Background & Regulation
FIBO Group (Financial Intermarket Brokerage Online) was founded in 1998 and is headquartered in Vienna, Austria. It operates through entities in Cyprus and the British Virgin Islands, among other regions. While CySEC regulation offers some oversight in Europe, the BVI license is considered offshore and less strict compared to regulators like the FCA (UK) or ASIC (Australia).
Platforms & Accounts
FIBO provides access to MetaTrader 4 (MT4), MetaTrader 5 (MT5), and cTrader. Traders can choose from multiple account types:
- MT4 Cent (very low entry level, leverage up to 1:1000)
- MT4 Fixed, MT4 NDD
- MT5 NDD
- cTrader NDD, cTrader Zero Spread
This variety allows beginners and experienced traders to pick accounts suited to their strategies.
Trading Instruments
Clients can trade a wide selection of assets:
- Over 40 forex currency pairs
- Metals (gold, silver)
- Stock CFDs
- Indices
- Commodities and energy
- Cryptocurrencies
Leverage can be as high as 1:3000 on certain accounts.
Extra Features
- PAMM/MAM accounts and copy-trading via cMirror
- Deposits and withdrawals available through bank transfer, credit cards, e-wallets, and cryptocurrencies
- Demo accounts for practice
Education & Research
Educational materials are limited. FIBO offers basic trading lessons and video tutorials, but the content is not as comprehensive as what some larger brokers provide. Market analysis updates are irregular.
Customer Support
Support is available 24/5 through phone, email, and callback service, in several languages. However, live chat is not consistently offered, and response times can vary.
Reputation & User Feedback
- Trustpilot reviews give the broker a below-average rating, with several complaints about withdrawal issues and customer service.
- Industry ratings also highlight weaknesses in transparency and regulation.
- Positive aspects mentioned by users include competitive spreads, a wide range of account options, and strong trading platforms.
- Negative feedback often cites hidden fees, inactivity charges, and inconsistent support.
Pros and Cons
Pros
- Operating since 1998 (long track record)
- Wide choice of platforms and account types
- High leverage available
- Copy trading and PAMM options
- Low entry requirements with Cent accounts
Cons
- Offshore regulation (BVI) is less reliable
- Limited education and research materials
- Mixed customer reviews, especially regarding withdrawals
- Inactivity fees
- Customer support can be inconsistent
Conclusion
FIBO Group offers solid trading platforms and a wide range of account types, making it attractive for experienced traders looking for flexibility and high leverage. However, its weaker regulatory framework, average customer service, and mixed user feedback mean it is not the strongest option for beginners or traders seeking maximum security.
If you are considering this broker, it’s best to test it first with a demo or small deposit and compare it with brokers regulated by stronger authorities such as FCA or ASIC.