FIBO Group Review

 

Overall, FIBO Group can be described as low risk and has an overall rating of 6 out of 10. FIBO Group offers a maximum leverage ratio of 1:1000 with a minimum deposit amount of $50/R800 and is regulated by CySEC and FSC.

 

 

 

 

Fibo Group Spider Chart

 

 

Pros and cons

✅ Pros	❌ Cons
Established Reputation: Operating since 1998, FIBO Group has a long-standing presence in the forex and CFD markets.	Offshore Regulation: Currently regulated by the British Virgin Islands Financial Services Commission (FSC), which may offer less investor protection compared to top-tier regulators.
Diverse Account Types: Offers various account types, including MT4 Cent, MT5 Fixed, and cTrader Zero Spread, catering to different trading preferences.	Limited Educational Resources: Educational materials are somewhat basic, which may not suffice for beginners seeking comprehensive learning tools.
Competitive Spreads: Spreads start from 0.6 pips on major currency pairs, appealing to active traders.	Mixed Customer Feedback: Customer reviews are varied, with some users reporting issues related to customer support and withdrawal processes.
High Leverage Options: Provides leverage up to 1:1000, offering significant trading potential.	Restricted Access: Not available to residents of certain countries, including the USA, UK, and Australia.

 

Overview

 

• According to research in South Africa, FIBO Group is a multi-award-winning brokerage firm and one of the oldest internet trading companies in the world. The company acts according to high international standards.
• FIBO Group, Ltd. adheres to several principles, including those of transparent activities, the protection and security of customer funds, as well as strict compliance with applicable laws and orders of national regulators.
• The company has a global presence across Europe, Central Asia, and East Asia. It has offices in Kyiv, Singapore, Vienna, Limassol, Munich, and Astana.
• Unfortunately, due to legal restrictions, the company does not offer its services to residents of the United States, Great Britain, Australia, Austria, North Korea, Belgium, or Iraq.
• FIBO Group, Ltd. offers its customers several advantages, such as award-winning platforms, global operations, and technologically advanced software.

 

Featured Offered

• FIBO Group, established in 1998, is a leading online broker offering access to global financial markets, including forex, CFDs on stocks, metals, cryptocurrencies, and indices, as well as PAMM investment services.
• The broker supports multiple trading platforms such as MetaTrader 4, MetaTrader 5, and cTrader, designed to suit various trading styles and strategies.
• FIBO Group provides competitive trading conditions with options for variable and fixed spreads, commission-based accounts, no deposit fees, and a cashback program rewarding trading activity.
• Additionally, its partner program offers attractive commissions of up to 65% plus monthly bonuses, while its regulation by the British Virgin Islands Financial Services Commission ensures client security and compliance.

 

 

Fibo Group Customer Reviews

• Customer reviews of FIBO Group present a mix of positive and critical feedback.
• Many traders praise the broker for its reliable trading platforms, tight spreads, and fast execution speeds, particularly on MetaTrader and cTrader.
• Clients also highlight responsive customer support and helpful account managers who assist with technical and trading issues.
• However, some users express dissatisfaction with withdrawal delays and limited transparency in certain processes.
• Others note inconsistencies in customer service response times.

 

 

 

 

FIBO Group Safety and Security

 

• The activity of FIBO Group, Ltd. is regulated by the Financial Services Commission (FSC) BVI, registration number of the licence: SIBA/L/13/1063.
• Being a regulated FSC company, customers can be automatically assured that the company complies with rules and regulations such as segregated accounts, fund protection, and regular audits.
• This is a great comfort for traders that this is not a scam.

 

What measures does FIBO Group take to ensure client fund safety?

FIBO Group safeguards client funds by keeping them in segregated bank accounts, separate from the company’s operational funds. This ensures traders’ money is protected even in the event of financial difficulties, maintaining transparency and trust.

 

Is FIBO Group a regulated and licensed broker?

Yes, FIBO Group operates under strict regulatory oversight from multiple financial authorities. Its entities are licensed by reputable regulators, ensuring compliance with international financial standards and providing traders with a secure and transparent trading environment.

 

 

Fibo Group at a glance

 

Fibo Group Account Types

• There are several trading accounts that 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.
• Added to this, traders can also open a demo account for access to the MetaTrader 4 platform, while an Islamic, swap-free account is available to traders of the Muslim faith.
• The first stage of registration with Fibo Group is creating your Client Area. To do this, you need to indicate your email address and phone number in the sign-up form on the site.
• An email will be sent to the address you specified with your username and password to access your Client Area. Save it.

 

MT4 NDD Account

 

• NDD (No Dealing Desk) technology that is implemented on MT4 NDD accounts grants an opportunity to trade with prices from the largest liquidity providers for world electronic networks.
• This technology may be useful to traders who prefer intraday trading (scalping), especially on news releases that increase the volatility of the market.

 

 

MT4 Cent Account

 

• The MT4 Cent Account is perfect for traders who are just learning how to trade Forex and require access to the minimum possible trading volume.
• The important advantages of the MT4 Cent Account would be the low floating spread from 0.6 points, deposits starting from 0 cents, the lack of risks and fast withdrawal of funds.

 

 

MT4 NDD No Commission Account

 

• The NDD (No Dealing Desk) technology that is implemented on the MT4 NDD accounts allows users to access prices from the largest liquidity providers for world electronic networks.
• This technology may be worthwhile to those who prefer intraday trading (scalping), especially on news releases that increase the volatility of the market.

 

 

MT4 Fixed Account

 

• On MT4 Fixed accounts, Fibo Groups acts as a market maker, providing quotes with fixed spreads starting from 2 pips.
• Traders who prefer expert advisors will prefer this account type as long as the fixed spreads allow them to test a strategy and apply it to automated trade.
• This is because the customization ability of expert advisors is based on the price history, where the “interval” between bid and ask is constant.

 

 

MT5 NDD Account

 

• MT5 NDD accounts are designed to be used on the popular MetaTrader 5 platform.
• The account is well-suited to intraday scalping and EA automated trading. Moreover, it has a useful “market depth” instrument that provides traders with online market conditions.

 

 

cTrader NDD Account

 

• cTrader NDD accounts are like the MT4 NDD accounts, but on another trading platform.
• On cTrader NDD accounts, No Dealing Desk technology is applied, which will afford users the ability to trade directly with the world’s greatest liquidity providers.
• cTrader is a user-friendly and flexible trading platform.

 

 

 

What types of trading accounts does FIBO Group offer?

FIBO Group provides a variety of account types, including MT4 Cent, MT4 Fixed, MT4 NDD, and cTrader NDD accounts. Each account is tailored to different trading styles, offering varying spreads, leverage options, and minimum deposit requirements.

 

Which FIBO Group account is best for beginners?

The MT4 Cent account is ideal for beginners, as it allows trading with small amounts of capital while learning the platform and strategies. It provides tight spreads, high leverage options, and a low-risk environment for developing trading skills safely.

 

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, manage 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 Fees and Spreads

• 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.

 

What types of fees does FIBO Group charge?

FIBO Group charges minimal trading fees, which vary depending on the account type. Standard accounts may include spreads only, while professional accounts like NDD or cTrader accounts may also have a commission per lot, keeping overall costs competitive.

 

How tight are FIBO Group spreads?

FIBO Group offers competitive spreads that vary by account type and market conditions. Fixed accounts have stable spreads, while NDD and cTrader accounts provide floating spreads, often as low as 0.0 pips on major currency pairs, allowing traders to optimize trading costs.

 

 

FIBO Group Trading platforms

• FIBO Group offers a versatile range of trading platforms designed to suit traders of all levels and strategies.
• Its MetaTrader 4 platform is popular for its user-friendly interface, advanced charting tools, and support for automated trading through Expert Advisors.
• MetaTrader 5 builds on this with additional timeframes, enhanced charting, and broader market access, including stocks and futures, making it ideal for diversified trading.
• The cTrader platform provides an intuitive interface, Level II pricing, one-click trading, and algorithmic trading through cAlgo, favored by scalpers and professional traders.

 

MetaTrader 4 (MT4)

 

• MetaTrader 4 is a widely recognized platform known for its user-friendly interface and robust features.
• It supports automated trading through Expert Advisors (EAs), offers advanced charting tools, and provides access to a wide range of financial instruments.
• MT4 is suitable for both novice and experienced traders seeking a reliable and efficient trading environment.

 

MetaTrader 5 (MT5)

 

• MetaTrader 5 builds upon the foundation of MT4, introducing additional features such as more timeframes, enhanced charting capabilities, and improved order management.
• It supports trading in a broader range of markets, including stocks and futures, making it ideal for traders looking to diversify their portfolios.
• MT5 also offers improved performance and a more intuitive interface.

 

cTrader

 

• cTrader is a modern trading platform known for its intuitive interface and advanced charting tools.
• It offers features like Level II pricing, one-click trading, and automated trading through cAlgo.
• cTrader is particularly favored by scalpers and algorithmic traders for its speed and precision.

 

WebTerminal MT4 & MT5

 

• WebTerminal provides browser-based access to both MT4 and MT5 platforms, allowing traders to manage their accounts and execute trades without the need for software installation.
• It offers a convenient solution for traders who require flexibility and access from different devices.

 

cTrader Copy

 

• cTrader Copy is a social trading platform that enables traders to copy the strategies of successful traders.
• It allows users to follow experienced traders, replicate their trades, and potentially benefit from their expertise.
• This platform is suitable for those looking to leverage the knowledge of others in their trading endeavors.

 

FIBO Forex Drive

 

• FIBO Forex Drive is a mobile application designed to provide traders with access to their accounts on the go.
• It offers features like account management, trade execution, and market analysis, ensuring that traders can stay connected and manage their trades from anywhere.

 

 

Which trading platforms are available at FIBO Group?

FIBO Group offers MetaTrader 4, MetaTrader 5, and cTrader platforms. These platforms provide advanced charting tools, automated trading capabilities, and user-friendly interfaces, catering to both beginner and professional traders across desktop, web, and mobile devices.

 

Can I use FIBO Group platforms for automated trading?

Yes, FIBO Group supports automated trading on MetaTrader 4, MetaTrader 5, and cTrader. Traders can implement Expert Advisors (EAs), custom indicators, and algorithmic strategies to execute trades automatically, enhancing efficiency and allowing consistent trading even without manual intervention.

 

Fibo Group Deposits and Withdrawals

 

• FIBO Group offers flexible leverage options across its various account types, catering to different trading strategies and risk appetites.
• For example, the MT5 Cent account provides leverage up to 1:5000, making it suitable for beginners and those testing strategies with minimal capital.
• On the other hand, the cTrader Zero account offers leverage up to 1:1000, allowing for more substantial positions with a higher degree of risk. It's important to note that during weekends and public holidays, margin requirements may increase from 1% to 3%, effectively reducing leverage to a maximum of 1:33.
• Traders are advised to adjust their positions accordingly to comply with these temporary changes. These varied leverage options enable traders to choose an account type that aligns with their trading experience and risk tolerance.

 

What deposit methods does FIBO Group support?

FIBO Group offers a variety of deposit options, including bank transfers, credit and debit cards, and popular e-wallets. Deposits are typically processed quickly, allowing traders to fund their accounts efficiently and start trading without delays.

 

How long does it take to withdraw funds from FIBO Group?

Withdrawal processing times at FIBO Group depend on the chosen method. E-wallets and card payments are usually processed within 24 hours, while bank transfers may take several business days. The broker ensures secure and reliable fund transfers for all clients.

 

💠 Feature	💰 Deposit	💸 Withdrawal
🏦 Payment Methods	Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller)	Bank Transfer, Credit/Debit Cards, E-wallets (Skrill, Neteller)
⏱️ Processing Time	Instant to 1–3 business days (depends on method)	1–5 business days (depends on method)
💵 Minimum Amount	$50 (varies by account type and method)	$50 (varies by method)
💳 Fees	Usually free, some methods may charge a small fee	Usually free, some methods may charge a small fee

 

Leverage

• FIBO Group offers a wide range of leverage options, allowing traders to adjust their risk exposure according to account type and trading strategy.
• Leverage can range from 1:1 up to 1:5000 for certain accounts, making it accessible for beginners and those testing strategies with minimal capital.
• More advanced accounts, such as the cTrader Zero account, provide leverage options from 1:25 to 1:1000, catering to experienced traders who seek tighter spreads and faster execution.
• It is important to note that during weekends and public holidays, margin requirements may increase, effectively reducing the maximum leverage.

 

 

FIBO Group vs XM – A Comparison

 

Fibo Group Research

• FIBO Group offers a comprehensive suite of research tools designed to support traders in making informed decisions.
• Their Market Analysis section provides daily insights, expert opinions, and technical analyses on major instruments, including forex pairs, commodities, indices, and cryptocurrencies.
• Additionally, the Forecasts section offers forward-looking perspectives on market trends, assisting traders in anticipating potential movements.
• To further aid in decision-making, FIBO Group supplies real-time charts, stock prices, and an economic calendar, ensuring traders have access to timely and relevant information.

 

 

Fibo Group Awards

• FIBO Group has garnered numerous industry accolades over the years, underscoring its commitment to excellence in financial services.
• At the 2015 Moscow Forex Expo, the company received three prestigious awards: Best Forex Broker in Russia and CIS, Best Standard Forex Broker, and Best Analytical Support Service.
• In 2014, FIBO Group was honored with the Best PAMM Service Broker award at the China International Online Trading Awards.
• These recognitions highlight FIBO Group's dedication to providing quality services and support to its clients.

 

Customer Reviews

⭐ Aristos Panteli, Senior Account Manager

Aristos Panteli is a dedicated Senior Account Manager known for his professionalism, deep market knowledge, and personalized client approach. He consistently provides expert guidance, helping traders achieve their financial goals through clear communication and effective trading strategies.

 

⭐ Great assistance from Aristos Panteli!

Clients frequently praise Aristos for his exceptional support, quick responses, and commitment to client success. His ability to simplify complex trading concepts and provide tailored advice makes every interaction efficient, informative, and genuinely supportive for both new and experienced traders.

 

⭐ I have worked with many different…

I have worked with many different account managers across various brokers, but none have matched Aristos Panteli’s professionalism and dedication. His consistent follow-up, honest communication, and genuine concern for clients’ progress set him apart in the trading industry.

 

 

Disclaimer

Trading on Forex market implies serious risk, including the risk of loss of all the funds invested.

Please take into account that trading on the forex market isn’t suitable for all investors and traders, according to research in South Africa.

 

You might also like:

FIBO Group Demo Account – Step by Step

FIBO Group Fees and Spreads

FIBO Group Islamic Account Overview

FIBO Group Minimum Deposit

FIBO Group Sign-up Bonus

 

Frequently Asked Questions

 

What is FIBO Group?

FIBO Group is a global online forex and CFD broker offering access to financial markets since 1998. It provides trading services in currencies, commodities, indices, and cryptocurrencies through trusted platforms like MetaTrader 4, MetaTrader 5, and cTrader.

 

Is FIBO Group regulated?

Yes, FIBO Group is regulated by respected financial authorities, ensuring compliance with international trading standards. The company maintains transparency, client fund protection through segregated accounts, and adheres to strict operational procedures designed to safeguard trader interests and maintain financial integrity.

 

What trading platforms does FIBO Group offer?

FIBO Group provides MetaTrader 4, MetaTrader 5, and cTrader platforms, suitable for traders of all experience levels. These platforms include advanced charting tools, automated trading options, and user-friendly interfaces that enhance trading performance and decision-making accuracy.

 

What types of accounts are available at FIBO Group?

FIBO Group offers several account types, including MT4 Cent, MT4 Fixed, MT4 NDD, and cTrader NDD. Each account type is tailored to different trading styles and budgets, offering flexible spreads, leverage options, and minimum deposit requirements.

 

What instruments can I trade with FIBO Group?

FIBO Group clients can trade a wide range of financial instruments, including forex currency pairs, commodities like gold and oil, global indices, cryptocurrencies, and CFDs. This allows traders to diversify their portfolios and manage risk effectively across different markets.

 

Does FIBO Group offer demo accounts?

Yes, FIBO Group provides free demo accounts for beginners and experienced traders. These accounts allow users to practice trading strategies, test platform features, and gain real-market experience without risking any real money before transitioning to live trading.

 

How can I deposit and withdraw funds at FIBO Group?

FIBO Group supports various deposit and withdrawal methods, including bank transfers, credit or debit cards, and popular e-wallets. Processing times and fees may vary depending on the payment provider, ensuring flexible and secure financial transactions for clients.

 

Does FIBO Group provide educational resources?

Yes, FIBO Group offers a comprehensive range of educational materials, including webinars, tutorials, and market analysis. These resources are designed to help traders improve their knowledge, develop strategies, and make informed trading decisions in the financial markets.

 

What customer support options does FIBO Group offer?

FIBO Group provides multilingual customer support through email, live chat, and phone. The support team assists clients with technical, account, and trading inquiries, ensuring reliable service and prompt responses across different global time zones.

 

Is FIBO Group suitable for beginner traders?

Yes, FIBO Group is beginner-friendly, offering demo accounts, educational tools, and user-friendly platforms. With flexible account options and accessible trading conditions, it’s ideal for new traders seeking a safe and professional trading environment to learn and grow.