Overview/ background
Fibo Group a.k.a. Financial Intermarket Brokerage Online Group has a decades-old history of financial trading services. The company was founded 20+ years ago, in 1998. The brains trust behind Fibo Group espouses transparency, integrity, and security, in accordance with the strictest standards in the industry. The company and all its subsidiaries operate under the auspices of national regulators. Fibo Group is fully licensed by multiple authorities, and currently holds the following accreditation: Certificate of Incorporation, Certificate of Good Standing, Financial Institutions Professional Indemnity Insurance, Financial Institutions Directors & Officers Insurance, and Investment Business License.
The Fibo Group was rated the Best CFD Broker at the Forex Expo in 2011, and the Best Forex Execution House Russia & CIS 2012, by Global Banking & Finance Review. The company’s offices are spread around the world, in Limassol, Munich, Kyiv, Almaty, Shanghai, Vienna, and Singapore. A wide range of asset management services is currently available, including balanced management, aggressive management, and individual management. Investment strategists have pinned target profit percentages to each strategic asset management objective. Among the many features showcased at Fibo Group are personalised attention, unique methodologies, powerful trading systems, customisation of reports, loss limits, and investment volumes beginning at $50,000.
Account Types
Fibo Group offers several types of trading accounts to clients. These include the following options:
- MetaTrader 4 NDD (no dealing desk)
- MetaTrader 4 CENT
- MetaTrader 4 NDD (No Dealing Desk No Commission)
- MetaTrader 4 Fixed
- MetaTrader 5 NDD (No Dealing Desk)
- cTrader NDD (No Dealing Desk)
MT4 Cent is designed for new forex traders. It is also best suited to clients who don’t have a lot of money available for investing in Forex. The calculations are denominated in cents, and it is ideally suited to traders with trading bots under real market conditions. The minimum deposit is $0.00.
MT4 Fixed allows for instant execution of trades, and is best for manual trading purposes. By testing out different types of tactics and strategies, MT4 Fixed is ideally suited to strategic trading where fundamental analysis and charting features come into play. The minimum deposit is $300.
MT4 NDD No Commission accounts allow for business activity with big-name liquidity providers. The fact that there are no fees and low spreads makes it much more beneficial to trade with this type of MetaTrader 4 account. The minimum deposit is $300.
MT4 NDD is the no dealing desk option available to forex traders who enjoy intraday trading activity. These types of accounts are associated with no re-quotes, minimal floating spreads and rapid executions of orders. It is best suited to scalpers and bots. The minimum deposit is $300.
cTrader NDD accounts are also ideally suited to short-term traders. These types of accounts have deep liquidity with top banks, offer no re-quotes and feature instant market execution. There are extensive analytical capabilities such as charting, graphs and other fundamental analysis. The minimum deposit is $100.
With MT5 NDD, this no dealing desk account has a minimum deposit requirement of $500, and leverage of 1:100. There are 42 currency pairs available with this account.
Trading Platform/ software
The Trading Platforms include MetaTrader 4, cTrader, and MetaTrader 5.
MT4 – is compatible with web terminals, Android and iOS devices, and Windows computers. This universally popular trading platform features 50 technical indicators, automated trading capabilities, wide-ranging trading orders, and instant execution. It also has 128-bit encryption technology and electronic signature verification.
cTrader – is a forex trading platform with no dealing desk technology. It is ideal for trading several accounts. There are 14 supported languages on the platform, and a full suite of technical analysis tools is available. Traders can also create their own indicators and enjoy rapid processing of orders too.
MetaTrader 5 – this is the upgraded version of MetaTrader 4, and it features all trading functionality in one trading platform. There are extensive analytical opportunities available and 4 order execution types for spot metals, and currency pairs.
Deposit options
The Deposit Options include electronic payment systems, bank cards and, bank wire transfer. Bank deposit fees typically range between $35 and $50 with a processing time of 2 – 5 days. With credit cards, there are no commissions and deposits are typically received within several hours. When Paysafecard is used, deposits are received immediately and there are no commissions. Fibo Group also accepts Bitcoin payments and Bitcoin Cash payments. Other options include WebMoney, NETELLER, Skrill, Qiwi Wallet, CashU, FasaPay, DixiPay, PaytDay, Payz, and TVC.
Markets
The range of financial instruments currently available at Fibo Group includes forex, CFDs, and PAMM. These are available in demo mode or real money mode. There are 60 currency pairs currently supported on the platform including major pairs, minor pairs and exotic currency pairs. With low spreads and leverage as high as 1:1000, clients can enjoy fully supported trading functionality on PC, Mac and mobile devices. Popular currency pairs such as EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF, EUR/JPY, EUR/GBP, and AUD/USD are available. PAMM extra income options are also available, and CFDs are available too.
Bonuses
Our forex consultants contacted the customer service team via live chat. Unfortunately, FiboGroup does not currently offer any bonuses to new clients.
Customer Support
Customer support is available through several options at this trading brokerage. The easiest way to get in touch with a support representative is LiveChat. Agents are typically available to resolve queries within a minute. The professionalism and service excellence provided by customer support representatives is impressive.
A dedicated FAQ section is also available to clients, partners, and investors. The client FAQ provides plenty of assistance on all aspects of trading including trading platforms, trading software, number of accounts, trading terms and glossary, charges, trading history, and expert advisors/robots.
The telephone number is +43-1-346-999-9009. The client services team is adept at handling queries, and they provide satisfactory responses on a range of topics including technical, banking, registration, and trading issues. Services also available in multiple languages including English, French, Italian, Russian, Turkish, Chinese, Polish and others.
Safety
Safety is a #1 priority at this forex brokerage. This is evident in the extensive licensing and regulation, and compliance standards at the company. Fibo Group has been operational since 1998, and has an established reputation as a safe, secure and reliable broker. With thousands of global customers, and offices in the British Virgin Islands and Cyprus, this company conforms to all the legal requirements as mandated by the Investor Compensation Fund, and the Cyprus Securities and Exchange Commission. The company is also regulated by the Financial Services Commission of the British Virgin Islands.
Ease of Use
Fibo Group platforms are easy-to-use. Whether it’s cTrader, MT4 or MT5, it doesn’t take much effort to get up and running with this forex brokerage in Demo mode, or real money mode. To get started, clients simply need to select an account type. Two options are available – demo account or real account. The requirements for opening a real account include mandatorily biographic information such as first name, last name, email and telephone number. Once the requisite information has been entered, clients can easily proceed through the registration process, fund their account, and start trading Forex.
Final Thoughts
Fibo Group is certainly one of the finer forex brokerages on the market. It is a well-established company with global operations, a wide range of assets, and a customer-centric focus.
