MetaTrader 5 – this is the upgraded version of MetaTrader 4, and it features all trading functionality in one trading platform. There are extensive analytical opportunities available and 4 order execution types for spot metals, and currency pairs. MT4 NDD No Commission accounts allow for business activity with big-name liquidity providers. The fact that there are no fees and low spreads makes it much more beneficial to trade with this type of MetaTrader 4 account.

Trading FX or CFDs on leverage is high risk and your losses could exceed deposits. The minimum initial deposit stands at $300 on the higher side and will serve as your initial base capital in the execution of trades. https://en.forexpulse.info/ Signing up for a compensatory scheme that will come along to refund clients’ funds in case of liquidation of the company’s assets. The new version of MetaTrader equipped with advanced tools and features.

Trading Platform

There is a demo account option along with Islamic accounts. Tell our team and traders worldwide about your experience in our User Reviews tab. The market-maker type account can be opened with either fixed or variable spread regimes. At the time of writing, no bonuses and promotions are offered, as CySEC, the Cypriot regulator, has banned new bonuses and promotions. As far as we are aware, the FIBO Group has never offered bonuses or promotions, which we find refreshing as we feel this is often the mark of a more serious broker.

• Founded in 1998, FIBO Group is a CySEC-regulated, NDD broker with 2 different account types and full support for MT4.
• I would recommend this broker if you have a new strategy and you would like to test it without risking big amount of capital.
• CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

Investors’ funds are also protected by FIBO’s membership of the Investors Compensation Fund . Though FIBO is a well capitalized broker, the ICF ensures that investors have some protection if in future the broker goes bankrupt. If that happens, the ICF can pay compensations to eligible FIBO Group clients. FIBO Group has taken an insurance policy to protect itself in case of a financial crisis.

I have been trading with this broker for over a year after I switched from my old broker. I decided to go with a different broker than the one I used before. The broker I worked with looked like a company with a good reputation, but after I used it for a year, I noticed that my spreads were always wider, and it was frustrating.

Withdrawal Processing & Wait Time

Tools like calculator, calendars can be used in finding the righteous trading opportunities that align with the trading plan and financial goals of traders. At the same time, research tools are used for depicting the precise entry and exit points of trades. The minimum deposit with this broker is $50, unless for the MT4 Cent account where it’s 0 cents. The website is available in different languages including Deutsch, Polski, Українська, فارسی, Bahasa Indonesia, Italiano, Español, Português, 中文, Tiếng Việt, ภาษาไทย, Melayu, Türkçe, and Русский. FIBOGroup offers MQL language-based MetaTrader platform MT4 and MT5.

While the first account offers competitive variable spread from 0 pips you will need to pay commission per transaction, making it a great account type for various trading techniques. Fibo Group offers its clients a variety of trading accounts for their different trading strategies. Each of these accounts has different unique features to meet different clients’ needs. These accounts are the mt4 cent account, the mt4 fixed account, the mt4 NDD account, the mt4 NDD no commission account, mt5 NDD account, and the Ctrader NDD account. We are highly disappointed by the customer support offered by Fibo Group. The broker claims to render qualified customer service and support.

Fibo Group Offer Metatrader 4 And 5 For Their Trading Platforms

Some of the reviews and content we feature on this site are supported by affiliate partnerships from which this website may receive money. This may impact how, where and which companies / services we review and write about. Our team of experts https://en.forexpamm.info/ work to continually re-evaluate the reviews and information we provide on all the top Forex / CFD brokerages featured here. Our research focuses heavily on the broker’s custody of client deposits and the breadth of its client offering.

Finally, a table of current interest rates in force in the more important global economies is included, which can be useful in fundamental analysis. The company offers flexible modes of transactions and accepts modes such as credit cards, bank transfer, and automatic pay through the bitpay pay system. No commissions are charged on deposits and up to 50 dollars will be charged on withdrawals. This company provides the most widespread trading platform with graphical and advanced tools and features. This company was founded in 1998 with principle of providing transparent, secure and advanced services as well as high-tech, diverse and fast trading platforms.

Worldwide Stock Markets: Heavy Monday Losses

We are talking about the CySEC license which is very renowned on European soil. This license provides trust of traders and ensures that the company produces good results. We value transparency and openness in the way we review the partners. To bring transparency to the forefront, we have publishedour review process that includes a detailed How to Start Investing in Stocks breakdown of the FIBO Group’s offering. Central to that process is the evaluation of the reliability of the broker, the platform offering of the broker, and the trading conditions offered to clients, which are summarised in this review. Each one of these is graded, and an overall score is calculated and assigned to the broker.

Dukascopy Review

All content is posted anonymously by employees working at Fibo Group. Customer support is available 24 hours a day, Monday through Friday. To get in touch with staff, you can use LiveChat, https://en.forexrobotron.info/ phone, or email. LiveChat is the quickest way to contact an agent within business hours. If you’re interested in calling for support, there are a few numbers listed below.

Deposit Methods Forex Deposit Methods Discover which deposit methods smart forex traders use to make deposits and withdrawals in their accounts. That being said, we found both the international and European versions of the broker’s websites very easy to navigate and really quite fun. FIBO Group have enjoyed a good reputation over the years and the Futures exchange fact you can open various demo accounts means you can try everything before risking your own money. There are a good range of trading products available making it possible for most traders to find something to suit them. There are two account types designed by FIBO group, so you may choose between MT4 NDD Account or MT4 NDD No Commission Account.

Both these top rated platforms provide you with all the necessary tools and function to make your trading experience seamless and trouble free. The FIBO Group has a well-rounded and professional offering for traders looking to trade a wide range of assets, particularly Forex currency pairs and individual shares. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.

Available deposit methods include bank wire, Credit/Debit card, PaySafeCard, BitPay, Neteller, WebMoney, RegularPay, Bitcoin, Skrill, CashU, FasaPay, DixiPay, and Payz. We were happy to see so many methods available and even happier to find some of them are fee free. You will find that in addition to the fee free options, some methods do charge reasonable commission fees and a few charge higher fees. Be sure to check the specific methods you’re interested in below. With over 20 years experience and multiple awards, FIBO Group is certainly an established online broker in the forex and CFD trading industry.

Does Fibo Group Offer Mt5 Trading?

CFD options include commodities like oil and sugar, in addition to eight indices. Spot metal options include gold and silver, both of which are available for trading with low spreads. We were also happy to note that cryptocurrencies are included in the list, since this something many other brokers are missing. The cryptocurrencies offered include popular items like Bitcoin and Ethereum, just to name a few. If you’re interested in viewing all of the available assets, you can navigate to the ‘Products’ section of the website and choose a category. FIBO Group’s accounts were assessed to compare the costs to those of other forex brokers.

By testing out different types of tactics and strategies, MT4 Fixed is ideally suited to strategic trading where fundamental analysis and charting features come into play. The broker offers indeed a series of payment methods, but they also charge withdrawal fees for all methods. Bank transfers include a USD fee, while the rest ranges between 0.50% TO 2-3%. Withdrawal processing time also depends on the payment method ranging from 1 day to 10 days. Fibo Group relies on the Meta Quotes house and offers two of its great inventions. Still, both platforms operate on the same principles and offer the same exquisite trading features, with the difference that the MT5 does not support hedging.