Fibo Group provides both fixed and floating spreads which begin at 0.3 pips for EUR/USD. Fibo Group charges both deposit fees and withdrawal fees. For deposits, these consist of bank transfers between $35-50, though most other deposit methods are free. Withdrawal fees start from 0.5%.
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 Expert Option Fees Spreads and Commission below.
Fibo Group Fees and spreads – 6 key points quick overview:
Fibo Group Fees and Spreads- Fibo Group Additional Trading Fees
- Fibo Group Broker Fees
- Fibo Group Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the FIBO Group Fees Spreads and Commission as well as the features that are offered, which could effect your trading.
Fibo Group Fees and Spreads
Traders with Fibo Group can expect the following spread list:
☑️ Fibo Group provides both fixed and floating spreads which begin at 0.3 pips for EUR/USD and 1 pip for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.
☑️ Fibo Group also charges commissions, depending on the account type, as some are offered commission-free. These start from 0.003% from the amount of the transaction.
Fibo Group Additional Trading Fees
Fibo Group charges both deposit fees and withdrawal fees. For deposits, these consist of bank transfers between $35-50, though most other deposit methods are free. Withdrawal fees start from 0.5%.
Fibo Group also charges an inactivity fee of $91 on accounts that have remained dormant for 91 days. Fibo Group does charge swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
A swap-free account is available for traders of the Muslim faith, for whom such interest is strictly prohibited by Sharia law.
Fibo Group Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution. As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency which is different from their account base currency.
As Fibo Group is not a spread betting broker, and so spread betting fees will not apply.
Fibo Group Pros and Cons
| ✔️ Pros | ❌ Cons |
| Low minimum deposit | Conversion fees will apply to most currencies |
| Tight spreads offered with ECN conditions | Deposit and withdrawal fees |
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 provides both fixed and floating spreads which begin at 0.3 pips for EUR/USD. Fibo Group charges both deposit fees and withdrawal fees. For deposits, these consist of bank transfers between $35-50, though most other deposit methods are free. Withdrawal fees start from 0.5%.
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Frequently Asked Questions
What spreads can I expect with Fibo Group?
Floating spreads that begin at 0.3 pips for EUR/USD and 1 pip for major indices, incl. NASDAQ. Gold spread is around 0.5 USD and crude oil is 8 cents.
Does Fibo Group offer leverage?
Yes, maximum leverage is 1:1000 in MT4 Cent account and 1:400 for most other account types. EU clients expect leverage up to 1:50 for standard traders and up to 1:400 for professionals.
Does Fibo Group charge commission?
Yes. Commissions depend on the account type, as some are offered commission-free. These start from 0.003% from the amount of the transaction.
Is Fibo Group regulated?
Yes. FIBO Group Holdings Ltd is authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC), under license number 118/10. FIBO Group is a member of the Investor Compensation Fund, which can cover up to €20,000 per client.
FIBO Group Ltd is also regulated by the Financial Services Commission (FSC) in the British Virgin Islands, under license number SIBA/L/13/1063.
