FIBO Group has been round since 1998, making it one of many older names in retail foreign exchange. Headquartered in Costa Rica and Kazakhstan, it gives a variety of account sorts throughout MT4, MT5, and cTrader platforms — with a i cent minimal deposit and leverage as much as 1:1000. On paper, that sounds interesting. However after testing the dealer’s stay spreads, execution speeds, and digging into its regulatory standing, the image will get extra nuanced.
The dealer holds FSC regulation, which is a lower-tier offshore license, however my stay unfold knowledge reveals that prices on main pairs like EUR/USD are literally aggressive, averaging 0.9 pips (all-in). Nevertheless, execution speeds on MT5 (240ms) and excessive gold spreads hold the rating balanced. I’m giving FIBO Group a last score of 2.8/5. On this assessment, I’ll stroll you thru precisely what I discovered throughout spreads, swaps, execution, regulation, and actual buyer suggestions so you may make an knowledgeable choice.
Tier-1 Regulation
We confirm each license towards official authorities registers (FCA, ASIC, CySEC).
Actual-Time Spreads
Scores are primarily based on 7-day common spreads + commissions from our stay API.
Swap Evaluation
We calculate lengthy/brief holding prices for five main forex pairs.
Execution Pace
We prioritize brokers with verified MT4/MT5 execution benchmarks.
| Workplace | Costa Rica (San José), Almaty (Kazakhstan) |
|---|---|
| Basis Yr | 1998 |
| Regulation | FSC |
| Banned International locations | U.S, UK, Australia, Belgium, North Korea |
| Cost Strategies | Financial institution Wire Switch, Credit score/Debit playing cards (Visa, Mastercard), Skrill, Neteller, WebMoney, Qiwi, Cryptocurrencies |
| Min Deposit | 1 cent |
| Max Leverage | 1:1000 (1:5000 for cent accounts) |
| Min / Max Lot | 0.0001 / 100 |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Devices | FOREX, Metals, US Shares, Crypto |
| Inactivity Payment | None |
| Execution Pace | MT4: 130.0 ms | MT5: 240.0 ms |
| Methods Allowed | Scalping: Sure | Hedging: Sure | EA: Sure |
| Buyer Help | 24/5 |
| Demo / Islamic Account | Demo: Sure | Islamic: Sure |
| Withdrawal Time | As much as 3 days |
- Aggressive EUR/USD spreads (~0.90 pips all-in on NDD)
- Vast platform selection (MT4, MT5, cTrader, WebTerminal)
- Cent or Nano lot account (min 0.0001 lot dimension)
- Tier-3 FSC Mauritius regulation (weaker oversight)
- Slower MT5 execution (240ms vs 130ms on MT4)
- Excessive XAU/USD spreads
FIBO Group Account Sorts
FIBO Group gives one of the crucial various account lineups I’ve seen, spanning MT4, MT5, and cTrader environments. Right here’s how the primary account sorts evaluate:
| Characteristic | MT4 Cent | MT4 Mounted | MT4 NDD | MT4 NDD No Fee | MT5 NDD | MT5 Cent | cTrader NDD | cTrader Zero Unfold |
|---|---|---|---|---|---|---|---|---|
| Execution Kind | Market | Mounted | NDD/STP | NDD/STP | NDD/STP | Market | NDD/STP | NDD/STP |
| Cease Stage | Variable | Mounted | Variable | Variable | Variable | Variable | Variable | Variable |
| Requote/Slippage | Doable | Doable | Low | Low | Low | Doable | Low | Low |
| Unfold Kind | Variable | Mounted | Variable | Variable | Variable | Variable | Variable | Close to-zero |
| Min Deposit | 1 cent | $50 | $50 | $50 | $50 | 1 cent | $50 | $50 |
| Fee | None | None | $6 | None | $6 | None | $6 | $24 |
| Max Leverage | 1:3000 | 1:200 | 1:400 | 1:400 | 1:400 | 1:5000 | 1:400 | 1:1000 |
| Min Lot | 0.0001 | 0.01 | 0.01 | 0.01 | 0.01 | 0.0001 | 0.01 | 0.01 |
| Platform | MT4 | MT4 | MT4 | MT4 | MT5 | MT5 | cTrader | cTrader |
| Finest For | Newcomers | Newcomers | Intermediate | Price-conscious | Intermediate | Newcomers | Superior | execution-focused merchants |
Just a few issues stand out right here. The MT4 Cent account is genuinely beginner-friendly — you’ll be able to commerce micro-lots with as little as 1 cent, which is beneficial for studying with out severe monetary publicity. FIBO Group is definitely one among few brokers with nano lot. The cTrader Zero Unfold account targets execution-focused merchants preferring secure uncooked spreads and clear commission-based pricing.
The MT4 NDD account is especially noteworthy. In contrast to “Mounted” accounts the place the fee is baked right into a wider unfold, the NDD account makes use of a raw-spread-plus-commission mannequin. Whereas there’s a per-lot fee to account for, my stay knowledge confirms that the whole “all-in” price stays very environment friendly, a minimum of for main foreign exchange pairs, averaging 0.9 pips on EUR/USD. This makes it a robust contender for merchants who need the transparency of NDD execution and are on the lookout for aggressive pricing on main pairs. Moreover, Islamic Account choices can be found throughout the board for swap-free buying and selling.
FIBO Group Spreads and Commissions
I take advantage of a proprietary subtle system that we at Offbeat Foreign exchange have developed to assemble dealer spreads from stay accounts (not demo) to make sure our knowledge relies on actual, unbiased data — not the brokers’ marketed charges. For extra particulars on our methodology, see our low unfold dealer article.
I pulled stay unfold knowledge from FIBO Group’s ECN account (their NDD account kind) over a 7-day interval, and the numbers are genuinely aggressive — particularly for EUR/USD.
The desk beneath shows stay spreads from FIBO Group for chosen buying and selling pairs. It’s price noting that the figures beneath embrace fee, so what you see is your true all-in price per commerce.
FIBO GROUP Spreads (MT4 NDD)
Loading dealer knowledge… •
13 brokers • 34,212 knowledge factors analyzed
Foreign money Pair: EURUSD
| Foreign exchange Dealer | Account Kind | Common Unfold (pips) | Minimal Unfold (pips) | Most Unfold (pips) | Actions | |
|---|---|---|---|---|---|---|
 |
FIBOGroup |
MT4 NDD |
1.20 |
0.60 |
11.40 |
The spreads and commissions for the buying and selling pairs are primarily based on a stay FIBO GROUP MT4 NDD account.
The EUR/USD common of 0.90 pips is a standout determine. For a dealer that doesn’t cost separate deposit or withdrawal charges, getting sub-1-pip all-in price on the world’s most traded pair is an actual benefit. GBP/USD can be strong — sitting comfortably within the “low” class.
The place prices climb is on the yen crosses and gold. These mirror the broader interbank spreads typical of JPY pairs, and XAU/USD. When you commerce gold closely, issue that in — but when your major focus is EUR/USD or GBP/USD, FIBO Group’s price construction holds up effectively towards the competitors.
Try greatest brokers for scalping if you happen to search for brokers with low buying and selling prices.
FIBO Group Swap Charges
I collect swap charges from brokers each day utilizing our superior monitoring system that we at Offbeat Foreign exchange have developed, making certain our knowledge is at all times up-to-date and unbiased.
FIBO Group’s swap charges are available in at a mean SES (Swap Effectivity Rating) of round 44–49, which locations them within the “common” vary. Right here’s the breakdown:
| Pair | SES | Lengthy (pips/evening) | Quick (pips/evening) |
|---|---|---|---|
| EUR/USD | 48.67 | -0.82 | +0.27 |
| GBP/USD | 48.73 | -0.27 | -0.24 |
| EUR/JPY | 42.22 | -0.79 | -2.49 |
| GBP/JPY | 41.77 | -0.09 | -3.59 |
| XAU/USD | 43.00 | -7.00 | +3.00 |
Word: The desk above is a pattern of the dealer swap charges and doesn’t show stay knowledge. For each day swap charges, please discuss with the Swap Monitoring Instrument.
The EUR/USD and GBP/USD swap charges are comparatively delicate, significantly on the lengthy facet — EUR/USD lengthy at -0.82 pips/evening and GBP/USD lengthy at simply -0.27 pips/evening are manageable for swing merchants holding positions just a few days. The brief facet on GBP/JPY (-3.59 pips/evening) is punishing, although, which is able to concern anybody operating carry trades or holding brief JPY crosses in a single day. Gold swaps at -7.0 pips/evening lengthy are on the heavier facet and can eat into earnings for longer-term gold positions.
The general swap score of 3.92/5 displays the truth that whereas some pairs are workable, the JPY cross shorts and gold longs make FIBO Group a combined bag for place merchants. When you’re a swing dealer centered totally on EUR/USD or GBP/USD longs, the in a single day prices are bearable. For something involving JPY shorts or gold longs held multi-day, I’d look elsewhere.
FIBO Group Execution Pace
I measured execution speeds utilizing proprietary MT4 and MT5 EAs that I developed particularly for this goal. For detailed methodology and outcomes, see our execution velocity article.
My testing recorded:
- MT4 execution velocity: 130.0 ms
- MT5 execution velocity: 240.0 ms
The MT4 results of 130ms within reason aggressive — not the quickest I’ve examined (some ECN brokers hit 50–80ms), however effectively inside a suitable vary for many buying and selling methods together with moderate-frequency scalping. The MT5 results of 240ms is noticeably slower and represents a significant hole between the 2 platforms. If execution velocity issues to your technique, MT4 is clearly the higher selection at FIBO Group.
The execution score sits at 2.5/5, which displays the truth that whereas MT4 efficiency is appropriate, the MT5 lag brings the general rating down. FIBO Group markets itself on “institutional-grade execution,” however 240ms on MT5 doesn’t fairly stay as much as that declare. I’d wish to see each platforms constantly underneath 100ms earlier than calling it institutional-grade.
FIBO Group Buyer Opinions and Scores
Buyer critiques are an necessary a part of evaluating a foreign exchange dealer as a result of they mirror actual buying and selling experiences with the dealer’s reliability, pricing, and total service. Nevertheless, foreign exchange merchants are sometimes extra crucial than typical shoppers because of the monetary dangers concerned, emotional reactions to losses, and excessive expectations for execution and buying and selling situations.
In consequence, dealer rankings within the foreign exchange business are usually decrease than in most different industries. A score above 3.5 stars is often thought of strong, whereas something above 4.0 is considered as glorious.
We at Offbeat Foreign exchange have developed a complete monitoring system that tracks buyer critiques throughout a number of platforms each day, together with Trustpilot, Foreign exchange Peace Military, WikiFX, and some different buyer assessment web sites. This permits us to give you up-to-date, correct assessments of FIBO Group, Ltd’s popularity primarily based on actual dealer experiences.
Trustpilot: 2.5/5
Foreign exchange Peace Military: 2.0/5
WikiFX: 3.6/5
Mixed buyer score: 2.7/5
The mixed buyer score of 2.7/5 is beneath the business norm of three.5, which is a significant sign. The Foreign exchange Peace Military rating of two.0/5 is especially regarding — FPA tends to draw merchants who’ve had direct disputes or withdrawal points, so a low rating there typically displays operational issues relatively than simply common dissatisfaction. WikiFX’s 3.6/5 is the outlier right here and sits within the “regular” vary, suggesting the dealer isn’t universally disliked, however the low scores on the opposite platforms pull the typical down significantly. For a dealer that has been working since 1998, a mixed score of two.7/5 means that longevity hasn’t translated into constantly robust shopper service. I’d deal with this as a yellow flag, particularly for merchants who prioritize responsive assist and easy withdrawals.
FIBO Group Regulation and Security
FIBO Group holds regulation from the FSC (Monetary Providers Fee). It’s necessary to know what this implies in follow.
The FSC is an offshore, lower-tier regulator — on this case, related to jurisdictions that don’t impose the identical capital necessities, shopper fund segregation guidelines, or investor compensation schemes as Tier-1 regulators just like the FCA (UK), ASIC (Australia), or CySEC (EU). Brokers regulated by offshore FSC entities can function with significantly much less oversight than these underneath Tier-1 licenses.
The regulation score is 2.5/5 (rating: 50/100), which displays this offshore standing. It doesn’t imply FIBO Group is a rip-off — the dealer has been working since 1998, which is a protracted monitor file — nevertheless it does imply that you probably have a dispute over funds, your authorized recourse is considerably extra restricted than it might be with a Tier-1 regulated dealer.
Key security issues:
- No Tier-1 regulation — no FCA, ASIC, or CySEC oversight
- No investor compensation scheme — your funds aren’t protected as much as a government-backed restrict
- Lengthy working historical past (since 1998) — gives some reputational confidence
- Headquarters in Costa Rica and Kazakhstan — neither jurisdiction is a significant monetary regulatory hub
For merchants depositing important capital, the regulatory setup here’s a real danger issue. I’d suggest holding place sizes conservative and never depositing greater than you’ll be able to afford to have locked up in a dispute state of affairs.
Conclusion
After going by FIBO Group’s full providing — regulation, spreads, execution, charges, and platform assist — right here’s the place I land.
The vivid spots are actual: sub-1-pip EUR/USD spreads on the NDD account, zero deposit and withdrawal charges, a large platform choice together with MT4, MT5, and cTrader, and assist for scalping, hedging, and EAs. For merchants who prioritize price effectivity on main pairs, these are significant benefits.
That mentioned, the total image is combined. The FSC regulation (Mauritius) is a tier-3 jurisdiction — it gives a fundamental regulatory framework, nevertheless it doesn’t carry the burden of FCA, ASIC, or CySEC oversight. That’s the one greatest concern I’d flag for any dealer contemplating this dealer, significantly these in jurisdictions the place stronger-regulated options are accessible. The execution velocity on MT5 at 240ms can be noticeably slower than MT4’s 130ms — if you happen to’re operating latency-sensitive methods, keep on with the MT4 atmosphere right here.
The swap charges are common throughout the board, and buyer assessment knowledge is skinny, which makes it tougher to gauge real-world withdrawal and assist experiences at scale.
My take: FIBO Group is a viable possibility for cost-conscious retail merchants centered on EUR/USD and GBP/USD who can settle for FSC-level regulation. It’s not a dealer I’d suggest to merchants who want tier-1 regulatory safety or who commerce gold and JPY crosses often. General I feel 2.8/5 is a good rating for this dealer.
Steadily Requested Questions
FIBO Group fees no deposit or withdrawal charges. 100% of transferred quantities are credited to the account, no matter fee technique. Withdrawals are sometimes processed inside as much as 2 enterprise days.
No, FIBO Group doesn’t cost an inactivity charge. Dormant accounts aren’t penalized.
FIBO Group gives aggressive EUR/USD pricing on NDD accounts, zero funding charges, broad platform assist, and permits scalping and EAs. It additionally gives cent accounts appropriate for smaller merchants. Nevertheless, its FSC Mauritius regulation is offshore and gives weaker investor safety in comparison with Tier-1 regulators. Buying and selling situations are much less aggressive for some devices like gold, and unbiased assessment protection is proscribed.
It’s workable for scalping on MT4 NDD accounts, with round 0.9 pips EUR/USD unfold and ~130ms execution velocity. Nevertheless, merchants who want ultra-low latency or tighter spreads might discover higher options.
It may be used for swing buying and selling on EUR/USD and GBP/USD resulting from reasonable swap prices, however larger spreads and costly swaps on devices like gold and GBP/JPY make long-term holding extra pricey.
Testing reveals round 130ms execution on MT4 and 240ms on MT5. MT4 efficiency is appropriate, whereas MT5 is noticeably slower in comparison with higher-tier brokers.
FIBO Group is regulated by FSC Mauritius, which is an offshore regulator that doesn’t present Tier-1 investor safety or compensation schemes. Whereas the dealer has a protracted working historical past, protections are weaker in comparison with FCA, ASIC, or CySEC-regulated companies.