Fibogroup.com provides a diverse range of investment and trading options, featuring over 55 currency pairs, gold, silver, bitcoin, and various other cryptocurrencies. Explore the Fibo Group Review below to gain insights from others and contribute your own live trading experiences with this broker.
Website – https://www.fibogroup.com/
Address – British Virgin Islands
Regulation Status – Regulated in Cyprus
Warning – Not recommended by review websites like Cyber Scam Recovery
Domain Age –
About FIBO Group
Founded in 1998, FIBO Group started as an investment consulting business. Over the years, it has evolved into a leading provider of online trading services, with a strong focus on the foreign exchange market. In 2017, FIBO Group expanded its offerings to include cryptocurrency derivatives, showcasing a forward-looking approach to the evolving needs of traders.
Global Presence and Offices
FIBO Group has established itself as a global entity with a presence in four offices across the world. The strategic placement of offices reflects FIBO Group’s commitment to serving traders on a global scale.
FIBO Group Regulation
The primary and pivotal factor to evaluate when determining the credibility of a broker is its regulatory standing. FIBO Group operates under the regulation of the Financial Services Authority in the BVI. Nonetheless, the British Virgin Islands may not carry the same level of recognition as other renowned financial centers such as the United States, the United Kingdom, or the European Union. This distinction might raise concerns among traders about the regulatory authority’s reputation relative to more established counterparts.
Fibo Group Review: Trading Conditions
FIBO Group requires a minimum initial deposit of $300 for its clients, which is considered reasonable. However, certain other leading brokerages based in Cyprus mandate only $5 from traders to open an account. FIBO Group offers competitive variable spreads, commencing at 0.8 pips on EUR/USD for commission-free MT4 accounts. On MT5 and cTrader accounts, the broker quotes typical spreads of 0.3 and 0.2 pips on EUR/USD, respectively, both accompanied by a commission of $6 per lot round turn.
Notably, FIBO Group provides a high maximum leverage level of 1:400. While higher leverage levels can potentially amplify profits on a small deposit, traders are advised to exercise caution, as they may also lead to losses surpassing their initial investments. It’s crucial to approach trading with higher leverage levels prudently to manage both potential gains and risks effectively.
Fibo Group Reviews: Trading Platform
In order to meet the varied needs of its clientele, FIBO Group provides a range of trading platforms. The platforms are MT4 and MT5, which are well-known for their sophisticated trading capabilities and user-friendly interfaces in the trading community. Furthermore, FIBO Group provides FIBO Trader 4, their in-house trading platform.
Customer Support and User Reviews
FIBO Group provides customer support through live chat, email, and phone channels. User feedback on customer service is diverse, with some expressing satisfaction regarding the prompt and effective assistance they received. However, others have reported experiences that fell short of expectations. Prospective clients are encouraged to personally test the broker’s customer support to assess its quality and responsiveness based on their individual needs and expectations.
Fibo Group Review: Conclusion
FIBO Group stands as a well-established and globally recognized online trading provider with a rich history and a diverse range of services. Prospective clients are encouraged to conduct thorough research, considering factors such as regulatory compliance, FIBO Group reviews, and the array of services offered by FIBO Group before making informed investment decisions.
To report dishonest brokers and other fraudulent actions like the FIBO Group scam, visit the Cyber Scam Recovery page. Stay watchful and informed to safeguard your financial interests in an ever-changing financial world. Our team of professionals will carefully review your case during a free consultations and provide assistance in getting your money back.
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