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FIBO Group -

Score

4.95 /10
Average

FIBO Group

The Virgin Islands

10-15 years

Regulated in Cyprus

Common Financial Service License

MT4 Full License

Regional Brokers

United Kingdom European Authorized Representative (EEA) Revoked

Suspicious Overrun

High potential risk

Offshore Regulated

http://www.fibogroup.com

Influence

B

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Comparison

Quantity 9

Exposure

Time Machine
Website

Score

Regulatory Index3.92

Business Index8.62

Risk Management Index0.00

Software Index9.85

License Index3.92

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

open now

Broker Information

More

Company Name

FIBO Group, Ltd

Company Abbreviation

FIBO Group

Platform registered country and region

The Virgin Islands

Company website

Facebook

Instagram

YouTube

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 4
Previous Detection : 2025-02-23
  • The number of the complaints received by WikiFX have reached 8 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 532885) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Verification

Exposure

9 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

Most of my profitable orders have been deleted and my profits have been deducted

Most of my profitable orders have been deleted and my profits have been deducted

2021-06-04 22:34
Scam

Malicious slippage

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?

2023-04-21 16:25
Resolved

The profit has been deducted. Only principal is allowed to be withdrawn

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.

2021-06-07 14:33
Unable to Withdraw

Unable to withdraw

Beguile people into depositing funds with various reasons such as personal income tax, margin, risk fund and credit score

2021-03-13 08:25
Unable to Withdraw

The withdrawal hasn't arrived

Delay withdrawals with many fimsy reasons. The customer manager has been out of conatct.

2021-02-22 15:55
Unable to Withdraw

Fraud with malicious persuasion.

I was told that under the lead of professional traders, I would only make profits here. I downloaded the APP according to that woman’s instruction on WeChat and registered my account. The Customer Service told me that the minimum deposit is 200. After I deposited 5000 for a try, the woman said I had to invest 5000 more before she can teach me and so I did. She let me add the administrator’s QQ to operate. Then I was told that I had lost it all due to my misoperation and I had to invest more to start over. Being impatient, I deposited additional 10000. After that, she said no trader would like to lead me due to my misoperation and let me invest a total amount of 10000 for appointing a trader. I didn’t have that much money and wish to quit. I wanted to withdraw the 10000 in my account and they refused. Currently, I only hope I can withdraw the 10000 in my account.

2020-07-07 23:04
Severe Slippage

Profit is cancelled and slip to liquidate

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.

2023-04-04 23:31
Unable to Withdraw

After I submitted the ID information and paid the margin, as well as opened an overseas account, the service didn’t respond any more.

After I submitted the ID information and paid the margin, as well as opened an overseas account, the service didn’t respond any more.

2020-07-29 08:15
Unable to Withdraw

Difficult to withdraw money

Cannot withdraw money! The investors must deposit the margin and pay personal income tax and foreign account fees

2020-10-06 09:49
    Data Source WikiFX Data provide
    Updated: 2025-02-23
    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 Leverage1:1000
    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
    Commission❌❌0.003% from the amount of a transaction❌0.003% 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, EUR❌Around 35-50 USDWithin 2-5 days3-5 business days
    MasterCardUSD❌4.5% + 1.2 usdAutomatically upon receipt of fundsA few minutes
    NetellerUSD, EUR❌2%, min 1 USD/EUROnce the payment clearedWithin 2 business days, excluding the day the application was submitted
    SkrillUSD❌1%Once the payment cleared or inside office hoursWithin several minutes
    TCPAYUSD❌3%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

    NewsWIKIFX REPORT: Maintenance works on the server July 19, 2022

    Attention!!!

    WikiFX
    2022-07-18 13:46
    WIKIFX REPORT: Maintenance works on the server July 19, 2022

    NewsWIKIFX REPORT: The number of available currency pairs to be changed

    The Cyprus Securities and Exchange Commission issued a license to and oversaw the Financial Intermarket Brokerage Group (FIBO Group Ltd), which was established in 1998. (CySEC). The Financial Services Commission (FSC) of the British Virgin Islands has also granted permission for the worldwide website (BVI). The broker provides a variety of live, PAMM, and demo account choices, as well as trading on MT4, MT5, and cTrader.

    WikiFX
    2022-07-11 15:37
    WIKIFX REPORT: The number of available currency pairs to be changed

    NewsWIKIFX REPORT: Change in deposit and withdrawal of funds via Webmoney

    A number of funding options are available from FIBO Group, including bank wire, credit cards, and online payment processors like Skrill and Neteller. Keep in mind that things will change according on your jurisdiction.

    WikiFX
    2022-07-11 14:59
    WIKIFX REPORT: Change in deposit and withdrawal of funds via Webmoney

    NewsTHOMAS SELBY PARTS WAYS WITH IRONFX AFTER ONLY ONE MONTH

    Trade EverestCM, a retail forex broker regulated by Mauritius Financial Services Commission (FSC), has appointed Thomas Selby as its chief business development officer.

    WikiFX
    2022-02-18 12:03
    THOMAS SELBY PARTS WAYS WITH IRONFX AFTER ONLY ONE MONTH
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    User comment

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    Comments

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    Quket
    more than one year
    FIBO Group, a seasoned player in the online trading world, offers impressive leverage of up to 400, which is great for ambitious traders. Plus, their minimum deposit requirement is just 100 euros, making it accessible for traders of all levels. I'm definitely a fan of their competitive offering and would recommend FIBO Group to anyone looking for a solid trading platform.
    FIBO Group, a seasoned player in the online trading world, offers impressive leverage of up to 400, which is great for ambitious traders. Plus, their minimum deposit requirement is just 100 euros, making it accessible for traders of all levels. I'm definitely a fan of their competitive offering and would recommend FIBO Group to anyone looking for a solid trading platform.
    Translate to English
    2024-07-16 18:36
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    Streaming
    more than one year
    Like their MetaTrader 4 and 5! They offer fast trades with direct access to banks, which is great! Just watch out for the fixed commissions on some trades!
    Like their MetaTrader 4 and 5! They offer fast trades with direct access to banks, which is great! Just watch out for the fixed commissions on some trades!
    Translate to English
    2024-06-04 14:19
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