Fibo Group

Regulatory Overview: Founded in 1998, FIBO Group operates primarily via its British Virgin Islands entity and is regulated by the following authority:

• The British Virgin Islands Financial Services Commission (BVI FSC) – FIBO Group, Ltd. (Licence No. SIBA/L/13/1063)

Note: FIBO Group’s former Cyprus authorisation (CySEC Licence No. 118/10, FIBO Markets Ltd / ex FIBO Group Holdings Ltd.) was voluntarily surrendered and revoked in 2025; it is no longer active.

Client Protection Measures: FIBO Group implements several measures to enhance client security:

• Segregation of Funds: Retail client money is held in segregated client bank accounts under applicable client-asset rules.
• Transparent Operations: The group states adherence to AML/KYC requirements and publishes regulatory and legal disclosures on its website.

The account-opening and verification process at FIBO Group is seamless, fully digital and accounts are ready for trading immediately. 

Eligible traders can open an account at FIBO Group, as long as they meet the following minimum deposit requirements:

• MT4 NDD Account: 300 USD
• MT4 NDD No Commission: 100 USD

FIBO Group offers corporate and professional accounts.  For the purposes of this review, we will outline the process for opening a professional account:

1. From the FIBO Group homepage, you will have to click on the ‘Live Account’ tab where you will be directed to register an account with a name, email address, and telephone number.  
2. A confirmation pin will be sent to your email address to confirm its validity.  A confirmation pin will also be sent to the registered telephone number.
3. FIBO Group’s registration form requires traders to fill in their personal details, including physical address, date of birth, and ID number. 
4. Next, traders are required to fill in their financial details, employment status, and trading knowledge.  
5. Traders will then have to choose their preferred account type, level of leverage, and account currency.  
6. Traders can then deposit funds into their accounts and begin trading.  
7. In order to use the full range of services available at FIBO Group and to be able to withdraw funds, FIBO Group requires the following documents:
   1. Proof of Identification – FIBO Group accepts all government-issued identification documents such as Passport, national ID card, driving license, or other government-issued ID. 
   2. Proof of Address – Proof of residence/address document must be issued in the name of the account holder within the last 6 months and must contain a trader’s full name, current residential address, issue date, and issuing authority. 

Overall, FIBO Group’s account-opening process is fully digital and hassle-free and accounts are ready for trading immediately.

The trading costs on FIBO Group’s accounts are around the average seen at other brokers. Most good brokers have an average trading cost of around 9 USD per lot traded.  

Swap Fees

The final trading cost to consider at FIBO Group is the swap rate charged on positions held overnight.   Interest is paid (or received) for each night a position is held.  In the case of Forex instruments, the amount charged depends on both the positions taken (i.e. long or short) and the rate differentials between the two currencies traded.  FIBO Group’s swap rates are published on its website for each financial instrument, and the exchange is automatically converted to the base currency of the trading account of the client.  

MT4 NDD: The MT4 NDD account requires a minimum deposit of 50 USD, maximum leverage of 1:400, and has an average spread on the EUR/USD of 0.3 pips. This account also has a commission of 3 USD/lot per side (6 USD round turn).  Overall, these trading costs are around the average charged at other brokers.  

MT4 NDD No Commission: This account has all the same parameters as the MT4 NDD Account except the trading cost is captured in the spread and no commission is charged. As such, the average spread on the EUR/USD is higher, at 0.8 pips, which is slightly lower than the trading costs at other similar brokers.  

FIBOGroup’s trading platform is available on both Android and iOS mobile devices and tablets. As with the web trading platform, traders can choose from multiple languages. Although there is slightly limited functionality compared to the desktop version of the platform, with reduced timeframes and fewer charting options, traders will still have access to analytics with technical indicators, graphical objects, and a full set of trading orders.  

MetaTrader Mobile Trading

The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts. Functionality to close and modify existing orders, calculate profit/loss in real-time, and tick chart trading further assists traders while on the move. 

MetaTrader 4 

MT4 is widely recognised for its trade execution speeds, charting tools, and customisability and it is available in many languages. The benefit of using a third-party platform such as MT4 is that traders can use the platform should they choose to migrate to another broker.  Traders can also trade on a variety of CFDs, including Forex, metals, cryptocurrencies, indices, and cryptocurrencies. Other features of MT4 include:

• Four types of order execution, including Market, Limit, Stop, and Trailing Stop orders.
• Superior charting tools in nine timeframes
• 30 technical indicators
• 23 analytical objects
• Algorithmic trading, which allows any trading strategy to be formalised and implemented as an Expert Advisor. 
• Backtesting capabilities
• Dedicated customer support

As a regulated broker, FIBO Group ensures that all Anti-Money Laundering rules and regulations are followed.

FIBO Group allows deposits and withdrawals in EUR, USD, GBP, CHF, and a range of cryptocurrencies via a wide variety of payment methods. While FIBO Group states that it does not charge for deposits or withdrawals, most deposit and withdrawals methods do have a commission or fee.

FIBO Group also accepts payment in a range of cryptocurrencies, including BTC, ETH, BCH, XRP, and RFC. Accepted payment providers are Raido Finance, bitpay, BLOCKCHAIN, and Raido Spare. Deposits are generally free and instant, but withdrawals are charged a 0.5% commission and can take up to two days.

FIBO Group offers none of the technical or fundamental analytics tools available at other brokers. However, it offers PAMM accounts, and automated trading solutions.

PAMM

FIBO Group offers an account management service to its clients which allows account managers to trade on their behalf.  In order to perform this service, bespoke technology or software is required, also known as MAM/PAMM. 

PAMM stands for Percentage Allocation Module Manager which means investors can be part of a set of sub-accounts that are traded together by a money manager or trader who has permission from clients to trade on their accounts.  Account Managers take a portion of the profits generated by the trades.  

Managed accounts are great for beginner traders who have limited experience with trading.

Signals Rating

FIBO Group offers a small collection of trading signals provided by managers of MetaTrader terminal. In addition, it provides reviews of the signals’ strategy which are attached to the accounts that appear in the rating. Also, for each signal published, useful recommendations regarding the terminal settings to connect to the selected signal are available.  Traders can follow the various signal providers that are ranked according to a number of metrics, including their overall performance, stability, maturity, exposure, and minimum equity required.

Traders have to pay a fee for following a particular signal provider in addition to a subscription fee for using the service.

Market analysis at FIBO Group consists of a weekly video forecast looking forward to the week ahead.  It also offers various articles written by its in-house team of analysts, but these are not updated often.  Beginners who require deeper market analysis should use other third-party market research to supplement this information.

The most useful parts of this page are the links out to FIBO Group’s YouTube channel where traders will find a selection of helpful videos in a structured course format.

Playlists included are FOREX – IT’S EASY and ONLINE FOREX ACADEMY, which are both good video primers for new traders. More advanced educational playlists include Forex Trading Using Technical Indicators and MT4 Lessons. The information presented in all videos is accurate and detailed. 

Customer support is available via telephone, a call-back service, and email 24/5 in 12 languages.  Most other brokers offer a live chat feature so that traders can have their questions answered quickly and easily.

We tried the call-back service, but did not received a call back.  Overall, this is disappointing for beginner traders finding their footing in the forex trading space.