Regulated By: FSC
Headquarters: Cyprus
Ranking: 24
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.
FiboGroup Review
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Reliability - 6.1/106.1/10
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Deposit & Withdrawal - 8.5/108.5/10
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Bonus - 5/105/10
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Customer Support - 7.5/107.5/10
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Overall Trading Conditions - 9.5/109.5/10
Summary
Wide range of trading instruments and platforms. High leverage. Negative balance protection. Poor regulation. Reliability issues.
| Broker Detail | |
|---|---|
| Adress: | Agias Fylaxeos, 182, Office 103, Business Center “Kofteros” Limassol, Cyprus 3083 |
| Phone: | +357 25 105 641 |
| Web: | |
| E-Mail: | service@fibogroup.eu |
| 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 |
| 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: |
| Platforms | |
|---|---|
| Supported Platforms: | MetaTrader 4, MetaTrader 5, cTrader |
| Webtrader: | |
| Mobile: | IOS, Android |
There is no positive thing that I can say for Fibo Group. In spite of the firm is big and has a great number of customers, I dont trust their regulators, it is not solid. They dont put client money in segragated accounts. So they effectively may get broke and every client also will lose their money.