Fibo Group offer two ways to trade: Forex, Social Trading.
To open a live account, you’ll need a minimum deposit of at least $300. Alternatively, Fibo Group offer a demo account that you can use to practice and familiarise yourself with their platform.
Regulated by the Financial Conduct Authority, UK (FRN: 532885). Fibo Group puts all client funds in a segregated bank account and uses tier-1 banks for this. Fibo Group have been established since 1998, and have a head office in British Virgin Islands.
Before we dive into some of the more detailed aspects of Fibo Group’s spreads, fees, platforms and trading features, you may want to open Fibo Group‘s website in a new tab by clicking the button below in order to see the latest information directly from Fibo Group.
Full disclosure: We may receive a commission if you sign up with a broker using one of our links.
What are Fibo Group's spreads & fees?
The spreads displayed below are based on the minimum spreads listed on Fibo Group’s website. The colour bars show how competitive Fibo Group’s spreads are in comparison to other popular brokers featured on BrokerNotes.
EUR/USD2 PIPS $6 per lot
The average spread for EUR/USD across all brokers on BrokerNotes is 0.82 pips. See popular brokers for trading EUR/USD
USD/JPYNot offered $6 per lot
The average spread for USD/JPY across all brokers on BrokerNotes is 0.91 pips. See popular brokers for trading USD/JPY
GBP/USDNot offered $6 per lot
The average spread for GBP/USD across all brokers on BrokerNotes is 1.18 pips. See popular brokers for trading GBP/USD
The average spread for Bitcoin across all brokers on BrokerNotes is 41.15 pips. See popular brokers for trading Bitcoin
The average spread for gold across all brokers on BrokerNotes is 8.62 pips. See popular brokers for trading gold
The average spread for DAX30 across all brokers on BrokerNotes is 14.95 pips. See popular brokers for trading DAX30
Example: How much would it cost to trade 1 lot of EUR/USD?
If you were to buy one standard lot of EUR/USD (100k units) at an exchange rate of 1.1719 and then sell it the next day at the same price you could expect these fees:
|Typical overnight fee:||$0.00||$5.00||$9.40|
|Total cost of a 100k trade:||$6||$12||$15.4|
|+$6.00 more||+$9.40 more|
|Visit Fibo Group||Visit AvaTrade||Visit Plus500|
All fees/prices are for informational purposes and are subject to change. Last updated: 17/11/2017.
What instruments can you trade with Fibo Group?
|FX / Currencies||Fibo Group||AvaTrade||Plus500|
|# of forex pairs offered||42||59||61|
|Major forex pairs||Yes||Yes||Yes|
|Minor forex pairs||Yes||Yes||Yes|
|Exotic forex pairs||Yes||Yes||Yes|
|Commodity CFDs||Fibo Group||AvaTrade||Plus500|
|# of commodities offered||0||16||17|
|Indiced & Stock CFDs||Fibo Group||AvaTrade||Plus500|
|# of Stocks offered||8000||99||1816|
|See Fibo Group's Instruments||See AvaTrade's Instruments||See Plus500's Instruments|
What's the Fibo Group trading experience like?
1) Platforms and apps
Fibo Group is one of the few brokers that offer both of the MetaTrader platforms; MT4 and MT5. To see how the two platforms compare, you can read our comparison of MT4 vs MT5 here.Fibo Group is one of a handful of brokers that offer the cTrader platform developed for traders looking for a STP/ECN solution. For a list of forex brokers that offer the cTrader platform, check out our comparison of MT4 brokers.
Fibo Group also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you‘re on the move.See Fibo Group's platforms
2) Executing Trades
Fibo Group allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. The maximum trade requirements vary depending on the trader and the instrument.As Fibo Group offer STP execution, you can expect tighter spreads with more transparency over the price you‘re paying to execute your trades.
As with most brokers, margin requirements do vary depending on the trader, accounts and instruments, but as a guide, Fibo Group offer margin up to 0.005% on currencies.
Finally, we‘ve listed some of the popular funding methods that Fibo Group offers its traders on the right.
3) Client support
Fibo Group support a wide range of languages including English, French German, Chinese, Farsi, Spanish, Indonesian and Russian
Fibo Group have a BrokerNotes double AA support rating because Fibo Group offer over three languages, live chat and email support.
CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from http://www.fibogroup.com/ on March 21, 2018.