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FIBO Group

5.4
Total score

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Fibo Group broker, founded in 1998, is one of the oldest participants of the Forex market and an international financial holding company. The company has earned a reputation of a reliable provider of trading and investment services, which is confirmed by many prestigious awards. Among the broker’s notable achievements are the “Best ECN Broker” award at Forex EXPO 2014 and recognition as “Best European Broker 2016” according to Moscow Financial EXPO. Fibo Group is FSC licensed (SIBA/L/13/1063) and registered in the jurisdiction of the British Virgin Islands.

  • Account currency

    USD, EUR, GBP, CHF, RUB, BTC, ETH, RFC

  • Minimum deposit

    From $1

  • Leverage

    Up to 1:1000

  • Spread

    From 0-2.0 points

  • Instruments

    Currencies, CFDs, spot metals, cryptocurrencies

  • Margin call / Stop out

    20%, 50%

Pros

  • Diversity of trading platforms: the company provides a wide range of trading terminals, including mobile versions, which provides convenience and flexibility in the choice of trading environment for clients.
  • Round-the-clock support: FiboGroup guarantees continuous technical support, providing uninterrupted assistance to its customers at any time of the day or night.
  • Extensive choice of currency pairs: the broker offers trading on more than 60 currency pairs, which gives traders the opportunity to work on a variety of financial markets.

Minuses

  • Penalties for early withdrawal from PAMM accounts: clients may face financial penalties for early withdrawal of investments from PAMM accounts, which may limit their flexibility in managing their own funds.
  • Support delays: despite 24/7 support, response times can be up to 12 hours or more, which can cause inconvenience when you urgently need to resolve issues.
  • Limited bonuses and promotions: FiboGroup's rewards and special offers program is considered modest compared to other brokers, which may reduce its appeal to traders looking for additional benefits.
  • High minimum deposit: the initial threshold for opening an account can be high, making access to trading difficult for beginners or traders with limited financial resources.
  • High spreads on less popular instruments: traders in non-mainstream assets may face higher trading costs due to increased spreads.

Customer geography

  • Russia
    60.5%
  • Ukraine
    26.6%
  • Kazakhstan
    6.5%
  • Belarus
    1.7%
  • Kyrgyzstan
    1.5%
  • U.S.
    1%
  • Azerbaijan
    0.33%
  • Germany
    0.27%
  • Uzbekistan
    0.12%
  • Poland
    0.1%
  • Others
    1.38%

Expert evaluation

Sarah Miller
Financial analyst, expert

Fibo Group has been a participant of the financial market for more than two decades, having established itself as a broker with a high level of reliability. Over the years, the company has received many prestigious awards, which confirms its professionalism in trading. Despite the widespread recognition, Fibo Group also faces some negative reviews, although the overall reputation of the company remains predominantly positive.

Fibo Group offers a diverse range of trading accounts, including cent and NDD accounts, which meets the needs of different categories of traders. Especially worth noting is the broker’s PAMM platform, which, thanks to a well-thought-out rating system, provides an opportunity to choose a manager based on objective indicators of their performance.

Focused on professionals, Fibo Group offers high-tech tools for those who are looking for advanced trading opportunities. The company’s website is concise and user-friendly, making it easy to find the information you need.

Since 2015, the company has been actively cooperating with MOFT and no serious complaints from traders have been registered during the partnership, which demonstrates the stability and reliability of Fibo Group as a partner. Fibo Group continues to be faithful to its commitments to its clients, ensuring quality performance of all financial operations.

Analysis

5.4
Overall score
5.19
Order execution
5.61
Investment instruments
5.25
Withdrawal speed
5.55
Customer support performance
5.03
Number of instruments
5.77
Trading platform
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Ribeit

Thanks to cooperation with MOFT rebate service, you can significantly reduce trading costs when working with Fibo Group. To do this, you need to register for free on the MOFT website and open a trading account with Fibo Group using the Association’s referral link. It is important to note that compensation is provided for both profitable and losing trades, and is accrued regardless of whether you trade independently or use signals for automated trading.

Compensation Information:

  • MT4 Fixed: Compensation amount varies from 0.6 to 1.2 pips depending on the trading volume.
  • Contracts for Difference (CFDs): Compensation is $3 per 1 lot.
  • MT4 NDD and cTrader NDD: Compensation is 15% of the commission amount.

Example of rebate calculation: Suppose you trade 1 lot per day. 1 lot for EUR/USD is 100,000 units of the base currency. The pip cost for 1 lot is 10 USD and the spread is 2 pips. If you were to work directly with Fibo Group, your daily spread cost would be 20 USD. However, by using the MT4 Fixed account through MOFT, you are compensated at 1.2 pips per lot ($12). 80% of this amount is transferred to you, which is $9.6. As a result, the real cost of a trader working with MOFT will be only 10.4 dollars.

Try this favorable offer and appreciate the advantages of working with MOFT rebate service!

Trading conditions

Fibo Group’s trading conditions can be characterized as accessible and comfortable for different categories of traders and investors. The company offers a wide range of trading platforms for PCs, tablets and smartphones, which provides flexibility and convenience.

Types of trading accounts and leverage: Fibo Group provides several types of trading accounts, among which each client can choose the most suitable one. Additional trading opportunities are provided by leverage up to 1:1000.

Investment opportunities: Fibo Group offers favorable conditions for both active traders and passive investors. Clients can invest in trust management accounts (PAMM) and connect to the autotrading service to copy trades of experienced signal providers.

Order Execution Techniques:

  • MT4 Fixed: Orders are executed using Market Maker technology.
  • Other accounts: No Dealing Desk (NDD) technology is used.

Minimum Deposits:

  • MT4 Cent: 0 cents.
  • MT5 NDD: $1000.
  • All other accounts: $50.

Spreads:

  • MT4 Cent: Floating spread from 0.6 pips.
  • cTrader NDD, MT4 NDD, MT5 NDD: Floating spread from 0.0 pips.
  • MT4 NDD No Comission: Floating spread from 0.8 pips.
  • MT4 Fixed: Fixed spread from 2 pips.

Stop Out Level: The Stop Out level varies from 20% to 50% depending on the type of account.

CFD Trading: CFD trading is only available on MT4 Fixed and MT4 NDD accounts.

Number of tools available:

  • MT4 Fixed: 60 currency pairs, the largest number of Forex assets.
  • Other accounts: 32-42 currency pairs.

Thus, Fibo Group creates an environment that satisfies both active traders and investors by providing a wide range of tools and technologies for efficient trading and investing.

  • Trading platform

    MetaTrader 4, MetaTrader 5, cTrader, WebTerminal MT4, WebTerminal MT5

  • Accounts

    Demo, MT4 NDD, MT4 Cent, MT4 NDD No Commission, MT4 Fixed, MT5 NDD, cTrader NDD

  • Account currency

    USD, EUR, GBP, CHF, RUB, BTC, ETH, RFC

  • Deposit/withdrawal

    Bank transfer SWIFT, YooMoney, Connectum, RegularPay, Blockchain.com, BITPAY, Raidospare, WebMoney, Neteller, Scrill

  • Minimum deposit

    From $1

  • Leverage

    Up to 1:1000

  • PAMM accounts

    yes

  • Minimum order

    0,01

  • Spread

    From 0-2.0 points

  • Instruments

    Currencies, CFDs, spot metals, cryptocurrencies

  • Margin call / Stop out

    20%, 50%

  • Liquidity provider

    There is no information about liquidity providers on the company's website

  • Mobile trading

    MetaTrader 4 Mobile versions for iOS and Android

  • Affiliate program

    yes

  • Order execution

    Instant Execution, Market Execution

  • Trading features

    There is trading in cryptocurrencies, there are accounts for scalping

  • Contests and bonuses

    no

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Commissions

We have conducted a detailed analysis of Fibo Group’s trading conditions to identify all explicit and hidden commissions. It is important to note that the company has no hidden commissions. Below is information about commissions for deposit and withdrawal of funds:

Account Replenishment:

  • WebMoney: The fee is 0.8%.
  • Skrill: Commission is 3.9%.
  • Connectum, RegularPay, Blockchain.com, BITPAY, Raidospare, Neteller: Deposit without commission.
  • Bank transfer: The fee depends on the sending bank and is about $35-$50.
  • Credit card via YooMoney: The fee is 2.35%.

Withdrawals:

  • The withdrawal fee varies from 0.8% to 4%, depending on the chosen withdrawal method.

Swaps:

  • There are swaps, which are a fee for carrying an open trade to the next day.

Thus, Fibo Group offers transparent conditions for deposits and withdrawals, which allows clients to accurately calculate their costs and plan financial transactions.

Account type
Spread / commission
Withdrawal fee
Cent
from 0,06$
Yes
Fixed
from 20$
Yes
NDD
from 0$
Yes
cTrader NDD
from 0$
Yes
NDD No Commission
from 0$
Yes
MT5 NDD
from 0$
Yes

Broker Overview

Fibo Group, operating in the Forex market for more than 20 years, confidently occupies leading positions among financial services companies in the CIS. The broker strictly adheres to the principles of transparency, comprehensive protection of clients’ interests and strict compliance with legal requirements, including the prescriptions of national regulators. The company is in constant development, introducing new services to simplify and improve the trading process. Fibo Group offices are located in major countries of Europe, Central and East Asia.

Fibo Group offers a wide range of trading platforms, financial instruments and account types. The company provides both cent and demo accounts for beginners and classic and professional accounts for experienced traders. Thanks to the use of innovative technologies, Fibo Group guarantees high speed of execution and no slippage.

Trading platforms:

  • MetaTrader 4 and MetaTrader 5: For PCs, tablets and smartphones.
  • cTrader: For trading using innovative technologies.
  • WebTerminal MT4 and MT5: For active traders.
  • Mobile versions: For iOS and Android.

Fibo Group’s useful services:

  • Market Analysis: Daily reviews and recommendations on the most popular trading instruments.
  • Economic Calendar: Important economic events affecting the dynamics of currency pairs.

Fibo Group offers a variety of account types for traders of all levels. Each account differs in terms of minimum deposit, type/level of spread and the presence or absence of commission.

Types of Accounts:

  • MT4 Cent: Cent account with no minimum deposit. Leverage up to 1:1000, spread from 0.6 pips. Suitable for beginners.
  • MT4 Fixed: Classic account with spread from 2 pips, minimum deposit $50, no commission.
  • MT4 NDD: Direct access to liquidity providers. Spread from 0 pips, minimum deposit $50, commission 0.003% of the transaction amount.
  • MT4 NDD No Commission: Ideal for scalpers. Spread from 0.8 pips, minimum deposit $50, no commission.
  • cTrader NDD: Suitable for intraday trading. Spread from 0 pips, minimum deposit $50, commission 0.003% of the transaction amount.
  • MT5 NDD: For professional traders. Spread from 0 pips, minimum deposit $1000, commission 0.006% of the transaction amount.

For detailed familiarization with the possibilities and working conditions it is recommended to open a demo account.

Trading Training:

The Fibo Group website has a special analytics section with useful tools for both beginners and professionals.

Safety Guarantee:

Fibo Group is regulated by the British Virgin Islands Financial Services Commission (BVI FSC) with license number SIBA/L/14/1063. This ensures a high level of protection of clients’ funds held in segregated accounts.

Fibo Group is a reliable company offering a wide range of opportunities for comfortable trading and targeting a diverse audience of clients, from beginners to professionals.

Advantages

  • Segregated trading accounts: All types of trading accounts in the company are segregated, which ensures a high level of security of clients' funds.
  • Scalping allowed: Fibo Group allows the use of scalping strategies, which gives traders the opportunity to capitalize on short-term price fluctuations.
  • Narrow spread: The company offers relatively narrow spreads, which reduces trading costs and increases trading efficiency.
  • Free analytics: Fibo Group clients have access to free analytics to help them make informed trading decisions.
  • Support for automated trading: Including scalping and hedging, which expands strategic options.
  • Automated trading: There is a possibility of automated trading, which allows traders to use algorithmic strategies and trading robots.
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FIBO Group personal account overview

To start trading forex with Fibo Group, follow the steps below:

  1. Go to the Fibo Group website. On the home page, click on the “Open a trading account” button.
  2. Enter your phone number, first and last name (in English) and e-mail address to be used as login. The login details will be sent to the specified e-mail address. It is strongly recommended to pass verification before depositing.
  3. Fibo Group’s personal account provides the following functions:
    1. Account replenishment:
      • Fibo Group Personal Cabinet – Account replenishment
    2. Cash withdrawal:
      • Fibo Group Personal Cabinet – Withdrawal of funds

In addition, other useful functions are available in the personal account:

  • Information on payments received under partnership programs.
  • Latest market news.
  • Data on managed accounts (PAMM).
  • Sending messages to support staff.

By following these steps, you will be able to quickly and easily start trading on the Fibo Group platform and take advantage of all available features and services of the company.

Answers to questions

  • What are segregated trading accounts and why is it important

  • Can I use scalping strategies when trading with Fibo Group

  • What trading platforms does Fibo Group offer

  • Does Fibo Group have an automatic trading option

  • What fees does Fibo Group charge for deposits and withdrawals

  • How to register and open a trading account with Fibo Group

  • How do I contact Fibo Group's support team

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