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FIBO Group Review
FIBO Group general information
Founded in: | 1998 year |
Headquarters: | Austria |
Minimum Deposit: | 0 $ |
Website: | www.fibogroup.com |
Website languages: |
English, Arab, Indonesian, Spanish, Deutsch, Persian, Russian, French |
Execution model: | NDD, MM |
Deposit currency: | USD, EUR, GBP, CHF, RUB |
Support languages: |
English, Indonesian, Spanish, Deutsch, 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 a time limit), Standard Accounts, ECN accounts, STP accounts, Cent accounts, Swap free accounts, 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:
- Minimum spread from 0.6.
- No commissions are charged for this account type.
- The base currency used is the United States cents.
- Leverage of up to 1000.
- 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:
- Minimum deposit of $300.
- The minimum spread is from 2 pips.
- No commission is charged on this account.
- Leverage of 3200.
- 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:
- Minimum deposit of $300.
- Minimum lot of 0.01.
- Minimum spread from 0 pips.
- A commission is charged at 0.003% of transaction amount.
- Leverage of 400.
- 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:
- Minimum deposit of $100.
- Spreads from 0 pips.
- Commissions are charged at 0.003% of the transaction amount.
- 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:
- A valid license from the financial services commission (FSC), the body governing its practices in the British Virgin Islands.
- A clean bill to operate in Cyprus from the Cyprus Securities and Exchange Commission (CySEC).
- 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.
- 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.
- 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:
- User-friendly interface.
- Advanced charting and analysis tools.
- Has 30 technical indicators.
- Minimum traffic consumption.
- Supports all types of execution modes.
The Meta Trader5 Platform
The features of the Meta trader5 platform that makes it lucrative include:
- Has a user-friendly interface.
- Supports all execution modes.
- Has advanced charting and analysis tools
- Allows for automated and copy trading.
- Has access to news from credible sources such as Reuters concerning the forex trade.
- 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:
- Superb technical analysis tools at your disposal.
- Shows you the current market depth.
- Fast execution speeds.
Promotions
The following are the promotions currently running on the Fibo Group website.
- 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
|
Stop Out:
| 20 % |
Minimum position size:
| 1 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Commission:
| Not |
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 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Yes |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Commission:
| Not |
Phone trading:
| Yes |
Trading platforms: | MetaTrader 4 |
Minimum Deposit : | 50 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| |
Stop Out:
| 50 % |
Minimum position size:
| 1 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Commission:
| 0.003% of transaction amount |
Phone trading:
| Yes |
Trading platforms: | cTrader |
Minimum Deposit : | 300 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| |
Stop Out:
| 100 % |
Minimum position size:
| 1 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Commission:
| 0.003% of transaction 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 лотов |
Maximum position size:
| No limit лотов |
Max. number of orders:
| |
Execution type:
| Market Execution |
Swap Free:
| Not |
VIP Account:
| Yes |
Spread type:
| Floating |
Decimal places:
| 4 characters |
Commission:
| Yes |
Phone trading:
| Yes |
Minimum Deposit : | 0 $ |
Deposit currency : | USD - US Dollar |
Trading instruments:
| |
Execution type:
| Instant Execution |
Swap Free:
| Not |
VIP Account:
| Not |
Spread type:
| Floating |
Decimal places:
| 5 characters |
Commission:
| Not |
Phone trading:
| Not |
Monitoring of FIBO Group's MT4 Floating account
FIBO Group spreads All spreads FIBO Group
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 spreadInterval: | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
FIBO Group quotes All quotes FIBO Group
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 | -13.3 | -9.9 | 4.3 | -1.8 | 3.7 | -5.6 | -4.3 | -14.5 |
Short | 4.3 | 1.5 | -13.5 | -5.3 | -13 | 0.5 | -0.4 | 2.4 |
Contacts of FIBO Group
Recent customer reviews of FIBO Group
Advantages: Reliability and transparency of the service Bonuses for beginners No minimum deposit Analytics Narrow spreads Quick withdrawal of funds
Disadvantages: None
Comment: I really liked that they have no commission for depositing and withdrawing. The minimum amount to deposit is only $20. It's super. I opened a couple of deals while there were no questions, if anything, I will contact support.
Advantages: Technical support in the language of traders A simple trading platform A variety of assets for investment Trading training Affordable Forex trading Round-the-clock access to markets Personal professional support for traders Access to the terminal without registration
Disadvantages: Offshore Broker Not enough information on the site Unknown trading conditions
Comment: For 2 years of trading in maximarkets, I received a very good income, which allowed me to part with an unloved job. I like everything here: platform, tools, spreads, account types, support. There have never been any problems with withdrawing money. Many complain about managers. Well, I don't know, they don't bother me. Analytics is commendable. I use it in my trading. In short, I am personally satisfied with the trade.
Advantages: Order execution speed Average market spreads — from 0.3 points
Disadvantages: None
Comment: I opened an account here last November and chose this platform. Although there was a choice of MT4 and I have already tried it. As for me, if you deal with the platform, it's nothing complicated. Now I've even seen webinars in Russian on it. As they say, she came to me. A lot of things are unlikely to be used at all sometime. And there are branded chips, very convenient and useful, which is not in MT4 or in the fifth version. And in general, the broker is without any problems. Such a solid, reliable Western bank broker. I recommend it.
FIBO Group news & press-releases
All news FIBO GroupDear Clients, Please note that SUGAR rollover procedures will start on 27.06.2022: There will be a new contract SUGAR.OCT2 available for trading. SUGAR.JUL2 contract will be set in “close-only” mode. All SUGAR.JUL2 open posit ...
Read moreDear Clients, Please note that CORN, WHEAT, SOY rollover procedures will start on 27.06.2022: There will be new contracts CORN.DEC2, WHEAT.SEP2, SOY.NOV2 available for trading. CORN.JUL2, WHEAT.JUL2, SOY.JUL2 contracts will b ...
Read moreDear Clients, Please note that NATGAS, GASLN, HTOIL rollover procedures will start on 27.06.2022: There will be new contracts NATGAS.AUG2, GASLN.AUG2, HTOIL.AUG2 available for trading. NATGAS.JUL2, GASLN.JUL2, HTOIL.JUL2 cont ...
Read moreFIBO Group analisis & forecasts
All analysis FIBO GroupEuro outlook is bleak The Euro is under further pressure against the US dollar- in today’s trading session and even a strong round of data was not enough to boost the European currency and according to some analysts, there ma ...
Read moreEuro steady after strong data The Euro received some support against the US dollar in yesterday’s trading session after a solid round of data from the Eurozone gave a temporary relief from the current political tensions and a ...
Read moreEuro steady awaiting US inflation numbers The Euro has now found itself in a new trading range for the past 5 days against the US dollar but that will probably change today with the release of key data from the US which may d ...
Read more