FIBOGroup Review

FIBOGroup

FIBOGroup is a well-established broker since 1998. FIBOGroup has headquarters in Austria, British Virgin Islands, Chile, China, Cyprus, Germany, Kazakhstan, Russian Federation, Singapore and Ukraine. They are generally well-suited for FIBOGroup to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by CySEC 118/10 and FSC (BVI) SIBA/L/14/1063.

Founded in 1998, FIBO (Financial Internet Brokerage Online) Group is a Forex and CFD broker headquartered in the United Kingdom and regulated by CySEC. FIBOGroup is one of the oldest players in marginal internet trading as it provides a trading platform that offers a wide range of assets such as spot metals, indices, ETFs and individual stocks, and Forex currency pairs on major and minor financial markets.


Company Information

Website
www.fibogroup.com

Established
1998

Country
Austria, British Virgin Islands, Chile, China, Cyprus, Germany, Kazakhstan, Russian Federation, Singapore and Ukraine

Regulation
CySEC 118/10
FSC (BVI), SIBA/L/14/1063

Features

Interest rate on funds

Trading by telephone

PAMM accounts

MAM accounts

Segregated accounts

Managed accounts

Islamic accounts available

Account Information

Apart from the forex demo account, this broker offers MT4 Cent, MT4 NDD No Commission, MT5 NDD, MT4 Fixed, MT4 Floating, cTrader STP and MT4 NDD. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by FIBOGroup is up to 1:1000. Meanwhile, you can open an account with a starting capital of $1.

Clients can choose between 7 account types:

  • MT4 Fixed: MT4 Fixed account requires a minimum deposit of $50 and 0.01 lots minimum trade. All options come with fixed spread, scalping/hedging capabilities, Expert Advisors, trailing stop, pending orders, one-click trading, mobile trading, as well as automated trading. Swaps, or rollover rates, are charged on positions held overnight.
  • MT4 Floating: The minimum deposit required is $300 with a minimum position size of 0.01 lots. MT4 Floating is a variable based which supports scalping, hedging, and Expert Advisors. Further features are trailing stop, pending orders, one-click trading, mobile trading, and automated trading. This account also charges swap rates.
  • MT4 NDD: With variable spreads option, FIBOGroup traders can open an MT4 NDD account after deposit $50 and minimum trade sizes of 0.01 lots.  The account boasts Expert Advisors, hedging opportunities, trailing stop, pending orders, one-click trading, mobile trading, and automated trading. However, it also charges overnight swap fees.
  • cTrader STP: The minimum deposit at cTrader STP is $300. The minimum transaction size is 0.01 lots. Spreads are variable. The account offers hedging capability, trailing stop, pending orders, one-click trading, browser-based platform, and trading with API. However, swap rates for positions held overnight apply.
  • MT4 Cent: A $1 minimum deposit applies with 0.01 lots minimum order size. Spreads are variable. Key features of MT4 cent are Expert Advisors, scalping opportunity, trailing stop, pending orders, one-click trading, mobile trading, and automated trading.
  • MT5 NDD: MT5 NDD minimum deposit requirements are at $500 and a minimum trade size of 0.01 lots. Spreads are variable. Clients can benefit from a range of additional tools such as trailing stop, pending orders, one-click trading, mobile trading, and automated trading.
  • MT4 NDD No Commission: Minimum deposit is $50 and a minimum trade size of 0.01 lots. Spreads are variable. MT4 NDD No Commission allows hedging. Traders can also attach a trailing stop, pending orders, as well as using one-click trading, mobile trading, and automated trading.
pin

Minimum Deposit

$1

pin

Maximum Leverage

1:1000

pin

Spread

Variable and Fixed

pin

Commission

$3

If you want to look for a more simple explanation regarding this broker's account type(s), take a loot at the following chart:



Minimum Deposit $1

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT4 Cent account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:1000


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT4 NDD No Commission account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Cryptocurrencies

Cryptocurrencies
1:10


Minimum Deposit $500

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex and Gold & silver for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT5 NDD account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:33


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil, Futures and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT4 Fixed account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:50

Futures

Futures
1:200

Cryptocurrencies

Cryptocurrencies
1:10


Minimum Deposit $300

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Futures for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT4 Floating account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:50

Futures

Futures
1:200


Minimum Deposit $300

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Browser-based platform

Trading via API

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for cTrader STP account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:100


Minimum Deposit $50

Minimum Position 0.01 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

Fees

Spreads on major currencies are also reasonable, starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions start at 0.003% from the amount of the transaction. FIBOGroup also $5 inactivity fee for accounts that lie dormant for 91 days or more. In addition, they also charge clients swap fees for holding positions open overnight.

Instruments Traded

Besides lots of currency pair, FIBOGroup also offers some instruments you would like to trade on, such as Forex, Gold & silver and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

There are 5 key markets available at FIBOGroup:

  • 48 currency pairs
  • spot metals
  • over 20 CFDs on major indices and commodities
  • 9 CFDs on cryptocurrencies
  • range of shares.

As for MT4 NDD account, FIBOGroup specifically provides it with the following instruments and leverage:


Forex

Forex
1:400

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:10

Payment Methods

The process of funding funds into a FIBOGroup account is easy and safe because it can be done using various methods, including credit card, Skrill, CashU, WebMoney, Neteller, and wire transfer. Withdrawals can be made via Neteller, Skrill, Webmoney, wire transfer. Please note that the methods above vary depending on your jurisdiction.

There may be some deposit commissions, for example, bank transfers cost between $35-50, though most other deposit methods are commission-free. Withdrawal commissions start from 0.5%.

All methods have various processing times, from within a few minutes for some e-payment systems, up to a few days for bank transfers and some credit card payment systems.

Payments can be made via the following methods:

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

WebMoney : WebMoney is one of the major online wallet services which many people use to send money around the world. For this reason, there is a large number of forex brokers that accept WebMoney today. Like other online payment services today, WebMoney is supported by mobile applications to make transactions more efficient.

Skrill : Mostly, all forex brokers provide Skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use Skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a Skrill e-wallet account.

Neteller : Like PayPal, Neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept Neteller as a payment method for their clients' fund deposit and withdrawal. Although the Neteller system is available almost all over the world, it remains particularly popular in Europe.

FasaPay : Known as an e-payment for retail forex traders, FasaPay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

CashU : If you live in the Middle East, CashU is one of the most popular online payment services there. CashU is a digital wallet that allows clients to pay or transfer money online instantly and offer users its own pre-paid MasterCard with no absolutely additional fees attached. Introduced in July 2002, CashU has targeted the Middle East and North African markets where it serves close to 2.3 million customers. This is the reason why many of the forex brokers that are expanding in the North African and Middle East market accept CashU as one of their payment methods.

FIBOGroup also provides payment with Tether (USDT), Ripple, Perfect Money, Local bank transfer, Ethereum, Credit/debit cards and Bitcoin Cash




Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, FIBOGroup offers you MetaTrader 4 (Limited with 60 days of inactivity), MetaTrader 5 (Limited with 60 days of inactivity) and cTrader (Limited with 60 days of inactivity).

  • MT4: The MT4 trading platform is the top choice for traders of all levels of experience. The software offers a customizable interface and supports various trading styles. Through MT4, traders can analyze the market at 9 different time intervals, using 30 indicators and various graphical objects. There is also a trading history feed as well as real-time quotes on Market Watch.

metatrader 4

  • MT5: MT5 is the successor to MT4 which comes with several differences, including the addition of an economic calendar and Depth of Market liquidity. There are also more complete technical indicators and drawing tools, plus 21-time intervals and advanced order and execution types.

metatrader 5

  • cTrader: cTrader platform is suitable for both professional and novice traders. The platform offers one-click trading, market sentiment indicators, economic news, Market Depth view, and cAlgo integrated trading robot. There are also more than 50 indicators and 26 chart time frames to choose from along with a copytrading function.

ctrader

Unique Features

FIBOGroup has a wealth of additional tools designed to improve your trading experience and output:

  • The market-maker type account can be opened with either fixed or variable spread regimes.
  • PAMM System
  • Dedicated Automated Trading services, including signals provision.
  • Asset Management

 

Research and Education

FIBO Group offers some additional research and education materials including:

  • YouTube videos on forex basics.
  • Up-to-date market analysis is provided on current market conditions and events which are dominant fundamental and sentimental factors.
  • The section on Long-Term Forecasts, which at the time of this review was empty.
  • A competent calendar of events likely to influence markets is included for easy time-based reference.
  • Free charting tool with live instrument prices is also placed within the Analytics section.
  • Table of current interest rates in the more important global economies is included, which can be useful in fundamental analysis.

 

Bonuses and Promotions

At the time of writing, FIBOGroup offers RDO-5% bonus promotion from the 15th of October 2021 through the 31st of December 2021 for clients of FIBO Group, Ltd (BVI) who opened and activated an MT4 NDD account in the RDO base currency in the promotion’s duration period. New FIBO Group clients and those who have already signed up can both participate in the promotion.

Customer Support

Do you have any question or find any trouble related to FIBOGroup? If you do, you should reach FIBOGroup's support to get the information that you need. Here is the detail of the broker's customer support:

FIBOGroup runs the customer support team from Cyprus, who can be contacted using a telephone (+44 [845] 09-50-118), email (service@fibogroup.eu), or live chat. Besides Cyprus, there are dedicated lines and email addresses listed on the FIBO Group’s website allowing communication with their offices in Shanghai, Singapore, and Limassol. Alternatively, you can also try one of the global representative offices in Kazakhstan, Germany, or China.

Website Languages

Arabic
Chinese
English
German
Indonesian
Persian
Russian
Spanish

Office
Support

Email
Support

Call
Support

Chat
Support

Extensive Review

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.




FAQ About FIBOGroup


Is FIBOGroup a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if FIBOGroup is a good broker for you or not by reviewing the criteria. In general, FIBOGroup provides trading service in Forex , CFD , Cryptocurrencies , Gold & silver , Oil and Futures . As for the payment methods, you can choose between Bitcoin, Bitcoin Cash, CashU, Credit/debit cards, Ethereum, FasaPay, Local bank transfer, Neteller, Perfect Money, Ripple, Skrill, Tether (USDT), WebMoney and Wire transfer. The customer support is available via Callback, Email, Live chat, Office and Phone.


What is the minimum deposit for FIBOGroup?

The starting capital in FIBOGroup is $1.


Is FIBOGroup regulated?

FIBOGroup is regulated by CySEC 118/10 and FSC (BVI) SIBA/L/14/1063. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is FIBOGroup legit?

FIBOGroup is a brokerage company offering trading services for clients since 1998 with offices in Austria, British Virgin Islands, Chile, China, Cyprus, Germany, Kazakhstan, Russian Federation, Singapore and Ukraine.


Give Your Review and Rate This Broker


These aspects are optional but will determine your review's reliablity


40 Reviews

JJ Mayer
South Africa
This post is an inquiry

Mar 21 2022

How about FiboGroup? Is it still recommended in 2020?

Robertson
Australia

Mar 22 2020

JJ Mayer: Judging from the regulations, FIBO seems less compliant because it only has a license from the British Virgin Island FSC. However, the trading facilities are very diverse, ranging from MT4 Cent accounts to cTrader accounts that ECN traders can rely on. The trading instruments are also quite comprehensive, including popular currencies, indices, metal commodities, and cryptocurrencies. So far there have been no complaints about the FiboGroup. Still can be recommended for beginners with small capital.

Charger Good
Singapore
This review is not supported by evidence

Sep 20 2020

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

FIBO Group
Belarus

Jul 8 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.

Niana
Singapore
This review is not supported by evidence

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!!

FIBO Group
Belarus

Jul 8 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.

Animassen
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 8 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.

MunichChris
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 8 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.

Overheard Radio
Singapore
This review is not supported by evidence

Sep 16 2020

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

FIBO Group
Belarus

Jul 8 2021

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

Demi Demik
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 12 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.

TrapLock
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 11 2021

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

Alexis
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 11 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.

Lukita
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 11 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.

Marlene
Singapore
This review is not supported by evidence

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!

FIBO Group
Belarus

Jul 11 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.

Alansoi
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 11 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.

Riccho
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 12 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.

Clinton
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 11 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.

Vin2020
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 13 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.

Agaff
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 13 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.

Richard
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 12 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.

Dennise
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 13 2021

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

Anon
Singapore
This review is not supported by evidence

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
Singapore
This review is not supported by evidence

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
Singapore
This review is not supported by evidence

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.

FIBO Group
Belarus

Jul 14 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.