Score
FIBO Group
The Virgin Islands|10-15 years| http://www.fibogroup.com/
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
FIBO-FIBO Group MT4 Real Server 2
Influence
B
Influence index NO.1
Vietnam 5.65MT4/5 Identification
MT4/5 Identification
Full License
United KingdomInfluence
Influence
B
Influence index NO.1
Vietnam 5.65Contact
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic Information
The Virgin Islands
10-15 years Regulated in Cyprus Regulated in The Virgin Islands Common Financial Service License Retail Forex License MT4 Full License MT5 Full License cTrader Regional Brokers United Kingdom European Authorized Representative (EEA) Revoked Suspicious Overrun High potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
Most visited countries/areas
Iran
Ukraine
Belarus
fiboforex.org
Server Location
United States
Website Domain Name
fiboforex.org
Server IP
104.21.31.148
-
fiboid.com
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United States
Website Domain Name
fiboid.com
Server IP
104.21.81.122
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fibogroup-vn.com
Server Location
United States
Website Domain Name
fibogroup-vn.com
Server IP
104.21.30.198
Genealogy
VIP is not activated.Company Summary
| Quick FIBO Group Review Summary | |
| Found | 1998 |
| Registered Country/Region | The Virgin Islands |
| Regulation | FSC (Offshore) |
| Market Instruments | Forex, spot metals, cryptocurrencies, CFDs, US stocks |
| Account Type | MT4 NDD, MT4 Cent, MT4 NDD No Commission, MT4 Fixed, MT5 NDD, cTrader NDD, cTrader Zero Spread |
| Demo Account | ✅ |
| Islamic Account | ✅ |
| Min Deposit | $0 |
| Max Leverage | 1:1000 |
| Spread | From 0 pips |
| Trading Platform | MT4, MT5, cTrader |
| Copy Trading | ✅ |
| Payment Methods | SEPA, Swift, MasterCard, Neteller, Skrill, bitpay, cryptocurrencies |
| Deposit Fee | ❌ |
| Withdrawal Fee | Free for most methods |
| Customer Support | Live chat, tel: 400-155-7215 |
| Regional Restrictions | The United Kingdom, North Korea, and the United States |
FIBO Group Information
FIBO Group, or International Financial Holding FIBO Group, is an international financial holding company that was established in 1998. It offers online trading services, primarily in the foreign exchange market, but also provides a platform for the trading of CFDs, commodities, and cryptocurrencies. Headquartered in Vienna, Austria, the company has a global presence with subsidiaries in the British Virgin Islands, Cyprus, Australia, Singapore, and Russia, as well as offices in several other countries. FIBO Group started as an investment consulting firm and evolved into a prominent player in the forex market, and in 2017 it expanded into cryptocurrency derivatives.
Pros & Cons
| Pros | Cons |
| Wide range of trading instruments | Offshore regulated |
| Demo accounts | Clients from the UK, North Korea, and the USA are not allowed |
| Multiple account types | |
| MT4/5 and cTrader platforms | |
| Copy trading | |
| Popular payment options | |
| No deposit fees | |
| Live chat support |
Is FIBO Group Legit?
FIBO Group is currently offshore regulated by British Virgin Islands Financial Services Commission (FIBO).
| Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
 | FIBO | Offshore Regulated | FIBO GROUP, LTD. | Retail Forex License | SIBA/L/14/1063 |
Market Instruments
FIBO Group offers mainstream and popular financial products in the global financial market for investors, including forex, spot metals, cryptocurrencies, CFDs, and US stocks.
| Trading Assets | Available |
| Forex | ✔ |
| Spot metals | ✔ |
| Cryptocurrencies | ✔ |
| CFDs | ✔ |
| US stocks | ✔ |
| Indices | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Types/Fees
Apart from demo accounts, FIBO Group offers eight account types, namely MT4 Cent, MT5 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread, and MT5 NDD.
| Account Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
| Order Execution Technology | No Dealing Desk | Market Maker | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Account Currency | USD cent, GLD cent | EUR, USD | EUR, USD, GLD | EUR, USD, GLD, BTC, ETH | USD, EUR | USD | USD |
| Min Deposit | $0 | $50 | $50 | $50 | $50 | $50 | $50 |
| Max Leverage | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
| Spread from | 0.6 pips | 2 pips | 0 pips | 0.8 pips | 0 pips | 0 pips | 0 pips |
| Commission | ❌ | ❌ | 0.003% from the amount of a transaction | ❌ | 0.003% from the amount of a transaction | 0.012% from the amount of a transaction, min $1 | 0.003% from the amount of a transaction |
| Stop Out Level | 20% | 20% | 50% | 50% | 20% | 20% | 50% |
| CFD Trading | ❌ | ✔ | ✔ | ❌ | ❌ | ❌ | ❌ |
| Islamic Account | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
| Managed Account (PAMM) | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
How to Open an Account with FIBO Group?
Step 1: Sign up-Creating your Client Area. The first stage of registration with the company is creating your Client Area. To do this, you need to indicate your email address and phone number in the sign-up form on the site.
Step 2: Verification of email, phone number and proof of identity. To verify your email, this broker will send you an email to the address you indicate while signing up. Click the link in the message to confirm your email address.
Step 3: Depositing funds to your account and starting trading.
Leverage
FIBO Group provides different maximum leverage ratios for different tradable assets and account types. Find detailed info in the table below:
| Account Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
| Max Leverage for Forex | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
| Max Leverage for Metals | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:400 | 1:100 |
| Max Leverage for cryptocurrencies | 1:25 | 1:25 | 1:25 | 1:25 | 1:1 | 1:1 | 1:25 |
| Max Leverage for US Stocks | 1:1 | 1:20 | 1:20 | 1:20 | 1:1 | 1:1 | 1:20 |
While leverage presents an opportunity to increase funds, it's important for traders to understand that higher leverage also comes with higher risks.
Trading Platforms
FIBO Group provides traders with a choice of three reliable and widely-used trading platforms.
The cTrader platform offers direct trading with international banking institutions and features high-speed order execution, customizable indicators, and market depth display.
The MetaTrader 4 platform is customizable and user-friendly, with a range of technical indicators, strategy tester, and one-click trading.
The MetaTrader 5 platform offers multi-asset trading, advanced strategy tester, netting and hedging modes, and comprehensive analytical tools such as built-in indicators, financial news, and an economic calendar. All platforms are available on desktop, Android, and iOS devices.
Deposit & Withdrawal
FIBO Group accepts deposits and withdrawals via banks, credit card, e-wallets, and cryptocurrencies.
| Payment Method | Accepted Currency | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
| SEPA/SWIFT | USD, EUR | ❌ | Around 35-50 USD | Within 2-5 days | 3-5 business days |
| MasterCard | USD | ❌ | 4.5% + 1.2 usd | Automatically upon receipt of funds | A few minutes |
| Neteller | USD, EUR | ❌ | 2%, min 1 USD/EUR | Once the payment cleared | Within 2 business days, excluding the day the application was submitted |
| Skrill | USD | ❌ | 1% | Once the payment cleared or inside office hours | Within several minutes |
| TCPAY | USD | ❌ | 3% | Immediately | As soon as the withdrawal request is processed |
| bitpay | BTC, ETH, BCH, XRP | ❌ | / | Once the payment cleared | / |
| Cryptocurrencies | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | Network fee | 0.5% | Once the payment cleared | Within several minutes, up to several hours |
| RAIDO R SPARE | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | / | ❌ | / | Within several minutes |
Frequently Asked Questions (FAQs)
| Q 1: | At FIBO Group, are there any regional restrictions for traders? |
| A 1: | Yes. The services of FIBO Group are not provided to residents of the UK, North Korea and the USA. |
| Q 2: | Can I have more than one account? |
| A 2: | Yes, you may open more than one account with FIBO Group. To open an additional account you should log in to your client area and click “Open a new trading account.” It is not necessary to submit your ID and Utility bill again (Unless the details have changed). |
| Q 3: | Can I trade with an EA (Expert Advisor or robot)? |
| A 3: | Yes, you may trade with any forex Expert Advisors you like. |
| Q 4: | What is the minimum deposit for FIBO Group? |
| A 4: | $0. |
| Q 5: | Is FIBO Group a good broker for beginners? |
| A 5: | Yes. FIBO Group is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money. |
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Keywords
- 10-15 years
- Regulated in Cyprus
- Regulated in The Virgin Islands
- Common Financial Service License
- Retail Forex License
- MT4 Full License
- MT5 Full License
- cTrader
- Regional Brokers
- United Kingdom European Authorized Representative (EEA) Revoked
- Suspicious Overrun
- High potential risk
- Offshore Regulated
News
News WIKIFX REPORT: Maintenance works on the server July 19, 2022
Attention!!!
2022-07-18 13:46
News WIKIFX REPORT: The number of available currency pairs to be changed
The Cyprus Securities and Exchange Commission issued a license to and oversaw the Financial Intermarket Brokerage Group (FIBO Group Ltd), which was established in 1998. (CySEC). The Financial Services Commission (FSC) of the British Virgin Islands has also granted permission for the worldwide website (BVI). The broker provides a variety of live, PAMM, and demo account choices, as well as trading on MT4, MT5, and cTrader.
2022-07-11 15:37
News WIKIFX REPORT: Change in deposit and withdrawal of funds via Webmoney
A number of funding options are available from FIBO Group, including bank wire, credit cards, and online payment processors like Skrill and Neteller. Keep in mind that things will change according on your jurisdiction.
2022-07-11 14:59
News THOMAS SELBY PARTS WAYS WITH IRONFX AFTER ONLY ONE MONTH
Trade EverestCM, a retail forex broker regulated by Mauritius Financial Services Commission (FSC), has appointed Thomas Selby as its chief business development officer.
2022-02-18 12:03
News The number of available currency pairs to be changed
International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is one of the oldest players in marginal internet trading. The first company of the holding was founded in 1998. From the first day of our work, they always adhere to the principles of transparent activities, to protect the interests of customers and strict compliance of observance applicable laws and orders of national regulators. Their customers and partners can be assured that all services, provided by any of the companies within the holding FIBO Group, meet the highest international standards and are under the control of national regulators.
2022-01-24 10:17
Review 15
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FX3294209382
Hong Kong
The market opened at 1992 and never reached 2003. The international market closed my position at 1993 when it it 2010, and the speed of opening and closing was severely delayed by one minute. It is normal to contact their risk control department and say that there are no issues?
Exposure
2023-04-21
定格
Hong Kong
The profit is gone with the transaction record. Today, it is good for the market. The order is gone after placing it. Then, the spread widened for dozens of pips and even slumps for dozens of pips. From the picture, it can be seen that there is no such price.
Exposure
2023-04-04
叫ba
Hong Kong
Bitcoin caught up with the big market and made a wave of small profits. The platform deducted the profits and only allowed to withdraw the principal.
Exposure
2021-06-07
叫ba
Hong Kong
Most of my profitable orders have been deleted and my profits have been deducted
Exposure
2021-06-04
傻丫头59274
Hong Kong
Beguile people into depositing funds with various reasons such as personal income tax, margin, risk fund and credit score
Exposure
2021-03-13
A我就是我47636
Hong Kong
Delay withdrawals with many fimsy reasons. The customer manager has been out of conatct.
Exposure
2021-02-22
小刚58586
Hong Kong
Cannot withdraw money! The investors must deposit the margin and pay personal income tax and foreign account fees
Exposure
2020-10-06
FX6330457102
Hong Kong
After I submitted the ID information and paid the margin, as well as opened an overseas account, the service didn’t respond any more.
Exposure
2020-07-29
FX2533989132
Hong Kong
I was told that under the lead of professional traders, I would only make profits here. I downloaded the APP according to that woman’s instruction on WeChat and registered my account. The Customer Service told me that the minimum deposit is 200. After I deposited 5000 for a try, the woman said I had to invest 5000 more before she can teach me and so I did. She let me add the administrator’s QQ to operate. Then I was told that I had lost it all due to my misoperation and I had to invest more to start over. Being impatient, I deposited additional 10000. After that, she said no trader would like to lead me due to my misoperation and let me invest a total amount of 10000 for appointing a trader. I didn’t have that much money and wish to quit. I wanted to withdraw the 10000 in my account and they refused. Currently, I only hope I can withdraw the 10000 in my account.
Exposure
2020-07-07
陈祥
Singapore
An Excellent Broker, though i think some of their customer care representatives need more training. They have a better performance than many other brokers.
Neutral
2023-03-02
leefy...
Australia
FIBO Group advertises that it provides tight spreads, multiple trading platform options (including MT4 & MT5), high leverage up to 1:400. However, it has serious withdrawal problems, many traders lost their money on this platform. So, be care.
Neutral
2022-11-21
Quket
Netherlands
FIBO Group, a seasoned player in the online trading world, offers impressive leverage of up to 400, which is great for ambitious traders. Plus, their minimum deposit requirement is just 100 euros, making it accessible for traders of all levels. I'm definitely a fan of their competitive offering and would recommend FIBO Group to anyone looking for a solid trading platform.
Positive
2024-07-16
Streaming
Taiwan
Like their MetaTrader 4 and 5! They offer fast trades with direct access to banks, which is great! Just watch out for the fixed commissions on some trades!
Positive
2024-06-04
donkey
Malaysia
To begin with, hats off to FIBO Group for their clear and upfront regulation. The ease of understanding their regulatory framework gave me a sense of safety. Yet, this same secured feeling isn't carried when it comes to their trading platform. It faced numerous freezes and crashes, making it hard for me to execute orders swiftly. On the bright side, FIBO Group's spreads are quite competitive. I was able to place trades without feeling like I was losing out big time on the spread. However, the commissions are a different story. They're a bit higher than other competitive brokers I've traded with, which affected my overall profits. Though their trading signals have proven accurate at times, they fall short of being consistently credible. Given other brokers who have consistent and reliable signals, this isn't ideal.
Positive
2023-12-04
陆芳
United States
Customer service deserves five stars! It was really rewarding to chat with them, and I thank them for always being able to answer my questions in a timely and patient manner. It would be great if all brokers could have such a great customer service team, but unfortunately, there are too many scams in the foreign exchange market.
Positive
2023-02-13