Our FIBO Group Review
FIBOGroup is a well-established brokerage firm, was established in 1998. The broker headquarter is located in Austria and have multiple office locations in different countries.
Nowadays, FIBOGroup is a giant company in the financial trading industries. The broker offers CFDs and forex trading fairly. As your research, it is a multi-award-winning broker and one of the oldest broker in this industry.
They maintain transparent activities and follow high international standards acts. As per the license and regulation they don’t provide service in Iraq, Australia, United States, North Korea, Great Britain, Austria, and Belgium.
Though the company was founded in 1998, they started their brokerage service in 2003. It was started its journey in Russia in 2005. After started the journey in Russia, in 2011 it has been taking 4th place in Russia’s largest brokerage service. Currently, they have more than 35 000 retail customers.
FIBO Group Trust and Regulation
As already mentioned above the FIBOGroup is one of the oldest brokerage firms. International Financial Holding FIBO Group is regulated under many jurisdictions in many countries. They offer their service across the world with offices in Asia, Central and Europe. Specifically, the offices are located in Kiev, Limassol, Singapore, Vienna, Almaty, Limassol, Munich, and Astana.
FIBOGroup is regulated by the CySEC (Cyprus Securities and Exchange Commission) under registration number SIBA/L/13/1063 and FSC (Financial Services Commission) in the British Virgin Islands.
FONTEN CORPORATION LIMITED is registered in Suite 925a, Block 8/9, Europort, Gibraltar. The company registered number is 94046.
Fibo Group Review of Pro and Cons
Pros
One of the well-set and oldest brokers.
Multilingual support and multiple offices with registration.
Multi-award-winning company.
Wide ranges of trading instruments options.
Work as NDD (No Dealing Desk) module.
Cons
Doesn’t support the USA and Australia clients.
Limited educational resources.
Trading Account types
FIBOGroup offers its clients a variety of accounts. These are the following MT4 cent account, MT4 fixed account, MT4 NDD account, MT4 NDD account (commission Free), mt5 NDD account, and the cTrader NDD account. Each account has a different condition and features such as commission, trading platforms, spread, trading instruments, etc. Here we mentioned some accounts with features:
The Mt4 Cent Account
The account is special for beginners. Most novice traders want to start with a minimum amount of funds, so it specially made for beginner traders. It offers the following features:
The minimum spread starts from 0.6 pips.
It offers commissions free trading, which is special for beginners.
The account opening default currency is the US cents.
The maximum leverage allows to take up to 1000.
The most interesting and excellent is no condition of minimum deposit. Traders should make a deposit as their wish.
The Mt4 Fixed Account
This account is special for manual trading and provides the fastest trade execution ever. It offers the following features:
The account opening minimum deposit is required $300.
The minimum spread is 2 pips and offers fixed spread.
It also offers commission-free trading.
The maximum leverage allows to take up to 1:2000.
The base currency upgrades here US dollar from the US Cent. Also, GBP, EUR, and other currencies are available.
The Mt4 NDD Account
NDD (No Dealing Desk) account is preferable for scalping traders. It offers the following features:
The accounts opening minimum deposit is required $300.
The minimum lot of 0.01.
The minimum spread starts from 0 pips.
It charges a commission at 0.003% of the transaction amount.
The maximum leverage allows to take up to 1:4000.
Multiple currencies are available to select a base currency.
Account
As the name, it suggests a commission-free account.
The account opening minimum deposit is required $50 only.
The minimum spread is 0.8 pips and Low floating spreads.
The maximum leverage allows to take up to 1:400.
32 currencies available for trading.
The MT5 Account
The account offers an MT5 trading platform, suitable for scalper and automated trading lover.
The account minimum deposit is higher than others, you need $1000.
The maximum leverage is 400 and 100 for metal.
The minimum spread is 0 and offers 42 currencies.
The cTrader NDD Account
cTrader is a flexible and advanced trading platform. This account is unique for the platform and different from other all accounts. It offers the following features
The minimum deposit is $50.
The minimum spread is 0 and offers 41 currencies.
The maximum leverage is 100.
Trading platforms
FIBOGroup offers MQL language-based MetaTrader platform MT4 and MT5. Also, their own cTrader platform. Already we mentioned above which account offers which platforms.
The only cTrader NDD account provides the cTrader trading platforms. All platforms are user friendly and reliable for trading. You can use any of these from PC and Mobile devices also available web trading terminal.
The MT4, MT5, and cTrader platforms offer advanced charting, analytical tools, market news, and real-time quotes also push notifications.
Deposit and Withdrawal Options
FIBOGroup offers a variety of payment options. Traders are eligible to use master cards, credit cards, debit cards, Neteller, CashU, RegularPay, FasaPay. Payz, PaySafeCard, PerfectMoney, cryptocurrencies, Skrill WebMoney, and bank wire transfers.
All details complete information’s available in the Client Area. Some options are free for deposit and withdrawal and some take a little bit of charge. The minimum amount of funding is $1 and the minimum withdrawal is $80. The transaction time is depending on the payment options. It can take up to three to five working days for a transaction.
Client support
The broker offers 24/5 support in multiple languages. The website is available in different languages including Deutsch, Polski, Українська, فارسی, Bahasa Indonesia, Italiano, Español, Português, 中文, Tiếng Việt, ภาษาไทย, Melayu, Türkçe, and Русский.
The support is available via phone at +44 (845) 09-50-118 (global), email, live chat, and fax.
Almaty
PHONE:
- +7 (727) 327-28-78
- +7 (727) 311-01-94
- +7 (727) 311-01-80
- 8 800 08-05-777 (Toll-free call on the territory of Kazakhstan)
- E-MAIL: [email protected]
Limassol
- PHONE: +357 25 030 930
- E-MAIL: [email protected]
Munich
- PHONE: 0800 183 0761
- E-MAIL: [email protected]
Shanghai
- PHONE: 400-155-7215 and 13247370937 (Free calls within China).
- E-MAIL: [email protected].