FIBO Group Review 2018

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FIBO GroupReview

FIBO Group Review

FIBO Group Holdings (Financial Intermarket Brokerage Online Group) is an online forex broker that was established in 2011. The broker is well known among the online forex trading community as being a principled and transparent broker. They adhere strictly to all regulatory requirements and work to protect the interests of their clients by obtaining operational licenses from several jurisdictions. To ensure that their clients are properly supported, they maintain satellites offices around the world in several major cities such as Astana, Kiev, Limassol, Moscow, Munich and Singapore. With the FIBO group, forex traders can be assured that the services that they receive are of the highest international standard.

FIBO Group Video Review

FIBO Group Reliability – Is FIBO Group a Scam?

Operational since 2011, the FIBO Group name is a relatively well known name among the online forex trading community. Over the past years the Financial Intermarket Brokerage Online Group has earned itself a reputation of being a broker that could be trusted and relied upon to provide their customers with services that meets the highest international standard. In addition, the group is also known to be transparent with the way they operate.

In terms of customer protection, the FIBO group has also been able to assure their customers of the company’s commitments to protecting their interests. This is achieved by the FIBO group through the acquisition of operating licenses from several jurisdictions such as the Financial Services Commission in the British Virgin Islands and Cyprus Securities Exchange Commission (CySEC). In addition as a CySEC regulated broker, traders at the FIBO group are covered under the Investors Compensation Scheme. This mean they are protected up to a maximum amount of 20,000 euros if ever the FIBO group is unable to legally fulfill its contractual obligations.

Apart from providing their clients with legal safeguards, the FIBO group has also made efforts to ensure that their traders are able to receive the highest quality customer support. The quality of the support is further enhanced by the FIBO group with setting up of offices in several major cities around the world. The fact that the FIBO group has won numerous awards recognizing the group for their excellent customer service bear testimonial to the fact that this broker has live up to its reputation.

FiboGroup 2

Trading Platforms

To ensure that their clients trading needs are adequately met, FIBO group has provided 3 main types of trading platforms for them. They include the popular MetaTrader 4, the newer MetaTrader 5 and the robust Ctrader.

MetaTrader 5

An upgraded version of the widely used MT4, the MT5 has been under development for 3 years before it was released onto the market. Currently, it is only available as a PC Windows version.

cTrader

The powerful cTrader trading platform lets FIBO group’s clients access to the forex market using NDD (Non Dealing Desk) Technology. It is allow for fast connection with proxy servers and support more than a dozen different languages. It is available as a downloadable application or as a WebTrader. In addition, the cTrader can be integrated with the cAlgo algorithmic platform or cMirror platform to allow traders trade the markets using trading robots.

Account Types

There are 4 different types of trading accounts available at FIBO group. They consist of the following

MT4 NDD

  • $300 Minimum Deposit
  • NO Dealing Desk Business Model
  • 5 decimal quotes
  • 1:50 Leverage ratio
  • 32 currency pairs
  • Commission is 0.003% from the amount of a transaction

MT4 NDD No Commission

  • $300 Minimum Deposit
  • 1:50 leverage ratio
  • 38 currency pairs
  • 5 decimal quotes
  • No Commission

cTrader NDD

  • $300 minimum deposit
  • 5 decimal quotes
  • 1:50 leverage ratio
  • 41 currency pairs
  • Commission is 0.003% from the amount of a transaction

MT5 NDD

  • $500 minimum deposit
  • 5 decimal quotes
  • 1:50 leverage ratio
  • 42 currency pairs
  • Commission: till 100 million – $30 for a million USD, from 100 million to 250 million – $25 for a million USD,  above 250 million – $20 for a million USD.

Commission & Spreads

The commission charges and spreads which are applicable at FIBO group depend on the type of trading account which the trader is trading from. Nevertheless the commission rate and spreads at FIBO group are very competitive with the minimum spread starting at 0.01 pips.

Customer Support

The customer support at FIBO group is multi lingual. Depending on where the trader is residing, he can select the office nearest to him and telephone the support team for support. Alternatively, traders can also contact the support team through email, live chat or by requesting a call back.

Pros

  • Competitive spreads
  • Cutting edge trading platform
  • Localized Support available
  • Regulated Broker
  • Reputable Broker since 2011
  • Wide selection of instruments

Cons

  • Lack of educational materials
  • MT4 platform not available for Mac computers
  • Website not user friendly

Conclusion

From our review, we find that FIBO group is deserving of the high praises that it had received from online forex trading community. With an operational history going back as far as 2 decades, FIBO group has indeed earned a reputation of being one of the principled and transparent forex brokers around. For any traders who is looking for a reputable and reliable broker,  FIBO group is worth considering.

FIBO GroupOverview

Company Information

Broker DetailsInfo
Regulated byCySEC
Headquarters CountryCyprus
Foundation Year2011
Publicly TradedNo

Deposit Options

Cash-U, Credit Card, Neteller, QIWI, Skrill, Webmoney, Western Union, Wire Transfer

Withdrawal Options

Cash-U, Credit Card, Neteller, QIWI, Skrill, Webmoney, Western Union, Wire Transfer

Contact Information

Trading Account Options

Account TypeInfo
Min. Deposit$1
Max. Leverage1:50
Mini AccountYes
Demo AccountYes
Premium AccountYes
Islamic AccountYes

FIBO Group Trading Features

Suitable For

Trader LevelYes/No
BeginnersYes
ProfessionalsYes
ScalpingYes
Day TradingYes
Weekly TradingYes
Swing TradingYes

Customer Service

TimeYes/No
24 Hours SupportYes
Support During WeekendsNo

Customer Support Languages

Arabic, Chinese, English, Farsi, German, Indonesian, Italian, Polish, Russian, Spanish

Trading Services

ServiceInfo
Supported Trading PlatformscTrader, MT4, MT5
Commission On TradesYes
Fixed SpreadsYes
Educational ServiceYes
SignalYes
Email AlertsYes
Guaranteed Stop LossYes
Guaranteed Limit OrdersYes
Guaranteed Fills/LiquidityYes
Automated TradingYes
Has VPS ServicesYes
Cryptocurrency CoinsYes

Supported Instruments

Instrument TypeYes/No
CurrenciesYes
CommoditiesYes
CFDsNo
IndicesYes
StocksYes
CryptocurrenciesYes

FIBO GroupUser Reviews

Rate this broker
  • 2.0
    Ow, no
    Alex
  • 4.0
    NDD Broker
    Schmit Bodi
  • 4.0
    Regulated Broker
    Ioav Hidalgo Ayala
  • 5.0
    Broker with Good Support and global operations
    Édouard Bellefeuille
  • 4.0
    Great choices of Trading Platforms
    Kristin Wannemaker
Read More FIBO Group User Reviews

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