FIBO Group Analysis and Review

FIBO Group user-ratings: $50
9.1 of 10 points 1 reviews
  • Asset varierity - 10/10
  • Trading platform - 10/10
  • Support - 8.5/10
  • Fees - 8.5/10
  • Deposit/Withdrawal - 8.5/10

Facts about the company:

  • Type: Forex Broker 
  • Regulation: CySEC (Cyprus) and BaFin (Germany) 
  • Minimum deposit: $50
  • Demo account: Free
  • Markets: Forex, Commodities, ETFs, Stocks, Currencies
Comments Rating 9.1/10 (1 review)


  • Various trading options 
  • High execution speed
  • No commissions
  • Low floating spreads
  • A regulated and trustworthy broker 


  • No e-mail customer support available 

About FIBO Group

Before we take a closer look at the individual aspects of the FIBO Group‘s offer, we would like to present in this first section our experiences gained during our test. Overall, this online broker has made a very positive impression on us. This is only partly due to the well-structured and, in the area of stock CFDs, an extremely comprehensive range of products. Because even beyond that, customers can count on good selection, competent support, and many additional functions. A good selection is also to be found in the area of available trading platforms.

Screenshot of the FIBO Group landing page

Besides the two versions four and five of MetaTrader, two other interesting versions can be used with cTrader and Myfxbook Autotrader. The cTrader is a special offer for experienced traders, who use special strategies like scalping or wish special analytical support within the daily trading. Myfxbook also offers additional perspectives in the area of automated trading. But FIBO Group is not only suitable for traders with professional demands. With MetaTrader, a very widespread software can be used, which is easy to get started with due to its intuitive design.

CompaniesFIBO Group Holdings Limited
addressAgias Fylaxeos, 182, Kofteros Business Center, office 103, 3083 Limassol, Cyprus
phonetel: +357 25 105 641
Live chatYes

Nevertheless, our experience has shown that the FIBO Group focuses more on traders with experience. Thus, we have not found any entry-level courses that explain the principle of CFDs and trading with them. This does not mean, however, that there are no offers of support. Especially in the area of information about market events, support is certainly offered with various features such as an economic calendar. And also different videos, which are available on a YouTube channel, deal with the offer and possibilities in trading based on it. One more word about the language in which the offer is available. The online broker FIBO Group also has various international branches, including one in Munich.


Although not the very large amounts of money are necessary to open an account with FIBO Group, the security of the deposits is an important aspect. Of course, this applies all the more when trading with larger amounts and the credit balance on the trading account is to be protected against loss. In the case of FIBO Group, the traders can rely on an acceptable standard. This is because it is an online broker with its headquarters in Cyprus. As Cyprus is part of the European Union, the company is subject to appropriate regulation.

CySec is specifically responsible for this, and since the company also maintains a branch office in Germany, the German BaFin is also responsible for controlling the FIBO Group. For the traders, this means that they can rely on minimum standards being observed to protect the interests of the customers and their money. For example, online brokers based in the EU are not permitted to jointly manage corporate funds and customer deposits. Instead, the customers’ assets are deposited with reputable banks. This means that the customers’ credit balances cannot be attacked even in the event of the broker’s insolvency. Furthermore, they are thus subject to European deposit protection.

FIBO Group in check: fraud or serious?

Again and again, we ask traders not only to look at the features such as trading offers, conditions, and support possibilities when choosing the right Forex broker but also to consider the seriousness of a provider. It is true that our experience has also shown that dubious agents often do not survive long in the market because unfair behavior towards clients quickly becomes known. If individual providers have acquired a bad reputation, it is usually very difficult for them to keep customers or find new ones.

In principle, it can be assumed that the online brokers’ self-interest alone will ensure that customers are treated fairly. Nevertheless, it has so far always paid off to rely on one’s own impression. However, based on our experience, this is absolutely positive. Within the scope of our test, the Online Broker FIBO Group demonstrated a very serious approach to work and gave no reason to suspect that fraud or rip-offs are to be expected. Thus, announced conditions are adhered to, just as financial transactions around the trading account are handled reliably.

Wide range of account types and underlying instruments

After having clarified that FIBO Group is a serious representative, we will now take a closer look at the concrete offer that is available to traders in the trade. And here, customers can indeed expect to find a very wide range of different values. The offer also includes the possibility to choose between different account models. We would now like to address both aspects separately.

Four account models to choose from

In our experience at FIBO Group, two criteria are decisive when deciding which trading account to use for trading. On the one hand, the trader has to consider whether he wants to settle the trade on the basis of commissions or on the basis of spreads. Furthermore, the choice of account determines which software or platform can be used for trading. A total of four different variants are available. There are only minor differences with regard to the minimum amount of trading capital that must be available on the account. All account types are also No Dealing Desk models. This means that trading takes place on the basis of real market conditions, with FIBO Group only acting as an intermediary between market and trader.


For trading with the MT4 NDD account type, a minimum deposit of 300 US dollars is initially required. Other currencies are not provided for in this version. With this account, trading is carried out on the basis of variable market spreads, whereby spreads of 0.0 pips are even possible here. However, a commission of 0.003 percent of the trading volume is charged on each transaction. Maximum leverage of up to 1:400 can be used. However, there is a small restriction in the choice of currency pairs. Of the 42 pairs available, only 32 are available for trading. In addition, the account type “MT4 NDD No Commission” can also be used to trade on a pure spread basis and without commission. Here too, MetaTrader 4 is used as a platform for trading, with spreads starting at 0.8 pips. There is also a choice of several currencies for account management, including the Euro or the Swiss Franc. With a leverage of up to 1:400, 38 currency pairs and many other underlying assets can be accessed.

The third account is the “cTrader NDD”. The main feature is of course the corresponding platform. Again, trading is done on a commission basis, the fees here are also 0.003 percent of the trading volume. The maximum leverage here is only 1:100, whereby the market spreads apply. The fourth and last option is the “MT5 NDD” account, where a minimum deposit of 500 US dollars is required to open the account.

Only here can the full selection of 42 currency pairs be accessed. Fees are also calculated on a commission basis, with a flat fee of 30 US dollars payable for trading volumes of up to one million. The available account currencies are US dollars, Swiss francs, and euros. The leverage that can be used is 1:100 or, in the case of precious metals, 1:33. In principle, it can be summed up that the first two account versions are intended more for beginners, while the last two versions considered were designed primarily for experienced traders with high demands. In any case, it is recommended that you first test the functions of the respective platforms with a demo account.

Wide range of underlying instruments for trading

Now we would like to look at the actual range of underlying that can be used in trading. In addition to a total of 42 currency pairs, commodities and energy stocks can also be traded. In terms of currency pairs, we have found a good mix of the internationally dominant majors, i.e. the US dollar, euro, Japanese yen, and British pound, as well as a number of other currencies. All available accounts can also be used to trade gold and silver, as well as oil and gas, with specific conditions applying in each case. Agricultural products are not available for trading.

Trading gold and silver

The range of stocks on offer is also extremely extensive. A total of around 8,000 underlying can be accessed in trading. This alone makes it clear that not only trading strategies based on the internationally known and large companies are possible here, but also on lesser-known, smaller stocks. The Stocks section includes not only shares but also a range of indices and ETFs. All in all, this offer enables the trader to pursue virtually any strategy imaginable. It can be bet on specific sectors but also on individual regions. The available leverage that can be used in trading also depends on the account version used.

No bonus offer for new customers

The boom that private trading has experienced in recent years is probably also responsible for the fact that a number of additional providers have entered this segment. A positive aspect is, of course, that as a trader you are faced with a large selection of different providers. Often, however, one cannot avoid the impression that these providers are only minimally different from each other. In order to stand out in the grey mass of the many providers, many online brokers have focused on attracting customers’ attention to themselves and their offers with various bonus offers.

Now and then a bonus is also used to distract from weaknesses in the offer. Even if these two phenomena do not apply across the board, traders should always keep in mind that a bonus is not exclusively positive. On the other hand, a missing bonus should not immediately be a criterion for exclusion when looking for a broker. In this case, FIBO Group would immediately fall off the grid of possible online brokers as no corresponding bonus is offered. Especially traders who see their future in the field of stock trading might miss a good opportunity.

Deposit and withdrawal by credit card, e-wallet or bank transfer

A demo account can be opened with the FIBO Group, which automatically makes virtual capital available for trading. However, to enter into real trading, it is necessary to transfer a corresponding amount to the trading account. At FIBO Group there are various options available for this. In our experience, the simplest has proved to be the option of depositing money into the trading account with a credit card. Both credit cards and debit cards from Visa, MasterCard, Maestro, SOLO, Switch, Delta, Diners Club, and Laser can be used.

The transfer is then processed via the Cypriot payment system Safecharge. No fees are charged. In our experience, this is both a reliable and a very fast method. The credit that was transferred by credit card will be available on the trading account after a very short time. A second option is to use internet-based payment systems. The services of WebMoney, OK Pay, and Neteller are available.

In some cases, fees are charged and there are also differences in the time span between the initiation of the transactions and receipt on the account. With WebMoney, you can expect to pay in about an hour; with Neteller, the booking to the online account is usually made on the same working day. The third option that can be used for deposits is the classic bank transfer. Depending on the bank, the fees can be up to 35 US dollars. This version is also less recommendable in terms of duration, as it takes three to five days before the money can actually be used in trading. The same methods that are available for depositing can also be used for withdrawing trading capital from the trading account. Here, too, you can expect corresponding fees or delays. For example, credit card withdrawals via Safecharge can take up to 10 days, with a fee of $0.50 USD to be expected.

Good support offer

Also with regard to customer service, the traders at FIBO Group can rely on a comfortable standard. In addition to an international support number that can be contacted around the clock. In addition, FIBO Group is also present via various social media and can be contacted via its Facebook page, for example.

So there are certainly a number of ways of contacting the company in a targeted manner in the event of questions and uncertainties. These include, by the way, a live chat, which is available around the clock in principle.

Support available: 24/7
Telephone: +357 25 030 930
Adress:not available
Languages: 2

Many offers can be used via the website

A lot of information and support services are available. These include a regular webinar, in which an expert talks about a current retail topic, gives market assessments, and also makes concrete recommendations. In addition, questions can also be asked.

mobile app

FIBO Group can also use a mobile version of every platform that is made available to the trade. App versions can be downloaded for the two currently popular systems iOS and Android. In the meantime, the mobile versions are hardly distinguishable from the conventional platforms in terms of their user-friendliness and the instruments that can be used. In principle, it is therefore also possible to use the wide range of products offered by FIBO Group and the numerous support options on the move.


With FIBO Group, traders have an online broker at their disposal with whom professional demands, in particular, can be satisfied. Besides the platform MetaTrader 4, the MT4 NDD is also available. Thus, numerous different strategies and special analysis techniques can be used. In connection with the very balanced range of underlying instruments in the area of currencies and in the area of shares, there are extremely many possibilities for trading. Another positive aspect is that it is a serious and reliable trader, which is regulated according to EU guidelines. Fraud or rip-offs are therefore not issues that the traders at FIBO Group have to deal with.

Most asked questions:

What is the Minimum Deposit?

Since 2019, the minimum deposit for trading with FIBO Group is $50. Please note, that the minimum deposit differs with each payment option and account type.

How is FIBO Group regulated?

FIBO Group is a trustworthy and serious broker that is regulated by three institutions: The FSC, the BaFin, and the CySec which means that the FIBO Group is regulated worldwide.

Is there a demo account?

Everyone can open up a demo account for free. However, traders have to fill out a lot of information about themselves to fully access the demo account. The registration itself takes only a few seconds.

What financial tools can be traded with FIBO Group?

FIBO Group is a forex and Spot metals broker. However, it is also possible to trade stocks, ETFs, and commodities on different trading platforms.

One Response

  1. Andre Witzel September 13, 2020

Leave a Reply

User Review
  • Sending
    Asset varierity
  • Sending
    Trading platform
  • Sending
  • Sending
  • Sending