This brokerage has won multiple awards due to their high quality trading services. The low spread, fast execution orders and high leverage are offered with No Dealing Desk (NDD) scheme. Different trading tools like advanced charts, Event Calendars and Market Analysis in addition to educational materials such as Free webinars are provided to increase their clients’ trading knowledge and skills. FIBO is a good try for both novice and professional traders as it provides a zero minimum initial deposit trading account and a demo account to test the system. FIBOGroup’s trading platform is available on both Android and iOS mobile devices and tablets. As with the web trading platform, traders can choose from multiple languages.

1. Depositing funds into a FIBO Group account is an easy and secure process.
2. The variety of account types offered by Fibo Group caters to different trading preferences.
3. There are two main centers of operation, both of which are licensed and regulated.
4. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move.
5. The activity of the company is regulated by the Financial Services Commission of the British Virgin Islands.

African Markets

FIBO Group offers none of the technical or fundamental analytics tools available at other brokers. However, it offers PAMM accounts, and automated trading solutions. FIBOGroup offers a wide range of payment methods, but traders are charged a commission on both deposits and withdrawals. FIBO Group, in our opinion, meets the requirements of modern consumers in terms of a variety of services and trading conditions. There are 6 types of NDD accounts, an Islamic account, PAMM trading, trading advisors, and robots to choose from.

It is ranked 201 out of 815 forex brokers based on user ratings and 206 out of 815 based on expert ratings. FiboGroup receives 56,352 organic monthly visits according to similarweb.com, ranking 173 out of 815 forex brokers for organic traffic. It is privately owned, not licensed as a bank, not publicly traded, and does not provide its financials publicly. Keep in mind that even highly regulated and successful financial firms have failed in the past.

These commodities include metals, energies and soft commodities (such as cotton). Although there is no online form for leaving a message to the broker, there are all other common communication methods available, including multilingual live chat. Support is live 24/7 for all clients and can be contacted very easily through live chat. The website as well as live chat supports about 15 different languages making it easy for international traders to contact the broker and solve any issues they may have.

This cent account is very attractive for beginners who are starting to trade as it allows them to invest very small capital and learn to trade on a live account. 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 https://traderoom.info/fibo-overview/ the services offered. Therefore, Fibo forex trading is always effective and profitable. Such tools as currency calculator and daily market reviews are intended to help a trader to gather all the market data necessary for trading. Fibo group reviews found on various thematic forums prove that the broker is in much demand in the international currency traders community.

FIBO Group Account Types

For example, clause 3.2 says that you must provide information about yourself to the broker for the account opening, conducting transactions and operations of currency input-exchange withdrawal. The cTrader platform is an award-winning trading platform with a professionally designed interface. This user-friendly web platform, used by thousands of people worldwide daily, is fully customizable to suit the exact needs of the trader, ensuring that the entire trading experience is fluid and hassle-free. Traders can also choose to use MetaTrader 5, the cutting-edge improved trading platform. The MetaTrader 4 is an independent trading platform, developed for trading FX, commodities and other products and is one of the most advanced and easy platforms to use. After the first two steps, the only remaining thing to do is deposit as much as the trader wants and start trading.

Deposit and withdrawal

1. Learn how regulators protect traders and how the Forex market is regulated.
2. All in all the support is fast and responsive, and the live chat is very intuitive to use.
3. FIBO Europe does not offer cTrader, MetaTrader 5 or accept retail clients.
4. Of these, the cyptocurrency category is obviously the most interesting.
5. You can also read reviews FIBO Group in our ranking of brokers or share their experiences.
6. FiboGroup offers a variety of asset classes for trading, including over 40 forex CFDs, 9 crypto CFDs, and more than 30 stock CFDs.

Her expertise extends beyond marketing and writing, with a keen interest in cryptocurrencies and blockchain networks. Ida’s passion for crypto trading sparked a deeper fascination with Forex technical analysis and price movement. She is continually expanding her knowledge in Forex trading, staying informed about the latest trends and identifying the best trading environments for new traders. FIBO Group allows deposits and withdrawals in EUR, USD, GBP, CHF, and a range of cryptocurrencies via a wide variety of payment methods. While FIBO Group states that it does not charge for deposits or withdrawals, most deposit and withdrawals methods do have a commission or fee. The document regulates the legal relationship between you as a service user and the brokerage company as its owner.

There are two main centers of operation, both of which are licensed and regulated. In Europe, FIBO Group Holdings Ltd is a company with offices in Limassol Cyprus, and as such comes under the regulation of CySEC. FIBO Group Ltd is registered in the British Virgin Islands where it is licensed to provide investment services and regulated by the FSC.

These accounts do not incur swap or rollover charges on overnight positions, aligning with Islamic principles. They are designed for those who follow the rules of Sharia Law and are offered without overnight Swap fees which are derived from interest rates. Once a week, the company will charge up to $100 per Lot for positions held for longer than 5 days. There are various offices located throughout the world including Singapore, Mosco, Munich, Vienna Kiev, and Shanghai. When the company first came into existence it was known as Financial Intermarket Brokerage On-Line and started life as an investment consulting firm in 1998.

We are now one of the largest players in the Forex and CFD markets in the world. Islamic accounts, also known as swap-free accounts, are designed for traders who cannot earn or pay interest due to religious reasons. FiboGroup offers swap-free accounts upon request for clients of the Islamic faith.