FIBOGROUP

FIBO Group, legally known as FIBO Group, Ltd, is an online broker founded in 1998 and headquartered in Vienna, Austria. The company initially operated as an investment consulting firm before evolving into a global forex and CFD broker. It has subsidiaries in the British Virgin Islands, Cyprus, Australia, Singapore, and Russia, with offices in several other countries. The broker offers trading in forex, CFDs, commodities, and cryptocurrencies through multiple platform options.

The company's registered address is in the British Virgin Islands, where it holds its primary regulatory license. FIBO Group is part of the International Financial Holding FIBO Group and markets itself as a seasoned player in the online trading industry with over two decades of experience.

FIBO Group is regulated by the Financial Services Commission (FSC) of the British Virgin Islands under Market Making License number SIBA/L/14/1063. This license classifies the broker as an offshore-regulated entity, which may offer different levels of investor protection compared to top-tier regulators such as the FCA or CySEC. The BVI FSC license allows the broker to operate as a market maker, meaning it can take the opposite side of client trades.

Traders should note that offshore regulation often carries higher risk, particularly regarding client fund segregation and dispute resolution. The broker does not hold any additional licenses from major financial authorities, which is an important factor for risk assessment.

FIBO Group provides a wide selection of account types to cater to different trading styles and experience levels. The offerings include MT5 Cent and MT4 Cent accounts with minimum deposits as low as 1 cent and leverage up to 1:5000 for forex and metals. For standard traders, there are MT4 NDD, MT5 NDD, and cTrader NDD accounts with minimum deposits of 50 USD and leverage up to 1:400. The cTrader Zero Spread account offers spreads from 0 pips with a commission of 0.012%, while the MT4 Fixed account has fixed spreads from 2 pips with no commission.

Cent accounts are particularly suited for beginners or those wishing to trade with very small capital, while NDD accounts aim to provide direct market access with variable spreads. The high leverage options (up to 1:5000) can amplify both profits and losses, making them suitable only for experienced traders who understand the risks.

The broker supports three popular trading platforms: MetaTrader 4, MetaTrader 5, and cTrader. MetaTrader 4 and 5 are widely used for forex and CFD trading, offering advanced charting and automated trading capabilities. cTrader is known for its intuitive interface and fast execution, appealing to traders who prefer ECN-style trading. All platforms are available for desktop, web, and mobile devices, allowing traders to manage their accounts from anywhere.

FIBO Group offers trading in forex, metals (gold, silver), cryptocurrencies, and US stocks. The exact number of instruments is not disclosed, but the broker emphasizes access to major and minor currency pairs, as well as popular commodities and digital assets. Traders should check the platform for the full list of available instruments.

FIBO Group accepts deposits and withdrawals via Skrill and Neteller, both popular e-wallet payment methods. The minimum deposit varies by account type, starting from 1 cent for cent accounts and 50 USD for standard accounts. The broker does not disclose processing times or fees for deposits or withdrawals, but e-wallet transactions are typically processed within 24 hours.

Withdrawal methods are limited to the same e-wallets, which may be restrictive for traders who prefer bank transfers or credit cards. The broker's website indicates that withdrawal requests are subject to verification, and traders may need to provide additional documentation.

FIBO Group targets traders of all levels, from beginners to professionals, by offering low minimum deposits, high leverage, and multiple account types. The cent accounts are ideal for novices who want to trade with minimal risk, while the NDD and Zero Spread accounts appeal to experienced traders seeking tight spreads and fast execution. However, the offshore regulation and negative user reviews highlight significant risks, particularly regarding withdrawals and trade execution. Traders should exercise caution and consider the broker's suitability for their specific needs, especially if they prioritize fund security and transparency.