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FIBO Group Review 2023

FIBO Group is a forex and CFD brokerage based in Cyprus. The broker offers trading on MT4, MT5 and cTrader, with a range of live, PAMM and demo account options. In this review, we’ll look at regulation, leverage and pricing, to help you decide if FIBO Group could be a good choice for you.To get more news about fibo group review, you can visit wikifx.com official website.

FIBO Group Details
Financial Intermarket Brokerage Group (FIBO Group Ltd) was founded in 1998. The organisation is licensed and regulated in the EU by the Cyprus Securities and Exchange Commission (CySEC). The global site is also authorised by the Financial Services Commission (FSC) in the British Virgin Islands (BVI).

MetaTrader 4
The MT4 trading platform is a top choice among traders of any experience level. The software boasts a powerful interface which is fully customisable and supports multiple trading styles.

Traders can analyse the markets on 9 different time intervals, using 30 pre-included indicators and a range of graphical objects. There’s also a trading history feed as well as real-time quotes in Market Watch. Clients can also utilise expert advisors (robots) for automated trading strategies.
MetaTrader 5
MT5 is the successor to the MT4 real server and comes with several differences, including an economic calendar and Depth of Market liquidity. There’s also a wider range of technical indicators and drawing tools, plus 21 time intervals and advanced order and execution types.
MT5 is also available via desktop application or via the web trader, but note that MT5 is only available for clients on the global site.

cTrader
The cTrader platform is suitable for professional traders as well as newbies and is available both as downloadable or web versions.

The platform offers one-click trading, a market sentiment indicator, economic news, Depth of Market view and trading robots using the cAlgo integrated tool. There’s also over 50 indicators and 26 chart time frames to choose from, as well as copy-trading functionality.
Markets
FIBO Group offers 38 currency pairs as well as spot metals on the EU site. Global clients can trade a wider range of forex, as well as over 20 CFDs on major indices and commodities, such as the FTSE100 and crude oil. There’s 9 CFDs on cryptocurrencies, plus a range of shares.

Trading Fees
FIBO Group offers fixed and floating spreads starting from 0.3 pips for EUR/USD and 1 point for major indices, including NASDAQ. The gold spread is around 0.5 USD and crude oil is 8 cents.

Commissions may also apply depending on the account type. These start from 0.003% from the amount of the transaction. There’s also a $5 dormant account fee which applies after 91 days of account inactivity. In addition, swap charges apply on overnight positions.

Leverage
For global clients, the maximum leverage available is 1:1000 in the MT4 Cent account, but for most other account types, the maximum leverage is 1:400. For EU clients, leverage is available up to 1:50 for standard traders and up to 1:400 for professionals.