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.
TU Expert Verdict
FIBO Group demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
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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
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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
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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.
- Standard account with balanced trading conditions
- Cent account for beginners
- Forex account with Micro lots
- No VIP account option
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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.
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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.
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Trading Account Opening
We 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.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 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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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.
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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 /10 -
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 /10
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FIBO Group Video Guides
FAQs
What commissions and fees does FIBO Group charge for forex trading and account funding?
FIBO Group’s overall fee level is rated as medium, with low forex trading fees, tight EUR/USD spreads, and no inactivity fee. Standard account EUR/USD spreads typically range from 0.1 to 0.2 pips and GBP/USD from 0.5 to 0.8 pips, while ECN accounts have an average EUR/USD spread of 0.1 pips and GBP/USD of 0.2 pips plus a $3 commission per lot; deposit and withdrawal fees range from 0% to 4.9%, with a minimum withdrawal fee of $1.5.
What types of trading accounts does FIBO Group offer and how do they differ?
FIBO Group provides Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, and Managed accounts, with no VIP option mentioned. Specific account types vary by minimum deposit, spreads, and commissions, for example MT4 Cent has no minimum deposit and spreads from 0.6 pips, MT4 Fixed has a $50 minimum and spreads from 2 pips with no commission, while MT4 NDD and cTrader NDD offer spreads from 0 pips with commissions based on a percentage of the transaction amount.
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% 5-star, 26% 4-star, 44% 3-star, 0% 2-star, and 4% 1-star ratings. According to user reviews, the overall sentiment is mixed rather than strongly positive or negative.
Which markets and tradable assets are available at FIBO Group according to user feedback?
FIBO Group offers 200 tradable assets, including 41 currency pairs, as well as stocks, commodity futures, cryptocurrencies, and stock indices, while options are not available. For more passive or investment-style products, the broker provides PAMM investing and managed accounts, but does not offer bonds, ETFs, or copy trading according to the section.
How does the FIBO Group trading account opening process work and what do reviews highlight about it?
Opening an account with FIBO Group is fully online, took 10 minutes in the test, and required KYC verification that was completed within 1 business day, with a minimum deposit of $0. The process is described as accessible and hassle-free overall, although it may feel less convenient for beginners according to the review.
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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.