FIBO Group Review
Founded in 1998, Financial Intermarket Brokerage Online Group (FIBO Group) is one of the oldest brokerage firms in the online trading business. It has offices in Europe, Asia, and America. Catering to traders of every level, FIBO Group provides reliable trading options when it comes to forex and CFDs. FIBO Group has made a name for itself by always adhering to the highest international standards when it comes to online trading. It has even picked up the Best Analytic Support Service award and the Best Standard Forex Broker award at the Forex Expo Awards 2015.
FIBO Group offers 3 different trading platforms to its clientele: MetaTrader 4, MetaTrader 5 and cTrader. Each trading platform is unique from the other as they offer different benefits and have different shortcomings.
MetaTrader 4 is the most popular platform when it comes to online trading. It offers multilingual support and user-friendly environment. It also provides users with an in-depth analysis of the market by providing graphs and charts that are updated in real time and offers expert advisors who help users make well-informed decisions.
MetaTrader 5 should not be considered just another update on the MetaTrader 4 but a new trading platform altogether. It corresponds to the worldwide practice of trading via NDD (No Dealing Desk) technology. This leads to quick order executions and fixed floating spreads, which are very favorable incentives for online traders.
One of the biggest reasons for the widespread use and popularity of MetaTrader platforms other than their reliability and ease of use is that they offer mobile applications to clients, which allow users to view the market whenever they want. The mobile apps are for Windows Phone, Android, and iOS devices.
An alternate to the MetaTrader platforms is cTrader, which provides access to traders on forex markets via the NDD technology. This ensures transactions take place in less than a millisecond, which minimizes the slippage that users experience.
The FIBO Group offers 3 different account types based on the MT4 format. The MT4 Fixed account offers 60 currency pairs, requires a minimum deposit of 300 USD, and boasts a maximum leverage of 1:200 at a minimum spread of 2. The MT4 Floating account also offers 60 currency pairs, requires a minimum deposit of 300 USD, and has a maximum leverage of 1:200, but it differs from the Fixed account in that it promises a minimum spread of 0.8. The MT4 NDD account offers 32 currency pairs and requires a minimum deposit of 300 USD but promises a maximum leverage of up to 1:400 (1:100 for metals) at a minimum spread of 0.
- Free trading platforms
- Minimum slippage
- Minimum deposit of 300 USD
- Expert advisors available
- Low spreads on forex accounts
- Demo accounts available
- Leverage up to 1:200
- 60 currency pairs available
- Fast and flexible deposit and withdrawal
FIBO Group features a live chat feature where traders can receive advice in real time. The website is available in 8 languages: English, German, Spanish, Persian, Indonesian, Japanese, Arabic, and Russian. Clients can also phone, mail, or email their questions.
FIBO Group is one of the best online trading platforms out there. It is hard to find a flaw in its system which always ensures customer satisfaction, especially when it comes to forex trading.
Office website: https://fibogroup.com/