Compare forex brokers XM VS Fibo Group

If you're choosing between XM and Fibo Group forex brokers, we've compared hundreds of data points side-by-side to make finding the right broker for you easier. Is XM better than Fibo Group? After assessing the two forex brokers on nearly 50 different variables, we would be able to get into an informed conclusion.

XM VS FIBO GROUP

FIBO Group
FIBO Group Overview

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.

XM
XM Overview

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 XM broker review.

XM.COM is a trading name of Trading Point Holdings Ltd, which wholly owns Trading Point of Financial Instruments Ltd (Cyprus) and Trading Point of Financial Instruments Pty Ltd. (Australia). Our clients benefit from direct access to the financial markets in over 300 financial instruments including forex, equity indices, precious metals, cryptocurrencies and energies, with transparent real-time pricing, lowest spreads, and flexible leverage.

# Broker's Features XM Availability 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 compare XM vs 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. XM offers Online Financial Trading and Investment Services Such as Forex, CFD, bitcoin, stocks, indices, commodities,, while Fibo Group offers FOREX, Spot Metals, CFDs, Bitcoin.

Broker Type: Many types of brokers can be found in the most dynamic market in the world. XM is Broker, while Fibo Group 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. XM recommended minimum capital is 5, while Fibo Group has a Minimum Deposit Requirement of N/A.

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. XM is regulated by ASIC, CySEC, IFSC, while Fibo Group 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.

Account currencies: Next lets consider the Account currencies each broker offers. XM offers EUR, USD, GBP, JPY, CHF, HUF, PLN, RUB, SGD, ZAR, different account currencies for each account types, while Fibo Group offers EUR, USD, GBP, CHF, RUB, BTC, Gold, ETH account currencies.

Languages Available: Next lets have a look at each broker's different Language options. XM offers Arabic, Chinese, English, French, German, Greek, I, while Fibo Group offers English, Chinese, Farsi, Russian, Spanish, German, Customer Support Languages.

Payment methods: Next lets have a look at each broker's payment options. XM offers Credit Cards, Netteler, Skrill, Klarna, Przelewy 2 different payment methods for each account types, while Fibo Group offers Credit Cards, Bafoo, UnionPay, Fasapay, WebMoney, payment methods.

Trading platforms: Next, let's look at the tools and features fx traders desire. With trading platforms, XM makes Metatrader4/5, XM Webtrader available to clients, while Fibo Group offers MetaTrader 4/5, cTrader.

The Verdict: XM or Fibo Group?

There’s no such thing as a perfect broker, but some are going to be a better fit for you than others.

Objectively, XM is more reliable based on our criteria above. XM 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.

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.