Fibo Group Review

Regulated By: FSC

Headquarters: Cyprus

Ranking: 30

Spread: 0.3 pips (EURUSD)

Leverage: 1000:1

Minimum Deposit: $0

Fibo Group Review & Author's Comment

Headquartered in Cyprus and regulated by FSC British Virgin Islands, Fibo Group offers one of the highest leverage rates out there in the industry. Nano account option and low spreads are other big advantages. I would recommend this broker if you have a new strategy and you would like to test it without risking big amount of capital.

Folks, I should tell you that there are some question marks about Fibo Group though. When I researched about them, I came across conflicting information regarding the regulation. Some sources say that Fibo is regulated by FCA and CySEC along with FSC BVI. However, I were not able to find any license information regarding FCA and CySEC on their web site and when I contacted them, they replied that they have no FCA and CySEC license. So take this into account when you consider opening an account with Fibo Group.


Broker Detail
Adress: Agias Fylaxeos, 182, Office 103, Business Center “Kofteros” Limassol, Cyprus 3083
Phone: +357 25 105 641
Web:

http://www.fibogroup.com

E-Mail: [email protected]
Regulator: FSC British Virgin Islands
Year Founded: 2011
Instruments
Forex:
Precious Metals:
Energy:
Soft Commodities:
Indices:
CFDs:
Stocks:
ETFs:
Bonds:
Options:
Account Options
ECN Account:
Swap-Free Account:
Nano Account:
MAM / PAMM Account:
Demo Account:
Funding Methods: Wire Transfer, Credit Card, Neteller, Skrill, QIWI, Web Money, Baofoo, CASHU, DIXIPAY, OKPAY, Fasapay, Bitcoin
Withdrawal Methods: Wire Transfer, Credit Card, Neteller, Skrill, QIWI, Web Money, Baofoo, CASHU, DIXIPAY, OKPAY, Fasapay, Bitcoin
Customer Services
Live Chat:
24 Hours Support:
Languages: Arabic, Chinese, English, Farsi, German, Indonesian, Italian, Polish, Russian, Spanish
Platforms
Supported Platforms: MetaTrader 4, MetaTrader 5, cTrader
Webtrader:
Mobile: IOS, Android
Trading
Leverage: 1000:1
Spreads: As low as 0.3 for EURUSD on MT5 NDD account
Minimum Deposit: $0
Fixed Spreads:
Automated Trading:
Hedging:
API Trading:
Negative Balance Protection:

Fibo Group Review

FiboGroup Review
  • 6.1/10
    Reliability - 6.1/10
  • 8.5/10
    Deposit & Withdrawal - 8.5/10
  • 5/10
    Bonus - 5/10
  • 7.5/10
    Customer Support - 7.5/10
  • 9.5/10
    Overall Trading Conditions - 9.5/10
7.3/10

Summary

Wide range of trading instruments and platforms. High leverage. Negative balance protection. Poor regulation. Reliability issues.


I have been in trading business for almost 30 years and the latest 15 years of this period has been devoted to foreign exchange trading. After the boom of forex brokers offering lucrative features like leverage, 24/5 trading hours and wide diversity in pair instruments, I have tried and traded with more than thirty forex brokers in several different countries.

Risk Warning:

Trading Forex and CFDs involves significant risk and can result in the loss of your invested capital. You should not invest more than you can afford to lose and should ensure that you fully understand the risks involved. Trading leveraged products may not be suitable for all investors. Before trading, please take into consideration your level of experience, investment objectives and seek independent financial advice if necessary.