FIBO Group – The Best Forex Broker?
Read our FIBO Group Forex broker review below...
...FIBO Group is a group of companies that forms a financial holding company operating on the international market. This holding has the latest technologies in the field of Internet trading in the financial sphere and asset management. The sphere of influence of this holding covers almost all world markets that participate in Internet trading.
Today FIBO Group is popular among emerging traders and experienced professionals who seek to achieve great success in trade. Thanks to transparency of transactions, convenient instruments and comfortable conditions, trade with FIBO Group has become a fascinating and profitable activity.
Very wide selection of shares
Allows hedging, scalping and EAs
Islamic accounts are available
Low margin requirements
Not available for USA traders
No social trading
Website can be a little tricky
Limited range of instruments
Low number of available CFDs
FIBO Group Review
FIBO Group is one of the old residents of the Internet trade market. The opening of his first company took place in 1998. At that time, FIBO (Financial Intermarket Brokerage Online) specialized in investment consulting activities. In order to organize work in the format of Internet trading in 2003, the company was created Cradlewood Ltd. A year later, the company changed its name to FIBO Group Ltd. Since 2005, the company has been actively implementing the Internet trading system in the CFD market. The holding companies are registered in three different countries of the world: FIBO Group Ltd – in the British Virgin Islands, FIBO Group Holdings Limited is registered in the Republic of Cyprus, the third company FIBO Australia Pty Ltd, respectively, has official registration in Australia. Each investment activity is regulated by FSC, CySEC and FCA special commissions.
FIBO Group Features
FIBO Group gives its clients access to various futures and options exchanges around the world. And all this – through one broker, one of the largest in the world. Customers can trade from a single account with a large number of different instruments from all financial and commodity markets. To provide additional protection to traders, FIBO Group stores all their money in special segregated bank accounts, while the company’s funds are held in a separate account. This provides additional security for customers, which is about the reliability and transparency of the company.
Broker offers training in FIBO Group Academy programs, which are designed for both aspiring traders and more experienced ones. The company also conducts weekly webinars, offers the development of individual strategies of trade of specialists, provides daily analytics from experts of the company.
FIBO Group Platforms
Customers are offered several types of platforms, including MetaTrader 4, MetaTrader 5, WEB Terminal MT4, cTrader. For download on the site available: PC version of the terminal MetaTrader 4, MetaTrader Multi Terminal, designed for traders who manage several accounts at the same time, versions for Android and iOS. MetaTrader 5 is only available for PC. The cTrader terminal is available in the PC and web versions of cTrader Web. The cAlgo platform allows you to create trading robots and your own technical analysis indicators using the language of the C#.
FIBO Group Accounts
Separation of accounts at the broker takes place according to the sites available for trade. Thus, for MT4 there are the following varieties:
- Cent. An account for beginners where you can start with just $1. In this case, the leverage is set up to 1:1000, and the minimum floating spread is 0.6 pips;
- Fixed. Deposit with a fixed spread of 2 pips. The minimum top-up here already reaches $300;
- Ndd. Score with automatic execution and zero spread. But you need to pay a commission of 0.003% of the transaction amount;
- No commission. This option completely lacks any fees. However, the size of the spread will be from 0.8 pips.
Broker also has NDD accounts for cTrader and MT5 sites. Minimum amount for the first is $100 and the second is $500. Leverage in the Meta Trader 5 account is 1:100, which is in line with EU exchange rules.
FIBO Group Payments
To withdraw and replenish your account, Fibo Group offers bank transfer, electronic payment systems WebMoney, Visa/Master Card, Okpay, Neteller, Payoneer, Safecharge, Skrill, Dixipay, Qiwi, RegularPay and Western Union. FIBO Group provides a safe service, the money of traders is stored in separate accounts separately from the company’s own funds. All transactions, both commercial and non-trading, are conducted through encrypted channels.
FIBO Group Support
The customer support at FIBO Group is multi lingual. Depending on where the trader is residing, he can choose the workplace closest to him and phone the support team for support. On the other hand, traders can likewise contact the support team through email, live talk or by requesting a get back to.
FIBO Group Conclusion
Fibo Group is a forex broker who knows its strengths. Namely, providing a large selection of platforms for trading and focusing on excellent execution at market prices. Spreads and commissions are very reasonable and they claim the best performance. They have a number of liquidity providers, so you’ll get accurate price flow and low spreads. Trading with Fibo Group is a good choice, you will have a broker who is interested in keeping you in the win and you will be able to trade on any of the most commonly used platforms available on the market.
FiboGroup FAQ on the broker
1 Is FiboGroup a regulated broker?
Yes, FiboGroup is regulated by FSC, CySEC, FCA in Cyprus and others.
2 What trading platforms does FiboGroup offer?
FiboGroup offers the full suite of MT4, MT5, cTrader, Web.
3 What is FiboGroup maximum leverage?
Maximum leverage at FiboGroup is 1:1000.
4 What methods can I use to deposit and withdraw funds on FiboGroup?
Deposits and withdrawals with this broker can be done using these methods: Bank Transfer, Visa/Master Card, Okpay, Neteller, Payoneer, Safecharge, WebMoney, Skrill, Dixipay, Qiwi, RegularPay and Western Union.
5 What is the spread of the FiboGroup broker?
The spread for this broker is on average FiboGroup is 0.6 - 5 pips.
6 What’s the minimum deposit to open a Live account at FiboGroup?
The minimum deposit to open a Live account is 1 USD.
7 What cryptocurrencies are available at FiboGroup?
In this broker are the following cryptocurrencies for trading: BTC/USD, BCH/USD, ETH/USD, LTC/USD, XMR/USD, XRP/USD, DASH/USD, ZEC/USD.
8 In what currency can I open an account with FiboGroup?
With this brokers you can open an account in currencies: EUR, USD, RUR, CHF, GBP, GOLD, BTC, ETH.
9 What Trading Instruments are available at FiboGroup?
On FiboGroup, you can trade financial instruments such as: Forex, CFDs, Commodities, Crypto, Stocks, Spot metals.