On many FIBO Group broker reviews, many users attest to the effectiveness of the platform. However, there is also negative feedback, the broker has an average score rating of 2.9 out of 5 stars. Client dissatisfaction is usually around the poor level of service, the slow response time, and the lack of efficiency with customer relations.

Financial Assets

I could not even imagine that I would not only trade in a brokerage company, but that I would also want to do it and it would be pleasant for me. It seems that with age, the tastes and preferences of people change by 180 degrees. As for the brokerage company FIBO Group, it seems to me that I made the right choice. Otherwise, how to explain that I have such a great desire to trade? This is due not only to the monetary side of this issue, but also to the fact that the company has very attentive and good specialists, real professionals.

cTrader Mobile Trading

The broker has a convenient personal account and I have never caught them on suspicious frauds with my account. I think everyone will find a suitable one for themselves. And those who turn millions, and those who are an ordinary average investor who is engaged in the stock market as a hobby and creates an airbag. And I take them from the recommendations that FIBO gives.

Established in 1998, FIBOGroup has years of experience and is dedicated to providing its Forex/CFD trading services to millions of clients worldwide. For more information about currency trading brokers visit TopForexBrokers.com forex brokers comparison website, Tip ForexSQ.com foreign exchange trading https://traderoom.info/fibo-overview/ experts please by share this article about FIBO Group Review. We advise traders to be careful when operating with higher leverage levels, for they may not only multiply their profits on a small deposit, but also result in losses exceeding their initial investments. In comparison, Exness, also holding a CySEC license, offers to ECN account holders average spreads of 0.4 pips on EUR/USD, involving a commission amounting to $ 2.5 per standard lot.

Where are the Headquarters from FIBO Group based?

The broker offers trading on MetaTrader 4, MetaTrader 5, and cTrader platforms with various financial instruments including forex pairs, commodities, indices, and cryptocurrencies. FIBO Group markets itself as a reliable broker with over two decades of experience in the financial markets. Unlike other brokers that offer a range of accounts with higher minimum deposits linked to tighter spreads, FIBO Group offers six account types with a variety of platform and execution choices. Overall, because of its long history of responsible behaviour, strong international regulation, and transparency, we consider FIBO Group a safe broker to trade with. However, traders should be aware of the high leverage, low minimum deposit requirements, and lack of negative balance protection, which could see their trading accounts wiped out or even incur a negative balance.

Which Withdrawal methods are available at FIBO Group?

When I’ve just start I opened a demo account and now I’ve been trading here for some years. It’s comfortable to read analytics on the website, everything hepls to trade in case you are an expert. Market makers are crucial because they provide liquidity to the market, ensuring that traders can enter and exit positions at almost any time. They help stabilize the market by continually offering buy and sell prices, which is essential for a smooth trading experience. Some of the largest market makers in Forex, who also serve as key liquidity providers, include major banks like JPMorgan, Citi, and UBS, as well as prominent brokers such as IG and Forex.com. These institutions ensure market liquidity by consistently offering buy and sell prices, facilitating smooth trading conditions.

Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. Overall, FIBO Group’s account-opening process is fully digital and hassle-free and accounts are ready for trading immediately. The account-opening and verification process at FIBO Group is seamless, fully digital and accounts are ready for trading immediately. Filipino traders will be trading under the FIBO Group entity regulated by the Financial Services Commission of the British Virgin Islands (BVI FSC). Founded in 1998, FIBO Group Holdings is a hybrid ECN/NDD market maker which has been authorised and regulated by CySEC since 2010 (licence number 118/10). It is also a member of the Investor Compensation Fund (ICF), and in the unlikely event of FIBO Group’s bankruptcy, the ICF will compensate traders up to a maximum of 20,000 EUR.

Fibogroup one of bad forex company

These platforms offer seamless integration with STP brokers, providing fast execution, advanced charting tools, and a wide range of technical indicators. Brokers like RoboForex and FxPro support these platforms, making them ideal for traders looking for efficient STP trading conditions. HF Markets is a reliable and appealing Forex broker, offering a wide selection of trading assets, a variety of account types, and access to the popular trading platforms MetaTrader 4 and MetaTrader 5. With its regulation and industry experience, the company has earned a reputation as a dependable partner for traders of varying experience levels. FIBO Group offers a comprehensive suite of educational and learning materials for those interested in Forex trading.

• Forex trading involves significant risk, including the risk of a complete loss of your invested funds.
• These features include low spreads, fast and flexible deposit and withdrawal options, and the ability to trade more than 60 currency pairs with low spreads and up to 200x financial leverage.
• 2 Oct 2021VishalThis is a fraudulent group operating in India currently.
• This recognition is evident in the numerous awards and accolades FIBO Group has received over the years.

Forex Bonuses and offers are for trading information only and should not be considered as advice or encourage to invest in the brokers. Please read our privacy policy and legal disclaimer and NFA’s Investor Advisory. Remember that the forex industry offers many legitimate, well-regulated brokers that operate with transparency and integrity. There’s no need to risk your capital with a broker displaying the concerning patterns we’ve identified with FIBO Group. We tried the call-back service, but to date have not received a callback.

FIBO Group Trading Education and Training

• 10 Oct 2019KarlHonestly, I did not think that someday I would be engaged in trading.
• Avoid scam brokers like FiboExecution time 500msc, spread in gold 8cents.
• A market maker Forex broker, often referred to as a dealing desk broker, is a type of broker that sets bid and ask prices in the market and acts as the counterparty to the trades of its clients.
• As for the brokerage company FIBO Group, it seems to me that I made the right choice.

I’ve executed trades from various locations without issues. Additionally, their diverse range of tradeable assets offers plenty of opportunities, though I’d love to see them expand their cryptocurrency offerings given the growing interest in that sector. FIBO Group (Cyprus) is a reliable and award-winning NDD broker, which is a part of a group with worldwide operations. It offers trade in currency pairs and spot metals through a selection of robust trading platforms under competitive trading conditions.

As with the web trading platform, traders can choose from multiple languages. This account has all the same parameters as the MT4 NDD Account except the trading cost is captured in the spread and no commission is charged. As such, the average spread on the EUR/USD is higher, at 0.8 pips, which is slightly lower than the trading costs at other similar brokers. FIBO Group’s accounts were assessed to compare the costs to those of other forex brokers.

The only downside as Copper is Disabled in my MT4 for some reason, I, honestly don’t know why is that but, other than that, it does it’s job 2 Oct 2021VishalThis is a fraudulent group operating in India currently. They call you and offer you forex account management and they promise you huge profits on your investments. They claim that they connect algorithm software to your trading account which does automatic trading and gives good returns. They tell you to open account only with FIBO as for sure someone from FIBO is also involved in this scam. They trade negatively on your account and finish all your balance.

Select another broker to another broker to compare features, fees, and platforms side by side. They have a really slow customer support, and it can be so annoying that I prefer not to use this broker at all!! We truly appreciate your support and trust in FIBO Group. Our team is committed to maintaining reliable service and continuously improving to meet our clients’ expectations.Best regards,FIBO Group, Ltd.

In compliance with these rules, FIBO Group ensures that all client funds are held in segregated accounts at tier-1 banks. Several well-known Forex and CFD brokers operate as market makers, including brokers like IG and Forex.com. However, the status of a broker as a market maker can depend on the account type or trading conditions offered. However, for traders with more specific requirements, such as a variety of trading accounts or individual conditions for professional traders, ActivTrades may be less attractive.

A special bonus for me as a client of Fibo group is the opportunity to try and study on the spot. With the help of analyst’s hints, I began to better predict the movement of the trend and increased the number of profitable trades. 27 Jul 2023ErkanOrder execution with FIBO Group has been a mixed bag for me.

1 Jan 2017Ernest.P.Especially valuable are analytics and educational courses. I’ve followed several trading recommendations that included long and short positions on main currency pairs and most of them were profitable. Broker’s trading strategies are valuable complement to any level of experience whether you are savvy or beginner. They follow you through several trade examples day-by-day.

Compare top platforms, fees and features to make an informed trading choice. Customer support is available via telephone, a call-back service, and email 24/5 in 12 languages. Most other brokers offer a live chat feature so that traders can have their questions answered quickly and easily. Managed accounts are great for beginner traders who have limited experience with trading. FIBOGroup offers a wide range of payment methods, but traders are charged a commission on both deposits and withdrawals. All of FIBOGroup’s trading platforms are available on both Android and iOS mobile devices and tablets.