FIBO Group – Detailed Review of Forex Broker

"FIBO-Group" is an online broker opened in 1998. The company is part of the holding FIBO Group Ltd, has a license FSC and is under the jurisdiction of the British Virgin Islands. The broker has been on the market for more than 20 years and continues to develop, attracting the attention of more and more clients. 

Broker and website overview

One of the advantages of Fibo is the presence of a PAMM-platform with a rating of traders. Users of the service for automatic trading can copy trades of successful investors. Clients of the broker note that FIBO Group is mainly focused on experienced traders, offering the most favorable conditions to owners of VIP accounts. 

The company regularly publishes asset reviews and analytics. Using the economic calendar allows investors to monitor events that affect the price fluctuations in the Forex market. The Forex broker regularly holds webinars. In training materials, novice market players will find a lot of useful information about investments, portfolio diversification, risk assessment, etc. 

Traders can start trading after registering on the FIBO Group website. Authorized users of the platform will have access to a personal account where they can make a deposit to start trading on the market. When using a demo account, it is not necessary to deposit real money.

Trading conditions, deposit/withdrawal of funds

The broker's software consists of the popular MetaTrader 4, MetaTrader 5 and cTrader trading terminals. Users of online platforms can use technical indicators for market analysis, trading advisors and charts. The company also offers an application for mobile trading with all the necessary functions. 

Deposit/withdrawal of funds is possible through plastic cards, bank transfers, online payment services. The amount of commission depends on the transfer method. Detailed information on financial operations is displayed in the personal cabinet of the client. 

Positive feedback from traders is associated with the variety of trading platforms, professional managers, tight spreads. To start online trading, investors need to choose one of the available account types.

Advantages of a broker

• Round the clock technical support.
• Protection against negative balance.
• Technical support in Russian, English, French, Spanish, German. 

Disadvantages of the broker

• Clients of the broker cannot trade stocks, ETFs and most commodities.
• The helpdesk does not work on weekends. 

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