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. FIBO Group has a rich trading brokerage experience that enabled the firm to develop optimal trading account offerings with the best trading conditions. The available trading platforms also provide traders with options as they consider their trading preferences and strategies.

It also allows users to select the method of profit distribution between different accounts. FxScouts Group’s primary mission to provide unbiased and objective reviews, commentary, and analysis. While some data https://traderoom.info/fibo-overview/ may be verified by industry participants, FxScouts maintains full editorial independence and never allows third parties any control over our work. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by FxScouts Group, nor shall it bias influence our reviews, analysis, and opinions. Managed accounts are great for beginner traders who have limited experience with trading.

FIBO Group fees compared to XM fees

Overall, this is disappointing for beginner traders finding their footing in the forex trading space. FIBO Group offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM.

Some of its accolades include Best Standard Forex Broker, Best Forex Broker in Europe, Best PAMM Service Broker, and Best Analytic Support Service, all presented at the Moscow Financial Expo 2016. FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. We tried the call-back service, but to date have not received a call back.

Deposit Insurance

FIBO Group offers forex, CFDs, Spot Metals, and Cryptocurrency trading. It also has NDD (No Dealing Desk) order execution technology accounts and many others. This site was created for people interested in learning digital options, cryptocurrencies, Forex, CFD, ETF, OTN, and ICO and, of course, how not to fall for the bait of unscrupulous trading platforms. Here you can find a lot of useful information about brokers, strategies, and the latest news from the world of online investment possibilities and many other interesting topics.

Metals

1. Interestingly, the broker also accepts crypto deposits from BlockChain.com (formerly BlockChain.info) as well as in Bitcoin.
2. FIBO Group is also among the brokerage services with award-winning offerings.
3. FIBO Group secured licenses from different jurisdictions of its global sites.
4. Except for the already mentioned asset classes of Forex, cryptos, indices, and commodities, there are 20 futures available on FIBO Group platforms.
5. CFDs are only available for trading in the MT4 type accounts, except the MT4 Cent Account.

Customer support is based in Cyprus, but there are dedicated lines and email addresses listed on the FIBO Group’s website allowing communication with their offices in Shanghai, Singapore, and Limassol. Here you will be given the opportunity to grasp the essence of the world of trading and investment activities, and finally start to earn from them (but it is only in the case if you have a desire to learn). It is important to note, however, that depending on the financial instrument transacted, a weekly fee of $25 or $100 per lot will be applicable.

1. Fibo group reviews found on various thematic forums prove that the broker is in much demand in the international currency traders community.
2. Fibo does indeed offer the cTrader platform as well as MetaTrader 4 and MetaTrader 5.
3. Additionally, all client funds are on segregated bank accounts, meaning the broker can not touch client money to use for its own purposes, which is a nice security feature.
4. The playlist curated by FIBO Group comprises excellent video primers, perfect for new traders to get started.
5. The complete name of the broker is Financial Intermarket Brokerage Online Group.
6. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool.

For more information regarding prohibited countries, it is best to consult with FiboGroup’s customer support, available via live chat, email and phone call. The broker aims to offer services internationally through two entities. One which is positioned for European clients and is regulated and is governed by the Cyprus Securities and Exchange Commission (CySEC), known as FIBO Europe. The other entity is regulated by the Financial Services Commission (FSC) of the British Virgin Islands (BVI), known as FIBO Global. FIBO Europe does not offer cTrader, MetaTrader 5 or accept retail clients. International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is one of the oldest players in marginal internet trading.

Commission payable is based on 0.003% of the transaction amount, but are a little different for the MT5 NDD trading account. This company represents major financial market products from Forex, Spot Metals and Stocks through various trading platforms with secure and fast performance systems. This brokerage offers suitable trading services to traders with transparent policy to traders with any trading preferences and skills. Using the MT4 android, traders are guaranteed ease of use as it features certain functionalities such as offline mode, online interactive charts with zoom and scroll options, and technical indicators. The same is true for MT4 for iPad and iPhone devices plus some more features including complete trading history, all types of execution mode, and direct trading from the chart.

From personal experience and observation, I confidently recommend FIBO Group to those seeking premium trading services. However, it’s crucial that you conduct your own due diligence to ensure their offerings align with your unique trading requirements. We earn commissions from some affiliate partners at no extra cost to users (partners are listed on our ‘About Us’ page in the ‘Partners’ section). Despite these affiliations, our content remains unbiased and independent. We generate revenue through banner advertising and affiliate partnerships, which do not influence our impartial reviews or content integrity.

For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made. The trading costs on FIBO Group’s accounts are around the average seen at other brokers.

British traders will be trading under the FIBO Group entity regulated by the Cyprus Securities and Exchange Commission (CySEC). It turns out that the broker is not as ideal as he would like to be. The fact of “faking” quotes, of course, is very difficult to prove, so we cannot assert it for sure, but in any case this information spoils the impression about the provider.

Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading. Ida is a financial writer with a degree in Digital Marketing and a strong background in content writing and SEO.