FIBO Group Trading Signals - TU Expert review
Trading signals are one of the best trading options for beginners and for earning passive income. Novice traders can use such signals and earn a profit, while still learning. Brokers can offer various ways of receiving signals. Traders Union analysts have prepared a detailed analysis of FIBO Group trading signals. You will learn what kinds of trading signals FIBO Group offers and what the conditions for using them are.
Short introduction of FIBO Group
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).
| 💰 Account currency: | EUR, USD, CHF, GBP, GLD, BTC, ETH |
| 🚀 Minimum deposit: | From $1 |
| ⚖️ Leverage: | Up to 1:1000 |
| 💱 Spread: | From 0-2.0 pips |
| 🔧 Instruments: | Currencies, CFD, Spot Metals, Cryptocurrencies |
| 💹 Margin Call / Stop Out: | 20%, 50% |
FIBO Group Pros and Cons
👍 Advantages of trading with FIBO Group:
•a wide range of trading platforms, including terminal versions for mobile devices.
•24/7 technical support.
•large selection of currency pairs (over 60).
👎 Disadvantages of FIBO Group:
•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.
What are trading signals?
Trading signals are signals to enter a trade, which the broker provides to traders. They can be based both on fundamental and technical analysis.
A broker can provide signals in several ways:
-
Copy trading.
-
Email alerts.
-
Signals through a blog on the website.
-
Recommendations of a personal manager, etc.
When choosing signals, it is important to take into consideration their profitability, the list of trading instruments, the conditions of their provision – fees, markup, etc.
FIBO Group Trading Signals
We have analyzed Fibo Group trading conditions for the presence of explicit and hidden commissions. It is important to emphasize that there are no hidden commissions in the company, the commission for account replenishment via WebMoney is 0.8%, Skrill is 3.9%. When making a deposit through Connectum, RegularPay, Blockchain.com, BITPAY, Raidospare, Neteller - there is no commission. When replenishing through a bank transfer, the size of the commission depends on the sending bank and is about $35-50. When replenishing with a credit card through the YooMoney service, the commission is 2.35%. Withdrawal fee - from 0.8% to 4%, depending on the selected method of withdrawing funds.
| Account type | Spread (minimum value) | Withdrawal commission |
| Cent | From $0.06 | Yes |
| Fixed | From $20 | Yes |
| NDD | From $0 | Yes |
| cTrader NDD | From $0 | Yes |
| NDD No Commission | From $8 | Yes |
| MT5 NDD | From $0 | Yes |
Conclusion
Based on the results of the analysis, Traders Union analysts have concluded that FIBO Group does not have the best conditions for trading signals. The broker offers a limited choice of instruments, for which signals are provided, high fees and there are questions about signal profitability. Therefore, if you are planning to trade signals, it would be a good idea to consider another option.
- CoinSwitch Kuber Trading Signals
- Sharenet Trading Signals
- SuperForex Trading Signals
- Paymium Trading Signals
- ATFX Trading Signals
- AscendEX Trading Signals
- BitMEX Trading Signals
- Swyftx Trading Signals
- Bitfinex Trading Signals
- Emirex Trading Signals
- Weltrade Trading Signals
- FatBTC Trading Signals
- IG Markets Trading Signals
- NordFX Trading Signals
- FxPro Trading Signals
- AltCoinTrader Trading Signals
- BitForex Trading Signals
- Unocoin Trading Signals
- ABCC Trading Signals
- ICM Brokers Trading Signals
- Upbit Trading Signals
- FXGiants Trading Signals
- Pocket Option Trading Signals
- Quidax Trading Signals
- SimpleFX Trading Signals
- Fusion Markets Trading Signals
- Grand Capital Ltd. Trading Signals
- Robinhood Trading Signals
- Windsor Brokers Trading Signals
- Bitrue Trading Signals
FAQs
Can I reject a trading signal?
Yes, you can. However, if the signals are provided as a part of copy trading with automatic closing of positions, you need to monitor the platform.
How are the signals provided via a newsletter?
A trader regularly receives trading signals to his/her email or personal messages in the account. As a rule, they are provided in the form of a report with screenshots of technical analysis.
Do I need to test trading signals before subscribing to them?
Most definitely yes. Make sure that the signals do work and are effective.
Related Articles
Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.