Fibo Group Review for 2019

Fibo Group Rated 4/5

Fibo Group Introduction

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of Fibo Group we break down the pros and cons. What Fibo Group are able to offer, what countries Fibo Group are available in. Who Fibo Group are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Open Fibo Group's Website

As with any investment your capital is at risk, losses can exceed deposits.

At the bottom of this review you can also learn about some pretty good alternatives to Fibo Group

With this review we hope to help you see if Fibo Group is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding Fibo Group that will help you get off to a good start in the world of online trading.

Fibo Group what you should know

Fibo Group offer two ways to trade: Forex, Social Trading.

With Fibo Group you will need a minimum deposit of $300. You can sign up for a demo account to acquaint yourself with Fibo Group platform.

Fibo Group are able to accommodate various levels of traders whether you are experienced or a beginner.


Are Fibo Group safe?

When choosing a broker like Fibo Group the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1998, and in operation for 21 years Fibo Group have a head office in British Virgin Islands.

Fibo Group is regulated. This means Fibo Group are supervised by and is checked for conduct by the Financial Conduct Authority regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Fibo Group, this will be honored. If Fibo Group violate any regulatory rules their regulated status could be stripped.

Any payments funded to Fibo Group accounts by traders are held in a segregated bank account.

For added security Fibo Group use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with Fibo Group. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit Fibo Group

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

What we like

  • Used by over 10,000 traders
  • Established in 1998
  • Regulated by Financial Conduct Authority
  • Min. deposit from $300

What we don't like

Fibo Group General Fees

  • Fibo Group doesn't charge withdrawal fees
  • Fibo Group does charge inactivity fees

Fibo Group Commissions

  • Fibo Group does charge commission on CFD shares

What can you trade with Fibo Group?

You can trade a wide variety of instruments with Fibo Group over 100 instruments infact.

If you are looking at trading currency pairs Fibo Group offer over 45 currency pairs.

Compare Fibo Group with Interactive Brokers and XTB below.

FX / Currencies Fibo Group IB XTB
# of forex pairs offered 45 10 50
Major forex pairs Yes Yes Yes
Minor forex pairs Yes Yes
Exotic forex pairs Yes Yes
Cryptocurrencies No No Yes
Commodity CFDs Fibo Group Interactive Brokers XTB
# of commodities offered 0 0
Metals Yes Yes Yes
Energies Yes Yes Yes
Agricultural No Yes Yes
Indiced & Stock CFDs Fibo Group Interactive Brokers XTB
# of Stocks offered 8000 1500
UK Shares Yes Yes Yes
US Shares Yes Yes Yes
German Shares Yes Yes Yes
Japanese Shares Yes Yes Yes
Fibo Group's
Instruments
IB's
Instruments
XTB's
Instruments

Trading on Fibo Group web platforms and other applications

Fibo Group is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.

Fibo Group is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.

Fibo Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See Fibo Group's platforms

Fibo Group Trading benefits :

  • Allows scalping
  • Allows hedging
  • Offers STP
  • Low min deposit
  • Offers Negative Balance Protection

Fibo Group Trading Accounts offered:

  • Micro account
  • Mini account
  • Standard account
  • Zero spread account
  • Managed account
  • Islamic account

Can I try Fibo Group before I buy?

Fibo Group offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding methods do Fibo Group accept?

Fibo Group offer the below funding payment methods. learn more about Fibo Group

  • Credit cards
  • Bank Transfer
  • Payoneer
  • Neteller

How can I start trading with Fibo Group?

When opening a trading account with Fibo Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Fibo Group trading platforms here.

Performing trades with Fibo Group

Fibo Group allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument. As Fibo Group offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.

As a nice bonus, Fibo Group are one of very few brokers that claim to have no requotes, so you don't have to worry about slippage (your trades being ordered at a different price to what you executed them at).

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Fibo Group offer margin up to 0.005% on currencies.

Fibo Group also offers a number of useful risk management features, such as stop losses (with trailing stops), limit orders, negative balance protection, price alerts, and much more. You can see all of the account features offered by Fibo Group here.

Support at Fibo Group

Fibo Group support a wide range of languages including English, French German, Chinese, Farsi, Spanish, Indonesian and Russian

Fibo Group have a double AA grade support rating because Fibo Group offer over three languages, live chat and email support.

What you will need to open an account with Fibo Group

As Fibo Group is regulated by Financial Conduct Authority, every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore Fibo Group's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with Fibo Group you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fibogroup.com/ on 12th August 2018.

FIBO GROUP Frequently Asked Questions

Can I try Fibo Group before I buy?

Fibo Group do not offer a demo account so it looks like you will have to sign up for at least a trial period. Learn more here

What funding methods do Fibo Group accept?

Fibo Group offer the below funding payment methods accept Credit cards, Bank Transfers, Payoneer, Neteller, among other payment methods. Learn more here

How can I start trading with Fibo Group?

When opening a trading account with Fibo Group, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on Fibo Group trading platforms here.

Is my money safe with Fibo Group?

Fibo Group is regulated by Financial Conduct Authority. One of the most important criteria for traders when choosing a broker like Fibo Group is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to Fibo Group, this will be honored. If they violate any regulatory rules their regulated status can be stripped.