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Fibo Group is a forex broker located in the British Virgin Islands, regulated by the BVI Financial Services Commission (BVIFSC).
Fibo Group accepts clients from all over the world, excluding USA, UK, Australia, Belgium, Russia, Iran, North Korea.
Forex broker offers the following underlying assets for trading.
| 35+ Currency Pairs | Based on major and minor world currencies. |
| 9 Crypto Cash CFDs | Based on Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Dash, Litecoin, Ripple, Monero, Zcash. |
| 8 Indice Futures | Based on baskets of different blue-chip stocks and US Dollar Index. |
| 2 Metal Spot CFDs | Based on Gold and Silver. |
| 3 Metal Futures | Based on Gold, Silver and Copper. |
| 4 Energy Futures | Based on Crude Oil (WTI), Heating Oil, Gasoline and Natural Gas. |
| 4 Soft Futures | Based on Corn, Wheat, Soybean, Sugar. |
| 50+ Stock CFDs | Based on shares of top-rated US companies. |
FIBO Group (originally Financial Intermarket Brokerage Online) is one of the oldest online brokers in the industry, set up all the way back in 1998 when online trading was still in its infancy. The broker has won numerous awards over the years, including the ‘Best Standard FOREX Broker’ and ‘Best FOREX broker in Europe’ awards at the Moscow Financial Expo in 2016.
FIBO Group has 6 offices around the world, including in cities like Shanghai and Munich. Its global headquarters is registered in the British Virgin Islands, where it is also regulated by the country's Financial Services Commission. Under current rules, the broker is able to accept traders from most countries in the world, including most EU countries, as clients.
One of the big benefits of trading with an offshore-registered forex broker is the high trading leverage they offer. With FIBO Group, this is also very much the case, with leverage going as high as 1:3,000 on the most liquid trading assets.
FIBO Group offers trading in up to 42 popular currency pairs, as well as CFDs on a long range of other financial assets, including commodities, stock indices, individual stocks, cryptocurrencies, and precious metals. It is really in terms of the selection of CFDs that FIBO Group excels as a broker, offering a lot of different CFDs to trade on. This is a very solid offering compared to what many other brokers in the industry have available.
FIBO Group is currently offering both MetaTrader 4 and 5, as well as the popular cTrader as its platforms. While the MetaTrader platforms should be familiar for most retail traders, cTrader is less known in the industry. cTrader was developed by a British company, and has been designed from the bottom up for ECN (electronic communications network) trading. Some traders also prefer the cTrader platform over MetaTrader, arguing it has a better and more intuitive user interface.
There are a total of 5 different types of trading accounts available to choose from for FIBO Group's clients:
– MT4 Cent Account for small trading accounts
– MT4 Fixed Account with fixed spreads, guaranteed stop-loss, and negative balance protection
– MT4 NDD (“no dealing desk”) No Commission Account with commission-free trading, ideal for short-term trading
– MT4 NDD Account with commissions and tight spreads
– cTrader NDD Account, ideal for short-term trading on the cTrader platform
– cTrader Zero Spread Account, for traders who want to trade with the smallest spreads
– MT5 NDD Account, for trading with small spreads and commissions on the MT5 platform
FIBO Group accepts deposits via all the most common methods like bank transfer, payment cards, and various online payment services like Skrill and Neteller. In addition, it is possible to deposit money with the cryptocurrencies Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH) and XRP via the Bitpay payment system, or directly to the broker's digital wallet in BTC, ETH, RDO, USDT and TRX.
Lastly, the broker's website includes an extensive analysis section that covers all aspects of the market, including detailed analysis and trading ideas for currencies, commodities, and crypto, to help traders stay on top of everything that is moving the markets. Having useful information like this available for traders is always a good sign in our opinion, and shows that the broker is there to help its clients succeed.
My 1 year experience working with fibo. Throughout the last year I did not have that many cons, mostly the pros. I am not completely satisfied with the spreads, they could have been tighter on some of the fx pairs. Withdrawal isn't always as fast as I would like it to be, though I understand that its for the sake of my money's safety.
The platforms the broker supports are fine, both mobile and desktop versions. Also they got a mobile app for market analysis where you can check your balance from time to time. The support team was responsive, had to contact them a couple of times to set up the platform.
Their educational courses are free, you can watch the vids any time. Many traders looses their money on forex, as a rule its their own fault. One should always keep to their strategy it's like driving a bike, keep your eyes open and you be fine. Watch and analyze the market and you end up in profit.
I’ve chosen the No Commission account because I like short-term trading. I can’t trade the whole day so I chose the time comfortable for me. It is especially profitable to trade on big news releases, which are posted on the FIBO app including some analytics in advance. Deposit is fast, the overall process is simple.
