I will definitely not use Fibo again and I do not recommend to anyone also.Translated with DeepL.com (free version) Avoid scam brokers like FiboExecution time 500msc, spread in gold 8cents. Market makers earn money primarily through the spread, which is the difference between the bid and ask prices. They may also profit from holding positions against traders, though this is balanced with managing overall risk exposure.
Are there parking options nearby and what are the connections to public transport?
Welcome to our comprehensive FIBO Group review, where we investigate whether this broker is trustworthy or if it’s another potential scam in the forex trading industry. If you’ve been considering investing with FIBO Group or have already deposited funds and are experiencing issues, this detailed analysis is crucial for your financial safety. Tune in to “Let’s Talk Forex,” a podcast designed for traders of all levels. From market analysis and trading strategies to interviews with industry experts, this podcast covers the breadth of the forex landscape. Join the conversation and discover insights that can help you navigate the exciting world of currency trading.
The company offers low spreads starting from 0 pips for main instruments and 41 currency pairs. It also provides instant execution technology on MT4 NDD and cTrader NDD accounts. FIBO Group’s commitment to continuous improvement is reflected in its efforts to review the needs of each trader and enhance the services offered. Tools such as a currency calculator and daily market reviews are provided to help traders gather all the necessary market data for trading.
Deposit & Withdrawal
The minimum deposit amount varies depending on the type of account. For the MT4 NDD No Commission account, the minimum deposit amount is 100 EUR. On the other hand, for the MT4 NDD account, the minimum deposit requirement is 300 USD. It’s important to note that having a larger trading capital provides more flexibility and better risk management capabilities.
I think any trader will be very pleased with what they learn from https://traderoom.info/fibo-overview/ high probability analytical reviews and signals. In addition, this of course doesn’t mean that there is no delays of execution or other problems. This means that any order even limit order will be at risk of big slippage above 3 pips or more.
Pros and Cons of HF Markets
FxScouts’ Broker Score and Trust Rating constantly evolve to reflect the forex market’s dynamics. We ensure transparency by incorporating regulator data and user insights. Our in-depth reviews consider over 200 metrics across seven key categories. The radar chart to the left shows how important each category is when calculating a broker’s final score. FIBO Group offers a limited range of base currencies compared to other similar brokers. The MT4 and MT5 apps allow traders to work from anywhere, with nine timeframes, 30 indicators, and interactive currency charts.
They are based in Jharkhand and UP and claim that they are operating from Bangalore. 4 Oct 2023RavilFrom my initial foray into the realm of Forex trading, I have found a trustworthy ally in Fibo Group. It was upon the recommendation of a colleague, whose opinion I value highly, that I ventured into a partnership with this broker – a decision I look back on with gratitude. My journey with Fibo Group has been both educational and progressive. Their comprehensive training materials offered a foundational understanding, paving the way for me to test the waters with their demo account.
FIBO Group Customer Reviews and Comments
The customer support, while knowledgeable, often leaves me feeling exasperated due to their slow response times. It’s an area I genuinely hope they will prioritize and enhance, as prompt and efficient support is vital in the dynamic world of trading. The broker also uses SSL technology to encrypt their trading platforms, ensuring that all data transmitted between clients and the company is secure. Additionally, FIBO Group uses two-factor authentication protocols upon login and one-time verification passwords via SMS for specific requests through the member’s area. This ensures that only authorized individuals have access to clients’ accounts. So, average trading costs with this broker amount to around 0.8 – 0.9 pips for the EUR/USD pair, which is a pretty good offer, as most brokers offer spreads within the range of 1.0 – 1.5 pips.
The app is intuitive, and responsive, and allows me to monitor and manage my trades on the go. To see the full broker review click “See review”, to see the complete table and compare more brokers visit our Comparison page. However, it’s important to note that some deposit methods, such as bank transfers, may have commissions. Additionally, processing times vary depending on the payment method you choose. Regardless, most other deposit methods are commission-free.
- They offer tutorials on working with the MetaTrader4 (MT4) trading platform.
- FIBO Forex is a reliable and reputable forex broker that offers a comprehensive range of trading instruments and account types to suit the needs of different traders.
- Beginners seeking detailed educational resources and support will undoubtedly appreciate this broker.
- These institutions ensure market liquidity by consistently offering buy and sell prices, facilitating smooth trading conditions.
- With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders.
8 Jun 2016Joseph ShNow I like to be involved in FIBO Group Partnership program and get the commission as long as a client brought by me is making trading deals. It does not even matter whether he gains profits or he does not. This is the reliable and stable revenue in addition to trading. Trading within FIBO for the first time and considering investment objective I decided to use its offer for beginners. Here I can trade within one trading day and following the latest news materially affecting the prices I am able to exchange the currency with profit.
These platforms, which include MetaTrader 4, are user-friendly and offer a range of features to assist clients in their trading activities. These features include low spreads, fast and flexible deposit and withdrawal options, and the ability to trade more than 60 currency pairs with low spreads and up to 200x financial leverage. Overall, FIBO Group’s customer support services are designed to provide clients with the resources and assistance they need to succeed in forex trading. The company’s commitment to customer service is reflected in its positive customer reviews, with one client noting their «user-friendly platform, tight spreads, and reliable customer support». FIBO Group, a renowned name in the Forex trading industry, does offer various promotions and bonuses to its clients. One of the notable promotions is a 20% bonus on the first deposit.
- This change aims to make trading operations more accessible.
- Despite its limitations in account types and currency options, FBS’s strengths in providing competitive trading conditions and comprehensive support make it a commendable broker for a broad spectrum of traders.
- 28 Sep 2023ErikIn my journey within the Forex trading landscape, I have encountered a multitude of broker options, among which Fibo Group stands out as a particularly distinguished choice.
- Here is a list of more forex brokers offering MT4 platform.
after 6 month my account value was less…
Each model has its own advantages and disadvantages, and the choice depends on the trader’s preferences and trading style. With quality analytics and diverse educational materials, Oanda suits beginners and experienced traders. Founded in 1998, the International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) stands as a testament to experience and credibility in the realm of marginal internet trading. With over two decades in the industry, we are among the pioneers who laid the foundation for the digital trading era. From our inception, transparency, client protection, and regulatory compliance have been the linchpins of our operations. 15 Oct 2018SergeyI’ve been trading with Fibo for a few years now and can definitely say the conditions are well satisfying.
6 Sep 2021Nitin SarodeI don’t know too much about FIBO group. But I started work with FIBO group through a Indian agent called Sidharth with Algo system from 10th of August. Finally today he made 100% loss & account came in negative balance.
How Many Pips Per Day Forex: A Realistic Expectation for Traders
In addition to forex trading, FIBO Group offers trading in a variety of other financial instruments. These include CFDs on gold and silver, world’s major indices, energy carriers, and agricultural commodities. The group also provides regular updates on forex/CFD quotes. This makes it a comprehensive resource for traders looking to stay informed about market trends and make smart investment decisions.
In conclusion, FIBO Group offers a comprehensive suite of educational and learning materials that cater to both beginners and experienced Forex traders. These resources provide the knowledge and skills needed to navigate the complex world of Forex trading successfully. 11 Jul 2019GeorgeI finally found a broker about which for the first time in 5 years I will write a positive review. With the depositing and withdrawal of funds in general there are no problems, everything comes on time. And of course, webinars which are conducted very often, for beginner traders – I recommend, although for those with experience too. In general, for four months I have no complaints about the company.
Because it is NDD-only, traders will have to pay a commission on cTrader accounts. The user interface is more intuitive and modern than the MetaTrader platforms and the application is constantly being updated and improved by Spotware in response to user feedback. CTrader comes with many modern features such as automated trading with cAlgo, depth of market feature, one-click trading, and advanced charting. This is the only MT5 account and has a much higher minimum deposit of 50 USD. All trades are executed on the market, with average spreads on the EUR/USD at 0.2 pips.
If someone does not withdraw, then there is a reason, and you just need to find out in customer support what the problem is. Or some violation of the rules of the contract, which by the way must be read. For the first and second times there were slight delays, then everything went on smoothly. Again, the broker is far from ideal, and there are better offers as I trade not only here, but in general FIBO is really recommended. 10 Apr 2023FarhadI became a client of this broker because FIBO Group is one of the small cohort of companies that enable their clients to trade on international markets.