FIBO Group does offer a Demo account for first time traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
Fibo Group at a glance
| Broker's Name | Fibo Group |
| 📍 Headquartered | Limassol, Cypress |
| 📅 Year Founded | 1998 |
| ⚖️ Regulating Authorities | CySEC, FSC BVI |
| 🌐 Countries not accepted for trade | United States, Canada, Australia, Korea, Iran, Iraq, Israel, Japan, Belgium |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | Yes |
| 🚀 Sign up bonus | No |
| 📈 Maximum Leverage | 1:1000 |
| 💰 Minimum Deposit | $50/R800 |
| 💳 Deposit Options | Bank wire transfer Credit and debit cards Neteller Skrill Webmoney FasaPay PayZ Paysafe Card PerfectMoney Raido Finance Bitpay Blockchain Raido Spare |
| 💳 Withdrawal Options | Bank wire transfer Credit and debit cards Neteller Skrill Webmoney FasaPay PayZ Paysafe Card PerfectMoney Raido Finance Bitpay Blockchain Raido Spare |
| 💻 Platform Types | MetaTrader 4, MetaTrader 5, cTrader |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, shares, commodities, indices, metals, and energy |
| 👨💼 Languages supported on Website | English, Spanish, Italian, Portuguese, Polish, Indonesian, Vietnamese and more |
| 👥 Customer Support Languages | English, Spanish, Italian, Portuguese, Polish, Indonesian, Vietnamese and more |
| 📆 Customer Service Hours | 24/5 |
| 👉 Open a account | 👉 Click Here |
Min Deposit
USD 50
Regulators
CySEC, FSC BVI
Trading Platform
MT4, MT5, cTrader
Crypto
Yes
Total Pairs
38
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Choose your quick section of our FIBO Group Demo Account below.
Fibo Group Demo account – 5 key points quick overview:
How to set up a Demo Account – Step by Step- Fibo Group Demo Account Features
- Fibo Group Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is an overview of the FIBO Group Demo Account as well as the features that are offered.
How to set up a Demo Account – Step by Step
Opening a demo account with Fibo Group will consist of the following simple steps:
Step 1 : Click on “open demo account”
Click on the “open demo account” option.
Step 2 : Fill out the form
Provide basic personal information requested.
A forex demo account is also referred to as a practice account, which is used for practicing trading or to test a new trading strategy without any risk to actual money. A forex demo account is also intended for beginners to get familiar with the various aspects of trading.
As such, a demo account will allow traders to learn how to place orders, managing existing trade positions as well as more advanced functions such as testing or fine tuning a trading strategy.
If you are new to trading, then it is highly recommended that you first open a forex demo account until you are comfortable with both your trading strategy as well as the intended trading platform itself.
Fibo Group Demo Account Features
The demo account from Fibo Group will grant users access to the MetaTrader 4 server. This is an excellent opportunity for new traders to test out the platform’s software features within the trading conditions provided by the broker.
It also gives beginner traders the chance to become better acquainted with how the platform works before risking their money in a live trading environment. Because the demo account is funded with virtual currency, you can use it with no risk of losing your own money.
Fibo Group Pros and Cons
| ✔️ Pros | ❌ Cons |
| Demo account gives access to the MetaTrader 4 platform | |
| Easy demo account sign-up process |
Conclusion
Fibo Group is a well-regulated and broad-reaching Forex broker that offers an attractive partnership programme for Introducing Brokers. However, Fibo Group does not offer any additional bonuses or promotions.
FIBO Group does offer a Demo account for first time traders. Traders have access to the same functions, features, and options that they normally would on a live trading account.
You might also like: FIBO Group Review
You might also like: FIBO Group Account Types Overview
You might also like: FIBO Group Fees and Spreads
You might also like: FIBO Group Islamic Account Overview
You might also like: FIBO Group Sign up Bonus
Frequently Asked Questions
Can residents from South Africa open a Fibo demo account?
Yes, Fibo Group does offer a free demo account to residents from South Africa
Is FIBO Group a trusted, reliable broker?
Yes, it has a long-standing history, uses well-known reputable trading platforms and is considered trustworthy.
What is the difference between a demo and live trading account?
A demo account offers the use of virtual funds instead of actual capital. This allows for risk-free trading as well as exploring of both the broker’s offer and the trading platform.
A demo account can be used for a variety of reasons including practice trading, testing trading strategies, exploring platforms and offers, and more.
For how long is the demo account valid?
The demo account from Fibo Group does not expire.
Which live trading accounts does Fibo Group offer?
There are several trading accounts which clients can open with Fibo Group. These consist of the MT4 Cent, MT4 Fixed, Mt4 NDD, Commission-free MT4 NDD, cTrader NDD and MT5 NDD.
What are the available deposit currencies for a live trading account?
Fibo Group accepts only two types of fiat currencies, namely USD and EUR, and a greater variety of cryptocurrencies, including BTC, ETH and XRP.
Therefore, clients wishing to deposit in smaller currencies like ZAR/Rand will most likely incur conversion fees on these transactions.
Top 4 Brokers
