1. What is FIBO Group?
  2. Is FIBO group safe or a scam?
  3. Leverage
  4. Account Types
  5. Spread
  6. Deposits and Withdrawals
  7. Trading Platform
  8. Conclusion

Our Review Method

  • 55Brokers Financial Experts with over 10 years experience in Forex Trading check trading offerings, fees, platforms, verified regulations, contacted customer service and placed trades to see trading conditions and give expert opinion about FIBO Group

What is FIBO Group?

International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is one of the oldest players in internet trading, with its history dating back to 1998. From its inception, the broker always adheres to the principles of transparent activities, with the protection of the interests and strict compliance to observe laws.

FIBO Group Company was established in the BVI and is still headquarters there, however, the broker enhanced its offering through an additional entity located in Cyprus with respected European regulatory authorization and the possibility to invest safely.

Moreover, FIBO Group’s world coverage includes high-quality support established through Vienna, Limassol, Shanghai, Singapore, Munich, Kyiv, and Astana offices.

FIBO Group Pros and Cons

Based on our expert findings, FIBO Group is a reliable broker with a strong establishment and a good reputation offering  NDD environment with great conditions for CFD and FX trading with a low minimum deposit and low spreads. There is a great range of industry-standard platforms, as well as an option for technical traders to use cTrader’s sophisticated features. Also, we noted a good range of educational courses and webinars for beginners.

On the Negative side, The broker’s market proposal is quite narrow and limited to FX and CFD trading, moreover, it charges trading commissions for some account types, as well as fees for deposit and withdrawal. Also, we find the educational section not suitable for expert traders.

FIBO Group - official website

FIBO Group Review Summary in 10 Points
🏢 HeadquartersBVI, CySEC
🗺️ Regulation and LicenseFSC, CySEC
📉 Instruments60 currency pairs, including cryptocurrencies, CFDs
🖥 PlatformsMT4
💰 Costs0.2 pips
🎮 Demo AccountProvided
💰 Base currenciesEUR, USD
💳 Minimum deposit$50
📚 EducationEducation, research, various tools
☎ Customer Support24/5

Overall FIBO Group Ranking

Overall, our experts find FIBO Group a good and reliable broker with convenient conditions for beginners. The broker’s spreads are low and deposit too, the broker is suitable for various trading strategies and meets the need of traders across the globe including European clients, Africa and Asia traders.

  • FIBO Group Overall Ranking is 7.9 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.
RankingFIBO GroupHFMBalckBull Markets
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
AdvantageLeverageEducationFees

FIBO Group Alternative Brokers

However, we found disadvantages too, the broker has a limited range of trading instruments only for CFD and FX trading, also based on the jurisdiction the conditions may change, also educational resources are poor as well. So it is useful to check out other broker’s too:

Awards

Generally speaking, FIBO Companies of the holding for the years of operation won numerous awards for their excellent customer service and Brokerage firm achievements, along with thousands of satisfied clients they serve around the world.FIBO Group awards

Is FIBO Group safe or scam?

No, FIBO Group is not a scam. With decades of expertise in the industry, this broker has built an excellent reputation for delivering high-caliber trading services. They are strictly regulated and adhere to all regulatory laws while also providing a low-risk financial experience.

Is FIBO Group regulated?

FONTEN CORPORATION LIMITED is a registered Financial Services and activity firm and is the company of FIBO Group, Ltd. regulated by the Financial Services Commission, British Virgin Islands. In fact, BVI is offshore with fairly low regulatory requirements and standards towards financial firms.

Therefore, according to the European regulation which goes in parallel with the offshore registration of FIBO Group, we can conclude the broker is a safe choice to invest in. See TriumphFX which is also a CySEC-regulated safe broker.

See our conclusion on FIBO Group Reliability:

  • Our Ranked FIBO Group Trust Score is 8.4 out 0f 10 for good reputation and service over the years, the broker is highly regulated by an industry-leading regulator adhering to financial standards while providing exceptional service. The only gap is that international trading is delivered through its offshore entity
FIBO Group Strong PointsFIBO Group Weak Points
Highly regulated and Established brokerInternational trading is provided by an offshore entity in BVI
Good reputation and years of operation
Global coverage
CySEC regulated
Global expands including Asia, MENA, Africa regions

The broker provides the provision of investment services and secure trading along with professional indemnity insurance, and in addition, is a member of the Investor Compensation Fund (ICF). The customers and partners can be assured that all services, provided by any of the companies within the FIBO holding Group, meet the highest international standards and are under the control of national regulators.

FIBO Group license

FIBO Group Leverage

While trading with FIBO Group you are offered to use leverage, or a loan is taken from the broker with the purpose to increase your trading size. Besides, the leverage levels are also determined by the regulatory restrictions, trading with a European entity of FIBO Group you will automatically fall under ESMA regulation, which is lower:

  • European traders are allowed leverage to a maximum of 1:30 for Major Currency pairs and even 1:10 for Commodities.
  • FIBO Group’s global office gives access to the highest possible leverage up to 1:1000, which is a fantastically high level you should definitely be careful with.

Leverage brings vast capabilities and the possibility of higher gains, in case you use tools smartly and do not involve yourself in high risks.

Account types

We found two account types designed by FIBO Group, so you may choose between NDD Account or NDD No Commission Account:

  • While the first account offers competitive variable spreads from 0 pips you will need to pay a commission per transaction, making it a great account type for various trading techniques.
  • And the second account NDD No Commission designed with fixed spreads of 0.8 pips and is amazing for beginning traders or those strategies that require the strict calculation of a spread under any market conditions.

Moreover, the Islamic or Swap free accounts are available for those who follow Sharia rules and are featured with no overnight fees and high leverage options.

ProsCons
Fast digital account openingConditions may vary based on the entity
Different account types based either on spreads or commissions
Low minimum deposit
Demo Account
Islamic account

FIBO Group Review Accounts

Market Instruments

The trading product range includes offering to retail clients or Money Managers as well as Investor programs through PAMM service. Forex trading through FIBO Group represents 60 currency pairs, including cryptocurrencies, with high leverage possibilities and low spreads through the NDD Execution model, and CFD with no swaps and 0% commissions through the reasonable fixed spread.

  • FIBO Group Markets Range Score is 8 out 0f 10 for a good trading instrument selection, yet the only gap the broker offers is mainly CFDs and Forex instruments, and the range is quite narrow, and conditions and assets depend on the entity

FIBO Group Fees

FIBO Group fees are very much dependent on the account type you choose. First of all, the broker provides both fixed and floating spreads with the commission charged for a particular account type with o pips. The broker charges both deposit and withdrawal fees for bank transfers, also you should consider non-trading fees, the broker charges an inactivity fee after a certain period of time.

  • FIBO Group Fees are ranked low with an overall rating of 7 out of 10 based on our testing and compared to over 500 other brokers. The broker charges deposit/ withdrawal and inactivity fees, as well as commissions for certain types of accounts. Also, fees might vary depending on the entity. See the table of fees compared to other leading brokers in the market
FeesFIBO Group FeesFBS FeesXM Fees
Deposit FeeYesNoNo
Withdrawal FeeYesNoNo
Inactivity FeeYesYesYes
Fee RankingAverageLowAevrage

Spreads

From what we have found, FIBO Group spread varies between the two offered account types, while there is an option to trade either with fixed spread and no commission or with variable spreads and 0.003% commission from the transaction. It is actually, a fantastic option, as allows you to choose the best option according to the trading strategy you deploy and see what is best for you.

Also, you should always consider an overnight fee or rollover as a trading cost. It is charged on the positions held longer than a day, as example EUR/USD rollover is around -1.38 for long positions and 0.68 for short. Also, you may see a sample of FIBO spreads below as well check out another broker BlackBull Markets.

  • FIBO Group Spreads are ranked with an overall rating of 9 out of 10 based on our testing comparison to other brokers. We found Forex spread much lower than the industry average of 1.2 pips for EURUSD, and spreads for other instruments are very attractive too
Asset/PairFIBO Group SpreadPepperstone Spread AvaTrade Spread
EUR USD Spread0.3 pips0.77 pips1.3 pips
Crude Oil WTI Spread0.50 pips2.3 pips3 pips
Gold Spread0.500.1340
BTC USD Spread3531.390.75%

FIBO Group spread

Payment Methods

FIBO Group included flexible deposit or withdrawal options in their offering too, which allows secure and reliable transactions of funds. The payment methods including

  • Bank Wire Transfers,
  • Card Payments,
  • as well as Payment Systems and Online Payments through Bitpay or Blockchain, Neteller, Skrill, Qiwi, CashU, fasapay, DixiPay, PaytoDay, ecoPayz, etc.

Yet, make sure to check with the support service which payment method is available according to the entity you trade with, as well as your residence.

  • FIBO Group Funding Methods we ranked Excellent with an overall rating of 7.6 out of 10. The minimum deposit is rather low, yet Fees are either none or very small, besides a range of supported funding methods is good, but be sure to verify the conditions with the entity you trade

Here are some good and negative points for FIBO Group funding methods found:

FIBO Group AdvantagesFIBO Group Disadvantages
Low Minimum depositMethods and conditions vary based on entity
Fast digital deposits, including Neteller, and Credit Cards Deposit/Withdrawal fees
Multiple Account Base Currencies

Minimum deposit

FIBO minimum deposit requirement is $50, which allows you to access NDD No Commission account and start trading. While NDD Account requires 300$ at the beginning.

FIBO minimum deposit vs other brokers

FIBO Most Other Brokers
Minimum Deposit $50 $500

Does the FIBO Group offer a no deposit bonus?

Fibo Group does not offer any broker bonus programs and contests for loyal customers including trading bonuses, deposit bonuses, and no-deposit bonuses.

Withdrawal

FIBO withdrawal options are various including popular bank wire and w-wallets like Skrill. Also, you should note that depending on the conditions and method of payment you use, there are some fees may be waived. Typically fees are none, but some options range from 35-50$ per transfer.

FIBO Group funding methods

Trading Platforms

What we also found fascinating is the great range of trading platforms offered by FIBO Group catering needs of various traders with various purposes. Traders can enjoy the most popular trading platform suit consisting of MT4 and MT5 platforms. Also, the broker offers a way more sophisticated cTrader platform for expert traders who prefer technical trading.

  • FIBO Group Platforms are ranked Excellent with an overall rating of 9 out of 10 compared to over 500 other brokers. We mark it as excellent being one of the best proposals we saw in the industry, and a great range including MT4, MT5, and cTrader suitable for professional technical trading. cTrader is also packed up with sophisticated analysis tools
Trading Platform Comparison to Other Brokers:
PlatformsFIBO Group PlatformsPepperstone Platforms IFC Markets Platfoms
MT4YesYesYes
MT5YesYesYes
cTraderYesYesNo
Own PlatformNoYesYes
Mobile AppYesYesYes

Web Platform

The platform is also available through MT4 WebTerminal as an easy feature that does not require a download and is compatible with any operating system, also is suitable for Windows, iOS, and Android devices by its mobile application.

Together with its comprehensive built-in technical indicators, all types of trading orders, and instant execution, MT4 also allows automated trading opportunities through its known EAs or Expert Advisors with no limitations. You may simply choose from a variety of EAs or even create your own one with the MQL4 editor.

FIBO Group platform

Social Trading

In addition, AutoTrade, or a social trade platform myfxbook as a reliable way to copy deals from successful traders to your account is generously available on the FIBO platform too. This platform is a great feature for beginning traders, as well as professionals who would like to earn followers.

Another access offered by FIBO Group is designed for Money Managers or Professionals that may deploy their trading opportunity by vast powerful instruments bringing investment to a different, highly responsible, and powerful feature.

Customer Support

Another important to consider while choosing the right broker is customer support service. The broker provides multichannel support via international phone calls, email, and Live chat. The broker also provides a full-service client area for account management, as well as market analysis.

  • Customer Support in FIBO Group is ranked with an overall rating of 8 out of 10 based on our testing. We got some of the fastest and most knowledgeable responses compared to other brokers, however, you can reach the support on weekends, also it is provided only in English

See our find and Ranking on Customer Service Quality:

ProsCons
Quick responseNo 24/7 Support
Relevant AnswersSupports only English
Live Chat Provided

Education

As for education, FIBO Group offers an educational academy with different courses mainly focused on beginner traders providing the principles of the financial markets and teaching how to imply the gained knowledge in live trades. The broker also has a range of videos for beginners, as well as Webinars and events.

  • FIBO Group Education ranked with an overall rating of 7.8 out of 10 based on our research. The broker provides a good quality trading education, yet suitable only for beginners. The range is rather poor and needs diversity

FIBO Group Review Education

FIBO Group Review Conclusion

Based on our expert opinion, the FIBO Group review overall shows the brokerage company that spreads its services within all major markets, Europe, Asia, MENA, and CIS regions while bringing a range of services and trading instruments to choose from. Due to global coverage, the company provides also a variety of technologies and solutions to use, suitable for almost every trading need. Whether there is a need for seamless execution with no interventions, a choice between strategies built on a fixed spread or variable one, a necessity to use high leverage, competitive trading conditions, or even Social trading capabilities it’s all available in FIBO Group.

Based on Our findings and Financial Expert Opinion FIBO Group is Good for:

  • Beginning Traders
  • Automaned Trading
  • EAs running
  • Copy Trading
  • Scalping / Hedging Startegies
  • Traders who prefer MT4 or MT5 platform
  • For cTrader Platform and TradingView Platform use
  • Currency Trading and CFD Trading
  • Suitable for a Variety of Trading Strategies
  • Suitable for Technical Analysis
  • Tight Spread Trading
  • PAMM Trading

No news available.

3 responses to “FIBO Group”

  1. Really quite comfy to trade with EA. Fibo does not restrict that and even promotes some of the accounts as most suitable for experts. You can set up and test your EA on a demo and if it works fine go live on a cent account with some small deposit. I did not have to get any special permission, everything worked as intended.

  2. Fibo Groups is a 100% Scam, Please be aware ( with Proof)

    Hello everyone, I want to share the terrible experience with Fibo Groups that initially one of my friends he suggested me this broker, and even though I saw so many negative reviews on various FX broker review websites I opened an account with $100 to check the broker when I opened they connect with an account manager call “Kairat from Kazakhistan”, he helped me for verifying the account. After that I started the trading and I gained some profit, then slowly I deposit capital to $1000 and after sometimes $6000, then I tried to withdraw $1000 to Skrill and $5000 to USDT wallet and it was Successful, everything went smooth and no issues with the spread, slippage, and execution speed. And then I deposited $25,302.5 and made $45,453.28 and huge commissions that $19,129.90 which is almost 45% of the profit and the account balance was $27,659.88. Then suddenly noticed that they increased slippage is more than 15 pips which usually 1-3pips, spread Is more than 5pips which usually 1-2 pips. The execution speed was 10,000ms which is usually an average of 100ms, and the account started to go negative side, and I stopped trading and I understood that they try to blow my account using their plugins.
    After that I tried to withdraw $25,000 on 17.06.2022, usually, they approve around 24 hours, after 24 hours I asked the account manager he said they’ll process it soon, but it didn’t happen, then after another day I asked them about the status of the withdrawal account manager said it’s on account checking department, but they didn’t do any checking like this before and after 5 days they said they can’t give the profit of 01.06.2022 – 17.01.2022 and I asked the reason to the account manager he said he’s line manager didn’t give any reasons to him instead I need to make the reason request through the portal, I asked them they simply just said below statement without giving the reason.

    { thank you for reaching out.
    We kindly inform you that a checkup revealed the abuse of a vulnerability in
    the trading software (Meta Trader 5, trading platform) registered on the
    mentioned account from 01.06.22. According to the clause 4.9 of the
    Customer Agreement, the positions have been deleted and the total
    balance of the account has been recalculated.
    Please, be aware that according to clause 4.9 of the Customer Agreement
    available on the official web-site of FIBO Group
    (https://www.fibogroup.com/u/document_file/1624/customer_agreement.pdf)
    the Company shall reserve the right to cancel (annul) any Transaction due
    to wrong quotation found by the Company provided that this wrong
    quotation appeared as a result of malfunction of the Client Terminal.
    We look forward to your understanding and further cooperation.
    Should any question arise please do not hesitate to contact us!
    Best regards,
    Customer Service}

    If there is no price quotation when I placed the Trades why they placed the Trades? So many scam brokers used to tell this reason to profitable traders.

    I have attached all screenshots here, please prefer all details.

    I urged to everyone please avoid this broker if you’re trying to make a profit from this broker you’ll never make the money. Even though your family or colleague says it’s a good broker, they’ll wait for their timing, I promise you they’re real market makers. I asked them again please release my money they said that its the company’s final Decision and had no explanation for what went wrong. Please contact me for more details about this broker

    My lessons
    ● Don’t ever choose Fibo Groups
    ● They’ll add an Account manager and he’ll ask every time he called when you deposit your $50k
● don’t go with an offshore broker, they can do whatever you want.
    ● don’t maintain a huge balance with this kind of broker
    ● if you’re a profitable trader then don’t go with this broker.

    Please avoid this broker! I would say it’s 100% scam.

    Thank you!

  3. Hi team is it allowed to get a standard account type if yes, how much I must invest on Standard account. What is the maximum high execution speed also I’m looking for leverage of 1,888 or more.

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