FIBO Group 2025 Review: Everything You Need to Know
FIBO Group is a well-established forex broker that has been operating since 1998, offering a range of trading platforms and instruments. While it has garnered a reputation for providing competitive spreads and a variety of account types, user experiences vary significantly, with some traders praising its services while others raise concerns about execution issues and customer support.
Note: It is essential to recognize that FIBO Group operates through multiple entities across different regions, which can impact trading conditions and regulatory oversight. This review aims to provide a fair and accurate assessment of FIBO Group based on various sources.
Rating Overview
We evaluate brokers based on multiple criteria, including user feedback, expert opinions, and factual data.
Broker Overview
Founded in 1998, FIBO Group is an international financial holding company headquartered in the British Virgin Islands, with additional regulatory oversight from the Cyprus Securities and Exchange Commission (CySEC). The broker offers a range of trading platforms, including MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to various trading styles. FIBO Group provides access to a diverse range of assets, including forex, CFDs, commodities, and cryptocurrencies, with a minimum deposit requirement as low as $1 for certain accounts.
Detailed Insights
Regulatory Regions
FIBO Group is regulated by the Financial Services Commission (FSC) in the British Virgin Islands and CySEC in Cyprus. While the BVI regulation is considered tier-2, the CySEC regulation offers more stringent compliance standards, providing some assurance of safety for traders. However, the dual licensing means that traders should be aware of the differences in regulatory protections based on the entity they are dealing with.
Deposit/Withdrawal Currencies/Cryptocurrencies
FIBO Group supports multiple base currencies for accounts, including USD, EUR, GBP, CHF, and RUB. The broker also accepts various cryptocurrencies for deposits and withdrawals, providing flexibility for traders who prefer digital currencies.
Minimum Deposit
The minimum deposit varies by account type, starting from $1 for the MT4 cent account, while other accounts typically require a minimum deposit of $50 to $300. This low entry barrier makes it accessible for new traders.
Currently, FIBO Group does not offer any significant bonuses or promotions, which may deter some traders looking for additional incentives.
Tradable Asset Classes
FIBO Group offers a wide array of tradable instruments, including over 60 currency pairs, spot metals, CFDs on major indices and commodities, and a selection of cryptocurrencies. This diversity allows traders to explore different markets and strategies.
Costs (Spreads, Fees, Commissions)
Spreads are competitive, starting from 0.1 pips for major pairs, although some accounts may have higher spreads. Commissions may apply based on the account type, with some accounts offering commission-free trading. Its important to note that withdrawal fees may apply depending on the method used, and there is an inactivity fee charged after 91 days of dormancy.
Leverage
FIBO Group offers leverage up to 1:1000 for certain accounts, which can be appealing to traders looking for higher risk-reward opportunities. However, traders should exercise caution with high leverage, as it can lead to significant losses.
FIBO Group provides access to popular trading platforms such as MT4, MT5, and cTrader, all of which are equipped with advanced charting tools and analytical features. This variety allows traders to choose a platform that best suits their trading style.
Restricted Areas
FIBO Group does not accept clients from certain countries, including the United States, Canada, and Australia. This limitation may restrict some traders from accessing the broker's services.
Available Customer Service Languages
FIBO Group offers customer support in multiple languages, including English, Spanish, German, Russian, and Indonesian. However, the quality of support has been reported to be inconsistent, with some traders experiencing delays in response times.
Rating Overview (Repeated)
Detailed Breakdown
Account Conditions
FIBO Group offers a variety of account types, catering to both beginners and experienced traders. The MT4 cent account is particularly appealing for novices, allowing them to trade with minimal capital. However, some users have reported that the terms for different accounts can be confusing, leading to potential misunderstandings.
While FIBO Group provides essential trading tools, including an economic calendar and market analysis, the educational resources are perceived as limited. Many users expressed a desire for more comprehensive training materials, especially for advanced trading strategies.
Customer Service & Support
Customer support is available through live chat, email, and phone, but experiences vary widely. Some traders have praised the responsiveness of the support team, while others have reported long wait times and unhelpful responses.
Trading Experience
The trading experience on FIBO Group's platforms is generally positive, with many users appreciating the execution speed and low spreads. However, issues with slippage and order execution have been reported, particularly during volatile market conditions.
Trustworthiness
FIBO Group is considered a legitimate broker with regulatory oversight from CySEC and FSC. However, the dual nature of its regulation means that traders should be cautious and aware of the varying protections based on the entity they deal with.
User Experience
User experiences vary, with some traders reporting successful trading experiences and timely withdrawals, while others have encountered issues with account management and execution discrepancies. Overall, the mixed feedback suggests that while FIBO Group has strengths, there are areas for improvement.
In summary, FIBO Group is a well-established broker with a range of offerings suitable for various trading styles. While it provides competitive conditions and a variety of platforms, potential clients should conduct thorough research and consider their individual trading needs before opening an account.
