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.
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 HotForex broker review.
HotForex is an award winning forex and commodities broker, providing trading services and facilities to both retail and institutional clients. Through its policy of providing the best possible trading conditions to its clients and allowing both scalpers and traders using expert advisors unrestricted access to its liquidity, HotForex has positioned itself as the forex broker of choice for traders worldwide.
|#||Broker's Features||FIBO GROUP Availability||HOTFOREX 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 Hotforex.
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 Hotforex offers Forex and Spot Metals, CFDs on Commodities, Indice.
Broker Type: Many types of brokers can be found in the most dynamic market in the world. FIBO Group is Broker, while Hotforex is Broker.
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 Hotforex has a Minimum Deposit Requirement of 5.
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 Hotforex regulated by CySEC, FSC, FSB, FCA, BaFin, DFSA. 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 Hotforex offers EUR, USD, PLN 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 Hotforex offers Russian, English, Spanish, Bangladesh, Vietnamese, 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 Hotforex offers Bank Wire Transfer, Credit Cards, WebMoney, Skrill 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 Hotforex offers MT4, MT5, Mobile Trading, iPhone, iPad, Android, W.