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

4.26
10 reviews
PAYMENT SYSTEMS
  • Deposit
  • Withdrawal

FIBO Group general information

Founded in: 1998 year
Headquarters:
Austria
Minimum Deposit: 0 $
Website: www.fibogroup.com
Website languages:
English, Arabic, Bahasa Indonesia, Spanish, German, Persian, Russian, French
Execution model:
NDD, MM
Deposit currency: USD, EUR, GBP, CHF, RUB
Support languages:
English, Bahasa Indonesia, Spanish, German, Russian, French
Regulated by:
FSC (British Virgin Islands) license №SIBA/L/14/1063
CNMV (Spain)
Mobile trading:
iOS, Android, Windows Phone, BlackBerry OS
Types of offered accounts:
Demo accounts (with time limit), Standard accounts, ECN accounts, STP accounts, Cent accounts, Swap free счета, Segregated accounts
Trust management: PAMM, MAM
Affiliate program: Yes

FIBO Group Forex broker description

Fibo Group is a very credible trader and prides itself in being among the first to incorporate internet trading to its services. The company was founded in 1998 and in its two decades of existence it has carved out a niche for itself in being a top forex player.

Trading Accounts

Fibo Group offers its clients a variety of trading accounts for their different trading strategies. Each of these accounts has different unique features to meet different clients’ needs. These accounts are the mt4 cent account, the mt4 fixed account, the mt4 NDD account, the mt4 NDD no commission account, mt5 NDD account, and the Ctrader NDD account. Below are the accounts and some of their features.

The Mt4 Cent Account

This is an account suitable for clients who want to trade with a minimum amount of funds. It is also suitable for novice clients who are still learning the trade. Its features are:

  1. Minimum spread from 0.6.
  2. No commissions are charged for this account type.
  3. The base currency used is the United States cents.
  4. Leverage of up to 1000.
  5. Does not have a minimum deposit amount.

The Mt4 Fixed Account

This account type is suitable for fast execution of orders and manual trading. Its features are:

  1. Minimum deposit of $300.
  2. The minimum spread is from 2 pips.
  3. No commission is charged on this account.
  4. Leverage of 3200.
  5. The base currencies accepted are the United States dollar, the pound and the euro among others.

The Mt4 NDD Account

The following are the features of this account type:

  1. Minimum deposit of $300.
  2. Minimum lot of 0.01.
  3. Minimum spread from 0 pips.
  4. A commission is charged at 0.003% of transaction amount.
  5. Leverage of 400.
  6. Uses the United States dollar, the euro, and the Great Britain pound as its base currencies.

The Ctrader NDD Account

This account type is different from the rest because it uses the Ctrader platform. Among its features include:

  1. Minimum deposit of $100.
  2. Spreads from 0 pips.
  3. Commissions are charged at 0.003% of the transaction amount.
  4. Uses the United States dollar and the euro as its base currencies.

 

About The Company and Security Of Funds.

The Fibo Group of companies was founded in 1998 in Austria where it also has its headquarters. Ever since its inception, it has managed to expand to other countries offering its services. It has its offices in among the best countries with a good financial backing. Its offices are located in Munich, Vienna, Almaty, Limassol, and Shanghai which are vibrant business hubs and provide the much-needed leverage in operation.

In a bid to give its clients the best services that they can get, Fibo Group has not spared any effort in having the best workforce. This dedicated workforce will ensure that the clients' need s are met and also their various queries are answered. When you take a glance at the Fibo Group customer reviews and comments you will find that the satisfied clients are full of praise for their staff.

Fibo Group is a very legitimate and credible trader and this is evident in their licenses from the various territories that they run their operations from. These licenses from the valid regulatory bodies give them a clean pass to operate within the set jurisdictions. Among the licenses acquired include:

  1. A valid license from the financial services commission (FSC), the body governing its practices in the British Virgin Islands.
  2. A clean bill to operate in Cyprus from the Cyprus Securities and Exchange Commission (CySEC).
  3. Fibo Group follows the set rules set by these regulatory bodies to the latter. Among the rules it complies with is the one dealing with clients funds. In safeguarding clients’ funds, Fibo Group has put up the following measures.
  4. Putting the client's funds in different bank accounts with legitimate banks. This is to make sure that clients' funds do not mix with the company's operating funds.
  5. Signing up for a compensatory scheme that will come along to refund clients’ funds in case of liquidation of the company’s assets.

 

Trading Conditions

Minimum Initial Deposit

The minimum initial deposit stands at $300 on the higher side and will serve as your initial base capital in the execution of trades.

Commissions

Some account types the Ctrader and the mt4 NDD will charge you a commission of 0.003% on the transaction amount.

Trading Platforms

Fibo Group has among the most advanced trading platforms that enhance the trading experience. This is courtesy of the many features that these platforms come with. Its various trading platforms are the Meta trader4, the Meta trader5, and the Ctrader platform.

The Meta Trader4 Trading Platform

This trading platform comes with a lot of unique features under its wings and they include:

  1. User-friendly interface.
  2. Advanced charting and analysis tools.
  3. Has 30 technical indicators.
  4. Minimum traffic consumption.
  5. Supports all types of execution modes.

The Meta Trader5 Platform

The features of the Meta trader5 platform that makes it lucrative include:

  1. Has a user-friendly interface.
  2. Supports all execution modes.
  3. Has advanced charting and analysis tools
  4. Allows for automated and copy trading.
  5. Has access to news from credible sources such as Reuters concerning the forex trade.
  6. Compatible with a host of devices such as ios, windows, android, and mac.

The Ctrader Platform

The Ctrader platform is a platform that provides trading access over the no dealing desk technology. Its features include:

  1. Superb technical analysis tools at your disposal.
  2. Shows you the current market depth.
  3. Fast execution speeds.

 

Promotions

The following are the promotions currently running on the Fibo Group website.

  1. The no desk dealing promotion that will allow you to open an NDD account with only $50.

 

Withdrawals And Deposits

The company offers flexible modes of transactions and accepts modes such as credit cards, bank transfer, and automatic pay through the bitpay pay system. No commissions are charged on deposits and up to 50 dollars will be charged on withdrawals. The least withdrawal amount is $80.

BRIEFLY ABOUT Fibo Group

Fibo Group has all it takes to be a leader in the forex trade. Its nearly two-decade stay in the business has given it the necessary skills to take the forex sector by storm. This is a very credible trader that I would strongly recommend to anyone more so those who want to trade professionally.

Trading accounts of FIBO Group

  • MT4 Fixed
  • MT4 Floating
  • MT4 NDD
  • cTrader STP
  • Futures & Options Account
  • MT4 cent
Trading platforms: MetaTrader 4
Minimum Deposit : 300 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
CHF - Swiss Franc
RUB - Russian Ruble
Trading instruments:
Amount of assets : 70
  • Stocks
Stop Out:
20 %
Minimum position size:
1
Maximum position size:
Нет лимита
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4
Minimum Deposit : 300 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
CHF - Swiss Franc
RUB - Russian Ruble
Trading instruments:
Stop Out:
20 %
Minimum position size:
1
Maximum position size:
Нет лимита
Max. number of orders:
Execution type:
Market Execution
Swap Free:
Yes
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Commission:
No
Phone trading:
Yes
Trading platforms: MetaTrader 4
Minimum Deposit : 50 $
Deposit currency : USD - US Dollar
Trading instruments:
Stop Out:
50 %
Minimum position size:
1
Maximum position size:
Нет лимита
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Commission:
0.003% of the trade amount
Phone trading:
Yes
Trading platforms: cTrader
Minimum Deposit : 300 $
Deposit currency : USD - US Dollar
Trading instruments:
Stop Out:
100 %
Minimum position size:
1
Maximum position size:
Нет лимита
Max. number of orders:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
No
Spread type:
Floating
Decimal places:
4 decimal places
Commission:
0.003% of the trade amount
Phone trading:
Yes
Trading platforms: eSignal, MultiCharts, NinjaTrader, CQG Trader, QST, R | Trader, CTS - T4, Trade Navigator, RealTick, X_Trader, MarketDelta Trader
Minimum Deposit : 2000 $
Deposit currency : USD - US Dollar
Trading instruments:
Minimum position size:
1
Maximum position size:
Нет лимита
Max. number of orders:
Execution type:
Market Execution
Swap Free:
No
VIP Account:
Yes
Spread type:
Floating
Decimal places:
4 decimal places
Commission:
Yes
Phone trading:
Yes
Minimum Deposit : 0 $
Deposit currency : USD - US Dollar
Trading instruments:
Execution type:
Instant Execution
Swap Free:
No
VIP Account:
No
Spread type:
Floating
Decimal places:
5 decimal places
Commission:
нет
Phone trading:
No

Monitoring of FIBO Group's MT4 Floating account

FIBO Group spreads All spreads FIBO Group

Enable data feed
EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Live spread

N/A N/A N/A N/A N/A N/A N/A N/A
Average spread
for the past
30 days
Average spread Interval:
N/A N/A N/A N/A N/A N/A N/A N/A

FIBO Group quotes All quotes FIBO Group

Enable data feed
EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Ask
N/A N/A N/A N/A N/A N/A N/A N/A
Offers
N/A N/A N/A N/A N/A N/A N/A N/A

FIBO Group swaps All swaps FIBO Group

EUR/USD GBP/USD USD/CHF USD/CAD USD/JPY AUD/USD NZD/USD EUR/AUD
Long
-14.3 -13.3 5.5 0.6 4.6 -5.6 -1.5 -12
Short
7.5 3.3 -13.6 -10.5 -12.5 -2.2 -1 2

Contacts of FIBO Group

Representative office
Russia , Moscow Страстной бульвар, д. 8А
show on the map
8-499-703-36-04 Customer support

Recent customer reviews of FIBO Group

Vanessa Vikander 08 August 2018

Advantages: low commision

Disadvantages: Not enough CFDs

Comment: I trade with Fibo Group last few months, before i have traded with Pepperstone. Fibo has faster executions, fast withdrawals(max 2-3 days), NO REQUOTES.. Bank account is in Germany(not in Cyprus, so is safe;)). Good contact with customer support and manager. Only one minus- negative swaps, but usually I do not leave opened position for night. General, very good broker. Good luck!

Comment
Add a COMMENT
Paul Troy 25 January 2018

Advantages: Maximum position size without limit, no commissions, for the start you need only 300 bucks

Disadvantages: no MT5

Comment: For a successful start this broker needs only 300 bucks. I like that there are no hidden commissions. If you add MT5, it will be fine.

Comment
Add a COMMENT
Marta Morissson 16 November 2017

Advantages: easy to earn here

Disadvantages: have not noticed

Comment: I've been trading with FIBO Group for 2 years already, and I can say that I made a lot of money, they always have their conclusions automatically within 20 minutes on a bank card and on electronic wallets. I have never been there to delay the withdrawal. There were a couple of moments when you think that you are being watched and knocked down by your account, but then you looked at prices from other brokers and the prices were the same. For the first time I invested 750 dollars, and I was afraid that this money would come, but in reality I ran into a partner who, until now, has helped me to earn good money.

Comment
Add a COMMENT

FIBO Group news & press-releases

All news FIBO Group
15 MARCH, 2019
Minimum deposit amount to be reduced to $50

Dear clients! FIBO Group gladly announces that from the 15th of March the minimum deposit amount shall be 50 US dollars or equivalent in other currency.  Thus, in order to enable trading operations, the following account type ...

Read more
14 MARCH, 2019
CFD – Rollover (USOIL)

Dear Clients, Please note that USOIL contract rollover procedures will start on March 18: there will be a new May Contract (USOIL.MAY9) available for trading, April contract (USOIL.APR9) will be set in "close-only" mode. All ...

Read more
07 MARCH, 2019
Temporary change in CFD trading sessions

Dear Clients! Due to the daylight saving time clock shift in the USA on the 10th of March and considering the fact that Europe will shift clocks on the 31st of March, some alterations will be made to the CFD trading sessions ...

Read more

FIBO Group analisis & forecasts

All analysis FIBO Group
02 FEBRUARY, 2018
Time to exit the Australian dollar

After temporarily breaking through last Septembers high of US81.26c the Australian dollar has reversed sharply and in today’s session has racked up its 5th straight day of losses. Investors obviously felt uncomfortable with t ...

Read more
01 FEBRUARY, 2018
Fewer rate hikes to boost gold

Gold has managed to find good support over the last 3 trading sessions at around $1,340 while also making a higher top from the September highs and the chances for a push higher looks promising. The latest Fed rate decision y ...

Read more
31 JANUARY, 2018
No rate hikes to hurt the Australian dollar

The Australian dollar is under pressure in today’s trading session after another poor round of disappointing inflation numbers cast doubt on a rate hike expected by the RBA in the coming months. Quarterly CPI figures hit the ...

Read more

FIBO Group is often compared with

GO Markets
Compare
Pepperstone
Compare
IC Markets
Compare
LiteForex
Compare

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.
If you like this discussion on TopBrokers.com then please like us on Facebook