FIBO Group is one of the oldest brokers with a huge global presence. One of this broker's benefits is the ease of deposit and withdrawal. How so?
Choosing a reliable broker is a must for every trader. Established in 1998, FIBO Group is considered one of the oldest forex brokers to operate in the world of trading. The company offers a wide variety of trading services for traders in more than 100 countries worldwide. Regulated by CySEC, FIBO Group has expanded its global presence by having several branch offices across Europe and Asia.
One of the benefits of trading with FIBO Group is the wide range of payment methods. Thus, traders can easily deposit or withdraw using their preferred methods.
| 💳Payment Method | 💲Currency | 💰Deposit Fee | 💸Withdrawal Fee |
| SWIFT | USD, EUR | Depends on the bank's conditions | 35-50 USD |
| Credit/Debit Card (Visa & Mastercard) | USD, EUR | 0% | 02.5+1.5 EUR |
| Neteller | USD, EUR | 4.9% | 2%, but not less than 1 USD/EUR |
| Skrill | USD | 3.9% | 1% |
| WebMoney | USD | 0.8% | 0.8%, 50 USD maximum |
| Fasapay | USD, IDR | 0.5%, 5 USD maximum | - |
| Perfect Money | USD | 0% | 0.5% |
| Blockchain | BTC | Bitcoin network commission | 0.5% |
| Raido Spare | BTC, ETH, RDO, USDT (TRC20), TRX | Bitcoin/Ethereum network commission | 0% |
International Financial Holding, officially known as FIBOGroup (Financial Intermarket Brokerage Online Group), is a brokerage company offering online trading services since 1998. With the mission to always meet the highest international standards, FIBO is currently regulated by the Financial Services Commission of the British Virgin Islands and the Cyprus Securities and Exchange Commission (CySEC).
The company is very "generous" in offering different types of trading accounts. Aside from Cent Account and MT5 NDD, the minimum deposit in FIBOgroup's accounts starts from $50. It is important to note that MT5 NDD requires a minimum deposit of $1000. Trading in FIBOGroup enables traders to enjoy variable spreads, although the MT4 Fixed account offers fixed spreads from 2 pips.
Meanwhile, the average maximum leverage in FIBOGroup is 1:400. Only two types of accounts have different standards of the highest leverage; 1:1000 in Cent Account and 1:200 in MT4 Fixed.
FIBOGroup provides a comprehensive market analysis comprised of contents on long-term forecasts, economic calendar, interest rates, financial instruments, and Shares.
The company also houses a proprietary PAMM feature that allows professional traders to become Account Managers with a profit-sharing system. New traders who open accounts in FIBO can benefit from PAMM by following an Account Manager that they choose by their preferences. For this particular feature, FIBOGroup provides a special feature of the Manager rating table.
Since its invention in the late 1990s, FIBOGroup has reached global recognition. They have official branches in Vienna, Limassol, Munich, Shanghai, Kyiv, Limassol, and Almaty. Deposit and withdrawal options range from wire transfer, credit card, BitPay, Blockchain, Neteller, Skrill, Perfect Money, FasaPay, and many others.
In conclusion, FIBO Group is an experienced broker for adventurous traders who like to try out various trading conditions; from variable spreads to fixed spreads, from MT4 to cTrader, from low leverage to high leverage, from independent trading to PAMM trading. Their low deposit requirement also indicates that it is open to all kinds of traders regardless of their amount of capital.
FIBO Group Deposit Guide
- Head over to FIBO Group's official website and log in to your account.
- If you are a new client, you must first complete your profile to fund your account. There are six steps that you need to complete, namely verifying your email and phone number, confirming your ID and address, filling in your personal information, and answering some questions.
- Once the progress is 100%, you'll be able to open a live account and access the rest of the features, including deposit and withdrawal.
- Look for the Deposit Funds section in your Client Area and click "go to section".
- You'll see a list of the available payment methods provided by FIBO Group in your area. Choose your favorite payment method and click "Deposit funds".
- A small pop-up will appear, asking you to decide which trading account that you'd like to deposit.
- Enter the details of your bank/e-wallet account and the deposit amount. The minimum deposit starts from $0 depending on your account type in FIBO Group. Hit the "Deposit" button to proceed to the next step.
- You will be redirected to the payment system provider. Complete the transaction and wait for the funds to reflect in your trading account.
FIBO Group Withdrawal Guide
- To start the withdrawal process, look for the Withdrawal Funds section in your Client Area and click "Go to section". Note that you need to be fully verified to make a withdrawal.
- Select your preferred withdrawal method and choose the trading account from which you wish to withdraw. Note that there might be some additional charges for withdrawals.
- Enter the account details and withdrawal amount.
- Double-check your withdrawal request and confirm the transaction. The funds will be deducted from your FIBO Group account and transferred to your bank account or e-wallet.
Final Thoughts
FIBO Group is a well-known global broker with over 20 years of experience. When it comes to funding your account and withdrawing profits, the broker offers a wide option of payment methods ranging from traditional bank wire transfers to e-wallets like Skrill and Neteller. The FIBO Group minimum deposit is also very low, starting from $0 for MT4 Cent and $50 for other account types.
However, there are two things that you must consider beforehand. First, the deposit and withdrawal service is not available from the start. You need to complete your profile by confirming your email address and several other things before you can fund your account. This can be quite time-consuming, especially for novice traders.
Secondly, FIBO Group account funding and withdrawals are not completely free. As shown in the table above, the commission varies depending on the payment method. If you are looking for a cheap option and instant deposit, we suggest choosing e-wallets.
FIBO Group is a well-regulated and experienced forex and CFD broker offering a wide range of trading instruments and platforms. They are a good choice for both beginners and experienced traders. Overall, FIBO Group is a good choice for forex and CFD traders who are looking for a regulated and experienced broker with a wide range of trading instruments and platforms.