Quick FIBO Group Review SummaryFound1998Registered Country/RegionThe Virgin IslandsRegulationFSC (Offshore)Market InstrumentsForex, spot metals, cryptocurrencies, CFDs, US stocksAccount TypeMT4 NDD, MT4 Cent, MT4 NDD No Commission, MT4 Fixed, MT5 NDD, cTrader NDD, cTrader Zero SpreadDemo Account✅Islamic Account✅Min Deposit$0Max Leverage1:3000SpreadFrom 0 pipsTrading PlatformMT4, MT5, cTraderCopy Trading✅Payment MethodsSEPA, Swift, MasterCard, Neteller, Skrill, bitpay, cryptocurrenciesDeposit Fee❌Withdrawal FeeFree for most methodsCustomer SupportLive chat, tel: 400-155-7215Regional RestrictionsThe United Kingdom, North Korea, and the United StatesFIBO 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 & ConsProsConsWide range of trading instrumentsOffshore regulatedDemo accountsClients from the UK, North Korea, and the USA are not allowedMultiple account typesMT4/5 and cTrader platformsCopy tradingPopular payment optionsNo deposit feesLive chat supportIs FIBO Group Legit? FIBO Group is currently offshore regulated by British Virgin Islands Financial Services Commission (FIBO).Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense NumberFIBOOffshore RegulatedFIBO GROUP, LTD.Retail Forex LicenseSIBA/L/14/1063Market 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 AssetsAvailableForex✔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 TypeMT4 CentMT4 FixedMT4 NDDMT4 NDD No CommissioncTrader NDDcTrader Zero SpreadMT5 NDDOrder Execution TechnologyNo Dealing DeskMarket MakerNo Dealing DeskNo Dealing DeskNo Dealing DeskNo Dealing DeskNo Dealing DeskAccount CurrencyUSD cent, GLD centEUR, USDEUR, USD, GLDEUR, USD, GLD, BTC, ETHUSD, EURUSDUSDMin Deposit$0$50$50$50$50$50$50Max Leverage1:30001:2001:4001:4001:4001:10001:400Spread from0.6 pips2 pips0 pips0.8 pips0 pips0 pips0 pipsCommission❌❌0.003% from the amount of a transaction❌0.003% from the amount of a transaction0.012% from the amount of a transaction, min $10.003% from the amount of a transactionStop Out Level20%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 TypeMT4 CentMT4 FixedMT4 NDDMT4 NDD No CommissioncTrader NDDcTrader Zero SpreadMT5 NDDMax Leverage for Forex1:30001:2001:4001:4001:4001:10001:400Max Leverage for Metals1:30001:2001:4001:4001:4001:4001:100Max Leverage for Cryptocurrencies1:251:251:251:251:11:11:25Max Leverage for US Stocks1:11:201:201:201:11:11:20 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 MethodAccepted CurrencyDeposit FeeWithdrawal FeeDeposit TimeWithdrawal TimeSEPA/SWIFTUSD, EUR❌Around 35-50 USDWithin 2-5 days3-5 business daysMasterCardUSD❌4.5% + 1.2 usdAutomatically upon receipt of fundsA few minutesNetellerUSD, EUR❌2%, min 1 USD/EUROnce the payment clearedWithin 2 business days, excluding the day the application was submittedSkrillUSD❌1%Once the payment cleared or inside office hoursWithin several minutesTCPAYUSD❌3%ImmediatelyAs soon as the withdrawal request is processedbitpayBTC, ETH, BCH, XRP❌/Once the payment cleared/CryptocurrenciesBTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20)Network fee0.5%Once the payment clearedWithin several minutes, up to several hoursRAIDO R SPAREBTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20)/❌/Within several minutesFrequently 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.