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Score
The Virgin Islands
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
Influence
Add brokers
Comparison
Quantity 18
Exposure
Score
Regulatory Index2.49
Business Index8.62
Risk Management Index0.00
Software Index9.85
License Index2.49
Single Core
1G
40G
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Company Name
FIBO Group, Ltd
Company Abbreviation
FIBO Group
Platform registered country and region
The Virgin Islands
Company website
YouTube
Company summary
Pyramid scheme complaint
Expose
Most of my profitable orders have been deleted and my profits have been deducted
Cannot withdraw money! The investors must deposit the margin and pay personal income tax and foreign account fees
i find it difficult to place a withdrawal from here and also receive it quickly, it's time consuming have lots of ads and ask for unnecessary information that are not required for the withdrawal
The profit is gone with the transaction record. Today, it is good for the market. The order is gone after placing it. Then, the spread widened for dozens of pips and even slumps for dozens of pips. From the picture, it can be seen that there is no such price.
Delay withdrawals with many fimsy reasons. The customer manager has been out of conatct.
Beguile people into depositing funds with various reasons such as personal income tax, margin, risk fund and credit score
I have been using this broker for over a year and I didn't have issues until recently when my account was almost wiped out due to large gap in price difference I lost my capital and I can say this broker is not to be trusted
The market opened at 1992 and never reached 2003. The international market closed my position at 1993 when it it 2010, and the speed of opening and closing was severely delayed by one minute. It is normal to contact their risk control department and say that there are no issues?
This broker is a scam, I have traded so many trades and all to no avail.. they have taken my money
Bitcoin caught up with the big market and made a wave of small profits. The platform deducted the profits and only allowed to withdraw the principal.
My trading log shows 32 instances where the platform executed at a worse price than requested—sometimes by over 10 pips. The total cost of these manipulations? Over $400 in losses that had nothing to do with my strategy’s performance
While I understand that market conditions can be volatile at times, the significant difference between the buy and sell price seems excessive. This discrepancy has made it nearly impossible to achieve profitability and has resulted in financial losses on my end. I believe a more balanced spread would contribute to a fairer trading environment for all participants."
there is no withdrawal button which means you cannot withdraw and customer service is not responding
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
I had high expectations after reading their marketing claims, but my account tells a different story. Over two months, I lost a considerable amount because trades were consistently executed at worse prices. Severe slippage here is not occasional
My trading account number is 3048898. I opened a position in the US stock MSFT on the 30th, and my order was maliciously liquidated by FIBO before the US stock market opened. I did not open the position on a weekend or a holiday. There was no such tactic as weekend and holiday liquidation. I opened the position on Tuesday evening during the US trading session, and you did not change the margin until the US market closed. Instead, you deleted the order during the non-trading time the next afternoon. It is clear that FIBO deliberately caused this, resulting in my heavy losses. The platform refused to respond. I urge all traders not to choose this broker with no credit.
Quick FIBO Group Review Summary | |
Found | 1998 |
Registered Country/Region | The Virgin Islands |
Regulation | FSC (Offshore) |
Market Instruments | Forex, spot metals, cryptocurrencies, CFDs, US stocks |
Account Type | MT4 NDD, MT4 Cent, MT4 NDD No Commission, MT4 Fixed, MT5 NDD, cTrader NDD, cTrader Zero Spread |
Demo Account | ✅ |
Islamic Account | ✅ |
Min Deposit | $0 |
Max Leverage | 1:3000 |
Spread | From 0 pips |
Trading Platform | MT4, MT5, cTrader |
Copy Trading | ✅ |
Payment Methods | SEPA, Swift, MasterCard, Neteller, Skrill, bitpay, cryptocurrencies |
Deposit Fee | ❌ |
Withdrawal Fee | Free for most methods |
Customer Support | Live chat, tel: 400-155-7215 |
Regional Restrictions | The United Kingdom, North Korea, and the United States |
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.
Pros | Cons |
Wide range of trading instruments | Offshore regulated |
Demo accounts | Clients 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 |
FIBO Group is currently offshore regulated by British Virgin Islands Financial Services Commission (FIBO).
Regulated Country | Regulated by | Current Status | Regulated Entity | License Type | License Number |
![]() | FIBO | Offshore Regulated | FIBO GROUP, LTD. | Retail Forex License | SIBA/L/14/1063 |
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 Assets | Available |
Forex | ✔ |
Spot metals | ✔ |
Cryptocurrencies | ✔ |
CFDs | ✔ |
US stocks | ✔ |
Indices | ❌ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
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 Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
Order Execution Technology | No Dealing Desk | Market Maker | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
Account Currency | USD cent, GLD cent | EUR, USD | EUR, USD, GLD | EUR, USD, GLD, BTC, ETH | USD, EUR | USD | USD |
Min Deposit | $0 | $50 | $50 | $50 | $50 | $50 | $50 |
Max Leverage | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
Spread from | 0.6 pips | 2 pips | 0 pips | 0.8 pips | 0 pips | 0 pips | 0 pips |
Commission | ❌ | ❌ | 0.003% from the amount of a transaction | ❌ | 0.003% from the amount of a transaction | 0.012% from the amount of a transaction, min $1 | 0.003% from the amount of a transaction |
Stop Out Level | 20% | 20% | 50% | 50% | 20% | 20% | 50% |
CFD Trading | ❌ | ✔ | ✔ | ❌ | ❌ | ❌ | ❌ |
Islamic Account | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
Managed Account (PAMM) | ❌ | ✔ | ✔ | ✔ | ❌ | ❌ | ❌ |
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.
FIBO Group provides different maximum leverage ratios for different tradable assets and account types. Find detailed info in the table below:
Account Type | MT4 Cent | MT4 Fixed | MT4 NDD | MT4 NDD No Commission | cTrader NDD | cTrader Zero Spread | MT5 NDD |
Max Leverage for Forex | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:1000 | 1:400 |
Max Leverage for Metals | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:400 | 1:100 |
Max Leverage for Cryptocurrencies | 1:25 | 1:25 | 1:25 | 1:25 | 1:1 | 1:1 | 1:25 |
Max Leverage for US Stocks | 1:1 | 1:20 | 1:20 | 1:20 | 1:1 | 1:1 | 1:20 |
While leverage presents an opportunity to increase funds, it's important for traders to understand that higher leverage also comes with higher risks.
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.
FIBO Group accepts deposits and withdrawals via banks, credit card, e-wallets, and cryptocurrencies.
Payment Method | Accepted Currency | Deposit Fee | Withdrawal Fee | Deposit Time | Withdrawal Time |
SEPA/SWIFT | USD, EUR | ❌ | Around 35-50 USD | Within 2-5 days | 3-5 business days |
MasterCard | USD | ❌ | 4.5% + 1.2 usd | Automatically upon receipt of funds | A few minutes |
Neteller | USD, EUR | ❌ | 2%, min 1 USD/EUR | Once the payment cleared | Within 2 business days, excluding the day the application was submitted |
Skrill | USD | ❌ | 1% | Once the payment cleared or inside office hours | Within several minutes |
TCPAY | USD | ❌ | 3% | Immediately | As soon as the withdrawal request is processed |
bitpay | BTC, ETH, BCH, XRP | ❌ | / | Once the payment cleared | / |
Cryptocurrencies | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | Network fee | 0.5% | Once the payment cleared | Within several minutes, up to several hours |
RAIDO R SPARE | BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20) | / | ❌ | / | Within several minutes |
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. |
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.
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.
Fibo Group review highlights revoked regulation, offshore risks, and verified scam complaints from global traders.
CySEC confirms Fibo Markets’ CIF license withdrawal after the broker’s voluntary renunciation, citing DI87-05 and the Investment Services Law.
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.
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