FiboGroup

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	Official Website
Leverage	1:1000
Minimum Deposit	$50
Regulation	CySEC, FSC
Year Established	1998
Payment Methods	Bank Transfer, Credit/Debit Cards, Skrill, Neteller, WebMoney
Trading Assets	Forex, Commodities, Indices, Cryptocurrencies, Stocks
MT4	✅
MT5	✅
Spreads	Very Low
Average cost: EUR/USD	0.3 pips
Demo Account	✅
Islamic Account	✅
CopyTrading	❌
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Contact Information	Email: support@fibogroup.com, Phone: +357 25 030 935
Address	Griva Digeni 44, 1st Floor, Office 102, Larnaca, 6031, Cyprus
Rating	★★★★☆ 4.3
Website	Official Website

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Pros and Cons

Is FiboGroup the Right Broker for You? An In-Depth Analysis

Since its establishment in 1998, FiboGroup has grown to become one of the leading brokers in the online trading industry.

With a rich history spanning over two decades, it has earned a reputation for providing reliable and diverse trading services.

The broker offers a range of account types, trading platforms, and instruments designed to meet the needs of both novice and experienced traders.

This detailed review will explore the various aspects of its services, including regulatory standing, trading platforms, fees, customer support, and more, to provide a comprehensive understanding of what it offers to traders.

Company Overview and Background

FiboGroup, also known as the Financial Intermarket Brokerage Online Group, operates globally with a presence in key financial hubs, including Cyprus, Austria, and Kazakhstan.

It caters to a broad audience by offering tailored solutions that align with different trading goals and levels of expertise.

The broker’s long-standing presence in the industry is a testament to its stability and adaptability in an ever-evolving market.

Operating under the umbrella of international regulatory bodies, it ensures that clients receive a secure and transparent trading environment.

Its commitment to providing a range of trading instruments, competitive spreads, and robust platforms has made it a preferred choice among many traders worldwide.

Regulatory Environment and Safety Measures

Regulation is a cornerstone of trust for any broker, and FiboGroup operates under the scrutiny of several respected regulatory bodies.

The firm’s adherence to stringent regulatory standards ensures a secure trading environment, which is critical in protecting users’ investments and maintaining market integrity.

The primary regulatory bodies overseeing the company include:

• Cyprus Securities and Exchange Commission (CySEC): This European regulator ensures that the firm complies with EU financial regulations, including the Markets in Financial Instruments Directive (MiFID II), which governs the provision of investment services across the European Economic Area.
• Financial Services Commission (FSC) of the British Virgin Islands: This regulatory body provides additional oversight, particularly for the international operations. The FSC’s regulations are designed to protect investors and ensure that financial markets operate fairly and efficiently.

In addition to regulatory oversight, it employs several safety measures to safeguard funds and data.

These measures include:

• Segregated Accounts: Client funds are held in segregated accounts, separate from the company’s operating funds, reducing the risk of misuse.
• Negative Balance Protection: This feature ensures that nobody cannot lose more than their initial investment, providing an added layer of financial security.
• SSL Encryption: All transactions and personal data are protected by SSL encryption, which prevents unauthorized access and ensures data privacy.

These regulatory and safety measures collectively enhance their credibility and appeal, making it a trusted choice for traders looking for a secure trading environment.

Trading Platforms

FiboGroup offers multiple trading platforms to meet the diverse needs of its clientele.

The broker provides access to the widely recognized MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader platforms.

Below is a detailed look at each platform and its offerings, summarized in a comparative table:

Platform Comparison Table

MetaTrader 4 (MT4)

MT4 is widely known for its user-friendly interface and comprehensive suite of trading tools.

It is particularly popular among forex traders due to its robust features and ease of use. Key features of MT4 include:

• Technical Analysis Tools: MT4 offers hundreds of technical indicators and charting tools, which are essential for users performing technical analysis.
• Automated Trading with Expert Advisors: MT4 supports automated trading through the use of EA, which can execute trades based on predefined criteria, making it easier for investors to implement complex strategies without manual intervention.
• Customizable Interface: Users can customize their trading environment by adjusting the layout, adding indicators, and saving templates, allowing for a personalized trading experience.
• Mobile Trading: MT4’s mobile version provides the same level of functionality as the desktop version, enabling individuals to manage their accounts from anywhere.

MetaTrader 5 (MT5)

MT5 is the advanced version of MT4, offering additional features and enhancements that cater to more sophisticated trading needs.

While it retains the user-friendly nature of MT4, it expands on the available tools and functionalities.

Notable features of MT5 include:

• More Order Types: MT5 offers additional order types, including buy stop limit and sell stop limit, which provide more flexibility in managing trades.
• Extended Timeframes: MT5 includes more timeframes and charting options than MT4, allowing for more granular analysis of market trends.
• Depth of Market (DOM): MT5 includes a DOM feature, which provides insight into market liquidity and order flow, aiding customers in making more informed decisions.
• Built-in Economic Calendar: This feature allows investors to keep track of important economic events and announcements that may impact market movements.

cTrader

cTrader is another platform offered, known for its sleek design and advanced trading capabilities.

It is particularly favored by traders who seek a more intuitive and visually appealing trading environment.

Its standout features include:

• Advanced Charting: cTrader’s charting tools are highly customizable, offering a range of indicators, drawing tools, and templates.
• Automated Trading with cAlgo: Similar to MT4’s EA, cTrader supports automated trading through cAlgo, allowing users to develop and deploy their trading algorithms.
• Transparent Pricing: It is known for its transparent pricing model, providing clear visibility of spreads and commission costs.
• Fast Execution: The platform is optimized for speed, ensuring that trades are executed swiftly with minimal slippage, which is crucial for strategies such as scalping.

Account Types

FiboGroup offers 4+1 account types designed to cater to the specific needs of different individuals.

Each account type has its set of features, trading conditions, and minimum deposit requirements, allowing traders to choose an account that best suits their trading style and experience level.

Below is a detailed look at the available account types, summarized in a comparative table:

Account Types Comparison Table

MT4 Cent Account

The MT4 Cent Account is ideal for beginners who want to start trading with smaller amounts.

This account type allows traders to trade in cent lots, reducing the risk exposure while they learn the ropes of trading.

• Minimum Deposit: $50
• Spreads: Floating, starting from 0.6 pips
• Leverage: Up to 1:1000
• Trading Instruments: Forex, metals
• Features: No commissions, ideal for testing strategies and getting accustomed to the trading platform without significant financial commitment.

MT4 Fixed Account

The MT4 Fixed Account offers fixed spreads, which can be advantageous for those who prefer more predictable trading costs, especially during times of market volatility.

• Minimum Deposit: $50
• Spreads: Fixed, starting from 2 pips
• Leverage: Up to 1:200
• Trading Instruments: Forex, metals
• Features: No commissions, suitable for people who prioritize consistent spreads over the lowest possible cost.

MT4 NDD Account

The MT4 No Dealing Desk (NDD) Account is designed for investors who seek tighter spreads and direct access to market liquidity.

This account type provides a more professional trading environment with competitive pricing.

• Minimum Deposit: $300
• Spreads: Floating, starting from 0 pips
• Leverage: Up to 1:400
• Trading Instruments: Forex, metals
• Features: Commission of $3 per lot, ideal for scalpers and high-frequency traders who need fast execution and low trading costs.

MT5 NDD Account

Similar to the MT4 NDD Account, the MT5 NDD Account offers direct market access but with the enhanced features of the MT5 platform.

This account type is suited for clients who prefer using MT5 and require access to a broader range of trading instruments.

• Minimum Deposit: $500
• Spreads: Floating, starting from 0 pips
• Leverage: Up to 1:400
• Trading Instruments: Forex, metals, indices, commodities
• Features: Commission of $3 per lot, suitable for professionals who benefit from MT5’s advanced functionalities.

Trading Instruments

FiboGroup provides access to a diverse range of trading instruments, allowing diversifying portfolios across different asset classes.

The availability of multiple instruments enables anybody to take advantage of various market conditions and opportunities.

Here’s a detailed breakdown of the trading instruments offered:

• Forex: The broker offers a wide selection of currency pairs, including majors, minors, and exotics. Forex trading is one of the most popular choices among its clients due to its high liquidity and around-the-clock trading hours.
• Metals: Precious metals such as gold and silver are available, providing people with options for hedging against inflation and market volatility.
• Commodities: In addition to metals, the broker offers trading in other commodities, including oil and natural gas. These instruments are attractive to traders looking to diversify their portfolios beyond traditional forex trading.
• Indices: Major global indices such as the S&P 500, NASDAQ, and FTSE 100 are available for trading, offering exposure to broader market movements.
• Cryptocurrencies: FiboGroup has embraced the growing demand for digital assets by offering trading in popular cryptocurrencies like Bitcoin, Ethereum, and Litecoin. This provides users with opportunities to participate in the volatile but potentially lucrative crypto market.
• Stocks: It also provides access to shares of leading global companies, allowing individuals to take positions in individual stocks.

This broad range of instruments makes it an appealing choice for clients who wish to diversify their strategies across different asset classes.

Fees and Commissions

The fee structure is competitive and designed to suit a wide range of trading styles.

Understanding the cost of trading is crucial, as fees can significantly affect overall profitability.

Below is a comprehensive analysis of the fees and commissions associated with trading:

• Spreads: The broker offers both fixed and variable spreads, depending on the account type. For instance, the MT4 Fixed Account features fixed spreads starting from 2 pips, which can be advantageous for those who prefer predictable trading costs. In contrast, the MT4 NDD and MT5 NDD accounts offer floating spreads starting from 0 pips, catering to customers who prioritize the lowest possible spreads.
• Commissions: For NDD accounts, a commission is charged per lot traded. The commission rates are competitive, at $3 per lot, making these accounts suitable for scalpers and high-frequency traders who require tight spreads and fast execution.
• Swap Fees: Swap fees are applicable for holding positions overnight, reflecting the interest rate difference between the currencies being traded. However, Islamic accounts are available for participants who do not wish to incur swap fees due to religious reasons.
• Deposit and Withdrawal Fees: FiboGroup does not charge fees for deposits or withdrawals, although third-party fees may apply depending on the payment method. This no-fee policy for deposits and withdrawals is a significant advantage, as it reduces the overall cost of trading.

Comparative Fee Table

The following table compares the fees across different account types offered:

This table illustrates the varying fee structures, allowing everybody to select an account type that aligns with their trading preferences and cost considerations.

Leverage and Risk Management

Leverage is a double-edged sword in trading, offering the potential for significant gains as well as substantial losses.

FiboGroup offers high leverage across its account types, with maximum leverage reaching up to 1:1000 on the MT4 Cent Account.

While high leverage can amplify profits, it also increases the risk of large losses, especially for inexperienced users.

The broker provides various tools and resources to help traders manage the risks associated with high leverage, including:

• Negative Balance Protection: This feature ensures that people cannot lose more than their deposited amount, protecting them from incurring debts due to market volatility.
• Risk Management Tools: The trading platforms offered include built-in risk management tools such as stop-loss and take-profit orders, which help investors control potential losses and lock in profits.

Market participants should carefully consider their risk tolerance and employ prudent risk management strategies when using high leverage.

Deposit and Withdrawal Options

Ease of funding and withdrawing from trading accounts is an important aspect of the overall trading experience.

FiboGroup offers many deposit and withdrawal methods, catering to the preferences of a diverse client base.

The available options include:

• Bank Transfer: While secure, bank transfers can take several business days to process. This method is often used for larger transactions.
• Credit/Debit Cards: A widely accessible option, credit and debit card transactions are processed almost instantly, allowing clients to fund their accounts quickly.
• Electronic Payment Systems: Services like Skrill, Neteller, and WebMoney provide instant processing with minimal fees, making them popular choices among those for both deposits and withdrawals.
• Cryptocurrency: For market participants who prefer digital currencies, the firm accepts deposits in Bitcoin. This option adds an extra layer of flexibility and appeals to the growing number of people who use cryptocurrencies for financial transactions.

Their policy of not charging deposit or withdrawal fees is a significant benefit, as it minimizes the cost of moving funds in and out of trading accounts.

However, customers should be aware of potential third-party fees, especially when using payment processors or banks.

Trading Tools and Resources

To enhance the trading experience, FiboGroup offers a range of tools and resources designed to support investors in making informed decisions.

While the broker excels in many areas, its educational and analytical resources are relatively limited compared to other firms that offer extensive learning materials.

Here’s an overview of the available tools:

Economic Calendar

The economic calendar is an essential tool for those who need to keep track of important market-moving events.

Its platforms integrate an economic calendar that displays upcoming economic releases, central bank meetings, and other key events that could impact market conditions.

Traders can use this information to plan their trades around major announcements, reducing the risk of unexpected market volatility.

Market Analysis and Trading Signals

The broker provides daily market analysis and trading signals, which can be valuable for clients seeking guidance on potential market movements.

These analyses cover a range of instruments, including forex, commodities, and indices, offering insights into market trends, technical setups, and possible entry and exit points.

VPS Hosting

For people who use automated trading strategies, it offers Virtual Private Server (VPS) hosting.

VPS hosting ensures that trading platforms remain operational 24/7, minimizing downtime and providing stable, high-speed access to trading servers.

This service is particularly beneficial for individuals who rely on Expert Advisors (EA) and other automated trading tools.

Customer Support

Reliable support is critical for resolving issues and providing assistance when needed.

FiboGroup offers multiple channels for customer support, including:

• Live Chat: Available directly on the website, live chat provides instant access to support representatives for quick assistance with common queries.
• Email Support: For more detailed inquiries, clients can contact support via email. Response times are generally within 24 hours, though they can vary depending on the complexity of the issue.
• Phone Support: The company offers phone support, which is ideal for time-sensitive issues that require immediate resolution. Phone support is available during business hours, and the broker provides local numbers for various regions.
• Multilingual Support: Reflecting its global client base, it offers support in multiple languages, ensuring that people can communicate effectively with the support team.

Overall, its service support is considered responsive and helpful, though there have been occasional reports of delays during peak trading times.

The availability of multiple support channels and multilingual assistance adds to the firm’s appeal, making it accessible to a diverse audience.

Security and Privacy

Security is a top priority, and the firm implements several measures to protect user data and funds.

These include:

• SSL Encryption: All communications and transactions are secured with SSL encryption, which helps prevent unauthorized access and data breaches.
• Segregated Accounts: Client funds are held in segregated accounts with top-tier banks, ensuring that they are not used for their operational activities. This separation provides an additional layer of protection against potential financial instability at the broker level.
• Two-Factor Authentication (2FA): To further enhance security, FiboGroup supports 2FA for account logins, adding an extra step to the authentication process and reducing the risk of unauthorized access.

These security measures, combined with the company’s regulatory oversight, contribute to a safe and secure trading environment, which is crucial for building trust.

Account Opening Process

The account opening process is designed to be straightforward and efficient, accommodating traders of all experience levels.

Here is a step-by-step overview of how to open an account:

1. Registration: Begin by filling out the registration form on the website. This form requires basic personal information, such as name, email address, and phone number.
2. Verification: As part of the regulatory requirements, FiboGroup requires clients to verify their identity and address. This involves uploading a government-issued ID (such as a passport or driver’s license) and a recent utility bill or bank statement that shows the address.
3. Account Funding: Once the verification process is complete, customers can fund their accounts using one of the available deposit methods. The process is typically quick, especially when using electronic payment systems or credit/debit cards.
4. Platform Access: After funding the account, clients can download and set up their preferred trading platform (MT4, MT5, or cTrader) and start trading.

The entire process can be completed in as little as one business day, depending on the speed of document verification.

Their streamlined account opening process makes it accessible for new users who are eager to start trading without unnecessary delays.

Trading Experience

The overall trading experience is characterized by competitive spreads, reliable execution, and a broad range of trading instruments.

Their offering of multiple platforms ensures that clients have access to tools and features that match their trading style, whether they are beginners testing strategies with small amounts or experienced users deploying sophisticated, high-frequency trading algorithms.

The availability of high leverage options, particularly on the MT4 Cent Account, allows traders to control larger positions with smaller amounts of capital.

However, this comes with increased risk, underscoring the importance of proper risk management and the use of tools like stop-loss orders.

Its fast execution speeds and low-latency infrastructure are particularly beneficial for strategies that rely on rapid trade execution, such as scalping.

Additionally, the integration of VPS hosting for automated trading further enhances the trading experience by providing a stable and uninterrupted trading environment.

Comparative Analysis with Competitors

To provide a clearer picture about the market, it’s useful to compare it with other leading brokers.

The table below presents a comparative analysis of FiboGroup, FxPro, and IC Markets across several key metrics:

From the table, it’s clear that FiboGroup is competitive in terms of leverage, fee structure, and platform offerings.

However, it also highlights areas where other brokers might excel, such as broader regulatory coverage or more extensive educational resources.

This comparative view helps traders weigh the pros and cons of each firm to find the best fit for their needs.

Conclusion

FiboGroup is a well-established broker that offers a comprehensive range of trading services suitable for retail investors of all experience levels.

Its commitment to providing competitive spreads, high leverage options, and tons of trading instruments makes it an attractive choice for many.

The firm’s regulatory standing and robust security measures further enhance its appeal, ensuring that funds and data are well protected.

While FiboGroup excels in offering flexible trading platforms and a user-friendly experience, there are areas for improvement, particularly in the provision of educational resources and advanced trading tools for more experienced individuals.

Nonetheless, its strong track record, reliable customer support, and transparent fee structure make it a solid option for those looking to engage in online trading.

For people seeking a broker with a long-standing reputation, diverse account options, and a secure trading environment, FiboGroup stands out as a reliable and versatile choice.

Its adaptability and client-focused approach have allowed it to maintain a strong presence in the competitive brokerage industry, making it a trustworthy partner for investors worldwide.

FAQ

Resources

• Official Website: https://www.fibogroup.com/
• Facebook: https://www.facebook.com/FIBOGroup.Int
• YouTube: https://www.youtube.com/channel/UCfDfgpg8lEOBkyzHQZ8RuZ
• Instagram: https://www.instagram.com/fibo_group_forex_broker/
• Phone: +44 (845) 09-50-118

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User Reviews

Article written, edited and reviewed by

Adam Rosen

Adam Rosen is a seasoned senior marketer whose expertise extends far beyond the norm. Drawing from decades of experience in the industry, Adam plays an integral role in our team, infusing his insights into every project we tackle. But that's not all – Adam has a unique knack for breaking down complex broker information and crafting insightful reviews for our website, Brokfolio. His dedication to providing readers with valuable insights and guidance makes him an invaluable asset to our team. Beyond his professional pursuits, Adam is fueled by an unwavering passion for technology and fintech. He thrives on pushing boundaries and exploring new horizons in these dynamic domains. Curious to learn more about the mind behind the words? Dive into Adam Rosen's profile to discover a wealth of expertise, innovation, and a relentless drive for excellence.

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Andrew Blumer is a finance pro who's got money matters down to a science.
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Oh, and did we mention? He's the manager of Brokfolio's website and an expert in online brokers. So, if you're diving into the world of trading, Andrew's your go-to guy.
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Last updated: September 19, 2025