FIBO Group review

Risk warning: CFDs are complex leveraged products. Leverage can magnify losses as well as gains, and you may lose money rapidly.

FIBO Group’s clearest draw is choice: Cent accounts, several spread-only or commission-based structures, and MT4, MT5 and cTrader. Cent accounts have a one-cent-equivalent opening amount, while NDD and cTrader accounts offer a different spread-and-commission trade-off. The decisive limitation is the international entity’s BVI regulation: statutory compensation available under some local regimes does not automatically cover these accounts. FIBO is therefore a more considered fit for traders who value account and platform choice over local compensation protection; the cost comparison should also include commissions and the chosen withdrawal method.

How we reviewed it: This review assesses the available account, platform, market, fee, funding and regulatory terms; it does not claim first-hand trading or withdrawal tests. See our review methodology.

FIBO Group Ltd serves international clients, excluding the UK, US and other restricted jurisdictions, under the BVI FSC regime and licence SIBA/L/13/1063. This is an offshore regulatory arrangement, so clients should not assume they receive the protections or dispute procedures available under EU or other local regimes.

Regulation and Client Protections

Segregation and negative balance protection are relevant safeguards, but neither removes trading risk or establishes that an account is covered by investor compensation.

The useful comparison is not the headline spread alone: commission-based pricing can suit traders who prefer lower listed spreads, while spread-only accounts build dealing costs into the quote. Positions held past rollover and withdrawals can add separate costs.

Spreads, Commissions and Total Trading Costs

FIBO Group lists account-level spreads from 0.0 pips on several NDD or cTrader options, but those accounts also charge commission. MT4 NDD and cTrader NDD list a commission of 0.003% of transaction notional; cTrader Zero Spread lists 0.012% of notional, with a minimum charge possibly applying. The MT4 NDD No Commission account uses a marked-up spread from 0.8 pips, while Cent accounts list variable spreads from 0.6 pips without a separate forex commission. These are account terms, not a promise of the spread available at a particular moment.

Other Trading and Non-Trading Fees

Withdrawal expenses are method-dependent: bank-wire fees and e-wallet percentage commissions can apply, so the absence of a separate platform fee does not establish the total payment cost.

For small-size practice, the MT4 Cent and MT5 Cent accounts have a one-cent-equivalent opening amount, variable spreads from 0.6 pips and no separate forex dealing commission. Their listed maximum leverage differs: up to 1:3000 on MT4 Cent and up to 1:5000 on MT5 Cent. The general 1:5000 maximum applies to Cent accounts only and falls as equity grows. Traders who prefer no separate forex commission can instead choose MT4 Fixed, with fixed spreads from 2 pips and a $50 minimum, or MT4 NDD No Commission, with variable spreads from 0.8 pips and a $50 minimum. MT4 NDD, MT5 NDD and cTrader NDD pair floating spreads from 0.0 pips with commission of 0.003% of transaction notional; each has a listed $50 minimum. cTrader Zero Spread also starts from 0.0 pips, charges 0.012% of notional with a possible minimum charge, and has a $50 minimum. Its listed maximum leverage is 1:1000 for FX and 1:400 for metals. The Islamic option follows the pricing of its underlying account, and swap or rollover charges may be replaced by administration fees.

Platform choice matters most for automated trading: desktop MT4 and MT5 run their respective EAs, while cTrader supports cBots. The web terminals allow browser-based access but do not run MetaTrader EAs or custom scripts. VPS hosting is listed, but no service terms are stated here.

Desktop, Web and Trading Platforms

The listed share, commodity and crypto products are CFDs, so they provide price exposure rather than direct ownership; stock CFDs also confer no voting rights, and commodity CFDs do not involve physical delivery. Forex is listed as leveraged FX or rolling spot. UK retail clients cannot trade the crypto derivatives.

Market analysis, an economic calendar, news, live quotes and central-bank rates provide market information, while the educational material is limited to introductory forex topics, trading terminology and basic account questions. Copy trading, social trading, API trading and VPS hosting are also listed. Market and stop orders can experience positive or negative slippage, particularly during volatile or fast markets, so execution should not be assumed to occur at the requested price.

Deposits are listed as free of broker charges, but withdrawal costs and processing times vary by method. Bank transfers have a stated broker withdrawal fee and take longer than the listed instant e-wallet and crypto deposits.

Account Opening and Identity Verification

KYC verification is required. The applicable client eligibility depends on jurisdiction; the stated international client group excludes the UK, US and other restricted jurisdictions.

Deposit and Withdrawal Methods

Customer Support

Support is listed as available 24/7 through live chat, email, phone and a call-back request. Listed support languages include English, Arabic, Chinese, Farsi, French, German, Indonesian, Italian, Malay, Polish, Portuguese, Russian, Spanish, Thai, Turkish, Ukrainian and Vietnamese. The contact email is [email protected] and the phone number is +44 (845) 09-50-118. No first-hand support test is claimed.

The profiles below show the central trade-off: the Cent accounts have a very low opening threshold and no separate forex dealing commission, whereas NDD and cTrader NDD pricing adds commission alongside spreads. The international entity’s compensation limitations are a separate constraint for traders who require local statutory protection.

FIBO Group vs Alternatives

Capitalcore

• No commission
• No overnight swap fee

Detailed Review ACY SecuritiesForex Pairs, Stocks, Commodities, Cryptocurrencies, ETFs, IndicesDetailed Review FBSFSC, CySEC, ASIC, FSCADetailed Review

Traders planning bank-transfer withdrawals should factor in the USD 35 broker fee; e-wallet withdrawals are not confirmed, so that route cannot be treated as an equivalent alternative.