To understand whether FIBO Group is suitable for you or not, I recommend to pay attention to these 3 things: reputation, trading conditions, and regulation.
For how long the company is in the market?
- FIBO Group is in the market since 1998.
What are the main advantages here?
- Fibo Group has a wide range of accounts and flexible trading conditions.
Did you find any reasons not to work with this broker?
- We did not find any reason not to trade with this broker.
Does FIBO Group have swap-free (Islamic) accounts?
- Yes, FIBO Group is suitable for Middle-East traders.
What is the minimum deposit amount?
- It is possible to start trading at $100.
Is this broker regulated?
- Yes, FIBO Group Holdings Limited is authorized and regulated by the Cyprus Securities and Exchange Commission (license number 118/10) and is a member of the Investor Compensation Fund.
Anything special about spreads and margin leverage?
- The maximum margin leverage and spreads depend on the type of account you choose. Broker also offers a cTrader platform, so traders have a lot of options to choose from.
FIBO Group Features
|Avg rebate per lot||$1.32|
|Trading platform||MT4, MT5, cTrader|
|Minimum trade size||0.01|
Suspicious reviews that we found
No customer support at all, nor knowledgeable people and you never know where they are. I closed my account and I send them a fax and I had the ok, but they said they did not receive it and I have to scan to send them again. They finally clear my account, but do not know if they have sent the money or how much I will receive. stay away form them.*
*We found this review on Forexpeacearmy.com. The client was not satisfied with the quality of customer support, hopefully, his issue has been resolved.
My experience with Fibogroup.com is fine. Trading PAMM account since November 2016.
Execution is fine, spreads are fine, getting positive SWAPS. Overall good Broker.
Money hunter , thats not a broker , plattform horrible and slow , spreads changing constantly and a real fraud with margin level . Worse broker i tested similar to FXTM another money collector
I sent 4 emails on 4 different occasions and not one of these emails was responded to (2 in one office, and 1 to the other 2 offices). It was just general questions on a account type (nothing hard). There is never anyone available on chat. I think this company has shut down. If it is not shut down, I could still not advice anyone to open an account here as they do not respond to the most basic of questions.
I trade with Fibo Group last few months, before i have traded with Pepperstone. Fibo has faster executions, fast withdrawals(max 2-3 days), NO REQUOTES.. Bank account is in Germany(not in Cyprus, so is safe;)). Good contact with customer support and manager. Only one minus- negative swaps, but usually I do not leave opened position for night.
General, very good broker. Good luck!
NDD and fixed Spreads for Major-Pairs are little better than customary in the market (EUR/USD ~0,7 Pips). Usually no commission and good Swap-conditions for intraday and swing-trader. MT4-liquidity is better than most CY-brokers, avarage more than 200 lots a day in EUR/USD. You can also find many Minor-Pairs with real good conditions, for example EUR/JPY ~1,1 Pips, EUR/CHF ~1,1 Pips, AUD/NZD ~0,9 Pips…
Good conditions, real PAMM reporting system, can be trusted, NDD accounts, average execution. Negative is that they don’t give positive swaps, regardless the rates out there, you pay if you keep positions opened.
good broker, i love the NDD account type for very low spread and excellent execution. I never had a problem with the executions, fast and no requote, very fair pricing.
eazy deposit and withdrawal, fast transfer form it’s bank account into mine.
the most importnat thing is the customer service is good, fast response and always give the solution of my complaince.
Excellent broker, never had problems and money withdraw was quick. Spreads are mostly fixed and good. I was skeptical in the beginning but now i´m trading heavily with fibo for about 6 month. I had only a few times some slippage but it was during Asian session when liquidity is poor.
Good broker, never had a problem, website at times a bit slow and spreads on crosses are a bit too wide.
Fast money out and in, quick execution