FIBO Forex Drive supports user-friendly interface, comprehensive features, and reliable support for beginners. Let's explore the mobile app further.
Nowadays, an easy and reliable trading application is no longer just a desire. It has become a necessity for every forex trader. In fact, the majority of traders prefer trading via their mobile phones compared to using a computer or laptop.
That's why brokers like FIBO Group have developed trading apps to help traders, especially beginners, access the market on the go.
Introduction to FIBO Group Mobile App
The FIBO Group Mobile App comes with awesome features to help you succeed in trading. It provides tutorials to guide you through the trading process, making it easier to grasp.
With this app, you can easily open your MT4 or MT5 account, whether it's for practice or real trading. The account setup is simple – just enter your details, and your account will be ready in no time.
The FIBO Group App has been downloaded over 50,000 times from the Play Store. The rating is 4.0/5 from 164 reviews.
It's also available on the App Store for iPhone users. It offers six language options: English, Spanish, Russian, Arabic, Persian, and Vietnamese.
FIBO Group App Details
|Android and iOS
|MT4 and MT5
|💎Minimum system requirements
|Android 4.2 and up, or iOS 15.0 or later
|3 MB (Android), 13 MB (iOS)
Features That Define FIBO Group App
The FIBOGroup trading platform offers attractive and highly useful features for novice traders. Here are the details of each feature:
No more hassle in opening an account, as registering with FIBO Group is incredibly easy. Simply input your personal information, and your account will be ready in no time.
After completing the registration, your account details will be sent to the email you provided earlier. This allows you to retrieve your login ID or password in case you have forgotten it.
You can also use the same email and password to log in to the FIBO Group website. You can access more features and services, such as the personal cabinet, deposit and withdrawal options, trading history, bonuses and promotions, and educational materials.
Simple Steps in Trading
To open a real trading account, just follow easy steps. In addition to filling in personal data, undergo a straightforward verification process using ID data (citizen ID, passport, driver's license) and supporting address data (paid utility bill, bank account statement, bank card statement).
This is required to comply with the anti-money laundering Know Your Customer (KYC) regulations, and ensure the security and safety of your funds and transactions.
Demo Account (Up to 1 Million USD)
FIBO Group trading app empowers users to open multiple demo accounts. Each account is generously endowed with a virtual deposit of up to 1 million USD. This feature enables traders to experiment with different strategies and market conditions risk-free.
You can use the demo account to practice your trading skills, test your trading ideas, learn how to use the platform, and familiarize yourself with the market behavior. You can also switch between the demo and the real account anytime with just one tap.
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.
Don't worry if you're a beginner, as video tutorials are available to help you understand and profit from forex trading. FIBO Group classifies their videos into 10 parts:
- Lesson 1: Trading on Financial Markets
- Lesson 2: What is Forex Market?
- Lesson 3: Basic terms and concepts of Forex trading
- Lesson 4: Basic language of Forex trading
- Lesson 5: What is spread?
- Lesson 6: What moves the Forex market?
- Lesson 7: Major mistakes traders make
- Lesson 8: What is fundamental analysis?
- Lesson 9: How to trade on the news?
- Lesson 10: What is Non-Farm Payrolls?
These lessons cover the essential topics and concepts that every forex trader should know. You can watch these videos at your own pace, and repeat them as many times as you need until you master the materials.
24/7 Customer Support Chat
FIBOGroup broker ensures that users have constant access to assistance through their customer support chat. This service operates 24/7, offering prompt and reliable responses to queries. It provides users with a safety net as they navigate the complexities of the market.
You can contact the customer support team via the FIBO Group App by tapping on the chat icon on the bottom right corner of the screen.
The customer support team is friendly, professional, and knowledgeable. They can help you with any issues or concerns you may have, such as technical problems, account verification, deposit and withdrawal, trading conditions, bonuses and promotions, and more.
What The Users Say About FIBO Group App
Many people who use the FIBO Group app really like it and say good things like "fantastic," "excellent," and "awesome." They think the app works well and has cool features. But, some people are a bit worried because there aren't many ways to pay on the app.
A lot of users are talking about wanting more payment choices. They suggest adding things like bank cards, Skrill, Neteller, and Perfect Money. People think that having more ways to pay would make the app easier to use for everyone and meet different preferences.
The FIBO Group app serves as a companion, guiding users from registration to mastering advanced trading strategies. With its user-friendly features and responsive customer service, it provides continuous support.
This app is ideal for beginners seeking to learn about trading through free educational videos and the ability to practice with a demo and real accounts. However, experienced traders looking for a feature-rich trading platform may find this app lacking, as it does not offer advanced chart analysis and trading capabilities.
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.