Brokerage firm FIBO GROUP attracts market players from all over the globe. It has a fairly high-quality web portal, but provides very little useful information. On the pages of the official site you can find empty and unsupported statements. In this article, we will analyze the project and find out what it really does.
What is the difference between a brokerage company?
FIBO GROUP positions itself as an international holding company that has long been engaged in online trading. The company was founded in 1998. From the first day of work, its employees strictly adhered to the principles of transparent trading activities. They protected client interests and respected the current legislation. At the moment, the market player can be sure that all the services presented are up to high standards.
The company declares several awards received for the high quality of services. The exchange mediator has been working in the global market for a long time and has offices throughout the globe. On the official web portal, you can get contact information and all the necessary information. The exchange mediator guarantees high-quality support 24 hours a day. It provides phone numbers, email and online chat for quick communication.
There aren’t many pages on the web portal of a brokerage company. Here you can read about trading conditions, analytical research and affiliate programs. However, some tabs are not loaded. The low quality of the web portal may indicate the dubious integrity of the project. Before making a investment, it is recommended to carefully check the reputation on the network.
How to trade with FIBO Group?
The exchange mediator describes favorable trading conditions:
- Low spread level.
- Leverage to a ratio of 1:1000.
- Fast and flexible withdrawal of funds.
- 43 currency pairs are provided as financial instruments.
- Provides qualified customer support.
- Trading platforms are downloaded to any device.
FIBO Group has developed several trading accounts for customers of different professional levels. There is an NDD tariff that provides deep liquidity from the world’s leading banks. The company guarantees a high speed of execution of applications in the complete absence of requotes. If the market player is not ready to invest a large amount, he can use the cent account.
The broker system has PAMM accounts. They allow you to control other people’s funds, receiving additional profit. The manager will increase his deposit thanks to a generous commission, and the investor will be able to enjoy high-precision signals. This is a great option for those who start their trading activities and do not want to waste time on independent analysis.
Project trading platforms
On the official website of FIBO Group, you can download several options for the working terminal:
- cTrader is a trading system that provides free access to trading in foreign exchange markets. It involves the use of NDD technology. The platform is great for both professional traders and beginners, providing a direct connection with international banks. The market player gets customizable proxy servers that make it easy to connect from anywhere on the globe. The terminal does not provide for downloading, access to the market can be obtained through a browser. The client is invited to use the technical analysis tools, one click trading function and the option of the glass price.
- MetaTrader 4 is a standard software development for bringing client applications to the international market. The trader receives interactive charts with the ability to scale and scroll. It has 7 time intervals, 3 types of charts, several technical indicators. There is an opportunity for trading automation.
- MetaTrader 5 – a wide range of financial instruments is provided. A trader can work with currency pairs, contracts for price difference or precious metals. One-click trading, built-in analytical tools, an extended version for tablets are envisaged.
A registered client can download one of the platforms described above, but before that it is recommended to check the true essence of the project. Fraudsters regularly appear on the international market who do not fulfill their obligations, but lure investors into a debt hole. To distinguish a swindler from a bona fide broker, it is worth checking legal documents and reputation.
Brand affiliate programs
By registering as a partner, the market player will receive a monthly commission for attracting new customers. The more investors the program participant brings, the larger his final profit will be. The company offers flexible and transparent terms of cooperation, a wide range of PR materials in your personal account. The market player will go through a simple registration procedure and become a full-fledged partner. Specialists will always stay in touch, giving hints and providing help. There are no restrictions on withdrawal of funds. The partner’s profit depends entirely on the activity of his referrals.
What reviews do you write about FIBO GROUP?
Market players cannot withdraw their start-up capital or earnings. Profit is canceled, huge slippage is observed in the brokerage terminal. The account manager has not been in touch for a long time. During trading, there is a significant expansion of the spread. Customers are confident that the firm is engaged in fraud.
Traders are waiting for payments within a few weeks. Prior to that, the conclusion was carried out normally, but even re-verification did not affect the situation. The office does not want to return client money. In the brokerage system, frequent slippage is observed, in connection with which part of the profit disappears. Stop orders are used according to some new rules.
The exchange mediator does not enjoy trust among experienced traders. The market player traded with the firm in 2017. He earned some amount and decided to withdraw it. 4 years have passed, but the application still hangs in the terminal. Technical support does not perform its functions. Consultants ignore questions or unsubscribe with standard phrases. The platform is normal, but the quotes are drawn up. Left candles appear on the chart, which close at the behest of brand representatives.
The firm uses standard tricks. It declares zero spread, which expands to 3 points during trading. The exchange intermediary constantly has problems with withdrawal. In some cases, the profit is significantly reduced. Technical support staff are not able to answer the questions normally.
Is FIBO Group a real broker?
There are a huge number of negative reviews on the network. Market players point to a standard divorce that is designed for gullible beginners. Fibo Group provides untrue information by deceiving attracted customers. It establishes not the most favorable trading conditions and cuts the legitimate profit of its traders. In some cases, the output does not work. The office does not want to return capital investments, dealing with standard divorce. Considering all this, we recommend to refuse to cooperate with the project.
