FIBO Group, founded in 1998, is a global broker offering a wide range of online trading services. With a focus on providing forex and CFD trading, the company has earned a significant presence in both the retail and institutional markets. FIBO Group operates in multiple regions and offers a suite of financial products suitable for traders of various experience levels.
FIBO Group caters to the needs of beginners and experienced traders alike with its comprehensive trading solutions. The firm provides access to advanced trading platforms, educational resources, and a range of account types designed to accommodate different risk profiles and trading strategies. In this review, we’ll cover key aspects of FIBO Group to help you determine if it’s the right choice for your trading journey.
FiboGroup Key Features:
- Wide range of trading instruments
- Multiple account types to suit different trading needs
- Access to popular platforms like MetaTrader 4, MetaTrader 5, and cTrader
- Educational resources for new traders
- Multilingual customer support available 24/5
FiboGroup Regulatory Status & Licenses
FIBO Group is regulated by the Financial Services Commission (FSC) of the British Virgin Islands (BVI). The company’s license number is SIBA/L/13/1063, which permits it to provide investment services in several countries. While FIBO Group is licensed in the BVI, it is not regulated by top-tier authorities like the UK’s FCA or Australia’s ASIC, which may be a consideration for traders looking for more stringent regulatory oversight.
The firm offers various safeguards to protect customer funds, but its regulatory status might not instill as much confidence as brokers regulated by major financial authorities.
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| FSC (BVI) | SIBA/L/13/1063 | Not specified | Not specified | British Virgin Islands |
| CIMA (Cayman Islands) | 137876 | Yes | Yes | Cayman Islands |
| FSA (Saint Vincent) | 24777 | Not specified | Yes | Saint Vincent & the Grenadines |
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FiboGroup Trading Instruments
FIBO Group provides a diverse selection of trading instruments that cater to different types of traders. Whether you’re interested in forex, CFDs, commodities, or cryptocurrencies, FIBO Group offers a wide variety of assets. This range allows traders to diversify their portfolios and manage risk effectively across multiple asset classes.
Traders can take advantage of competitive leverage on various assets, with forex pairs offering the highest leverage. The broker also offers tight spreads for more popular instruments, which can help reduce trading costs.
| Asset Class | Number of Assets | Leverage | Spreads (Typical) |
|---|---|---|---|
| Forex | 60+ | Up to 1:1000 | From 0.6 pips |
| Spot Metals | 2 | Up to 1:400 | From 0.6 pips |
| Cryptocurrencies | 9 | Up to 1:25 | Variable |
| CFDs | Various | Up to 1:100 | Variable |
| U.S. Stocks | 50 | Up to 1:20 | Variable |
| Commodities | 4 | Up to 1:200 | From 1 pip |
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FiboGroup Trading Platforms
FIBO Group supports several popular trading platforms, offering flexibility and advanced features. The broker provides MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Each of these platforms is accessible on desktop, web, and mobile devices. These platforms are equipped with a variety of technical analysis tools, charting options, and automated trading capabilities, making them suitable for traders at all experience levels.
MT4 is known for its user-friendly interface, while MT5 offers enhanced charting and more timeframes. cTrader is favored by traders who need advanced charting and lower latency for high-frequency trading.
| Platform | Availability | Features |
|---|---|---|
| MT4 | Desktop, Web, Mobile (iOS/Android) | 30 technical indicators, 9 timeframes, Expert Advisors, customizable |
| MT5 | Desktop, Web, Mobile (iOS/Android) | 38 technical indicators, 21 timeframes, Depth of Market, economic calendar |
| cTrader | Desktop, Web, Mobile (iOS/Android) | Level II pricing, advanced charting tools, algorithmic trading with cAlgo |
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FiboGroup Mobile App
FIBO Group provides mobile applications for both iOS and Android platforms, allowing traders to manage their accounts on the go. The mobile apps provide access to key features such as trading execution, real-time market data, and charting tools. These mobile apps are highly rated by users, offering a convenient and accessible solution for traders who prefer to trade from their smartphones or tablets.
The apps are available for download in the respective app stores, and both MT4 and MT5 mobile apps provide essential functionalities required for active trading.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| MT4 Mobile App | 4.5 | 4.6 |
| MT5 Mobile App | 4.4 | 4.5 |
| cTrader Mobile App | 4.3 | 4.4 |
FiboGroup Account Types
FIBO Group offers several account types to meet the needs of different traders. The account types range from basic cent accounts to more advanced ECN accounts, allowing traders to select the most suitable option based on their experience, trading style, and capital. The minimum deposit varies by account type, with some requiring as little as $50 to start.
The leverage options range from 1:200 for standard accounts to higher leverage for advanced accounts, such as the ECN accounts, which offer leverage up to 1:1000.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| MT4 Cent | $0 | Up to 1:1000 | From 0.6 pips | None |
| MT4 Fixed | $50 | Up to 1:200 | From 2 pips | None |
| MT4 NDD | $50 | Up to 1:400 | From 0 pips | 0.003% of transaction volume |
| MT4 NDD No Commission | $50 | Up to 1:400 | From 0.8 pips | None |
| cTrader NDD | $50 | Up to 1:400 | From 0 pips | 0.003% of transaction volume |
| cTrader Zero Spread | $50 | Up to 1:1000 | From 0 pips | 0.012% of transaction volume, min $1 |
| MT5 NDD | $50 | Up to 1:400 | From 0 pips | 0.003% of transaction volume |
FiboGroup Commissions & Fees
FIBO Group’s commission structure is transparent and varies depending on the account type. Standard accounts come with no commission but have wider spreads. ECN accounts offer low spreads starting from 0 pips but charge a small commission based on the transaction volume. VIP accounts provide further reductions in spreads and commissions, though they require higher deposits.
Traders should carefully choose the account type based on their trading volume and preferred cost structure to optimize trading costs.
| Fee Type | Standard Account | ECN Account | VIP Account | Swap-Free Account |
|---|---|---|---|---|
| Spread | From 2 pips | From 0 pips | From 0 pips | From 2 pips |
| Commission | None | 0.003% | 0.003% | None |
| Swap Fees | Applicable | Applicable | Applicable | Not applicable |
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FiboGroup Deposit & Withdrawals
FIBO Group supports multiple payment methods for deposits and withdrawals, ensuring flexibility for its clients. Deposits are generally processed instantly for most payment methods, including credit/debit cards, Neteller, Skrill, and cryptocurrencies. Withdrawals may take longer, depending on the method and processing times.
The broker does not charge deposit fees, though third-party payment processors may impose their own fees for transactions.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Bank Transfer | None | None | 1-3 business days |
| Credit/Debit Card | None | 2.5% + €1.5 | Instant |
| Neteller | None | None | Instant |
| Skrill | None | None | Instant |
| Bitcoin | None | None | 1-2 hours |
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FiboGroup Customer Support
FIBO Group offers a range of customer support channels, including live chat, email, and phone support. Support is available in multiple languages, providing assistance to a global client base. Response times are generally quick, ensuring that traders can get the help they need without unnecessary delays.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/5 | Instant | English, Russian, Spanish, Arabic, and more |
| 24/5 | 24 hours | English, Russian, Spanish, Arabic, and more | |
| Phone | 24/5 | Within 1 hour | English, Russian, Spanish, Arabic, and more |
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FiboGroup Education & Research
FIBO Group offers a variety of educational resources, including webinars, articles, video tutorials, and market analysis tools. These resources are designed to help both new and experienced traders improve their skills and stay informed about market developments.
The research tools include real-time market data, economic calendars, and daily market news, all of which can help traders make more informed decisions.
| Resource Type | Availability | Quality |
|---|---|---|
| Webinars | Weekly | High |
| Video Tutorials | Available | High |
| Market Analysis | Daily | Excellent |
| Articles | Weekly | High |
FiboGroup Google Reviews & Reputation
FIBO Group has garnered a reputation for its reliable services, as reflected in its user reviews. On platforms like Trustpilot and Google Play, the broker has received positive feedback for its customer service, platform performance, and educational resources.
Despite some mixed reviews regarding withdrawal processing times, most users appreciate the variety of assets and low commission fees offered by the broker.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| Customer Service | 4.5 | 4.6 | 4.5 | 4.4 |
| Platform Usability | 4.3 | 4.4 | 4.5 | 4.3 |
| Educational Content | 4.7 | 4.5 | 4.6 | 4.5 |
FiboGroup Bonuses & Promotions
FIBO Group offers various promotions and bonuses to new and existing clients. These include welcome bonuses, deposit bonuses, and referral programs. Traders can use these bonuses to boost their trading capital, though they may be subject to specific terms and conditions.
Some promotions may include limited-time offers, so it’s essential for traders to check the website for the latest deals.
Bonuses & Promotions List
- 30% Deposit Bonus for New Clients
- Referral Program: Earn up to $500 per referral
- Seasonal Promotions (e.g., holiday bonuses)
FiboGroup Advantages & Disadvantages
| Pros | Cons |
|---|---|
| Wide range of trading instruments | Limited regulatory oversight |
| Multiple account types | Some withdrawal methods may take longer |
| Competitive leverage options | Limited market access in some countries |
| High-quality educational resources | Customer support may take longer during peak times |
| Access to top-tier platforms | Not regulated by major authorities like FCA or ASIC |
Final Thoughts
FIBO Group offers a solid trading experience for both beginner and advanced traders. The broker provides a diverse selection of assets, a range of account types, and access to popular trading platforms. Its educational resources and customer support also stand out, making it a good choice for traders looking for comprehensive learning materials and timely assistance.
However, its regulatory status under the BVI FSC may not appeal to all traders, particularly those seeking brokers with oversight from major financial authorities. Despite this, FIBO Group remains a reputable broker with competitive offerings, especially for those looking for flexibility and diverse trading options.