FiboGroup Overall rating

We tested FiboGroup using real-money live accounts. Our reviews are unique in that they do not have any bias for or against any broker and are driven purely on the underlying data we compile from live account testing, regulatory data, and opinions from customers. We list all brokers and do not charge a fee for it. We offer additional visibility for a fee, but our review content cannot be influenced. Read our About Us page to read our editorial guidelines and how we make money.

Trustworthiness & Regulation

FiboGroup, established in 1998, is regulated by the BVI FSC. Despite having no user reviews or verified real trading account reviews, it has a moderate popularity rating of 3.4 out of 5.

It is ranked 201 out of 815 forex brokers based on user ratings and 206 out of 815 based on expert ratings. FiboGroup receives 56,352 organic monthly visits according to similarweb.com, ranking 173 out of 815 forex brokers for organic traffic.

It is privately owned, not licensed as a bank, not publicly traded, and does not provide its financials publicly. Keep in mind that even highly regulated and successful financial firms have failed in the past.

Company	Licenses & Regulations	Segregated Client Money	Deposit Compensation Scheme	Negative Balance Protection	Rebates	Max. Leverage Retail Clients
FIBO Group, Ltd	Virgin Islands, British - BVI FSC					3000 : 1

Deposit Insurance

FiboGroup does not offer a deposit compensation scheme. This means that in the event of the broker's financial failure, investors would not be compensated.

Deposit insurance is crucial as it compensates investors if an authorized financial firm fails, providing an additional layer of security for client funds.

Spreads and Costs

We have limited information regarding FiboGroup's spreads and costs. However, when compared to some market-leading brokers its average spread on commodities is 0.20, which is in line with other leading brokers.

Combined Spread/Commission Costs by Asset Class Compared to Market Leading Brokers

Crypto averages comprise (BTCUSD, ETHUSD), forex averages comprise (EURUSD, USDJPY, GBPJPY, EURGBP, AUDNZD, CADCHF), indices averages comprise (US30, AUS200), and commodities average comprises (XAUUSD, XAGUSD) and that data is sampled every 10 seconds for 24 hours to calculate the average. Forex is stated in pips, and the others are stated in base currency. All spreads including both spread and commission calculated in.

Our data comes from our sophisticated spread analyzer tool, which collects live account information and syncs with our performance analytics system. To compare all brokers and instruments with the latest live data, visit our spread analyzer tool. A spread is the difference between the bid (sell) and ask (buy) price of an asset and can vary widely between brokers and account types.

Some brokers charge higher spreads but no commission, while others charge both, making it crucial to assess the total cost, which includes both spread and commission. Our values reflect this all-in cost. Note that some brokers may set low costs on popular pairs like EURUSD but higher rates on other instruments.

Many brokers also advertise "as low as" spreads that may not reflect the true average or include commissions. Comparing true all-in cost averages across various instruments and asset classes is vital for accurate assessment.

Combined Spread/Commission Costs Per Instrument Compared to Market Leading Brokers

Comparison to other Brokers

Compared to other brokers, FiboGroup has a long-standing presence in the market since 1998. While it offers a high maximum leverage of 3000:1 and a variety of trading platforms, it falls short in user reviews and regulatory oversight compared to some leading brokers like IC Markets and Pepperstone.

Its spreads and costs are competitive, particularly in the commodities class, but lack detailed swap rate information. Overall, FiboGroup is a reliable broker with a decent popularity rating but could improve in transparency and user engagement.

Trading Platforms - Mobile, Desktop, Automated

FiboGroup offers a range of trading platforms suitable for different types of traders. MetaTrader 4 and MetaTrader 5 are known for their robustness, extensive charting tools, and support for automated trading through MQL4 and MQL5, respectively.

cTrader, although slightly more challenging to learn due to its use of C#, offers advanced charting and trading capabilities. The copy trading platform is ideal for beginners, allowing them to replicate the trades of experienced traders.

What Can you Trade?

FiboGroup offers a variety of asset classes for trading, including over 40 forex CFDs, 9 crypto CFDs, and more than 30 stock CFDs. Additionally, it offers commodities and futures CFDs.

All these instruments are traded as CFDs, meaning you do not own the underlying asset but can benefit from price movements. Trading CFDs allows for leverage, which can amplify both gains and losses.

For more information on available instruments, visit FiboGroup's website.

Available Leverage

FiboGroup offers a maximum leverage of 3000:1 for retail clients. This high leverage is available across various instruments, including forex and commodities.

It is important to note that leverage can significantly increase both potential gains and potential losses. Therefore, traders should use leverage cautiously and ensure they have adequate risk management strategies in place.

Prohibited Countries

FiboGroup cannot open client accounts for residents of certain countries due to regulatory restrictions. These countries typically include the United States, Canada, United Kingdom, and countries sanctioned by the European Union or the United Nations.

For more information regarding prohibited countries, it is best to consult with FiboGroup's customer support, available via live chat, email and phone call.

FiboGroup Account types

	MT4 Cent	MT4 Fixed	MT4 NDD (no comm.)	MT4 NDD	MT5 NDD	cTrader NDD	cTrader Zero Spread
Commission	$0			0.003% from the amount of a transaction	0,003% from the amount of a transaction	0.003% from the amount of a transaction	0.012% from the amount of a transaction Min $1
Maximum leverage	3000:1	200:1	400:1				1000:1
Mobile Platform	MT4 Mobile				MT5 Mobile	cTrader Mobile
Trading platform	MT4				MT5	cTrader
Spread Type	Variable Spread	Fixed Spread	Variable Spread
Minimum Deposit	0	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4 Cent
Commission	$0
Maximum leverage	3000:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	0
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4 Fixed
Commission	$0
Maximum leverage	200:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Fixed Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4 NDD (no comm.)
Commission	$0
Maximum leverage	400:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT4 NDD
Commission	0.003% from the amount of a transaction
Maximum leverage	400:1
Trading platform	MT4
Mobile platform	MT4 Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	MT5 NDD
Commission	0,003% from the amount of a transaction
Maximum leverage	400:1
Trading platform	MT5
Mobile platform	MT5 Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	cTrader NDD
Commission	0.003% from the amount of a transaction
Maximum leverage	400:1
Trading platform	cTrader
Mobile platform	cTrader Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

	cTrader Zero Spread
Commission	0.012% from the amount of a transaction Min $1
Maximum leverage	1000:1
Trading platform	cTrader
Mobile platform	cTrader Mobile
Spread type	Variable Spread
Minimum deposit	50
Minimum Trade Size	0.01
Trailing Stops
Scalping Allowed
Hedging Allowed
Islamic Accounts

FiboGroup Web traffic

Our web traffic data is sourced from SimilarWeb and sums the traffic data of all websites associated with a broker. Organic visits are visits the broker didn't pay for, based on the available data. This data updates once monthly and can be based on data purchased from internet service providers, traffic metrics sourced by a third party such as Google Analytics that the company chooses to share with SimilarWeb, etc.

FiboGroup Profile

Segregated Accounts

Islamic Accounts

Cent accounts

Negative balance protection

Social trading

Trailing stops

Fixed spread

Variable spread