FIBO Group Review Is Fibogroup.com Legit Or Scam

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FIBO Group Review

FIBO Group

Leverage: 1:30 | 1:1000

Regulation: FSC, CySEC

Min. Deposit: 300 US$

HQ: BVI

Platforms: MT4

Found in: 1998

FIBO Group Licenses

  • FIBO Group, Ltd. – authorized by FSC (BVI) registration no. SIBA/L/14/1063.
  • FIBO Group Holdings, Ltd – authorized by CySEC (Cyprus) registration no. 118/10

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In your research about brokers and trading offering it is indeed essential to select the provider that suits your trading needs and propose the best solutions. For this reason, we assist in choices by reviewing brokers, providing detailed information and support in selection among offering, and here is FIBO Group Review among others.

What is FIBO Group?

International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) is one of the oldest players in internet trading, with its history started back in 1998. From the first day of work, the broker always adheres to the principles of transparent activities, with the protection of the interests strict compliance to observe laws.

FIBO Group Company was established in the BVI and still headquarters there, however broker enhanced their offering through an additional entity located in Cyprus with respected European regulatory authorization and possibility to invest safely. Moreover, FIBO Group world coverage includes high-quality support established through Vienna, Limassol, Shanghai, Singapore, Munich, Kiev and Astana offices.

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The trading product range includes offering to the retail clients or Money Managers as well as Investor programs through PAMM service. Forex trading through FIBO Group represents 60 currency pairs, including cryptocurrencies, with high leverage possibilities and low spreads through NDD Execution model, and CFD with no swaps 0% commissions through the reasonable fixed spread.

Generally speaking, FIBO Companies of the holding for the years of operation won numerous awards for their excellent customer service and Brokerage firm achievements, along with thousands of satisfied clients they serve around the world.

Nevertheless, to understand offering in a detail you should always check the most important information of the broker’s proposal. In this purpose this review covers the following highlights:

Is FIBO Group safe or a scam?

FONTEN CORPORATION LIMITED is registered Financial Services and activity firm and is the company of FIBO Group, Ltd. regulated by the Financial Services Commission, British Virgin Islands. In fact, BVI is offshore with fairly low regulatory requirements and standards towards financial firms. However, additional entity FIBO Group Holdings, Ltd is a Company established in the Republic of Cyprus, which was licensed by the Cyprus Securities and Exchange Commission (CySEC) to provide its services to EU residents and further.

Therefore, according to the European regulation which goes in parallel with offshore registration of FIBO Group, we can conclude the broker as a safe choice to invest.

The broker provides the provision of investment services and secure trading along with professional indemnity insurance, and in addition is a member of the Investor Compensation Fund (ICF). The customers and partners can be assured that all services, provided by any of the companies within the FIBO holding Group, meets the highest international standards and are under the control of national regulators.

FIBO Group Trading Platforms

Since the choice of the platform stands on the paramount priority, the clients of FIBO Group can enjoy the most popular and one of the most industry powerful platforms MetaTrader4. The platform is also available through MT4 WebTerminal as an easy feature which does not require a download and compatible with any operating system, also is suitable for Windows, iOS and Android devices by its mobile application.

Together with its comprehensive built-in technical indicators, all types of trading orders and instant execution, MT4 also allows automated trading opportunity through its known EAs or Expert Advisors with no limitations. You may simply choose from a variety of EAs or even to create your own one with MQL4 editor.

In addition, AutoTrade or a social trade platform myfxbook as a reliable way to copy deals from the successful traders to your account is generously available at FIBO platform too. This platform is a great feature for beginning traders, as well as professionals who would like to earn followers.

Another access offered by FIBO Group is designed for Money Managers or Professionals that may deploy their trading opportunity by vast powerful instruments bringing investment to a different, highly responsible and powerful feature.

FIBO Group Costs and Accounts

There are two account types designed by FIBO group, so you may choose between MT4 NDD Account or MT4 NDD No Commission Account. While the first account offers competitive variable spread from 0 pips you will need to pay commission per transaction, making it a great account type for various trading techniques. And the second account NDD No Commission designed with a fixed spread from 0.8 pips and is amazing for beginning traders or those strategies that require the strict calculation of a spread under any market conditions.

Moreover, the Islamic or Swap free accounts are available for those who follow Sharia rules and featured with no overnight fees and high leverage options.

The FIBO Group spread varies between the two offered account types, while there is an option to trade either with fixed spread and no commission or with variable spreads and 0.003% commission from the transaction. It is actually, a fantastic option, as allows you to choose the best option according to the trading strategy you deploy and see what is best for you.

Also, you should always consider an overnight fee or rollover as a trading cost. It is charged on the positions held longer than a day, as example EUR/USD rollover is around -1.38 for long positions and 0.68 for short. Also, you may see a sample of FIBO spreads below as well check out another broker KAB.

FIBO Group Leverage

While trading with FIBO Group you are offered to use leverage, or a loan taken from the broker with a purpose to increase your trading size. Leverage brings vast capabilities and possibility of higher gains, in case you use tool smartly and do not involve yourself in high risks.

Besides, the leverage levels are also determined by the regulatory restrictions, alike trading with European entity of FIBO Group you will automatically fall under ESMA regulation, which lower allowed leverage to a maximum of 1:30 for Major Currency pairs and even 1:10 for Commodities. However, global FIBO group allows accessing highest possible leverage up to 1:1000, which is a fantastically high level you should definitely be careful with.

FIBO Group Payment Methods

FIBO Group included flexible deposit or withdrawal options to their offering too, which allows secure and reliable transactions of funds. The payment methods including Bank Wire Transfers, Card Payments, as well as Payment Systems and Online Payments through Bitpay or Blockchain, Neteller, Skrill, Qiwi, CashU, fasapay, DixiPay, PaytoDay and ecoPayz, etc. Yet, make sure to check with the support service which payment method available according to the entity you trade with, as well to your residence.

Also, you should note that depending on the conditions and method of payment you use, there are some fees may be waived. Typically fees are none, but some options range from 35-50$ per transfer.

And the last untouched point is a minimum deposit requirement. There is an option to start trading with only 100$, which allows to access NDD No Commission account and start trading. While NDD Account requires 300$ at the beginning.

Conclusion on FIBO Group

FIBO Group review overall shows the brokerage company that spreads its services within all major markets, Europe, Asia, MENA and CIS regions, while bringing a range of services and trading instruments to choose from. Due to the global coverage, the company provides also a variety of technologies and solutions to use, suitable for almost every trading need. Either there is a need of seamless execution with no interventions, a choice between strategies built on a fixed spread or variable one, a necessity to use high leverage, competitive trading conditions or even Social trading capabilities it’s all available in FIBO Group.

Nevertheless, it would be good to know your personal opinion about FIBO Group, you may share your experience in the comment area below, or ask us for some additional information.

FIBO Group Review: Is Fibogroup.com Legit Or Scam?

Fibogroup.com Review: this is the name of a Forex broker that is based in the offshore location of British Virgin Islands. Is FIBO Group to be trusted as a legit Fore broker? There is a scary rise in the number of scam Forex brokers in the world at the moment. This makes it important to have enough details about a broker you want to choose, read this review to know more.

The location provided for the broker on the page is an offshore location, of British Virgin Islands. Forex trading goes on without proper regulation in this kind of location making it a choice base for scam companies. Trading with a Forex broker that is unlicensed pose many dangers to traders’ funds. Misappropriated funds may not be recoverable by the government as well.

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Further, since no commission is monitoring them, they are not under obligation to trade fairly. They would be less likely to follow trading rules set to guide those involved in the Forex market.

Advantages of FIBO Group

The website of the broker mentions that the spreads used are low and the deposits and withdrawals are fast and flexible. It has been running since 1998 and is available around the world. There is a mention of several awards which we find difficult to believe because many Forex brokers also falsely claim to be awarded like this.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

They offer managed accounts as well which we have come to view as a disadvantage rather than an advantage. This is because many brokers are Market Makers and they gain when traders lose funds. Hence, if this kind of broker handles a trader’s account, they would intentionally make them lose money.

FIBO Group Trading Platform

FIBO Group offers traders a multiple choice of trading platforms between MT4, MT5 and cTrader. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are 60+ currency pairs, 20+ cryptocurrencies, and CFDs on 5+ commodities. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is 1:1000 and while this may be viewed as generous, they could pose danger. High leverages can lead to huge loss of funds as well. Spreads are not disclosed on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on FIBO Group

The means of making deposits with the broker are: Bank wire, BitPay, Blockchain, CASHU, Connectum, DixiPay, ecoPayz, FasaPay, Neteller, PaySafe Card, RegularPay, Skrill, and WebMoney. Minimum deposit required is $1 and this is within the average minimum of $100 – $250 obtainable among brokers.

Withdrawals are allowed via the following: Bank wire, Bitcoin, Connectum, DixiPay, Neteller, Qiwi, Skrill, and WebMoney. Withdrawal fees are not disclosed and we prefer the broker to mention if they apply or not.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is FIBO Group Licensed?

Like we stated above, the website of FIBO Group mentions that it is regulated by the Financial Services Commission of the British Virgin Islands. This authority is not as trustworthy as other top European commissions. Many traders are not satisfied with this kind regulation as they are often as strict as necessary.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To reach the customer support representative of the broker, dial: =357 25 030 930 or send an email to [email protected]

Conclusion

The license that the Forex broker claims to have is not really trustworthy. It claims to be regulated by the Financial Services Commission of the British Virgin Islands. Many traders are not satisfied with this kind regulation as they are often as strict as necessary.

Its trading conditions seem attractive but the leverage is high and dangerous. There are many countries in which it is prohibited and traders should take note of this as well. If you have anything to add to this review, do so in the comments section.

COMPARE WITH A TRUSTED BROKER

Fortrade

Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide.. visit their official website

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We are one of the oldest players on marginal internet-trading market

We have offices in Europe, Central and East Asia

We are generally recognized by our customers and the professional community

FOREX/CFD quotes

Symbol Spread Bid-Ask
EUR/USD 0.4 1.0904 4 —04 8
GBP/USD 1.3 1.2341 7 —43 0
USD/CAD 1.1 1.3998 3 —99 4
USD/JPY 0.6 108.82 3 —82 9
Symbol Spread Bid-Ask
AUD/USD 0.8 0.6196 6 —97 4
EUR/GBP 1.6 0.8834 4 —36 0
EUR/JPY 1.1 118.66 6 —67 7
USD/CHF 0.9 0.9691 8 —92 7

Analytics

The world of trading has no boundaries

Events calendar

Time Period Event Forecast Prev
Day April Eurogroup Meetings
22:00 March Consumer Credit m/m 13.9B 12.0B
02:50 March Core Machinery Orders m/m -2.9% 2.9%
02:50 February Current Account 2.02T 1.63T
08:00 March Economy Watchers Sentiment 22.2 27.4
08:00 March 10-y Bond Auction 0.31|2.2
08:00 March German 10-y Bond Auction -0.77|1.0
15:15 March Housing Starts 173K 210K
15:30 February Building Permits m/m -4.0% 4.0%
17:30 March Crude Oil Inventories 9.8M 13.8M
20:01 FOMC Meeting Minutes

Full calendar

A Partner gets a monthly commission for introducing new clients to the Company. The more clients a Partner brings, the higher their activity is and the more trading deals they make, the higher the commission a Partner will receive. Once attracted by a Partner, a client is registered to him for all the time he works with the Company. This is what creates the preconditions for stable growth of a Partner’s commission.

You earn commission on every introduced client for as long as he or she trades with FIBO Group, regardless of whether his or her trades are profitable or not. You always have an opportunity to increase your revenue when you go over to the next level of our progressive scale of commission.

You don’t have to be a legal entity with an office and personnel. We don’t care about your education, experience and place of living. Also, this activity doesn’t require you to make an initial investment; you just need a computer and Internet access. Are you familiar with the Forex market? Do you have a background in promotion and sales? Have you got your own web-site? These features are enough to become a successful Partner of our Company.

You will cooperate with FIBO Group – a reliable partner with a flawless reputation. Long-term experience in this business lets us provide services and guarantee them to be of a high class standard.

We are ready to help you with advertising or marketing policy for proper promotion of our services. We provide top-end informational, analytical and marketing support, allowing our partners to carry on successful advertising campaigns.

  • Trading in your browser
  • Compatibility with any operating system (Windows, Mac OS, Linux)
  • One Click Trading
  • Trading history
  • 30 indicators for technical analysis
  • Graphic objects (lines, arrows, text and text labels)
  • Trading operations of any kind
  • Real-time quotes in Market Watch
  • 9 time frames

Web terminal of the popular MetaTrader4 trading platform by MetaQuotes – friendly trading online.

MetaTrader 4 is one of the most popular CFD and FOREX trading platforms in the world. Thousands of traders pay tribute to this user-friendly and useful software.

MetaTrader 4 is provided with an in-built programming language, MQL (MetaQuotes Language 4), allowing a trader to create own indicators and experts, and test them on historical data.

One of the most popular Forex trading platforms is now available on your PC absolutely free of charge.

One of the most popular Forex trading platforms is now available on your Android device absolutely free of charge.

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cTrader platform provides access to trading on the currency exchange markets using the NDD (No Dealing Desk) technology for professional traders and for newbies as well. It allows users to trade with the international banks directly, avoiding any intermediaries in the live trading atmosphere.

Easily adjustable proxy servers allow quick connection from any location, overcoming any barriers. The platform supports 14 languages.

One of the most popular Forex trading platforms is now available on your PC absolutely free of charge.

One of the most popular Forex trading platforms is now available on your Android device absolutely free of charge.

One of the most popular Forex trading platforms is now available on your iPhone and iPad device absolutely free of charge.

MetaTrader 5 platform fully corresponds with the latest international practices of online trading via the NDD (No Dealing Desk) technology. Characteristic features of the NDD technology from FIBO Group are a high speed execution of orders, fixed floating spreads and the commission in the amount of $ 20 per million. In addition, the number of digits after the decimal point has increased from 4 to 5.

One of the most popular Forex trading platforms is now available on your PC absolutely free of charge.

Activity of FIBO Group, Ltd. Company is regulated by the Financial Services Commission ( FSC ) BVI, registration number of the licence: SIBA/L/13/1063. Trading on Forex market implies serious risk including the risk of loss of all the funds invested. Please, take into account that trading on the forex market isn’t suitable for all investors and traders.

FONTEN CORPORATION LIMITED (registered number 94046) is registered in Suite 925a, Block 8/9, Europort, Gibraltar.

Unfortunately the services of the company aren’t provided to residents of Australia, Austria, Belgium, Great Britain, Iraq, North Korea and the USA.

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