FIBO

FIBO is a brokerage firm that lists its official website as fibo.me and claims to be registered in Hong Kong. According to the available records, the company was founded on September 16, 2019. However, the website may have been shut down for an extended period, and independent verification of its operations is highly limited.

The firm’s regulatory status is a significant concern. Our checks indicate that FIBO does not hold any recognized financial services license or regulatory authorization. Furthermore, the registration details appear to be suspicious, with indications that the actual company name does not match the one on any purported regulatory certificate. This raises red flags about the legitimacy of the entity.

FIBO operates without oversight from any major financial regulator. The absence of a license from authorities such as the Hong Kong Securities and Futures Commission (SFC), Financial Conduct Authority (FCA), or other credible bodies means that traders have no formal recourse in case of disputes or misconduct. The known facts classify the broker as a suspicious clone, suggesting that it may be impersonating a legitimate firm.

Industry databases and user reports have flagged several complaints and negative reviews about this broker. These, combined with the lack of regulatory transparency, contribute to a high scam risk score of 75 out of 100, indicating a severe level of risk. Traders should exercise extreme caution and consider avoiding any engagement with this entity.