Fibo Group Review

MIN. DEPOSIT $300
Up to 400:1
Up to $50,000 BONUS
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Fibo Group
Up to $50,000
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Overview

Company Information It’s time to meet one of the senior players on the financial markets with more than 15 years of professional experience. FIBO Group, also known as Financial Intermarket… more

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Details

Broker Fibo Group
Website URL http://www.fibogroup.com/
Founded 1998
Headquarters Vienna, Austria
Support Number +43 (1) 253 084 05 81
Support Email service@fibogroup.com
Support Types Phone, Live Chat, E-mail
Languages English, German, Spanish, Arabic, Indonesian, Chinese, Farsi, Russian
Minimum 1st Deposit $300
Minimum Trade Amount 0.01-0.1 lot
Bonus Up to $50,000
Payout Up to 400:1
Free Demo Account Yes
Regulated Yes
Regulation Financial Services Commission (FSC); CySEC
Account Types MT4 NDD, MT4 Fixed, MT4 Floating, MT5 NDD, cTrader NDD
Deposit Methods Wire Transfer, Safecharge, RegularPay, WebMoney, Skrill, Qiwi, Baofoo, CashU, DixiPay, OkPay, FasaPay, Neteller
Withdrawal Methods Wire Transfer, WebMoney, DixiPay, Skrill, Qiwi, Baofoo, Payoneer, OkPay, FasaPay, Neteller, Safecharge, RegularPay
Types of Assets Forex, CFDs, Spot Metals
Account Currency USD, EUR, RUB, GBP, CHF
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

It’s time to meet one of the senior players on the financial markets with more than 15 years of professional experience. FIBO Group, also known as Financial Intermarket Brokerage Online Group, is surely one of the first companies to provide marginal internet trading to the open public. It was founded in 1998 and registred in the British Virgin islands. FIBO Group is strictly regulated by CySEC (Cyprus Securities and Exchange Commission) and FSC (Financial Services Commission) under license number of SIBAL/L/14/1063. The online broker supports the highest standards of investment services and ensures attractive trading conditions for all kinds of traders. The countless awards of the company speak for themselves. FIBO Group has won various excellent prizes during the years, such as the Forex Expo Awards 2015 (in three different categories), 2014 China International Online Trading Expo, Forex Expo in 2014, 2013, 2011 and 2009, as well as Online Trading Expo in 2006. As an well respected and reliable institution, the online brokerage firm is dedicated to provide numerous benefits for its clients. There are various education materials, webinars, regular analysis of the markets and many other great features to help the traders. FIBO Group also provides partnership programs with many options for the professional traders and other companies.

 

Trading Information

The traditional broker provides almost all known financial instruments with competitive spreads and great trading environment. Forex currencies are more than 60 with spreads starting from 0 pips on the majors. The minimum trading lot i 0.01 and leverage can be adjusted from 1:1 to 1:400. Over 20 CFDs are offered as well with no commissions, swaps and amazing fixed spreads. Again the trading minimum is set to 0.01. In addition, the customer can take advantage of Gold, Silver and ETFs. Investors can benefit from well planned and designed programs with low risks and high ROI. FIBO Group offers PAMM accounts for both managers and investors. There are also automated trading support for developers and traders. Hedging and scalping is allowed. New users are free to test the brokerage service by registering a demo account with 60 days expiration period. Islamic accounts are provided as well.

 

Trading Platforms

As a senior financial services provider, FIBO Group surely offers a wide range of trading platforms with various capabilities. MetaTrader 4 is presented as the best solution out there. The popular software is great for Forex and CFD markets. It includes countless tools, indicators, advanced charting and many other features. The trading platform can be downloaded as multi terminal as well. It’s also supported for Android and iOS. MetaQuotes’ new masterpiece MetaTrader 5 is also available on Windows PCs. It’s extremely well-developed platform, but still not that famous as its previous version.

 

As alternative trading software, FIBO Group offers cTrader for order executions on the currency exchange markets. The technology employs the NDD (No Dealing Desk) method and excellent connectivity across Windows devices.

At last, the Umstel trading platform with direct access to the US Stock Exchange and over 7 000 different instruments. There are stocks, spot metals, Forex pairs and many more. The community is strong and very responsive. For a monthly subscription fee every trader can gain access to strategies, signals and various investment ideas.

 

Security and Customer Services

As expected security is tight and quite efficient. FIBO Group is employing SSL encryption on the client’s’ login page for extra protection. It’s certified by GoDaddy and ensures all the delicate data is carefully guarded. In addition, the online broker is following all the regulations for customers’ money protection. Complete account segregation is applied in top rated international banks. As an extra precaution and additional peace of mind for the clients, FIBO Group has a certificate of insurance issued by AIG. The document aims to protect the funds of the clients, if anything unexpected happens to the company.

 

As for customer services, the online broker is regarded by many as one of the most responsive and dedicated. The support is handled in eight different languages and offered through phone, email and live chat. FIBO Group’s representatives are available from Monday to Friday in the time frame 8:00 – 20:00 EET. The email requests are handled lightning fast. Orders can be made via telephone and some clients may also get a personal account manager to overview their activity and give them guidance.

 

Deposits and Withdraws

Deposits are handled through various payment methods that are listed in details in the table. In general, there are no limitations on the funds processed. However, some minimums and maximums may apply on some of the options. The most accepted currencies are USD and EUR, but clients from the rest of the world will surely find a suitable payment method to fund their account. The processing time is extremely fast, except for bank wire transfers where the funding may take up to 5 business days.

 

Withdrawals are forwarded through mostly the same payment options. There are additional fees issued on some of the options. The usual tax is calculated as percentage of the requested sum. The most common fees start from 0.5% to 2% and sometimes the extra charge is fixed amount.The withdrawals take longer, but the processing involves additional checks and verification, which must be completed.

 

Deposit Bonus and Loyalty Program

Promotions offered by FIBO Group are usually limited. At the time of writing this review, there were no active bonus programs. However, the online broker have surely prepared some amazing surprises for its clients. Let’s see some of the past promotions, such as the Forex-Bonus 100%. The deposit bonus program was available for new and existing clients. Other attractive contests were handled from time to time with exciting rewards – both money prizes and item gifts.

 

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