Main Highlights or Features
– FIBO Group is a well-established online broker with over 20 years of experience in the industry.
– They offer a wide range of trading instruments including Forex, CFDs, indices, commodities, and more.
– The broker provides multiple trading platforms including MetaTrader 4 and MetaTrader 5, which are popular among traders for their user-friendly interface and advanced features.
– FIBO Group offers competitive spreads and leverage options, allowing traders to maximize their potential profits.
– They provide educational resources and analysis tools to help traders make informed decisions.
– The broker offers various account types to suit different trading preferences and experience levels.
Comparison Table of Fibo Group with competitors
Here’s a comparison table of FIBO Group with AvaTrade, Plus500, eToro, and Fortrade based on certain criteria:
| Criteria | FIBO Group | AvaTrade | Plus500 | eToro | Fortrade |
|---|---|---|---|---|---|
| Regulation | Regulated by FSC (BVI) | Regulated by multiple authorities (FCA, ASIC, CySEC) | Regulated by multiple authorities (FCA, CySEC, ASIC) | Regulated by multiple authorities (FCA, CySEC, ASIC) | Regulated by FCA (UK) |
| Trading Instruments | Forex, CFDs, Metals, Indices, Cryptocurrencies | Forex, CFDs, Cryptocurrencies, Stocks, Indices, Commodities | Forex, CFDs, Cryptocurrencies, Stocks, Indices, Commodities | Stocks, ETFs, Cryptocurrencies, CFDs | Forex, CFDs, Cryptocurrencies, Stocks, Indices, Commodities |
| Minimum Deposit | $50 | $100 | $100 | $200 | $100 |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader | AvaTradeGO, MetaTrader 4, WebTrader, AvaOptions | Plus500 WebTrader, Mobile App | eToro WebTrader, Mobile App | Fortrader, MetaTrader 4 |
| Account Types | Cent Account, Standard Account, Zero Spread Account, VIP Account | Standard Account, Raw Account | Individual | Individual, Joint | Individual, Joint |
| Commissions | Commission-based accounts available on Zero Spread Account | Variable spreads, commission-based accounts available | Variable spreads, commission-free trading | Variable spreads, commission-free trading | Variable spreads, commission-based accounts available |
| Leverage | Up to 1:1000 | Up to 1:400 | Up to 1:300 | Up to 1:400 | Up to 1:200 |
| Demo Account | Available | Available | Available | Available | Available |
| Education and Research | Educational resources, market analysis, economic calendar | Educational resources, market analysis, economic calendar | Educational resources, economic calendar | Educational resources, social trading, CopyPortfolios | Educational resources, market analysis |
| Customer Support | Email, phone, live chat | Email, phone, live chat | Email, phone, live chat | Email, phone, live chat, social media | Email, phone, live chat |
| Additional Features | Autochartist, VPS hosting, PAMM accounts | Autochartist, VPS hosting | Price alerts, economic calendar, guaranteed stop orders | Copy trading, social trading | Market analysis, Economic calendar |
Please note that the information provided is based on general knowledge and may be subject to change. It’s important to conduct your research and review the specific details of each broker before making a decision.
Summary of Review
In summary, FIBO Group is a reputable online broker offering a wide range of trading instruments through their competitive spreads and flexible leverage options. With popular trading platforms like MetaTrader 4 and MetaTrader 5, traders have access to advanced features and tools to assist their trading strategies. The broker also provides educational resources and analysis tools for traders to enhance their knowledge and decision-making abilities.
Fees and Pricing Structure
FIBO Group offers different types of accounts with varying fee structures. The details of the fees and pricing are as follows:
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Trading with financial instruments carries high level of risks that is not suitable for all investors. Before making any investment decisions, you should seek advice from independent financial advisor to ensure you understand the risks involved.
– Standard Account: No commission fees, spreads starting from 0.8 pips.
– Cent Account: No commission fees, spreads starting from 0.6 pips.
– ECN Account: Commission fees starting from $20 per million traded, spreads starting from 0 pips.
Minimum Deposits:
– Standard Account: $50 minimum deposit.
– Cent Account: $10 minimum deposit.
– ECN Account: $1,000 minimum deposit.
Safety Features
FIBO Group prioritizes the safety of client funds and implements several safety features:
– Client funds are held in segregated accounts with reputable banks to ensure separation from the company’s operational funds.
– The broker is regulated by reputable financial authorities and complies with strict regulatory standards.
– They employ advanced encryption and security measures to protect clients’ personal and financial information.
– Negative balance protection is offered to prevent traders from losing more than their initial investment.
FAQs
Q: Can I trade cryptocurrencies with FIBO Group?
A: No, FIBO Group does not offer cryptocurrency trading at the moment.
Q: Does FIBO Group offer a demo account?
A: Yes, FIBO Group provides a demo account that allows traders to practice trading strategies without risking real money.
Q: What are the available deposit and withdrawal methods?
A: FIBO Group supports various deposit and withdrawal methods including bank transfer, credit/debit cards, and electronic payment systems like Skrill and Neteller.
Conclusion
FIBO Group is a reliable broker with a long-standing reputation in the industry. Their competitive spreads, flexible leverage, and diverse range of trading instruments make them an appealing choice for traders of all experience levels. With user-friendly trading platforms, educational resources, and strong safety features, FIBO Group aims to provide a secure and efficient trading experience for their clients.
