Financial Intermarket Brokerage Online (FIBO) Group is an award-winning financial asset management firm that was established in 1998 in Cyprus. FIBO Group’s main financial services involve the provision of forex and CFDs that can be traded online.

FIBO Group has between 10 and 50 employees and has offices in Almaty, Limassol, Munich, and Shanghai.

Is FIBO Group Regulated?

Yes, FIBO Group is regulated by the Financial Services Commission (FSC) to offer financial services in several jurisdictions. According to FIBO Group’s website, the broker has the license to offer investment products and ancillary services to international investors.

Client funds are kept in segregated accounts which prevent these funds from being used by the broker for purposes other than trading activities of forex traders. If the broker should become insolvent, it means that client funds are kept safe. 

Is FIBO Group Regulated in the United States?

No, FIBO Group is not regulated in Virginia or any other US state. 

Is FIBO Group Regulated in Europe?

Yes, FIBO Group is not regulated in Europe as a forex broker according to the official website.

Is FIBO Group regulated in a Tier-1 Jurisdiction?

With Tier-1 jurisdiction, brokers are offered the necessary license to offer financial services in the following: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Israel, Japan, Luxembourg, Netherlands, New Zealand, Norway, Puerto Rico, Singapore, Sweden, and Switzerland.

According to the official FIBO Group website, FIBO Group is not regulated in Tier-1 jurisdiction.

Is FIBO Group regulated in Tier-2 Jurisdiction?

Tier-2 Jurisdiction offers brokers with the necessary license to provide financial services in the British Virgin Islands, Cayman Islands, Cyprus, Italy, Malaysia, Mexico, Poland, Portugal, Spain, and Taiwan.

According to the official website, FIBO Group is regulated in Tier-2 jurisdiction.

What are the Platforms and Tools for Forex Trading in FIBO Group?

FIBO Group offers forex traders a suite of powerful, reliable trading platforms including MetaTrader 4, MetaTrader 5, and cTrader.

1. FIBO Group’s MetaTrader 4 is the most popular and widely used trading platform that offers forex traders a large variety of trading tools. MetaTrader 4 offers a large range of instruments as well as indicators for technical analysis, a comprehensive news feed, online quotes in real-time, and charting capabilities.
2. FIBO Group offers MetaTrader 5, which is the more robust version of MetaTrader 4 that provides forex traders with additional and more comprehensive options including high productivity, flexibility, and more. With a FIBO Group account, forex traders are provided with NDD technology, tight spreads, modern trading technologies, and more.
3. FIBO Group’s cTrader offers forex traders access to the forex market through an NDD model for both beginners and professional forex traders. cTrader offers forex traders with direct access to banks, faster trade execution of less than one millisecond.

Does FIBO Group Have a News Blog for Forex News?

No, FIBO Group does not offer a news blog for forex news on the official website.

Does FIBO Group Have Traders Dashboard?

No, FIBO Group does not have a forex traders dashboard on the official website.

Does FIBO Group Have an Educational Section?

Yes, FIBO Group has an educational section for beginner forex traders offered on the official website. 

What is the content of FIBO Group Forex Education?

FIBO Group offers a training section for beginners. There are several topics covered under this section, namely:

1. What is forex trading?
2. FAQ For beginner forex traders.
3. Forex Trading Training

The “What is Forex Trading” section offers forex traders three different videos relating to the following topics:

1. “Forex trading for beginners”.
2. “Registration with FIBO Group”.
3. “Opening a Trading Account with FIBO Group”.

The FAQ section offers forex traders basic questions and their answers. Topics covered in this section include:

1. “How to make money on forex”.
2. “Choosing a broker and the risk of a trader”.
3. “What minimum is needed for trading”.
4. “Currency Pairs”.
5. “Trader’s Assistant”.

The Forex Trading Training contains several lessons on the following:

1. “What is a quote?”
2. “Introduction to foreign exchange”.
3. “Up and running with MT4”.

Is FIBO Group Legit?

Yes, FIBO Group is a legit Forex Broker and Trade Platform that has regulation through the Financial Services Commission (FSC).

Is FIBO Group Safe?

Yes, FIBO Group is a reliable and safe Forex Trade platform as far as regulation and security of funds is concerned. FIBO Group is regulated by the FSC in providing financial services and solutions to forex traders.

FIBO Group makes use of stringent security protocols and guarantees client fund security by keeping funds in segregated accounts, separate from the broker’s own funds.

Is FIBO Group a Good Broker?

Yes. According to a Forex Suggest review on FIBO Group, in terms of security, trading speed, online support, and for cryptocurrencies, FIBO Group is a good broker.

1. Where security is concerned, FIBO Group makes use of strict and stringent security protocols to ensure that information, data, and transactions of clients are encrypted.
2. In terms of trading speed, FIBO Group guarantees that trade execution takes place in less than a millisecond.
3. Online support is offered through a live chat function that is present on the FIBO Group website and which is available 24 hours a day, 5 days a week.
4. FIBO Group offers cryptocurrency trading as CFDs and offers Bitcoin, Ethereum, Ethereum Classic, Litecoin, Zcash, Dash, and Monero.

What is the Offering of Investment in FIBO Group?

Offerings of FIBO Group can be found below.

Does FIBO Group have Nasdaq?

Nasdaq tracks the most popular technology stocks in the United States.

FIBO Group offers the trade on Nasdaq through shares and indices as contracts for difference (CFDs).

What are the Awards of FIBO Group?

Forex Trading Platform FIBO Group’s awards are listed below.

1. Best Standard FOREX Broker (2016) – Moscow Financial Expo.
2. Best FOREX Broker in Europe (2016) – Moscow Financial Expo.
3. Best PAMM Service Broker (2016) – Moscow Financial Expo.
4. Best Analytic Support Service (2015) – Forex Expo Awards.
5. Best Standard Forex Broker (2015) – Forex Expo Awards.
6. Best Forex Broker in Russia and CIS (2015) – Forex Expo Awards.
7. Best PAMM Service Broker (2014) – China International Online Trading Expo Awards.
8. Most Transparent Forex Broker (2014) – The 13th China Guangzhou International Investment and Finance Expo.
9. Best PAMM Service Broker (2014) – The 13th China Guangzhou International Investment and Finance Expo.
10. Most Trusted Forex Broker (2014) – The International Investment and Finance Exhibition of China.

How to Use FIBO Group for Forex trading?

To use FIBO Group, a forex trader should have the necessities below:

1. Forex traders must be 18 years or older to register.
2. Forex traders must have valid identification and proof of residential address as part of the “Know Your Client” or KYC and Anti-Money Laundering (AML) processes to ensure a secure trading environment.

Once a forex trader meets the conditions above, they can register a forex trading account to use the services of FIBO Group.

How to open a Forex trader account with FIBO Group?

To open a Forex Trading account with FIBO Group, a trader should follow the steps below.

1. Forex traders can visit the FIBO Group website and select “Open Account” from the homepage.
2. Forex traders can provide their First and Last Name, email, and mobile number and select “open account”.
3. Forex traders will receive an email to the address that they provided with their login credentials. In addition, forex traders will also be logged into their client area automatically where they must complete their profile, submit additional details, confirm their ID and address of residence, and their mobile number before their account is approved.

What are the Forex Trader Account Types with FIBO Group?

Forex Trading Platform and Financial Asset Management Institution FIBO Group has 8 account types offered, each with its own trading conditions and features.

FIBO Group Account Types are listed below. 

1. Demo Account

2. Islamic Account

3. MT4 NDD Account

4. MT4 Cent Account

5. MT4 NDD No-Commission Account

6. MT4 Fixed Account

7. MT5 NDD Account

8. cTrader NDD Account

• Demo Account

FIBO Group offers forex traders a free demo account that can be used for practice trading, testing out strategies, and exploring what the broker has to offer without risking any real capital.

• Islamic Account

As a result of some religious beliefs, there are some forex traders that cannot trade under standard conditions and for this reason, FIBO Group offers an Islamic Account option to forex traders. Muslim forex traders who follow the Sharia law are prohibited from paying/receiving interest when trading.

When using the Islamic Account, Muslim forex traders cannot be credited or debited with swaps when they keep positions open for longer after the trading day has concluded. To convert an existing live trading account into an Islamic Account, Muslim forex traders must request such a conversion in writing by emailing FIBO Group’s customer support.

However, forex traders must note that this option is only available on the MT4 Fixed Account.

In addition, forex traders who use this account must take note of the following conditions:

• There is a weekly $50 fee per standard lot on certain forex pairs whereas others will have a fee of $150 applied.
• There is a $50 fee charged on metals per week.
• Once a week there are commissions charged on cryptocurrencies.

• MT4 NDD Account

This type of account offers forex traders an opportunity to trade with prices that are obtained from large liquidity providers. This Account has the following features:

• No Dealing Desk.
• Access to MetaTrader 4 through which trades can be executed.
• Minimum deposit of $50.
• Fifth decimal pricing.
• Micro Lot trading from 0.01 lots.
• Spreads from 0.0 pips.
• Commissions from 0.003% depending on the transaction amount.
• Leverage of up to 1:400.
• Stop-out level of 50%.
• Account base currency – EUR, USD, GLD.
• Ability to trade CFDs.
• Access to 32 forex pairs.
• Access to PAMM Accounts.

• MT4 Cent Account

The MT4 Cent Account is perfect for beginner forex traders who are still learning and who need to gain trading experience. This account allows for trading in cents, minimizing trading risks while offering competitive trading conditions.

The MT4 Cent Account offers the following features:

• No Dealing Desk.
• Access to MetaTrader 4.
• Minimum deposit of $0.
• Fifth decimal pricing.
• Micro Lot trading from 0.01 lots.
• Spreads from 0.6 pips.
• Commission-free trading.
• Leverage of up to 1:1000, 1:25 for cryptocurrencies.
• Stop-out level of 20%.
• Account base currency – USD cent, GLD Cent.
• Access to 38 forex pairs.

• MT4 NDD No-Commission Account

This account type offers forex traders with deep liquidity, low floating spreads, high execution speeds and the advantage that commissions are not charged on trades. The MT4 NDD No-Commission Account has the following features:

• No Dealing Desk.
• Access to MetaTrader 4.
• Minimum deposit of $50.
• Fifth decimal pricing.
• Micro Lot trading from 0.01 lots.
• Spreads from 0.8 pips.
• Commission-free trading.
• Leverage of up to 1:400, 1:25 for cryptocurrencies.
• Stop-out level of 50%.
• Account base currency – EUR, USD, GLD, BTC, ETH.
• Access to 45 forex pairs.
• Access to PAMM Accounts.

• MT4 Fixed Account

The MT4 Fixed Account offers forex traders with fixed spreads and is best used with automated trading. The MT4 Fixed Account has the following features:

• Market Maker Execution
• Access to MetaTrader 4.
• Minimum deposit of $50.
• Micro Lot trading from 0.01 lots.
• Spreads from 2 pips.
• Commission-free trading.
• Leverage of up to 1:200.
• Stop-out level of 20%.
• Account base currency – EUR, USD, RUR, CHF, GBP.
• Access to 60 forex pairs.
• Access to PAMM Accounts.

• MT5 NDD Account

The MT5 NDD Account is designed specifically for use on the MetaTrader 5 trading platform that incorporates the advantages of MetaTrader 4 with intraday scalping capabilities and EU automated trading.

The MT5 NDD Account has the following features:

• No Dealing Desk.
• Access to MetaTrader 5.
• Minimum deposit of $1,000.
• Fifth decimal pricing.
• Micro Lot trading from 0.01 lots.
• Spreads from 0.0 pips.
• Commissions from 0.005% depending on the transaction amount.
• Leverage of up to 1:400, 1:100 for metals.
• Stop-out level of 50%.
• Account base currency – USD.
• Access to 42 forex pairs.

• cTrader NDD Account

The cTrader NDD Account offers forex traders with the use of the popular, reputable cTrader platform, offering forex traders competitive trading conditions. The cTrader NDD Account has the following features:

• No Dealing Desk.
• Access to cTrader.
• Minimum deposit of $50.
• Fifth decimal pricing.
• Micro Lot trading from 0.01 lots.
• Spreads from 0.0 pips.
• Commissions from 0.003% depending on the transaction amount.
• Leverage of up to 1:400, 1:100 for metals.
• Stop-out level of 20%.
• Account base currency – EUR, USD.
• Access to 41 forex pairs.

How to Withdraw Money from FIBO Group?

To withdraw money from FIBO Group, the following should be done:

• Forex traders can log into their client area and select the option to withdraw from the account interface.
• Forex traders can select their method of payment, insert the amount they wish to withdraw, their currency, and proceed to the relevant prompts to confirm and process their withdrawal.

How many days do deposits take with FIBO Group?

This will depend on the deposit method that forex traders use as some methods are instantaneous while others may take up to three business days.

What are the costs and fees with FIBO Group?

There are four types of costs with FIBO Group namely spreads, commissions, swap fees, and margin requirements. 

The spread is the difference between the bid/ask price indicated in pips. Floating spreads are determined by the financial instrument and market conditions. Commissions are charged as a flat fee per lot, per side, or per round turn.

Swap fees are either credited or debited depending on whether the trader holds a long or short overnight position on a financial instrument. Margin requirements consist of a specific amount, expressed as a percentage, that forex traders must cover at the start of the trade as collateral for the trade.

What are the Trading Fees with FIBO Group?

The Forex Trading Fees with FIBO Group are below. 

MT4 NDD Account Fees:

1. Spread: 0.0 pips
2. Commissions: 0.003% depending on the transaction amount.
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 50%.

MT4 Cent Account Fees:

1. Spread: 0.6 pips
2. Commissions: None
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 120,050 USC EUR/USD.

MT4 NDD No-Commission Account Fees:

1. Spread: 0.8 pips
2. Commissions: None
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 50%.

MT4 Fixed Account Fees:

1. Spread: 2 pips
2. Commissions: None
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 50%.

MT5 NDD Account Fees:

1. Spread: 0.0 pips
2. Commissions: 0.005% depending on the transaction amount.
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 50%.

cTrader NDD Account Fees:

1. Spread: 0.0 pips
2. Commissions: 0.003% depending on the transaction amount.
3. Swap Fees: long swap of -0.69 pips and short swap of -0.04 pips.
4. Margin Requirements: 50%.

What is the minimum deposit in FIBO Group?

According to the official FIBO Group website, there is no minimum deposit requirement, however, forex traders are advised to fund their trading account with enough to cover margin requirements as per their account type and the position they wish to open. 

What are the contract specifications in FIBO Group?

Does FIBO Group have promotional offers?

No, FIBO Group does not have any promotional offers.

According to the official FIBO Group website, there are no promotional offers currently. forex traders can subscribe to receive updates from FIBO Group to be notified once promotional offers become available.

Does FIBO Group have a welcome bonus?

No, FIBO Group does not have a welcome bonus.

Brokers offer welcome bonuses to new forex traders who register a real account for the first time, offering trading credit to start their trading. According to FIBO Group’s Promotional Section, FIBO Group has previously offered welcome bonuses. However, there are currently no plans for future promotions.

Does FIBO Group have a deposit bonus?

No, FIBO Group does not have a deposit bonus.

A deposit bonus is often granted to forex traders as a percentage back on their deposit. According to the FIBO Group website, under Promotions, FIBO Group previously offered a deposit bonus. However, there are no announcements regarding when the broker plans to offer this again.

Is there a commission-free trade bonus in FIBO Group?

No, FIBO Group does not offer forex traders a commission-free trade bonus.  

Is there a VIP bonus in FIBO Group?

No, FIBO Group does not offer forex traders a VIP bonus.

Can you start trading with no money at FIBO Group?

Yes, you can start trading with no money at FIBO Group. However, to ensure that margin requirements are met, forex traders are advised to fund their accounts with enough capital to ensure that their trades can be executed.

How does leverage work with FIBO Group?

Leverage is a useful tool offered by FIBO Group. By applying leverage, forex traders can open larger positions despite their initial deposit on their trades. Even though this maximizes the potential profit of the trader, it also exposes forex traders to more risks, especially if forex traders do not use risk management tools to minimize their trading risks.

The leverage that FIBO Group offers will depend on the type of account that forex traders use. forex traders are provided with a maximum leverage up to 1:1000 on the MT4 Cent Account.

Where are the headquarters of FIBO Group?

FIBO Group is headquartered in Limassol, Cyprus.

Who is FIBO Group’s CEO?

This information is not provided by a credible source and according to an official FIBO Group support agent, this information cannot be provided.

What are the social media accounts of FIBO Group?

Forex traders can follow FIBO Group on the following social media accounts:

• Facebook
• Instagram
• LinkedIn
• Telegram
• YouTube

How many employees do work for FIBO Group?

There is no official indication of the precise number of employees with FIBO Group. However, due to its operational size, its staff complement ranges from 10 to 50 employees.

What are the opinions about FIBO Group?

FIBO Group has a good reputation in the trading industry and is known for its comprehensive solutions, flexible trading account types, and competitive trading conditions that it offers to both beginner and professional forex traders alike.

What are FIBO Group Contests?

FIBO Group does not run any contests.

According to the official FIBO Group website, the broker does not currently run any contests. There is no indication of whether FIBO Group has offered such contests in the past or whether it may be in development for the future.

Does FIBO Group have online support?

Yes, FIBO Group offers online support to forex traders by making a live chat available for use from the official FIBO Group website. Online support can be used 24 hours a day, 5 days a week.

Does FIBO Group offer demo accounts for Forex trading?

Yes, FIBO Group offers a free demo account for all new forex traders. The demo account can be opened with the following steps:

1. Forex traders can visit the official FIBO Group website and select the “Open Demo Account” option. forex traders can also navigate to the Accounts section to view each account’s features and select the option for a demo from there.
2. Forex traders can complete the pop-up window by providing their First and Last name, email address, and mobile number.
3. Forex traders will be granted access to their new demo account to start trading.

Does FIBO Group have a mobile app for Forex trading?

No, FIBO Group does not have its own mobile app for forex trading but offers mobile trading through MetaTrader 4, MetaTrader 5, and cTrader’s mobile applications.

By using the mobile apps from these trading platforms, forex traders are provided with on-the-go access to their trading account, trading activities, and a range of functions, features, and capabilities that allows them to trade from anywhere in the world.

Does FIBO Group publish an economic calendar?

Yes, FIBO Group publishes an economic calendar on the official website.

An economic calendar is an important tool used by forex traders. It provides forex traders with an in-depth view of announcements and other economic information that is scheduled to be released. Events such as these could impact financial markets and subsequently, the trades of forex traders.

For this reason, it is imperative that forex traders ensure that they keep updated with economic events. forex traders can view present, past, and future events with the FIBO Group economic calendar in addition to filtering events according to the region, country, date, and other filters.

What is the communication information of FIBO Group?

FIBO Group has four telephone numbers and four business addresses, which are provided below.

Almaty telephone number: +7 (727) 327 28 78

Almaty business address: Office 1003, Floor 10, Block 4B, Business Centre, Al-Farabi 17 Avenue, Almaty, Kazakhstan.

Limassol telephone number: +357 25 030 930

Limassol business address: 29 Agias Zonis, 1st Floor, 3027, Limassol, Cyprus.

Munich telephone number: 0800 183 0761

Munich business address: Fünf Höfe Regus, Theatinerstraße 11, 80333 München Germany.

Shanghai telephone number: 400 155 7215

Shanghai business address: Room 45, 26/F, Lippo Plaza, No. 222 Middle Huaihai Road, Shanghai 200021.