Fibo Group Review 2020

Fibo Group General Fees

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

Broker	Fibo Group	eToro	XTB	IC Markets
Min Deposit	300	200	0	200
Withdrawl Fees	No	Yes	varies	No
Inactivity Fees	after 91 days - 5 USD fee each month	Yes	No	No
Deposit Fees	No	No	No	Varies
CFD Commission Fees	Yes	No	Yes	Yes

Fibo Group Commissions

• Fibo Group does charge commission on CFD 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. 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.

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
• STP 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

Fibo Group withdrawl and funding methods.

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

• Credit cards
• Bank Transfer
• Payoneer
• Neteller

Broker	Fibo Group	eToro	XTB	IC Markets
Bank transfer	Yes	Yes	Yes	Yes
Credit Cards	Yes	Yes	Yes	Yes
Paypal	No	Yes	Yes	Yes
Skrill	No	Yes	Yes	Yes
Payoneer	Yes	Yes	Yes
Neteller	Yes	Yes	Yes	Yes

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 instruments.

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.

Limiting Your Risk When Trading with Fibo Group Negative Balance Protection

We should say something about negative balance protection with Fibo Group. When trading using leverage an adverse move could result in losing more than your trading account balance at Fibo Group. Your Fibo Group account could potentially become negative. We recommend you making use of negative balance protection. Using negative balance protection ensures your losses will always be limited to the current balance of the money in your account.

Limit Risk When Trading with Fibo Group Stop Loss, Fibo Group Stop Limit Orders

A stop-loss order is an order placed with a broker like Fibo Group to buy or sell once the stock reaches a certain price. A stop-loss is designed to limit a traders loss on a security position.

Most traders need to use stop losses to protect themselves from huge risk unless the trade is hedged against another trade or the trader is not using leverage. Circumstances differ depending on the trade and the markets.

Education resources at Fibo Group

To trade effectively with Fibo Group, it's important to get a have a good understanding of the Fibo Group trading tools and the markets.

Fibo Group offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with Fibo Group.

Take time to look around the Fibo Group platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer 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 live chat and email support in multiple languages.

Livechat Support at Fibo Group

We tested the Fibo Group live chat and it works well. We sent messages to Fibo Group livechat through their app and website and recieved a response within 30 seconds.

We tested communicating with Fibo Group support in multiple languages in multiple countries. Fibo Group where able to quickly resolve our customer issues.

Email Support at Fibo Group

We sent several emails to Fibo Group and answer times overall were excellent. The fastest response from Fibo Group was less than 15 minutes and the slowest response was 7 hours. Support response times may vary for you with Fibo Group, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from Fibo Group.

Phone Support at Fibo Group

Fibo Group does not offer Phone Support.

See how Fibo Group Support Compares Against Other Brokers

Broker	Fibo Group	eToro	XTB	IC Markets
Support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support	Live chat Phone support Email support
Languages	English, French German, Chinese, Farsi, Spanish, Indonesian and Russian	English, German, Spanish, French, and Italian	English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish	English, Japanese, Chinese, Polish, Afrikans, Danish, Dutch, German and more
Learn More	Visit Fibo Group	Visit eToro	Visit XTB	Visit IC Markets
Risk Warning	Your capital is at risk	62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.	Your capital is at risk	Losses can exceed deposits

What you will need to open an account with Fibo Group

As Fibo Group is regulated by Financial Conduct Authority (FCA), 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 review written by Andrew Blumer and Mark Hansen