High risk
47 out of 100 · 84% checked· Provisional
Its client terms carry high risk, with 7 critical clauses, and trading EURUSD costs about 0.4 pips all-in.
We checked FIBO Group on 2026-10-25 across its company record, client terms, trading offer and service, and could verify 84% of its record. The score of 47 is what the checked record adds up to; nothing held it down. The rating stays provisional until more of the record is verified. What would move the score: verified age, transparency, withdrawal rails. No investigation has been published yet, so complaints and reputation are unknown. Its client terms carry high risk, with 7 critical clauses. Trading EURUSD costs about 0.4 pips all-in, spread and commission together.
Score last calculated 2026/10/25
What Wikilix has recorded about FIBO Group: its history, the licences it holds, its trading conditions and its fees.
FIBO Group is a forex and CFD broker that says it has been operating since 1998. Its website names FIBO Group, Ltd., a company registered in Road Town, Tortola, British Virgin Islands, as the operating company and states that it is regulated offshore by the Financial Services Commission of the British Virgin Islands. Clients trade on MetaTrader 4, MetaTrader 5 or cTrader through eight live accounts, from cent accounts that open with 1 cent to no-dealing-desk accounts from 50 USD, and leverage is advertised up to 1:5000. The broker lists offices in San José, Costa Rica, and Almaty, Kazakhstan, and publishes its website in 16 languages.
The footer of FIBO Group's website states that FIBO Group, Ltd., registered at 2nd Floor, O'Neal Marketing Associates Building, Wickham's Cay II, P.O. Box 3174, Road Town, Tortola VG1110, British Virgin Islands, is regulated by the Financial Services Commission (FSC) of the British Virgin Islands under Investment Business Licence No. SIBA/L/13/1063. WIKILIX lists the licence for FIBO Group, Ltd. under the number SIBA/L/14/1063, one digit different from the footer's. The footer names no other regulator.
FIBO Group claims offshore regulation only. The licence it cites comes from the British Virgin Islands FSC. WIKILIX lists no licence from an onshore authority such as the UK's Financial Conduct Authority or Cyprus's CySEC.
FIBO Group's safety rests on an offshore licence claim and on client terms that give the broker wide discretion over payments. Its Regulations on Non-Trading Transactions let it suspend any transaction it considers suspicious, judged by what the document calls its subjective evaluation, until its investigation ends, with no deadline, and let it reject a withdrawal by a different method or in a different currency from the deposit without giving reasons. Claims about deposits and withdrawals must be filed within 5 business days, and the Customer Agreement accepts claims only in English. In the broker's favour, it names its operating company and registered address on every page of its site.
Each of FIBO Group's eight live accounts runs on one platform:
Islamic versions of MT4 Fixed, MT4 NDD and MT4 NDD No Commission charge no swap but take a weekly commission of 100 USD per standard lot on currencies and 200 USD on metals for positions held overnight from Wednesday to Thursday, and the broker may close an Islamic account at any time without notice and charge current and past swaps. PAMM managed accounts are available on the MT4 Fixed, MT4 NDD and MT4 NDD No Commission accounts and need at least 300 USD.
MT4 NDD and cTrader NDD charge a commission of 0.003% of the transaction amount, cTrader Zero Spread 0.012% with a minimum of 1 USD, and US stock CFDs 0.02% with a minimum of 2 USD. The broker's figures disagree in two places. For MT5 NDD, its account comparison table gives 0.005%, the account's contract specifications 0.003% on forex and metals, and its home page 20 USD per million. For MT4 Fixed, the comparison table shows a minimum spread of 1, while the account page says fixed spreads start from 2 pips.
Beyond trading costs, the Customer Agreement allows a dormant-account fee of up to 5 USD a month once an account has gone 91 days without a trade, and a daily fee of up to 200 USD when a client has not supplied requested documents within 14 days. It also lets FIBO Group introduce new charges, announced on its website 10 days in advance.
FIBO Group advertises leverage of up to 1:5000 on MT5 Cent and 1:3000 on MT4 Cent. cTrader Zero Spread offers up to 1:1000 on currency pairs, cut to 1:500 above 1 million USD of open volume, 1:200 above 5 million and 1:30 above 10 million, while the NDD accounts go up to 1:400 and MT4 Fixed up to 1:200. Crypto CFDs are limited to 1:25 on the MT4 accounts, and margin on MT4 NDD may rise from 1% to 3% (at most 1:33) over weekends and holidays.
MetaTrader 4 serves the four MT4 accounts, MetaTrader 5 serves MT5 NDD and MT5 Cent, and cTrader serves cTrader NDD and cTrader Zero Spread. Each platform is offered for Windows, macOS, Android and iOS and in the browser, as WebTerminal MT4, WebTerminal MT5 (webtrader.fibogroup.com) and cTrader Web (ct.fibogroup.com). cTrader NDD accounts come with FIX API access, and cTrader Copy, the copy-trading service, requires a live cTrader NDD account. The broker's FIBO Forex Drive app covers registration, payments and account management but does not place trades.
The lists bank wire (SEPA/SWIFT), Visa cards processed by Inwizo, Mastercard for deposits, Neteller, Skrill, TC Pay, Volet and cryptocurrency through Raidospare, plus a separate withdrawal-only crypto route. Deposits are free under the No Fee Deposit offer, which compensates bank-wire charges only up to 30 USD and only on deposits over 1,000 USD, does not cover blockchain network fees, and can be refused or reversed if the broker detects abuse.
Most withdrawals carry a fee: around 35 to 50 USD by bank wire, 6% plus 2 USD to a Visa card, 2% (at least 1 USD or EUR) to Neteller, 1% to Skrill, 3% to TC Pay, 1.5% to Volet, 0.5% in crypto and nothing to a Raidospare wallet. An answer in the broker's own FAQ says it charges no fees for depositing or withdrawing, which the funding page contradicts. The Regulations on Non-Trading Transactions allow 3 business days to process a bank withdrawal and 2 for other methods; after that, transfers take from a few minutes for Skrill and crypto to 3 to 5 business days for a wire. Money must come from, and return to, an account in the client's own name, normally by the method and in the currency of the deposit.
Customer service answers on +44 (845) 09-50-118 and at service@fibogroup.com, and the website has a live chat. The Almaty branch office has its own lines, including +7 (727) 327-28-78, and the email kz@fibogroup.com. Office hours are Monday to Friday, 10:00 to 19:00 local time in San José and 10:00 to 18:00 in Almaty. Complaints go by email or by letter to FIBO Group, Ltd. in Road Town, and the broker's Complaints Procedure promises a response within 10 working days and a maximum processing period of 3 months.
Strengths:
Limitations:
FIBO Group combines a wide platform choice and low entry deposits with a claimed offshore licence and client terms that give it broad control over withdrawals and charges. Before funding an account, weigh two points. The first is the BVI licence, whose number differs between the broker's footer and WIKILIX's listing. The second is the withdrawal fees and payment rules on its funding page and in its Regulations on Non-Trading Transactions.
FIBO Group's typical spread on EURUSD is 0.38 pips, measured on a real trading account. We read every price the broker sends and weight each spread by how long it actually held — across 10 instruments and 102.4M quotes so far.
Tap an instrument to add it to the chart. Hover the lines for the exact reading at that moment.
Above 1.50 pips the scale compresses, so one rollover window does not flatten the rest. The widest reading in view is 8.65 pips.
| Instrument | TypicalThe average spread, weighted by how long each one actually held rather than by how many quotes were sent. Read every 10 minutes. | UsualThe median: half the readings were tighter than this, half were wider. | Bad momentsThe 95th percentile — one reading in twenty was worse than this. | BestThe tightest reading recorded. | WorstThe widest reading recorded. Spreads usually widen at the daily rollover and around news. | QuotesHow many individual price updates from the broker these figures are built from. A bigger number means a steadier measurement. |
|---|---|---|---|---|---|---|
| EURUSDEURUSD | 0.38 pips | 0.38 | 0.49The 95th percentile — one reading in twenty was worse than this. Widest at Sep 4, 12:30 UTC. | 0.10Tightest at Oct 28, 17:00 UTC. | 37.1Widest at Sep 4, 12:30 UTC. | 5.5MFrom 7482 ten-minute windows that passed the completeness check. |
| GBPUSDGBPUSD | 0.86 pips | 0.86 | 1.06The 95th percentile — one reading in twenty was worse than this. Widest at Oct 22, 21:00 UTC. | 0.10Tightest at Oct 8, 16:20 UTC. | 50.9Widest at Oct 22, 21:00 UTC. | 9.6MFrom 7443 ten-minute windows that passed the completeness check. |
| USDJPYUSDJPY | 1.09 pips | 1.08 | 1.29The 95th percentile — one reading in twenty was worse than this. Widest at Sep 9, 21:00 UTC. | 0.10Tightest at Sep 3, 10:40 UTC. | 51.6Widest at Sep 9, 21:00 UTC. | 11.8MFrom 7300 ten-minute windows that passed the completeness check. |
| USDCHFUSDCHF | 0.90 pips | 0.90 | 1.03The 95th percentile — one reading in twenty was worse than this. Widest at Oct 22, 21:00 UTC. | 0.10Tightest at Oct 18, 14:10 UTC. | 53.8Widest at Oct 22, 21:00 UTC. | 5.2MFrom 7477 ten-minute windows that passed the completeness check. |
| USDCADUSDCAD | 0.74 pips | 0.75 | 0.91The 95th percentile — one reading in twenty was worse than this. Widest at Oct 7, 21:00 UTC. | 0.10Tightest at Sep 1, 20:10 UTC. | 31.1Widest at Oct 7, 21:00 UTC. | 6MFrom 7454 ten-minute windows that passed the completeness check. |
| AUDUSDAUDUSD | 0.66 pips | 0.65 | 0.80The 95th percentile — one reading in twenty was worse than this. Widest at Sep 30, 21:00 UTC. | 0.10Tightest at Sep 11, 14:40 UTC. | 92.5Widest at Sep 30, 21:00 UTC. | 4.4MFrom 7460 ten-minute windows that passed the completeness check. |
| NZDUSDNZDUSD | 0.65 pips | 0.65 | 0.80The 95th percentile — one reading in twenty was worse than this. Widest at Sep 7, 21:00 UTC. | 0.10Tightest at Sep 3, 07:20 UTC. | 47.0Widest at Sep 7, 21:00 UTC. | 4.5MFrom 6470 ten-minute windows that passed the completeness check. |
| EURGBPEURGBP | 0.74 pips | 0.74 | 0.91The 95th percentile — one reading in twenty was worse than this. Widest at Sep 9, 21:00 UTC. | 0.10Tightest at Sep 2, 12:40 UTC. | 33.2Widest at Sep 9, 21:00 UTC. | 6.4MFrom 7481 ten-minute windows that passed the completeness check. |
| EURJPYEURJPY | 1.55 pips | 1.52 | 1.86The 95th percentile — one reading in twenty was worse than this. Widest at Sep 13, 21:10 UTC. | 0.10Tightest at Oct 6, 08:20 UTC. | 73.2Widest at Sep 13, 21:10 UTC. | 16.6MFrom 7140 ten-minute windows that passed the completeness check. |
| XAUUSDXAUUSD | 58.2 points | 58.3 | 67.9The 95th percentile — one reading in twenty was worse than this. Widest at Sep 28, 22:00 UTC. | 1.00Tightest at Oct 14, 12:50 UTC. | 4060.0Widest at Sep 28, 22:00 UTC. | 32.4MFrom 5346 ten-minute windows that passed the completeness check. |
8 full-page captures of FIBO Group's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for FIBO Group. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for FIBO Group. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
9 account types on record. Minimum deposit from USD 50. Leverage up to 1:5000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| MT4 CentCent | Not recorded | 1:3000 | No commission |
| MT4 FixedStandard | USD 50 | 1:200 | No commission |
| MT4 NDDRaw Spread · ECN | USD 50 | 1:400 | 0.003% of the transaction amount |
| MT4 NDD No CommissionSTP · ECN | USD 50 | 1:400 | No commission |
| MT5 NDDRaw Spread · ECN | USD 50 | 1:400 | 0.005% of the transaction amount (comparison table); MT5 NDD contract specifications list 0.003% on forex and metals, 0.15% (min 1 USD) on crypto, 0.02% (min 2 USD) on US stocks; home page says 20 USD per million |
| MT5 CentCent | Not recorded | 1:5000 | No commission |
| cTrader NDDRaw Spread · ECN | USD 50 | 1:400 | 0.003% of the transaction amount |
| cTrader Zero SpreadZero Spread · ECN | USD 50 | 1:1000 | 0.012% of the transaction amount, minimum 1 USD |
| Islamic AccountIslamic · Swap-Free | Not recorded | Not recorded | No swap; a weekly commission of 100 USD per standard lot on currencies and 200 USD on metals (crypto and US stocks per the broker's table), charged on positions open overnight Wednesday to Thursday |
Where FIBO Group says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Covered by a parent block
Territories a blocked country carries with it
Explicitly accepted
Named as accepted — not a full list of served markets
9 ways to fund an account. 6 with no deposit fee.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Wire transfer (SEPA / SWIFT)Wire TransferFunding page, Banks section: one channel with the SEPA/SWIFT logo, named 'Wire transfers' (deposit) and 'Wire transfer' (withdrawal); EUR and USD in both directions. Deposit: fee shown as 0% with footnote 1: 'For bank transfer deposits, we compensate up to 30 USD in bank fees for deposits over 1,000 USD', so bank charges on smaller deposits, and above 30 USD, are not covered; processing 'Transfers are normally processed within 2-5 days'. Withdrawal: fee 'Around 35-50 USD' (shown as 50, the top of the stated range); transfer time '3-5 business days'. Stored time is the longest stated (5 days). Regulations on Non-Trading (Financial) Transactions (August 2025): deposits are credited no later than the next business day after the money reaches FIBO's account (3.8.1); a bank withdrawal instruction is processed within 3 business days of receipt, excluding that day (4.6); transfers must come from and go to an account in the client's own name (3.2.1, 4.7.1); the costs of the transfer method are the client's (3.3, 4.4; Customer Agreement 5.5); a bank transfer that has not arrived after 5 banking days can be investigated, at the client's cost (3.10, 4.11, 4.13). Withdrawals are expected by the same method and in the same currency as the deposit, and FIBO may reject another method or currency without giving reasons (4.9). FAQ: FIBO says it charges no fees of its own and that the payment processor's charges are deducted. | Not recorded | USD 50 | Not recorded | Not recordedNot recorded | Up to 5 days |
Visa (Inwizo)Credit CardFunding page, Credit card section: the row carries the Visa logo and the name 'Inwizo' in the page markup. Deposit: USD, fee 0%, credited 'Automatically upon receipt of funds'. Withdrawal: USD, fee '6% + 2 USD' (shown as 6%; the 2 USD is charged on top), transfer time 'As soon as the withdrawal request is processed'. Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8), not the time the money takes to arrive. The 0% deposit fee is FIBO's 'No Fee Deposit' promotion: FIBO refunds the payment system's fee at the time of deposit (the page's example: a 6% fee, 60 USD on 1,000 USD, refunded) and 'reserves the right not to compensate payment system fees or to cancel any previously compensated fees in case of detected abuses'; Regulations 3.3 put the costs of the deposit method on the client, with any refund at FIBO's discretion. The card must be held by the client (3.2.3, 3.2.5). FAQ: an account funded by card is withdrawn to the same card, and payments from or to third parties are not possible. Card payments made after the end of the business day on Friday are credited within the following business day (3.8.1). FAQ ('What do you charge...'): FIBO says it charges no fees of its own and the processor's charges are deducted; the funding page does not say who charges the 6% + 2 USD. | Free | 6% | Not recorded | Not recordedNot recorded | Up to 2 days |
MastercardCredit CardFunding page, Credit card section: listed for deposits only. The withdrawal tab shows a single card row, carrying the Visa logo (Inwizo), and no Mastercard row. Deposit: USD or EUR, fee 0% under the 'No Fee Deposit' promotion (FIBO refunds the payment system's fee; the refund may be refused or reversed on detected abuse; Regulations on Non-Trading Transactions 3.3 put the costs of the deposit method on the client), credited 'Automatically upon receipt of funds'. Stored time: 1 business day, from Regulations 3.8.1 (deposits credited no later than the next business day after the money arrives; VISA and MasterCard payments made after the end of the business day on Friday are credited within the following business day). FAQ: an account funded by card is withdrawn to the same card; the card must be held by the client (3.2.3, 3.2.5). | Free | Not recorded | Not recorded | Not recordedNot recorded | Up to 1 day |
NetellerE-WalletFunding page, Payment systems and online payments section ('Sending money via NETELLER' / 'Withdrawal to NETELLER account'). Deposit: EUR or USD, fee 0%, 'Automatically upon receipt of funds'. Withdrawal: USD or EUR, fee '2%, but not less than 1 USD/EUR', transfer time 'Within 2 business days, excluding the day the application was submitted'. The 0% deposit fee is the 'No Fee Deposit' promotion (FIBO refunds the payment system's fee; may be refused or reversed on detected abuse; Regulations on Non-Trading Transactions 3.3 put the costs of the deposit method on the client). Regulations: the e-wallet must be in the client's name (3.2.2, 4.7.1); withdrawals go only to the wallet the deposit came from, or another wallet of the same system in the client's name (4.7.2); another method or currency may be rejected without reasons (4.9); non-bank withdrawals are processed within 2 business days (4.6, 4.8). FAQ ('What do you charge...'): FIBO says it charges no fees of its own and the processor's charges are deducted. | Free | 2% | Not recorded | Not recordedNot recorded | Up to 2 days |
SkrillE-WalletFunding page, Payment systems and online payments section ('Sending money by Skrill (FSA/UK)' / 'Withdrawal to Skrill account'). Deposit: USD, fee 0%, 'Automatically upon receipt of funds or inside office hours'. Withdrawal: USD, fee 1%, transfer time 'Within several minutes after the withdrawal application is completed'. Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8), not the time the money takes to arrive. No Fee Deposit and same-wallet conditions as for Neteller (Regulations 3.2.2, 3.3, 4.7.2, 4.9). FAQ ('What do you charge...'): FIBO says it charges no fees of its own and the processor's charges are deducted. | Free | 1% | Not recorded | Not recordedNot recorded | Up to 2 days |
TC PayE-WalletFunding page, Payment systems and online payments section ('TC Pay'). Deposit: USD, fee 0%, 'Automatically upon receipt of funds'. Withdrawal: USD, fee 3%, transfer time 'As soon as the withdrawal request is processed.' Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8). No Fee Deposit and same-wallet conditions as for Neteller (Regulations 3.2.2, 3.3, 4.7.2, 4.9). | Free | 3% | Not recorded | Not recordedNot recorded | Up to 2 days |
VoletE-WalletFunding page, Payment systems and online payments section ('VOLET'). Deposit: EUR, USD, VND or KZT, fee 0%, 'Automatically upon receipt of funds'. Withdrawal: USD, EUR, VND or KZT, fee 1.5%, transfer time 'As soon as the withdrawal request is processed.' Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8). No Fee Deposit and same-wallet conditions as for Neteller (Regulations 3.2.2, 3.3, 4.7.2, 4.9). | Free | 1.5% | Not recorded | Not recordedNot recorded | Up to 2 days |
Cryptocurrency (Raidospare)CryptocurrencyFunding page, Cryptocurrency section. Deposit ('Deposit via Raidospare'): BTC, ETH, USDT (TRC20), TRX, USDT (ERC20), USDT (BEP20); fee 'Network fee' with footnote 2: 'For cryptocurrency deposits, the blockchain network transaction fee is not covered by the company', so the No Fee Deposit refund does not apply to it; processing 'Once the payment cleared'. Withdrawal ('Withdrawal to a Raidospare wallet'): BTC, ETH, USDT (TRC20), USDT (ERC20), USDT (BEP20), TRX; fee 0%; transfer time 'Within several minutes after the withdrawal application is completed'. Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8). Withdrawals by another method or in another currency than the deposit may be rejected without reasons (4.9). A second, withdrawal-only crypto route is listed separately ('Withdrawal of funds in crypto', 0.5%). | Not recorded | Free | Not recorded | Not recordedNot recorded | Up to 2 days |
Withdrawal of funds in cryptoCryptocurrencyFunding page, Cryptocurrency section, withdrawal tab only ('Withdrawal of funds in crypto'): BTC, ETH, USDT (ERC20), TRX; fee 0.5%; transfer time 'Within several minutes, up to several hours'. Withdrawal only: the deposit tab has no row of this name (crypto deposits go through Raidospare). Stored time is the 2 business days the Regulations on Non-Trading Transactions allow FIBO to process a non-bank withdrawal (4.6, 4.8). Withdrawals by another method or currency than the deposit may be rejected without reasons (4.9). | Not recorded | 0.5% | Not recorded | Not recordedNot recorded | Up to 2 days |
3 trading platforms on record: MetaTrader 4, MetaTrader 5 and cTrader.
For the MT4 Cent, MT4 Fixed, MT4 NDD and MT4 NDD No Commission accounts: Windows and macOS downloads, MT4 Multi Terminal, Android and iPhone/iPad apps, plus WebTerminal MT4 in the browser.
For the MT5 NDD and MT5 Cent accounts: Windows and macOS downloads, Android and iPhone/iPad apps, plus WebTerminal MT5 in the browser (webtrader.fibogroup.com).
For the cTrader NDD and cTrader Zero Spread accounts: Windows and Mac downloads, cTrader Web (ct.fibogroup.com), FIBO cTrader apps for Android and iOS, cTrader Copy copy trading and FIX API access.
24 domains on record. All active and served over HTTPS.
One legal entity behind the FIBO Group brand.
FIBO Group names FIBO Group, Ltd. as the operating company. We could not confirm that registration on the registry.
3 other brokers on the record share what FIBO Group offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about FIBO Group
Yes. PAMM managed accounts are available on MT4 Fixed, MT4 NDD and MT4 NDD No Commission and need a minimum deposit of 300 USD, and cTrader clients can copy strategies through cTrader Copy, which requires a live cTrader NDD account. Strategy providers on cTrader Copy may charge a management fee, a performance fee or a volume fee.
It can: FIBO Group's Customer Agreement allows a dormant-account fee of up to 5 USD a month once an account has gone 91 days without a trade. The same agreement allows a daily fee of up to 200 USD if a client has not supplied requested documents within 14 days, and lets the broker introduce new charges, announced on its website 10 days in advance.
Complaints go to FIBO Group's customer service by email at service@fibogroup.com or by letter to FIBO Group, Ltd. in Road Town, Tortola, and its Complaints Procedure promises a response within 10 working days, with a maximum processing period of 3 months. Claims about deposits and withdrawals must be filed within 5 business days through the feedback form in the Client Area, and the Customer Agreement accepts claims only in English.
FIBO Group's website names FIBO Group, Ltd. as its operating company, registered at 2nd Floor, O'Neal Marketing Associates Building, Wickham's Cay II, Road Town, Tortola, British Virgin Islands. The broker says it has operated since 1998, and it lists offices in San José, Costa Rica, and Almaty, Kazakhstan, where it runs a branch office of FIBO Group, Ltd.
FIBO Group's Customer Agreement excludes residents of Australia, Belgium, the British Virgin Islands, Costa Rica, the United Kingdom, North Korea and the United States, and Russian residents registering through its Russian-language website. Its Client Acceptance Policy gives a shorter list without Costa Rica and the British Virgin Islands, and the website footer names only the United Kingdom, North Korea and the United States.
Yes. FIBO Group offers Islamic versions of MT4 Fixed, MT4 NDD and MT4 NDD No Commission that charge no swap. Instead, positions held overnight from Wednesday to Thursday pay a weekly commission of 100 USD per standard lot on currencies and 200 USD on metals. The broker reserves the right to close an Islamic account at any time without notice and to charge current and past swaps.
FIBO Group's Regulations on Non-Trading Transactions give it up to 3 business days to process a bank withdrawal and 2 business days for other methods, not counting the day the request arrives. Once processed, the funding page quotes transfer times from several minutes for Skrill and Raidospare to 3 to 5 business days for bank wires. Withdrawals normally go back by the deposit method and in the deposit currency, and FIBO Group may reject another method or currency without giving reasons. The same regulations let it hold a transaction it considers suspicious until its investigation ends, with no deadline.
Yes, according to FIBO Group's funding page, although an answer in its own FAQ says it charges no fees for depositing or withdrawing. The funding page lists around 35 to 50 USD for a bank wire, 6% plus 2 USD for a Visa card, 2% (at least 1 USD or EUR) for Neteller, 1% for Skrill, 3% for TC Pay, 1.5% for Volet, 0.5% for crypto and nothing to a Raidospare wallet. Deposits, by contrast, are free under its No Fee Deposit offer.
MT4 Cent, MT5 Cent, MT4 Fixed and MT4 NDD No Commission charge no commission, while MT4 NDD and cTrader NDD charge 0.003% of the transaction amount and cTrader Zero Spread 0.012% with a minimum of 1 USD. For MT5 NDD the broker gives three figures: 0.005% in its account comparison table, 0.003% on forex and metals in the account's contract specifications, and 20 USD per million on its home page. On MT4 Fixed, the comparison table shows a minimum spread of 1, while the account page says fixed spreads start from 2 pips.
FIBO Group offers eight live accounts: MT4 Cent, MT4 Fixed, MT4 NDD and MT4 NDD No Commission on MetaTrader 4, MT5 NDD and MT5 Cent on MetaTrader 5, and cTrader NDD and cTrader Zero Spread on cTrader. MT4 Fixed is a market-maker account with fixed spreads and instant execution, while the other accounts use no-dealing-desk execution. Islamic (swap-free) versions are available for MT4 Fixed, MT4 NDD and MT4 NDD No Commission.
FIBO Group's MT4 Cent and MT5 Cent accounts can be opened with a deposit from 1 cent, and every other live account, including MT5 NDD, needs at least 50 USD. A PAMM managed account needs at least 300 USD. The broker's account comparison table prints the cent accounts' minimum as 0 cents, while their account cards say from 1 cent.
FIBO Group's customer service answers on +44 (845) 09-50-118 and at service@fibogroup.com, and its website has a live chat. The broker also lists an Almaty branch office in Kazakhstan, on +7 (727) 327-28-78 and kz@fibogroup.com, and an office in San José, Costa Rica. Office hours are Monday to Friday, 10:00 to 19:00 local time in San José and 10:00 to 18:00 in Almaty, and the site gives no separate hours for the chat.
FIBO Group's funding page lists bank wire (SEPA/SWIFT), Visa cards processed by Inwizo, Mastercard for deposits, Neteller, Skrill, TC Pay, Volet and cryptocurrency (BTC, ETH, USDT and TRX through Raidospare, plus a separate crypto withdrawal route). Deposits are free under its No Fee Deposit offer, which compensates bank-wire charges only up to 30 USD on deposits over 1,000 USD and does not cover blockchain network fees. The methods available depend on the client's country and are shown in the Client Area.
FIBO Group advertises leverage of up to 1:5000 on its MT5 Cent account and up to 1:3000 on MT4 Cent. Its other accounts go lower: up to 1:1000 on cTrader Zero Spread, cut in steps as open volume grows to 1:30 above 10 million USD, 1:400 on the NDD accounts and 1:200 on MT4 Fixed. Crypto CFDs are limited to 1:25 on the MT4 accounts, and margin on MT4 NDD may rise from 1% to 3% (at most 1:33) over weekends and holidays.
FIBO Group says it is regulated offshore: its website footer states that FIBO Group, Ltd. of Road Town, Tortola, is regulated by the Financial Services Commission (FSC) of the British Virgin Islands under Investment Business Licence No. SIBA/L/13/1063. WIKILIX lists the licence under the number SIBA/L/14/1063, one digit different from the footer. The footer names no other regulator, and WIKILIX lists no UK or Cyprus licence.
FIBO Group offers MetaTrader 4, MetaTrader 5 and cTrader, each for Windows, macOS, Android and iOS and in the browser (WebTerminal MT4, WebTerminal MT5 at webtrader.fibogroup.com and cTrader Web at ct.fibogroup.com). The platform follows the account: the four MT4 accounts run on MetaTrader 4, MT5 NDD and MT5 Cent on MetaTrader 5, and cTrader NDD and cTrader Zero Spread on cTrader, which adds cTrader Copy and FIX API access. The FIBO Forex Drive app manages the account and payments but does not place trades.
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