Abstract：FIBO Group Holdings Limited is a professional online financial dealer and one of the most experienced internet margin trading service market. The company's first branch was established in 1998, with four offices worldwide in Shanghai, Alma-Ata, Limassol, and Munich. The company currently has the Cyprus Securities and Exchange Commission (CySEC) full license, the German Federal Monetary Authority (BaFin) retail forex license, the British Financial Conduct Authority (FCA) EU authorization license, and the Virgin Islands Financial Services Commission (FSC) retail forex license.
|Registered Country/Region||The Virgin Islands|
|Regulation||CYSEC, BaFin, FSC|
|Minimum Spreads||From 0 pips|
|Trading Platform||MT4, MT5, cTrader|
|Trading Assets||Forex, CFD, Spot Metals, Cryptocurrencies|
|Payment Methods||VISA, MasterCard, Bank Transfer, skrill, Neteller|
|Customer Support||Phone, Email, Online Chat|
General Information & Regulation
FIBO Group Holdings Limited is an online financial dealer, its first branch established in 1998, with four offices worldwide in Shanghai, Alma-Ata, Limassol, and Munich. FIBO Group Holdings Limited is under regulations of several regulation authorities, including CySEC in Cryprus ( Regulatory license no. 182/11), BaFin in Germany( Regulatory license no.124031), an European Authorized Representative license from FCA in the UK, with registration number 532885, and a retail forex license from FSC in the Virgin Islands ( regulatory license number SIBA/L/14/1063).
Fibo Group offers mainstream and popular financial products in the global financial market for investors, including forex (60 currency pairs), precious metals (gold and silver), cryptocurrencies (Bitcoin, Ethereum, Litecoin, Zcash, Dash, Monroe), CFDs, etc.
To satisfy different various traders' trading needs and strategies, Fibo Group does offer a quite few of account options depending on different trading platform. Surprisingly, Fibo Group does not requires a minimum deposit for traders to open a live account, which sounds quite reasonable for most regular trders to get started. Most brokers would, in most cases, need traders to fund their accounts around $100 to $200 to open a standrd account.
How to open an accont with FIBO Group ？
1. Sign up-Creating your Client Area. The first stage of registration with the company-is creating your Client Area. To do this, you need to indicate your email address and phone number in the sign-up form on the site.
2. Verification of email, phone number and proof of identify. To verify your email, this broker will send you an email to the address you indicate while signing up. Click the link in the messafge to confirm your email address.
3. Depositing funds to your account and starting trading.
Trading leverage vary depend on trading accounts and trading platform. The MT4 Cent account offers the leverage to the maximum extent, which is up to 1:1000. Usually, new traders are advised not to use way too high leverage to avoid money losses.
Spreads & Commissions
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. MT4 NDD No-Commission Account has a minimum spread of 0.8 pips. cTrader NDD Accounts has a minimum spread of 0 pips, and commission is 0.003% of the trading volume. MT5 NDD Account has a minimum spread of 0 pips, and the commission is 0.005% of the trading amount.
The trading platforms applicable to Fibo Group are MT4, cTrader, MT5. MT4 has a wide range of tools and indicators that can be used for technical analysis, foreign exchange news, online quotes, and price icons. This program allows traders to manage multiple windows using their indicators and research data. 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. The average order execution speed is less than one millisecond. MT5 has a brand-new trading bear and distributed system structure with high efficiency and flexibility. The platform is entirely in line with the latest international management of online transactions through NDD technology. Besides, the spread is accurate from 4 decimal places to 5th.
Deposit & Withdrawal
The company offers various convenient and safe options for investors to deposit and withdraw funds. The deposit method supports SWIFT ( deposit accepting EUR & USD, the commission generally 35 to 50 US dollars, and the transfer time taking 2-5 working days; the withdrawal accepting EUR, USD, BGP & CHF, and the withdrawal fee usually 35 to 50 US dollars.), UnionPay (accepting RMB, no commission, credited immediately after payment is successful), CONNECTUM (VISA/MASTERCARD, deposit accepting EUR & USD, no commission, credited immediately after payment is successful; withdrawal accepting EUR & USD, and the commission 2.5%+1.5 Euros), RegularPay (accepting EUR and USD, no commissions, through the RegularPay system processing center to use bank cards to inject funds; withdrawal accepting EUR &USD, with a withdrawal fee of 10 dollars or other equivalent amounts), ZOTAPAY (supporting RMB, no commission for deposit, the payment is processed immediately when the invoice is paid, and the withdrawal with 2.2% commission), Neteller (supporting EUR &USD, no commission), WebMoney (deposits and withdrawals both supporting EUR &USD, a commission of 0.8% is charged, and it will be credited automatically after successful payment). The company also supports a series of cryptocurrency deposits and withdrawals.
Fibo Group support a wide range of languages including English, French German, Chinese, Farsi, Spanish, Indonesian and Russian. Fibo Group offer over three languages live chat and email support.
FIBO Group accepts traders from Thailand, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.Traders can not use FIBO Group from United States, Canada, Australia, Korea, Iran, Iraq, Israel, Japan, Belgium.
Pros & Cons
|Multiple trading accounts to choose from||Offshore broker|
|MT4, MT5, cTrader, Supported||Limited trading assets|
|Multiple payment methods||Deposit & withdrawal fees occured through some payment methods|
|Free deposits and withdrawals|
|Multiligual customer support|
|Online chat available|
|Free demo account available|
|Financial tools provided|
Frequently Asked Questions
Can I have more than one account ？
Yes, you may open more than one account with FIBO Group. To open an additional account you should login to your client area and click “Open a new trading account.” It is not necessary to submit your ID and Utility bill again (Unless the details have changed).
How can I deposit funds into my account ？
You can replensish your account with FIBO Group Ltd via Bank Wire Transfer, Bank Card or Electronic payment systems.
Does FIBO Group charge for depositing or withdrawing funds ？
FIBO Group does not charge any fees or commission for depositing or withdrawing funds.
Can I trade with an EA (Expert Advisor or robot)？
Yes, you may trade with any forex Expert Advisors you like.
What trading platform does FIBO Group provide？
FIBO Group provides multiple choices, MT4, MT5, cTrader.
Is your trading software free ？
All trading software that FIBO Group offer is free of charge.