FIBO Group Review Is FIBO Group Scam or Legit?

FIBO Group Review Is FIBO Group Scam or Legit?


For research purposes, it offers Market Analysis, Forecasts and Economic calendars. The available tools are quite low in comparison with other brokers. Select the withdrawal method of your choice (bank transfer, credit/debit card, e-wallets, or cryptocurrencies). Once the payment is confirmed, the funds will be credited to the trading account. Fibo Group is a multi-asset brokerage firm that has been providing trading services since 1998.

For example, the minimum deposit for the MT4 NDD account is $50, while the minimum deposit for the cTrader account is $50. According to our Fibo Group Review, the broker can be considered a good option for trading CFDs & forex. The broker also offers a variety of educational resources for traders, including webinars, tutorials, and trading guides. FIBO Group provides traders with access to numerous FAQs that will answer several market-related questions, as well as a complete glossary to understand terms used in forex trading. “Forex for beginners” is a detailed page where information is provided on important market information that will help traders gain knowledge and understand the world of forex trading better.

cfd trading

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. Depending on the third-party provider, you might expect some additional charges for withdrawals. Especially due to fast executions, scalping and hedging options and advanced TA tools. Besides, it is available through any web browser or mobile device.

Withdrawal of funds can take several days, which is slower compared to some other forex brokers. FIBO Group is clearly committed to offering its customers a reliable and competitive trading environment. This multi-award-winning company adheres to strict rules and regulations that allow for safe trading practices and the protection of customer funds. Commissions charged on the MT4 NDD, cTrader NDD and MT5 NDD accounts range between 0.003% and 0.005% of the amount per transaction.

Information on Fibo Group Trading Platforms

However, some Fibo Group reviews are raising concerns about procedures. Above all, Fibo Group has thought of Islamic belief customers. With Islamic accounts, traders don’t have overnight swap fees.


NDD also ensures that you can get your trades placed at the best possible market prices with minimal slippage. Fibo group provides forex cfd trading with advantages trading conditions. The team of Fibo group review continuously the needs of each trader in order to improve the services offered.

FIBO Group Forex broker description

FIBO Group Overall Ranking is 7.9 out of 10 based on our testingand compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers. I urged to everyone please avoid this broker if you’re trying to make a profit from this broker you’ll never make the money. Even though your family or colleague says it’s a good broker, they’ll wait for their timing, I promise you they’re real market makers. I asked them again please release my money they said that its the company’s final Decision and had no explanation for what went wrong. For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker.

Minimum spreads range between 0 pips and 2.0 pips, depending on the type of account. Tokenhell is a blockchain & crypto news agency where you can discover news about crypto coins, technical analysis, blockchain events and detailed reviews. None of the information you read on Tokenhell should be regarded as investment advice.

Market makers generally have a lower minimum deposit, lower minimum trade requirements, and no trading commission. FIBO Group accepts deposits via all the most common method like bank transfer, payment cards, and various online payment services like Skrill and Neteller. In addition, it is possible to deposit money with cryptocurrencies Bitcoin and Bitcoin Cash for even greater convenience.

Client support

They have an extensive FAQ page and educational resources to ensure customers make informed decisions. FIBO Group is an excellent choice for those seeking an in-depth and comprehensive educational experience. The courses cover topics such as technical analysis, risk management, fundamental analysis, and more. The company also regularly provides market reviews, updates, and analysis reports. The only cTrader NDD account provides the cTrader trading platforms.

  • FIBO Group has been operating in the Forex industry since 1998.
  • In fact, BVI is offshore with fairly low regulatory requirements and standards towards financial firms.
  • There are plenty of account funding options for everyone to get access to quick and easy methods for making deposits and withdrawals with minimal fuss.
  • Characteristic features of the NDD technology from FIBO Group are a high speed execution of orders, fixed floating spreads and the commission in the amount of $ 20 per million.
  • In order to participate you will have to open a FIBO Group MT4 NDD demo account.

While the first fibo group review offers competitive variable spreads from 0 pips you will need to pay a commission per transaction, making it a great account type for various trading techniques. Overall, our experts find FIBO Group a good and reliable broker with convenient conditions for beginners. offers over 55 currency pairs, gold, silver, bitcoin and other cryptocurrencies for your personal investment and trading options. A minimum deposit of $300 is required to create a live account. Alternatively, Fibo Group provides a demo account that you may use to practise and become acquainted with their platform. MetaTrader 5 platform fully corresponds with the latest international practices of online trading via the NDD technology. traders a chance to choose between three popular and reliable platforms. Traders have access through the cTrader trading platform’s No Dealing Desk , allowing direct trading with international banking institutions. A trading platform facilitates live access to trading markets around the world, usually forex, CFD and futures trading.

It is great to see a broker provide traders with free educational content as it shows they care about them making informed decisions. Such content I have seen being sold for hundreds of not thousands elsewhere. Its various trading platforms include MetaTrader 4 , MetaTrader 5 , and Ctrader platforms. 79% of retail investor accounts lose money when trading CFDs with this provider.

Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets – TechCrunch

Fintech Farm nabs $7.4M to launch neobanks in Nigeria and other emerging markets.

Posted: Thu, 13 Jan 2022 08:00:00 GMT [source]

Orders take, on average, less than one millisecond, allowing you to make transactions with minimum slippage. Finding the best Forex brokers for your needs isn’t the easiest of tasks. However, with the help of the many reviews available it becomes a much easier decision. We have chosen to focus here on a name you may not have heard of. Nevertheless, it’s a brokerage firm which has been in operation for almost two decades. FIBO Group is the name and we’ll start with a little bit of background.

Unfortunately the services of the company are not provided to residents of United Kingdom, North Korea and USA. The full list of countries is available in the documents for clients section. While FIBO Group’s global operations are based out of the British Virgin Island, the company does have an onshore operation in Cyprus, where they are regulated by CySEC. It seems like the company simply doesn’t want to rely on this license due to the restrictive nature of conditions which are imposed on clients. Services are provided throughout Europe, Asia, the MENA and CIS regions. The main exclusion areas of services are Australia, Austria, Belgium, Great Britain, Iraq, North Korea and the USA.

As for the brokerage company FIBO Group, it seems to me that I made the right choice. Otherwise, how to explain that I have such a great desire to trade? This is due not only to the monetary side of this issue, but also to the fact that the company has very attentive and good specialists, real professionals. In general, I wouldn’t say that I regret working with this broker because overall experience is pretty good, and I’m not even planning to turn to anything else.

To get Fibo Group login credentials, you need to open a trading account with them. Once you have opened an account, you will receive your login credentials via email. Yes, Fibo Group is a market maker broker regulated by the FSC . This might lead to hesitation among potential users as they are not sure how the process will pan out further. It would have been better if the broker had mentioned the steps involved in opening the account with some clarity and transparency.