FIBO Group: more about the platform
FIBO Group, short for Financial Intermarket Brokerage Online Group, is an international consortium established in 1998, pioneering the provision of online margin trading services. Headquartered in Vienna, Austria, FIBO Group also maintains offices in Limassol (Cyprus), Munich (Germany), Singapore, Shanghai, and other global locations. FIBO Group offers an extensive range of trading options and services including:
- Forex trading with 60 currency pairs, metals, CFD contracts, futures, stocks, and bonds;
- Trading platforms such as MT4, MT5, and cTrader;
- Competitive spreads and a leverage ratio of up to 1:1000;
- Trading options on cent accounts, fixed and floating spread accounts, and NDD accounts;
- No minimum deposit for cent accounts, $300 for classic and NDD accounts, and $500 for MT5 NDD accounts;
- Sharia-compliant Islamic accounts;
- PAMM services for managers and investors;
- Copy trading features in MT4 and MT5 terminals;
- Managed accounts;
- Expert analytics and forecasts from FIBO Group;
- An annual “Trader’s Triple Chase” contest with a $25,000 PAMM account prize;
- Quick deposits and withdrawals;
- 24/7 technical support;
- Forex training and daily webinars;
- An affiliate program.
Regulation of FIBO Group
FIBO Group is regulated under two broker entities: FIBO Group LTD in the British Virgin Islands, supervised by the BVIFSC (license SIBA/L/14/1063), and FIBO Group Holdings Limited in Cyprus, regulated by the CySEC (license no. 118/10) and a member of the Cyprus Investor Compensation Fund (ICF). Additionally, FIBO Group Holdings Limited is registered with the FCA in the UK (no. 532885), with BaFin in Germany (no. 124031), and operates under the European MiFID directive. Despite the absence of FCA and BaFin license scans on the official FIBO Group website, the BVIFSC and CySEC licenses are publicly displayed. FCA and BaFin licenses operate under restrictions as the company is primarily regulated in another economic zone (Cyprus), and thus are not included in FIBO Group’s rating. One of the advantages of FIBO Group is the flexibility it offers clients to choose their preferred jurisdiction through a simple selection between GLOBAL and EUROPE options at the top of their homepage. Note that changing jurisdictions may alter account types and trading conditions.
FIBO Group PAMM Service
FIBO Group’s PAMM service enables experienced traders to manage investors’ funds on a unified account, earning a fee for their services, while investors gain additional income without the need to trade themselves. To utilize this service, managers open a PAMM account with FIBO Group starting with a $300 deposit, complete a management offer, and trade as they would on a regular account. Investors select one or multiple traders demonstrating consistent trading with minimal drawdowns, invest a minimum of $100, and await the end of the investment period (minimum one week) for profit distribution among the PAMM account participants. The manager’s fee, predetermined in the offer, is a percentage of the investor’s profit and is only awarded after a profitable investment period. Profits and potential losses are distributed proportionally among the manager and investors according to their contributions. FIBO Group ensures accurate and timely calculations and guarantees that managers cannot withdraw investor funds. Investors can use the FIBO Group PAMM account ratings to select managers by profitability, drawdown, account age, or funds size.
FIBO Group Managed Accounts
FIBO Group offers managed account services where investors can entrust their funds to an experienced manager with relevant education, CySEC certifications, and trading experience. Benefits for investors working with FIBO Group’s managers include:
- Tailored cooperation terms;
- Full control over their assets;
- Options to increase investments or withdraw profits;
- Losses limited to a predetermined percentage of the deposit;
- No need to monitor the market or trade personally;
- Minimum investment requirement of $50,000.
FIBO Group proposes three managed account strategies:
- Balanced, targeting 60% annual returns with medium risk and a loss limit of 30% of the deposit;
- Aggressive, targeting 120% annual returns with high risk and a loss limit of 50% of the deposit;
- Custom, targeting 200% annual returns with variable risk and loss limits, tailored to the investor.Trading on the US Stock Market with FIBO Group
Trading on the US Stock Market with FIBO Group
FIBO Group provides access to the US stock market through the Umstel trading platform, which offers:
- Web-based access without the need for downloads or installation;
- Over 8,000 trading instruments including stocks, bonds, and ETFs;
- Direct market execution with no intermediaries;
- Competitive commission rates of $0.02 per share, with a minimum of $2;
- Technical analysis tools available;
- Real-time order book visibility;
- Leverage trading options, increasing both potential profits and risks;
- Dividend accrual on stocks;
- Access to both free and paid trading strategies from the Trading Idea community.
Innovative Trader Education by FIBO that Group
FIBO Group introduces FIBOX – a comprehensive $100 trading education package including:
- A 22-video tutorial course covering Forex market specifics, analysis methods, and capital management, with testing at the end of the course;
- Two months of post-purchase tutoring;
- A trading advisor (robot) for practical trading following the course, complete with setup instructions for profitable trading;
- A trading account with a $100 balance to apply theoretical knowledge;
- A personalized certificate from FIBO Group Academy.
- This educational package is especially recommended for Forex beginners, as it provides significant value without additional investment.
Forex Trading Contests by FIBO Group
FIBO Group hosts Forex trading contests like the annual “Trader’s Triple Chase” which offers significant cash prizes and challenges traders to demonstrate their skills across multiple stages, including demo and real accounts, culminating in a final lottery where top performers can win substantial rewards.
In conclusion, FIBO Group is a well-established, globally recognized brokerage offering diverse trading opportunities, educational resources, and financial management services. Traders can choose to work with different regulatory bodies (BVIFSC or CySEC) and participate in innovative trading and learning environments.
