FIBO Group Forex broker specializes in providing foreign exchange trading services, the company's official website http://www.fibogroup.com/, the company's legitimate regulatory information United KingdomFCAEuropean Authorized Representative (EEA),CyprusCYSECCommon Financial Service License,The Virgin IslandsFSCRetail Forex License, to enhance the security of the company's address Office 1003, Floor 10, Block 4B, Business Centre “Nurly Tau”, Al-Farabi 17 Avenue, Almaty, Kazakhstan.
FIBO Group Forex Broker
Basic information
The Virgin Islands
10-15 years Regulated in Cyprus Regulated in The Virgin Islands Common Financial Service License Retail Forex License MT4 Full License MT5 Full License cTrader Regional Brokers United Kingdom European Authorized Representative (EEA) Revoked Suspicious Overrun High potential risk Offshore RegulatedCompany profile
FIBO Group Information
FIBO Group, or International Financial Holding FIBO Group, is an international financial holding company that was established in 1998. It offers online trading services, primarily in the foreign exchange market, but also provides a platform for the trading of CFDs, commodities, and cryptocurrencies. Headquartered in Vienna, Austria, the company has a global presence with subsidiaries in the British Virgin Islands, Cyprus, Australia, Singapore, and Russia, as well as offices in several other countries. FIBO Group started as an investment consulting firm and evolved into a prominent player in the forex market, and in 2017 it expanded into cryptocurrency derivatives.
Pros & Cons
| Pros | Cons |
| Wide range of trading instruments | Offshore regulated |
| Demo accounts | Clients from the UK, North Korea, and the USA are not allowed |
| Multiple account types | |
| MT4/5 and cTrader platforms | |
| Copy trading | |
| Popular payment options | |
| No deposit fees | |
| Live chat support |
Is FIBO Group Legit?
FIBO Group is currently offshore regulated by British Virgin Islands Financial Services Commission (FIBO).
| Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
| FIBO | Offshore Regulated | FIBO GROUP, LTD. | Retail Forex License | SIBA/L/14/1063 |
Market Instruments
FIBO Group offers mainstream and popular financial products in the global financial market for investors, including forex, spot metals, cryptocurrencies, CFDs, and US stocks.
| Trading Assets | Available |
| Forex | ✔ |
| Spot metals | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ✔ |
| US stocks | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
Apart from demo accounts, FIBO Group offers eight account types, namely MT4 Cent, MT5 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread, and MT5 NDD.
| Account Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
| Order Execution Technology | No Dealing Desk | Market Maker | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Account Currency | USD cent, GLD cent | EUR, USD | EUR, USD, GLD | EUR, USD, GLD, BTC, ETH | USD, EUR | USD | USD |
| Min Deposit | $0 | $50 | $50 | $50 | $50 | $50 | $50 |
| Max Leverage | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
| Spread from | 0.6 pips | 2 pips | 0 pips | 0.8 pips | 0 pips | 0 pips | 0 pips |
| Commission | ❌ | ❌ | 0.003% from the amount of a transaction | ❌ | 0.003% from the amount of a transaction | 0.012% from the amount of a transaction, min $1 | 0.003% from the amount of a transaction |
| Stop Out Level | 20% | 20% | 50% | 50% | 20% | 20% | 50% |
| CFD Trading | ❌ | ✔ | ✔ | ❌ | ❌ | ❌ | ❌ |
| Islamic Account | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
| Managed Account (PAMM) | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
How to Open an Account with FIBO Group?
Step 1: Sign up-Creating your Client Area. The first stage of registration with the company 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.
Step 2: Verification of email, phone number and proof of identity. To verify your email, this broker will send you an email to the address you indicate while signing up. Click the link in the message to confirm your email address.
Step 3: Depositing funds to your account and starting trading.
Leverage
FIBO Group provides different maximum leverage ratios for different tradable assets and account types. Find detailed info in the table below:
| Account Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
| Max Leverage for Forex | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
| Max Leverage for Metals | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:400 | 1:100 |
| Max Leverage for cryptocurrencies | 1:25 | 1:25 | 1:25 | 1:25 | 1:1 | 1:1 | 1:25 |
| Max Leverage for US Stocks | 1:1 | 1:20 | 1:20 | 1:20 | 1:1 | 1:1 | 1:20 |
While leverage presents an opportunity to increase funds, it's important for traders to understand that higher leverage also comes with higher risks.
Trading Platforms
FIBO Group provides traders with a choice of three reliable and widely-used trading platforms.
The cTrader platform offers direct trading with international banking institutions and features high-speed order execution, customizable indicators, and market depth display.
The MetaTrader 4 platform is customizable and user-friendly, with a range of technical indicators, strategy tester, and one-click trading.
The MetaTrader 5 platform offers multi-asset trading, advanced strategy tester, netting and hedging modes, and comprehensive analytical tools such as built-in indicators, financial news, and an economic calendar. All platforms are available on desktop, Android, and iOS devices.
Deposit & Withdrawal
FIBO Group accepts deposits and withdrawals via banks, credit card, e-wallets, and cryptocurrencies.
| Payment Method | Accepted Currency | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| SEPA/SWIFT | USD, EUR | ❌ | Around 35-50 USD | Within 2-5 days | 3-5 business days |
| MasterCard | USD | ❌ | 4.5% + 1.2 usd | Automatically upon receipt of funds | A few minutes |
| Neteller | USD, EUR | ❌ | 2%, min 1 USD/EUR | Once the payment cleared | Within 2 business days, excluding the day the application was submitted |
| Skrill | USD | ❌ | 1% | Once the payment cleared or inside office hours | Within several minutes |
| TCPAY | USD | ❌ | 3% | Immediately | As soon as the withdrawal request is processed |
| bitpay | BTC, ETH, BCH, XRP | ❌ | / | Once the payment cleared | / |
| Cryptocurrencies | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | Network fee | 0.5% | Once the payment cleared | Within several minutes, up to several hours |
| RAIDO R SPARE | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | / | ❌ | / | Within several minutes |
Frequently Asked Questions (FAQs)
| Q 1: | At FIBO Group, are there any regional restrictions for traders? |
| A 1: | Yes. The services of FIBO Group are not provided to residents of the UK, North Korea and the USA. |
| Q 2: | Can I have more than one account? |
| A 2: | Yes, you may open more than one account with FIBO Group. To open an additional account you should log in to your client area and click “Open a new trading account.” It is not necessary to submit your ID and Utility bill again (Unless the details have changed). |
| Q 3: | Can I trade with an EA (Expert Advisor or robot)? |
| A 3: | Yes, you may trade with any forex Expert Advisors you like. |
| Q 4: | What is the minimum deposit for FIBO Group? |
| A 4: | $0. |
| Q 5: | Is FIBO Group a good broker for beginners? |
| A 5: | Yes. FIBO Group is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Rating Index
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Latest Reviews
Streaming
Taiwan
Like their MetaTrader 4 and 5! They offer fast trades with direct access to banks, which is great! Just watch out for the fixed commissions on some trades!
Positive
2024-06-04
donkey
Malaysia
To begin with, hats off to FIBO Group for their clear and upfront regulation. The ease of understanding their regulatory framework gave me a sense of safety. Yet, this same secured feeling isn't carried when it comes to their trading platform. It faced numerous freezes and crashes, making it hard for me to execute orders swiftly. On the bright side, FIBO Group's spreads are quite competitive. I was able to place trades without feeling like I was losing out big time on the spread. However, the commissions are a different story. They're a bit higher than other competitive brokers I've traded with, which affected my overall profits. Though their trading signals have proven accurate at times, they fall short of being consistently credible. Given other brokers who have consistent and reliable signals, this isn't ideal.
Positive
2023-12-04
Quket
Netherlands
FIBO Group, a seasoned player in the online trading world, offers impressive leverage of up to 400, which is great for ambitious traders. Plus, their minimum deposit requirement is just 100 euros, making it accessible for traders of all levels. I'm definitely a fan of their competitive offering and would recommend FIBO Group to anyone looking for a solid trading platform.
Positive
2024-07-16