Score

4.09 /10
Average

FIBO Group

The Virgin Islands

15-20 years

Regulated in The Virgin Islands

Retail Forex License

MT4 Full License

United Kingdom European Authorized Representative (EEA) Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

B

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Comparison

Quantity 18

Exposure

Time Machine
Website

Score

Regulatory Index2.49

Business Index8.62

Risk Management Index0.00

Software Index9.85

License Index2.49

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

FIBO Group, Ltd

Company Abbreviation

FIBO Group

Platform registered country and region

The Virgin Islands

Company website

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Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts 5
Previous Detection : 2025-09-15
  • WikiFX has received a total of 17 user complaints against this broker, please be aware of the risks and do not be scammed!
  • United KingdomFCA (license number: 532885) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
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    FIBO Group · Company summary
    Quick FIBO Group Review Summary
    Found1998
    Registered Country/RegionThe Virgin Islands
    RegulationFSC (Offshore)
    Market InstrumentsForex, spot metals, cryptocurrencies, CFDs, US stocks
    Account TypeMT4 NDD, MT4 Cent, MT4 NDD No Commission, MT4 Fixed, MT5 NDD, cTrader NDD, cTrader Zero Spread
    Demo Account
    Islamic Account
    Min Deposit$0
    Max Leverage1:3000
    SpreadFrom 0 pips
    Trading PlatformMT4, MT5, cTrader
    Copy Trading
    Payment MethodsSEPA, Swift, MasterCard, Neteller, Skrill, bitpay, cryptocurrencies
    Deposit Fee
    Withdrawal FeeFree for most methods
    Customer SupportLive chat, tel: 400-155-7215
    Regional RestrictionsThe United Kingdom, North Korea, and the United States

    FIBO Group Information

    FIBO Group, or International Financial Holding FIBO Group, is an international financial holding company that was established in 1998. It offers online trading services, primarily in the foreign exchange market, but also provides a platform for the trading of CFDs, commodities, and cryptocurrencies. Headquartered in Vienna, Austria, the company has a global presence with subsidiaries in the British Virgin Islands, Cyprus, Australia, Singapore, and Russia, as well as offices in several other countries. FIBO Group started as an investment consulting firm and evolved into a prominent player in the forex market, and in 2017 it expanded into cryptocurrency derivatives.

    FIBO Group's homepage

    Pros & Cons

    ProsCons
    Wide range of trading instrumentsOffshore regulated
    Demo accountsClients from the UK, North Korea, and the USA are not allowed
    Multiple account types
    MT4/5 and cTrader platforms
    Copy trading
    Popular payment options
    No deposit fees
    Live chat support

    Is FIBO Group Legit?

    FIBO Group is currently offshore regulated by British Virgin Islands Financial Services Commission (FIBO).

    Regulated CountryRegulated byCurrent StatusRegulated EntityLicense TypeLicense Number
    The Virgin Islands
    FIBOOffshore RegulatedFIBO GROUP, LTD.Retail Forex LicenseSIBA/L/14/1063

    Market Instruments

    FIBO Group offers mainstream and popular financial products in the global financial market for investors, including forex, spot metals, cryptocurrencies, CFDs, and US stocks.

    Trading AssetsAvailable
    Forex
    Spot metals
    Cryptocurrencies
    CFDs
    US stocks
    Indices
    Bonds
    Options
    ETFs

    Account Types/Fees

    Apart from demo accounts, FIBO Group offers eight account types, namely MT4 Cent, MT5 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread, and MT5 NDD.

    Account TypeMT4 CentMT4 FixedMT4 NDDMT4 NDD No CommissioncTrader NDDcTrader Zero SpreadMT5 NDD
    Order Execution TechnologyNo Dealing DeskMarket MakerNo Dealing DeskNo Dealing DeskNo Dealing DeskNo Dealing DeskNo Dealing Desk
    Account CurrencyUSD cent, GLD centEUR, USDEUR, USD, GLDEUR, USD, GLD, BTC, ETHUSD, EURUSDUSD
    Min Deposit$0$50$50$50$50$50$50
    Max Leverage1:30001:2001:4001:4001:4001:10001:400
    Spread from0.6 pips2 pips0 pips0.8 pips0 pips0 pips0 pips
    Commission0.003% from the amount of a transaction0.003% from the amount of a transaction0.012% from the amount of a transaction, min $10.003% from the amount of a transaction
    Stop Out Level20%20%50%50%20%20%50%
    CFD Trading
    Islamic Account
    Managed Account (PAMM)
    Account comparison

    How to Open an Account with FIBO Group?

    Step 1: Sign up-Creating your Client Area. The first stage of registration with the company is creating your Client Area. To do this, you need to indicate your email address and phone number in the sign-up form on the site.

    Step 2: Verification of email, phone number and proof of identity. To verify your email, this broker will send you an email to the address you indicate while signing up. Click the link in the message to confirm your email address.

    Step 3: Depositing funds to your account and starting trading.

    Leverage

    FIBO Group provides different maximum leverage ratios for different tradable assets and account types. Find detailed info in the table below:

    Account TypeMT4 CentMT4 FixedMT4 NDDMT4 NDD No CommissioncTrader NDDcTrader Zero SpreadMT5 NDD
    Max Leverage for Forex1:30001:2001:4001:4001:4001:10001:400
    Max Leverage for Metals1:30001:2001:4001:4001:4001:4001:100
    Max Leverage for Cryptocurrencies1:251:251:251:251:11:11:25
    Max Leverage for US Stocks1:11:201:201:201:11:11:20

    While leverage presents an opportunity to increase funds, it's important for traders to understand that higher leverage also comes with higher risks.

    Trading Platforms

    FIBO Group provides traders with a choice of three reliable and widely-used trading platforms.

    The cTrader platform offers direct trading with international banking institutions and features high-speed order execution, customizable indicators, and market depth display.

    The MetaTrader 4 platform is customizable and user-friendly, with a range of technical indicators, strategy tester, and one-click trading.

    The MetaTrader 5 platform offers multi-asset trading, advanced strategy tester, netting and hedging modes, and comprehensive analytical tools such as built-in indicators, financial news, and an economic calendar. All platforms are available on desktop, Android, and iOS devices.

    trading-platform
    trading-platform

    Deposit & Withdrawal

    FIBO Group accepts deposits and withdrawals via banks, credit card, e-wallets, and cryptocurrencies.

    Payment MethodAccepted CurrencyDeposit FeeWithdrawal FeeDeposit TimeWithdrawal Time
    SEPA/SWIFTUSD, EURAround 35-50 USDWithin 2-5 days3-5 business days
    MasterCardUSD4.5% + 1.2 usdAutomatically upon receipt of fundsA few minutes
    NetellerUSD, EUR2%, min 1 USD/EUROnce the payment clearedWithin 2 business days, excluding the day the application was submitted
    SkrillUSD1%Once the payment cleared or inside office hoursWithin several minutes
    TCPAYUSD3%ImmediatelyAs soon as the withdrawal request is processed
    bitpayBTC, ETH, BCH, XRP/Once the payment cleared/
    CryptocurrenciesBTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20)Network fee0.5%Once the payment clearedWithin several minutes, up to several hours
    RAIDO R SPAREBTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20)//Within several minutes
    Deposit & Withdrawal 1
    Deposit & Withdrawal 2
    Deposit & Withdrawal 3

    Frequently Asked Questions (FAQs)

    Q 1:At FIBO Group, are there any regional restrictions for traders?
    A 1:Yes. The services of FIBO Group are not provided to residents of the UK, North Korea and the USA.
    Q 2:Can I have more than one account?
    A 2:Yes, you may open more than one account with FIBO Group. To open an additional account you should log in to your client area and click “Open a new trading account.” It is not necessary to submit your ID and Utility bill again (Unless the details have changed).
    Q 3:Can I trade with an EA (Expert Advisor or robot)?
    A 3:Yes, you may trade with any forex Expert Advisors you like.
    Q 4:What is the minimum deposit for FIBO Group?
    A 4:$0.
    Q 5:Is FIBO Group a good broker for beginners?
    A 5:Yes. FIBO Group is a good choice for beginners because it is regulated well and offers various trading instruments with competitive trading conditions on the leading MT4 and MT5 platforms. Also, it offers demo accounts that allow traders to practice trading without risking any real money.

    Risk Warning

    Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

    News

    NewsFIBO Group Review: After Surrendering Its CySEC License, Is It Still Trustworthy?

    Is FIBO Group still trustworthy? CySEC license surrendered, FCA authorization terminated, and operations tied to a BVI offshore license. See WikiFX scores and client feedback.

    WikiFX
    2025-09-15 10:19
    FIBO Group Review: After Surrendering Its CySEC License, Is It Still Trustworthy?

    ExposureFibo Group Scam Warning: Offshore After License Loss

    Fibo Group review highlights revoked regulation, offshore risks, and verified scam complaints from global traders.

    WikiFX
    2025-09-10 18:02
    Fibo Group Scam Warning: Offshore After License Loss

    NewsFibo Markets Officially Withdraws CySEC License

    CySEC confirms Fibo Markets’ CIF license withdrawal after the broker’s voluntary renunciation, citing DI87-05 and the Investment Services Law.

    WikiFX
    2025-09-10 16:30
    Fibo Markets Officially Withdraws CySEC License

    NewsFIBO Group: A Closer Look at Its Licenses

    When selecting a broker, understanding its regulatory standing is an important part of assessing overall reliability. For traders seeking to protect their capital, ensuring that a platform operates under recognised and stringent oversight can make all the difference. Keep reading to learn more about FIBO Group and its licenses.

    WikiFX
    2025-08-01 17:05
    FIBO Group: A Closer Look at Its Licenses

    User Reviews

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    User comment

    21

    Comments

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    FX6750903922
    0-3months
    Scam broker: This broker scammed me my money... I was eagerly persuaded to deposit my funds, deposited and it didn't reflect, I opened another account and same thing happened
    Scam broker: This broker scammed me my money... I was eagerly persuaded to deposit my funds, deposited and it didn't reflect, I opened another account and same thing happened
    Translate to English
    2025-09-10 06:14
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    FX3744815689
    0-3months
    This broker is a scam, I have traded so many trades and all to no avail.. they have taken my money
    This broker is a scam, I have traded so many trades and all to no avail.. they have taken my money
    Translate to English
    2025-09-10 05:30
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    18