FIBO Group

In this comprehensive FIBO Group review, we analyze key features, pricing, and platforms to determine if FIBO Group is a good broker for your trading goals. Our objective breakdown provides the essential facts you need to make an informed decision.

Is FIBO Group Legit and Safe?

FIBO Group is an offshore forex broker regulated by the British Virgin Islands Financial Services Commission, having voluntarily surrendered its European CySEC license in 2025.

What Is FIBO Group? Company Background

Established in 1998, FIBO Group (originally known as Financial Intermarket Brokerage Online Group) is one of the oldest players in the retail online brokerage industry. The company initially started as an investment consulting firm before transitioning into retail forex and CFD brokerage. Over its decades of operation, the group has established representative offices and administrative hubs in locations such as Costa Rica, Germany, Kazakhstan, and Singapore [1]. The company operates on a No Dealing Desk (NDD) model for many of its accounts, connecting traders directly to liquidity providers.

FIBO Group Regulation

FIBO Group is regulated by the British Virgin Islands Financial Services Commission [2]. This oversight body is classified as a tier-3 or offshore regulator, which offers less rigorous supervision than onshore financial authorities. You can check the BVI FSC official website to verify FIBO Group's license status. Simply search the commission's public database for license number SIBA/L/13/1063 to confirm their active standing [2].

The table below outlines the regulatory details, active entities, and investor protection limits for the legal entities of FIBO Group.

The transition to a single offshore entity means that while traders gain access to higher leverage, they lose the robust protection of European regulatory schemes.

Which FIBO Group Entity Serves Your Region?

Because FIBO Group has transitioned its core retail services away from European jurisdictions, most global clients are onboarded through its offshore branch [3].

• Onboarding Entity: Global clients are onboarded exclusively under FIBO Group, Ltd. in the British Virgin Islands, which handles all account registrations outside restricted jurisdictions.
• Compliance Speed: Onboarding under the offshore entity requires less paperwork than European brokers—meaning your account can be verified and funded much faster.
• Regulatory Leverage: Offshore registration allows the broker to offer leverage up to 1:1000, which is significantly higher than the 1:30 leverage limit enforced under European rules.
• Investor Protection: Trading under the offshore entity means you do not have access to an investor compensation scheme, exposing your capital to higher risks in the event of broker insolvency [2].

Restricted Countries

FIBO Group cannot offer its services to residents of certain countries due to localized legal restrictions and strict regulatory boundaries.

• Restricted jurisdictions: United States [1]
• Restricted jurisdictions: United Kingdom
• Restricted jurisdictions: Australia [1]
• Restricted jurisdictions: Belgium [1]
• Restricted jurisdictions: North Korea [1]
• Restricted jurisdictions: Israel
• Restricted jurisdictions: Japan [1]

Client Fund Protection

FIBO Group implements standard offshore client fund protocols to ensure a baseline level of capital security.

• Segregated Accounts: FIBO Group keeps client funds in segregated bank accounts with tier-1 financial institutions, ensuring that trader capital is never co-mingled with the broker's operational expenses.
• Negative Balance Protection: The broker does not formally guarantee negative balance protection for all offshore retail accounts, meaning traders could theoretically lose more than their initial deposit during extreme market volatility.
• Broker Insolvency: In the event of insolvency, BVI rules provide no statutory compensation fund, which places the burden of recovery entirely on the liquidation process [2].

FIBO Group User Reviews and Trustpilot Rating

FIBO Group holds a Trustpilot rating of 2.5 out of 5 stars based on 16 reviews, reflecting a generally poor and highly critical user sentiment [4]. Because the broker does not actively invite its clients to post reviews on the platform, the score represents a small, unsolicited sample of customer experiences. The overall sentiment is heavily negative, with a few positive remarks concerning historical reliability.

Real trading experiences highlighted in public forums point to several distinct trends:

Key Positives:

• FIBO Group provides a robust choice of platforms including MT4, MT5, and cTrader, allowing traders to select the environment that best fits their automated or manual strategies.
• The broker's established track record since 1998 gives some users confidence in its historical longevity despite recent regulatory changes [1].

Key Complaints:

• Account managers frequently employ aggressive sales tactics, with users reporting persistent phone calls pressuring them to deposit funds under threat of fabricated daily penalties.
• Traders face slow execution speeds of up to 500ms and wider spreads on major assets like gold during high-volatility events.
• Basic administrative tasks like updating account phone numbers are often delayed due to automated support loops and unresponsive customer service teams.

To read individual trader accounts and track further developments, you can See FIBO Group reviews on Trustpilot, where all data was last verified as of June 2026 [4].

FIBO Group Account Types

FIBO Group offers a highly diverse selection of trading accounts across multiple platforms with minimum deposits starting at just $0 on cent tiers, though the exact cost structures vary significantly between fixed-spread and raw-spread options.

FIBO Group Account Types and Minimum Deposit Requirements

FIBO Group provides an unusually broad selection of account types, supporting MetaTrader 4, MetaTrader 5, and cTrader. This variety allows traders to select an account based on their platform preference, budget, and execution strategy. Minimum deposit requirements across almost all professional and standard accounts are set at a very accessible $50, while beginners can utilize the cent-based accounts with no barrier to entry.

The account types and their specific conditions include:

• MT4 Cent and MT5 Cent Accounts: These beginner-friendly accounts require a $0 minimum deposit and use cent-denominated balances to dramatically reduce monetary risk. The MT4 Cent account offers a maximum leverage of 1:3000, while the MT5 Cent account supports ultra-leverage up to 1:5000. Both accounts offer commission-free trading with floating spreads from 0.6 pips, making them ideal for testing strategies or expert advisors in a live market environment with cent-level risk.
• MT4 Fixed Account: This account requires a $50 minimum deposit and is optimized for automated systems that require static price parameters. Spreads are fixed from 2.0 pips with no separate commission, while leverage is restricted to a conservative maximum of 1:200.
• MT4 NDD Account: Delivering institutional-grade No Dealing Desk execution, this account requires a $50 minimum deposit and offers raw spreads starting from 0.0 pips. It features leverage up to 1:400 and charges a competitive round-turn commission of 0.003% of the transaction size (approximately $6 per round-turn lot).
• MT4 NDD No Commission Account: This account serves as a hybrid option for traders who want NDD execution speeds but prefer a simplified, all-inclusive pricing structure. It requires a $50 minimum deposit and provides leverage up to 1:400 with floating spreads starting at 0.8 pips and no separate commission charges.
• MT5 NDD Account: Built to leverage the advanced order routing and analytical capabilities of MT5, this account requires a $50 minimum deposit. It features raw spreads from 0.0 pips, a maximum leverage of 1:400, and a 0.003% transaction commission, appealing directly to algorithmic traders.
• cTrader NDD Account: Providing direct market access on the cTrader platform, this setup requires a $50 minimum deposit. It features floating spreads from 0.0 pips, a standard commission of 0.003% per transaction, and leverage up to 1:400, catering to traders who prioritize advanced market depth and execution transparency.
• cTrader Zero Spread Account: Specifically designed for high-frequency traders, this account requires a $50 minimum deposit and features a persistent 0.0-pip spread on major instruments. To offset this, the broker charges a higher commission of 0.012% of the transaction volume, with leverage capped at 1:400.

The trade-off between spreads and commissions is the primary financial factor when selecting an account. For active intraday traders, the raw NDD accounts on MT4, MT5, and cTrader represent the most economical choice. While a fixed-spread account avoids separate commission line items, a standard 2.0-pip spread on the MT4 Fixed account translates to a trading cost of $20 per standard lot, whereas an NDD account with an average spread of 0.2 pips plus a $6 round-turn commission costs only $8 per lot.

Does FIBO Group Offer an Islamic Account?

FIBO Group offers fully compliant Islamic (swap-free) accounts to accommodate Muslim traders who adhere to Sharia law. This feature is available upon request for the MT4 Fixed, MT4 NDD, and MT4 NDD No Commission accounts. Under this structure, overnight swap charges are waived, though the broker may replace these fees with a flat administrative charge for positions held open beyond a specified number of days.

FIBO Group Fees and Trading Costs

FIBO Group's pricing sits in the mid-range of the retail broker market, featuring tight floating spreads on its NDD accounts while applying transaction commissions and overnight swap rates that align with industry averages.

FIBO Group Trading Fees (Spreads / Commission Fees / Swap and Overnight Fees)

Trading costs on FIBO Group are split into spread markups, commissions, and rollover fees, depending heavily on the account type you select.

• Spreads: The cost of entry on trades varies by account type. The MT4 Fixed account features fixed spreads starting at 2.0 pips, which is high but protects traders from volatility markups. Meanwhile, the Cent and NDD-based accounts offer floating spreads; Cent accounts start at 0.6 pips, and NDD accounts feature raw market spreads starting as low as 0.0 pips.
• Commissions: Accounts featuring raw spreads charge a commission to process trades. For the MT4 NDD, MT5 NDD, and cTrader NDD accounts, the fee is a competitive 0.003% of the transaction size, which works out to roughly $3 per side or $6 per round-turn standard lot. The cTrader Zero Spread account features a zero-pip minimum spread but offsets this with a higher commission rate of 0.012% of the transaction volume.
• Swap and Overnight Fees: Positions held past the daily market close (5:00 PM EST) incur overnight interest charges, known as swaps. Swaps are calculated based on the interest rate differential between the two currencies in a pair and are tripled on Wednesday nights to account for weekend settlement. Swap-free Islamic accounts are available to Muslim traders, though administrative fees may apply to positions held open over a prolonged period.

FIBO Group Non-Trading Fees (Inactivity Fees / Currency Conversion Fees)

In addition to trading spreads and commissions, clients should be aware of several non-trading fees that can impact overall profitability.

• Inactivity Fees: FIBO Group charges a monthly inactivity fee of $5 or equivalent if an account is left dormant without any trading activity for a period of three months or more. This fee is deducted directly from the account balance until active trading resumes or the balance reaches zero.
• Currency Conversion Fees: If you fund your account or trade in assets denominated in a currency other than your account's base currency, FIBO Group applies a currency conversion fee. Because account options are generally limited to USD and EUR, global traders who maintain local currency accounts will incur these conversion margins.
• Account Maintenance Fees: Under normal operating conditions, FIBO Group does not charge any recurring monthly maintenance or administration fees outside of the dormancy penalties.

FIBO Group Deposits & Withdrawals (Deposit and Withdrawal Methods / Withdrawal Speed and Minimum Limits / Deposit and Withdrawal Fees / Withdrawal Issues and User Complaints)

FIBO Group supports a highly diverse selection of funding options including bank wire, credit cards, e-wallets, and cryptocurrencies, though clients must navigate transaction-specific deposit and withdrawal fees depending on the selected gateway.

Funding Methods and Processing Speeds

Deposits can be completed through traditional wire transfers, credit or debit cards, and alternative online payment channels. Visa and Mastercard transactions are processed instantly, while e-wallets such as Neteller, Skrill, WebMoney, FasaPay, and Perfect Money also offer near-instantaneous deposit execution. Cryptocurrencies are supported via gateways like Raido Finance, BitPay, and Blockchain, with processing times subject to network congestion. Bank wires (SWIFT and SEPA) generally take three to five business days to clear.

Withdrawal Limits and Fees

FIBO Group passes processing and payment gateway commissions directly to the client on both deposits and withdrawals, which can elevate non-trading costs:

• Bank Wire (SWIFT): Deposits depend on banking partners, while withdrawals carry a high flat fee of $35 to $50 and take up to three business days to process.
• Credit/Debit Cards: Deposits are commission-free, but withdrawals carry a fee of 2.5% plus an additional €1.50.
• Neteller: Deposits require a high 4.9% commission, and withdrawals cost 2% with a $1 minimum.
• Skrill: Deposit fee is 3.9%, and withdrawals carry a 1% fee.
• Perfect Money: Deposits are free, and withdrawals have a 0.5% fee.
• WebMoney: Both deposits and withdrawals carry a 0.8% transaction fee, up to a maximum withdrawal fee of $50.
• Cryptocurrencies: Deposits are free (excluding network gas fees), and withdrawals carry a 0.5% fee depending on the blockchain platform.

The minimum withdrawal limit depends on the gateway. E-wallet withdrawals can be made for amounts as low as $10, whereas bank wire transfers typically require a much higher minimum limit (often $50 or more) due to the flat-fee structure.

Withdrawal Issues and User Complaints

According to real user reports across independent trading forums, some clients face obstacles when trying to retrieve their funds. The most common complaints stem from strict compliance verification protocols. The broker's back-office team occasionally requests supplementary documentation—such as notarized proof of address, source of wealth statements, or selfies holding physical identification cards—before releasing funds. Furthermore, some users have reported delays in receiving the SMS security codes required to authorize withdrawal requests, resulting in administrative backlogs and friction with customer support.

FIBO Group Trading Platforms, Conditions & Experience

FIBO Group provides a robust suite of industry-standard trading platforms, including MT4, MT5, and cTrader, alongside competitive execution models and highly flexible leverage parameters.

Does FIBO Group Support MT4, MT5 & Mobile Trading?

FIBO Group supports MetaTrader 4, MetaTrader 5, and cTrader across desktop, web, and mobile app interfaces, ensuring traders have access to the industry's most popular platforms. Each interface caters to different strategies, technical requirements, and levels of market experience.

• MetaTrader 4 (MT4): This classic platform remains the default choice for retail forex traders due to its optimized environment for algorithmic trading via Expert Advisors (EAs). FIBO Group offers MT4 as a downloadable Windows client, a web terminal compatible with macOS and Linux, and a dedicated mobile app.
• MetaTrader 5 (MT5): Serving as the successor to MT4, this platform offers superior execution capabilities, a built-in depth-of-market (DOM) display, 21 distinct timeframes, and an advanced strategy tester. It is highly integrated with the broker's MT5 NDD and Cent accounts for rapid order routing.
• cTrader: This premium platform delivers institutional-grade STP/ECN market access, featuring advanced charting, tick-level timeframes, and integrated copy-trading functionality. cTrader is particularly popular among technical traders who utilize custom cBots written in C#.
• Mobile Trading: Mobile traders can utilize the standard MT4 and MT5 mobile applications or the dedicated FIBO cTrader app on Google Play and Apple App Store. The cTrader mobile app features custom watchlists, detailed trading statistics, and quick-order execution.

What Can You Trade on FIBO Group? (markets and instruments)

FIBO Group provides access to over 60 currency pairs, gold, and spot metals, alongside a selected offering of stock, index, commodity, and cryptocurrency CFDs. The depth of their asset catalog varies depending on the platform and account type you choose.

• Forex: The broker offers over 60 currency pairs, representing an extensive selection of major, minor, and exotic currency options.
• Precious Metals: Traders can buy and sell spot gold, spot silver, and other contracts with tight margins.
• CFDs on Indices: This category covers major global indices, including the S&P 500, DAX, FTSE 100, and Nikkei 225.
• Commodities: Energy contracts like crude oil, heating oil, and natural gas are offered alongside soft commodities such as wheat, sugar, and corn.
• Cryptocurrencies: CFDs on top digital currencies like Bitcoin (BTC) and Ethereum (ETH) are available with moderate margin requirements.
• Stocks: While MT5 and cTrader support selected US stock CFDs with leverage, the broker does not offer direct physical stock ownership or ETFs.

FIBO Group Leverage, Margin & Order Execution

FIBO Group offers highly flexible margin requirements and execution models, providing maximum leverage ranging from 1:200 up to 1:5000 on cent accounts, backed by No Dealing Desk (NDD) market execution. The actual margin limits depend closely on the asset class and your registered account structure.

• Cent Account Leverage: Under the offshore BVI FSC entity, MT4 Cent accounts offer leverage up to 1:3000, while MT5 Cent accounts support extreme leverage up to 1:5000 for small-scale capital testing.
• Standard Account Leverage: The MT4 Fixed account restricts maximum leverage to a conservative 1:200, whereas standard NDD accounts (MT4, MT5, and cTrader NDD) allow a maximum ratio of 1:400.
• Asset-Specific Leverage Caps: Leverage is heavily capped on highly volatile assets, offering ratios up to 1:25 on cryptocurrency CFDs and up to 1:20 on US stock CFDs.
• Stop Out Levels: The broker uses two distinct safety nets; MT4 Fixed, Cent, and cTrader NDD accounts carry a lenient 20% Stop Out level, while MT4 NDD, NDD No Commission, and MT5 NDD accounts enforce a stricter 50% Stop Out level.
• Order Execution Model: FIBO Group routes orders through a No Dealing Desk (NDD) Straight-Through Processing (STP) model for its raw-spread accounts, sending client trades directly to tier-1 liquidity providers to minimize execution lag. In contrast, Cent and Fixed accounts utilize an in-house Market Maker model.

FIBO Group Research Tools & Educational Resources

FIBO Group delivers weekly market analysis, YouTube-based educational playlists, and a fully featured PAMM investment platform, though it lacks third-party tools like Trading Central. The native educational section on the website is basic, but the broker offsets this with video content and a structured PAMM network.

• Market Analysis and Media: The broker’s analytical section features weekly video market forecasts on "FIBO Group TV," combined with technical market briefs compiled by in-house analyst Andrew Masters.
• FIBO Group TV YouTube Academy: For structured learning, traders must look to the broker’s official YouTube channel, which features dedicated video playlists like "FOREX - IT'S EASY" and "ONLINE FOREX ACADEMY" alongside MetaTrader tutorials.
• FIBO Group PAMM Investment System: The proprietary PAMM (Percentage Allocation Management Module) program is a key feature of the broker's ecosystem. Experienced traders can establish master accounts to manage pooled investor capital, with profits and losses distributed proportionally. Master managers can customize their minimum investment thresholds (starting around $50), profit-split ratios, and penalties for early capital withdrawals.

How Good Is FIBO Group Customer Support?

FIBO Group provides multilingual customer support via live chat, email, and direct telephone lines 24 hours a day, five days a week. Support representatives are stationed globally to handle technical, onboarding, and billing requests.

• Communication Channels: Support can be accessed via an online web chat, a direct telephone hotline (+7 727 327 2878), specialized email lines (service@fibogroup.com), or physical branch offices located in Munich, Limassol, Almaty, and Singapore [1].
• Multilingual Capability: Support services are provided in over 12 languages, including English, German, Spanish, Arabic, Indonesian, Russian, and Chinese.
• Support Hours: Technical and administrative support is strictly tied to global market hours, operating on a 24/5 basis with no official support availability on weekends.
• Response Quality and Issues: Independent feedback indicates that while basic technical inquiries are resolved quickly, clients occasionally encounter slow response times (sometimes exceeding 12 hours) when dealing with complex verification updates or payment inquiries.

Who Is FIBO Group Best For?

Is FIBO Group Good for High-Leverage Traders?

FIBO Group is highly suited for risk-tolerant, high-leverage traders who require extreme margin limits of up to 1:5000 on cent accounts and up to 1:400 on standard market accounts. Because the broker operates under British Virgin Islands offshore regulation, it is completely exempt from the strict leverage caps imposed by European (ESMA) and Australian (ASIC) authorities. This gives experienced traders the freedom to open massive market positions with minimal margin requirements. However, because the broker does not universally guarantee negative balance protection under its offshore entity, high-leverage trading on this platform carries a elevated level of risk during black-swan events.

Is FIBO Group Good for PAMM Investors and Managers?

FIBO Group is an excellent choice for PAMM managers and passive investors seeking a mature, transparent percentage-allocation infrastructure to pool and grow capital. The broker's long-standing PAMM network is one of its primary competitive advantages, offering a highly automated portal where experienced money managers can set up custom investment terms, performance fees, and early-withdrawal penalty limits. For passive investors, the broker provides a fully public and auditable leader board that tracks key manager performance metrics, historical drawdowns, and active capital volumes. The accessible $50 minimum deposit requirement for standard PAMM participation makes it easy for retail clients to diversify across several managers.

Is FIBO Group Good for Algorithmic Traders?

FIBO Group is well-suited for automated and algorithmic traders who rely on fast execution speeds, low latency, and platform compatibility with custom Expert Advisors and cBots. The combination of No Dealing Desk (NDD) order routing with raw, market-derived spreads on MT4, MT5, and cTrader creates an ideal environment for automated systems. Algorithmic traders can deploy complex scalping or hedging scripts without facing arbitrary minimum holding-time restrictions. Furthermore, the availability of a dedicated cTrader API and MT5’s robust multi-thread strategy tester allows developers to optimize and backtest automated strategies under real market conditions.

Best for: PAMM investors, high-leverage traders, and algorithmic developers using MetaTrader or cTrader platforms.
Less ideal for: Onshore-regulation purists, beginners requiring robust structural learning tools, and cost-sensitive traders looking for fee-free deposit and withdrawal methods.

Compare FIBO Group with Other Popular Brokers

FIBO Group stands out for its high-leverage accounts and specialized cTrader or PAMM support, but it lacks the robust regulatory security and extensive asset lists provided by top-tier global competitors.

FIBO Group vs FxPro

The most critical difference between the two brokers lies in regulatory oversight, with FxPro providing high-tier financial protection while FIBO Group operates primarily under an offshore license. FxPro holds strict regulatory licenses from tier-1 bodies such as the FCA in the United Kingdom and CySEC in Cyprus, whereas FIBO Group has transitioned its services entirely to its offshore BVI FSC entity [3]. When comparing costs, FIBO Group features lower minimum deposit barriers at $50 for standard NDD accounts compared to FxPro’s standard $100 starting balance. However, FxPro offers a vastly larger catalog of over 2,100 tradable CFDs, including a far deeper selection of individual stocks and cryptocurrencies than FIBO Group's modest asset list. FxPro also processes withdrawals completely free of charge, while FIBO Group passes payment gateway commissions directly to the user.

Takeaway: FIBO Group is the better choice for PAMM managers and high leverage; FxPro suits security-conscious traders who need a broader range of assets.

FIBO Group vs XM

The primary distinction between these brokers is their approach to pricing and account options, as XM specializes in commission-free micro accounts and promotional loyalty bonuses, while FIBO Group emphasizes low-latency raw ECN execution. XM provides clients with negative balance protection and a minimum deposit of just $5 on its micro and standard accounts, whereas FIBO Group requires $50 for its professional STP and ECN options. Additionally, XM operates under multiple onshore jurisdictions including ASIC and CySEC, giving it a much stronger reputation for safety than FIBO Group's offshore British Virgin Islands registration [2]. On the other hand, FIBO Group offers native access to the cTrader platform and a fully integrated PAMM investment framework, both of which are completely unavailable at XM. Spreads on XM's Ultra Low accounts are highly competitive and commission-free, while FIBO Group's raw NDD spreads require separate commission charges.

Takeaway: FIBO Group is the better choice for cTrader users and PAMM investing; XM suits retail beginners who want superior bonus incentives and top-tier safety.

FIBO Group vs IC Markets

The biggest contrast between these platforms is the scale of their liquidity and pricing efficiency, with IC Markets providing deep institutional liquidity and lower raw commissions than FIBO Group's offshore ECN model. IC Markets is widely regarded as one of the world's largest raw-spread brokers, offering average EUR/USD spreads of 0.1 pips with a $7 flat round-turn commission under ASIC and CySEC regulation. By comparison, FIBO Group's raw NDD accounts charge a slightly lower $6 commission but feature higher and more volatile spreads under its offshore FSC license [2]. IC Markets also stands out by offering fee-free deposits and withdrawals, while FIBO Group imposes processing costs on almost all outward transactions. However, FIBO Group’s cent-denominated accounts with $0 minimum deposits and up to 1:5000 leverage provide an entry-level playground that is entirely absent from IC Markets' professional $200 minimum deposit catalog.

Takeaway: FIBO Group is the better choice for cent-account users wanting extreme leverage; IC Markets suits high-volume day traders and scalpers seeking institutional liquidity.

FIBO Group Broker Quick Verdict

FIBO Group is a solid option for experienced algorithmic traders and PAMM investors needing platform diversity and high leverage, though its offshore regulatory status and withdrawal fees are notable drawbacks. This comprehensive FIBO Group review concludes that while the broker offers exceptional execution flexibility, traders must accept the inherent risks of trading under a tier-3 offshore regulator.

Editorial Transparency: This FIBO Group review is based on information from the official FIBO Group website, current regulatory filings, and independent third-party sources such as Trustpilot [4]. We cross-checked the broker's regulation and license details [2, 3], account types, trading and non-trading fees, deposit and withdrawal terms, platforms, and real user feedback [4] to ensure accuracy and objectivity. This content is for educational purposes only and does not constitute financial advice; trading CFDs carries a high risk of losing money. Last updated: June 2026.