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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.

3.9
/ 5

FIBO Group review

Updated on Dec 8, 2024
|
9 mins read

Overview

The International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is among the oldest players in marginal internet trading. Established in 1998, FIBOGroup has years of experience...
See full overview for FIBO Group
Countries
+9
Devices
Our Verdict
3.9
/ 5
Commissions & Fees
4.1
/ 5
Deposit & Withdrawal
4
/ 5
Customer Support
4.1
/ 5
Account Opening
3.6
/ 5
Regulation & Safety
3.7
/ 5

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

  • Higher-than-Average Spreads

General details

Type of accounts
Cent accounts
Trading platforms
METATRADER 4
METATRADER 5
cTrader
Execution Model
Deposit currency
AUD
CAD
CHF
EUR
GBP
NZD
USD
Regulatory complience
CySEC
Deposit payment systems
Withdrawal payment systems
Support Languges
English
Spanish
Italian
Portuguese
Polish
Indonesian
Vietnamese
Autotrading
cTrader Copy MT4 EA MT5 EA MQL.5 Signals
Contact details
+44 (845) 09-50-118

Customer reviews

Read real reviews from traders all over the world:

J
Joseph Brown
2 October 2023
Advantages: -
Disadvantages: -
Fibo has proven to be a beacon of reliability and professionalism in the world of trading. Their platform is user-friendly, and the customer service team is knowledgeable and helpful. It's clear they prioritize client satisfaction!
B
Birkir Gudjohnsen
30 September 2023
Advantages: -
Disadvantages: -
I am extremely satisfied with Fibo! The customer service is outstanding, with representatives being very responsive and helpful. The features provided by Fibo are advanced and versatile, catering to a wide range of needs. The overall performance and reliability of Fibo have exceeded my expectations, making it an indispensable tool in my daily activities. It’s a pleasure to work with such a forward-thinking and innovative company!
See all 38 customers reviews

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.
Futures & Options Account - FIBO Group
Availability of a VIP account
Phone trading
Trading Platforms
ESIGNAL MultiCharts NinjaTrader CQG Trader Review QST CTS - T4 TRADE NAVIGATOR REALTICK FOREXTRADER PRO DELTATRADER
Deposit currency
USD
Minimum position size
1 units
Maximum position size
No limit on units
Execution type
market
Spread type
Floating
Decimal places
4
Commission
Yes
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
cTrader STP - FIBO Group
Phone trading
Trading Platforms
cTrader
Deposit currency
USD
Stop Out
100 %
Minimum position size
1 units
Maximum position size
No limit on units
Execution type
market
Spread type
Floating
Decimal places
4
Commission
0.003% of transaction amount
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
MT4 NDD - FIBO Group
Phone trading
Trading Platforms
METATRADER 4
Deposit currency
USD
Stop Out
50 %
Minimum position size
1 units
Maximum position size
No limit on units
Execution type
market
Spread type
Floating
Decimal places
4
Commission
0.003% of transaction amount
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
MT4 Floating - FIBO Group
Swap-free account
Phone trading
Trading Platforms
METATRADER 4
Deposit currency
USD
EUR
GBP
CHF
RUB
Stop Out
20 %
Minimum position size
1 units
Maximum position size
No limit units
Execution type
market
Spread type
Floating
Decimal places
4
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents
MT4 Fixed Account - FIBO Group
Swap-free account
Phone trading
Trading Platforms
METATRADER 4
Deposit currency
USD
EUR
GBP
CHF
RUB
Stop Out
20%
Minimum position size
1 units
Maximum position size
No limit on units
Execution type
market
Spread type
Floating
Decimal places
4
Other
Swap free
VIP account
Phone trading
Scalping
Hedging
Spread type
Trading with expert
Trading 24 hours a day
Trailing stop
Interest on free balance
Mailing the documents

Tradable instruments

Tradable instruments on FIBO Group trading platforms include:

  • CFDs
Currencies
43
Indices
20
Commodities
20
Cryptocurrencies
9

Frequently asked questions

Find the right answer to your question below.

Is FIBO Group a Scam?

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.

How do I open a FIBO Group forex trading account?

Opening a forex trading account with FIBO forex is a straightforward process. Here are the steps you need to follow:

  1. Visit the FIBO Group website and click the “Open an account” button.
  2. Fill out the registration form with your personal information, including your name, email address, and phone number.
  3. Choose the account type best suits your trading needs, such as MT4 Fixed, MT4 Floating, or cTrader.
  4. Provide your trading experience level, financial information, and other relevant details.
  5. Agree to the terms and conditions and submit your application.
  6. 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

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