FIBOGroup vs Saxo Bank: Which One is Better for You?


FIBOGroup vs Saxo Bank, which one is better? Both brokers are often compared to each other to find which one comes out to be the better one. What many traders may not comprehend is that the best choice may differ for every one of them, and there's nothing wrong with it. To make it easier for you to decide which one is the best between FIBOGroup vs Saxo Bank, here is the direct comparison:

Feature
Go to FIBOGroup

Go to Saxo Bank

Rating

General Rating 3.64/5
3.86/5
Trustpilot 3.3/5

rated by 1 users
2.0/5

rated by 1 users

General Information

Office(s) Austria, British Virgin Islands, Chile, China, Cyprus, Germany, Kazakhstan, Russian Federation, Singapore and Ukraine China, Greece, India, Italy, Netherlands, Spain, United Arab Emirates and United Kingdom
Regulation CySEC 118/10
FSC (BVI), SIBA/L/14/1063
ASIC 109605610
Banque de France, 483632501
CySEC, 163/12
FCA (UK), FC026688
FSA (Denmark), 1149
SFC (Hong Kong), 1395901
ESMA
Established 1998 1992
Minimum Deposit $1 $10000
Maximum Leverage 1:1000 1:200
Spread Variable Fixed
Commissions $3
Minimum Position 0.01 lot 0.05 lot
Payment Bitcoin, Bitcoin Cash, CashU, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Ripple, Skrill, Tether (USDT), WebMoney and Wire transfer Credit/debit cards and Wire transfer
Official Website Visit FIBOGroup Visit Saxo Bank

Account Variations

Segregated Account
Islamic Account
PAMM Account
Managed Account
LAMM Account
MAM Account
Forex Demo Account

Trading Requirements

Hedging
US traders are welcome
Requires sending documents via postal mail
Overnight interest rates (swaps)
Trading by telephone

Trading Features

Trading contests
Automated trading
Interest rate on funds
Bonus offers
Free education
Personal manager
Affiliate program

Trading Platforms and Complements

Mobile trading
Browser-based platform
Trading via API
One-click trading
Trailing stop
Pending orders
One-Cancels-Other (OCO) orders

Instruments Traded

Forex
CFD
Indexes
Spread betting
Gold & silver
Cryptocurrencies
Stocks
Binary options
Oil
Metals
Energies
Futures
ETF
Soft commodities
Options
Agriculture
Bonds

Customer Support

Website Languages Arabic, Chinese, English, German, Indonesian, Persian, Russian, Spanish Arabic, Chinese, Czech, Danish, Dutch, English, Finnish, French, German, Greek, Hebrew, Hungarian, Italian, Norwegian, Polish, Romanian, Russian, Slovenian, Spanish
Email Support
Call Support
Chat Support

Reviews

General Review Read FIBOGroup Review Read Saxo Bank Review
User Reviews

FIBO Group

Jun 21 2021

Dwonder: Thank you for the comment, Dwonder.
We should pay attention to the fact that spread width depends on the liquidity on the side of FIBO Group counterparties (liquidity providers) and can vary depending on the market situation. Spreads may become significantly wider at night, before or during the publication of important economic news, before the close of trading or immediately after the start of trading, as well as during other periods when the liquidity of instruments may be reduced for one reason or another.
If a technical error arises on the Company's side, we are always ready to consider the issue of compensation for losses incurred by the Client, if any. And, of course, the Client always has the opportunity to withdraw funds from his accounts.
If your issue has not been resolved, we ask you to contact the support service using any of the methods presented on the company's website.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

vin2020: Thank you for the comment, Vin2020.
If a technical error arises on the Company's side, we are always ready to consider the issue of compensation for losses incurred by the Client, if any. And, of course, the Client always has the opportunity to withdraw funds from his accounts.
If your issue has not been resolved, we ask you to contact the support service using any of the methods presented on the company's website.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Agaff: Thank you for the feedback, Agaff!
We really appreciate you taking the time out to share your experience with us.
Best regards, FIBO Group.


FIBO Group

Jun 21 2021

Dennise: Glad to hear you're happy with our services.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Riccho: Thank you for reaching out, Riccho!
Kindly accept our apology. We are continuously working to improve our service. We have to warn that sometimes support may be overflown with incoming messages in the chat, so in this case, the wait is inevitable.
We will do the necessary changes to improve the speed of communication.
If you have any questions or unresolved issues, please contact our support via email: service@fibogroup.com or via chat on our website https://www.fibogroup.com/.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Demi Demik: Hello Demi Demik!
Termination of an account can only occur when there were violations of the rules of the Client Agreement that you agree to when you start trading with FIBO Group. There is not enough information in your review to answer what the reason was specified.
As for the locations of our offices, you can check them on our official website.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Richard: Thank you for the review, Richard!
We hope everything is sorted out with the access by now.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Clinton: Thank you for the review, Clinton.
Please note that all deposit and withdrawal operations are carried out in accordance with the Regulations of Non-trading (financial) Transactions, which you can read on the website and in your Client Area. When choosing a deposit method, we recommend that you study the withdrawal conditions in advance, including the existing restrictions, terms for processing applications and transferring funds.
If your issue has not been resolved, we ask you to contact the support service using any of the methods presented on the company's website.
We value each of our clients and look forward to your successful trading with us.
Sincerely,
FIBO Group.


FIBO Group

Jun 21 2021

Alansoi: Thank you for the comment, Alansoi!
We're sorry to hear that you had troubles with withdrawing your funds.
The Company makes every effort to process withdrawal requests as quickly as possible. However, please take into account the processing and withdrawal terms established by the Regulations and indicated in the Personal Cabinet.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Marlene: Thank you for the feedback, Marlene!
We really appreciate you taking the time out to share your experience with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Lukita: Dear Lukita! Thank you for your feedback.
If a technical error arises on the Company's side, we are always ready to consider the issue of compensation for losses incurred by the Client, if any. And, of course, the Client always has the opportunity to withdraw funds from his accounts.
If your issue has not been resolved, we ask you to contact the support service using any of the methods presented on the company's website.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Alexis: Thank you for the comment, Alexis!
We're constantly working on improving and it helps a lot to know what the experience with us is like.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

TrapLock: Glad to hear you're happy with our services!
Sincerely,
FIBO Group.


FIBO Group

Jun 21 2021

Overheard Radio: Thank you for the review. Glad to hear you're happy with our services.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

MunichChris: Thank you for the feedback, MunichChris!
We really appreciate you taking the time out to share your experience with us.
Best regards, FIBO Group.


FIBO Group

Jun 21 2021

Animassen: Hello Animassen!
Thank you for your feedback.
For each request received from the Client, a detailed check is carried out in accordance with the Regulations. The response to the request is provided within 10 working days. The decision is made solely on the basis of data from sources of objective information, including server log entries. The Client, in turn, is provided with a reasoned response. In case of any errors on the Company's side, we are always ready to consider the issue of compensation for financial losses.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Niana:We apologize for the inconvenience. Thank you for providing your feedback and letting us know about this issue.
We value each of our clients and look forward to your successful trading with us.
Best regards,
FIBO Group.


FIBO Group

Jun 21 2021

Charger Good: Thank you for the review!
We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you.
Best regards,
FIBO Group.


Charger Good

Sep 20 2020

This broker is honest and comprehensive. They accepted my payment via Skrill instead of Neteller.


Niana

Sep 19 2020

They have a really slow customer support, and it can be so annoying that I prefer not to use this broker at all!!


Animassen

Sep 18 2020

Stay away from this. I lost money due to MT4 malfunction. A few of my positions did not close on time. The same day and time two other brokers' charts closed similar positions on MT4. They received charts screenshots to compare but denied any accusation of the wrongdoing.


MunichChris

Sep 17 2020

NDD and fixed Spreads for Major-Pairs are little better than customary in the market. 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.


Overheard Radio

Sep 16 2020

My experience with Fibogroup.com is fine.
Execution is fine, spreads are fine, getting positive SWAPS. Overall good Broker.


Demi Demik

Sep 15 2020

Its a big scam, they can close account at any time. Russian-speaking clients even a special site opened with historys. Russian office (Moscow) was closed.


TrapLock

Sep 14 2020

I'm surprised that there are so much negative reviews. It's one of my first broker (where I lost some money) started to trade here in 2012 or 2013. No slippages, requotes, withdrawal was well (lost not everything). I choose this broker beccause they had many positive reviews.


Alexis

Sep 13 2020

Their support are often curt but not overly unpleasant and they always respond nonetheless. Here am talking about the technical support team for elevated response. The normal support is almost immediate in chat but you would notice they are all East European or Russian.


Lukita

Sep 12 2020

I was recommended Fibogroup and initially, I had no problems. Recently however, I had only my winners close early and last night, my position closed after a 7 pip loss and I had no stop loss on it. With the strategy I'm using now, this kind of activity has caused me a lot of headaches and a loss on my account. Also with stop orders, this broker will fill you once it hits the price and not when it goes through it. I have not seen this with other brokers. I will be leaving Fibogroup now.


Marlene

Sep 11 2020

I trade with Fibo Group last few months. Fibo has faster executions, fast withdrawals (max 2-3 days), NO REQUOTES. 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!


Alansoi

Sep 10 2020

I submitted my withdrawal request 2 days ago but blocked by them because they don't send SMS for confirmation to my phone. Their support is poor as they don't call or respond to live chart. DO NOT deposit with this broker.


Riccho

Sep 9 2020

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.


Clinton

Sep 8 2020

I made a withdrawal from my Fibo cTrader account and as usual, I got a withdrawal confirmation from them. But due to national holiday it being held, so I waited. But after more than 2 weeks I received no money nor any other communication. Personally I don't like this behaviour.


vin2020

Sep 7 2020

I am very upset yesterday just before market close I noticed that my free margin and margin had been swapped and manipulated. My account automatically close in losses due to the low free Margin.


Agaff

Sep 6 2020

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. Easy 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.


Richard

Sep 5 2020

For now, I opened an account with them, deposited money on it using Neteller, worked fine the first time, but now, the second time, they say me they have a problem accessing Neteller to check my deposit, so I must wait til tomorrow.


Dennise

Sep 4 2020

Fibo Group is a good broker. They offer low spreads and all my orders are executed instantly on MT4. I have been trading with this broker for over a year after I switched from my old broker. So far everything is perfect.


Anon

Sep 3 2020

Crypto currency mining super hash power has really been an awesome GPU rigs for me using the 10GH/s, the software has earn me more profit this past few weeks.


LongDayToday

Sep 2 2020

Be careful of a fraudulent institution. If you make money, they enter fake stop and fake orders. They messed up my account. Just be careful.


Dwonder

Sep 1 2020

They claimed that thaye have no requotes, but I have observed abnormal spikes that do not exist with any other brokers. Prices that are nowhere else they explained this as stemming from their liquidity providers.


Thomas

Sep 17 2020

Customer service simply does not exist. Forget them. They have a great affiliate marketing to convince people to join but that is all.


Terajuana

Sep 16 2020

started the online application process but midway through i checked this site for their reviews and seen how bad they are. I stopped the process but my details were saved on their system. They have tried to call me 3 times every day for the last 2 weeks and no signs of them stopping. Why do they need to do this and it is a major red flag. avoid


Faughan

Sep 15 2020

They seriously need to learn how to communicate to new clients. Impossible to open a Corporate Ltd account, sent all required info and they don’t bother to even confirm receipt or if in the process, I’ve been calling them for 9 days since submitting and they pass you around to someone else who says they are not dealing with it. I would hate to think how stressful it would be if I had to call them to try resolve a trading issue.


Kuangfui321

Sep 14 2020

After 2 years of being there as a trader and investor, I’m very satisfied with the platform. It’s intuitive, genuine and fast process of withdrawal. Look forward more improvement from Saxo!


Farhang

Sep 13 2020

Saxo says no withdrawal fee, but actually withdrawal has a fee under the name of intermediary charges, funny enough that there is no other bank involved in the withdrawal transaction.


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Which one has the better spread?

Considering that spread is a trading cost, the lower the spread, the better it is for traders. However, spread information among brokers is not easy to get, as not every broker transparently publishes their spreads data.

However, traders can still choose their ideal brokers by the type of their spreads. The most two popular types of spread are fixed and variable. The pros and cons between the two spreads can vary for every trader. In this case, FIBOGroup provides their pricing with Variable while Saxo Bank offers Fixed.



FIBOGroup vs Saxo Bank: Who hosts the best trading platform?

The trading platform is essential as you can't execute a trade without it. Additionally, trading platforms provide price charts and an assortment of analytical tools to help traders with their strategies.

To support their clients, FIBOGroup enables trading with MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity), cTrader (Limited with 60 days of inactivity). The offer is supported with Mobile trading, Browser-based platform, Trading via API, One-click trading, Trailing stop, Pending orders. In comparison, Saxo Bank provides trading with SaxoTraderPRO (Limited with 20 days), SaxoWebTrader (Limited with 20 days), SaxoTraderGO (Limited with 20 days) with the support of Mobile trading, Browser-based platform, One-click trading, Trailing stop, Pending orders.



Is FIBOGroup or Saxo Bank better in providing the trading instruments?

It is widely known that forex brokers offer other trading instruments other than currency pairs. The offer gives interesting choices for traders to explore other markets that may be proven beneficial for them and to diversify their trading portfolios.

In this case, FIBOGroup supports trading with Forex, Gold & silver, CFD, Oil, Futures, Cryptocurrencies, while Saxo Bank presents the ability of trading with Forex, Gold & silver, CFD, Spread betting, Cryptocurrencies.

In conclusion, deciding the better broker eventually comes down to your consideration. If you are an active trader, it is better to choose a broker with a variable spread that is generally lower than the fixed one. For the trading platform, MetaTrader 4 is the standard choice for every trader. But if you want to have a different experience with a more advanced platform, choose the broker that provides alternative platforms. The same goes for trading instruments; if you want to try delving into different markets, seek for a broker with more options on trading instruments.

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