suits your trading needs, such as MT4 Fixed, MT4 Floating, or cTrader.
- Provide your trading experience level, financial information, and other relevant details.
- Agree to the terms and conditions and submit your application.
- Once your application has been approved, you can fund your Account and start trading.
It’s important to note that FIBO Group often requires additional documentation to verify your identity and comply with anti-money laundering regulations.
FIBO Group compared with alternative brokers
To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page.
- Overall verdict
- Trading
- Minimum deposit
- Maximum leverage
- Fees
- Withdrawal fee
- Deposit fee
- Safety
- Top-tier regulators
- Investor protection
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3.9/ 5
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4/ 5
- N/A
- N/A
-
4.1/ 5
- N/A
- N/A
-
3.7/ 5
- CYSEC, FSC
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No
-
See review
-
4.9/ 5
-
5/ 5
- $10
- 1:2000
-
4.8/ 5
- 1%
- $0
-
4.9/ 5
- No
-
Yes
-
See review
-
4.5/ 5
-
4.6/ 5
- $5
- 1:888
-
4.3/ 5
- $0
- $0
-
4.7/ 5
- ASIC, FSC, CYSEC
-
Yes
-
See review
-
4.9/ 5
-
4.9/ 5
- $10
- 1:2000
-
4.8/ 5
- $0
- $0
-
4.6/ 5
- FCA, CYSEC
-
No
-
See review
-
4.1/ 5
-
4.2/ 5
- 0$
- 1:400 (1:30 for EU)
-
3.9/ 5
- 0$
- 0$
-
3.9/ 5
- FCA
-
Yes
-
See review
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