Fibo Group Holdings Limited is a Forex broker registered in Cyprus under CySEC, with an additional license in the UK courtesy of the Financial Services Authority (FSA). Despite being relative new in the financial market, Fibo is the product of traders and industry professionals with many years experience in the financial world.
Fibogroup.com’s Special FX:
Fibo offers a number of deposit options, making it easy for traders to fund their accounts. In addition to standard methods such as Visa and MasterCard, Fibo processes deposits and withdrawals through PayPal, bank transfers and WesternUniion.
Security is another standout feature of Fibo and aside from offering a 100% safety guarantee on client funds, this site is a member of the Investor Compensation Fund (ICF) which offers compensation up to €20,000 in cases where Fibo is unable to return a trader’s money.
Trading Forex via Fibo is mainly conducted through MetaTrader 4. Offering an all-in-one platform, complete access to multiple currency pairs, deep liquidity and live market data and news, MT4 is perfect for both novice and seasoned traders.
For those with more experience and capital, MetaTrader 5 is available for NDD (No Dealing Desk) trading. Because this type of trading offers direct access to the FX market without an intermediary, traders in charge of this account can benefit from tighter spreads and reduced costs.
At Fibo there are three account types to choose from:
MT4 Fixed: With this account Fibo acts as a market maker for all orders and users can start trading from $300. All currencies are counted to four digits after the comma and trading takes place in 0.01 lots. Leverage on this account is 1:200 and spreads start from 2 pips on a total of 60 currency pairs.
MT4 Floating: As with the Fixed account, Fibo acts as a market maker with this option and the minimum deposit is $300. Currencies are counted to five digits past the comma and the minimum trading limit is 0.01 lots. Spreads start from 0.8 pips and a leverage ratio of 1:200 is available on 60 currency pairs.
MT5 NDD: For experienced traders this no dealing desk option requires a minimum deposit of $500 and trading units of at least 0.1 lots. Instead of spreads this account issues commission charges between $2 and $20 on trades with a value of $1 million and above. Leverage is available at a rate of 1:100 on 43 currency pairs.