FIBO Group Review 2025: Is This Forex Broker Right for Your Trading Needs?

Overview

FIBO Group, or Financial Intermarket Brokerage Online Group, is a well-established international broker that has been providing online trading services in the financial markets since 1998. Headquartered in the Costa Rica with additional regulation under the Cyprus Securities and Exchange Commission (CySEC), FIBO Group has built a strong global presence over the years. The company operates through subsidiaries in various countries, including Austria, Cyprus, Australia, Singapore, and Russia.

As one of the oldest players in the internet trading industry, FIBO Group has consistently adhered to principles of transparency, client interest protection, and strict regulatory compliance. This commitment to excellence has earned the broker recognition and a solid reputation among traders worldwide.

Overview Table

Feature	Details
Headquarters	Costa Rica
Established	1998
Regulation	Financial Services Commission (FSC) BVI, Cyprus Securities and Exchange Commission (CySEC)
Trading Platforms	MetaTrader 4, MetaTrader 5, cTrader
Account Types	MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread, MT5 NDD
Minimum Deposit	$0 (MT4 Cent), $50 (all other accounts)
Maximum Leverage	Up to 1:3000 (varies by account type and instrument)
Tradable Assets	41+ Forex pairs, Spot Metals, Cryptocurrencies, CFDs, 8000+ US Stocks
Spread	From 0 pips (varies by account type and instrument)
Commission	From 0% to 0.012% (varies by account type)
Deposit Methods	Bank Wire Transfer, Credit/Debit Cards, E-wallets, Cryptocurrencies
Withdrawal Methods	Bank Wire Transfer, Credit/Debit Cards, E-wallets, Cryptocurrencies
Deposit Fees	None
Withdrawal Fees	None for most methods, some may incur small fees
Customer Support	24/5 via Live Chat, Email, Phone, Social Media
Educational Resources	Webinars, Tutorials, Market Analysis, Economic Calendar, Trading Academy
Trading Tools	Advanced Charting, Technical Analysis, Trading Signals, VPS Hosting
Mobile Trading	MT4, MT5, cTrader Mobile Apps, FIBO Forex Drive App
Negative Balance Protection	Yes
Segregated Client Funds	Yes
Prohibited Countries	United States, Canada, Japan, Australia, Belgium, Israel, Palestine, Sudan, North Korea, Iran, Syria, Afghanistan
Website	https://fibogroup.com/

Facts List

1. Established in 1998, making it one of the oldest online forex and CFD brokers
2. Headquartered in the Costa Rica with additional CySEC regulation for EU clients
3. Offers 7 account types with varying minimum deposits, spreads, and commissions
4. Provides the popular MetaTrader 4, MetaTrader 5, and cTrader platforms
5. Extensive range of tradable instruments including 41 forex pairs, spot metals, cryptocurrencies, CFDs, and over 8000 US stocks
6. Leverage up to 1:3000 on some accounts
7. Multilingual 24/5 customer support via live chat, phone, and email
8. Educational resources include articles, webinars, courses, and an international trading academy
9. Negative balance protection and segregated client funds for added security
10. Global presence with offices in Europe, Asia, and the Middle East

 

FIBO Group Licenses and Regulatory

FIBO Group operates under a mixed regulatory structure, providing services through two main entities:

1. FIBO Group, Ltd. - A Financial Services firm registered and regulated by the Financial Services Commission (FSC) in the British Virgin Islands. As an offshore jurisdiction, the BVI has comparatively less stringent regulatory standards.
2. FIBO Markets Ltd. - A Cyprus-based company licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC). This entity caters exclusively to European clients and adheres to the strict regulatory framework set by CySEC.

The dual regulatory setup allows FIBO Group to serve a global client base while ensuring a higher level of protection for European traders under CySEC's oversight. CySEC is known for its rigorous regulations, including segregation of client funds, negative balance protection, and participation in investor compensation schemes.

FIBO Group's long-standing market presence and commitment to regulatory compliance contribute to its overall trustworthiness. The broker has successfully navigated the evolving regulatory landscape over the years, adapting its operations to meet the requirements of different jurisdictions.

Trading Instruments

FIBO Group offers a comprehensive range of tradable assets, allowing clients to diversify their portfolios and take advantage of opportunities across multiple markets.

The broker's extensive product offering includes:

Asset Class	Details
Forex	41 currency pairs (majors, minors, exotics)
Spot Metals	Gold, Silver
Cryptocurrencies	Bitcoin, Ethereum, Litecoin, Ripple, Bitcoin Cash, Monero, Zcash, Dash
CFDs	Indices and Commodities
Stocks	Over 8,000 US stocks available for trading

The wide selection of instruments caters to the needs and preferences of various types of traders, from beginners to experienced professionals. FIBO Group's focus on providing a diverse range of assets allows clients to implement different trading strategies and capitalise on market movements.

One notable aspect of FIBO Group's offering is the ability to trade more than 8000 individual US stocks, a feature that sets the broker apart from many of its competitors. This extensive stock trading capability gives traders the flexibility to invest in specific companies and sectors, in addition to the more traditional forex and CFD products.

Trading Platforms

FIBO Group provides clients with access to industry-leading trading platforms, ensuring a seamless and efficient trading experience. The broker offers the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as the advanced cTrader platform. These platforms are accessible via desktop, web, and mobile devices, allowing traders to stay connected to the markets at all times.

MetaTrader 4 (MT4)

• User-friendly interface with customizable charts and tools
• Wide range of technical indicators and drawing tools
• Supports automated trading through Expert Advisors (EAs)
• Available on desktop, web, and mobile devices

MetaTrader 5 (MT5)

• Advanced version of MT4 with additional features and tools
• Offers more timeframes, technical indicators, and graphical objects
• Supports hedging, netting, and more complex order types
• Available on desktop, web, and mobile devices

cTrader

• Intuitive and customizable interface with advanced charting
• Supports cBots for automated trading and cAlgo for custom indicators
• Direct market access (DMA) for raw spreads and faster execution
• Available on desktop, web, and mobile devices

In addition to these platforms, FIBO Group also offers its proprietary mobile app, FIBO Forex Drive, which provides trading, account management, and market analysis features on the go.

By offering multiple platform options, FIBO Group caters to the diverse needs and preferences of its client base. Whether traders prioritise ease of use, advanced features, or automated trading capabilities, they can choose the platform that best suits their trading style and requirements.

Trading Platforms Comparison Table

Platform	MT4	MT5	cTrader
User Interface	User-friendly, customizable	Advanced, customizable	Intuitive, customizable
Charting	30 built-in indicators, 24 graphical objects	38 built-in indicators, 44 graphical objects	Advanced charting with 70+ indicators
Timeframes	9 timeframes (M1, M5, M15, M30, H1, H4, D1, W1, MN)	21 timeframes (M1, M2, M3, M4, M5, M6, M10, M12, M15, M20, M30, H1, H2, H3, H4, H6, H8, H12, D1, W1, MN)	14 timeframes (M1, M2, M3, M4, M5, M10, M15, M30, H1, H4, D1, W1, MN, Custom)
Order Types	Market, Pending (Buy Limit, Buy Stop, Sell Limit, Sell Stop)	Market, Pending (Buy Limit, Buy Stop, Sell Limit, Sell Stop, Buy Stop Limit, Sell Stop Limit)	Market, Limit, Stop, Trailing Stop, OCO
Automated Trading	Yes (Expert Advisors)	Yes (Expert Advisors)	Yes (cBots)
Algorithmic Trading	No	No	Yes (cAlgo)
Web Platform	Yes	Yes	Yes
Mobile Apps	iOS, Android	iOS, Android	iOS, Android

FIBO Group How to Open an Account: A Step-by-Step Guide

Opening an account with FIBO Group is a straightforward process that can be completed online in a few simple steps. This guide will walk you through the requirements and procedures for creating a trading account with FIBO Group.

Step 1: Visit the FIBO Group Website To begin the account opening process, visit the official FIBO Group website at https://fibogroup.com/. Click on the "Open Account" button located in the top right corner of the homepage.

Step 2: Choose an Account Type FIBO Group offers several account types to suit the needs of different traders. Select the account type that best fits your trading style, experience level, and investment goals. The available account types include MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread, and MT5 NDD.

Step 3: Complete the Registration Form Fill out the registration form with your personal information, including your full name, email address, phone number, country of residence, and date of birth. Ensure that all information provided is accurate and up-to-date.

Step 4: Verify Your Email Address After submitting the registration form, you will receive an email from FIBO Group containing a verification link. Click on the link to verify your email address and proceed with the account opening process.

Step 5: Provide Additional Information Once your email address is verified, log in to your newly created Client Area. Here, you will be asked to provide additional information, such as your residential address, employment status, and trading experience. This information is required to comply with anti-money laundering (AML) and know-your-customer (KYC) regulations.

Step 6: Upload Identification Documents To complete the account verification process, you will need to upload a valid government-issued identification document, such as a passport or national ID card, and a proof of address, such as a utility bill or bank statement. Ensure that the documents are clear, legible, and not older than three months.

Step 7: Choose Your Trading Platform Select your preferred trading platform from the available options, which include MetaTrader 4, MetaTrader 5, and cTrader. You can also choose to trade on the web-based platform or mobile apps for iOS and Android devices.

Step 8: Fund Your Account To start trading, you will need to fund your account. FIBO Group offers several convenient deposit methods, including bank wire transfers, credit/debit cards, e-wallets (such as Skrill, Neteller, and WebMoney), and cryptocurrencies. Select your preferred deposit method and follow the instructions provided to complete the transaction.

Charts and Analysis

FIBO Group provides a comprehensive suite of educational trading resources and tools designed to support clients in enhancing their trading knowledge and skills. These resources cater to traders of all levels, from beginners seeking to grasp the basics of trading to experienced professionals looking to refine their strategies and stay informed about market developments.

Section	Description	Key Features
Market Analysis	Offers insights into current market conditions and trading opportunities.	Daily reviews, expert opinions, technical analysis by professionals.
Economic Calendar	Tracks upcoming economic events that may impact the market.	Central bank meetings, GDP, inflation; filter by date, currency, importance.
Forecasts	Provides expert outlooks on future market trends.	Covers forex, commodities, indices, crypto; based on historical data and economic analysis.
Webinars and Seminars	Educational sessions on trading, suitable for all levels.	Live and recorded sessions; covers technical analysis, trading psychology, and strategies.
Downloadable Materials	Offers downloadable resources to support self-paced learning.	E-books, guides, course materials; beginner to advanced topics.
Video Tutorials and Courses	Visual learning resources for platform use and trading concepts.	Step-by-step explanations; topics include indicators, systems, and charting tools.
Trading Academy	Structured platform offering in-depth courses and practical training.	Courses for all levels; includes interactive content and exercises; covers both fundamentals and strategies.

FIBO Group Account Types

FIBO Group offers a variety of account types to cater to the diverse needs of traders, from beginners to professionals. The broker provides seven main account types, each with its unique features, trading conditions, and benefits. Here's an overview of the available account types:

MT4 Cent Account

• Minimum deposit: $0
• Floating spreads from 0.6 pips
• Maximum leverage: 1:3000

MT4 Fixed Account

• Minimum deposit: $50
• Fixed spreads from 2 pips
• Maximum leverage: 1:200

MT4 NDD Account

• Minimum deposit: $50
• Floating spreads from 0 pips
• Commission: 0.003% per transaction
• Maximum leverage: 1:400

MT4 NDD No Commission Account

• Minimum deposit: $50
• Floating spreads from 0.8 pips
• No commissions
• Maximum leverage: 1:400

cTrader NDD Account

• Minimum deposit: $50
• Floating spreads from 0 pips
• Commission: 0.003% per transaction
• Maximum leverage: 1:400

cTrader Zero Spread Account

• Minimum deposit: $50
• Zero spreads
• Commission: 0.012% per transaction, minimum $1
• Maximum leverage: 1:1000

MT5 NDD Account

• Minimum deposit: $50
• Floating spreads from 0 pips
• Commission: 0.003% per transaction
• Maximum leverage: 1:400

FIBO Group also offers demo accounts, which allow traders to practise trading strategies and familiarise themselves with the platforms without risking real money.

The variety of account types accommodates traders with different levels of experience, trading styles, and investment capital. From cent accounts with minimal minimum deposits to NDD accounts with competitive spreads and commissions, FIBO Group provides options that suit both cost-conscious traders and those seeking more advanced trading conditions.

Account Types Comparison Table

Account Type	MT4 Cent	MT4 Fixed	MT4 NDD	MT4 NDD No Commission	cTrader NDD	cTrader Zero Spread	MT5 NDD
Min. Deposit	$0	$50	$50	$50	$50	$50	$50
Spread	From 0.6 pips	From 2 pips	From 0 pips	From 0.8 pips	From 0 pips	0 pips	From 0 pips
Commission	No	No	0.003%	No	0.003%	0.012% (min. $1)	0.003%
Leverage	Up to 1:3000	Up to 1:200	Up to 1:400	Up to 1:400	Up to 1:400	Up to 1:1000	Up to 1:400
Platform	MT4	MT4	MT4	MT4	cTrader	cTrader	MT5
Execution	Market	Market	NDD	NDD	NDD	NDD	NDD
Instruments	FX, Metals	FX, Metals, CFDs	FX, Metals, CFDs	FX, Metals	FX, Metals, CFDs	FX, Metals, CFDs	FX, Metals, CFDs, Stocks
Swap-Free	No	Yes	Yes	Yes	No	No	Yes

Negative Balance Protection

FIBO Group offers negative balance protection to its clients, safeguarding them from the risk of losing more than their account balance. This feature is particularly important during times of market instability or unexpected events that can cause significant price fluctuations. Here's how negative balance protection works at FIBO Group:

1. If a trader's account balance reaches zero due to trading losses or market volatility, the broker will automatically close all open positions to prevent the balance from turning negative.
2. In the event that the account balance does turn negative due to extreme market conditions or technical issues, FIBO Group will absorb the negative balance and reset the account to zero.
3. Traders are not required to pay back any negative balances, as the broker takes responsibility for covering these losses.

FIBO Group Deposits and Withdrawals

FIBO Group offers a range of convenient deposit and withdrawal methods to facilitate smooth funds transfers for its clients. The broker supports various payment options, including bank wire transfers, credit/debit cards, and e-wallets, ensuring that traders can choose the method that best suits their needs.

Deposit Methods

Support Service for Customer

FIBO Group places a strong emphasis on delivering exceptional customer support to its clients. The broker understands the importance of prompt and reliable assistance in the fast-paced world of online trading, and has invested in a comprehensive support infrastructure to ensure that traders receive the help they need, when they need it. FIBO Group's customer support team is available 24/5 through multiple channels, including:

• Live Chat
• Email (support@fibogroup.com)
• Phone (International: +44 (845) 09-50-118, Kazakhstan: +7 (727) 344-83-04)
• Social Media (Facebook, Twitter, LinkedIn, Instagram, Telegram, YouTube)

The support team is multilingual, offering assistance in English, Russian, Spanish, Italian, German, Polish, Arabic, and other languages to cater to the broker's global client base. This ensures that traders can communicate effectively with the support staff and receive help in their preferred language. In addition to the direct support channels, FIBO Group also provides a comprehensive FAQ section on its website, addressing common queries related to account management, trading platforms, deposits and withdrawals, and more. This self-help resource allows traders to quickly find answers to their questions without needing to contact support. FIBO Group's commitment to providing excellent customer support is evidenced by the positive feedback from clients, who consistently praise the broker's responsive and knowledgeable support team. The availability of multiple contact methods and the extended support hours demonstrate FIBO Group's dedication to ensuring a smooth and satisfactory trading experience for its clients.

Customer Support Comparison Table

Aspect	FIBO Group
Support Channels	Live Chat, Email, Phone, Social Media, FAQ
Support Hours	24/5
Multilingual Support	Yes (English, Russian, Spanish, Italian, German, Polish, Arabic, and more)
Live Chat Response Time	Prompt (usually within minutes)
Email Response Time	Within 24 hours
Phone Support	Available (International and Kazakhstan numbers)
Social Media Presence	Active (Facebook, Twitter, LinkedIn, Instagram, Telegram, YouTube)
FAQ Section	Comprehensive and well-organized

Prohibited Countries

FIBO Group adheres to strict regulatory requirements and legal obligations, which means that the broker cannot offer its services to residents of certain countries. These restrictions are in place to ensure compliance with international laws and to protect both the broker and its clients from potential legal issues.

The countries and regions where FIBO Group does not provide services include:

• United States
• Canada
• Japan
• Australia
• Belgium
• Israel
• Palestine
• Sudan
• North Korea
• Iran
• Syria
• Afghanistan

Special Offers for Customers

FIBO Group occasionally provides special promotions and offers to its clients, aimed at enhancing their trading experience and providing additional value. These offers may include sign-up bonuses, loyalty programs, trading competitions, and more.

Some examples of special offers that FIBO Group has provided in the past include:

1. Welcome Bonus: New clients who open a live trading account and make a minimum deposit may be eligible for a welcome bonus, which can be used to increase their trading capital.
2. Cashback Program: FIBO Group's cashback program rewards clients for their trading activity. Traders can earn a percentage of their trading volume back as cashback, which can be withdrawn or used for further trading.
3. Trading Competitions: The broker periodically organises trading competitions, where participants can compete for prizes based on their trading performance. These competitions often feature attractive prize pools and provide an exciting way for traders to showcase their skills.
4. Referral Program: FIBO Group's referral program allows clients to earn rewards by introducing new traders to the broker. When a referred client opens a live account and starts trading, the referring client can receive a commission or bonus.

It's important to note that the availability and terms of these special offers may vary over time and are subject to specific conditions. Traders should carefully review the details of each promotion, including any applicable requirements, limitations, or expiration dates, before participating.

Conclusion

Throughout this comprehensive review, I have thoroughly examined FIBO Group's offerings, services, and reputation as an online broker. After analysing various aspects of their operations, including regulatory compliance, trading platforms, account types, and customer support, I can confidently conclude that FIBO Group is a reliable and trustworthy broker.

One of the standout features of FIBO Group is its long-standing presence in the industry, having been established in 1998. The broker's ability to adapt and thrive in the ever-changing landscape of online trading is a testament to its resilience and commitment to providing quality services to its clients.

FIBO Group's regulatory licenses from the Financial Services Commission (FSC) in the British Virgin Islands and the Cyprus Securities and Exchange Commission (CySEC) demonstrate the broker's adherence to strict regulatory standards. The additional oversight provided by CySEC for European clients further enhances the broker's credibility and ensures a higher level of protection for traders.

The wide range of account types offered by FIBO Group caters to the diverse needs of traders, from beginners to experienced professionals. The broker's competitive spreads, flexible leverage options, and choice of trading platforms (MT4, MT5, and cTrader) provide clients with the tools and conditions necessary to implement their preferred trading strategies effectively.

FIBO Group's extensive range of tradable assets, including over 40 forex pairs, spot metals, cryptocurrencies, CFDs, and more than 8,000 US stocks, sets it apart from many competitors. This diverse offering allows traders to access multiple markets and take advantage of numerous investment opportunities.

The broker's commitment to providing exceptional customer support is evident through its 24/5 availability, multiple contact channels, and multilingual assistance. FIBO Group's efforts to ensure prompt and reliable support contribute to a positive trading experience for its clients.

Furthermore, FIBO Group's negative balance protection, transparent fee structure, and convenient deposit and withdrawal methods demonstrate the broker's client-centric approach and commitment to fair and secure trading practices.

While FIBO Group's offshore regulation in the British Virgin Islands may be a concern for some traders, the broker's long-standing reputation, CySEC license, and proven track record in the industry help mitigate potential risks.

In conclusion, FIBO Group presents itself as a reliable and well-rounded broker that offers a comprehensive range of services and features to support traders in their journey. The broker's extensive experience, regulatory compliance, diverse trading instruments, and dedication to customer satisfaction make it a solid choice for both novice and experienced traders alike.