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FIBO Group is a bona fide broker that is suitable for beginners and professionals. Follow this guide to open a live and demo account at FIBO Group.
FIBO Group is one of the leading brokers operating since 1998 and has head offices in Cyprus and the British Virgin Islands. FIBO Group provides Forex/CFD trading services to more than 4 million clients from all over the world. This broker is also regulated by CySEC 118/10 and FSC (BVI) SIBA/L/14/1063.
This broker is also one of the oldest brokers that provides trading services for various instruments, ranging from spot metals, indices, ETFs, and individual shares, as well as major currency pairs and other small pairs. In addition, the FIBO Group broker provides demo and live accounts.
To start trading at the FIBO Group broker, of course, clients need to open an account at this broker. This article will discuss in full the steps to open an account at the FIBO Group broker. Read more in the review below.
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 Account Types
FIBO Group offers a wide range of trading account types matching a variety of strategies and trading styles. The diversity of account types helped clients to achieve the highest results in trading. Here is an overview of the different trading accounts available:
MT4 Cent
This account is ideal for beginners who are new to forex trading or who want to trade with micro lots (0.01 lot). Here are the specifications:
- The minimum deposit is $0.
- The maximum leverage is 1:1000.
- Spreads start from 0.6 pips.
- No commissions.
MT4 Fixed
This account is for experienced traders who prefer no-dealing desk (NDD) execution. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:200.
- NDD spreads start from 1 pips.
- No commissions.
MT4 NDD
This account is for experienced traders who prefer NDD execution and small commissions. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:400.
- Spreads start from 0 pips.
- Commission 0.003% from the amount of a transaction.
MT4 NDD No Commission
This account is for experienced traders who prefer NDD execution and no commissions. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:400.
- Spreads start from 0.8 pips.
- No commissions.
cTrader NDD
This account is designed for traders who want to use the cTrader trading platform with NDD execution. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:400.
- Spreads start from 0 pips.
- Commission 0.003% from the amount of a transaction.
cTrader Zero Spread
This account is designed for traders who want to use the cTrader trading platform with zero spread. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:1000.
- Spreads start from 0 pips.
- Commission 0.012% from the amount of a transaction Min $1.
MT5 NDD
This account is designed for traders who want to use the MetaTrader 5 trading platform with NDD execution. Here are the specifications:
- The minimum deposit is $50.
- The maximum leverage is 1:400.
- Spreads start from 0 pips.
- Commissions 0.005% from the amount of a transaction.
How To Open a Demo Account on the FIBO Group
If you are still unsure about a Live Account, you can open a demo account first. For steps to open a demo account, please follow the following guide.
- Please log in to the FIBO Group Client Area.
- Select the "Demo-accounts" menu on the left, and click "Open Demo Account".
- Select the account type, currency, capital, and leverage, click "Yes" on experience in a real account, and click "Open".
- Then you will get the demo account login details.
- Please use the login on the trading platform with that account.
How to Open Live Account
The opening account process at the FIBO Group broker is quite easy and simple and can be completed in just a few steps. Here is a complete guide on how to open an account at FIBO Group.
1. Create Your Client Area
- Visit the FIBO Group website and click on the "Open Live Account" button.
- Enter your email, and click open account.
- Please open the registered email, you will get account login details (email + password).
- Apart from that, you will also get an email to verify your email, open the message and click "Verify e-mail".
After the email is confirmed, your client area will look like this:
2. Complete Your Profile
- Log in to your FIBO Group Client Area using your registered email address and password.
- After login into the client area, click on the "Profile" tab to access your personal information, or on the homepage, you can click "Fill your profile in", then you will be redirected to the profile form page.
- Fill out all required fields, including your full name, country of residence, date of birth, tax identification number, etc.
- Upload a copy of your government-issued ID, such as a passport or driver's license, to verify your identity.
- Save your profile information.
- Then, you will also be asked to answer several questions to describe your profile in more detail, starting with profession, income, and so on. Choose the one that suits you best.
This profile page must be completed 100% by the client to gain access to the deposit menu and open a FIBO Group live account.
- Then select "Continue", and your account profile details will be saved.
See Also:
3. How to Choose Your Account Type
- After completing step number 2 above, now you can open a live account.
- Click on the "Trading Accounts" tab in your Client Area.
- Select the account type that best suits your trading preferences and experience level.
- FIBO Group offers a variety of account types, including MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader, Zero Spread, MT5 NDD. For example, please see the image below.
- Then, you will receive your live account details, and use them later to log into your account. For the record, keep this information carefully, keep it confidential.
- Review the terms and conditions of the chosen account type carefully.
- Click on the "Open Account" button next to the desired account type.
- After everything is finished, your trading account will be created automatically. Then you need to make a deposit and start trading. This is an example of a live trading account ready to be used for trading.
See Also:
EndNote
Opening an account on the FIBO Group is a breeze. Just follow the guidelines and supply the necessary documents to access the broker's full range of advantages. As previously stated, it is strongly advised to gather all required documents in advance to expedite the registration process. Once your account is activated and fully verified, you can immediately deposit funds and begin investing.
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.
