FiboGroup Indonesia Reviews Read Customer Service Reviews of www

fibo group review

The broker offers the standard contact forms for traders who need help or guidelines regarding their account, funding, the market, etc. You can reach the Fibo Group support team via e-mail, phone line, live chat, and even fax. The customer support is at your disposal 24 hours a day, 5 days a week. If you should have any questions or concerns, just turn to the support team which will kindly help you.

A number of funding options are available from FIBO Group, including bank wire, credit cards, and online payment processors like Skrill and Neteller. Keep in mind that things will change according on your jurisdiction. Then, the spread widened for dozens of pips and even slumps for dozens of pips. FIBO Group, a trading name of FIBO Group Holdings Limited, is an online financial dealer, established in 1998 with four offices worldwide in Shanghai, Alma-Ata, Limassol, and Munich.

Is FIBO Group trustworthy?

FIBO Group can be summarized as a trustworthy broker with a trust score of 60 out of 100. FIBO Group is regulated by CySEC and FSC and offers a maximum leverage ratio of 1:1000 with a minimum deposit amount of $50 USD.

The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. FIBOGroup’s platform support is limited compared to other similar brokers. For traders that trade in large volumes (more than 10 lots a month), it is better to open an account denominated in USD at a digital currency bank, especially for trading on assets such as the EUR/USD. This is because when trading a USD quoted currency pair with another currency account, there will be a small conversion fee for every trade made. FIBO Group offers a limited range of base currencies compared to other similar brokers.

Forex Broker’s Bonuses

FIBO Group offers an account management service to its clients which allows account managers to trade on their behalf. In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. Disappointingly, FIBO Group offers virtually no trading tools, other than the option of PAMM accounts and various automated trading solutions. A no dealing desk broker, FIBOGroup offers market execution, and most trades are executed in under 0.2 seconds. Some of the most overlooked trading costs are the non-trading fees that are charged by brokers.

fibo group review

This simple and reliable automated trading platform lets you copy trades of successful traders to your very own account. No additional software is required, and it won’t take long for you to connect your account. Overall, FIBO Group’s CFD offering is limited to other brokers, which may leave more experienced traders dissatisfied. FIBO Group’s range of instruments for CFD trading is severely limited compared to other brokers, but it offers an extensive range of shares. Managed accounts are great for beginner traders who have limited experience with trading.

Fibo Group Review – 20 key points quick overview:

These fees can significantly affect your profitability and so should be carefully scrutinised. Founded in 1998, FIBO Group is a CySEC-regulated, NDD broker with 2 different account types and full support for MT4. The minimum spread for MT4 Cent Accounts is 0.6 pips, with no commission. The minimum spread for MT4 Fixed Accounts is 2 pips, with no commission. The minimum spread for MT4 NDD Accounts is 0 pips, and the commission is 0.003% of the trading volume.

FIBO Group’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client. FIBO Group also publishes all trading statistics for all accounts, including execution speed, average and minimum spreads, and slippage percentages. Furthermore, FIBO Group offers various measures to ensure the safety and security of its client’s funds, such as segregating client funds from its operating funds and securing its trading platforms with SSL encryption.

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, meet the highest international standards and are under the control of national regulators. The broker offers indeed a series of payment methods, but they also charge withdrawal fees for all methods.

The team of Fibo group review continuously the needs of each trader in order to improve the services offered. Such tools as currency calculator and daily market reviews are intended to help a trader to gather all the market data necessary for trading. Fibo group reviews found on various thematic forums prove that the broker is in much demand in the international currency traders community. The MT4 floating account requires a minimum deposit of $300 and allows trading with variable spreads starting from 0.8 pips and a maximum of 200 to 1 leverage.

Difference Between Swing Trading and Day Trading

Over the years, FIBO Group has won numerous awards, recognizing its dedication to customer service, transparency, and excellent trading systems. This forex broker prides itself on providing customers with everything they need to succeed in trading. FIBO withdrawal options are various including popular bank wire and w-wallets like Skrill.

fibo group review

That being said, we found both the international and European versions of the broker’s websites very easy to navigate and really quite fun. FIBO Group have enjoyed a good reputation over the years and the fact you can open various demo accounts means you can try everything before risking your own money. There are a good range of trading products available making it possible for most traders to find something to suit them. Many of you will be pleased to learn FIBO Group are sticking with a favorite. MetaQuotes trading platforms MT4 and MT5 are available for real live trading and FIBO Group demo accounts. Both these top rated platforms provide you with all the necessary tools and function to make your trading experience seamless and trouble free.

Client support

As with regular stocks, ETFs (Exchange-traded Funds) is an investment fund which is traded on stock markets. It holds assets (bonds, commodities, stocks etc.) and can be traded like regular stocks. Traders can choose between a wide selection of market instruments. FIBO Group offers traders a chance to choose between three popular and reliable platforms.

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FIBO Group is an NDD broker with a long history of client satisfaction and excellent trading conditions across a wide range of accounts. Forex education and analysis are not as detailed as many of FIBO Group’s competitors, and customer service is largely unresponisve. Deposit and withdrawal fees are higher than many brokers too, but options do exist for instant and free funding. Unlike other brokers that offer a range of accounts with higher minimum deposits linked to tighter spreads, FIBO Group offers only two account types on the MT4 platform. Due to global coverage, the company provides also a variety of technologies and solutions to use, suitable for almost every trading need.

  • Fibo is one of the few brokers that supports CTrader in addition to Metatrader 4 and 5.
  • Overall, FIBOGroup’s processing times are slower than the industry average, and FIBOGroup charges high fees for deposits and withdrawal on most payment methods.
  • Payz, PaySafeCard, PerfectMoney, cryptocurrencies, Skrill WebMoney, and bank wire transfers.

Even if the FSC tries its best, the lack of political will ties the hands of the Commission to act properly. We are talking about the CySEC license which is very renowned on European soil. This license provides trust of traders and ensures that the company produces good results.

Most brokers would, in most cases, need traders to fund their accounts around $100 to open a Standard account. It is important for potential traders to do thorough research before deciding on which broker to trade with. When trading with a Forex company that is regulated in the countries its services are offered, it automatically protects customers as the company is bound to adhere to certain rules and regulations. Foreign exchange companies, such as FIBO Group, offer private and institutional customers an electronic trading platform to trade in a wide selection market instruments such as forex, commodities, financials and shares. Fibo is one of the few brokers that supports CTrader in addition to Metatrader 4 and 5. The account offered to FXFinancer traders is MT4 NDD, which is offered on the Metatrader 4 trading platform.

You may simply choose from a variety of EAs or even create your own one with the MQL4 editor. FONTEN CORPORATION LIMITED is a 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. The company does not charge any withdrawal fees; however, banking institutions may charge some fees.

Some options are free for deposit and withdrawal and some take a little bit of charge. The minimum amount of funding is $1 and the minimum withdrawal is $80. The only cTrader NDD account provides the cTrader trading platforms. You can use any of these from PC and Mobile devices also available web trading terminal. FIBOGroup offers MQL language-based MetaTrader platform MT4 and MT5. Like many other brokers, Fibogroup also has a first deposit bonus, traders can benefit from a free bonus by registering and opening an account in Fibogroup.

The broker provides a variety of live, PAMM, and demo account choices, as well as trading on MT4, MT5, and cTrader. Online trading involves significant risk, and you may lose all of your invested capital. Please ensure that you understand the risks involved and note that the information fibo group review contained in this article is for general information purposes only. They offer a variety of funding methods that cater to different jurisdictions. The team consists of professional and multilingual employees available to assist you 24 hours a day, five days a week.

There are two main centers of operation, both of which are licensed and regulated. In Europe, FIBO Group Holdings Ltd is a company with offices in Limassol Cyprus, and as such comes under the regulation of CySEC. FIBO Group Ltd is registered in the British Virgin Islands where it is licensed to provide investment services and regulated by the FSC. There are various offices located throughout the world including Singapore, Mosco, Munich, Vienna Kiev, and Shanghai.

You should consider whether you understand how CFDs and leveraged trading work and if you can afford the high risk of losing your money. We may receive compensation when you click on links to products we review. The cTrader platform allows professional traders and novices to use NDD (No Dealing Desk) technical currency transactions in the currency exchange market. It also allows users to directly trade with international banks to avoid intermediaries in the real trading environment. When it comes to withdrawing funds from FIBO Group, the currency, and method used to credit your trading account will determine the money used to withdraw your funds.

Is FIBO Group trustworthy?

FIBO Group can be summarized as a trustworthy broker with a trust score of 60 out of 100. FIBO Group is regulated by CySEC and FSC and offers a maximum leverage ratio of 1:1000 with a minimum deposit amount of $50 USD.

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