Fibo Group Review 2021

Fibo Group review
Fibo Group Fees Explained

• Fibo Group doesn't charge withdrawal fees
• Fibo Group does charge a fee for inactive accounts.
• Fibo Group doesn't charge deposit fees.

Brokers offer state of the art online trading platforms, mobile trading apps, financial research tools and educational resources. For a brokerage to maintain these services and earn revenue as a company, brokers may charge clients various fees.

How Fibo Group Fees Compare Against Other Brokers

Fibo Group review
Fibo Group Minimum Deposit

Fibo Group require a minimum desposit of 300 GBP/USD when opening an Fibo Group trading account.

A minimum deposit is the minimum amount of money required by Fibo Group to open a new online brokerage account with them.

Dont be scared off by brokers like Fibo Group charging a minimum deposit to open a trading account. Brokers that charge higher minimum deposits often offer additional premium services on there platforms that are not available for free on other platforms.

Brokers that offer lower minimum deposits are generally geared towards a more mainstream audience that do not require some of the more advanced features and research tools.

Brokers that do not charge minimum deposits do so usually to attract new customers. They have to make some way, so transaction commissions and other fees may be higher with a low minimum deposit account.

Brokers that require a larger minimum deposit amount usually offer a greater range of trading features on their platforms. These brokers often have more in depth technical analysis and research tools and better risk management features.

As more and more online trading platforms have entered the market, minimum deposit requirements to open a live trading account have gone down as an increasing number of brokers compete for new clients.

Depending on the type of trading account you opt for some brokers require a minimum deposit as high as 6500 GBP/USD. Some brokers can go as high as 10,000 GBP/USD.

Fibo Group review
Fibo Group Withdrawal Fees

Fibo Group doesn't charge withdrawal fees.

Each broker has their own specific withdrawal rules on how your funds can be withdrawn from your trading accounts.

This is because each brokerage firm will have different withdrawal methods and each payment provider may have differing transfer processing fees and processing times.

Fibo Group for example allow you to withdraw your funds to Payoneer, Credit cards, Bank transfer, Neteller, WebMoney, FasaPay, CashU, QIWI.

Fibo Group review
Fibo Group Inactivity Fees

Fibo Group does charge a fee for inactive accounts.

An account inactivity fee is a fee charged to the registered brokerage client.

Brokers may have certain trading activity requirements that under the terms and conditions of the accounts, clients may have to fulfill.

If a clients trading account dues not have any buying and selling over a period of time as dictated by the broker an inactivity fee may be due.

Inactivity fees are not specific to online trading accounts. Many financial service companies may charge inactivity fees. Please check on the brokers website and make sure you are aware of and are happy with all the services and fees you may be charged.

If you are no longer using your trading account close it with the brokers customer support. And make sure you have a confirmation that any remaining fees are not due.

Depending on the type of account you have signed up for you can only be charged an inactivity fee under certain circumstances. As part of a brokers regulation they are required to clearly disclose any inactivity fees.

Some brokerage firms may charge inactivity fees as compensation for maintaining your account on their expensive trading platforms, in an attempt to claw back revenue for the lack of commission fees from your trading.

Fibo Group review
Fibo Group Desposit Fees

Fibo Group does not charge deposit fees.

Some brokers may charge a fee when you deposit funds from your payment method to your trading account. This is because the payment method which you use to fund your account may accrue a fee. The fee may be a fixed fee when you deposit a specific fiat currency to your account. For example fees are known to be high when depositing funds from a credit card. This is if your broker accepts funding your account via a credit card.

Fibo Group review
Fibo Group Commission Fees

Fibo Group does charge commission on CFD instruments.

A broker may charge a commission fee as a service charge for facilitating the buying and selling of financial assets through your trading account.

A brokerage may make most of their revenue from charging registered traders a commission fee on client transactions.

Commission fees can differ depending on the trading type, financial asset type and what level of trading account you have.

Broker commissions are charged if the brokerage fulfills an order, cancels an order or modifies and order on your behalf.

If a market order is not fulfilled by your brokerage usually no commission is charged.

Be aware that if your order is modified or canceled, your brokerage may charge a commission fee.

Fibo Group review
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.

See Fibo Group's platforms

Fibo Group review
Is the Fibo Group Trading Platform Secure?

Fibo Group safeguards the personal information of its clients through SSL encryption in its PC and mobile platforms. Fibo Group also urges its clients through its web platform to always look for the SSL security sign (a lock sign) o the browser while operating Fibo Group.

Fibo Group review
Fibo Group Trading Platform Options

Once you have logged into your Fibo Group account you will see the below trading platform options available to you.

• MetaTrader 4 (MT4)
• MetaTrader 5 (MT5)
• cTrader

Lets explore each of these trading platforms in detail and what options Fibo Group gives you.

Fibo Group review
Fibo Group MetaTrader 4 (MT4)

MetaTrader 4 also known as MT4 is the number one trading platform on the planet and has been in active use on financial markets since 2005. The MetaTrader 4 software delivers a feature-rich, user-friendly interface and an extremely customisable trading environment, designed to ful fill all of your trading needs and boost your trading performance. Charting functionality and advanced order management tools make certain you could monitor your positions quickly and economically.

Understand that the MetaTrader 4 (MT4) trading platform was developed primarily to trade Forex but you can also trade other types of financial instruments through CFDs and Spread Betting. You will not be able to trade Stocks, Indices, Commodities, ETFs, Futures on any MetaTrader 4 (MT4) platform unless they are CFD contracts or Spread bets. You will not own any underlying assets with CFDs or Spread bets as you are speculating on price movements with Fibo Group. You can learn more about the MT4 Platform here.

You can start using the MetaTrader 4 platform with Fibo Group in multiple formats including through an online web platform, Through a downloadable application for Windows PC's and Apple Macintosh computers. Fibo Group MetaTrader 4 is compatible with the latest macOS Mojave. Fibo Group allows traders to trade on mobile devices through Android and IOS devices like the iPhone.

Metatrader 4 Webtrader on Fibo Group

MetaTrader 4 is the most popular trading platform in the world as most and more traders begin to trade online Metatrader 4 is available as a web based application available through your web browser. MetaTrader 4 web software provides the same easy to use performance as the desktop version using advanced charting, a highly customisable trading environment, easy to access online trading tools and many different indicators. You can enjoy our Raw Pricing trading environment without a Dealing Desk from anywhere in the world.

Trade Fibo Group MetaTrader 4 on IOS Devices

You can download the Fibo Group app or also trade with Fibo Group through the MetaTrader 4 application on the Apple app store.

Download the Metaquotes MetaTrader 4 Program for free of charge from Apple's App Store. IC Markets customers have instant access to this Financial markets, with the ability to completely manage a Portfolio on the go.

Trade Fibo Group MetaTrader 4 on Android Devices

Andorid mobile devices and tablets are used by millions of people globally. Fibo Group provides its clients access to the MetaTrader 4 platform on Android supported devices so that customers can monitor the financial marketplace and trade directly from their Android-based Smartphones and tablets. The Android Fibo Group MetaTrader 4 Android application enable traders to make the most of multiple advanced trading features which enables them to monitor and trade Forex quickly on the go, simply and securely.

Trade Fibo Group MetaTrader 4 Trading Central

Trading Centrals Alpha Generation Indicators is a Bundle of three Major indicators including:

• Analyst Perspectives - A go-to resource for leadership and key levels.
• Adaptive Candlesticks - Identifies chart patterns which illustrate important changes in demand and supply.
• Adaptive Divergence Convergence (ADC) - Much like MACD however useful at shorter lengths and provides more timely signs.

Fibo Group MetaTrader 4 Advanced Trading Tools

The Fibo Group advanced trading tools for MetaTrader 4 are aimed at improving the total trading experience and providing traders with a competitive advantage. Fibo Group offers access to 20 exclusive tools which includes feature rich trade execution & management programs, sophisticated notification alarms, messaging facilities, innovative market data & more.

Trade Fibo Group MetaTrader 4 MultiTerminal

MetaTrader 4 MultiTerminal provides a intuitive easy to use dashboard where traders can administer and supervise several trading accounts. MultiTerminal will let you manage over 100 Accounts simultaneously allowing you to place market orders, pending orders, view live market prices and track all accounts and equity at real time. All Trading accounts must be in on the same MetaTrader server. MultiTerminal doesn't support Automated Trading scripts like Expert Advisors.

Fibo Group MetaTrader 4 & MetaTrader 5 AutoChartist

Fibo Group Autochartist provides the world's first Market Scanner available for MT4 & MT5 using a non-trading Expert Advisor script. Scan markets for trading opportunities while viewing all symbols and time intervals from a single graph. Gone are the days of launching a lot of graphs on which you can't remember which currency you're taking a look at. Autochartist offers a simple user interface that can be customized to suite how you like to trade.

Fibo Group review
Fibo Group MetaTrader 5 (MT5)

MetaTrader 5 also known as MT5 is a multi asset trading platform that provides a wide range of trading features and financial research tools, MT5 also allows the use of automated trading systems (trading robots) and copy trading. New features like additional timeframes and advanced charting tools can give you a competitive advantage in the financial markets.

MetaTrader 5 was released in 2010 and is the updated version of MetaTrader 4.

MetaTrader 4 was built specifically to trade Forex and CFDs, MetaTrader 5 on the other hand facilitates trading of Forex, Futures, Stocks, Algorithmic Trading, ETFs and Indices.

You can learn more about the MT5 Platform here. You can also learn more about the differences between MT5 and MT4 here.

Trade Fibo Group MetaTrader 5 WebTrader

Access your Fibo Group MetaTrader 5 accounts from any web browser. It features a huge range of tools like additional timeframes and the most up to date technical indicators to give you all the trading resources you need to trade on and analyse the financial markets.

Fibo Group review
Fibo Group MT5 Buying and Selling

Fibo Group MetaTrader 5 on IOS Devices

Fibo Group MetaTrader 5 Can Operate on the and newer IOS devices like the iPhone and iPad. MetaTrader 5 requires a mobile internet connection or a connection to Wi-Fi. It's suggested that you upgrade the IOS MetaTrader 5 app regularly. New versions provide improved functionality and increased stability. Fibo Group MetaTrader 5 allows traders to look at market statistics of financial instruments traded in the market execution mode.

Fibo Group MetaTrader 5 on Android Devices

MetaTrader 5 for Android may be used on a Android smartphone or a tablet powered by the Android 5.0 or higher operating system. Additionally, to connect to Fibo Group trading server. Take the time to understand all of the Android MetaTrader 5 features. With Metatrader 5 for Android you can trade a selection of financial instruments at any time, in any place.

Fibo Group Metatrader Mobile Application Features

MetaQuotes the developers of Metatrader have listened to the feedback of their millions of users and have built the most popular mobile trading platform in the world. MetaTrader features include :

• Financial instrument quotes
• View in depth price charts of financial instruments
• Manage trades and open positions
• View your trading history
• View market news
• MetaTrader internal messaging
• View and research market statics of Fibo Group financial instruments
• Position opening and closing
• Lookup symbols in the quotes section
• Display of deals on graphs
• Timeframe selection for graphs and charts
• Additional vertical scaling of graphs
• Capability to transfer accounts to other devices using QR codes
• Information is available only if it's supplied by Fibo Group
• Access the OTP generator through FaceID or fingerprint

Fibo Group MetaTrader 5 Advanced Trading Tools

Fibo Group MetaTrader 5 has many advanced trading tools for the more advanced users. Understanding these tools can give you a competitive edge.

• Depth of market bids and asks
• Price Data
• Margin Calculation, Futures, Forex
• Advanced Techincal Analysis
• One click trading
• Spreads
• Futures
• Trading Reports

Fibo Group review
Fibo Group cTrader

CTrader is a comprehensive trading platform solution for Forex and CFD brokerages to provide to their traders. The platform is packed with a complete variety of features to cater to each and every investment taste imaginable.

The cTrader Premium Charting and Manual Trading Platform available on Fibo Group

cTrader is a top multi-asset Forex and CFD trading platform. cTrader offers advanced order types, charting tools, amount II pricing, and quick entry and execution. Using a amazing looking layout and dashboard, it is linked to state of the art infrastructure, that can be accessed from many devices.

cTrader Copy available on Fibo Group

CTrader Copy empowers everyone on the platform to share their investment strategy and to share their trading strategy for a fee or commission. Other dealers can search and replicate the approaches available, and revel in a commitment-free investing. Furthermore, traders can use their own risk management configurations.

cTrader Automate available on Fibo Group

CTrader Automate provides traders the ability to create algorithmic trading robots to automate financial trading plans. Dealers can use cTrader's contemporary C# API to write code within the IDE, the IDE allows developers optimize and test their financial robots.

cTrader Open API available on Fibo Group

Build your own software using cTraders Open API. It is a free, secure and publicly available API for all. Developers can take advantage of cTraders mature infrastructure to construct desktop, mobile and online software. The open API allows developers to interact and interface with any cTrader account.

You can learn more about the cTrader Platform Here.

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

Your capital is at risk

Fibo Group withdrawal and funding methods.

Please note that the list of Fibo Group payment methods below depend on the Fibo Group Entity and the Clients Country of Residence.

All available Fibo Group payment methods available to you can be found in your Fibo Group members area checked on the Fibo Group website.

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

Fibo Group Payment Methods

• Fibo Group accepts Payoneer
• Fibo Group accepts Credit cards
• Fibo Group accepts Bank transfer
• Fibo Group accepts Neteller
• Fibo Group accepts WebMoney
• Fibo Group accepts FasaPay
• Fibo Group accepts CashU
• Fibo Group accepts QIWI

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.

Your capital is at risk

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.

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

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:

Be aware Please kindly note that the expiration date of Proof of address document for different entities under Fibo Group Brand may be different.

• 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 3 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 the Fibo Group trading platform 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 January 15, 2021.

Fibo Group review written by Andrew Blumer and Mark Hansen