Fibo Group Review 2023: Scam Or Safe? Detailed Overview

Most of the variations revolve around the MT4 platform which is most likely a popular choice for their clients. First, there is the MT4 Cent Account, which is for micro trading with very small investments, there is no minimum deposit on this account type. Second, the MT4 Fixed account is a fixed spread account which doesn’t charge any commissions.

I have no idea about how traders like to be treated, but I feel quite upset, disappointed and dissatisfied FIBO is the only responsible. Fibo group is the LP of it self – for this reason it has cancelled my profits from ctrader .. And for this reason it can have Ctrader only with BVI and not with Cysec. I have lost more than $ in Fibogroup forex Broker in 28 feb 2020, because they reduced my leverage from 1.100 to 1.50 in MT4 platform & 1.100 to 1.33 in cTrader platform at the end of the week. ● if you’re a profitable trader then don’t go with this broker.

There are lots of payment options with a small minimum deposit of just $1 and free demo accounts. FIBO Group is an online brokerage that has been providing Forex and CFD trading online since 1998. They give you easy market access via the popular MetaTrader platforms and the powerful cTrader platforms for all of your devices. You can seamlessly manage your account from your desktop, web and mobile phone.

On the positive side, Fibo Group trading company offers a wide range of trading options. Whether you are looking for a more advanced cTrader or industry-standard MT5, you got it. Meanwhile, the broker’s fees and charges are competitive and transparent. Overall, Fibo Group is a suitable broker for traders looking to trade forex and CFDs on commodities and indices. The broker does not offer any educational section for its traders and investors. No ebooks, webinars, blogs, VODs, or courses are available.

Trading Conditions

I think they can be a decent choice of anyone looking to primarily trade forex but other traders might want to consider an alternative. You can choose from the MetaTrader 4, MetaTrader 5 and cTrader platforms. I personally use the MetaTrader platforms as they were the first platforms that I became accustomed to and have never felt the need to switch to anything else. I find them very user-friendly, making analysing the charts and placing trades a breeze.

This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. Investors’ funds are also protected by FIBO’s membership of the Investors Compensation Fund . Though FIBO is a well-capitalized broker, the ICF ensures that investors have some protection if in future the broker goes bankrupt. If that happens, the ICF can pay compensations to eligible FIBO Group clients.

• And of course, webinars which are conducted very often, for beginner traders – I recommend, although for those with experience too.
• Thank you for sharing your experience trading with us, Zed!
• The broker does not offer any educational section for its traders and investors.
• They strive to offer helpful and accurate advice and solutions to help customers make the most of their trading experience.
• For the first and second times there were slight delays, then everything went on smoothly.

If you find that they cannot accept your country for whatever reason, then please feel free to browse our broker reviews for another option. Finally, we’ve listed some of the popular funding methods that Fibo Group offers its traders below. Fibo Group also offers a number of useful risk management features, such as stop losses , limit orders negative balance protection price alerts and much more. You can see all of the account features offered by Fibo Group here. As you can see, the minimum spread for trading EUR/USD at Fibo Group is 0.3 pips, which is relatively low when compared to the average EUR/USD spread of 0.70 pips. The table below compares the costs of trading one lot of EUR/USD with Fibo Group to similar brokers.

Traders Reviews

Software customized for MT4 will not run correctly in MT5 and vice-versa. I think MT4 is great if you are just trading forex but you may prefer MT5 if you want to branch out into other asset classes. In addition to Ctrader, the popular and regular platforms of the forex market, Metatrader 4 and 5 can also be used for you. As you know, Metatrader 5 uses a relatively new architecture compared to its previous version and has more flexibility in coding and expert writing. This platform also has the ability to use the NDD mechanism, just like CTrader.

We have over 20 years of fibo group review when it comes to trading online so we know what to look for. When choosing a broker, regulation is one of the most important things to consider. I would always prefer to use a regulated broker as they can provide protection in the case something was to go wrong. I am therefore pleased to see that FIBO Group is regulated, just make sure that you understand not all regulations are the same. They will each have different rules and procedures, which can differ depending on the entity that you decide to open an account with.

It wasn’t until 2003 that internet trading in the Forex market was added as a service. Based on our Fibo Group review 2023, we can conclude that the broker is a legitimate and reputable brokerage firm that offers an extensive range of trading instruments. Most brokers provide research tools to assist traders with researching the markets they are interested in, helping to make informed trading decisions while minimising the risks involved. As with regular stocks, ETFs (Exchange-traded Funds) is an investment fund which is traded on stock markets. It holds assets (bonds, commodities, stocks etc.) and can be traded like regular stocks. Traders can choose between a wide selection of market instruments.

It includes the Umstel trading strategy which provides direct access to the US stock exchange. Trading Idea strategies should give you an advantage when trading on over the counter and exchange markets. Furthermore, the broker does not provide information about the availability of their telephone support, leaving clients uncertain about when they can contact customer service.

my one of the first fx broker

The company is dedicated to providing a secure and fair trading environment for all of its customers, and its headquarters are located in London, UK. Forex trading involves significant risk, including the risk of a complete loss of your invested funds. Therefore, we always remind that such trading is not suitable for all investors and traders. Also, if a technical error arises on the Company’s side, we are always ready to consider the issue of compensation for losses incurred by the Client, if any. And, of course, the Client always has the opportunity to withdraw funds from his accounts.

We are continually striving to provide high quality services, so your feedback is much appreciated, Jack! We value each of our clients and look forward to your successful trading with us. Honestly, I did not think that someday I would be engaged in trading. I have a mindset far from analytical and I don’t like anything related to charts at all, or rather I didn’t like it exactly 5 years ago. I could not even imagine that I would not only trade in a brokerage company, but that I would also want to do it and it would be pleasant for me. It seems that with age, the tastes and preferences of people change by 180 degrees.

Not to mention, you can download an almost endless number of add-ons for the platforms and even programme your own. That being said, it is good to see that the broker has included some additional tools to help enhance the overall trading experience so that you can get the most out of your trades. The MT5 trading platform was designed by the same MetaQuotes Software Corp. MT5 was designed with additional trading tools and features to improve the already vast range of features implemented within the MT4 platform. The interface and apps look very similar and the two platforms are user friendly and fully customisable. Both support custom extensions and automated trading using expert advisors .

Forex time cycles analysis

However, I also understand that managed accounts can be a great solution for those who do not have the time nor knowledge to trade by themselves. The PAMM manager trades on behalf of the investors with absolutely no guarantee of profitability. Historical PAMM performance is also no guarantee of future performance. MetaTrader 4 is one of the most popular CFD and FOREX trading platforms in the world. Thousands of traders pay tribute to this user-friendly and useful software. To start trading with Fibo Group, you need to open a trading account, fund your account, download and install the trading platform, and start trading.

Spreads and commissions are payable on all trading accounts apart from the MT4 NDD no commission account. Spreads for this account can be wider and start from a minimum of 0.8 pips. Commission payable is based on 0.003% of the transaction amount, but are a little different for the MT5 NDD trading account. FIBO Group has been operating in the Forex industry since 1998.

From its inception, the broker always adheres to the principles of transparent activities, with the protection of the interests and strict compliance to observe laws. ForexPeaceArmy.com has advertising and affiliate relationships with some of the companies mentioned on this site and may be compensated if readers follow links and sign up. We are committed to the fair handling of reviews and posts regardless of such relations.

Fibo Group https://traderoom.info/s a wide range of languages including English, French, German, Chinese, Farsi, Spanish, Indonesian and Russian. Like most brokers, Fibo Group takes a fee from the spread, which is the difference between the buy and sell price of an instrument. MetaTrader 4 is provided with an in-built programming language, MQL , allowing a trader to create own indicators and experts, and test them on historical data. We use dedicated people and clever technology to safeguard our platform.

• The MT4, MT5, and cTrader platforms offer advanced charting, analytical tools, market news, and real-time quotes also push notifications.
• In protecting clients’ funds, Fibo Group has taken different measures, including placing clients’ funds in different bank accounts with legal banks.
• According to the broker, they don’t offer bonuses to their clients.
• Having passion for writing, he covers news articles from blockchain to cryptocurrency.
• Also, you should note that depending on the conditions and method of payment you use, there are some fees may be waived.

With a global presence in over 120 countries, the brokerage group has built a reputation as a reliable and trustworthy broker over the years. If you’re considering trading with this broker, it’s worth reading a comprehensive Fibo Group Review to get insights into its services. Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital. FIBO Group customers can request deposits or withdrawals on the company’s website.