FIBO Group Review – is FIBO Group Scam or Legit Broker?

Fibo Group

2.9

Rating

2.9/5

Pros

  • FSC and CYSEC
  • Award-Winning Brokerage
  • Demo Trading Account
  • 60 Currency Pairs
  • Multiple Platforms such as cTrader, MT4 and MT5

Cons

  • No USA Traders
  • No Bonuses
  • Limited Trading Instruments

Fibo Group is a top supplier of Forex Currency Trading at the United Kingdom, also around continental Europe. FIBO Group, Ltd is operational after all 1998, and also the provider ‘s financial services are wholly governed by CYSEC and the Financial Services Commission (FSC) using permit # SIBA/L/14/1063. This recognized forex currency and CFD trading broker now boasts 4 best trading platforms, multiple deposit options, and a vast assortment of automated trading purposes.
With surgeries available all through East Asia, Central Asia, and Europe, this award-winning brokerage provides competitive spreads, higher leverage up to 1:1000, and around 60 money pairs. Fibo Group is specially tailored to customers on PC, Mac, Android and iOS apparatus. Using demonstration trading and real currency trading options readily available, it’s quick and simple to obtain going using Fibo Group services.

Overview/ desktop

Fibo Group a.k.a. Financial Intermarket Brokerage Online Group features a decades-old background of fiscal trading products and services. The business was founded 20 years before, in 1998. The brains anticipate Fibo Group espouses integrity, transparency, and security, in compliance with the strictest standards within the business. The organization and its subsidiaries operate under the auspices of federal regulators. Fibo Group is completely accredited by numerous jurisdictions, and now holds the next certification: Certificate of Incorporation, Certificate of Good Standing, Financial Institutions Professional Indemnity Insurance, Financial Institutions Directors & Officers Insurance, and Investment Business License.

The Fibo Group has been rated the Best CFD Broker at the Forex Expo in 2011, and also the Best Forex Execution House Russia & CIS 2012, by Global Banking & Finance Review. The Business ‘s offices have been dispersed across the world, from Limassol, Munich, Kyiv, Almaty, Shanghai, Vienna, and Singapore. A vast assortment of stock management services will be now available, for example balanced direction, competitive direction, and unique direction. Investment strategists have trapped goal benefit proportions to each tactical stock management aim. One of the countless features showcased at Fibo Group are trackable focus, exceptional methodologies, successful trading strategies, customisation of accounts, loss limits, and also investment amounts beginning at $50,000.

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Account Types

Fibo Group delivers several kinds of trading account to customers. These Are the following options:

  • MetaTrader 4 NDD (no coping desk)
  • MetaTrader 4 CENT
  • MetaTrader 4 NDD (No Dealing Desk No Commission)
  • MetaTrader 4 Fixed
  • MetaTrader 5 NDD (No Dealing Desk)
  • cTrader NDD (No Dealing Desk)

MT4 Cent is created for forex traders. It’s also ideal to customers that don’t have a lot of money available for investing in Forex. The calculations are denominated in cents, and it is ideally suited to traders with trading bots under real store conditions. The minimum deposit is $0.00.

MT4 Fixed allows for instant execution of trades, and is best for manual trading purposes. By testing out different types of tactics and strategies, MT4 Fixed is ideally suited to strategic trading where fundamental analysis and charting features come into play. The minimum deposit is $300.

MT4 NDD No Commission accounts allow for business activity with big-name liquidity providers. The fact that there are no fees and low spreads makes it a lot of more beneficial to trade with this type of MetaTrader 4 account. The minimum deposit is $300.

MT4 NDD is the no dealing desk option available to forex traders who enjoy intraday trading activity. These types of accounts are associated with no re-quotes, minimal floating spreads and rapid executions of orders. It is best suited to scalpers and bots. The minimum deposit is $300.

cTrader NDD accounts are also ideally suited to short-term traders. These types of accounts have deep liquidity with top banks, offer no re-quotes and feature instant store execution. There are extensive analytical capabilities such as charting, graphs and other fundamental analysis. The minimum deposit is $100.

With MT5 NDD, this no dealing desk account has a minimum deposit requirement of $500, and leverage of 1:100. There are 42 currency pairs available with this account.

Trading Platform/ software

The Trading Platforms include MetaTrader 4, cTrader, and MetaTrader 5.

MT4 – is compatible with web terminals, Android and iOS devices, and Windows computers. This universally popular trading platform features 50 technical indicators, automated trading capabilities, wide-ranging trading orders, and instant execution. It also has 128-bit encryption technology and electronic signature verification.

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cTrader – is a forex trading platform with no dealing desk technology. It is ideal for trading several accounts. There are 14 supported languages on the platform, and a full suite of technical analysis tools is available. Traders can also conceive their own indicators and enjoy rapid processing of orders too.

MetaTrader 5 – this is the upgraded version of MetaTrader 4, and it features all trading functionality in one trading platform. There are extensive analytical opportunities available and 4 order execution types for spot metals, and currency pairs.

Deposit options

The Deposit Options include electronic payment systems, bank cards and, bank wire transfer. Bank deposit fees typically range medially $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.

Markets

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, USD/CAD, USD/JPY, USD/CHF, EUR/JPY, EUR/GBP, and AUD/USD are available. PAMM extra income options are also available, and CFDs are available too.

Bonuses

Our forex consultants contacted the customer service team via live chat. Unfortunately, FiboGroup does not currently offer any bonuses to new clients.

Customer Support

Customer support is available through several options at this trading brokerage. The easiest way to obtain 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.

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A dedicated FAQ section is also available to clients, partners, and investors. The client FAQ provides plenty of assistance on all aspects of trading including trading platforms, trading software, number of accounts, trading terms and glossary, charges, trading history, and expert advisors/robots.

The telephone number is 43-1-346-999-9009. The client services team is adept at handling queries, and they provide satisfactory responses on a range of topics including technical, banking, registration, and trading issues. Services also available in multiple languages including English, French, Italian, Russian, Turkish, Chinese, Polish and others.

Safety

Safety is a #1 priority at this forex brokerage. This is evident in the extensive licensing and regulation, and compliance standards at the company. Fibo Group has been operational after all 1998, and has an established reputation as a safe, secure and reliable broker. With thousands of global customers, and offices in the British Virgin Islands and Cyprus, this company conforms to all the legal requirements as mandated by the Investor Compensation Fund, and the Cyprus Securities and Exchange Commission. The company is also regulated by the Financial Services Commission of the British Virgin Islands.

Ease of Use

Fibo Group platforms are easy-to-use. Whether it’s cTrader, MT4 or MT5, it doesn’t require a lot of hard work to obtain fully up and running with this specific forex brokerage in Demo mode, or even real cash manner. To obtain going, customers just must choose an account form. Two options are obtained – demo accounts or real consideration. Certain need for opening up a true account comprise mandatorily biographic details such as before all else name, last name, email and cell phone number. Once the necessity information was entered, customers can very quickly go throughout the enrollment process, finance their accounts, and begin trading Forex.

Final Thoughts

Fibo Group is absolutely among the nicer forex brokerages available on the store. It’s a home-based business with worldwide operations, a vast array of shares, and also a customer-centric focus.

Internet Site:
www.fibogroup.com
Telephone:
43-1-346-999-9009
Legislation:
FSC, MiFID, FCA
Pairs provided:
Significant pairs, including Minor pairs, Exotic pairs.
Minimum Deposit:
No Minimum
Spreads From:
0.3 PIPs
Max Leverage:
1000:1
Markets:
Forex, CFDs