Types of Accounts at FIBO Broker
Opportunities to gain profit from trading as a PAMM manager and investor are wide open on FIBO accounts. What are the special benefits and how do you register?
FIBO broker is one of the few brokers in the forex market that provides DD (Dealing Desk), NDD (No Dealing Desk), and STP (Straight Through Processing) trading accounts simultaneously. This is possible because of the wide variety of trading accounts offered. Here are the types of trading accounts at broker FIBO:
Common Account Types
MT4 Fixed Account- Trading platform: Metatrader4
- Execution: market maker/DD
- Minimum initial deposit: 300 USD
- Four-digit quotes
- Fixed spread starting from 2 pips
- No commission fee
- Leverage 1:200
MT4 Floating Account
- Trading platform: Metatrader4
- Execution: market maker/DD
- Minimum initial deposit: 300 USD
- Five-digit quotes
- Floating spread starting from 0.8 pips
- No commission fee
- Leverage 1:200
MT4 NDD Account
- Trading platform: Metatrader4
- Execution: no dealing desk
- Minimum initial deposit: 300 USD
- Five-digit quotes
- Spread starting from 0 pip
- Commission fee of 0.003% of the transaction size
- Leverage 1:400 (1:100 for metal assets only)
MT4 Cent Account
- Trading platform: Metatrader4
- Execution: market maker/DD
- No minimum initial deposit
- Spread starting from 0.6 pip
- No commission fee
- Leverage 1:1000
cTrader NDD Account
- Trading platform: cTrader
- Execution: no dealing desk
- Minimum initial deposit: 300 USD
- Five-digit quotes
- Spread starting from 0 pip
- Commission fee of 0.003% of the transaction size
- Leverage 1:100
MT5 NDD Account
- Trading platform: Metatrader5
- Execution: no dealing desk
- Minimum initial deposit: 500 USD
- Five-digit quotes
- Spread starting from 0 pip
- Commission fee of 0.003% of the transaction size
- Leverage 1:100
PAMM Accounts
In addition to these account types, there is also a PAMM system. In the PAMM system, a number of professional traders will manage investor funds, and in return will receive a commission if the trades they make are profitable.
If you already have sufficient strategy and trading experience, you can register to become a professional trader in the FIBO PAMM system. Conversely, if you want to invest in the forex market without the hassle of trading yourself, then you can check the portfolio of professional traders at broker FIBO to choose a trader who can be asked to manage your funds.