FIBO Group Review 2019 | Is FIBO Group a Scam or Legit Forex Broker?

Read our FIBO Group review to find out if FIBO Group is a scam or a reliable forex broker. Unbiased Forex brokers reviews combined with user comments.

Average broker rating

3.8/ 5

Rating breakdown

Protection & Regulations
80% Complete (danger)
4.0/5
Trading platforms
100% Complete (danger)
5.0/5
Tradable Products
100% Complete (danger)
5.0/5
Deposit and withdrawal
100% Complete (danger)
5.0/5
Trading Fees
20% Complete (danger)
1.0/5
Support
60% Complete (danger)
3.0/5
# Broker's Features FIBO GROUP Availability
# Commissions
# Hedging
# PAMM
# Scalping
# Accepts US traders
# 24 hour trading
# Swaps
# Demo account
# Daily analysis
# Automated trading
# Mobile trading
# Trading by phone
# 1st deposit bonus
# Forex contests competitions
# Bonuses Promotions
# Interest charges on the balance
# Free education
# Expert advisors
# Partnership programs
# Trust management
# 24 hour support

The variety of online brokers on the internet is very huge, so it is necessary to do a transparent review and comparison of the companies. After spending several days researching different forex brokers for trading FX, our team at onlineforextrading.net team collected over 50 data points. For this review, we will review FIBO Group.

Financial Trading and Investment Services: First of all, you should know which financial instrument you want to trade and then searching for the right broker. This can be stocks, forex, CFDs, cryptocurrencies or options. FIBO Group offers Online Financial Trading and Investment Services Such as FOREX, Spot Metals, CFDs, Bitcoin.

Tradable Products: The range of financial instruments currently available at Fibo Group includes forex, CFDs, and PAMM. These are available in demo mode or real money mode. There are 60 currency pairs currently supported on the platform including major pairs, minor pairs and exotic currency pairs. With low spreads and leverage as high as 1:1000, clients can enjoy fully supported trading functionality on PC, Mac and mobile devices. Popular currency pairs such as EUR/USD, GBP/USD etc. are available. PAMM extra income options are also available, and CFDs are available too.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. FIBO Group is Broker.

Executing Trades:

FIBO Group allows you to execute a minimum trade of 0.01, 1. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. FIBO Group also offers a number of useful risk management features, such as Negative Balance Protection, price alerts and much more.

Minimum Deposit Requirement: To properly understand if a broker is suitable for a certain trader, we will then take a look at how much is required as a basic minimum to open an account. You need to consider how much money you can spare to start off a Forex brokerage. FIBO Group recommended minimum capital is $300.

Is the Forex broker regulated? Commissions and fees aside, let's take a look at regulation. Trust is critical, and you should highly consider choosing a broker that regulated in a major hub. FIBO Group is regulated by FSC, CySEC, FCA. For our reviews, official regulation of an official financial authoritarian is required. Brokers have to fulfill certain conditions to get these licenses. In order to violate the rules, they would lose their license and a lot of money.

Investor Protection & Regulations: FIBO Group, Ltd has been operational since 1998, and the company’s financial services are fully regulated by CYSEC and the Financial Services Commission (FSC) with license # SIBA/L/14/1063.

Account currencies: Next lets consider the Account currencies each broker offers. FIBO Group offers EUR, USD, GBP, CHF, RUB, BTC, Gold, ETH different account currencies for each account types.

Account Openning: To get started, clients simply need to select an account type. Two options are available – demo account or real account. The requirements for opening a real account include mandatorily biographic information such as first name, last name, email and telephone number. Once the requisite information has been entered, clients can easily proceed through the registration process, fund their account, and start trading Forex.

FIBO Group offers a demo account for practicing trading skills and get familiar with the broker’s trading platform.

Languages Available: Next lets have a look at each broker's different Language options. FIBO Group offers English, Chinese, Farsi, Russian, Spanish, German,.

Payment methods: Next lets have a look at each broker's payment options. FIBO Group offers Credit/Debit Cards, Bafoo, UnionPay, Fasapay, WebMoney, Bank Wire Transfer, Neteller different payment methods for each account types.

Deposit and withdrawal: The Deposit Options include electronic payment systems, bank cards and, bank wire transfer. Bank deposit fees typically range between $35 and $50 with a processing time of 2 – 5 days. With credit cards, there are no commissions and deposits are typically received within several hours. When Paysafecard is used, deposits are received immediately and there are no commissions. Fibo Group also accepts Bitcoin payments and Bitcoin Cash payments. Other options include WebMoney, NETELLER, Skrill, Qiwi Wallet, CashU, FasaPay, DixiPay, PaytDay, Payz, and TVC.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FIBO Group makes MT4, MT5, cTrader available to clients.

Other

Promotions
Unfortunately, FiboGroup does not currently offer any bonuses to new clients.

Support
Customer support is available through several options at this trading brokerage. The easiest way to get in touch with a support representative is LiveChat. Agents are typically available to resolve queries within a minute. The professionalism and service excellence provided by customer support representatives is impressive.

Final Thoughts
Fibo Group is certainly one of the finer forex brokerages on the market. It is a well-established company with global operations, a wide range of assets, and a customer-centric focus.

Trading Experience
Fibo Group platforms are easy-to-use. Whether it’s cTrader, MT4 or MT5, it doesn’t take much effort to get up and running with this forex brokerage in Demo mode, or real money mode.

People Also Asked

Is FIBO Group regulated?
Yes, FIBO Group is regulated by top-tier regulators, FSC, CySEC, FCA inclusive.
Where is FIBO Group based?
FIBO Group is based in , Austria
How does FIBO Group make money?
FIBO Group charges a spread between the bid price and ask price. It does NOT charges a commission.
How do I deposit in FIBO Group account?
With FIBO Group you can deposit money via the following means; Credit Cards, Bafoo, UnionPay, Fasapay, WebMoney, Wire Transfer, Neteller.
How do I withdrawal in FIBO Group account?
FIBO Group lets you request a withdrawal of funds from your account via the following means; Credit Cards, Bafoo, UnionPay, Fasapay, WebMoney,.
What is the minimum deposit for FIBO Group?
FIBO Group has $300 minimum deposit.
What are the available account base currencies with FIBO Group?
FIBO Group trading accounts are offered in EUR, USD, GBP, CHF, RUB, BTC, Gold, ETH. If your country's currency isn't included in the list, you will need to open an account with another currency base.
What is the max leverage in FIBO Group?
FIBO Group has a maximum leverage is 1:1000 for professional traders.
How do I open an account with FIBO Group?
Opening an account with FIBO Group is a three-step process. First fill out the registration form, second is to send verification details to the verification department and lastly is to fund your account.
Does FIBO Group use MetaTrader?
FIBO Group platforms: Yes, FIBO Group use MetaTrader as well as the following platforms: MT4, MT5, cTrader
What type of broker is FIBO Group?
FIBO Group appears to be a Broker broker which offers market access to a variety of traders.
Does FIBO Group accept US clients?
No
Does FIBO Group offers Islamic accounts ?
Yes
What financial instruments can I trade?
You can trade a wide variety of instruments with FIBO Group: You can trade a wide variety of instruments with FIBO Group: FOREX, Spot Metals, CFDs, Bitcoin

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