Fibo Group Broker Review Open account in the best broker 2023

Fibo Group Broker is an international financial holding company (an online brokerage group in financial markets) and one of the older players in online trading. Fibogroup began its operations in 1998 and has consistently adhered to principles of transparency, protecting users’ interests, and strict compliance with the laws of various countries since its inception.

In this article on BrokerLand, we will conduct a detailed and thorough examination of this Broker to understand why this company has earned a spot on the list of the best Forex brokers.

Introducing FIBO Group Broker

FIBO Group Broker was established in the British Virgin Islands (BVI), and it still operates from its central office there. However, FIBO Group presents its financial services through an additional entity located in Cyprus. The FIBO Group enhances secure investment opportunities by obtaining valid European regulatory licenses.

FIBO Group Broker Analysis
🗺️ Headquarters British Virgin Islands (BVI)
⚖️ Regulation FSC, CySEC
💰Minimum Capital 100 EUR
💰 Maximum Leverage 1:1000
📊 Trading Platforms MetaTrader 4, MT5, cTrader, FiboGroup Mobile Apps
🎮 Demo Account Available
🛍️ Trading Instruments 60 forex pairs and cryptocurrencies, CFDs

Furthermore, FIBO Group Broker offers high-quality global support. This support is accessible through offices in Vienna, Limassol, Shanghai, Singapore, Munich, Kyiv, and Almaty.


Overall, FIBO Group Broker Holding has earned multiple awards for their years of operation. These awards have been granted in recognition of their excellent customer service and effective achievements. These accolades, along with thousands of satisfied customers worldwide, have made FIBO Group a reputable brokerage.

Is FIBO Group safe?

FONTEN CORPORATION LIMITED, also known as FIBO Group, is a reputable and active financial services company. This company is regulated and monitored by the Financial Services Commission in the British Virgin Islands. In fact, the regulatory requirements and standards in the British Virgin Islands are relatively lower and minimal compared to other countries.

Is FIBO Group safe?

As mentioned, FIBO Group Broker has an additional entity established in the Republic of Cyprus. This entity has received authorization from the Cyprus Securities and Exchange Commission (CySEC) to provide services to residents of the European Union and other countries worldwide. The European regulations overseeing FIBO Group Broker run parallel to the offshore registration of this brokerage group, making it a secure choice for investments. For instance, the well-known broker TriumphFX is also a completely safe broker operating under the supervision of CySEC in Cyprus.

FIBO Group Broker offers secure investment and trading services along with professional indemnity insurance. Additionally, they are a member of the Investors’ Compensation Fund (ICF). Customers and partners can rest assured that all FIBO Group services adhere to the highest international standards and are under the control of Cyprus regulators.

Trading Instruments of FIBO Group Broker

The range of trading products offered by FIBO Group Broker includes services to clients or financial managers, as well as investment programs through the PAMM service. Forex trading is conducted through FIBO Group with 60 currency pairs, including cryptocurrencies. These trades come with high leverage ratios, low spreads, and are executed using NDD and CFD models without swaps, along with a 0% commission and reasonable fixed spreads.

Leverage at FIBO Group

You can use leverage or margin offered by the FIBO Group to increase the volume of your trades. Leverage trading provides extensive capabilities and the potential for higher profits, but it’s essential to use these tools wisely and not expose yourself to very high risks. Furthermore, the levels of leverage are also determined by regulatory restrictions.

When trading with the European entity of FIBO, you automatically fall under the secure ESMA regulations. The maximum leverage under ESMA regulations is 1:30 for major currency pairs and 1:10 for commodities. However, FIBO’s global group offers access to the highest possible leverage of up to 1:1000, which is an exceptionally high level and should be used with great caution.

Types of FIBO Group Trading Accounts

FIBO Group Broker offers various types of trading accounts to cater to different trading styles and customer needs. The following types of trading accounts are available with this broker:

  1. MT4 NDD Account (No Dealing Desk): This type of account operates with the MetaTrader 4 (MT4) trading platform and provides access to the interbank market without any intervention from the dealing desk. This account offers limited spreads, fast execution, and the ability to implement different trading strategies.
  2. MT5 NDD Account: Similar to the MT4 NDD account, this type of account uses the MetaTrader 5 (MT5) platform. It offers more advanced trading features compared to MT4 and provides access to a wider range of financial instruments.
  3. cTrader NDD Account: The next account offered by FIBO Group Broker utilizes the cTrader platform, known for its advanced trading capabilities and user-friendly interface. It offers Direct Market Access (DMA) and access to a diverse range of trading instruments.
  4. VIP Account: FIBO Group also offers a VIP account for individuals with high net worth or professional traders. The features and requirements may vary, but typically, VIP accounts provide personalized services, lower trading costs, dedicated customer support, and other exclusive benefits.

It’s important to note that brokerage firms may introduce new account types or make changes to existing accounts over time. For the most up-to-date and accurate information regarding FIBO Group’s account offerings, it is recommended to visit their official website or contact customer support directly.

FiboGroup Features MT4 Fixed MT4 NDD cTrader NDD MT5 NDD
Trading platform MetaTrader 4 MetaTrader 4 cTrader MetaTrader 5
Order execution technology Market Maker No Dealing Desk No Dealing Desk No Dealing Desk
Minimum deposit $50 $50 $50 $50
Fifth decimal point no yes yes yes
Spread from, pips 0,01/0,01 0,01/0,01 0,01/0,01 0,01/0,01
Spread from, pips 1 0,8 0 0
Commission no no 0.003% from the amount of a transaction 0.005% from the amount of a transaction
Leverage 200 400 400 400(for metal – 100)
Stop Out level 20% 50% 20% 50%
CFD trading yes no no no
Currency pairs available 43 32 33 32
Maximum open orders no no no no
Maximum order volume no no no no
PAMM Acount yes yes no no

In fact, FIBO Group has designed two main types of accounts. Therefore, you can choose between the MT4 NDD account or the MT5 NDD account without commissions. The first account starts with competitive variable spreads, beginning from 0 pips. However, you will have to pay a commission for each trade, making it an excellent choice for various trading strategies.

The second FIBO Group account is also commission-free and offers fixed spreads starting from 0.8 pips. This account is highly suitable for beginner traders and is excellent for strategies that require precise spread calculation tailored to market conditions. Additionally, Islamic or swap-free accounts are available for individuals who adhere to Sharia law. These accounts stand out from the others by not incurring overnight fees and offering high leverage options.

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