FIBO Group Review

FIBO Group (Cyprus) allows its customers a choice of several basic types of accounts. They meet the requirements of traders at all levels of expertise and choices. Unlike most currency brokers, FIBO Group offers a selection of trading platforms: MT4, MT5, and cTrader. An MT4 account provides two options. One of them is turnover without commissions. Another one is tighter spreads with a fee of USD 3.00 for a standard part (per page).

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The FIBO Group (Cyprus) is an NDD broker offering the trade in 42 currency pairs on the Forex market. They also trade CFDs on precious metals on selected transaction platforms. It is the trade name of FIBO Group Holdings Limited. It registered as a Cypriot investment company and authorized. Cyprus Securities and Exchange Commission run them.

The Cypriot broker is a member of the International Financial Holding FIBO Group. It is one of the former members in marginal online commerce. The first holding company was founded in 1998. Today maintains offices in Vienna, Limassol, Singapore, Moscow, Munich, Kiev, and Astana.

CySEC uses a set of rules and requirements for license holders that are not as rigorous as, for example, in the UK, but provide a certain level of security.

How FIBO Group Policy Works:

The Commission requires forex brokers in Cyprus to maintain a minimum of EUR 1,000,000 as evidence of financial stability. Besides, CySEC applies a compensation system as an additional guarantee for clients' funds. Like all companies subject to the CySEC regulation, the FIBO Group (Cyprus) is a member of the Compensation Fund for Investors, which can pay compensation up to a maximum of EUR 20,000 per person.

Besides CySEC is part of MiFID's European rules, companies regulated by the Cypriot Financial Supervisory Authority can operate in all EU Member States.

The cTrader FIBO Group software package includes PC, web and mobile versions as well as cAlgo and mirror. cAlgo permits you to create trading robots and custom indicators for technical analysis using C # language. The Spotware mirror and the cmirror social trading application works with all cTrader accounts and is a Broker agnostic, which means that the trader can copy any signal provider, regardless of whether they both reside with different brokers in the cTrader ecosystem.