Fibo Group review
Fibo Group is a Multi-Assets Trading Platform with over 100+ Assets
Fibo Group is a multi asset platform with 100+ tradable Assets.
Assets available on Fibo Group include Forex, Social Trading.
Fibo Group trades in multiple financial asset types. An asset in financial investment, is any security or asset, tangible or intangible, that has a financial value attached. This means that Forex, Social Trading are considered financial assets.
Features of Fibo Group
- API Trading
- Social Trading available
- Copy Trading available
- StopLoss
- Trailing Stops
- TakeProfit Orders
- Fibo Group offers Advanced Financial Chart comparison tools
- Fibo Group offers Research-backed analysis on financial markets and investments from top analysts
- The Fibo Group platform is available to use on multiple devices including IOS devices like iPhones and iPads, Android devices and online through a Web Browser.
- Fibo Group offers an easy to use trading platform with tools for both New Traders and Seasoned Experts
- Fibo Group users benefit from using the Fibo Group platform in over 6 different languages
Fibo Group review
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 23 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 (FCA) 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.
Your capital is at risk
Is my money safe with Fibo Group?
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.
What are Tier 1 banks and why should Fibo Group use them?
A Tier 1 bank is considered the safest and most secure regarding client capital. Tier 1 is actually a term describing the financial strength of a bank. A Tier 1 bank has strong core capital reserves and financial regulators utilize tier one banks because they are able to withstand unexpected financial losses.
What does it mean to have your funds in Fibo Group deposited in a Tier 1 bank?
Having any money you deposit with Fibo Group means that your funds are safe in a bank that has enough capital to accommodate your withdrawal wishes even if Fibo Group goes out of business for some reason.
Therefore, we can safely conclude that Fibo Group is secure and safe.
That said, please note that you can lose funds when trading in financial assets. Accounts can lose money due to either not putting enough effort into researching the markets, lack of experience or not using the tools provided by the brokerage platform.
While trading in financial investments, losing money rapidly due to trading Forex, Social Trading is not uncommon. Only take the risk of trading when you understand that your invested capital is at risk any time due to market volatility. Fibo Group also clearly state on their platform that Your capital is at risk.
Now that we have answered some important questions regrding Fibo Group. let us look at the Fibo Group features in more detail.
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.
How Fibo Group as a Company Compare Against Other Brokers
| Broker |
Fibo Group
|
eToro
|
XTB
|
IC Markets
|
| Year Established | 1998 | 2007 | 2002 | 2007 |
| Head Office | British Virgin Islands | Cyprus, UK | Poland | Australia |
| Regulation | Financial Conduct Authority (FCA) | Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC), Markets In Financial Instruments Directive (MiFID), Australian Securities and Investments Commission (ASIC) | Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego, Belize International Financial Services Commission (IFSC) under license number IFSC/60/413/TS/19, Polish Securities and Exchange Commission (KPWiG) | Australian Securities and Investments Commission (ASIC), Financial Services Authority (FSA), Cyprus Securities and Exchange Commission (CySEC) |
| Used By | 10,000+ Fibo Group users | 20,000,000+ eToro users | 250,000+ XTB users | 180,000+ IC Markets users |
| Negative balance protection | Yes | Yes | Yes | Yes |
| Guaranteed Stop Loss | No | No | No | No |
| Learn More | Visit Fibo Group | Visit eToro | Visit XTB | Visit IC Markets |
| Risk Warning | Your capital is at risk | 67% of retail investor accounts lose money when trading CFDs with this provider. | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | Losses can exceed deposits |
Fibo Group review
Fibo Group Pros and Cons
Fibo Group review
Fibo Group Regulation and Licensing in more detail
We have checked and Fibo Group is regulated and supervised by reputable organisations. You are able to check every Fibo Group supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with Fibo Group. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.
The brokerage firms have to comply with a variety of rules and criteria for license approval, this is determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect Fibo Group traders and provide a safe trading environment. Financial regulation and license approval is essential.
Fibo Group is regulated, governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as Fibo Group you should be sure they're legitimate online agent.
Is Fibo Group Global?
Yes, Fibo Group is global as Fibo Group is available in over 190 countries.
Fibo Group is a global trading platform in the sense that it operates in 190 countries including nations in Europe, Asia, Oceania, and Africa. Major countries Fibo Group covers include the UK, Germany, Australia, South Africa, Thailand, and China. Fibo Group has a total of more than 10,000 users.
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 trading fees that you need to be aware of as they may affect your bottom line.
How Fibo Group Fees Compare Against Other Brokers
| Broker |
Fibo Group
|
eToro
|
XTB
|
IC Markets
|
| Min Deposit | 300 | 200 | 0 | 200 |
| Withdrawal Fees | No | Yes | varies | No |
| Inactivity Fees | after 91 days - 5 USD fee each month | Yes | Yes | No |
| Deposit Fees | No | No | No | Varies |
| CFD Commission Fees | Yes | Yes | Yes | Yes |
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 trading 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 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, processing times and a potential currency conversion fee. The Conversion fee is dependant on your base currency, your recieving currency, your payment provider.
Fibo Group for example allow you to withdraw your funds to Payoneer, Credit cards, Bank transfer, Neteller, WebMoney, FasaPay, CashU, QIWI.
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 Desposit Fees
Fibo Group does not charge deposit fees. Although bank / 3rd party merchant fees may apply.
You must always review deposit fees as 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 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
What can you trade with Fibo Group?
Be aware that Different entities under Fibo Group Brand offer different trading instruments due to regulatory restrictions. Trading instruments offered may differ based on the country of residence of the Client.
You can trade a wide variety of instruments with Fibo Group over 100 instruments infact.
If you are looking for Forex brokers to trade currency pairs on global Forex markets Fibo Group offer over 45 currency pairs.
Compare Fibo Group with eToro and XTB below.
How Fibo Group Trading Options Compare Against Other Brokers
| Broker |
Fibo Group
|
eToro
|
XTB
|
IC Markets
|
| Instruments Available | 100 | 2000 | 4000 | 232 |
| Platforms | MT4, MT5, Mirror Trader, Web Trader, cTrader, Tablet & Mobile apps | Web Trader, Tablet & Mobile apps | MT4, Mirror Trader, Web Trader, Tablet & Mobile apps | MT4, MT5, Mirror Trader, ZuluTrade, Web Trader, cTrader, Mac |
| FX / Currencies | ||||
| Forex pairs offered | 45 | 50 | 57 | 65 |
| Major Forex pairs | Yes | Yes | Yes | Yes |
| Minor Forex pairs | Yes | Yes | Yes | Yes |
| Exotic Forex pairs | Yes | Yes | Yes | Yes |
| Cryptocurrencies (availability subject to regulation) | No | Yes | Yes | Yes |
| Commodity CFDs | ||||
| Commodities Offered | 0 | 31 | 21 | 19 |
| Metals | Yes | Yes | Yes | Yes |
| Energies | Yes | Yes | Yes | Yes |
| Agricultural | No | Yes | Yes | Yes |
| Indiced & Stock CFDs | ||||
| Stocks Offered | 8000 | 2042 | 1696 | 110 |
| UK Shares | Yes | Yes | Yes | Yes |
| US Shares | Yes | Yes | Yes | Yes |
| German Shares | Yes | Yes | Yes | Yes |
| Japanese Shares | Yes | Yes | Yes | Yes |
| Risk Warning |
Visit Fibo Group
Your capital is at risk |
Visit eToro
67% of retail investor accounts lose money when trading CFDs with this provider. |
Visit XTB
77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. |
Visit IC Markets
Losses can exceed deposits |
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 platformsIs 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 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. Fibo Group 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.
Fibo Group Trading benefits
- Allows scalping
- Allows hedging
- Offers STP
- Low min deposit
- Offers Negative Balance Protection
Fibo Group Trading Accounts Offered
Below we give an overview on the account types that Fibo Group offer. Whatever you are looking to trade the varying Fibo Group account types will be able to provide you with what you need.
- 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. You can use any of the below deposit options if available in your region. 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
| 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 | No |
| Neteller | Yes | Yes | Yes | Yes |
*please note available Fibo Group and other broker payment methods depend on the clients country of residence.
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. You will need to provide some basic documentation to prove your identity as part of Fibo Group onboarding and normal KYC identity checks. These checks are standard practice and help Fibo Group provide a safe financial environment for their 10,000 users.
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. If your broker is regulated by the FCA Negative Balance Protection should be set in place by your broker as standard. 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. Make sure you make full use of all education tools. This includes eduction tools with Fibo Group and externally.
Fibo Group offer a good selection of educational resources. Take your time, learn how the financial markets move. Take the time to learn how your trading platform works. Make buy and sell trades, learn how to take advantage of global trading times and most importantly learn how to mitigate and manage investing 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
As part of our Fibo Group review we review customer service options, response times and Fibo Group trading platform problem resolution effectiveness.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 |
|
|
|
|
| Languages | English, French German, Chinese, Farsi, Spanish, Indonesian and Russian | English, German, Spanish, French, 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 | 67% of retail investor accounts lose money when trading CFDs with this provider. | 77% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. | 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:
Be aware 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 July 25, 2021.
Is Fibo Group A Good Broker?
We spent over 3 months examining Fibo Group in depth. Although we found some very useful aspects of the Fibo Group platform that would be useful to some traders. Overall our feeling is that you would be better served with an alternative Fibo Group broker.
- Fibo Group have a good track record of offering Forex, Social Trading.
- Fibo Group has a history of over 23 years.
- Fibo Group has a reasonable sized customer support of at least 10.
- Fibo Group are regulated by the Financial Conduct Authority (FCA). This means Fibo Group fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
- Fibo Group have regulation from Tier 1 reputable regulators.
- Fibo Group has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
- Fibo Group have an international presence in multiple countries. This includes local Fibo Group seminars and training.
- Fibo Group are able to hire people from various locations in the world who can better communicate in your local language.
Fibo Group Risk Disclosure
Your capital is at risk
Trading Risk Disclaimer
Trading financial instruments including crpytocurrency and foreign currency markets come with a very high level of risk. In regards to leverage and margin based trading you will be exposed to a high risk of loss. Some financial instruments and derivatives that are off exchange may offer varying leverage and may have limited regulatory protection and high market volatility. It should never be presumed that any investment products, techniques, indicators or any other presented resources will result in profits. You should be aware that investing may result in financial loss.
Fibo Group not quite right?
If after reading this Fibo Group review, Fibo Group does not fulfill your needs check out these Fibo Group Alternatives.
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Related Fibo Group Vs Comparisons
We have covered allot in this Fibo Group review, If you want to see how Fibo Group compares side by side with other brokers check out our Fibo Group Vs pages.
If you would like to see how Fibo Group stands up against other brokers you can read some of our Fibo Group comparisons below. We compare side by side some of our top rated Fibo Group versus comparisons. Read our indepth Fibo Group VS pages below.
- FiboGroup vs eToro
- FiboGroup vs XTB
- FiboGroup vs ICMarkets
- FiboGroup vs AvaTrade
- FiboGroup vs Roboforex
- FiboGroup vs Pepperstone
- FiboGroup vs XM
- FiboGroup vs FPMarkets
- FiboGroup vs Plus500
- FiboGroup vs FXPrimus
- FiboGroup vs easyMarkets
- FiboGroup vs SpreadEx
- FiboGroup vs ThinkMarkets
- FiboGroup vs NordFX
- FiboGroup vs Markets.com
- FiboGroup vs HYCM
- FiboGroup vs Axitrader
- FiboGroup vs Swissquote
- FiboGroup vs ForexMart
- FiboGroup vs Eightcap
- FiboGroup vs AdmiralMarkets
- FiboGroup vs ForTrade
- FiboGroup vs FxPro
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- FiboGroup vs ETFinance
- FiboGroup vs Oinvest
- FiboGroup vs EZINVEST
- FiboGroup vs InteractiveBrokers
Fibo Group review
FIBO GROUP Frequently Asked Questions
Read our detailed Fibo Group FAQ Section updated for 2021.
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?
Please note that the list of payment methods below depend on the Fibo Group Entity and the Clients Country of Residence.
Fibo Group offer the following funding payment methods Payoneer, Credit cards, Bank transfer, Neteller, WebMoney, FasaPay, CashU, QIWI, among other payment methods.
Learn more here
Is Fibo Group safe?
Fibo Group are considered safe as they are regulated by and checked for conduct by the Financial Conduct Authority (FCA). 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.
Your capital is at risk
Is Fibo Group trading good?
Fibo Group is considered good and reputable to trade with Fibo Group. Fibo Group is used by over 10,000 active traders and Fibo Group users. Fibo Group offers Forex trading, and Social trading. Minimum deposit with Fibo Group is 300.
Is Fibo Group trading Legit?
Fibo Group was founded in British Virgin Islands in 1998. Fibo Group has been facilitating trade on the financial markets for over 23 years. Fibo Group offers clients Forex trading, and Social trading. All funds deposited to Fibo Group are held in segregated tier 1 bank accounts for security. Fibo Group is regulated by Financial Conduct Authority (FCA) so can be considered legit.
Is Fibo Group a good broker?
Fibo Group is overseen by the top tier financial regulators Financial Conduct Authority (FCA) so can be considered a good broker. Fibo Group allows Forex trading, and Social trading.
Is Fibo Group trustworthy broker?
Fibo Group can be considered trustworthy. All money funded to Fibo Group is placed into a segregated tier 1 bank account. this means your money in not held by Fibo Group directly by a tier 1 bank. The broker has no direct access to your funds so cannot misappropriate your money. Also Fibo Group is regulated by Financial Conduct Authority (FCA).
What is the minimum deposit for Fibo Group?
The minimum deposit to trade with Fibo Group is 300.
How long do Fibo Group withdrawals take?
Withdrawing money from Fibo Group processing time varies but averages 2-5 days.
Is Fibo Group regulated?
Fibo Group is regulated by the Financial Conduct Authority (FCA). Regulatory bodies conduct regular reviews and audits as part of Fibo Group maintaining their regulatory status. You can learn more about these reviews on the regulator websites.
Is Fibo Group a market maker?
Fibo Group is a market maker. Stocks, currency and other commodities and instruments will be purchased by Fibo Group even if no buyer is lined up.
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 the Financial Conduct Authority (FCA). 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.
Is Fibo Group a con?
Fibo Group is regulated and well established having been in business for over 23 years. Fibo Group is definitely not a con.
Can you make money with Fibo Group?
Although traders have had great success with Fibo Group. Trading on the financial markets with Fibo Group is not a get rich scheme. If you educate yourself, practise with a demo account and carefully plan your trading your chance of success will greatly increase. Never trade with money you cannot afford to lose. Your capital is at risk.
Does Fibo Group have fees?
Fibo Group doesn't charge withdrawal fees. Fibo Group does charge a fee for inactive accounts. Fibo Group doesn't charge deposit fees.
When was Fibo Group founded?
Fibo Group was founded in 1998.
How many people use Fibo Group?
Fibo Group is used by over 10,000 registered Fibo Group users.
What is Fibo Group Headquarters country?
Fibo Group has its head quarters office in British Virgin Islands.
Does Fibo Group offer negative balance protection?
Fibo Group offers negative balance protection. With Negative balance protection means traders cannot lose more money than they have deposited.
Does Fibo Group offer guaranteed stop loss?
Fibo Group does not offer guaranteed stop loss. With guaranteed stop loss protection risk is managed. Traders are guarenteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.
Does Fibo Group allow scalping?
Fibo Group offers scalping.
Does Fibo Group allow hedging?
Fibo Group offers hedging.
Does Fibo Group offer CFD trading?
Fibo Group does not offer CFD trading.
Does Fibo Group offer STP?
Fibo Group offers STP trading.
How many people use Fibo Group?
Fibo Group is used by over 10000 Fibo Group users and traders.
Is Fibo Group an ECN broker?
Fibo Group does not offer ECN trading.
Does Fibo Group offer a demo account?
Fibo Group does not offer demo account.
Does Fibo Group offer an Islamic account?
Fibo Group offers a Islamic accounts.
What are the funding methods for Fibo Group?
Please note that funding methods and funding options available with Fibo Group can be found in the Fibo Group Members area and depend on the Fibo Group client’s country of residence. Please check your specific available payment methods on the Fibo Group website. Fibo Group accept the following funding methods : Payoneer, Credit cards, Bank transfer, Neteller, WebMoney, FasaPay, CashU, QIWI.
Fibo Group review written by Andrew Blumer and Mark Hansen
