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FIBO Group Review: Is this broker legit, safe and trustworthy for UAE citizens and residents?

One of the most established companies in the field of marginal online trading is known as the International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group). 1998 marked the beginning of operations for the holding's pioneering enterprise. We have always adhered, from the very first day of our activity, to the principles of transparent actions, to defend the interests of consumers, and to ensure strict compliance with observance of applicable laws and regulations of national regulators. All of the services that are offered by any of the companies that are part of the FIBO Group holding may reassure our clients and business partners that they are held to the highest international standards and that they are regulated by the appropriate national authorities. Visit FIBO Group Website.

The multinational financial and investment holding company FIBO Group includes the FIBO Group Forex Broker as one of its subsidiaries (Financial Intermarket Brokerage Online Group). On today's modern financial markets, Fibo Group Broker is one of the major and oldest companies in the field of providing services and products related to online marginal trading. Forex clients of the Fibo group, both private and institutional, can be assured that all products offered by any of the subsidiary companies within the forex trading group meet the highest industry standards and are regulated by national reputable financial authorities. This is something that clients of the forex trading group can take comfort in knowing.


Trading in forex and CFDs is made available by the Fibo Group, which offers advantageous trading circumstances. In order to enhance the quality of the services that are provided, the staff at Fibo Group continually assesses the requirements of each trader. Therefore, using Fibonacci in forex trading will almost certainly result in success and profits. A trader may more easily collect all of the market data that is essential for trading with the assistance of various instruments, such as currency calculators and daily market evaluations. Reviews of Fibo Group that can be found on a variety of topical forums provide evidence that the broker is in high demand among members of the community of international currency traders.



FIBO Group has been active in margin markets for over 20 years, and during that time it has developed the ideal mix of trading accounts and trading circumstances to satisfy the requirements of traders in the most efficient manner. Low spreads beginning at 0 pips for the main instruments, and 41 currency pairings to choose from. Streaming currency rates and technology called Instant Execution (on MT4 NDD and cTrader NDD accounts Market Execution technology is applied). Execution of limit orders, stop losses (S/L), and take profits (T/P) at the price mentioned is guaranteed. The minimum lot size is one thousand of the base currency (0.01 of a standard lot). The minimum deposit required is either 0 USD or an amount that is equal in another currency. Leverage: lowest – 1:1, maximum 1:1000 (minimum margin is 0.1 percent of the trade volume). On an MT4 NDD account, the leverage is 1:400. In the event that you roll over your position to the day after the market opens, the settlement date will shift without your intervention. Calculations of swaps are made in pips and based on LIBOR rates. These pips are then translated into the account currency using the exchange rates that are in effect at 00.00 server time and credited to your trading account.

The minimum quantity of a contract for gold is 100 ounces, whereas the minimum quantity for silver is 5000 ounces. The price of gold and silver is displayed in both US Dollars and Euros. You can tell just by looking at the names of the agreements. These days, the cost of gold and silver is often expressed in US Dollars and Euros. The leverage ranges anywhere from 1 to 1 thousand. You are able to open long (buy) positions as well as short (sell) ones. Keep in mind, however, that a swap or rollover charge will be incurred if you decide to carry over your position to the next day. The swap rate might change based on both the asset and the position of the trader (long or short).

Forex broker The Fibo Group is an international financial and investment holding company that is a member of the Fibo Group (Financial Intermarket Brokerage Online Company). Brokers affiliated with the Fibo Group are among the most prominent and innovative companies offering services and solutions related to online marginal trading on modern financial markets. In 1998, the first Fibogroup holding company was established, marking over 20 years since the business's inception. Since the very beginning of the operation of the Fibo Group, the broker's team has always adhered to the principles of highly transparent conditions and services, protecting the interests of customers, and fully complying with the applicable industry requirements and recommendations of national regulators. These principles have been in place since the very beginning of the operation of the Fibo Group. All foreign exchange customers of the Fibo Group, including private individuals and large institutions, are offered a guarantee that all products sold by subsidiaries of the company's foreign exchange trading group are compliant with the highest industry standards and are supervised by appropriate governing bodies. Trading in forex and CFDs is available through Fibo Group, which offers favorable trading circumstances. The requirements of each trader are always being assessed by the Fibo Group team in order to enhance the quality of the services that are offered. Trading in forex using Fibo levels is therefore certain to be both effective and lucrative. A trader may obtain all of the market data that is necessary for trading with the assistance of various tools. Some examples of these tools are currency calculators and daily market evaluations. The trading community appears to have a significant need for the broker, according to assessments of Fibo Group.

Holding Company for International Finance With a history dating all the way back to 1998, FIBO Group (Financial Intermarket Brokerage Online Group) is one of the brokers with the greatest expertise in the field of online trading. The broker has, from the very first day that they have been in business, always adhered to the principles of open operations, and they have done so in full conformity with the law regarding the protection of their clients' interests.

The FIBO Group Company was established in the British Virgin Islands (BVI), and its headquarters are still located there. However, the broker has improved its offering thanks to another entity located in Cyprus, which includes renowned European regulatory authorization and the opportunity to invest in a risk-free manner. Additionally, FIBO's global presence includes high-quality help from its offices in Vienna, Limassol, Shanghai, Singapore, Zurich, Kiev, and Astana.

Is it safe to invest in FIBO Group, or is it a scam? FIBO Group, Ltd., which is in turn overseen by the Financial Services Commission, British Virgin Islands, is the parent company of FONTEN CORPORATION LIMITED, which is a licensed financial services and commercial entity. FONTEN CORPORATION LIMITED is a subsidiary of FIBO Group, Ltd. In point of fact, the BVI is considered an offshore jurisdiction that has comparatively lax regulatory rules and standards for financial companies.

Despite this, the extra entity known as FIBO Group Holdings, Ltd is a corporation that is incorporated in the Republic of Cyprus and has been granted permission by the Cyprus Securities and Exchange Commission (CySEC) to offer its services to nationals of the EU as well as other individuals.

It is in accordance with European Regulation, which, in conjunction with the offshore registration of the FIBO Group, makes the broker an attractive and risk-free investment opportunity.

The FIBO Group review reveals, in its entirety, that the company distributes its services across all of the major markets, including Europe, Asia, the Middle East and North Africa (MENA), and the Commonwealth of Independent States (CIS), while also providing a diverse selection of trading instruments and services. Because it operates on a worldwide scale, the firm offers a wide range of technologies and solutions that are designed to meet the majority of the requirements imposed by trade.

In addition to this, they provide execution that is uninterrupted and flawless, the choice between strategies that are based on a fixed spread or a variable one, the requirement to employ a large leverage, competitive trading conditions, and the ability to engage in social trading.

FIBO Group is an online brokerage that offers Foreign Exchange (Forex) and Contracts for Difference (CFDs) for online trading. They are licensed and provide a variety of account kinds in addition to trading platforms that are adaptable (MT4, MT5, and cTrader). However, the broker does not provide traders with any training resources and does not provide a diverse selection of trading products to choose from.

FIBO Group, also known as Financial Intermarket Brokerage Online, is a global FX and CFD broker that provides clients with competitive trading conditions as well as a variety of online trading services. FIBO Group was established in 1998, and its headquarters can be found in Cyprus. However, the company also has offices in Austria, Kazakhstan, Germany, and China. The website of the FIBO Group is available in a total of 14 different languages.

The FIBO Group makes the following asset classes available for trading on the MT4, MT5, and cTrader platforms: cryptocurrencies, metals, commodities, and indices. The 'fixed spread MT4' accounts are managed by the broker utilizing the Market Maker brokerage model. In addition to that, it provides the Non Dealing Desk (NDD) style of execution for all of the other account types and platforms.

The FIBO Group provides clients with competitive fee rates, low spreads that begin at 0 pip increments, cutting-edge technical solutions, and sophisticated trading platforms. Note that there will be a markup applied to fixed spread accounts; this is important information to keep in mind. It is acceptable to engage in any trading strategy, including scalping, hedging, and the use of automated trading robots.

Multiple accolades in this sector have been bestowed to FIBO Group in recognition of its superior brokerage services. Awards such as these include "Best Standard Forex Broker," "Best Forex Broker in Europe," and "Best PAMM service broker." These three prizes were all bestowed to the recipients in 2016 at the conclusion of the "Moscow Financial Expo."

The Cyprus Securities and Exchange Commission (CySEC) has issued a license to FIBO Group Holdings Ltd with the number 118/10, therefore authorizing and regulating the company. The Markets in Financial Instruments Directive (MiFID) of the European Union is adhered to by the Cypriot Securities and Exchange Commission (CySEC)-supervised office. It may be accessed online at www.fibogroup.eu.

The Financial Services Commission of the British Virgin Islands is the body responsible for overseeing FIBO Group Ltd. (FSC BVI). This is the arm that manages the worldwide website that can be found at www.fibogroup.com, and the registration number for this arm is SIBA/L/13/1063.

To comply with the directives of the governing bodies, the money belonging to the customers is kept in separate accounts. Because of this, it will be impossible for the broker to use them to cover their operational costs. In the event that the broker goes bankrupt, any client money that have been prudently stored in segregated accounts will be able to be restored to the respective account holders.

In preparation for a potential economic downturn, FIBO Group has secured financial protection in the form of an insurance policy. This action has also increased the brokerage firm's reliability, which in turn has further protected the cash of the company's customers.

In addition, the money of investors are safeguarded by the fact that FIBO is a member of the Investors Compensation Fund (ICF). Despite the fact that FIBO is a well-capitalized broker, the Investor Compensation Fund (ICF) assures that investors have some protection in the event that the broker declares bankruptcy in the future. In the event that this occurs, the ICF has the ability to provide compensations to clients of the FIBO Group who are eligible. The compensation cannot exceed €20,000 for individual customer.

FIBO wishes to express its apologies but inhabitants of Australia, Austria, Belgium, Great Britain, Iraq, North Korea, and the United States of America are not eligible to use its services.

MetaTrader 4, sometimes known simply as MT4, is a well-known and frequently used trading platform that is utilized by millions of traders all around the world. The 'MetaQuotes Software Corporation,' a Russian company with headquarters in Cyprus, was the one responsible for its creation in 2005. The MT4 trading platform is equipped with all of the essential trading tools that are required for doing in-depth market analysis and trading effectively. The following options are available for use with the FIBO Group MT4:

WebTrader is the online platform's web version, and it is compatible with the vast majority of today's web browsers.

The word "multiterminal" refers to a system that enables many account managers to simultaneously handle various accounts from a single master account.

Mobile applications: Specifically crafted for use on iOS and Android-based smartphones. When it comes to mobile monitoring, analysis, and trading, nothing beats this.

Application for the desktop: This is available as a download for computers running the Windows operating system. It is the version of the MT4 that includes all of its functions, including the installation of trading software add-ons. This is the full feature version of the MT4.

The following is a rundown of the most important aspects of MT4:

The interface, layouts, charts, and colors of the platform may all be modified to suit individual preferences.

Prices in real time for all of the assets that are available.

A wide variety of order kinds, including tools for risk management.

Trading with a single click as well as trading directly from the charts are both available.

Live account balances and a complete trade history are both available.

30 specialized indicators, and 24 objects for in-depth analysis.

There are three sorts of charts based on nine different periods, ranging from one minute (M1) to one month (MN).

Includes support for the MetaQuotes Language (MQL), which is a programming language that may be employed in the production of individualized scripts, indications, and expert advisers (EAs).

Notifications of alerts can be sent by pop-up, email, and SMS.

MT4 Trading Platform Provided by the FIBO Group

MT4 Trading Platform Provided by the FIBO Group

The same company, MetaQuotes Software Corp., was responsible for developing the MT5 trading platform. MT5 was developed with a wider variety of trading tools and features than its predecessor, MT4, which already included a broad array of functionalities. These improvements were made to enhance the platform's existing capabilities. The user interface and applications have a very identical appearance, and both the desktop and mobile versions are intuitive and highly adaptable to individual preferences. Both allow for the creation of bespoke extensions and automated trading through the use of experienced advisers (EAs). When transferred to MT5, software that was developed specifically for MT4 would not function properly, and vice versa.

The FIBO Group MT5 is offered as a desktop program for Windows, in addition to being made accessible as mobile apps for iOS and Android-based devices. In addition to the capabilities offered by the MT4 platform, the MetaTrader 5 (MT5) is equipped with the following key features:

It offers around 21 different timelines, which is 12 more than the MT4 platform has to offer.

It has 6 outstanding orders, which is an increase of 2 over the MT4, which only has 4.

Preloaded with 38 technical indicators, which is an increase of 8 over the MT4's offering.

44 analytical tools, which is an increase of 20 tools compared to those present on the MT4 platform.

Comes with an economic calendar, something that MT4 lacks but which this product has.

It is equipped with the depth of market tool, which is absent from the MT4 platform.

MT5 Trading Platform Provided by the FIBO Group

MT5 Trading Platform Provided by the FIBO Group

cTrade is a trading platform that can accommodate experienced investors as well as novice traders. Utilizing technology known as No Dealing Desk (NDD), it establishes a connection to the markets in real time. "Spotware Systems Ltd," a financial technology company situated in Cyprus and created and led by "Andrey Pavlov," is credited with developing cTrader in the year 2010. cTrader is offered as cTrader online, which can be run directly in a web browser; a desktop platform for Windows that can be downloaded; and Android and iOS applications that can be downloaded via the app stores for those respective operating systems.

The following is a list of some of the most important aspects of the cTrader platform:

The 'buy' and'sell' prices of the instrument are updated in real time and displayed in the Watchlist. It may be tailored to the trader's preferred assets and assets in general.

Multiple order types including market order, limit order, stop order and stop limit order.

There are four different chart styles available on the FIBO cTrader, and they may be presented on any of the 26 timelines.

There are around 65 different technical indicators that may be used for doing technical analysis.

The cAlgo programming language is supported by the platform, which may be utilized to construct indicators and trading robots that can automate forex and CFD trading.

The system is compatible with 21 different languages.

cTrader Platform Provided by the FIBO Group

cTrader Platform Provided by the FIBO Group

The cTrader platform has a social trading function known as the cTrader Mirror. Customers of the FIBO Group are given the choice to either become investors or strategy suppliers. The investors might pay a fee to mimic the trades that the strategy providers broadcast to the market. Spotware has renamed the product cMirror to cTrader Copy and given it a new packaging.

cAlgo: The C# programming language is leveraged on the cAlgo platform in order to facilitate the development of indicators, trading robots, and other types of software.

To qualify for this service, you will need to have a minimum amount in your account equal to $300. The cTrader and MT5 platforms do not support the PAMM services that are offered. Customers of FIBO have the option of either becoming managers or investors in the company. An investor may pick from hundreds of different PAMM accounts to invest in based on the level of risk that they are comfortable with. There is not the slightest assurance that the investors will make a profit when the PAMM manager is trading on their behalf. The performance of PAMM in the past is not always indicative of its future performance.

The FIBO Group provides its customers with the chance to participate in a portfolio that is managed by asset managers that are competent, experienced, and accredited by the CySEC. Investors have the option of selecting one of the following strategies from the pool of available options:

In a balanced manner, the yearly profit objective is set at sixty percent, with forty percent of the earnings going to FIBO. At a loss of thirty percent of deposits, the level of closure is reached.

The annual profit objective that we are shooting for is 120 percent. FIBO will keep 50 percent of the earnings, despite the fact that the degree of closure will result in a loss of 50 percent of the deposits.

Individual: The targeted return on investment is 120%, and FIBO will receive 30% of the profit.

A computer program handles all of the trading, and investors may get data whenever they choose. Investors have the freedom to both deposit additional capital and withdraw previously earned earnings. The first investment volume begins at $50,000. Again, it cannot be emphasized enough that there is zero assurance that the desired outcomes will be achieved.

Real-time transaction statistics are made available to clients in order to uphold the company's commitment to maintaining a policy of openness and to aid traders with information. The data cover open positions, statistics on order execution for all different types of accounts, statistics on spreads, and statistics on the speed at which orders are executed. The figures are derived from actual market data that was compiled from the accounts of customers. The open positions provide insight into the market mood held by traders inside the FIBO Group, which can be used into a contrarian trading strategy.

The FIBO Group brokers analyst team is responsible for maintaining and updating this portion of the website. It is shown no more than a couple times every week on average. It concentrates on the news, events, and fundamentals associated with certain assets, as well as the reaction of the market and an analysis of it.

This calendar allows you customization of the currency, week, day, and events displayed on it. The economic calendar details the times and dates of significant economic events that are known to have an influence on the currencies of the various nations. In addition to that, it presents the projections of the analysts and contrasts them with the previous data. The process of basic analysis makes use of this instrument. It may be accessed through the MT5 trading platform as well as the website of the FIBO Group.

Both the MT4 and MT5 platforms offer access to these features. There are some premium services and some that are completely free. Customers of FIBO Group are at liberty to look for a signal service that meets their needs and subscribe to that service.

Over two hundred and thirty trading-related terms are defined and described in a glossary that may be found on the website of the FIBO Group. It is possible to search the glossary. There are no additional resources for trader education that may be accessed. When compared to the vast majority of other online brokers, this is somewhat restricted.

The FIBO Group provides traders with access to a variety of products. The following are some of them:

Over 60 different currency pairings

9 assets denominated in cryptocurrency

Gold and silver are the two precious metals.

Eight indices

9 Types of Commodities

The FIBO Group provides its customers with a wide variety of account options, each of which is tailored to the customer's level of expertise, amount of capital, and personal preferences. There is just one type of account accessible for the cTrader and MT5 trading platforms, but all of the other account categories are for the MT4 trading platform.

There are a variety of account kinds available, including the following:

The NDD execution type is used for the MT4 Cent account, which is the only platform on which it is accessible. It is designed for inexperienced traders who want to gain some exposure to real market conditions. In addition, there is no requirement for a minimum deposit, and spreads begin at 0.6 pips. The maximum leverage allowed is 1000 to one.

MT4 Fixed: This account utilizes the Market Maker brokerage mechanism, which enables fast executions and is available to traders worldwide. The highest leverage allowed is 1:200, while the minimum starting balance required is $50. Spreads begin at 2 pip increments, and the stop out level is set at 20 percent of the initial investment.

MT4 NDD: The NDD execution model is available with this account type. The minimum amount required is $50, and trading begins with a spread of 0.0 pips. Every trade incurs a fee equal to 0.003 percent of the total transaction value, and the maximum leverage available is 1:400.

MT4 NDD The minimum deposit is $50, and the minimum spread is 0.8 pips. There is no commission on trades. Execution is done via NDD, and there is no fee for commissions because of this, as the name suggests. The cutoff level has been set at fifty percent.

The NDD execution type is utilized while trading using cTrader. The minimum deposit required is $50, and the spread begins at 0 pip levels. Each transaction incurs a fee equal to 0.003 percent of the value of the underlying deal. The cTrader platform allows for the trading of around 41 different currencies at a maximum leverage of 1:400.

MT5 NDD requires a deposit of at least one thousand dollars, and the NDD execution type is utilized to carry out customer orders. The highest leverage available on the FIBO Group MT5 platform is 1:400, and the spread begins at 0 pip increments. Commission fees equal to 0.005 percent of the total value of the transaction are assessed.

On each of the three different platforms, demo accounts may be accessed. These are limitless and unrestricted for all customers, giving you the opportunity to test out the various trading platforms before you commit to creating a real-money account.

Customers who are Muslim and who apply to the support department through email are eligible to have swap-free Islamic accounts setup for them. Swaps are not charged to Islamic accounts, but there may be a weekly fee of $25 to $100 per lot, depending on the instruments being traded. The MT4 fixed account type is the only one that allows access to these features.

The team that provides customer support works out of a number of different office locations, and they are primarily reachable from Monday through Friday. They are fluent in up to 12 different languages. You may get in touch with the team through a variety of channels, including immediate web chat online, email, several phone lines for different regions, and fax. On the website, you'll see a section labeled "FAQs," which stands for "frequently asked questions." FIBO Group may be found on both YouTube and Facebook, two of the most popular social media sites.

However, clients should be aware that the payment processors may charge a cost, and that price will be passed on to the client. FIBO Group claims that it does not charge commissions for deposits or withdrawals, but clients should be aware that this fee may be passed on to them. The following methods of payment are open for selection:

The costs that must be paid for a wire transfer might run anywhere from $35 to $50, depending on the institutions that are involved. The fact that it might take anywhere from two to five days is the most significant disadvantage of bank transfers. The Euro and the US Dollar are both acceptable forms of payment. The smallest amount that may be withdrawn is $80.

Connectum is the payment processor that is utilized to handle the processing of debit and credit card payments. Deposits are handled immediately, however withdrawals to a card might take anywhere from one to three business days. There is a withdrawal commission fee that is equal to 2.5 percent plus €1.5.

Deposits are handled instantly, and there are no fees or commissions associated with regular pay. The minimum amount required to withdraw is ten dollars, and the processing time is ten business days.

Paysafecard is one of the payment methods that are acceptable for US Dollar deposits. There is no fee for the commission, and the payment is handled promptly after it is received.

The following cryptocurrencies may be used to make deposits into Raido Spare: Bitcoin, Ethereum, and Raido Coin. The processor will not charge any commission fees; nevertheless, the commission for using the blockchain may be required. The processing of withdrawals takes two days, and there are no fees or commissions involved.

Bitcoin, Ethereum, and Bitcoin Cash deposits may all be made via Bitpay. The deposit is not subject to any fees, and it is processed instantly once it is made.

BLOCKCHAIN: This is the method via which Bitcoins are deposited. There is no fee for the commission.

The electronic wallet mechanism known as Neteller is utilized for both making deposits and making withdrawals. The minimum amount that may be withdrawn is $10, whereas the least amount that can be deposited is $1.29. While there is no fee associated with making deposits, there is a 2 percent fee associated with withdrawing funds. The fee starts at a minimum of $1.29 and can go up to a maximum of $30. Withdrawals are handled the same day they are requested.

WebMoney, Skrill, CashU, FasaPay, EcoPayz, and Perfect Money are examples of electronic payment systems.

FIBO Group will accept payments made using any of these online payment options. There are no commission fees required for deposits when using WebMoney, EcoPayz, or Perfect Money. Skrill charges a cost of 3.9 percent on deposits, whereas CashU and FasaPay charge commissions of 7 percent and 0.5 percent respectively. Deposits made through the internet are instantly processed. The following are the commissions that are applicable to withdrawals: Skrill charges a one percent fee, WebMoney charges 0.8 percent, and Perfect Money charges 0.5 percent. The processing time for withdrawal requests is typically one day.

Visit the website of the applicable FIBO group and click on the link labeled 'open genuine account.' This will allow you to establish a trading account with FIBO Group. The form may be seen down below.

Complete the form, then click "Submit." You will be instructed to verify your phone number as well as your email address. Please check the email address associated with your account for the verification code and login credentials required to access the FIBO Group clients' area. Make a copy of the code that was supplied to you, and then go in to the customers' area to check that your email address is correct. In addition, fill out the personal information, complete the questionnaire, and verify your identity and residence by using a government-issued ID card and a recent bill from a utility company. Once your account has been approved, you will be able to begin making deposits and trading online.

One of the most established companies in the field of marginal online trading is known as the International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group). 1998 marked the beginning of operations for the holding's pioneering enterprise. We have always adhered, from the very first day of our activity, to the principles of transparent actions, to defend the interests of consumers, and to ensure strict compliance with observance of applicable laws and regulations of national regulators. All of the services that are offered by any of the companies that are part of the FIBO Group holding may reassure our clients and business partners that they are held to the highest international standards and that they are regulated by the appropriate national authorities.

The multinational financial and investment holding company FIBO Group includes the FIBO Group Forex Broker as one of its subsidiaries (Financial Intermarket Brokerage Online Group). On today's modern financial markets, Fibo Group Broker is one of the major and oldest companies in the field of providing services and products related to online marginal trading. Forex clients of the Fibo group, both private and institutional, can be assured that all products offered by any of the subsidiary companies within the forex trading group meet the highest industry standards and are regulated by national reputable financial authorities. This is something that clients of the forex trading group can take comfort in knowing.

Trading in forex and CFDs is made available by the Fibo Group, which offers advantageous trading circumstances. In order to enhance the quality of the services that are provided, the staff at Fibo Group continually assesses the requirements of each trader. Therefore, using Fibonacci in forex trading will almost certainly result in success and profits. A trader may more easily collect all of the market data that is essential for trading with the assistance of various instruments, such as currency calculators and daily market evaluations. Reviews of Fibo Group that can be found on a variety of topical forums provide evidence that the broker is in high demand among members of the community of international currency traders.

FIBO Group has been active in margin markets for over 20 years, and during that time it has developed the ideal mix of trading accounts and trading circumstances to satisfy the requirements of traders in the most efficient manner. Low spreads beginning at 0 pips for the main instruments, and 41 currency pairings to choose from. Streaming currency rates and technology called Instant Execution (on MT4 NDD and cTrader NDD accounts Market Execution technology is applied). Execution of limit orders, stop losses (S/L), and take profits (T/P) at the price mentioned is guaranteed. The minimum lot size is one thousand of the base currency (0.01 of a standard lot). The minimum deposit required is either 0 USD or an amount that is equal in another currency. Leverage: lowest – 1:1, maximum 1:1000 (minimum margin is 0.1 percent of the trade volume). On an MT4 NDD account, the leverage is 1:400. In the event that you roll over your position to the day after the market opens, the settlement date will shift without your intervention. Calculations of swaps are made in pips and based on LIBOR rates. These pips are then translated into the account currency using the exchange rates that are in effect at 00.00 server time and credited to your trading account.

The minimum quantity of a contract for gold is 100 ounces, whereas the minimum quantity for silver is 5000 ounces. The price of gold and silver is displayed in both US Dollars and Euros. You can tell just by looking at the names of the agreements. These days, the cost of gold and silver is often expressed in US Dollars and Euros. The leverage ranges anywhere from 1 to 1 thousand. You are able to open long (buy) positions as well as short (sell) ones. Keep in mind, however, that a swap or rollover charge will be incurred if you decide to carry over your position to the next day. The swap rate might change based on both the asset and the position of the trader (long or short).

Forex broker The Fibo Group is an international financial and investment holding company that is a member of the Fibo Group (Financial Intermarket Brokerage Online Company). Brokers affiliated with the Fibo Group are among the most prominent and innovative companies offering services and solutions related to online marginal trading on modern financial markets. In 1998, the first Fibogroup holding company was established, marking over 20 years since the business's inception. Since the very beginning of the operation of the Fibo Group, the broker's team has always adhered to the principles of highly transparent conditions and services, protecting the interests of customers, and fully complying with the applicable industry requirements and recommendations of national regulators. These principles have been in place since the very beginning of the operation of the Fibo Group. All foreign exchange customers of the Fibo Group, including private individuals and large institutions, are offered a guarantee that all products sold by subsidiaries of the company's foreign exchange trading group are compliant with the highest industry standards and are supervised by appropriate governing bodies. Trading in forex and CFDs is available through Fibo Group, which offers favorable trading circumstances. The requirements of each trader are always being assessed by the Fibo Group team in order to enhance the quality of the services that are offered. Trading in forex using Fibo levels is therefore certain to be both effective and lucrative. A trader may obtain all of the market data that is necessary for trading with the assistance of various tools. Some examples of these tools are currency calculators and daily market evaluations. The trading community appears to have a significant need for the broker, according to assessments of Fibo Group.

Holding Company for International Finance With a history dating all the way back to 1998, FIBO Group (Financial Intermarket Brokerage Online Group) is one of the brokers with the greatest expertise in the field of online trading. The broker has, from the very first day that they have been in business, always adhered to the principles of open operations, and they have done so in full conformity with the law regarding the protection of their clients' interests.

The FIBO Group Company was established in the British Virgin Islands (BVI), and its headquarters are still located there. However, the broker has improved its offering thanks to another entity located in Cyprus, which includes renowned European regulatory authorization and the opportunity to invest in a risk-free manner. Additionally, FIBO's global presence includes high-quality help from its offices in Vienna, Limassol, Shanghai, Singapore, Zurich, Kiev, and Astana.

Is it safe to invest in FIBO Group, or is it a scam? FIBO Group, Ltd., which is in turn overseen by the Financial Services Commission, British Virgin Islands, is the parent company of FONTEN CORPORATION LIMITED, which is a licensed financial services and commercial entity. FONTEN CORPORATION LIMITED is a subsidiary of FIBO Group, Ltd. In point of fact, the BVI is considered an offshore jurisdiction that has comparatively lax regulatory rules and standards for financial companies.

Despite this, the extra entity known as FIBO Group Holdings, Ltd is a corporation that is incorporated in the Republic of Cyprus and has been granted permission by the Cyprus Securities and Exchange Commission (CySEC) to offer its services to nationals of the EU as well as other individuals.

It is in accordance with European Regulation, which, in conjunction with the offshore registration of the FIBO Group, makes the broker an attractive and risk-free investment opportunity.

The FIBO Group review reveals, in its entirety, that the company distributes its services across all of the major markets, including Europe, Asia, the Middle East and North Africa (MENA), and the Commonwealth of Independent States (CIS), while also providing a diverse selection of trading instruments and services. Because it operates on a worldwide scale, the firm offers a wide range of technologies and solutions that are designed to meet the majority of the requirements imposed by trade.

In addition to this, they provide execution that is uninterrupted and flawless, the choice between strategies that are based on a fixed spread or a variable one, the requirement to employ a large leverage, competitive trading conditions, and the ability to engage in social trading.

FIBO Group is an online brokerage that offers Foreign Exchange (Forex) and Contracts for Difference (CFDs) for online trading. They are licensed and provide a variety of account kinds in addition to trading platforms that are adaptable (MT4, MT5, and cTrader). However, the broker does not provide traders with any training resources and does not provide a diverse selection of trading products to choose from.

FIBO Group, also known as Financial Intermarket Brokerage Online, is a global FX and CFD broker that provides clients with competitive trading conditions as well as a variety of online trading services. FIBO Group was established in 1998, and its headquarters can be found in Cyprus. However, the company also has offices in Austria, Kazakhstan, Germany, and China. The website of the FIBO Group is available in a total of 14 different languages.

The FIBO Group makes the following asset classes available for trading on the MT4, MT5, and cTrader platforms: cryptocurrencies, metals, commodities, and indices. The 'fixed spread MT4' accounts are managed by the broker utilizing the Market Maker brokerage model. In addition to that, it provides the Non Dealing Desk (NDD) style of execution for all of the other account types and platforms.

The FIBO Group provides clients with competitive fee rates, low spreads that begin at 0 pip increments, cutting-edge technical solutions, and sophisticated trading platforms. Note that there will be a markup applied to fixed spread accounts; this is important information to keep in mind. It is acceptable to engage in any trading strategy, including scalping, hedging, and the use of automated trading robots.

Multiple accolades in this sector have been bestowed to FIBO Group in recognition of its superior brokerage services. Awards such as these include "Best Standard Forex Broker," "Best Forex Broker in Europe," and "Best PAMM service broker." These three prizes were all bestowed to the recipients in 2016 at the conclusion of the "Moscow Financial Expo."

The Cyprus Securities and Exchange Commission (CySEC) has issued a license to FIBO Group Holdings Ltd with the number 118/10, therefore authorizing and regulating the company. The Markets in Financial Instruments Directive (MiFID) of the European Union is adhered to by the Cypriot Securities and Exchange Commission (CySEC)-supervised office. It may be accessed online at www.fibogroup.eu.

The Financial Services Commission of the British Virgin Islands is the body responsible for overseeing FIBO Group Ltd. (FSC BVI). This is the arm that manages the worldwide website that can be found at www.fibogroup.com, and the registration number for this arm is SIBA/L/13/1063.

To comply with the directives of the governing bodies, the money belonging to the customers is kept in separate accounts. Because of this, it will be impossible for the broker to use them to cover their operational costs. In the event that the broker goes bankrupt, any client money that have been prudently stored in segregated accounts will be able to be restored to the respective account holders.

In preparation for a potential economic downturn, FIBO Group has secured financial protection in the form of an insurance policy. This action has also increased the brokerage firm's reliability, which in turn has further protected the cash of the company's customers.

In addition, the money of investors are safeguarded by the fact that FIBO is a member of the Investors Compensation Fund (ICF). Despite the fact that FIBO is a well-capitalized broker, the Investor Compensation Fund (ICF) assures that investors have some protection in the event that the broker declares bankruptcy in the future. In the event that this occurs, the ICF has the ability to provide compensations to clients of the FIBO Group who are eligible. The compensation cannot exceed €20,000 for individual customer.

FIBO wishes to express its apologies but inhabitants of Australia, Austria, Belgium, Great Britain, Iraq, North Korea, and the United States of America are not eligible to use its services.

MetaTrader 4, sometimes known simply as MT4, is a well-known and frequently used trading platform that is utilized by millions of traders all around the world. The 'MetaQuotes Software Corporation,' a Russian company with headquarters in Cyprus, was the one responsible for its creation in 2005. The MT4 trading platform is equipped with all of the essential trading tools that are required for doing in-depth market analysis and trading effectively. The following options are available for use with the FIBO Group MT4:

WebTrader is the online platform's web version, and it is compatible with the vast majority of today's web browsers.

The word "multiterminal" refers to a system that enables many account managers to simultaneously handle various accounts from a single master account.

Mobile applications: Specifically crafted for use on iOS and Android-based smartphones. When it comes to mobile monitoring, analysis, and trading, nothing beats this.

Application for the desktop: This is available as a download for computers running the Windows operating system. It is the version of the MT4 that includes all of its functions, including the installation of trading software add-ons. This is the full feature version of the MT4.

The following is a rundown of the most important aspects of MT4:

The interface, layouts, charts, and colors of the platform may all be modified to suit individual preferences.

Prices in real time for all of the assets that are available.

A wide variety of order kinds, including tools for risk management.

Trading with a single click as well as trading directly from the charts are both available.

Live account balances and a complete trade history are both available.

30 specialized indicators, and 24 objects for in-depth analysis.

There are three sorts of charts based on nine different periods, ranging from one minute (M1) to one month (MN).

Includes support for the MetaQuotes Language (MQL), which is a programming language that may be employed in the production of individualized scripts, indications, and expert advisers (EAs).

Notifications of alerts can be sent by pop-up, email, and SMS.

MT4 Trading Platform Provided by the FIBO Group

MT4 Trading Platform Provided by the FIBO Group

The same company, MetaQuotes Software Corp., was responsible for developing the MT5 trading platform. MT5 was developed with a wider variety of trading tools and features than its predecessor, MT4, which already included a broad array of functionalities. These improvements were made to enhance the platform's existing capabilities. The user interface and applications have a very identical appearance, and both the desktop and mobile versions are intuitive and highly adaptable to individual preferences. Both allow for the creation of bespoke extensions and automated trading through the use of experienced advisers (EAs). When transferred to MT5, software that was developed specifically for MT4 would not function properly, and vice versa.

The FIBO Group MT5 is offered as a desktop program for Windows, in addition to being made accessible as mobile apps for iOS and Android-based devices. In addition to the capabilities offered by the MT4 platform, the MetaTrader 5 (MT5) is equipped with the following key features:

It offers around 21 different timelines, which is 12 more than the MT4 platform has to offer.

It has 6 outstanding orders, which is an increase of 2 over the MT4, which only has 4.

Preloaded with 38 technical indicators, which is an increase of 8 over the MT4's offering.

44 analytical tools, which is an increase of 20 tools compared to those present on the MT4 platform.

Comes with an economic calendar, something that MT4 lacks but which this product has.

It is equipped with the depth of market tool, which is absent from the MT4 platform.

MT5 Trading Platform Provided by the FIBO Group

MT5 Trading Platform Provided by the FIBO Group

cTrade is a trading platform that can accommodate experienced investors as well as novice traders. Utilizing technology known as No Dealing Desk (NDD), it establishes a connection to the markets in real time. "Spotware Systems Ltd," a financial technology company situated in Cyprus and created and led by "Andrey Pavlov," is credited with developing cTrader in the year 2010. cTrader is offered as cTrader online, which can be run directly in a web browser; a desktop platform for Windows that can be downloaded; and Android and iOS applications that can be downloaded via the app stores for those respective operating systems.

The following is a list of some of the most important aspects of the cTrader platform:

The 'buy' and'sell' prices of the instrument are updated in real time and displayed in the Watchlist. It may be tailored to the trader's preferred assets and assets in general.

Multiple order types including market order, limit order, stop order and stop limit order.

There are four different chart styles available on the FIBO cTrader, and they may be presented on any of the 26 timelines.

There are around 65 different technical indicators that may be used for doing technical analysis.

The cAlgo programming language is supported by the platform, which may be utilized to construct indicators and trading robots that can automate forex and CFD trading.

The system is compatible with 21 different languages.

cTrader Platform Provided by the FIBO Group

cTrader Platform Provided by the FIBO Group

The cTrader platform has a social trading function known as the cTrader Mirror. Customers of the FIBO Group are given the choice to either become investors or strategy suppliers. The investors might pay a fee to mimic the trades that the strategy providers broadcast to the market. Spotware has renamed the product cMirror to cTrader Copy and given it a new packaging.

cAlgo: The C# programming language is leveraged on the cAlgo platform in order to facilitate the development of indicators, trading robots, and other types of software.

To qualify for this service, you will need to have a minimum amount in your account equal to $300. The cTrader and MT5 platforms do not support the PAMM services that are offered. Customers of FIBO have the option of either becoming managers or investors in the company. An investor may pick from hundreds of different PAMM accounts to invest in based on the level of risk that they are comfortable with. There is not the slightest assurance that the investors will make a profit when the PAMM manager is trading on their behalf. The performance of PAMM in the past is not always indicative of its future performance.

The FIBO Group provides its customers with the chance to participate in a portfolio that is managed by asset managers that are competent, experienced, and accredited by the CySEC. Investors have the option of selecting one of the following strategies from the pool of available options:

In a balanced manner, the yearly profit objective is set at sixty percent, with forty percent of the earnings going to FIBO. At a loss of thirty percent of deposits, the level of closure is reached.

The annual profit objective that we are shooting for is 120 percent. FIBO will keep 50 percent of the earnings, despite the fact that the degree of closure will result in a loss of 50 percent of the deposits.

Individual: The targeted return on investment is 120%, and FIBO will receive 30% of the profit.

A computer program handles all of the trading, and investors may get data whenever they choose. Investors have the freedom to both deposit additional capital and withdraw previously earned earnings. The first investment volume begins at $50,000. Again, it cannot be emphasized enough that there is zero assurance that the desired outcomes will be achieved.

Real-time transaction statistics are made available to clients in order to uphold the company's commitment to maintaining a policy of openness and to aid traders with information. The data cover open positions, statistics on order execution for all different types of accounts, statistics on spreads, and statistics on the speed at which orders are executed. The figures are derived from actual market data that was compiled from the accounts of customers. The open positions provide insight into the market mood held by traders inside the FIBO Group, which can be used into a contrarian trading strategy.

The FIBO Group brokers analyst team is responsible for maintaining and updating this portion of the website. It is shown no more than a couple times every week on average. It concentrates on the news, events, and fundamentals associated with certain assets, as well as the reaction of the market and an analysis of it.

This calendar allows you customization of the currency, week, day, and events displayed on it. The economic calendar details the times and dates of significant economic events that are known to have an influence on the currencies of the various nations. In addition to that, it presents the projections of the analysts and contrasts them with the previous data. The process of basic analysis makes use of this instrument. It may be accessed through the MT5 trading platform as well as the website of the FIBO Group.

Both the MT4 and MT5 platforms offer access to these features. There are some premium services and some that are completely free. Customers of FIBO Group are at liberty to look for a signal service that meets their needs and subscribe to that service.

Over two hundred and thirty trading-related terms are defined and described in a glossary that may be found on the website of the FIBO Group. It is possible to search the glossary. There are no additional resources for trader education that may be accessed. When compared to the vast majority of other online brokers, this is somewhat restricted.

The FIBO Group provides traders with access to a variety of products. The following are some of them:

Over 60 different currency pairings

9 assets denominated in cryptocurrency

Gold and silver are the two precious metals.

Eight indices

9 Types of Commodities

The FIBO Group provides its customers with a wide variety of account options, each of which is tailored to the customer's level of expertise, amount of capital, and personal preferences. There is just one type of account accessible for the cTrader and MT5 trading platforms, but all of the other account categories are for the MT4 trading platform.

There are a variety of account kinds available, including the following:

The NDD execution type is used for the MT4 Cent account, which is the only platform on which it is accessible. It is designed for inexperienced traders who want to gain some exposure to real market conditions. In addition, there is no requirement for a minimum deposit, and spreads begin at 0.6 pips. The maximum leverage allowed is 1000 to one.

MT4 Fixed: This account utilizes the Market Maker brokerage mechanism, which enables fast executions and is available to traders worldwide. The highest leverage allowed is 1:200, while the minimum starting balance required is $50. Spreads begin at 2 pip increments, and the stop out level is set at 20 percent of the initial investment.

MT4 NDD: The NDD execution model is available with this account type. The minimum amount required is $50, and trading begins with a spread of 0.0 pips. Every trade incurs a fee equal to 0.003 percent of the total transaction value, and the maximum leverage available is 1:400.

MT4 NDD The minimum deposit is $50, and the minimum spread is 0.8 pips. There is no commission on trades. Execution is done via NDD, and there is no fee for commissions because of this, as the name suggests. The cutoff level has been set at fifty percent.

The NDD execution type is utilized while trading using cTrader. The minimum deposit required is $50, and the spread begins at 0 pip levels. Each transaction incurs a fee equal to 0.003 percent of the value of the underlying deal. The cTrader platform allows for the trading of around 41 different currencies at a maximum leverage of 1:400.

MT5 NDD requires a deposit of at least one thousand dollars, and the NDD execution type is utilized to carry out customer orders. The highest leverage available on the FIBO Group MT5 platform is 1:400, and the spread begins at 0 pip increments. Commission fees equal to 0.005 percent of the total value of the transaction are assessed.

On each of the three different platforms, demo accounts may be accessed. These are limitless and unrestricted for all customers, giving you the opportunity to test out the various trading platforms before you commit to creating a real-money account.

Customers who are Muslim and who apply to the support department through email are eligible to have swap-free Islamic accounts setup for them. Swaps are not charged to Islamic accounts, but there may be a weekly fee of $25 to $100 per lot, depending on the instruments being traded. The MT4 fixed account type is the only one that allows access to these features.

The team that provides customer support works out of a number of different office locations, and they are primarily reachable from Monday through Friday. They are fluent in up to 12 different languages. You may get in touch with the team through a variety of channels, including immediate web chat online, email, several phone lines for different regions, and fax. On the website, you'll see a section labeled "FAQs," which stands for "frequently asked questions." FIBO Group may be found on both YouTube and Facebook, two of the most popular social media sites.

However, clients should be aware that the payment processors may charge a cost, and that price will be passed on to the client. FIBO Group claims that it does not charge commissions for deposits or withdrawals, but clients should be aware that this fee may be passed on to them. The following methods of payment are open for selection:

The costs that must be paid for a wire transfer might run anywhere from $35 to $50, depending on the institutions that are involved. The fact that it might take anywhere from two to five days is the most significant disadvantage of bank transfers. The Euro and the US Dollar are both acceptable forms of payment. The smallest amount that may be withdrawn is $80.

Connectum is the payment processor that is utilized to handle the processing of debit and credit card payments. Deposits are handled immediately, however withdrawals to a card might take anywhere from one to three business days. There is a withdrawal commission fee that is equal to 2.5 percent plus €1.5.

Deposits are handled instantly, and there are no fees or commissions associated with regular pay. The minimum amount required to withdraw is ten dollars, and the processing time is ten business days.

Paysafecard is one of the payment methods that are acceptable for US Dollar deposits. There is no fee for the commission, and the payment is handled promptly after it is received.

The following cryptocurrencies may be used to make deposits into Raido Spare: Bitcoin, Ethereum, and Raido Coin. The processor will not charge any commission fees; nevertheless, the commission for using the blockchain may be required. The processing of withdrawals takes two days, and there are no fees or commissions involved.

Bitcoin, Ethereum, and Bitcoin Cash deposits may all be made via Bitpay. The deposit is not subject to any fees, and it is processed instantly once it is made.

BLOCKCHAIN: This is the method via which Bitcoins are deposited. There is no fee for the commission.

The electronic wallet mechanism known as Neteller is utilized for both making deposits and making withdrawals. The minimum amount that may be withdrawn is $10, whereas the least amount that can be deposited is $1.29. While there is no fee associated with making deposits, there is a 2 percent fee associated with withdrawing funds. The fee starts at a minimum of $1.29 and can go up to a maximum of $30. Withdrawals are handled the same day they are requested.

WebMoney, Skrill, CashU, FasaPay, EcoPayz, and Perfect Money are examples of electronic payment systems.

FIBO Group will accept payments made using any of these online payment options. There are no commission fees required for deposits when using WebMoney, EcoPayz, or Perfect Money. Skrill charges a cost of 3.9 percent on deposits, whereas CashU and FasaPay charge commissions of 7 percent and 0.5 percent respectively. Deposits made through the internet are instantly processed. The following are the commissions that are applicable to withdrawals: Skrill charges a one percent fee, WebMoney charges 0.8 percent, and Perfect Money charges 0.5 percent. The processing time for withdrawal requests is typically one day.

Visit the website of the applicable FIBO group and click on the link labeled 'open genuine account.' This will allow you to establish a trading account with FIBO Group. The form may be seen down below.

Complete the form, then click "Submit." You will be instructed to verify your phone number as well as your email address. Please check the email address associated with your account for the verification code and login credentials required to access the FIBO Group clients' area. Make a copy of the code that was supplied to you, and then go in to the customers' area to check that your email address is correct. In addition, fill out the personal information, complete the questionnaire, and verify your identity and residence by using a government-issued ID card and a recent bill from a utility company. Once your account has been approved, you will be able to begin making deposits and trading online.

FIBO Group is clearly an established online broker in the FX and CFD trading sector. The company has more than 20 years of industry expertise and has won several accolades. CySEC and FSC BVI are the regulatory bodies that oversee them. The broker attests that it abides by all of the norms of conduct outlined by the authorities and that it is compliant with all of these regulations.

Clients have access to a wide variety of account types, and they are free to select one that best suits their needs in terms of money, leverage, experience level, trading platform preference, and so on. Trading platforms that are both flexible and inventive, such as MT4, MT5, and cTrader, are made available to customers, and all trading strategies are tolerated. Additionally, the broker offers a variety of account kinds in addition to over a dozen different payment options.

Despite this, FIBO Group offers a very restricted range of trading instruments in comparison to other brokers, and they do not make any instructional resources available to users in order to assist them in developing their trading expertise and knowledge.

FIBO Group is a company that has been operating in this sector for a very long time and has repeatedly demonstrated that it is committed to providing exceptional customer service and reasonable business terms. However, since FIBO Group began providing CFD and FX trading services in the early 2000s, numerous other renowned brokers have grown far more popular. FIBO Group was one of these brokers.

As a result, the purpose of this FIBO Group review is to determine whether or not you will be better served by using this historic broker rather than another. Although FIBO Group has a number of licenses from several top-tier authorities, a reliable trading platform, and a sizable selection of assets that can be traded, we found that it was lacking in a number of the most cutting-edge aspects that have become standard in the industry. Continue reading to learn more about the broker and to determine whether or not it would be a good fit for you.

However, there is still a significant amount of work to be done in order to establish representative offices in various countries across the world before the firm can fulfill its goal of providing localized service for its customers. Regardless, FIBO Group deserves a large lot of credit for trying to expand its reach to various nations, which is surely an excellent proposal for new customers as well as existing customers. Despite the fact that FIBO Group has offices all over the world, the majority of the regulatory work for the company is done by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Commission (FSC) of the British Virgin Islands (BVI).

Please visit us online at www.fibogroup.com.
Support: +357 25 105 641

Agias Fylaxeos may be found at the following location: Office 103, 182 Kofteros Business Center, Limassol, Cyprus.

FIBO Group has been a regulated member of both the CySEC and the FSC for a considerable amount of time and has been adjusting to all of the regulatory changes that have been imposed by the agencies in accordance with the worldwide needs for the rules governing financial enterprises. The accession of Cyprus to the European Union during the implementation of sophisticated European MiFID derivatives was a major factor in the further strengthening of CySEC's position as a leading financial regulator within the European Union. Clients who work with Forex brokers headquartered in Cyprus have reported receiving good services and having peace of mind about the protection of their assets, contributing to CySEC's rise to prominence as one of the most reputable regulatory agencies in the business. It is possible that the value of the regulatory license may decrease to some degree as a result of the fact that the BVI FSC is not as experienced or as dependable as the CySEC. Because of their reputation as a popular tax haven, traders tend to view brokers who are based in the British Virgin Islands with a healthy level of skepticism. [C]onsiderable amounts of suspicion are placed in brokers who are based in the British Virgin Islands. Nevertheless, FIBO Group makes it abundantly clear that the Financial Services Commission of the British Virgin Islands only regulates the parent company, and that the Cyprus Securities and Exchange Commission (CySEC) regulates and supervises all Forex trading activities and allied accounts in accordance with the extensive MiFID guidelines. Your money are protected at all times from any and all sorts of fraudulent financial activity by FIBO Group, which is assured by the routine auditing procedure carried out by CySEC. Additionally, the policy of the EU MiFID requiring the storage of client money in separate accounts at tier-1 European banks has been put into effect by the regulatory body. Traders are able to rest easy knowing that their funds will only be utilized to maintain their position in the market because brokers that are authorized by CySEC are prohibited from using their traders' investments for any of the broker's internal operations or other sorts of funding. Through its Investor Compensation Fund, the FIBO group would pay its traders for losses up to €20,000 in the sad case of any broker going bankrupt or liquidating their business (ICF).

The FIBO Group has built a comprehensive portfolio of trading accounts to cater to the needs of a wide variety of traders and the specific nature of their trades. If you are a trader and want to establish an account with FIBO Groups, you will need at least $300 in order to do so, which is regarded to be on the upper end of the spectrum. Regardless, $300 will get you access to a No Dealing Desk (NDD) model, which will link you up directly with an interbank liquidity source. There are no maximum limitations placed on either the number of lots that may be traded or the total number of positions that can be held across all accounts. The minimum trading volume for all accounts is set at 0.01 lots. Because the trading accounts offered by FIBO Group provide direct market access, all orders are fulfilled at the market price, and there are no requotes involved. Nevertheless, slippages and only partial fulfillment of orders might be caused by ECN and DMA circumstances, and this is perfectly acceptable. The various trading platforms provided by FIBO Groups are taken into consideration while differentiating the trading accounts that are made available by the organization. When it comes to direct market access trading, FIBO Group offers support for the MT4, MT5, and cTrader trading platforms as their major trading options. The MT4 and MT5 terminals are both licensed from MetaQuotes, whereas Spotware's cTrader is a popular alternative to the MT4 terminal. Both of these terminals are produced by MetaQuotes. multimedia Because all of the FIBO Group platforms are connected by ECN protocols, we are able to provide clients the most competitive pricing and tightest spreads available. The MT4 NDD account is the initial kind of account, and it is the only one that has FIBO Group spreads that begin at zero pips. The fee rate for the MT4 NDD account is 0.003 percent of the transaction value, and the real-time spreads can range anywhere from 0 to 1 pip. If you don't want to pay a commission for your trades, you may take advantage of the MT4 NDD No Commission account, which guarantees that you won't have to pay any commissions at all in exchange for a spread that is somewhat wider, beginning at 0.8 pips. The commission has been added to the spread by the broker as a markup, although the broker offers provide prices for trading that are straightforward and do not take into account any commissions. Access to a total of 32 and 38 distinct instruments, respectively, are available to users of the MT4 NDD and MT4 NDD No Commission accounts. The third variety of account is known as a cTrader NDD account, and it has requirements that are practically identical to those of an MT4 NDD account. There are some small variations, such as access to about 41 different currency pairings and a margin call of 100 percent, in contrast to the MT4 NDD accounts, which have a margin call of only 50 percent. The cTrader account gives a maximum leverage of 1:100, whereas the MT4 accounts have a maximum leverage of 1:400 through the FIBO Group. cTrader offers a modest advantage over MT4 in terms of speed of execution, price clarity, and charting features; nevertheless, other trading circumstances, such as spreads and commissions, remain largely the same. The MT5 NDD account is the fourth and final type of trading account. This account is only available to customers who make deposits that are greater than $500. The spreads begin at 0 pip, but traders may take advantage of superior commissions that are cheaper the more they trade. These costs are scaled according to the magnitude of the trades. You should plan on spending anywhere from $20 to $30 each million USD that is exchanged. This is undoubtedly one of the lowest commissions that the industry has to offer. In addition, the maximum leverage that may be used with the MT5 NDD account is set at 1:100, and you will have access to a total of 42 different currency pairings. Your FIBO Group mobile trading experience will be dependable and protected if you download the MT4, MT5, and cTrader platforms onto your smartphones and tablets. cTrader is regarded as the greatest ECN platform, despite the fact that MT4 is the most used trading platform for retail traders. This is due to the fact that cTrader is the only platform that links traders directly to the ECN liquidity provider. Your overall trading experience is certain to be enhanced by any of the FIBO Group trading interfaces, regardless of which one you decide to use. Because of the high level of professionalism and commitment to customer care displayed by the broker, FIBO Group is one of the Forex brokers that we are most likely to suggest to our clients. Considering the kinds of goods that are on offer, FIBO Groups does have a potential of being the dominant player in the market and giving the established brokers in the market a run for their money.

FIBO Group, which stands for Financial Intermarket Brokerage Online Group, is a broker that was established in 1998 and offers trading in foreign currency exchange (forex), contracts for difference (CFD), spot metals, and cryptocurrencies. One of the more established players in the industry for internet trading.

The FIBO Group, which has gained notoriety for its stringent compliance and high operating standards, requires a minimum deposit of one hundred dollars from its customers and enables them to engage in market maker trading using a variety of account types.

On the website of the firm, it is said that the broker engages in operations that are transparent, that it defends the interests of its customers, and that it complies with all applicable laws and regulations. The FIBO Group provides services that are in accordance with international standards and are audited by the relevant organizations.

Traders that are interested in trading a diverse variety of assets, in particular FX currency pairs and single equities, are the target audience for FIBO Group. Those investors who are seeking for a selection of NDD accounts, in addition to mirror trading and PAMM services, will find the broker to be an exceptionally helpful resource.

Is the FIBO Group a good company? As a result of the broker's long-standing relationship with the market, he has already been awarded a number of times. At the Forex Expo Awards in 2015, the broker was able to take home the title of "best standard forex broker," in addition to earning accolades for their work in the field of customer care. At Forex Expo 2011, the FIBO Group was recognized as having the "best CFD Broker" distinction.

In addition to that, further honors won in years gone by may be found mentioned on the website.

According to the findings of our research of the FIBO Group, there are other partners in Russia, Singapore, and Shanghai. The FIBO Group is a forex broker that holds two licenses, and as a result, it is subject to stringent restrictions. FIBO Group is a participant in the Investor Compensation Fund as a member company (ICF). Each individual customer's money, up to a maximum of 20,000 euros, are safeguarded in a separate account.

Traders at FIBO Group have access to many trading platforms in addition to the industry standard MetaTrader 4. Additionally accessible is MetaTrader 5. As was seen in the analysis of FIBO Group, traders may also conduct their business using the cTrader.

Through the use of the No Dealing Desk technology, the cTrader platform gives users access to the foreign exchange market. Traders may access their trading account on the web-based platform from any personal computer (PC) that is connected to the internet.

The cTrader Web has the following advantages:

Dealing is feasible from any available PC.

The platform is compatible with all standard browsers.

With only one click, positions may be opened and closed.

Carry out a study of the technical aspects

The breadth and depth of market presence

A straightforward user interface with uncomplicated controls

Experienced traders have the ability to design their own indicators for use in technical analysis by using the cTrader platform. The written code for the trading robot may be downloaded quickly and easily utilizing the plug and play functionality. Traders are able to automate their transactions when using the cMirror platform. The user has access to a wide number of technical indicators for the aim of achieving this goal.

Customers of the FIBO Group are able to download the app for MetaTrader 4 and 5 at no additional cost. For mobile trading, the application for mobile devices provides a comprehensive set of capabilities. In addition, each and every order type, including the pending order, is open for business. The user interface of the program is really straightforward, and it is very simple to operate. Directly from the chart, you are able to make individual trade orders. Analyses of a technical nature can also be performed using the mobile apps. Users may access interactive web charts, nine different time periods, and thirty different indicators in order to accomplish this goal.

Free demo accounts are available to use in order to try out the FIBO Group's various trading platforms. Traders get access to each and every function as well as the underlyings. During the course of our analysis of FIBO Group, we discovered that the broker offers its clients a representation of the actual market circumstances. The demo account has adequate "play money" and can be utilized for a period of sixty days during which time it is accessible.

I think it's extremely important for newbies to explore every possible trading opportunity. Within the allotted time frame of sixty days, this ought to be doable without any complications. In addition, a number of other trading techniques may be evaluated risk-free. After you convert to the live account, trading with actual cash is going to be much simpler.

Credit cards and wire transfers from your bank are two fee-free options for making deposits into your trading account. In addition, the broker will acknowledge payments made electronically using WebMoney and Neteller. When using WebMoney to make deposits, a fee equal to 0.08 percent of the total amount deposited is deducted from your account. When using Neteller, there is a little increase in transaction fees.

3.5 percent in addition to $0.29 is the total amount. The same day that a deposit is made using a credit card or electronic wallet, the funds are reflected in the trading account. When it comes to bank transfers, the credit may not be applied until anywhere from two to five business days after the transfer has been completed.

According to the findings of our investigation into the FIBO Group's broker services, payment requests are fulfilled on the very same day. When money is sent to an account using a service like Neteller or WebMoney, the credit is often applied on the same business day. After receiving the request, the processing of transfers will begin no later than three business days later.

Positive sentiments have been expressed by members of the FIBO Group with regard to its trading accounts. The reason for this is because I have two real money accounts along with a FIBO Group demo account, which is a lot of fun. The demo account offers everything, including the ability for traders to determine for themselves the amount of virtual credit that they require.

Simply input the amount that you wish to spend on the FIBO Group sample account and it will be made accessible to you. For example, if you want to use one million euros (or another currency), you may do so by entering it yourself. Virtually no other broker provides the same level of adaptability.

With the FIBO Group, the trading account may be quickly and easily created on their website. In most cases, finishing this up won't take more than a few minutes. A deposit of at least $300 USD is required, thank you. In order to make the initial stages more manageable for you, I have drafted "step-by-step directions."

The first thing you need to do is indicate on the homepage that you want to register a live account. Traders also have the option of beginning with a risk-free practice account.

The second step involves opening the online form in a new tab or window. To begin, your full name, email address, and telephone number will be requested in this section.

Step 3: Confirmation of the registration is now displayed on-screen and sent through email. The customer must now confirm their email address before continuing. In order to accomplish this goal, a confirmation code is supplied, which is thereafter inputted into the relevant box. Traders are now able to upload their personal information in the customer area of their accounts. In order to legitimize the document, a copy of the identification card is also necessary.

According to the analysis conducted by FIBO Group, the trading account may be established within one business day.

Trading platforms owned by FIBO Group have been updated to include bitcoin derivative products. You will have the ability to invest in and trade the most well-known cryptocurrencies on the market here at FIBO Group, including Bitcoin, Ethereum, Ethereum Classic, Litecoin, Zcash, Dash, and Monero.

Fibo Group, much like the majority of other brokers, deducts a charge from the spread, which is the difference between the price at which an instrument may be bought and sold.

Trading with the FIBO Group provides a number of benefits, one of which is spreads that are both flexible and relatively small. According to the findings of this investigation by the FIBO Group, the spread for the widely traded EUR/USD currency pair was 0.3 pips. A spread of 0.5 pips was seen during trading in the currency pair GBP/USD. There is also a commission involved, which is standard practice for ECN trading. This is not an excessive amount at $3 for every 100 units that are exchanged.

When it comes to foreign exchange (Forex), the broker provides a maximum leverage of 1: 400. The bare minimum required for margin is 0.5% of the total trading volume. When opening a forex account with FIBO Group, a minimum deposit of $300 United States Dollars is required. The currency of the trading account can be changed between USD, EUR, CHF, GBP, or RUB at any time. The minimum amount of basic money that may be traded is one thousand of its units.

When it comes to trading spot metals, the appropriate leverage varies from 1:50 all the way up to 1:400. Costs associated with trading gold and silver contracts are capped at $5 per contract. There is the potential to open both long and short positions. It is important to keep in mind, however, that delaying the execution of a trade until the next day will result in a swap or rollover. The position (whether short or long) and the assets are taken into consideration when determining the swap values.

What is the bare minimum required for a deposit? Before beginning trading with the FIBO Group as your broker, you will be required to make a minimum deposit into your trading account. According to the findings of our analysis by the FIBO Group, there is also a sum reported that is equal to zero dollars in US currency. When compared to those of other Forex and CFD brokers, the minimum deposit that is required is far lower than the industry standard. Even though novice traders typically begin their trading careers with very modest capital stakes, the size of the minimum deposit is simple to understand and manage.

Be aware that the MT5 NDD account type has a minimum deposit of $500 or its equivalent in another currency if you want to use that particular account type.

Beginners won't have any trouble meeting the broker's minimal deposit requirements. The trading account can, of course, be funded with a greater sum of money if so desired. For the MT5 NDD account, the currencies Euro, US Dollar, and Swiss Franc are provided as options for the account currency. You have the option of trading in both the British Pound and the Russian Ruble if you go with the MT4 NDD No Commission account. The MT4 NDD account offers access to only the USD account currency as a trading option.

What steps are taken if traders have queries regarding the expenses of the FIBO Group or other topics? It is expected that support will be present, and it is. Is the FIBO Group a reliable organization in this regard? Yes. FIBO Group is present in at least two different places given that it has an address in both Munich and Limassol.

However, you can only get in touch with assistance between the hours of 9:00 a.m. and 6:00 p.m.

We discovered that FIBO Group members have favorable thoughts on the customer support category. However, my previous experiences have taught me that receiving help might take quite some time, particularly when there is a high volume of calls. Therefore, it is conceivable to have a waiting loop that lasts for a few minutes. You are mistaken if you believe that email is a speedier form of communication. After a few hours, or even after one or two days, responses to inquiries sent by email have been found to be given based on previous experiences. Help from assistance that is provided quickly takes a different form.

Despite this, the frequently asked questions section is persuasive. It offers a multitude of responses to the issues that need to be answered the most and eventually results in a more favorable assessment from the FIBO Group.

Is it safe to use FIBO Group? Yes. License number 118/10 has been issued to FIBO Group Holdings Limited by the Cyprus Securities and Exchange Commission (CySEC), where it is registered as a company. In addition to this, the Financial Conduct Authority (FCA) of the United Kingdom oversees FIBO Group (FRN: 532885).

The primary business, FIBO Group Ltd., is licensed by the Financial Services Commission (FSC) and is registered in the British Virgin Islands under the SIBA/L/14/1063 license.

Regulation is an essential component of a high-quality Forex broker and is essential for ensuring safe trading. This guarantees that the broker has adequate financial resources at their disposal. Additionally, the rules of the EU guarantee that client money are managed in a manner that is distinct from that of the actual assets of the firm.

Additionally, the foreign exchange broker is a participant in the Investor Compensation Fund (ICF). Customers may feel safe knowing that their deposits are protected up to the sum of 20,000 euros. Therefore, the FIBO Group is able to be categorized as a broker that is completely trustworthy and risk-free. The longevity of the company's performance lends further credence to this assertion. Since 1998, the broker has maintained a presence in the global financial sector. We have not been able to locate any FIBO Group reviews that are critical at this time.

FIBO Group merits one of the first spots among the brokers that are most recommended by leading financial experts due to the high quality and comprehensive nature of the services that are provided by the company.

The degree of professionalism and expertise achieved after more than two decades of experience is exceptional and much above the average of what is provided by the majority of the industry's rivals.

FIBO Groups provides terms and tools that are appropriate for a variety of investing styles and profiles. The company also provides solutions and accounts that are appropriate for professionals operating at varying levels of expertise, in addition to providing exceptionally high standards and outstanding customer service.

Our investigation into FIBO Group has led us to the conclusion that this particular broker enjoys an excellent reputation among members of the online forex community and is widely regarded as being among the most successful brokers operating in the industry at the present time.

According to the findings of this analysis of FIBO Group, traders have access to an online broker that is capable of meeting a variety of requirements, most notably those of a professional nature. The cTrader and MetaTrader 5 platforms are both available to users in addition to the MetaTrader 4 platform. This translates to the fact that a wide variety of approaches and specialized methods of analysis may be utilized. There is a highly balanced range of underlying in the market for currencies, and there is a very broad range of equities in the market for stocks; hence, there are a lot of options for trading. On the bright side, it is a trustworthy and secure merchant that is governed in accordance with the criteria established by the EU. Therefore, traders do not need to worry about becoming victims of a scam or rip-off perpetrated by FIBO Group.

FIBO Group is a non-dealing desk (NDD) broker that was established in 1998 and is authorized by CySEC. They provide two distinct account types and complete support for MT4.

Both accounts provide trading conditions that are comparable to those offered by other brokers; however, the costs associated with non-trading activities, such as deposits, withdrawals, and inactivity, are significantly higher with FIBO Group.

Beginners will be able to subscribe to advanced automatic trading signals and for PAMM accounts, despite the fact that the trading instruments available to them are restricted. In addition, the choice of CFDs provided by FIBO Group is not very impressive, which may lead to dissatisfaction among skilled traders.

Trading with FIBO Group is risk-free and recommended for anyone living in the UK. Regulation comes from CySEC in Cyprus and the FSC in the British Virgin Islands and is maintained by this organization.

FIBO Group Holdings was established in 1998 and is a hybrid ECN/NDD market maker. It has been authorized and controlled by CySEC since 2010 (license number 118/10) and has been in operation since 1998. In the extremely improbable event that FIBO Group should declare bankruptcy, the Investor Compensation Fund (ICF), of which it is a member, will reimburse traders for losses up to a maximum of 20,000 Euros per.

In addition, FIBO Group Ltd is regulated by the British Virgin Islands Financial Services Commission (No. SIBA/L/13/1063) since 2016 (the company was formed in the British Virgin Islands). FIBO Group provides services to customers located outside of the EU through its office in the British Virgin Islands (BVI). Customers who trade via a company regulated by the British Virgin Islands (BVI) will not be protected by the ICF compensation system.

Traders from the United Kingdom will conduct their business under the umbrella of the FIBO Group organization, which is regulated by the Cyprus Securities and Exchange Commission (CySEC).

CySEC has a great reputation and mandates that brokers retain customer monies in separate accounts, that brokers provide traders with protection against negative balances, and that brokers produce monthly statements. FIBO Group ensures that all client funds are held in segregated accounts at tier-1 banks in order to comply with these rules. Additionally, the company provides its traders with negative balance protection; however, it is important to note that negative balance protection is not available to professional clients.

Additionally, FIBO Group discloses all trading information for all accounts, which includes execution speed, average and minimum spreads, as well as slippage percentages.

In addition, FIBO Group acts as a market maker in the capacity of either an Electronic Communication Network (ECN) or a No Dealing Desk (NDD). In either case, all trades for clients are carried out without any influence from the dealing desk, so avoiding any potential conflicts of interest, with the exception of one of the company's accounts.

In addition, the leverage is rather high, reaching up to 400:1 due to the fact that FIBO Group exclusively deals with professional clients from the UK. It also has low minimum deposit requirements, which means that it will be difficult for traders who deposit small amounts to hold a substantial trading position without getting stopped out, losing the money in their trading account, and possibly going into a negative balance. This is because the requirements for the minimum deposit are so low.

We believe FIBO Group to be a reliable broker to trade with on the whole on account of the company's extensive track record of ethical behavior, the stringent international regulation it is subject to, and its commitment to transparency. Traders, on the other hand, should be cautious of the high leverage, low minimum deposit requirements, and absence of protection against negative balances (for professional clients), all of which might result in their trading accounts being completely wiped out or even incurring a negative balance.

The trading costs charged by FIBO Group are, for the most part, comparable to those charged by other brokers in a similar market.

On the MT4 platform, FIBO Group provides traders with only two account types, in contrast to other brokers that provide a variety of accounts, some of which need larger minimum deposits and are tied to tighter spreads.

The MT4 NDD Commission Account provides traders with competitive spreads in exchange for a commission per lot, whereas the MT4 NDD No Commission Account incorporates all transaction costs into its variable spreads.

The accounts held by FIBO Group were analyzed so that the fees associated with them could be compared to those of other forex brokers. The expenses were determined based on the trading fees associated with one lot of EUR/USD (100 000 USD), which included the spreads and commissions.

For the sake of our computation, we chose to utilize one lot of EUR/USD as our benchmark because this currency pair is the one that is traded the most frequently and it typically has the smallest spread.

At FIBO Group, the swap rate is the last trading fee that must be taken into consideration. This rate is imposed on positions that are held overnight. Each night that a position is held, interest is either paid out (or received) by the company. When it comes to foreign exchange instruments, the cost of the transaction is determined not only by the positions that are taken (i.e. long or short), but also by the rate differentials that exist between the two currencies that are exchanged. The swap rates for each financial instrument offered by FIBO Group are made publically available on the company's website. Additionally, the exchange rate is automatically translated to the base currency of the client's trading account.

The FIBO Group's overall trading expenses are very comparable to those of the industry as a whole.

The non-trading costs charged by FIBO Group are greater than the industry standard.

The non-trading fees that brokers impose are among the trading charges that are most frequently disregarded by investors. These fees have the potential to severely impact your profitability and should, as a result, be thoroughly investigated.

In addition to charging fees for inactivity, FIBO Group levies commissions on the majority of the available deposit and withdrawal methods (for more information on deposits and withdrawals, see here). Withdrawals made using a credit card or debit card, for instance, are subject to a charge equal to 2.5 percent plus 1.5 euro. After 91 days of an account remaining inactive, FIBO Group starts charging a dormancy fee of 5 USD per month to the account holder.

When taken into consideration as a whole, these non-trading costs are among the highest in the sector.

The procedure of creating an account and having it verified at FIBO Group is completely automated and paperless, and once an account is opened, it is instantly available for trading.

Corporate and professional accounts are available through FIBO Group. In order to serve the needs of this analysis, we will provide an overview of the steps required to create a professional account:

To create an account, you will need to provide your name, email address, and telephone number after clicking on the 'Live Account' option on the FIBO Group site. After doing so, you will be led to the account registration page.
To ensure that the transaction was completed by you, a verification pin will be issued to the email address that you provided. A confirmation pin will also be issued to the telephone number that was provided when the account was created.
Traders are required to provide their personal information in order to complete the registration form for the FIBO Group. This information includes their actual address, date of birth, and identification number.
The next step for traders is to fill out a form that includes information about their work, employment status, and trading knowledge.
Traders will next be required to select the account type, degree of leverage, and account currency that best suits their needs (for more information on the FIBO Group's account types, click here).
After that, traders are able to begin trading after depositing cash into their accounts.
The following papers must be provided to FIBO Group in order to enjoy the full range of services that are offered by the company as well as to be able to withdraw monies from your account:
Proof of Identification The FIBO Group will accept any kind of identification granted by the government, including a passport, a national ID card, a driver's license, or any other form of identification authorized by the government.
Proof of Address A document containing a trader's complete name, their current residential address, the date it was issued, and the issuing authority is required to serve as proof of residency or address. This document must have been issued in the name of the account holder within the past six months.
In general, creating an account with FIBO Group is a completely digital and uncomplicated procedure, and once opened, accounts are instantly ready for trading.

The FIBO Group provides two account options; nevertheless, it is only intended for use by experienced traders.

FIBOGroup is a broker with no dealing desk that provides market execution. The majority of deals are carried out in less than 0.2 seconds.

The accounts offered by FIBO Group are designed exclusively for business customers. In order to qualify as a professional client, one must first satisfy the following qualifying requirements:

Traders are required to have either a net worth of 2.5 million Euros or a gross income of at least 250,000 Euros for the two most recent years of their financial history.
Complete a quick test of your knowledge to show off what you've learned by doing it online.
Traded at least 20 times every quarter (for any 4 quarters in the last 3 years)
Carried out transactions with a notional value of at least 500,000 USD in each of the four quarters

Traders should be aware of the risks associated with trading with such high leverage because, when combined with low minimum deposits, it will be difficult to hold a substantial trading position without getting stopped out, losing the money in their trading account, and possibly going into a negative balance. Traders should be aware of the risks associated with trading with such high leverage. In general, this action on the side of the broker might be characterized as irresponsible.

MT4 NDD: The minimum deposit for an MT4 NDD account is 50 USD. The highest leverage for an MT4 NDD account is 1:400, and the average spread on the EUR/USD is 0.3 pips. In addition, a fee of three US dollars per lot and each side is charged on this account (6 USD round turn). In general, the charges associated with trading with this broker are comparable to the typical fees levied by other brokers.

This account has all of the same attributes as the MT4 NDD Account; however, the trading cost is included in the spread, and there is no commission fee associated with this account. As a consequence of this, the average spread on the EUR/USD currency pair is larger, coming in at 0.8 pips, which is somewhat lower than the trading expenses offered by other brokers offering services that are comparable.

Traders are subject to a commission on deposits as well as withdrawals, despite the fact that FIBOGroup provides a diverse selection of payment options.

FIBO Group, which is a highly regulated broker, makes certain that all anti-money-laundering rules and regulations are adhered to at all times.

The FIBO Group accepts deposits and withdrawals in Euros (EUR), United States Dollars (USD), British Pounds (GBP), Swiss Francs (CHF), and a variety of cryptocurrencies through a large number of different payment options. Although it is stated on the FIBO Group website that there are no fees associated with deposits or withdrawals, the majority of the available deposit and withdrawal options do charge a commission or fee.





Bank Wire: Deposits are not charged and can be carried out in either Euros or US Dollars. The processing of deposits might take anywhere from two to five days. Withdrawals come with a fee that ranges from 35 to 50 US dollars, and the process can take anywhere from 5 to 8 business days to finish.
Connectum and RegularPay are the payment processing systems that FIBO Group utilizes to manage Visa and Mastercard credit card payments. Both options allow for free and quick deposits, which may be done in either Euros or US Dollars. Withdrawals from Connectum can be conducted in Euros or US Dollars, cost a fee of 2.5 percent plus 1.5 euros, and take anywhere from three to five business days to complete. Withdrawals with RegularPay may be conducted in either US Dollars or Euros, include a commission fee of ten US dollars, and take anywhere from five to ten business days to complete.
Neteller: Deposits made with Neteller are processed immediately and can be done so in either US Dollars or Euros. A fee equal to 4.9 percent of the deposit amount is assessed. Withdrawals can be processed in either US Dollars or Euros, and each one may take up to two business days and incur a fee of 2% of the amount withdrawn.
Skrill: Deposits made through Skrill can be carried out in US Dollars, and users will be subject to a fee rate of 3.9 percent. Withdrawals are handled in US Dollars, are subject to a one percent commission fee, and may take up to two business days to complete.
With WebMoney, deposits may be made in either Euros or US Dollars, and they are both free and quick after the invoice has been paid. Withdrawals may be done in either Euros or US Dollars, and there is a commission fee of 0.8 percent and a maximum processing time of two days for each transaction.
With Fasapay, deposits may be made in either US Dollars or Indonesian Rupiah, and a commission of 0.5 percent is deducted from each deposit (with a cap of 5 US Dollars). Transfers are instantaneous during business hours. There are no exceptions to this rule.
paysafecard enables users to make deposits in US Dollars, which are both free and quick after the associated invoice has been paid. There are no exceptions to this rule.
Deposits via PerfectMoney must be made in US Dollars, and an outrageous commission fee of 9.99 percent is deducted from each deposit. When withdrawing funds using Perfect Money, traders are subject to a fee of 0.5 percent, and their withdrawal requests are handled within two business days.
Additionally, FIBO Group will take payments in a variety of cryptocurrencies such as Bitcoin Cash (BCH), Ethereum, Ripple, and RFC. Raido Finance, bitpay, BLOCKCHAIN, and Raido Spare are the types of payment providers that are accepted. The majority of the time, deposits do not incur any fees and are processed immediately, however withdrawals incur a commission of 0.5 percent and can take up to two days.

FIBOGroup's processing times are, on average, longer than the average processing times for the industry, and the company charges significant fees for deposits and withdrawals on the majority of payment methods.

In comparison to other brokers offering the same services, FIBO Group has a more limited selection of base currencies available.

The Swiss franc (CHF), the euro (EUR), the pound sterling (GBP), and the US dollar are the four base currencies that FIBO Group customers can select from.

For British traders, who most likely already have bank accounts denominated in GBP and who will thus be able to avoid paying currency conversion fees on deposits and withdrawals, having accounts that are denominated in GBP is an advantage that may be taken advantage of.

It is recommended that investors who trade in significant quantities (more than 10 lots per month) register an account with a digital currency bank that is denominated in US dollars. This is particularly true for trading on assets such as the EUR/USD currency pair. This is due to the fact that when trading a USD quoted currency pair with another currency account, a tiny currency conversion charge will be applied to each and every trade that is executed.

Compared to the majority of other significant international brokers, FIBO Group has a smaller selection of trading account currencies, however it does provide accounts that are denominated in GBP.

When compared to other brokers offering similar services, FIBOGroup's platform support is much worse.

The FIBO Group is unique in that it solely provides the MetaTrader 4 (MT4) trading platform, which can be downloaded for free on Windows, Android, and iOS devices.

MT4 is highly recognized for its trade execution speeds, charting capabilities, and the capacity to be customized, and it is accessible in a broad variety of languages. When using a third-party platform like MT4, for example, traders have the benefit of being able to continue using the platform even if they decide to switch to a different broker. Traders also have the opportunity to speculate on various contracts for difference (CFDs), such as foreign exchange (Forex), commodities, cryptocurrencies, indices, and cryptocurrencies. Additional capabilities of MT4 include the following:

There are four distinct methods of order execution, which are referred to as Market, Limit, Stop, and Trailing Stop orders respectively.
Tools for superior charting in nine different periods
30 technical indications
23 items for analytical study
Automated trading, often known as algorithmic trading, is a method of trading that enables any trading strategy to be formalized and carried out in the form of an Expert Advisor.
Backtesting capabilities available
Support for the consumer that is exclusive.
Mobile Trading Platforms Provided by FIBOGroup
When compared to those of other brokers in the same industry, the mobile trading platforms offered by FIBOGroup are around par.

The FIBOGroup trading platform is accessible on mobile devices and tablets running the Android operating system as well as those running the iOS operating system. Traders can select from a number of different languages while using the web-based trading platform. Traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders, despite the fact that there is slightly less functionality available on the mobile version of the platform when compared to the desktop version. This is because there are fewer charting options and shorter timeframes available.

Traders are able to operate from anywhere using the MT4 and MT5 applications, which are equipped with nine different timeframes, 30 different indicators, and interactive currency charts. Traders who are on the go may benefit further from functionality that allows them to close and alter existing orders, compute profit and loss in real time, and engage in tick chart trading.

Disappointingly, FIBO Group provides almost no trading tools to its clients, with the exception of the possibility of opening PAMM accounts and a variety of automated trading solutions.

There are no fundamental or technical analysis tools provided by FIBO Group, in contrast to those provided by other brokers. PAMM accounts and automated trading solutions are both available through this company.

The FIBO Group provides its customers with a service known as account management, through which account managers can trade on the customers' behalf. This service cannot be carried out without the utilization of bespoke technology or software, which is also referred to as MAM/PAMM.

Investors have the opportunity to participate in a group of sub-accounts that are managed collectively by a money manager or trader who has been granted authorization by clients to trade on behalf of those customers. PAMM is an abbreviation that stands for "Percentage Allocation Module Manager." Account Managers are entitled to a cut of the profits made by the trades in their accounts.

Managed accounts are quite beneficial for novice traders who have only a little bit of expertise in the market.

The FIBO Group provides its customers with access to a curated selection of trading signals supplied by the administrators of the MetaTrader terminal. In addition to this, it offers critiques of the strategies utilized by the signals, which are related to the accounts that are included in the rating. In addition, helpful advice concerning the terminal settings required to connect to the particular signal of interest are made accessible for each signal that is released. Traders have the option of following one of the many signal providers that are graded based on a variety of parameters, including their overall performance, stability, maturity, exposure, and the needed minimum equity.

In addition to paying a monthly membership fee in order to make use of the service, traders are required to pay an additional charge in order to follow a particular signal source.

When compared to other brokers, the selection of CFD trading instruments offered by FIBO Group is quite restricted; nevertheless, the company does provide a comprehensive selection of shares.

Forex: FIBO Group offers trading in 48 different currency pairs, which is a range that is comparable to that of the majority of other brokers. There are three main currency pairs, three minor currency pairs, and three exotic currency pairs. These include the EUR/USD, GBP/USD, and USD/JPY pairs.
When compared to the majority of other brokers, the range of shares that FIBO Group makes available for trading—8000 in total—is exceptional.

Indices: When compared to the majority of other brokers, FIBO Group's offering of only eight indices for trading is considered to be somewhat restricted. The most widely used indexes are those that include the stock prices of a variety of the world's most successful and well-known corporations.

Trading on three different metals are available through FIBO Group. These metals include silver, gold, and copper.

Comparatively speaking to other brokers, FIBO Group's offering of trading on 11 different commodities is about par for the course. These are things like metals (which were just discussed), energy, and things that are soft like wheat and cotton.

At the time of this writing, there are nine different cryptocurrency pairings available. These include Bitcoin and Ethereum, amongst other cryptocurrencies, which is about the same number that other brokers provide. If you trade on these assets, you need to keep a close eye on your margins because the spreads might change dramatically compared to other traditional fiat currencies. Traders should be aware of this fact.

It is possible that more experienced traders will be unsatisfied with the FIBO Group's CFD offering because it is restricted in comparison to other brokers.

The FIBO Group is not the most beginner-friendly environment in terms of training and analysis; unfortunately, this is the case. The majority of the educational content is uploaded to the FIBO Group's YouTube channel, and there is very little regular market analysis. Telephone and live chat help for customers is offered around the clock, every day of the week.

The education area of FIBO Group's website is comprised of just a single page that provides a rundown of the fundamentals of forex trading. The connections out to FIBO Group's YouTube channel, where traders may discover a variety of informative videos organized into a course style, are the most beneficial sections of this page.

At FIBO Group, part of what constitutes market research is a weekly video prediction that looks ahead to the week that is to come. Additionally, it provides a variety of papers that were authored by its in-house team of analysts; however, these articles are not updated very frequently. Supplementing this information with the findings of additional third-party market research might be helpful for beginners who need a more in-depth market study.

In comparison to the services offered by other brokers in a similar market, FIBOGroup's customer support is subpar.

Customer assistance is provided 24 hours a day, seven days a week, in a total of 12 different languages via email, the telephone, and a call-back service. The vast majority of alternative brokers make it possible for traders to get prompt and simple responses to any inquiries they might have through the use of a live chat function.

We made use of the call-back service, but up to this point, we have not been contacted by anyone. In general, this is disheartening news for newbie traders who are just getting their feet under them in the arena of forex trading.


Forex trading is fraught with peril, and every broker is obligated to inform its clients of the dangers inherent in the trading of forex-related contracts for difference (CFDs). The FIBO Group would want you to be aware that CFDs are complicated financial products that come with a significant potential for incurring losses in a short period of time owing to the use of leverage. When it comes to trading CFDs with this broker, 58 percent of investor accounts end up losing money. You need to ask yourself if you have an understanding of how contracts for difference (CFDs) operate and if you have the financial means to face the significant risk of losing your money.

The FIBO Group is a No Dealing Desk (NDD) broker that has a long history of providing good trading conditions to their customers across a wide variety of account types. The MT4 platform is supported in its entirety, and the minimum deposit is rather modest. Forex education and analysis provided by FIBO Group are not nearly as in-depth as those provided by many of its rivals, and the customer assistance provided is mainly unresponsive. Although the costs for deposits and withdrawals are greater than those charged by many brokers, there are still ways to obtain rapid and cost-free funding.

Established in 1998, while online trading was still in its infancy, FIBO Group (formerly known as Financial Intermarket Brokerage Online) is one of the oldest online brokers in the business. FIBO Group was first known as Financial Intermarket Brokerage Online. The broker has been recognized on a number of occasions throughout the years, most notably at the Moscow Financial Expo in 2016, when they were given the honors for "Best Standard FOREX Broker" and "Best FOREX broker in Europe."

The broker maintains six offices all around the world, some of them are located in major locations such as Shanghai and Munich. It is governed by the Financial Services Commission of the British Virgin Islands, which is also the location of its worldwide headquarters, which is registered in that jurisdiction. However, the broker is also regulated locally in Europe under CySEC with the website Fibogroup.eu, which operates with significantly more stringent trading conditions such as a leverage cap of just 1:30. This regulation allows the broker to operate with significantly more stringent trading conditions.

However, the maximum leverage available internationally for the most liquid products is 1:1000, whereas the maximum leverage available for cryptocurrency CFDs is just 1:10.

Trading in up to 42 of the most popular currency pairs is available through FIBO Group, which also provides CFDs on a wide variety of other financial assets. These CFDs can be placed on commodities, stock indexes, individual stocks, cryptocurrencies, and precious metals. As a broker, FIBO Group truly shines when it comes to the range of CFDs they provide to trade on since they provide traders with a wide variety of CFDs to choose from. When compared to the offerings that many other brokers in the business now have available, this is a really strong offering.

No longer relevant: It is important to note that the majority of stock CFDs may only be traded on the new trading platform offered by the broker, which is known as Umstel. This is a cutting-edge web-based platform that functions in a manner that is analogous to that of the widely used charting platform TradingView. Even novice traders should have no trouble using it. The platform comes with a multi-chart layout that enables users to examine up to six charts concurrently in a single window, as well as a fantastic user interface, strong technical analysis capabilities, and comes standard with a multi-chart layout.

As of right now, FIBO Group's offerings for trading platforms include the MetaTrader 4 and 5 versions, in addition to the widely used cTrader. Although the majority of retail traders should be aware with the MetaTrader platforms, cTrader is not as well recognized in the business. Trading through an electronic communications network (ECN) was the primary focus during the development of cTrader, which was created by a business based in the United Kingdom. Some investors believe that the cTrader platform is superior than the MetaTrader platform because it offers a superior and more user-friendly user interface.

Customers of FIBO Group have access to a total of five distinct trading account options, which include the following:
– MT4 Cent Account for tiny trading accounts – MT4 Set Account with fixed spreads, guaranteed stop-loss, and negative balance protection – MT4 NDD ("no dealing desk") Account for traders who choose to trade without the assistance of a dealer No Commission Account with commission-free trading, perfect for trading for a shorter period of time – MT4 NDD Account with fees and narrow spreads
– The cTrader NDD Account, which is perfect for trading in the short term on the cTrader platform

Deposits may be made to FIBO Group accounts using all of the most popular methods, including bank transfers, payment cards, and a variety of online payment systems, such as Skrill and Neteller. Additionally, for an even higher level of convenience, it is possible to make financial deposits using the cryptocurrencies Bitcoin and Bitcoin Cash (through the Bitpay payment system).

Last but not least, the website of the broker includes a substantial analysis section that covers all aspects of the market. This section provides traders with detailed analysis and trading ideas for a variety of markets, including cryptocurrencies, commodities, and other digital assets, to assist them in remaining current on everything that is influencing the markets.

One of the most established online brokerage companies in the world is called FIBO Group.

Finding a trustworthy FIBO Group review, either locally or globally, may be a challenging procedure, especially when it comes to locating a comprehensive list from a reliable and trustworthy source.

The following is a comprehensive evaluation of FIBO Group that will assist you in making an educated decision regarding whether or not to establish an account with them or trade on their platform.

Companies that deal in foreign exchange, such as FIBO Group, provide private and institutional clients with an electronic trading platform that enables them to trade in a broad variety of market instruments. These market products include forex, commodities, financials, and shares.

The trader's instructions are carried out by the broker on the broker's behalf.

This firm, which has won several awards, specializes in the online trading of foreign exchange (FX), spot metals, cryptocurrencies, and contracts for difference (CFDs). It provides investors from all around the world with an ideal trading environment that includes well-known trading platforms, cutting-edge tools, and cost-effective options.

The headquarters of the corporation may be found in Vienna, which is located in Austria. Additionally, it operates branches in the cities of Kiev, Singapore, Limassol, Munich, and Astana.

Financial Intermarket Brokerage On-Line was first established as a corporation offering investment advisory services in the year 1998. The year 2003 marked the beginning of the company's provision of an online brokerage service for trading CFDs and currencies.

In 2005, FIBO Group established itself as a leading foreign exchange broker in the Russian market. It saw rapid expansion over the subsequent couple of years, and very rapidly became one of the most important participants on the Russian financial market.

With more than 35,000 retail customers as of 2011, the firm has risen to the position of the fourth biggest forex broker in Russia. The firm began providing cryptocurrencies in 2017, and by the following year it was recognized as one of the top 20 FX brokers in the entire world.

The FIBO Group now has a footprint around the globe, with offices in Europe, Central Asia, and East Asia. Due to the legal constraints in such countries, the company is unable to provide its services to citizens of Australia, North Korea, the United States of America, Great Britain, Belgium, or Iraq.

Over the course of its history, FIBO Group has been honored with a significant number of accolades. These honor the company's commitment to providing exceptional client service, as well as its transparency, lightning-fast order execution, and superior trading technology.

Some examples of this are as follows:

The Best Round-the-Clock Customer Service at the Forex Expo 2013
11th MENA Forex Expo Dubai received an award for being the best forex execution house in 2013. Forex Expo 2014 received an award for being the best ECN Broker.
The International Investment and Finance Exhibition of China is widely regarded as the most reliable forex broker in 2014.
2014 The Most Open and Honest Foreign Exchange Broker at the China International Online Trading Expo
Winner of the Award for Best PAMM Service Broker at the 13th China Guangzhou International Investment and Finance Expo
The Best Forex Broker in Russia and the CIS, Awarded at the 2015 Forex Expo Awards
The Best Standard Forex Broker at the Forex Expo Awards in 2015
The Best Analytical Support Service Award at the 2015 Forex Expo Awards
The best PAMM service broker was awarded at the Moscow Financial Expo in 2016.
The best foreign exchange (Forex) broker in Europe was awarded at the 2016 Moscow Financial Expo.
The best standard foreign exchange broker at the Moscow Financial Expo in 2016

In the same way that other foreign exchange organizations do, FIBO Group provides its customers with a variety of foreign exchange accounts that may be utilized to trade the many market instruments that are available.

Traders have the ability to create an account, deposit funds in the currency that is most prevalent in their nation, and then hold, purchase, or sell foreign currencies.

Customers who trade with FIBO Group are given a selection of account kinds from which to pick. Each type of account has its own set of benefits and features that are tailored to meet the requirements of different trading styles and levels of expertise.

The MT4 Cent account is an excellent solution for those who are just beginning their trading careers or who have limited resources.

The following are some of the features and benefits:

The United States Dollar Cent and the British Pound's Cent
Platform: MetaTrader 4
A cash deposit of zero cents
lack of exposure to dangers
Quick removal of monetary holdings
Ideal for novice traders and for putting trading robots through their paces

Traders whose trading habits involve long-term trading or trading manually will find that the MT4 Fixed account meets all of their needs. Testing trading strategies, which may then be used to automatic trading, and doing chart analysis are both excellent uses for this account type.

The terms and conditions associated with Islamic Accounts, which are also known as swap-free accounts, are identical to those associated with normal Accounts. This feature is exclusive to MT4 Fixed accounts and is not available for other types of accounts.

The following are some of the features and benefits:

The following currencies are supported: USD, EUR, RUR, CHF, and GBP
Platform: MetaTrader 4
Minimum deposit: 50 USD
Spread that remains constant
Four-digit quotes
Stop-loss orders with a guaranteed profit margin
Your account has always shown a positive balance.
4 decimal quotes
Instant Execution – execution at your price

The MT4 NDD account provides clients with access to NDD technology, which enables direct connectivity to the industry's most important liquidity providers. This particular account provides the greatest order execution and has the tightest spreads available.

The following are some of the features and benefits:

EUR, USD, and GLD are the currencies in use.
Platform: MetaTrader 4
Minimum deposit: 50 USD
Access to liquid assets from the most prominent institutions throughout the world
Competitively low floating spreads
No commissions
Ultra-fast market execution, no re-quotes
It is possible that orders will be filled at prices that are lower than those indicated.
The top option for making transactions based on news
Ideal for use with scalpel robots

This account is perfect for scalping and other forms of automatic trading because it was developed for use with the MetaTrader 5 trading platform.

The following are some of the features and benefits:

Currencies: USD
Platform: MetaTrader 5
Minimum deposit: 1 000 USD
Competitively low floating spreads
Sucden Financial Market Execution provides extensive liquidity, and there are no re-quotes.
Enhanced testing of automated trading systems
Trading can be done automatically.

Those that trade using the cTrader trading platform will find that the cTrader NDD account meets all of their needs. It enables direct access to the world's biggest liquidity providers and provides excellent techniques to its users.

The following are some of the features and benefits:

The United States Dollar and the Euro
cTrader is the platform.
Minimum deposit: 50 USD
No Dealing Desk
Competitively low floating spreads
Rich liquidity provided by prominent banks located all over the world
Trading platform with extensive features for analytical research
Market Execution, no re-quotes
Mobile application and user interface on the web

Demo trading accounts give investors the opportunity to hone their trading skills in a setting that replicates real-world market conditions but does not expose them to financial loss.

The following are some of the features and benefits:

Provision of access to extensive study and analysis
MetaTrader 4 mobile applications allow traders to test trading strategies while on the go.
Become familiar with trading against actual price fluctuations in real time.
Access to weekly / daily updates
Up-to-date economic calendar
Risk-free trading
Build confidence

Forex brokers generate revenue by levying commission fees or spreads on the trades that their clients execute. Commissions are the fees that the trader pays to the broker for the broker's assistance in processing the transaction. The amount of the commission is mostly contingent on the instrument and the kind of account.

Spreads are the difference between the bid price of a transaction (what the trader receives for selling) and the ask price of the deal (what the trader pay for buying). Spreads may either be variable or fixed, based on factors such as the prevailing interest rate in the market.

In some circumstances, brokers will assess rollover costs, which are also sometimes referred to as swap fees, for positions that are left open overnight. These costs are calculated based on the interest rate spread that exists between the currency pairs that are being traded in an open position.

The MT4 Cent and MT4 Fixed accounts that are offered by FIBO Group do not incur any commission fees.

Commissions range from 0.003 percent to 0.005 percent of the amount that is transacted on the MT4 NDD, cTrader NDD, and MT5 NDD accounts, respectively. The minimum spreads might run anywhere from 0 pip to 2 pip, depending on the type of account that a trader has.

The ratio of a trader's capital to the amount of the broker's credit is known as the trader's leverage and is provided by the broker to the trader so that the trader might possibly raise their money. To put it another way, if a trader has 500 Euros in their account, they have the potential to manage a total of 50,000 Euros if they use a leverage of 1:100.

Traders should be aware that the potential rewards that come with using leverage also come with increased risk. Leverage is a wonderful possibility to grow money.

FIBO Group adheres to the legal constraints imposed by the European Securities and Markets Authority (ESMA), and as a result, it is able to provide leverage ratios of up to 1:30 for major currency pairs and 1:10 for commodities.

On its MT4 Cents account, the company provides leverage ratios of 1:1000, while on its NDD accounts, the company provides leverage ratios of 1:400.

Some brokers provide customers incentives as a means of saying thank you for trading with them or as a way of welcome them to their brokerage firm. Cashback schemes, "Refer a Friend" programs, and gift voucher programs are the most common ways by which these benefits are distributed.

At this time, FIBO Group does not provide bonus opportunities.

The live access to various trading markets throughout the world, most commonly forex, CFD, and futures trading, can be facilitated via a trading platform. These enable traders to make educated judgments, safeguard customer cash, provide historical data and projections, patterns as well as trends, and so on.

Traders have the opportunity to select one of three platforms that are highly regarded and dependable thanks to FIBO Group. Direct trading with international banking institutions is made possible thanks to the No Dealing Desk (NDD) feature of the cTrader trading platform. Traders have access to this feature.

Trading on the MetaTrader 4 and MetaTrader 5 platforms, which are the most popular trading platforms in the world, is certain to go off without a hitch because to the numerous advantages provided by these platforms.

Fibo Group is a very trustworthy trader, and the company takes great satisfaction in the fact that it was among the first to include internet trading as one of its service offerings. The firm began operations in 1998, and in the twenty years since then, it has established itself as one of the most important players in the foreign exchange market.

The Fibo Group provides its customers with a selection of trading accounts to accommodate the various trading tactics they may employ. Each of these accounts possesses a distinct set of one-of-a-kind features that are tailored specifically to the requirements of a certain customer. The mt4 cent account, the mt4 fixed account, the mt4 NDD account, the mt4 NDD no commission account, the mt5 NDD account, and the ctrader NDD account are the names of these accounts. The accounts, along with some of their characteristics, are listed below.

Clients who wish to trade with a little amount of money can use this account, which is designed just for them. It is also appropriate for customers who are new to the business and are still getting their feet wet. These are its characteristics:

Minimum difference starting at 0.6.
This sort of account does not incur any commission fees at any time.
The pennies from the United States are utilized as the foundation currency.
A maximum leverage of one thousand.
Does not have a minimum deposit amount.
The Fixed Account for the Mt4


This sort of account is appropriate for manual trading and orders that need to be executed quickly. These are its characteristics:

Minimum deposit of $300.
The lowest possible spread starts at 2 pip levels.
On this account, there is no commission that is charged.
The leverage is set at 3200.
The United States dollar, the pound sterling, and the euro are among the basic currencies that are recognized and acknowledged.
The NDD Account for the MT4


The following is a list of the features that come with this sort of account:

Minimum deposit of $300.
The smallest lot available is 0.01.
Minimum spread, starting from 0 pip minimum.
A commission fee equal to 0.003 percent of the transaction value is deducted from each sale.
The leverage equals 400.
As its foundational currencies, it employs the United States dollar, the euro, and the pound sterling of Great Britain.
The Non-Deposit Bonus Account on Ctrader
Because it operates on the Ctrader platform, this particular sort of account stands apart from the others. The following are some of its features:

The minimum deposit is one hundred dollars.
Spreads beginning at 0 pips.
Commissions are deducted at a rate of 0.003 percent of the total amount being transacted.
Use the euro and the United States dollar as its primary currency of trade.

In 1998, the Fibo Group of Companies was established in Austria, which is also the location of the company's current headquarters. Since the company's founding, it has been successful in spreading to other nations and making its services available there. It has its offices in nations that are considered to be among the finest and have strong financial backing. It has offices in Munich, Vienna, Almaty, Limassol, and Shanghai, all of which are thriving commercial areas and offer the company with the much-needed leverage to carry out its operations.

To ensure that the Fibo Group provides its customers with the very best possible products and services, the company has spared no effort in recruiting the most qualified employees. This devoted staff will guarantee that the needs of the customers are satisfied as well as the numerous questions that are asked by the customers being answered. If you take a look at the feedback and reviews that customers have left for the Fibo Group, you will see that the happy customers have nothing but kind words to say about the company's employees.

The licenses obtained by Fibo Group from the several jurisdictions in which they conduct business are evidence of the company's high level of credibility and legitimacy as a business enterprise. They are free to conduct business inside the established jurisdictions so long as they hold the appropriate permits issued by legitimate regulatory agencies. The following licenses were among those that were purchased:

A current license issued by the Financial Services Commission (FSC), the agency in the British Virgin Islands that is responsible for regulating the industry's operations.
The Cyprus Securities and Exchange Commission has given the company the go-ahead to conduct business in Cyprus (CySEC).
The Fibo Group strictly adheres to the norms that have been established by the various regulatory agencies. One of the regulations pertaining to the cash belonging to customers is one that it follows. The following safeguards have been implemented by Fibo Group in order to protect the financial resources of its customers.
separating the client's money into many bank accounts held at reputable financial institutions. This is done to ensure that the cash belonging to the customers do not become entangled with the general running finances of the organization.
Putting one's name down for a compensation plan that will, in the event that the company's assets are sold off, result in the return of money paid by customers to those customers.

Your initial base capital in the execution of trades will be determined by the amount of your initial deposit, which is required to be at least the higher of $300 or more.

You will be subject to a commission fee of 0.003 percent of the transaction value for using certain account types, such as the Ctrader and the mt4 NDD.

The trading experience may be improved using Fibo Group's trading platforms, which are among the most modern in the industry. This is made possible by the numerous features that are included with these various platforms. It offers several trading platforms, including the Meta trader4, the Meta trader5, and the Ctrader platform, among others.

This trading platform comes equipped with a wide variety of one-of-a-kind capabilities, some of which are listed below:

Pleasant and intuitive user interface.
Charting and analysis tools of a more advanced level.
Consists of thirty different technical indicators.
Minimum traffic usage.
Provides support for all possible modes of operation.
The Platform Known as Meta Trader5
The following are some of the characteristics of the Meta trader5 platform that contribute to its profitable nature:


Possesses a straightforward navigational structure.
Supports all execution modes.
Equipped with sophisticated charting and data analysis tools
Enables automatic trading as well as duplicate trading.
Possesses the ability to obtain news on the foreign exchange market from reputable sources such as Reuters.
Compatible with a wide variety of platforms and operating systems, including iOS, Windows, Android, and macOS.
The Platform Provided by Ctrader
The ctrader platform is a platform that offers trading access through the use of technology that does not include a dealing desk. These are some of its features:

You have access to excellent tools for conducting technical analysis.
Displays the current trading volume in the market.
Execution times that are really quick.

The following is a list of all of the current promos that can be found on the Fibo Group website.

A promotion offered by no desk dealing that lowers the minimum deposit required to create an NDD account to $50.

Transactions may be completed using a variety of methods, including credit cards, bank transfers, and automated payments made via the bitpay pay system, which are all accepted by the firm. Deposits are not subject to any commission fees, however withdrawals can incur fees of up to fifty dollars each. The lowest amount that may be withdrawn is $80.

The Fibo Group possesses all of the necessary components to be a market leader in the foreign exchange market. Its nearly two decades of experience in the industry have equipped it with the knowledge and expertise required to dominate the foreign exchange market. This is a really reputable trader that comes highly recommended from me to everybody, but especially those who are interested in trading on a professional level.

Cyprus is the location of FIBO Group, which operates as a forex and CFD brokerage. Trading is available on MT4, MT5, and cTrader, and the broker provides many real account, PAMM account, and demo account choices. In this evaluation, we will focus on regulation, leverage, and price in order to assist you in determining whether or not FIBO Group is a viable option for you.

In 1998, Financial Intermarket Brokerage Group, also known as FIBO Group Ltd., was established. The European Union is overseen by the Cyprus Securities and Exchange Commission, which issues licenses and regulates the organization (CySEC). The Financial Services Commission (FSC) in the British Virgin Islands has also granted the worldwide site authorization to operate there (BVI).

Any trader, regardless of their degree of expertise, should strongly consider using the MT4 trading platform. The program features a sophisticated interface that can be completely personalized and is compatible with a variety of trading strategies.

Traders are able to do market analysis on 9 distinct time periods by making use of the 30 pre-installed indicators and the variety of graphical items that are available. Market Watch provides real-time quotations in addition to other features, such as a trade history feed. In addition, customers have the option of utilizing expert advisers, sometimes known as robots, for automated trading techniques.

The MT4 platform is offered as a web-based version for users of MacOS and Linux, in addition to a downloadable version for Windows-based personal computers.

MT5 is the successor to the MT4 real server and comes with a number of new features, the most notable of which are an economic calendar and a Depth of Market liquidity indicator. Additionally, there is a more extensive selection of technical indicators and drawing tools, in addition to 21 time intervals, sophisticated order kinds, and execution variations.

MT5 may also be accessed through a desktop program or through the online trader; however, it is important to keep in mind that MT5 is only available to customers who are registered on the worldwide site.

Downloadable and web-based versions of the cTrader platform are both accessible to experienced traders as well as those who are just starting out in the trading industry.

One-click trading, a market sentiment indicator, economic news, a Depth of Market view, and trading robots utilizing the cAlgo integrated tool are some of the features that are provided by the platform. In addition, there are over 50 different indicators and 26 different chart time frames available for selection, in addition to the flexibility to duplicate trades.

On its EU website, FIBO Group provides trading in spot metals and 38 different currency pairings. Clients from across the world may trade a larger variety of foreign exchange, in addition to more than 20 contracts for difference (CFDs) on important indexes and commodities, such as crude oil and the FTSE100. There are nine CFDs available on cryptocurrency, in addition to a variety of share options.

Spreads, both fixed and floating, start at 0.3 pips for EUR/USD and 1 point for key indices like NASDAQ that are offered by FIBO Group. The spread on gold is around 0.5 USD, and the spread on crude oil is 8 cents.

Commissions are another possibility, however it depends on the sort of account you have. These begin at a rate of 0.003 percent based on the total value of the transaction. A dormant account fee of $5 will be assessed to your credit card when the account has been inactive for more than 91 days. In addition, overnight holdings are subject to exchange fees.

For worldwide customers, the highest leverage that is available in the MT4 Cent account is 1:1000, whereas the maximum leverage that is available in the majority of other account types is 1:400. There is a maximum leverage of 1:50 for basic traders and a maximum leverage of 1:400 for professionals available to EU customers.

The CEO of the brokerage company has seen to it that comprehensive leverage requirements are described in detail on the company website.

All clients have access to mobile app versions of the MT4 platform provided by FIBO Group, while clients that trade through the worldwide site have access to the MT5 and cTrader platforms.

Users of the mobile version of MetaTrader have the advantage of having rapid access to online quotations, as well as all available trade orders and the ability to trade immediately from the chart. In addition, you are able to conduct analysis of the financial markets by utilizing the interactive charts that allow you to pinch and zoom, and for your convenience, you can even handle transactions while offline.

Advanced mobile trading tools are available through the cTrader mobile app. These features include QuickTrade mode, rapid linkages to news sources, price alerts and notifications, and over 50 indicators over 26 time frames.

The FIBO Group allows customers to fund their accounts using a number of channels, including bank wires, credit cards, and other online payment systems like Skrill and Neteller. Take into account that these will differ from one jurisdiction to another.

There is a possibility of deposit commissions; for example, the fee for a bank transfer can range anywhere from $35 to $50; however, the commission for the majority of other deposit methods is waived. The fee rate for withdrawals starts at 0.5 percent.

There is also a wide range of processing periods, which can be as little as a few minutes for some electronic payment systems or as much as a few days for bank transfers and some credit card payment systems.

Traders may test their mettle and get familiar with FIBO Group's trading platforms by using the MT4 demo server. Demo accounts are typically offered for a limited amount of time and do not require you to make a real-money deposit or trade in order to use them.

Traders may visit the website or sign up for the newsletter to obtain information on bonus deals. Although there are no promotions accessible on the worldwide site at the moment, traders can still monitor the website. Because of the constraints imposed by regulations, the European Union website does not provide any promotions.

Under the license number 118/10, the Cyprus Securities and Exchange Commission (CySEC) has granted FIBO Group Holdings Ltd. the authority to conduct business in the country and oversees its operations. The Investor Compensation Fund, of which FIBO Group is a member, provides coverage of up to €20,000 per individual customer.

In addition to this, FIBO Group Ltd. is subject to regulation by the Financial Services Commission (FSC) of the British Virgin Islands, which issues the company's license (with the number SIBA/L/13/1063).

The FIBO Group provides users with a number of other tools, such as analyses and projections of the market, in addition to an economic calendar. For beginners, there is some educational information included, such as YouTube videos explaining the fundamentals of forex. When compared to other brokers, this one does not provide the most extensive selection of features; hence, traders on the EU site in particular may need to go elsewhere.

Clients located in the EU have the option of opening either an MT4 NDD or an MT4 NDD No Commission account. Aside from the changes in commissions, the primary distinction between the two accounts is that the spreads in the commission-based account are significantly narrower. Please be aware that the minimum deposits for the commission-based account are $300, and the minimum deposits for the no-commission account are €100.

The MT4 Cent and MT4 Fixed accounts are two more options that are available to global customers along with the MT5 and cTrader NDD trading accounts. All accounts have a minimum deposit requirement of $50, with the exception of the MT4 Cent account, which does not have a minimum deposit requirement, and the MT5 NDD account, which needs a deposit of $1,000. In addition, certain accounts provide further advantages, such as PAMM options, for investors.

The FIBO Group receives high marks in a number of categories, including the following:

Platforms like MetaTrader and cTrader are available.
Dual governmental oversight of the industry
Simple registration and successful revenue collection
free of charge trade commissions
Very narrow ECN spreads
Drawbacks

Trading with this broker may have various potential downsides, including the following:

There are insufficient educational resources.
Fewer tools and platforms available for European Union customers
Business & Finance:
Monday through Friday, the trading hours for FX and cryptocurrencies run from 00:05 to 23:55 (Eastern Time). The trading session for spot metals takes place from 00:05 to 23:55 (EET), Monday through Friday. You may find a comprehensive list of trading sessions for various particular instruments either inside the contract specifications or on the trading platforms themselves.

You may get in contact with the Limassol headquarters by calling them, sending them an email, or engaging in live chat with them. You might also try contacting one of the worldwide representative offices that is located in Kazakhstan, Germany, or China as an alternative.

Cyprus email - service@fibogroup.eu
Telephone number for Cyprus: +357 25 030 930
FIBO Group Holdings Limited may be found in Cyprus at the following address: 29 Agias Zonis, 1st Floor, 3027 Limassol, Cyprus.

When a user logs in to one of FIBO Group's trading platforms, they are greeted with authentication procedures that need a combination of a password and a second authentication factor. A one-time verification password is sent to the member's mobile phone and is required for certain requests made through the member's area.

FIBO Group offers FX and CFD trading services that are of a satisfactory quality. These services include the MT4 and MT5 platforms, as well as a variety of deposit methods and account kinds. Traders need to also have a sense of security working for this well-established organization, which is regulated in two different jurisdictions. One significant drawback, on the other hand, is that there are no instructional materials available, which may discourage traders who are searching for a more comprehensive product or service.

FIBO Group welcomes traders from most nations across the world, including Thailand, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, the United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, and Qatar.

Traders based in the United States, Canada, Australia, Korea, Iran, Iraq, Israel, Japan, or Belgium are unable to utilize the FIBO Group platform.

FIBO Group Licenses:

FIBO Group, Ltd. is approved by the Financial Services Commission of the British Virgin Islands, with registration number SIBA/L/14/1063.
FIBO Group Holdings, Ltd. is a company that is approved by CySEC (Cyprus), and its registration number is 118/10.

Holding Company for International Finance It all began in 1998 for FIBO Group, also known as the Financial Intermarket Brokerage Online Group, which makes it one of the most established companies in the field of online trading. The broker has always adhered to the principles of transparent actions, with the protection of the interests, rigorous compliance, and observance of laws, and this has been the case since the very first day of business.

FIBO Group Company was founded in the British Virgin Islands (BVI), and its headquarters are still located there. However, the broker has improved its offering by establishing an additional entity in Cyprus, which has received respected European regulatory authorization and provides investors with the opportunity to invest safely.

Additionally, the FIBO Group's global reach includes high-quality assistance that has been built through offices in Vienna, Limassol, Shanghai, Singapore, Munich, Kiev, and Astana.

In general, the FIBO Companies of the holding have, during the course of their operation, acquired a large number of awards for their outstanding customer service and Brokerage company successes. In addition, the holding has thousands of pleased customers all over the world who they serve.

Is it safe to invest in FIBO Group, or is it a scam? The Financial Services Commission of the British Virgin Islands is in charge of regulating FONTEN CORPORATION LIMITED, which is a registered financial services and activities firm. FONTEN CORPORATION LIMITED is a subsidiary of FIBO Group, Ltd. In point of fact, the British Virgin Islands (BVI) are considered an offshore jurisdiction that has relatively lax regulatory rules and standards for financial companies.

On the other hand, an additional entity known as FIBO Group Holdings, Ltd. is a company that was founded in the Republic of Cyprus and was granted permission by the Cyprus Securities and Exchange Commission (CySEC) to offer its services to citizens of the EU and other countries.

As a result, given the European law that runs in tandem with the offshore registration of FIBO Group, we are able to draw the conclusion that the broker is a secure option in which to make an investment.

The broker holds a FIBO Group license, and in addition to offering investment services and safe trading, they also provide professional indemnity insurance and are a member of the Investor Compensation Fund (ICF). Customers and business partners may rest easy knowing that the services they get from any of the companies that are part of the FIBO holding Group are held to the highest possible international standards and are subject to the oversight of national authorities.

The trading product range comprises offerings directed toward retail customers or money managers, in addition to PAMM services directed for investor programs. Forex trading through FIBO Group represents 60 currency pairs, including cryptocurrencies, with high leverage possibilities and low spreads through NDD Execution model, and CFD trading with no swaps 0% commissions through the reasonable fixed spread. Additionally, FIBO Group offers CFD trading with no swaps through the reasonable fixed spread.

When you trade with FIBO Group, you will be given the opportunity to employ leverage, which is when a loan is taken out from the broker in order to raise the size of your trading position. Leverage provides extensive capabilities as well as the chance of bigger earnings, provided that you utilize the instruments in an intelligent manner and do not engage in high-risk activities.

Aside from that, the leverage limits are also decided by the regulatory constraints. For example, if you trade with a European business of the FIBO Group, you will immediately fall under the regulation of the ESMA, which has lower leverage requirements.

Leverage up to a maximum of 1:30 was permitted for major currency pairings, and even 1:10 was permitted for commodities.
However, membership in the worldwide FIBO group grants access to the greatest conceivable leverage, which may go as high as 1:1000. This is an extremely risky level, so you should exercise extreme caution while using it.

You have the option of opening either an MT4 NDD Account or an MT4 NDD No Commission Account thanks to the fact that FIBO group has established two different account kinds. Although the first account has a competitive variable spread starting at 0 pips, you will be required to pay a fee on each transaction. However, this account type is excellent for many different trading strategies because of the commission structure.

And the second account is an NDD No Commission account that is created with a set spread starting at 0.8 pips and is fantastic for novice traders or those trading techniques that demand the precise computation of a spread regardless of the conditions of the market.

In addition, people who adhere to the Sharia law can open Islamic or Swap free accounts, which do not charge overnight fees and offer high leverage possibilities. These accounts are available to those who follow the Sharia law.

The FIBO Group spread differs between the two account types that are available, and traders have the choice to conduct their business with either a set spread and no commission, or with variable spreads and a commission that is 0.003 percent of the total value of the transaction. It is, in fact, a wonderful alternative since it enables you to select the greatest option in accordance with the trading technique that you employ and to determine what is most beneficial for you.

Additionally, as a cost of trading, you should constantly take into consideration an overnight charge or rollover. It is a fee that is assessed on positions that have been held for more than a day; for the EUR/USD pair, the rollover fee is around -1.38 for long positions and 0.68 for short positions. You can view an example of FIBO spreads below, and if you're interested in checking out another broker, BlackBull Markets is a good option.

The FIBO Group included versatile choices for making deposits or withdrawals as part of their service, which enables safe and dependable transactions of monetary value. The many modes of payment, including

Bank Wire Transfers, Card Payments, as well as Payment Systems and Online Payments through Neteller, Skrill, Qiwi, CashU, fasapay, DixiPay, PaytoDay and ecoPayz, etc. are all accepted payment methods.
Nevertheless, you should make it a point to verify with the customer support service in order to determine which payment option is accessible in accordance with the organization that you deal with as well as your place of residence.

The FIBO minimum deposit requirement is $100, which enables traders to access NDD accounts without commissions and begin trading immediately. While an NDD Account requires an initial deposit of $300 to get started.

FIBO provides a number of different withdrawal alternatives, including the common bank wire and web wallets like Skrill. You should also be aware that the terms and conditions of your chosen form of payment might affect whether or not certain fees apply to your transaction. In most cases, there are no transfer costs, however certain alternatives might cost between $35 and $50.

Due to the fact that the selection of the platform is of the utmost importance, the customers of FIBO Group are able to take advantage of MetaTrader4, which is one of the most widely used and powerful platforms in the business.

The platform is also accessible through MT4 WebTerminal, which is a simple feature that does not require a download and is compatible with any operating system. Additionally, the platform's mobile application is appropriate for use on devices running Windows, iOS, and Android.

In addition to its extensive built-in technical indicators, all sorts of trading orders, and quick execution, MT4 also enables automated trading opportunities via its well-known EAs or Expert Advisors and does not place any restrictions on these opportunities. You have the option of selecting an EA from the several that are available or even developing your own using the MQL4 editor.

In addition, the FIBO platform kindly offers AutoTrade or a social trade tool called myfxbook as a dependable method to duplicate trades from successful traders to your own account. Both of these platforms are social trading platforms. This platform is an excellent feature that not only benefits novice traders but also benefits pros who are looking to build a following.

Another access option provided by FIBO Group is geared for Money Managers or Professionals who wish to expand their trading potential by utilizing a large array of strong instruments, so elevating their investments to a level that is simultaneously more responsible and more potent.

A comprehensive look at FIBO Group reveals that it is the brokerage business that offers its services throughout all of the key markets, including Europe, Asia, the Middle East and North Africa, and the CIS area, while also providing a diverse selection of trading products and services. Because it operates on a worldwide scale, the firm offers its customers a wide range of technology and problem-solving options that can accommodate virtually any kind of trading requirement. Whether there is a requirement for seamless execution with no interventions, a choice between strategies built on a fixed spread or a variable one, a need to use high leverage, competitive trading conditions, or even Social trading capabilities, FIBO Group has all of these things and more available to its customers.

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Reviewed by Arpita Singh

Arpita SinghArpita Singh is the main writer at ForexBroker.ae. As a senior investment professional with 10+ years of experience working at top-tier Private Equity and Sovereign Wealth Fund; she is also responsible for fact-checking concepts, reviews, and related details about brokers and exchanges listed on this website. Full Bio.