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 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 Review below.
Fibo Group Review – 17 key points quick overview:
Fibo Group Overview- FIBO Group Safety and Security
- Fibo Group Sign-up Bonus
- Fibo Group Minimum Deposit
- Step by step guide to deposit the minimum amount
- Fibo Group Account Types
- Fibo Group Account Features
- Fibo Group Demo Account Features
- How to set up a Demo Account – Step by Step
- FIBO Group Trading platforms
- Fibo Group Fees and Spreads
- Fibo Group vs FXGT vs Etoro – A Comparison
- Fibo Group Current Popularity Trend
- Pros and cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
Fibo Group 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 that of transparent activities, the protection and security of customer funds, as well as strict compliance to applicable laws and orders of national regulators.
The company has a global presence across Europe, Central Asia and East Asia. It has offices in Kiev, Singapore, Vienna, Limassol, Munich and Astana.
Unfortunately, due to legal restrictions, the company does not offer its services to residents of the Unites States, Great Britain, Australia, Austria, North Korea, Belgium and Iraq.
FIBO Group, Ltd. offer its customers several advantages such as award-winning platforms, global operations and technologically advanced software.
The company’s history dates back to its founding in 1998. It was first known as an investment consulting firm, Financial Intermarket Brokerage On-Line (FIBO). In 2003 the company started to offer online brokerage service for currency trading and CFDs.
It soon became a major player on the Russian financial market and in 2005 it became one of Russia’s first forex brokers. By 2011 the company has more than 35 000 retail customers and it became Russia’s 4th largest forex broker.
FIBO Group, Ltd. started to offer cryptocurrencies in 2017, which expanded its portfolio greatly. Bu 2018 the company was recognised as one of the top 20 global forex brokers.
FIBO Group Safety and Security
The activity of FIBO Group, Ltd. Company 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.
Fibo Group Sign-up Bonus
Fibo Group does not offer a welcome bonus to new traders who choose to register for a real account with the broker.
This is likely because Fibo Group is restricted from doing so by its European regulator, the Cypress Securities and Exchange Commission (CySEC). EU regulators recently undertook to enact a widespread ban on bonuses to protect traders from incurring unnecessary losses.
As a general explanation, a bonus can be best understood as a way of compensating traders for having decided to open an account with a chosen broker.
Once an account has been opened with a Forex broker, clients will have access to trading of currency pairs, and will therefore have to incur some expense for this trading. The bonus is just a way for the broker to reward the trader’s choice and give all or some of these expenses back to the trader.
New traders should note however that bonuses are not available on demo accounts, though many brokers do offer the opportunity to sign up for a free demo contest, with prizes available.
Fibo Group Minimum Deposit
The minimum deposit amount required to open a broker account with Fibo Group is $50. This is a low minimum deposit when compared to most other brokers in the industry.
However, the minimum deposit requirement will increase depending on the account type you wish to open, with higher deposits required to open accounts with more enhanced trading conditions.
Step by step guide to deposit the minimum amount
Depositing into your account with Fibo Group consists of the following steps:
Step 1 – Log into your account
Log into the accounts area on the broker’s website.
Step 2 – Select the option to Deposit
Select the option to deposit funds on your dashboard.
Step 3 – Select a deposit method
Select your preferred deposit method.
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
Fibo Group Account Types
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. 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.
You will receive emails with access to newly opened trading accounts, notifications about the status of your accounts, and information about notable events affecting the forex market. To get access to all the features of forex trading, you are supposed to verify your account and confirm your identity.
You can use all the features of forex trading, invest, withdraw your profits, or become our partner only after you have fully verified your account, which includes confirmation of your email, phone number, and identity.
To verify your email, the Fibo Group accounts department will send you an email to the address you indicated while signing up. Click the link in the message to confirm your e-mail address. To confirm your phone, you will be sent an SMS code. Enter this code in your Client Area. If you have not received an SMS, report your issue to Customer Service department over live chat on the website.
To confirm your identity, you need to fill out a form and upload copies of documents (scanned copies or photographs). Once confirmed you will be able to:
Open live and demo accounts
Use bank transfers and cards to make a deposit
Invest in Managed accounts (PAMM)
Open Managed accounts (PAMM)
Withdraw profits from trading and investment accounts
Sign up as an IB partner or PAMM agent of FIBO Group
Fibo Group Account Features
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 NDD | |
| 💻 Trading platform | MetaTrader 4 |
| 📱 Order execution technology | No Dealing Desk |
| 💰 Minimum deposit | $50 |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 0 |
| 💳 Commission | 0.003% from the amount of a transaction |
| 🌐 Account currency | EUR, USD, GLD3 |
| 👨💼 Managed account | yes |
| 👉 Open a account | 👉 Click Here |
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 Cent | |
| 💻 Trading platform | MetaTrader 4 |
| 📱 Order execution technology | No Dealing Desk |
| 💰 Minimum deposit | 0 ¢ |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 0,6 |
| 💳 Commission | no |
| 🌐 Account currency | USD cent, GLD Cent2 |
| 👨💼 Managed account | no |
| 👉 Open a account | 👉 Click Here |
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 NDD | |
| 💻 Trading platform | MetaTrader 4 |
| 📱 Order execution technology | No Dealing Desk |
| 💰 Minimum deposit | $50 |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 0,8 |
| 💳 Commission | no |
| 🌐 Account currency | EUR, USD, GLD3, BTC4, 6, ETH5, 6 |
| 👨💼 Managed account | yes |
| 👉 Open a account | 👉 Click Here |
MT4 Fixed Account
On MT4 Fixed accounts Fibo Groups acts as a market maker, providing quotes with fixed spreads starting from 2 pips.
Traders that 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.
| MT4 Fixed | |
| 💻 Trading platform | MetaTrader 4 |
| 📱 Order execution technology | Market Maker |
| 💰 Minimum deposit | $50 |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 2 |
| 💳 Commission | no |
| 🌐 Account currency | EUR, USD, RUR, CHF, GBP |
| 👨💼 Managed account | yes |
| 👉 Open a account | 👉 Click Here |
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 which provides traders with online market conditions.
| MT5 NDD | |
| 💻 Trading platform | MetaTrader 5 |
| 📱 Order execution technology | No Dealing Desk |
| 💰 Minimum deposit | $50 |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 0 |
| 💳 Commission | 0.005% from the amount of a transaction |
| 🌐 Account currency | USD |
| 👨💼 Managed account | no |
| 👉 Open a account | 👉 Click Here |
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.
| cTrader NDD | |
| 💻 Trading platform | cTrader |
| 📱 Order execution technology | No Dealing Desk |
| 💰 Minimum deposit | $50 |
| 📈 Minimum lot/volume step | 0,01/0,01 |
| 📊 Spread from, pips | 0 |
| 💳 Commission | 0.003% from the amount of a transaction |
| 🌐 Account currency | USD, EUR |
| 👨💼 Managed account | no |
| 👉 Open a account | 👉 Click Here |
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.
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.
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
FIBO Group Trading platforms
FIBO Group, Ltd offers a range of reliable and popular trading platforms.
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 vs FXGT vs Etoro – A Comparison
| 🔎 Broker | 🥇 Fibo Group | 🥈 FXGT | 🥉 eToro |
| 💰 Minimum Deposit | $50/R800 | $10 | $1000 USD |
| 📝 Sign-Up Bonus | ☑️ No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1:1000 | 1: 500 | 1:400 |
| 💵 Currency Pairs | 38 | 1.4 pips | 47 |
| 🚀 Open an Account | 👉 Click Here | 👉 Open Account | 👉 Open Account |
Fibo Group Current Popularity Trend
As According to Google Trends, here is an overview of how frequently the search term – “Fibo Group” is entered into Google’s search engine over a given period of time.
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
Pros and cons
| ✔️ Pros | ❌ Cons |
| Award-winning company | Not available in certain countries due to jurisdictional restrictions |
| Wide selection of account options | |
| Award-winning platforms | |
| No Dealing Desk technology |
Conclusion
When reviewing FIBO Group, Ltd., it is clear that the company is keen on offering its customers award-winning services with its reliable trading platforms, great selection of market instruments and variety of account options.
The company complies with regulations and is committed to keeping customer funds safe. FIBO Group, Ltd. would be a great broker choice for traders of all experience levels and trading styles.
You might also like: FIBO Group Account Types Overview
You might also like: FIBO Group Demo Account – Step by Step
You might also like: FIBO Group Fees and Spreads
You might also like: FIBO Group Islamic Account Overview
You might also like: FIBO Group Minimum Deposit
You might also like: FIBO Group Sign up Bonus
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.
Frequently Asked Questions
Is Fibo Group a scam or fake?
Our Fibo Group review reveals that the broker has a long-standing record is considered trustworthy, is regulated by CySEC and FSC BVI and therefore not scam or fake.
Can I trade cryptocurrency with Fibo Group?
Yes, you can trade Crypto and USD cross pairs. Spread is floating. Coins incl: ETH, BTC, ZEC, LTC, DSH & XMR
What are the different account types offered by Fibo Group?
Account types incl: MT4 Fixed, Mt4 NDD, MT5 NDD, MT4 Cent, cTrader NDD and Commission-free MT4 NDD.
How many instruments can I trade with Fibo Group?
Fibo Group provides 38 currency pairs as well as spot metals on the EU site. Global clients can trade a wider range of forex, as well as over 20 CFDs on major indices and commodities, such as the FTSE100 and crude oil. The list includes 9 CFDs on cryptocurrencies, plus a range of shares.
Which platforms are supported by Fibo Group?
MetaTrader 4, MetaTrader 5 and cTrader.
Does Fibo Group offer leverage?
Yes. The maximum leverage available is 1:1000 in the MT4 Cent account, but for most other account types, the maximum leverage is 1:400. For EU clients, leverage is available up to 1:50 for standard traders and up to 1:400 for professionals.
What spreads can I expect with Fibo Group?
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.
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.
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