Fibogroup Forex Broker Review

FIBO Group Ltd was founded in the year 1998 and they also started their online trading service the very same year. They are mainly into trading of forex and CFDs. The trading platform used by them is the one of the most used and reputed platform in the forex market that is Meta Trader 4. The website offered by the company is multilingual and is very informative. It allows you to download the software and also provide a user guide. Their website very clearly states all the services that FIBO group provides to the customers and the same is available from the first page itself. This is a great feature if you compare it with its competitors in the market. They have payment options through credit/debit cards, wire transfers and Webmoney. Though the means of transfers is less the company takes all care to make the service a hassle free affair. Their customer services can be availed using call back, office, live chat, email and even can be contacted in their offices. They have the facility in which the traders can put their order through telephone also. Segregated account makes sure that the customer’s and company’s funds are handled separately by the company.

Demo account helps customers to warm up their trading skills without actually spending a penny. The company offers to its client demo account with Meta Trader 4 and Integral FX Power Trader platform for 60 days. However, for real trading they allow you to use only Meta Trader 4 as the trading platform which is the most trusted and reputed platform used in the forex market. They have 4 types of trading accounts and the minimum deposit required to open an account with them is $300 with minimum trade size as 0.01 lots. They allow scalping and the use of Expert Advisor while trading.

The company is a very old player in the forex market and the host of features that it offers to its clients has made it one of the most liked brokerage company. The reviews suggest that the feature that is most liked by them is that it is very old company and at the same time regulated. This makes it to be reliable in the eyes of many customers. The spread on EUR/USD pair is fixed to 2 pips and is liked by many traders. The trade order requires only 2 to 3 minutes to get placed as the execution of trade is very fast. Though the payment options are limited the deposit and withdrawal is hassle free and the reviews state that it takes 2 days’ time to get the money when in the their term it is clearly written that it will take 5 days.  They allow their customers to scalp while trading and are loved by many traders. Some of the disadvantages of trading with them is that their website is bit slow at times and there is some slippage when the liquidity is poor. The average rating given to the company is 5.3 out of 10.

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