Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
FIBO Group Pros & Cons
- a wide range of trading platforms, including terminal versions for mobile devices.
- 24/7 technical support.
- large selection of currency pairs (over 60).
- penalties and fees for early money withdrawal from a PAMM account.
- customer service is available 24/7, but often there is a response delay of 12 hours or more.
- a fairly modest program for bonuses, promotions, and special offers.
- large minimum deposits, which can be a problem for the beginner traders.
- relatively high spreads, especially when working with not the most popular trading instruments.
Fibo Group broker is an international financial holding company, it has been operating since 1998. It is considered to be one of the first brokers to operate in the Forex market. The company offers a wide range of services for trading and investing. Fibo Group is an award-winning company, having won “Best ECN Broker” at the Forex EXPO in 2014 and “The Most Trusted Forex Broker 2014” according to the International Investment and Finance Exhibition of China. These achievements are a testament to their high quality. The broker is licensed by FSC. Jurisdiction - British and Virgin Islands (SIBA/L/13/1063).
TU Expert Verdict
FIBO Group is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
FIBO Group User Reviews
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5-star
26%
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4-star
26%
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3-star
44%
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2-star
0%
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1-star
4%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria6 /10The trading and non-trading commissions of FIBO Group have been analyzed and rated as having Medium fees, with a fees score of 6/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- Deposit fee applies
- Withdrawal fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FIBO Group with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FIBO Group’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FIBO Group Standard spreads FIBO Group OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.2 0.5 1.2 GPB/USD min, pips 0.5 0.1 0.9 GPB/USD max, pips 0.8 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FIBO Group RAW/ECN spreads FIBO Group OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 3 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FIBO Group. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FIBO Group Non-Trading Fees FIBO Group OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0-4.9 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0-4.9 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 1.5 0-15 0 Inactivity fee ($, per month) 0 0 15 -
Is FIBO Group Safe?
We checked the FIBO Group officeScore:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria6.8 /10FIBO Group has a safety score of 6.8/10, which corresponds to a Medium security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Negative balance protection
- Track record over 28 years
- Not tier-1 regulated
FIBO Group Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
BVI FSC Full Name British Virgin Islands Financial Services Commission Country of regulation British Virgin Islands Investor Protection Fund No specific fund Regulation Level Tier-2 FIBO Group Security Factors Foundation date 1998 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.8.6 /10FIBO Group offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, Managed.
FIBO Group covers the core account types, making it convenient for traders with different preferences and strategies.
- Low minimum deposit
- Demo account
- Standard account with balanced trading conditions
- No VIP account option
FIBO Group account types vs top competitors FIBO Group Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro YesNoNoSwap Free YesNoNoVIP NoNoNoManaged YesNoNoFIBO Group accounts trading conditions
The Fibo Group offers a range of accounts to choose from. There are options for beginners and professional traders. They differ in the minimum deposit size, type/level of spread, as well as the presence or absence of a commission.
Account types:
Account Type Description MT4 Cent is a cent account with no minimum deposit requirements. The maximum leverage is 1:1000, the spread is from 0.6 pips. A great solution for beginners and checking the trading system; MT4 Fixed is a branded account for experienced traders who prefer classic trading. Spread - from 2 pips, minimum deposit - $50, no commission; MT4 NDD is an account for customers who want to work directly with liquidity providers. Ideal for scalping. Spread - from 0 pips, minimum deposit - $50, commission - 0.003% of the transaction amount; MT4 NDD No Commission is the perfect solution for scalpers. An important advantage of this account is the lack of commission. Spread - from 0.8 pips, minimum deposit - $50; cTrader NDD this type of account is intended for traders who use the cTrader terminal in trading. Suitable for intraday trading. Spread - from 0 pips, minimum deposit - $50, commission - 0.003% of the transaction amount; MT5 NDD is a great solution for scalping and using automated advisors or trading signals. It is primarily aimed at professional traders, since the minimum deposit is $1,000. Spread - from 0 pips, commission - 0.006% of the transaction amount. To learn more about the capabilities and working conditions of this broker, we recommend using a demo account.
The Fibo Group is a reliable company that provides ample opportunities for comfortable trading and is aimed at a diverse audience of clients - from the beginners to professionals.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6.2 /10FIBO Group received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FIBO Group provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Supports 5+ base account currencies
- Bitcoin (BTC) accepted
- Bank card deposits and withdrawals
- BTC available as a base account currency
- Deposit fee applies
- Wise not supported
- PayPal not supported
What are FIBO Group deposit and withdrawal options?
FIBO Group provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Skrill, Neteller, BTC, Ethereum.
FIBO Group Deposit and Withdrawal Methods vs Competitors FIBO Group Trading.com Plus500 Bank Wire NoYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are FIBO Group base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. FIBO Group supports the following base account currencies: USD, EUR, GBP, CHF, Bitcoin, ETH.
What are FIBO Group's minimum deposit and withdrawal amounts?
The minimum deposit on FIBO Group is $0, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FIBO Group’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria4.8 /10FIBO Group offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 41 Forex pairs.
- Indices trading
- 41 supported currency pairs
- Crypto trading
- Copy trading not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by FIBO Group with its competitors, making it easier for you to find the perfect fit.
FIBO Group Trading.com Plus500 Currency pairs 41 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 200 69 2800 Stocks YesNoYesCommodity futures YesNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products FIBO Group offers for beginner traders and investors who prefer not to engage in active trading.
FIBO Group Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing YesNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at FIBO Group by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with FIBO Group in 10 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at FIBO Group is $0. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
FIBO Group account opening FIBO Group Trading.com Plus500 Online Registration YesYesYesMinimum deposit $0 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 10 20 KYC time (days) 1 2 3 Is FIBO Group available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start trading in the Forex Market with the Fibo Group and receive a spread refund using Traders Union, you need to:
Register on the Traders Union website, which is simple, fast and free. Once you have completed your registration you will receive a special affiliate link, go to the website of Fibo Group. On the broker’s home page click the "Open Trading Account" button.
Log in by entering: your phone number, your last name and first name (in English), as well as your email address (will be used as a login). The data for entering your personal account will be sent to the specified mail. Before replenishing your account, we strongly recommend that you go through verification.
The following functions in the Fibo Group personal account are available:
- Account replenishment.
- Withdrawal of funds.
In addition, a number of other useful functions are available to users:
- Information on bonuses received as part of affiliate programs.
- Latest market news.
- Managed Account Data (PAMM).
- Sending messages to Customer support staff
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.5 /10FIBO Group received a score of 7.5/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- cTrader with advanced tools and Level II pricing
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- MetaTrader is available
- No TradingView integration
- Strategy (EA) Builder is not available
- No access to a proprietary platform
Supported trading platforms
FIBO Group supports the following trading platforms: MT4, MT5, cTrader, WebTrader. This selection covers the basic needs of most retail traders. We also compared FIBO Group’s platform availability with that of top competitors to assess its relative market position.
FIBO Group Trading.com Plus500 MT4 YesNoNoMT5 YesYesNocTrader YesNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader YesYesYesKey FIBO Group’s trading platform features
We also evaluated whether FIBO Group offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features 2FA YesAlerts NoTrading bots (EAs) YesOne-click trading YesScalping YesSupported indicators 123 Tradable assets 200 Additional trading tools
FIBO Group offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
FIBO Group trading tools vs competitors FIBO Group Trading.com Plus500 Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoYesNoAPI NoNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria7 /10FIBO Group supports mobile trading, offering dedicated apps for both iOS and Android. FIBO Group received a score of 7/10 in this section, indicating a generally acceptable mobile trading experience.
- Indicators supported
- Mobile alerts supported
- Solid iOS user feedback, with a rating of 5.0/5
- Mobile 2FA not supported
We compared FIBO Group with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
FIBO Group Trading.com Plus500 Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 50,000 50,000 10,000,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 5.0 4.8 4.7 Google Play score 4.2 4.7 4.4 Mob. 2FA NoYesYesMob. Indicators YesYesYesMob. Alerts YesYesYes -
Customer Support
Score:We evaluated Customer Support at FIBO Group by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.6 /10Customer support at FIBO Group is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. FIBO Group provides basic support functionality but does not stand out in overall service performance.
InformationThe broker provides 24/7 customer support.
- There is an online chat and a phone support
- Multilingual support(English, Indonesian, Spanish,German, Russian, French)
- Not working on weekends
There are several ways to contact Customer support:
- by phone numbers indicated on the site;
- via email;
- via live chat on the broker's website;
- via the feedback form in your account.
Customer support is available both from the site of the brokerage company and from your personal account.
Contacts Foundation date 1998 Registration address Suite 925a, Block 8/9, Europort, Gibraltar. Regulation FSC BVI Licence number:
SIBA/L/13/1063Official site fibogroup.com Contacts sales@fibo.ru +43 720022355, 8 800 505-34-26
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FAQs
How safe is FIBO Group in terms of regulation and client protection?
FIBO Group has a safety score of 6.8/10, which corresponds to a Medium security level in this review. It is regulated by the British Virgin Islands Financial Services Commission (a Tier-2 regulator), offers negative balance protection and KYC verification, but is not tier-1 regulated and does not participate in a specific investor protection fund according to the section.
What account types and trading conditions are available with FIBO Group?
FIBO Group offers Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, and Managed accounts, covering a range of needs from beginners to more experienced traders. Specific options include MT4 Cent with no minimum deposit and leverage up to 1:1000, MT4 Fixed and MT4 NDD variants, cTrader NDD, and MT5 NDD, which differ by minimum deposit, spreads, and whether a commission is charged.
What do user reviews say about FIBO Group overall?
FIBO Group has a user satisfaction score of 7.4/10 based on 54 reviews, with 26% of users giving 5 stars, 26% giving 4 stars, 44% giving 3 stars, 0% giving 2 stars, and 4% giving 1 star. According to user reviews, overall sentiment is mixed, with a significant share of mid-range (3-star) ratings alongside positive and a small number of negative evaluations.
What deposit and withdrawal options and limits does FIBO Group provide?
FIBO Group supports deposits and withdrawals via bank cards, Skrill, Neteller, BTC, and Ethereum, but does not offer PayPal, Wise, or bank wire transfers according to this section. The minimum deposit is stated as $0 and the minimum withdrawal as $30, though these thresholds and any fees may vary by account type and payment method and are not fully detailed in the review.
What markets and tradable assets are available at FIBO Group according to the review feedback?
FIBO Group offers 200 total tradable assets, including 41 currency pairs, stocks, commodity futures, cryptocurrencies, and stock indices, but options are not available. The review notes that the overall asset selection is limited compared to the market average, while also mentioning PAMM investing and managed accounts as additional investment options.
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Fibo Group's affiliate program really allows you to compensate part of your costs if you trade actively. With MOFT rebate I was able to reduce costs on some instruments, especially on accounts with fixed spreads.
Партнёрская программа Fibo Group действительно позволяет компенсировать часть издержек, если активно торгуешь. С рибейтом от MOФТ получилось снизить затраты по некоторым инструментам, особенно на счётах с фиксированными спредами.