FIBO Group: The Most Transparent Trading Conditions

Discovering the best Forex brokers for your needs is not that easy. However, with the help of the many reviews available, recommendation and research it becomes a much easier to decide.

FIBO Group is the name, a brokerage company which has been in operation for almost two decades.

FIBO Group has been established in the Forex industry since 1998. There are two main centers of operation, both of which are licensed and regulated. In Europe, FIBO Group Holdings Ltd is a forex broker company with offices in Limassol Cyprus, and comes under the regulation of CySEC. 

FIBO Group Trading Accounts

FIBO Group offer clients a good selection of trading accounts. Whatever type or strategy you approve, there will be an account that is appropriate for you.

·         MT4 NDD account - Minimum deposit $300

·         cTrader NDD account- Advanced trading platform

·         MT4 NDD No Commission Account - No CFD trading

·         MT5 NDD account - Minimum deposit $500

There is a demo account option together with Islamic accounts. FIBO Group bonuses are not available right now.

However,  fibogroup.com  is currently running a free Forex contest “Trader’s Triple Chase” with the opportunity to win $25,000. But in order to join this contest,  you will need to open a FIBO Group MT4 NDD demo account.

FIBO Group Trading Platforms

·         MT4 and MT5  - MetaQuotes trading platforms are available for real live online trading and FIBO Group demo accounts.

·         cTrader platform -  For trading Forex using NDD technology. Orders take, on average, less than one millisecond, allowing you to make transactions with minimum slippage.

·         Myfxbook Autotrade - For those who choose automated trading. This simple and reliable automated trading platform lets you copy trades of successful traders to your very own account.

FIBO Group Trading Tools

The mission of Fibo Group is to offer transparent online trading services in Forex and CFD (Contracts for Difference) markets. They have more than 42 currency pairs, and more than 20 CFDs are available for trading, leverage of up to 200:1, with low spreads from 0 pips for the main currency pairs and cross rates.

Fast and Flexible Deposit and Withdrawal

A wide choice of payment methods is available. Payment methods include bank transfers, electronic payments via webmoney systems and the usual credit cards. You can open an account in EUR, USD, EUR, GBP, and CHF.

FIBO Group Customer Support

FIBO Group have 24 hour customer support via  live chat option, via Fax, telephone or email.

The only thing that is not convenient, especially for the newbies is their shortage of educational material

It is very important for brokers to take accountability for educating their clients, instead of just assisting orders.

This Forex Broker Company have enjoyed a good reputation for so many  years and the point that you can open different demo accounts means you can try everything before taking a risk.

So much for this today, there are still few Best Forex Brokers  like MXTrade Netotrade and xtrade, FBS ,  Trade12 and a few more that I am considering, but that will be in my next post. Feel free to share your choice of Best Forex Brokers in the comment below.