Deposit insurance is crucial as it compensates investors if an authorized financial firm fails, providing an additional layer of security for client funds. While there are 6 different MT4 accounts, there is just one for cTrader and one for MetaTrader 5. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money.
FIBO Group offer MetaTrader 4 and 5 for their trading platforms
From a legal https://traderoom.info/fibo-overview/ standpoint, the company is reputable, with reasonable policies and a reliable regulator. If you are a trader who utilizes the cTrader trading platform, you will find the cTrader NDD account offered by FIBO Group to be an ideal option. This particular account has been specifically created to meet your requirements, providing you with strategies and direct access to global liquidity providers. FIBO Group runs trading brands such as FOREX.com, City Index and GTX.
Comparing FIBO Group fees with other brokers
Trading.biz is not responsible for any loss of money and possible risks connected with any trading. You can explore its capabilities with a free demo account to determine if it aligns with your trading styles and needs. In my opinion, one of the greatest platforms for newcomers is MetaTrader 4, which has an easy learning curve and built-in lessons to guide you through the interface. Overall, I find it safe to trade using FIBO Group, as it is licensed to multiple regulatory authorities, proving their commitment to serving you and me to the fullest. Furthermore, the measures put in place make the broker safer and provide an added layer of protection. CySec oversees the company’s European operations, while the FSC regulates the global operations catering to clients outside Europe.
Demo Accounts
FIBO Group offers a limited range of base currencies compared to other similar brokers. 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.
They provide services in PAMM, Automated Trading and Asset Management. To access these services, you can utilize trading platforms like MetaTrader 4, MetaTrader 5, and cTrader. All three platforms are available via web browser, desktop and mobile. Where the FIBO Group shines is its number of stock CFDs which are about 1,300 in number and spreads start from 0 pips while the commission is volume based and starts from 0.003%. This commission is really low if we compare it with other brokers. All popular stocks are offered from all stock exchanges including the UK, Australia, and USA.
MT4 is available for FIBO Group clients on all devices including Android, iOS, and desktop computers, and as a web trader variant. What differentiates FIBO Group’s mobile MT4 app from others is its offline capability to show charts, historic data, quotes, open trades, and trading history. This will allow traders to always have the ability to track their trading on the go, even when the power is out. All three trading platforms have the ability to install or develop custom trading indicators or trading robots. These robots allow traders to fully automate the trading processes. All of the benefits are the same for the MT5 mobile app and desktop software and it is at least as capable as MT4 and comes with even more features than its predecessor.
- The radar chart to the left shows how important each category is when calculating a broker’s final score.
- But judging on the whole, the broker’s reputation is not the best.
- DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
- One notable advantage is the ability to integrate custom indicators and expert advisors, a feature lacking in other platforms.
- Nevertheless, if your trading interests extend beyond forex, it would be wise to meticulously assess your options.
- A wide range of Forex currency pairs, spot metals, indices, ETFs and individual stocks may be traded with the FIBO Group.
- The fact of “faking” quotes, of course, is very difficult to prove, so we cannot assert it for sure, but in any case this information spoils the impression about the provider.
Of these, the cyptocurrency category is obviously the most interesting. BTC, LTC, ETH, Zcash, Monero and Dash are supported, as well as Ethereum Classic. As mentioned above, the reputation of this broker is something of a mixed bag. Members of the trading community seem split on whether this is a good trading destination or not. While its regulatory status is unclear in most of Europe, there are a few countries in which its services are not available. These are Austria, Belgium, Great Britain, the USA and Australia.
- Most of them are suitable for scalping, which the service provider has nothing against.
- I’ve come across a lot of positive feedback about this platform, so I signed up for it.
- In the years that followed they introduced forex trading and later other CFD trading instruments.
- They provide a variety of account funding alternatives so that everyone may easily access simple ways to deposit and withdraw money.
Forex Broker’s Bonuses
FIBO Group offers a wide range of tradable instruments, including CFDs on stocks, cryptocurrencies, Forex, indices, commodities, futures, and metals. Internet trading in the Forex market is the main business area of the company. We are happy to share our expertise and the technologies we use with our customers. Additionally, you will be able to trade in the CFD (Contracts for Difference) market. Customers are offered MetaTrader 4, one of the best internet trading programs currently available.
As far as deposits go, the broker accepts bank wires in EUR and USD. FIBO Group secured licenses from different jurisdictions of its global sites. It has a certificate of incorporation, certificate of good standing, and investment business license. The activity of the company is regulated by the Financial Services Commission of the British Virgin Islands.
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.
Both these top rated platforms provide you with all the necessary tools and function to make your trading experience seamless and trouble free. However, FIBO Group also offer the cTrader platform for trading Forex using NDD technology. Orders take, on average, less than one millisecond, allowing you to make transactions with minimum slippage. Users have praised their platform for its user-friendly interface and the variety of trading instruments available, which cater to both novice and seasoned investors.
FxScouts is dedicated to safeguarding the personal information under our control and in maintaining a system that meets our obligations under the new regulations. 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. As a well-regulated broker, FIBO Group ensures that all Anti-Money Laundering rules and regulations are followed.
Deposit and withdrawal fees may or may not apply, depending on the method of payment. FxScouts is committed to ensuring protection of all personal information that we hold, and to provide and to protect all such data. We recognize our obligations in updating and expanding this program to meet the requirements of GDPR.