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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

4.47
35 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, 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:

  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
  • Promotions
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

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Live spread

N/AN/AN/AN/AN/AN/AN/AN/A
Average spread
for the past
30 days
Average spreadInterval:
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FIBO Group quotes All quotes FIBO Group

Enable data feed
EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Ask
N/AN/AN/AN/AN/AN/AN/AN/A
Offers
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FIBO Group swaps All swaps FIBO Group

EUR/USDGBP/USDUSD/CHFUSD/CADUSD/JPYAUD/USDNZD/USDEUR/AUD
Long
-13.3-9.94.3-1.83.7-5.6-4.3-14.5
Short
4.31.5-13.5-5.3-130.5-0.42.4

Contacts of FIBO Group

Представительство
Россия , МоскваСтрастной бульвар, д. 8А
show on the map
8-499-703-36-04Поддержка клиентов

Recent customer reviews of FIBO Group

Evan Ball 16 November 2022

Advantages: Investing in stocks of world leaders Extensive theoretical base: analytics, news, educational section with hundreds of materials (text, graphic, video) Deposits in US dollars, bitcoins, ethereums PAMM service Copying trading signals

Disadvantages: No

Comment: Fast withdrawal of funds and quality execution are, in my opinion, the most important advantages of the broker. But even beyond that there is a lot to praise - just today there was a slip that went to my advantage. And it is not the first time. In my experience I have been dealing with other brokers, but slippage is only negative and here it is positive. That is why the conclusion is: there is no help here to drain the depo, it is really for the clients!

Comment
Add a COMMENT
Sylvester Mcbride 04 October 2022

Advantages: Stability and reliability of the company Training materials and analytics Social Trading system Fast execution of transactions Automated Expert Advisor Trading Hedging and scalping

Disadvantages: High spreads

Comment: The broker does not yet have ratings and a certain reputation, as evidenced by the lack of information on many Russian thematic resources. Traders do not share their experience with a broker, which cannot be a guarantee that the company is unreliable. Our analysis of the project made it clear that the broker has every opportunity to become one of the best players in the market, having everything necessary for high-quality trading. This includes the convenient MetaTrader 5 platform, a mobile application, starting bonuses and many supported payment systems. However, the broker cannot boast of a high—quality support service - traders can only have a conversation via e-mail

Comment
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Jefferson Butler 09 September 2022

Advantages: Permanent deposit bonuses and compensation for losses Unlimited demo account Favorable terms of the affiliate program Operational Support Service

Disadvantages: No

Comment: Quite a normal and most importantly well-regulated broker. I have been working with them for more than 3 years. Everything is fine. Yes, they do not offer a bunch of all sorts of lures like bonuses, promotions and all sorts of million percentages. And for me, this is an indicator of the company's honesty. Now, of course (in quarantine, in particular), people rushed to look for a quick and easy income - and of course they themselves safely gave their money to all sorts of scammers who offer millions of percent of income – that's what I definitely don't believe and I don't advise others!!! About the work of the terminal – the spreads are small, the execution is almost perfect, I did not notice requotes. The output is fast and for every taste. And most importantly, they give you money. Why do I mean all this, now a lot of dirt is being poured on all brokers in a row, but I would like to protect in advance and people who read it will be able to try their hand at the foreign exchange market with a decent broker.

Comment
Add a COMMENT

FIBO Group news & press-releases

All news FIBO Group
22 NOVEMBER, 2022
CFD — Rollover (CORN, WHEAT)

Dear Clients, Please note that CORN, WHEAT rollover procedures will start on 28.11.2022: There will be new contracts CORN.MAR3, WHEAT.MAR3 available for trading. CORN.DEC2, WHEAT.DEC2 contracts will be set in “close-only” mod ...

Read more
22 NOVEMBER, 2022
CFD — Rollover (SLVR, COPPER)

Dear Clients, Please note that SLVR, COPPER rollover procedures will start on 28.11.2022: There will be new contracts SLVR.MAR3, COPPER.MAR3 available for trading. SLVR.DEC2, COPPER.DEC2 contracts will be set in “close-only” ...

Read more
22 NOVEMBER, 2022
CFD — Rollover (GLD)

Dear Clients, Please note that GLD rollover procedures will start on 28.11.2022: There will be a new contract GLD.FEB3 available for trading. GLD.DEC2 contract will be set in “close-only” mode. All GLD.DEC2 open positions sho ...

Read more

FIBO Group analisis & forecasts

All analysis FIBO Group
12 OCTOBER, 2022
Euro to retest recent lows

Euro to retest recent lows The Euro has managed to stage somewhat of a rally against the US dollar over the last 5 trading sessions against the US dollar, once again trying to break above parity but that may be a tall order t ...

Read more
01 AUGUST, 2022
Euro continues post Fed rally

Euro continues post Fed rally The Euro has managed to claw out some hard fought gains against the US dollar over the last few days but enters the new week on a firmer footing and may continue to climb in the weeks ahead if th ...

Read more
01 JULY, 2022
Euro supported by strong inflation figures

Euro supported by strong inflation figures The Euro is finding some strong support in today’s trading session after another round of strong CPI figures all but assured that the European Central bank will move ahead with rate ...

Read more

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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.