FIBO Group experiences

For several years, trading in CFD products has developed into a serious alternative, which numerous private traders also use. The background is probably the increasing spread of fast internet, which in principle enables every player to benefit from the price movements of all stock exchanges around the world in real time. The selection of service providers that enable traders to trade these products is now very large and new providers are added regularly. One of these providers is the online broker FIBO Group based in Cyprus. This has specialized in offering its customers a wide selection of appropriate instruments for trading. In addition to a decent selection of currency pairs and some commodities, the most important unique selling point of this broker is the range of stocks. A whopping 8,000 different titles are available for trading in this area.

🥇 Best Seller
Rating 5.0 / 5.0
🐂 Trading Forex & CFD, Gold
📈 Underlyings 42 currency pairs , 2 commodities, 8,000 stocks, indices and ETFs
💻 Software MetaTrader 4 and 5, cTrader
⚖️Regulation:| ||75

But it is not the case that the sheer mass of available underlyings alone decides on the quality of an online broker. In our experience, a number of other important factors are also important so that a customer who decides on a certain online broker does not regret this step even after a few years. In our test, we therefore took a look at the online broker FIBO Group to see how well the announced offer was actually implemented. And we also looked into the question of whether it is a trustworthy and reputable provider. Specifically, we wanted to ensure that neither fraud nor rip-off play a role in retail.

Our experience at a glance

Before we devote a little more detail to the individual aspects of the FIBO Group offer, we would like to In this first section we will present our experiences that we have gained during our test. Overall, this online broker left us with a very positive impression. This is only partly due to the well-structured and extremely extensive range of stock CFDs. Because customers can also count on a good selection, competent support and many additional functions. There is a good selection in the area of ​​the available trading platforms.

In addition to the two versions four and five of the MetaTrader, two other interesting versions can also be used with the cTrader and the Myfxbook Autotrader. The cTrader is a special offer for experienced traders who use special strategies such as scalping in daily trading or who require special analytical support. Myfxbook also offers additional perspectives in the field of automated trading. But FIBO Group is not only very well suited for traders with professional standards. With the MetaTrader, a very common software can be used, which is easy to get started with due to the intuitive design.

Company FIBO Group Holdings Limited
Address| ||101 Agias Fylaxeos, 182, Kofteros Business Center, office 103, 3083 Limassol, Cyprus
Telephone tel: +357 25 105 641
Live Chat Yes
Callback No

Nevertheless, our experience has shown that FIBO Group more focused on traders with experience. We have not found any entry-level courses that explain how CFDs work and how to trade them. That doesn't mean, however, that there aren't any offers of support. Especially in the area of ​​information about market events, support is offered with various features, such as an economic calendar. And various videos that are available on a YouTube channel deal with the offer and the retail opportunities based on it. A word about the language in which the offer is available. In principle, a Canadian version of the website can be set up and a lot of content is also available in Canadian. However, some areas have not yet been translated, so knowledge of English would be an advantage. The online broker FIBO Group also has various international branches, including one in Munich. In principle, it is also possible to fall back on Canadian-language support if there are problems or questions about the FIBO Group offer.

FIBO Group checked: Fraud or serious?

We keep asking traders tochoose the right forex broker not only to pay attention to the characteristics such as commercial offer, conditions and support options, but also to consider the seriousness of a provider. Our experience has also shown that dubious representatives often do not survive long on the market, as word of unfair behavior towards customers quickly spreads. Once individual providers have acquired a bad reputation, it is generally very difficult for them to keep customers or find new ones be assumed that the customers are treated fairly. Nevertheless, it has always paid off to rely on your own impression. Based on our experience, however, this is absolutely positive. During our test, the online broker FIBO Group showed a very serious way of working and gave no reason to suspect that fraud or rip-offs should be expected. In this way, announced conditions are also adhered to, just like financial transactions relating to the trading account are processed reliably.

Prinzipiell kann also schon auf Grund des Eigeninteresses der Online Broker davon ausgegangen werden, das fair mit den Kunden umgegangen wird. Trotzdem hat es sich bisher noch stets ausgezahlt, auch auf dem eigenen Eindruck zu setzen. Dieser ist auf Grund unserer Erfahrung aber absolut positiv. Der Online Broker FIBO Group hat im Rahmen unseres Tests eine sehr seriöse Arbeitsweise an den Tag gelegt und dabei keinen Anlass zu der Vermutung gegeben, das mit Betrug oder Abzocke gerechnet werden muss. So werden angekündigte Konditionen auch eingehalten, genauso wie finanzielle Transaktionen rund um das Handelskonto zuverlässig abgewickelt werden.

Wide range of account types and base values

After we have clarified that FIBO Group is a reputable representative, the concrete offer should now be examined more closely, which is available to traders in retail. And here customers can indeed adjust to a very wide range of different values. The offer also includes the choice between different account models. We would now like to go into both aspects separately.

The website of FIBO Group
Vorschaubild Fibogroup PlattformVorschaubild Kontoarten

Four account models to choose from

When deciding which trading account to use for trading according to our experience at FIBO Group, two criteria are decisive. On the one hand, the trader has to consider whether he wants to trade on the basis of commissions or spreads. The choice of account also determines which software or platform can be used in trading. There are four different variants to choose from. With a view to the amount of trading capital that must be available on the account as a minimum, there are only minor differences. All account types are also no dealing desk models. This means trading is based on real market conditions, with FIBO Group acting only as an intermediary between the market and the trader.

For trading with the MT4 NDD account type, there is initially a minimum deposit of 300 US dollars necessary. Other currencies are not intended for this version. This account trades based on floating market spreads, with spreads as low as 0.0 pips possible. However, a commission on each transaction must be expected, which amounts to 0.003 percent of the trading volume. A maximum leverage of up to 1:400 can be used. However, there is a small caveat when choosing currency pairs. Of the 42 available pairs, only 32 are available for trading here. In addition, the "MT4 NDD No Commission" account type can also be used to trade on a pure spread basis and without commission. Here, too, the MetaTrader 4 is used as the platform, with spreads starting at 0.8 pips. There are also several currencies to choose from for account management, including the euro or the Swiss franc. With a leverage of up to 1:400, 38 currency pairs and many other base values ​​can be accessed.

The third account is the "cTrader NDD". The main feature is of course the appropriate platform. Here, too, trading is carried out on a commission basis, the fees here also amount to 0.003 percent of the trading volume. The maximum leverage that can be used here is only 1:100, with market spreads applying. The fourth and final option is the "MT5 NDD" account, where a minimum deposit of $500 is required to open the account.

Only here can the full range of 42 currency pairs be accessed. The fees are also calculated on the basis of commissions, with a flat rate of 30 US dollars being due up to a trading volume of one million. The available account currencies are US Dollars, Swiss Francs and Euros. The leverage that can be used is 1:100 or 1:33 for precious metals. In principle, it can be summed up that the first two account versions are intended more for beginners, while the last two versions considered were designed primarily for experienced traders with high demands. In any case, it is recommended to first test the functions of the respective platforms with the help of a demo account.

Wide selection of underlyings for trading

Now we would like to look at the actual range of underlyings that can be used in trading. In addition to a total of 42 currency pairs, commodities and energy stocks can also be traded. When it comes to currency pairs, we found a good mix of the internationally dominant majors, i.e. the US dollar, euro, Japanese yen and British pound, as well as a number of other currencies. Gold and silver as well as oil and gas can also be traded via all available accounts, with specific conditions applying in each case. Agricultural products, on the other hand, are not available for trading.

The range of stocks is also extremely extensive. A total of around 8,000 underlying assets can be accessed in trading. This alone makes it clear that trading strategies based on internationally known and large companies are not only possible here, but that less well-known, smaller values ​​can also be used. In the stocks area, there are not only equities, but also a number of indices and ETFs. All in all, this offer allows traders to actually use any strategy imaginable. It can be placed on specific industries but also on individual regions. The available leverage that can be used in trading also depends on the account version used.

No bonus offer for new customers

The boom that private trading has experienced in recent years is probably also responsible for the fact that a number of additional providers have advanced into this segment. Of course, it is positive that as a trader you are faced with a large selection of different providers. Often, however, one cannot help but get the impression that these providers differ only minimally from one another. In order to stand out in the gray mass of the many providers, many online brokers have focused on attracting the attention of customers with different bonus offers.

Every now and then a bonus is also used to draw attention to weaknesses in the offer to divert. Even if these two phenomena do not apply across the board, traders should always keep in mind that a bonus should not only be judged positively. The other way around, it also applies that a missing bonus should not immediately be used as an exclusion criterion when looking for a broker. Because then FIBO Group would also immediately fall out of the grid of possible online brokers, since no corresponding bonus is offered. Especially traders who see their future in the field of stock trading would possibly miss a good opportunity.

Deposit bonus: No
Bonus conditions:| ||194
Further bonuses:

Deposits and withdrawals by credit card, e-wallet or bank transfer

Although initially at FIBO Group a demo account can be opened in which virtual capital is automatically made available for trading. In order to get into real trading, however, it is necessary for a corresponding amount to be transferred to the trading account. Various options are available at FIBO Group. In our experience, the easiest way has proven to be to deposit money into the trading account with a credit card. Both credit and debit cards from Visa, MasterCard, Maestro, SOLO, Switch, Delta, Diners Club and Laser can be used.

The transfer is then processed via the Cypriot payment system Safecharge. Fees are not required. In our experience, this is both a reliable and very fast method. The credit, which was transferred by credit card, is available on the trading account after a very short time. A second variant is to use Internet-based payment systems. The services of WebMoney, OK Pay and Neteller are available.

Overview of deposit and withdrawal methods
Mehrere Zahlungsmethoden können genutzt werden
Payment options: MasterCard, VISA, Maestro, Bank Transfer, Neteller, WebMoney, OK Pay
Minimum Deposit: 300 Euro
Fees: No
Account management possible in: EUR, USD, GBP, CHF, RUB
Payout options: MasterCard, VISA, Maestro, bank transfer, Neteller, WebMoney, OK Pay

In some cases, fees are due here and also for the time between initiating the transaction and entering the account, are there any differences. With WebMoney it takes about an hour, with Neteller the booking on the online account usually takes place on the same working day. The third variant that can be used for deposits is the classic bank transfer. Depending on the bank, the fees can be up to 35 US dollars. This version is also less recommended in terms of duration, as three to five days must be expected before the money can actually be used in retail. The same methods that are available for deposit can also be used for withdrawal of trading funds from the trading account. Corresponding fees and delays are also to be expected here. Credit card withdrawals via Safecharge can take up to 10 days, with a fee of 0.50 US dollars to be expected.


These are not really large amounts of money necessary to open an account with FIBO Group, but the security of the deposits is an important aspect. This is of course all the more true if larger amounts are traded and the balance on the trading account is to be protected against loss. In the case of FIBO Group, traders can rely on an acceptable standard. It is an online broker that is headquartered in Cyprus. Since Cyprus is part of the European Union, the company is subject to corresponding regulations.

CySec is specifically responsible for this. And since a branch is also maintained in Kenya, among other things, the Canadian BaFin is also responsible for controlling the FIBO Group. For traders, this means they can rest assured that minimum standards are being met to protect clients' interests and their funds. For example, online brokers based in the EU are not allowed to manage company funds and customer deposits together. Instead, the customer's credit balances are deposited with reputable banks. This means that the customer's credit balance cannot be attacked even in the event of the broker's insolvency. Furthermore, they are subject to the European deposit insurance.

Good support offer

Traders at FIBO Group can also rely on a comfortable standard with regard to customer service. In addition to an international support number that can be contacted around the clock, there is also a service that is specially designed for Canadian customers. They can contact an employee in the Munich branch directly. In addition, FIBO Group is also present on various social media and can be contacted via its Facebook page. So there are a number of ways to get in touch if you have any questions or if anything is unclear. This also includes a live chat, which is in principle available around the clock.

Many offers can be used via the website

Look at the FIBO Group website we have already complained that the translation of the content into Canadian is not quite complete. The visitor keeps coming across English-language content, which somewhat limits the user-friendliness. Irrespective of this, however, there is a great deal of information and support available. This also includes a regular webinar in which an expert comments on a current trading topic, gives market assessments and also makes specific recommendations. In addition, queries can also be asked.

Mobile App

For every platform that is made available for trading, a mobile version can also be used at FIBO Group. Suitable app versions can be downloaded for the two current systems iOS and Android. In the meantime, the mobile versions can hardly be distinguished from the conventional platforms in terms of their user-friendliness and the tools that can be used. In principle, it is therefore possible to use the wide range of FIBO Group and the numerous support options on the go.

Conclusion – many trading options

With FIBO Group, traders have an online broker at their disposal with which, above all, professional demands can be satisfied. In addition to the MetaTrader 4 platform, cTrader and MetaTrader 5 are also available. This means that numerous different strategies and special analysis techniques can be used. In connection with the very well-balanced range of underlyings in the area of ​​currencies and the very wide range in the area of ​​equities, there are so many opportunities for trading. Another positive factor is that it is a reputable and reliable trader who is regulated according to EU regulations. Fraud or rip-off are therefore not topics that the traders at FIBO Group have to deal with.

Roland Herrmann
Especially in the area of ​​shares, the FIBO Group offers an extremely extensive range for CFDs Trade!
5.0 / 5.0 rated byRoland Herrmann
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