FiboGroup Forex Broker Review

FIBOGroup Forex 2025 Review: Everything You Need to Know

　　FIBOGroup, a well-established broker since 1998, has garnered attention in the forex trading community for its diverse offerings and competitive trading conditions. Overall, the broker is rated positively by many users for its low spreads and user-friendly platforms, though some concerns regarding customer service and withdrawal processes have been noted.

　　Note: It is important to highlight that FIBOGroup operates under different entities in various regions, which can affect the trading conditions and regulatory protections available to clients. This review aims to provide a balanced and comprehensive overview based on the latest information.

Ratings Overview

　　We evaluate brokers based on various criteria, including user feedback, regulatory compliance, and trading conditions.

Broker Overview

　　Founded in 1998, FIBOGroup is an international financial holding company that provides a wide range of trading services, including forex, CFDs, and cryptocurrencies. The broker operates on popular trading platforms such as MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader, catering to the needs of both novice and experienced traders. FIBOGroup is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the British Virgin Islands Financial Services Commission (FSC), ensuring a level of security and compliance with international standards.

Detailed Analysis

• 　　Regulated Geographical Areas:

  　　FIBOGroup operates under the regulation of CySEC and FSC, allowing it to serve clients globally, except for regions such as the United States, the United Kingdom, and Australia. The dual regulation provides a level of trust, although some users have expressed concerns about the effectiveness of the BVI regulation compared to more stringent authorities.

• 　　Deposit/Withdrawal Currencies/Cryptocurrencies:

  　　Clients can fund their accounts in various currencies, including USD, EUR, GBP, and cryptocurrencies like Bitcoin and Ethereum. The broker offers multiple payment methods, including bank transfers, credit cards, and e-wallets such as Skrill and Neteller. However, deposit fees may apply for certain methods, particularly bank transfers, which can range from $35 to $50.

• 　　Minimum Deposit:

  　　The minimum deposit for opening an account with FIBOGroup starts as low as $1 for cent accounts, while standard accounts require a minimum deposit of $50. This low entry barrier makes it accessible for new traders to start their trading journey without significant financial commitment.

• 　　Bonuses/Promotions:

  　　FIBOGroup does not currently offer any significant promotions or bonuses. This lack of incentives may deter some traders looking for additional value when opening an account. However, the broker does provide a stable trading environment with competitive conditions.

• 　　Tradable Asset Classes:

  　　FIBOGroup offers a comprehensive range of trading instruments, including over 60 currency pairs, commodities, indices, and cryptocurrencies. This variety allows traders to diversify their portfolios and explore different market opportunities.

• 　　Costs (Spreads, Fees, Commissions):

  　　The broker provides competitive spreads, starting from 0.3 pips for major currency pairs. However, some accounts may incur commissions, particularly for NDD accounts, where a commission of 0.003% applies. Traders should be aware of the potential overnight fees (swaps) for holding positions past the trading day.

• 　　Leverage:

  　　FIBOGroup offers high leverage, up to 1:1000 for certain account types, which can amplify potential profits but also increase risk. Traders should exercise caution and understand the implications of trading with high leverage.

• 　　Permitted Trading Platforms:

  　　The broker supports multiple trading platforms, including MT4, MT5, and cTrader, providing users with flexibility and access to advanced trading tools. Each platform has its unique features, catering to different trading styles and preferences.

• 　　Restricted Areas:

  　　FIBOGroup does not accept clients from certain countries, including the United States, the United Kingdom, and Australia. This restriction may limit its appeal to traders in these regions.

• 　　Available Customer Support Languages:

  　　FIBOGroup offers customer support in multiple languages, including English, German, Russian, and Chinese. However, some users have reported delays in response times, particularly during peak hours, which could impact the overall user experience.

  　　

　　

Repeated Ratings Overview

Category	Rating (out of 10)
Account Conditions	8
Tools and Resources	7
Customer Service and Support	6
Trading Experience	7
Trustworthiness	7
User Experience	6
Overall	7

　　

Detailed Breakdown

• 　　Account Conditions:

  　　FIBOGroup offers a variety of account types, including cent accounts for beginners and NDD accounts for more experienced traders. The flexibility in minimum deposits and account types has received positive feedback from users.

• 　　Tools and Resources:

  　　The broker provides essential trading tools, including market analysis and educational resources, although some users have noted that more in-depth educational materials could enhance the trading experience.

• 　　Customer Service and Support:

  　　Customer service is available through live chat, email, and phone, but response times can vary. While many users appreciate the support, some have reported delays, particularly in email responses.

• 　　Trading Experience:

  　　Users have generally reported a smooth trading experience with minimal slippage and fast order execution, although some have raised concerns about occasional price discrepancies and platform performance.

• 　　Trustworthiness:

  　　FIBOGroup's regulatory status with CySEC and FSC contributes to its trustworthiness, but the mixed reviews regarding customer support and withdrawal processes may raise concerns for some traders.

• 　　User Experience:

  　　Overall, user experiences with FIBOGroup vary, with many praising the trading conditions and platform usability, while others have expressed dissatisfaction with customer service and withdrawal issues.

　　In conclusion, FIBOGroup presents a solid choice for traders looking for a reputable broker with a long-standing history in the market. However, potential clients should weigh the pros and cons, particularly regarding customer service and regulatory considerations, before making their decision.