FIBO Broker Review

January 17, 2023

FIBO is an STP/ECN broker that has existed since 1998. Clients can enjoy cent accounts, leverage up to 1:1000, and floating spreads at this broker. There are also BTC and ETH account currencies available for crypto users.

FIBO Group is an experienced broker who has existed in the market since 1998. This makes FIBO one of the oldest players in the forex industry. This broker was formerly called Cradlewood, Ltd and has participated in trading in the forex and CFD markets on an over-the-counter (OTC) basis until following the times of providing online trading.

Now, the FIBO broker has offices in Vienna (Austria), Almaty (Kazakhstan), Limassol (Cyprus), Munich (Germany), and Shanghai (PRC). This broker, which provides leverage of up to 1:1000, holds a license from the British Virgin Islands FSC regulator.

FIBO brokerage services combine STP/ECN and Market Maker, so they are classified as Hybrid brokers. Meanwhile, its trading platforms include Metatrader4 (MT4), Metatrader5 (MT5), and cTrader. All this allows FIBO to meet the demands of traders using any trading technique. However, this broker does not offer many bonuses or trading contests.

FIBO offers an attractive partnership program. Partner commission calculations are divided into two categories, namely IB Pip and IB Percent. This FIBO provides a commission of up to 1 pip for each transaction for IB Pip. Meanwhile, for IB Percent, the partner commission reaches 30 percent of the spread for each transaction.

FIBO broker also provides swap-free sharia accounts. The sharia account can be activated by registering a new account or using an existing account. Unfortunately, this swap-free account is only available on the MetaTrader 4 platform.

Broker Name FIBO Group
Broker type Hybrid
Website Click here to visit FIBO's official site
Company FIBO Group, Ltd
Founded On 1998
Headquarters Vienna (Austria)
Regulators FSC British Virgin Islands (No. SIBA/L/14/1063)
Customer service email, phone, and live chat
website language English, Mandarin, Arabic, Russian, Indonesian, Malay, Spanish, etc.
Deposits And Withdrawals Bank Wire deposits and withdrawals, credit cards, e-Payments (Skrill, Neteller, Qiwi, CashU, Fasapay), Bitpay (BTC and BCH), as well as local Indonesian banks (via PayTrust88).
Trading platforms MT4, MT5, and cTrader for PC, Web, and Mobile
Trading instruments Over 60 currency pairs (Forex), metals (Gold and Silver), Commodity and Indices CFDs and cryptocurrencies
Spreads Floating Spread (MT4 Cent account, MT4 NDD No Commission, MT4 NDD and cTrader NDD) and Fixed Spread (MT4 Fixed account)
Minimum initial deposit USD1 (MT4 Cent account)
Account Currency USD, EUR, GLD, BTC, and ETH
leverage up to 1:1000 (MT4 Cent account)
Minimum Lots 0.01 (micro lots)
Account Type MT4 Cent, MT4 Fixed, MT4 NDD No Commission, MT4 NDD and cTrader NDD
Swap-free Account only available to clients of the Muslim faith on MT4 Fixed accounts by submitting a special application to the broker
Hedging ✔️
Scalping ✔️


FIBO Advantages

  • Suitable for Beginners and Experienced Traders
    Judging from the regulations, the FIBO broker seems unconvincing because it only has a permit from the British Virgin Islands FSC. However, the trading facilities are very diverse, ranging from MT4 Cent accounts that do not require large capital to cTrader accounts that ECN traders can rely on. The range of trading instruments is quite wide, including popular currencies, indices, metal commodities, and crypto.

  • Opportunity to Partner as IB
    FIBO provides an opportunity for both traders and non-traders to earn extra income through the Introducing Brokers (IB) program in three easy steps, namely: fill out the IB application, agree to the partnership terms with FIBO, then start introducing clients using Partner ID. IB Broker FIBO will get two types of commissions. The first is the commission which is calculated in terms of pips, and the second is the commission which is calculated in the form of a percent of each spread of each trader's trades that the IB introduces to FIBO.

  • Extra Income from the PAMM Program
    FIBO provides a very attractive PAMM program. Experienced traders can apply to become Managers to manage the funds of other traders acting as Investors. Thus, Investors can take part in the forex market without trading themselves, while Managers can earn extra income from managing other people's funds.

Check Out More Interesting Info on FIBOGroup

In addition to all the features listed above, there are other things to know about this broker. For more informations about FIBOGroup, check out these pages:

Education (46)

1. What Is Forex? 2. Why Does Forex Market Exist? 3. What Drives the Forex Market? 4. Why is Forex Trading Popular? 5. Can I Get Rich in Forex? 6. Are You Curious? Want to Discover More about Forex Trading? Meet Demo Acount! 7. I'm a Newbie, How to Master Forex Trading? 8. What Forex Knowledge Should I Conquer? What Are the Steps to Go Thorugh the Journey? 9. What are Software and Glossaries in Trading Forex? 10. How to Read the Forex Market? 11. How to Practice Forex Trading? 12. How to Ride on the Forex Wave? 13. How to Prepare Basic Trading Requirement? By the Demo Account? What about the MT4/MT5? 14. What is Bid-Ask Spread? 15. What is Pip? 16. What is Lot Size 17. What is Leverage in Forex Trading? 18. What is Margin? 19. When to Trade Forex? 20. What is the Most Dominant Market in Forex? How is the Characteristic? 21. What is Chart in Forex? 22. What is Candlestick? Why is It the Most Popular Chart in Forex? 23. What is Technical Analysis? 24. What is Fundamental Analysis? 25. What are MT4 Indicators and How to Use Them? 26. What is Risk in Forex? 27. What is the Psychological Effect in Forex Trading? 28. How to Compile a Strategy Template? 29. How Long Should You Practice in a Demo Account? 30. When Do I Need to Start Learning about Brokers? 31. What Exactly Does a Forex Broker Do? 32. Can I Trade Forex without Broker? 33. How Much Money Do You Need to Trade in Forex Brokers? 34. How to Choose a Good Forex Broker? 35. What is Regulation? And Why Should Regulation Exist? 36. Why Should You Choose Forex Brokers with Top-tier Regulations? 37. How to Choose Forex Brokers Based on Your Need and Where You Are From? 38. What Brokers Should You Avoid? 39. Is There Any Broker Scam in History? How Bad Is It? 40. What are the Most Popular Brokers in The World? 41. What are the Best Brokers For Entry-Level Traders? 42. What are the Best Brokers for Traders with Minimum Deposit Capabilities? 43. Which Broker Provides a Demo Account and Easy Setup? 44. Which Broker Provides Easy Registrations? 45. What and How to Deposit on Forex Brokers? 46. What and How to Withdraw from Forex Brokers?




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