FIBOGROUP Review 2018: Most Transparent Forex Platform
In Latin, it is said that “Veni, vidi, vici” which means “I came; I saw; I conquered”.
Same line we can apply for FiboGroup Review, an extra-ordinary broker in Forex, CFD and Stock.
Since 1998, it has been moving fast and become an unparalleled broker through good work among the online forex trading community.
It is one of the few brokers who offers PAMM Agent program which can be an extra income for Managers and Investors.
This broker is also familiar as a transparent platform for their operation methods.
Within a short time, it has conquered traders heart and became a name.
Warning: Country Restriction (Do Not Accept Traders)
Warning: Please note that, FiboGroup Broker does not accept traders from the following countries –
FiboGroup Review
Fibo (Financial Internet Brokerage Online) Group has started its operation in 1998.
Within these years, it has succeeded to spread its business around the world.
At the same time, it has gained lots of traders trust and accolade within this time.
This Forex and CFD broker provides Forex, CFD, Spot Metals and Stocks as Financial Tools.
This broker is registered and licensed by Financial Services Commission (FSC) in the British Virgin Islands and Cyprus Securities Exchange Commission (CySEC).
Their Financial Services Commission (FSC) license number is SIBA/L/14/1063 and Cyprus Securities Exchange Commission (CySEC) registration number is HE242381 under the 118/10 number.
FiboGroup uses Meta Trader 4, Meta Trader 5 and cTrader platform.
These platforms are also famous among traders specially MT4.
They are very user friendly especially for new traders.
We have found FiboGroup’s website is well decorated and designed.
A trader can easily collect his required information.
FiboGroup Forex Overview
High Capital Risk Is Involved In Financial Trading
Company Information:
- Broker Type: Forex / Market Maker
- Regulation: CySEC / FCA / FSA(JP) / FSC / MiFID
- Head Office: Agias Fylaxeos, 182, Office 103, Business Center “Kofteros” Limassol, Cyprus 3083
- Others Office Location: Vienna, Shanghai, Limassol, Munich and Singapore
- Founded: 1998
Trading Options:
- Min. Deposit: $1
- Max. Leverage: 1:1000
- Mini Account: Yes
- Demo Account: Yes
- Premium Account: Yes
- Islamic Account: Yes
Trading Services:
- Trading Platforms: cTrader, MT4, MT5, Web Terminal MT4
- Commission On Trades: Yes
- Fixed Spreads: Yes
- Educational Service: Yes
- Trading Signals: Yes
- Email Alerts: Yes
- Guaranteed Stop Loss: Yes
- Guaranteed Limit Orders: Yes
- Guaranteed Fills/Liquidity: Yes
- Automated Trading: Yes
- API Trading: No
- VPS Services: Yes
Supported Instruments:
- Forex: Yes
- Commodities: Yes
- CFDs: Yes
- Indices: Yes
- Stocks: Yes
- Gold: Yes
- Metals: Yes
- Binary Options: No
- Oil: No
Suitable For:
- Beginners: Yes
- Professionals: Yes
- Home Based Investors: Yes
- Scalping: Yes
- Day Trading: Yes
- Weekly Trading: Yes
- Swing Trading: Yes
Why FiboGroup?
By thorough research we have gathered some reasons choosing FiboGroup as a new trader’s first choice.
We have shared those findings with our readers and those findings are given below –
- Trusted, licensed and very old broker
- Wide choice of account types (market-maker, ECN-type accounts, Islamic option)
- PAMM Program for extra income
Maximum - Leverage up to 1:1000
- Minimum Deposit $1
- Low spreads / Commissions
- 60 currency pairs
- No swaps
- Low margin requirements
- Profit from any price changes
- Micro lots trading (from 0.01 lot)
- Trading Platforms (MetaTrader 4, MetaTrader 5, cTrader, Web Terminal MT4)
- Free News Feed
- Analytical Webinars
- Asset Management
- Asset Management
- Charting Package
- Chart Trading
- Trading Signals
- Market Analysis
- Hedging
- E-mail Alerts
- OCO Orders
- Demo Accounts
- Trading platforms for PC, Mac, iOS, Android, Windows
- Fast and flexible deposit and withdrawal
- Qualified customer support
FiboGroup Account Types
Fibo Group offers six packages for new traders.
These are MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD (No Commission), cTrader NDD, MT5 NDD.
Every package is designed to meet most of the clients’ demand.
We have described those individually and in the given chart.
MT4 Cent:
- Deposit of 0 cents
- Leverage up to 1: 1000
- Account currency US Cent
- Absence of risks
- Fast withdrawal of funds
- Ideal for beginners and testing trading robots
MT4 Fixed:
- $300 Minimum Deposit
- Fixed spread
- Guaranteed stop loss orders
- Your balance is always positive
- 4 decimal quotes
- Instant Execution — execution at your price
MT4 NDD (No Commission):
- Liquidity from the worlds’ leading banks
- Low floating spreads
- No re-quotes
- Market order
- No commissions
- High execution speed
MT4 NDD:
- $300 Minimum Deposit
- Low floating spreads
- Deep liquidity from the worlds’ leading banks
- Market Execution, No re-quotes
- Orders may be executed at prices better than stated
- Best choice for trading on news
- Best for scalper robots
cTrader NDD:
- $300 Minimum Deposit
- Low floating spreads
- Deep liquidity from the worlds’ leading banks
- Market Execution, No re-quotes
- Trading platform with broad analytical capabilities
- Depth of Market
- Mobile app and web interface
Trading Account Comparison Chart:
| MT4 Cent* | MT4 Fixed | MT4 NDD No Comission | MT4 NDD | cTrader NDD | MT5 NDD** | |
| Trading platform | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 | cTrader | MetaTrader 5 |
| TTechonology of execution of orders | No Dealing Desk | Market Maker | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Minimum deposit | 0c | 300$ | 300$ | 300$ | 300$ | 500$ |
| Fifth decimal point | yes | no | yes | yes | yes | yes |
| Minimum lot/volume step | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 |
| Minimum spread | from 0,6 | from 2 | from 0 | from 0,8 | from 0 | from 0 |
| Commission | no | no | 0.003% from the amount of a transaction | no | 0.003% from the amount of a transaction | till 100 million – $30 for a million USD from 100 million to 250 million – $25 for a million USD >250 million – $20 for a million USD |
| Leverage | 1000 | 200 | 400 | 400 | 100 | 100 (for metal – 33) |
| Stop Out level | 20% | 20% | 50% | 50% | 100% | 100% |
| Currency of account | USD cent, GLC*** | EUR, USD, RUR, CHF, GBP | EUR, USD, GLD*** | EUR, USD, GLD*** | USD | EUR, USD, CHF |
| CFD trading oppurtunity | no | yes | yes | no | no | no |
| Amount of currency pairs | 38 | 60 | 32 | 38 | 41 | 42 |
| The quantity requirement of open positions | 50 | no | no | no | no | no |
| The volume requirement of open positions | Maximum order volume – 100 lots (1 standard lot) | no | no | no | no | no |
High Capital Risk Is Involved In Financial Trading
Asset Management of FiboGroup
There are three strategies in Asset Management.
They are – Balanced, Aggressive and Individual.
The key features of these strategies are below –
Balanced:
- Target Profit: 60% per annum
- Risk Level: Average
- Level of Closure: 30% of deposit loss
- Remuneration of FIBO: 40% of Profit
Aggressive:
- Target Profit: 120% per annum
- Risk Level: High
- Level of Closure: 50% of deposit loss
- Remuneration of FIBO: 50% of Profit
Individual:
- Target Profit: 120% per annum
- Risk Level: Any
- Level of Closure: Any
- Remuneration of FIBO: 30% of Profit
FiboGroup Forex Trading Platforms
Various trading platforms are available at FiboGroup.
These are – Meta Trader 4, Meta Trader 5, cTrader.
Meta Trader 4:
- Windows, iOS, Android
- The most popular trading platform
- All types of trading orders and Instant Execution
- Automated trading opportunity
- More than 50 built-in technical indicators
- Create your own indicator with built-in MQL4 editor
- 128-bit encryption + electronic signature
cTrader:
- cTrader, cTraderWeb, cAlgo, cMirror
- High speed of order opening and closing
- Market depth shows you current market situation
- You can open orders directly on the chart
- Trading via a proxy server
- Technical analysis tools
- Create your own indicators
- You can trade on several accounts in 14 languages
- Integration with cAlgo
Meta Trader 5
- Windows
- The concept of “all in one”: everything you need for online trading
- Trading on Forex, futures and stocks
- Enormous analytical opportunities
- Four types of order execution
FiboGroup cTrader Mirror Trading Platform Overview
High Capital Risk Is Involved In Financial Trading
Deposit and Withdrawal
FiboGroup is famous for its quick transaction process.
Where a withdrawal process takes 24 hours to 3 working days to accomplish, here it is done within an hour!
Quite unusual and impressive, huh?
Very few brokers provide such a quick service.
Deposit Options: Cash-U, Credit Card, Neteller, QIWI, Skrill, Webmoney, Western Union, Wire Transfer.
Withdrawal Options: Cash-U, Credit Card, Neteller, QIWI, Skrill, Webmoney, Western Union, Wire Transfer.
FiboGroup Customer Service
It is easy to get help.
Regardless location or time, you will get immediate help whenever you ask.
Customer service team are very proactive, fast and professional.
Help is available in every possible way including e-mail ([email protected]), phone, and live chat.
Many phone numbers based on country and office are given on the website.
People from different regions can contact the one they prefer.
We usually prefer live chat to the new traders because assistance is quick here.
We have checked this channel, asked several questions and got immediate result.
Besides, anyone can seek help through Live Chat.
Using this medium, you can talk to experts and ask for help and suggestion.
All the services are available in multiple languages like English, Italian, Arabic, Spanish, French, turkish etc.
FAQ section is also helpful and informative.
Lots of question are there and enough to fulfil one’s quest.
Drawback
Surprisingly, FiboGroup does not have any major drawback!
Yet, we think it has some drawbacks.
For example –
- No Pure Educational Content
- No Social Trading
- US Trader not accepted
- MT4 platform not available for Mac computers
- Lack of Bonuses
- They don’t run any promotional offer
- Spreads can still be lower
We’ll suggest them to take this drawback seriously for their customers.
Conclusion
At the end, we would say FiboGroup is a good choice for a new trader.
It will be rather wise decision if a new trader chooses FiboGroup.
Why not?
When it is providing every service maintaining highest quality.
Besides, it makes Forex and CFD trading easy and profitable for all.
That is why we are declaring FiboGroup as a very good broker!
