Rating Index
Pros
Wide range of trading platforms including MT4, MT5, and cTrader, catering to various trading styles.
Low minimum deposit requirements, starting from just $1, making it accessible for beginner traders.
High leverage options available, up to 1:1000, allowing traders to maximize their positions.
Cons
High non-trading fees, including commissions on deposits and withdrawals, which can affect overall profitability.
Limited educational resources and market analysis, potentially leaving beginners without sufficient support.
Regulation primarily from the British Virgin Islands, which may be perceived as less robust compared to other major financial regulators.
FIBO broker Accounts
Fibo Group Account Types
Fibo Group offers a variety of trading account types tailored to meet the needs of different traders. The account types include:
- MT4 Cent Account
- Minimum Deposit: $0
- Leverage: Up to 1:1000
- Spread: From 0.6 pips
- Commission: No
- Ideal For: Beginners and testing trading robots.
- MT4 Fixed Account
- Minimum Deposit: $50
- Leverage: Up to 1:200
- Spread: Fixed at 2 pips
- Commission: No
- Ideal For: Manual trading and long-term strategies.
- MT4 NDD Account
- Minimum Deposit: $50
- Leverage: Up to 1:400
- Spread: From 0 pips
- Commission: 0.003% from the transaction amount
- Ideal For: Experienced traders preferring no dealing desk execution.
- MT4 NDD No Commission Account
- Minimum Deposit: $50
- Leverage: Up to 1:400
- Spread: From 0.8 pips
- Commission: No
- Ideal For: Traders looking for NDD execution without commission.
- cTrader NDD Account
- Minimum Deposit: $50
- Leverage: Up to 1:400
- Spread: From 0 pips
- Commission: 0.003% from the transaction amount
- Ideal For: Traders using the cTrader platform.
- MT5 NDD Account
- Minimum Deposit: $50
- Leverage: Up to 1:400
- Spread: From 0 pips
- Commission: 0.005% from the transaction amount
- Ideal For: Traders using MetaTrader 5 with NDD execution.
- Create Your Client Area
- Visit the Fibo Group website and click on the "Open Live Account" button.
- Enter your email address and click "Open Account."
- Check your email for login details (username and password) and verify your email.
- Complete Your Profile
- Log in to your client area using your registered email and password.
- Click on the "Profile" tab to fill out your personal information, including full name, country of residence, date of birth, and tax identification number.
- Upload a government-issued ID (passport or driver's license) for identity verification.
- Open Live Account and Choose Account Type
- After completing your profile, click on the "Trading Accounts" tab.
- Select the account type that suits your trading preferences (e.g., MT4 Cent, MT4 Fixed, etc.).
- Review the terms and conditions, then click "Open Account."
- Fund Your Account
- Go to the "Deposit Funds" section in your client area.
- Choose your preferred deposit method (e.g., bank transfer, credit/debit card, e-wallet).
- Follow the instructions to complete your deposit.
Fibo Group Broker Account Opening Process
Opening an account with Fibo Group is a straightforward process that can be completed in a few steps:
Once your account is activated and verified, you can start trading with Fibo Group.
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