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?

The world of trading and every type of investment is not immune to various scams and fraudulent schemes. From Ponzi schemes, pump and dump schemes in cryptocurrencies, to unscrupulous companies for Prop trading, to fraudulent brokers, all are things one must be vigilant about.

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 accounts. 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.

FIBO Group Fees and Costs

FIBO Group’s spread options will vary depending on the two types of accounts they offer. This means there’s an option for trading with a fixed spread and no commission, or with a variable spread and a simultaneous 0.003% commission. This choice essentially provides an outstanding option, allowing you to select the best option based on your trading strategy and see what works best for you.

However, you should always consider a rollover fee as part of the transaction costs. This fee is charged for positions held for more than a day. For instance, the rollover for the EUR/USD currency pair is around 1.38% for long positions and 0.68% for short positions.

Deposit and Withdrawal Methods

FIBO Group Broker also offers flexible deposit and withdrawal options, ensuring secure and reliable fund transactions. These payment methods include bank transfers and card payments.

Additionally, online payment systems via Bitcoin or blockchain, Neteller, Skrill, Qiwi, CashU, FasaPay, DixiPay, PayDo, and others are available. However, inquire with FIBO broker support services to determine which payment method is more suitable based on the institution you’re dealing with and your place of residence.

Minimum Deposit at FIBO Group

The minimum deposit requirement to open an account with FIBO is $100, allowing you to access a commission-free NDD account and start trading. However, opening an NDD account with commissions initially requires $300.

Withdrawals from the Account

FIBO Broker’s withdrawal options include bank transfers and popular e-wallets like Skrill. However, it’s important to note that depending on the terms and payment method used, some fees may apply. Generally, there’s no withdrawal fee, but fees for some gateways may range between $35 to $50 per transfer.

Trading Platforms at FIBO Group Broker

FIBO Group offers multiple trading platforms to cater to different traders’ preferences and needs. While available platforms may evolve over time, as of my last update in September 2021, FIBOGroup offers the following trading platforms:

MetaTrader 4 (MT4): MT4 is a widely used and popular trading platform known for its user-friendly interface and extensive functionality. It provides a wide range of tools for technical analysis and automated trading through Expert Advisors (EAs).

MetaTrader 5 (MT5): MT5 is the successor to MT4 and offers more advanced features compared to its predecessor. It provides advanced charting tools, improved programming language, additional order types, and access to a wider range of financial instruments. MT5 is available for desktop, web, and mobile devices.

cTrader: cTrader is another supported platform at FIBO, a powerful trading platform designed for trading via ECN (Electronic Communication Network). It offers direct market access (DMA), transparent pricing, market depth information (DOM), and advanced order execution. cTrader is available for desktop, web, and mobile devices.

FIBO Group Mobile Apps: FIBO Group also offers mobile trading apps compatible with iOS and Android devices. These apps are designed to provide convenience and flexibility for traders who prefer accessing the market via their smartphones or tablets.

Since platform choice is a priority, FIBO Group customers can enjoy one of the most popular and powerful platforms in the industry, MetaTrader 4 (MT4). This platform is also available via the web-based MT4 version, which is a user-friendly tool compatible with any operating system. Additionally, the platform’s application is available for Windows, iOS, and Android devices.

Various types of trading orders with instant execution along with comprehensive technical indicators are available on MT4. MT4 also facilitates automated trading opportunities without limitations through Expert Advisors (EAs). You can easily choose from various EAs or even create your own EA using the MQL4 editor.

Social Trading or Copy Trading

Automated trading (AutoTrade) with a social trading platform like Myfxbook is also available as a reliable method for copying successful traders’ trading strategies. This platform is an excellent feature for both beginner traders and professionals who wish to gain followers. Other features provided by FIBO Group ‌Broker are designed for account managers or professionals. This tool can provide a strong investment opportunity with powerful, extensive, feature-rich, and highly responsible trading tools.

Summary of FIBO Group Review

An overview of FIBO Group broker indicates that the company’s services are provided across all major markets in Europe, Asia, the Middle East, North Africa, and CIS countries. This is while offering a wide range of trading services and tools for selection. FIBO Group, with its global coverage, uses various technologies and solutions, making it suitable for almost any trading need.

Summary of FIBO Group Review

Features such as seamless and intervention-free trade execution, choice between trading strategies, fixed or variable spreads, high leverage usage, competitive trading conditions, and even copy trading capabilities are provided by FIBO Group.


  1. Regulated by FSC and CySec, ensuring credibility.
  2. 23 years of operating experience.
  3. Easy deposit and withdrawal in local currency.
  4. Offers fixed spread option.
  5. Provides Cent accounts.
  6. Offers the cTrader trading platform.


  1. Lack of 24-hour Persian customer support.
  2. Bonuses offered are not very appealing.



Is FIBO Group Broker regulated and reputable?

Yes, FIBO Broker is regulated and licensed by the Cyprus Securities and Exchange Commission (CySEC) and also the Financial Services Commission in the British Virgin Islands (FSC BVI).

Is FIBO Broker safe?

FIBO Broker utilizes reputable and well-known trading platforms (MetaTrader and cTrader) that protect data exchange using SSL encryption. One-time password (OTP) is also used in the user panel.

Does FiboGroup offer a no-deposit bonus?

Currently, FiboGroup offers a 100% bonus on deposits of at least $100. You can always check the website or subscribe to the newsletter to stay informed about any new offers.

Which instruments are tradable in FIBO Group?

In FIBO Group broker, you can trade 70 different symbols including currency pairs, major world indices, as well as commodities like crude oil as CFDs. It’s worth mentioning that similar to some other brokers, there is the possibility to trade many cryptocurrencies in this broker.

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