At onlineforextrading.net we have readers-first policy. Thus, we always put our readers' safety as a priority in our business line. We will never just satisfy ourselves with Brokers' public information, however, go in-depth. Often we will also open live and demo accounts and test brokers directly! For the above mentioned, we stand on our toes checking all the ins and outs in a broker’s business history, biography and reputation. The very same standards apply in case of this FIBO Group broker review.
Fibo group forex broker is a part of the international financial and investment holding FIBO Group (Financial Intermarket Brokerage Online Group). On contemporary financial markets fibo group broker is one of the largest and oldest players in online marginal trading services and products. The first company of the Fibogroup holding was established almost twenty years ago in far 1998. From the very beginning of Fibo group operation the broker’s team has always been adhering to the principles of highly transparent conditions and services, to protect the interests of clients and full compliance of observance applicable industry requirement and recommendations of national regulators. Fibo group forex clients, both private and institutional, can be assured that all products, offered by any of the subsidiary within the forex trading group, meet the highest industry standards and are under the regulation of national reputable financial authorities.
FX Primus is an award-winning international broker that offers more than just forex trading. The firm is established in the Republic of Mauritius and is regulated by the Financial Services Commission of New Zealand. FX Primus is a retail broker that offer expanded services such as white label and concierge accounts, marketing and even back office support for individuals who want to approach trading as a business.
In addition to forex, FX Primus also offers trading in contract for differences (CFD) instruments such as precious metals, energies, financial index products, and even equity securities that trade on the New York, NASDAQ and Hong Kong markets. Traders can choose between fixed and variable spreads that are competitive with those offered by other retail brokers. Premier spreads are similar to those enjoyed by institutional traders who are on Electronic Communication Networks, and they are available to FX Primus traders whose accounts reflect a certain balance and levels of trading activity.
|#||Broker's Features||FIBO GROUP Availability||FXPRIMUS Availability|
|#||Accepts US traders||❌||❌|
|#||24 hour trading||✔||❌|
|#||Trading by phone||❌||❌|
|#||1st deposit bonus||❌||❌|
|#||Forex contests competitions||❌||❌|
|#||Interest charges on the balance||❌||❌|
|#||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 compare FIBO Group vs Fxprimus.
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, while Fxprimus offers Commodities, Metals, Oil, Gold, Indices.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FIBO Group is Broker, while Fxprimus is STP.
Minimum Deposit Requirement: To compare these two FX brokers, 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 N/A, while Fxprimus has a Minimum Deposit Requirement of .
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, while Fxprimus regulated by CySEC. 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.
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, while Fxprimus offers USD, EUR, GBP, AUD, SGD account currencies.
Languages Available: Next lets have a look at each broker's different Language options. FIBO Group offers English, Chinese, Farsi, Russian, Spanish, German,, while Fxprimus offers English, French, Spanish, German, Russian, Italian Customer Support Languages.
Payment methods: Next lets have a look at each broker's payment options. FIBO Group offers Credit Cards, Bafoo, UnionPay, Fasapay, WebMoney, different payment methods for each account types, while Fxprimus offers Bankwire, Moneybookers payment methods.
Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, FIBO Group makes MetaTrader 4/5, cTrader available to clients, while Fxprimus offers MetaTrader4, FXPRIMUS WebTrader, iPhone, iPad.
There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.
Objectively, FIBO Group is more reliable based on our criteria above. Only FIBO Group offers demo account, allowing you to test their platform to see which is suitable for you. Regulations play a huge role in protecting the traders/investors interest as they compel the financial service providers such as forex brokers to act in a fair and ethical manner. FIBO Group broker is regulated in more major hubs. FIBO Group offers a wider range of Account currencies. Why does base currencies matter? Because if you fund your account in the same currency as your bank account, currency conversion fees won't be charged. Customer service in your national language might not be a major concern for traders based in English-speaking countries, but it is a defining requirement for traders from other regions such as Asia and South America. FIBO Group has a wider range of languages in which customer service is offered making the broker more accessible. One of the criteria we looked at before opening an account on a forex broker is the minimum deposit amount. FIBO Group broker offers lower minimum deposit requirement. Only FIBO Group provides training and education resources which is extremely critical to beginner traders who may not be familiar with most of what goes on in the Forex markets.
Finally, if you're really not sure you can always use our free tool (takes 15 seconds) that will help you find a suitable Personalised Broker based on your precise requirements here.