FIBO Overview

By An Khmurenko on in Brokers
0
0
AtlImage

FIBO Group is a global forex brokerage brand and stands as one of the oldest in the industry in terms of marginal trading. FIBO offers popular and advanced trading platforms coupled with award-winning trading conditions and services. FIBO is regulated by the Financial Services Commission BVI.

Discover more FIBO trading features and advantages by reading this entire broker review.

FIBO Overview

FIBO Background & Safety

FIBO Group or Financial Internet Brokerage Online is a CFD specializing brand established in 1998. The group’s first company started with a clear goal: to protect its clients’ interests and adhere to all applicable laws and standards of national regulators.

FIBO has global offices located in Vienna, Limassol, Singapore, Munich, Kiev, and Astana. Despite having many sites across the globe, FIBO Group is restricted from several countries including Australia, the USA, Belgium, Great Britain, Iraq, and North Korea. 

FIBO Group secured licenses from different jurisdictions of its global sites. It has a certificate of incorporation, certificate of good standing, and investment business license. The activity of the company is regulated by the Financial Services Commission of the British Virgin Islands. 

FIBO Group is also among the brokerage services with award-winning offerings. Some of its accolades include Best Standard Forex Broker, Best Forex Broker in Europe, Best PAMM Service Broker, and Best Analytic Support Service, all presented at the Moscow Financial Expo 2016.

FIBO claims to have the following advantages as a broker: a wide network of offices worldwide with multiple language support, advanced technical solutions and cutting-edge trading platforms, various deposit and withdrawal methods, a large selection of financial instruments, annual audit for compliance with the highest international standards, and good regulatory reputation.

FIBO Features & Fees

Financial Instruments

FIBO Group offers forex, CFDs, Spot Metals, and Cryptocurrency trading. The broker has 60 currency pairs with low fixed spreads. It also has NDD (No Dealing Desk) order execution technology accounts and many others.

Account Types

FIBO has developed an optimal combination of trading accounts peppered with favorable trading conditions to meet the needs of different traders. Below are the broker’s account types for your reference:

FIBO Group Review Broker Account Types

Considering all the account types, here is a set of the best forex trading conditions FIBO has to offer: low spreads starting from 0 pips from major asset classes with up to 60 currency pairs; streaming forex rates and Instant Execution technology; guaranteed execution of limit orders, stop losses, and take profits at a stipulated price; 100 units of base currency (0.01 lot) as the minimum trade size; zero minimum initial deposit; and 1:1000 maximum leverage with a 0.1% minimum margin.

In terms of CFDs, FIBO has no commissions, no swaps, has low fixed spreads, has micro-lots, has streaming forex rates with Market Execution technology, has more than 20 financial assets, and has a $50 minimum initial deposit.

Funding Methods

FIBO operates with several funding options to offer to its clients. It offers bank wire transfers (Swift), credit cards (Connectum, RegularPay, Paysafecard), online payments and other payment systems (Neteller, WebMoney, Skrill, CashU, Fasapay, ecoPayz, Perfect Money), and cryptocurrency (Raido Finance, Bitpay, Blockchain, Raido Spare).

Deposit and withdrawal fees may or may not apply, depending on the method of payment.

 FIBO Trading Platforms & Tools

FIBO provides trading platforms that will allow traders to trade across financial markets and instruments. It has the popular MetaTraders in MT4 and MT5 and cTrader.

FIBO’s MT4 has the Multi Terminal version. MetaTrader Multi Terminal allows traders to manage different accounts all at the same time. It also allows users to select the method of profit distribution between different accounts.

Using the MT4 android, traders are guaranteed ease of use as it features certain functionalities such as offline mode, online interactive charts with zoom and scroll options, and technical indicators. The same is true for MT4 for iPad and iPhone devices plus some more features including complete trading history, all types of execution mode, and direct trading from the chart. FIBO also has MT4 Web Terminal.

Meanwhile, MetaTrader 5 comes in different versions like MT5 for PC Windows, MT5 for Android, and MT5 for iPad and iPhones. MT5 fully supports mobile trading using Android and iOS devices and introduces one-click trading, embedded analytic tools, and a wide variety of forex tools.

cTrader is for NDD execution and supports 14 languages. It is also available in several versions including cTrader Web, cAlgo, cMirror, and the cTrader mobile app. The cTrader mobile app is equipped with 26 time frames, over 50 indicators, 4 chart types, price alerts, and Symbol Watchlists. 

Along with these trading platforms, FIBO has on its site some analytics including Market Analysis, forecasts, and economic calendar.

Bottom Line

FIBO Group has a rich trading brokerage experience that enabled the firm to develop optimal trading account offerings with the best trading conditions. The available trading platforms also provide traders with options as they consider their trading preferences and strategies.

FIBO is a good try for both novice and professional traders as it provides a zero minimum initial deposit trading account and a demo account to test the system.