A long-running broker founded in 1998 with MT4, MT5 and cTrader, but most international clients are onboarded through its British Virgin Islands entity, where regulatory protection is limited.
This broker's licence status on the public register does not support a retail dealing claim for the entity serving this market - typically registration-only or offshore-only authorisation. PipsPal does not rank it.
This review is published in full so the reason is on the record. It does not appear in ranked lists and the matcher will not recommend it.
Fibo Group is one of the longer-operating offshore-leaning brokers in this comparison — founded in 1998, the broker has 27+ years of operating history with headquarters in Vienna, Austria and primary trading entity in the British Virgin Islands. The regulatory structure spans two entities with materially different protection tiers: FIBO Group Ltd holds FSC BVI authorisation under SIBA/L/13/1063 (Tier-3 offshore regulator) as the primary entity for most international retail clients. A CySEC Cyprus licence (118/10, FIBO Group Holdings Ltd) has been claimed for EU clients, but it is not on the current CySEC register of Cyprus Investment Firms, whether searched by licence number, by entity name or by approved trade name, so PipsPal does not count it as live EU authorisation.
Note that historical FIBO Australia Pty Ltd ASIC authorisation has been reported, though current active retail status under ASIC requires verification. The proposition centres on platform breadth and account flexibility: Fibo Group supports MT4, MT5, and cTrader — uncommon for a broker at this tier — across 8 different account types (MT4 NDD, MT4 Cent, MT4 Fixed, MT4 NDD No Commission, MT5 NDD, MT5 Cent, cTrader NDD, and cTrader Zero Spread). The account proliferation is genuinely flexible but borderline overcomplicated for newer traders.
Spreads on ECN accounts average from 0.0-0.1 pips on EUR/USD with $3 commission per lot (round-turn), competitive raw-spread pricing. Cryptocurrency deposits via BTC and ETH are supported. Trade-offs deserve honest framing: the primary FSC BVI entity provides limited statutory protection, the user interface and platform feel are notably dated versus modern competitors (multiple user reviews describe a 'classic era Forex' experience), customer support response times can be slow despite 24/7 availability, and inactivity fees of up to $5/month apply on dormant accounts.
Fibo Group's strongest fit is for cost-focused active traders comfortable with offshore regulation who want cTrader access and 8-account flexibility, EU clients specifically benefiting from the CySEC entity, and crypto-funded traders. Beginners and traders prioritising regulatory backstop should consider alternatives.
The numbers that matter most when picking FIBO Group.
Where FIBO Group is strong, and where it is not.
In-depth analysis across regulation, costs, platforms, accounts, funding, and support.
Fibo Group operates under two main regulated entities with materially different protection tiers. FIBO Group Ltd is the primary international entity, incorporated in the British Virgin Islands and authorised by the BVI Financial Services Commission under licence SIBA/L/13/1063. The BVI FSC is a Tier-3 offshore regulator — meaningful as a basic operating licence with mandatory client fund segregation, but providing no substantial investor compensation scheme. Most international retail clients land on this entity in practice.
FIBO Group Holdings Ltd is stated to hold CySEC Cyprus licence 118/10, which would give EU clients ICF investor compensation up to €20,000 and ESMA-compliant retail leverage caps. PipsPal could not find that licence on the current CySEC register — not by number, not by entity name, not by approved trade name — so it is treated as unconfirmed and EU clients should not rely on it. On the evidence available, the BVI entity, but is only available to clients from EU jurisdictions specifically. FIBO Australia Pty Ltd historically cited ASIC AFSL 439907. That licence is gone: ASIC cancelled it on 23 August 2022, and before then it had already passed to renamed entities — Cardiff Global Markets, then Sirius Financial Markets — rather than remaining with FIBO. There is no current Australian regulatory coverage to rely on.
Client funds are held in segregated accounts across both entities. Negative balance protection is provided under the CySEC entity per EU regulatory requirements. Fibo Group has maintained continuous regulation since 1998 — 27 years of operation with no major regulatory infringements on record. The broker is headquartered in Vienna, Austria with additional offices in Kiev, Limassol, Munich, Singapore, and Astana — reflecting genuine multi-jurisdictional operations. For traders for whom regulatory backstop is a meaningful consideration, the CySEC entity is the strongest option for EU clients; the BVI FSC entity provides materially weaker statutory protection than FCA, CySEC, or ASIC alternatives. Honest framing matters: the multi-platform offering is genuine, but the regulatory floor for most international retail clients is BVI Tier-3 offshore.
FIBO Group operates under 2 regulatory licences:
FIBO Group has operated since 1998 (28+ years). Editorial assessment: medium-confidence on regulatory standing.
Fibo Group's pricing structure varies meaningfully across the 8 account types. ECN accounts (MT4 NDD and cTrader NDD) provide raw-spread pricing from 0.1 pips on EUR/USD with $3 per side commission ($6 round-turn) — competitive with leading ECN brokers though slightly above Fusion Markets's $4.50 benchmark. The cTrader Zero Spread account targets the tightest pricing tier. Fixed-spread accounts (MT4 Fixed) start from approximately 2.0 pips on EUR/USD with no commission — adequate for spread-only traders but mid-tier versus peers. Cent accounts use cent-sized lots for micro-position testing.
Fee structure has notable considerations: Fibo Group does not charge deposit fees but reserves the right to charge withdrawal fees on certain methods. The company applies an inactivity fee of up to $5/month on dormant accounts — among the higher dormancy rates in retail forex. The bank wire deposit/withdrawal flow may incur intermediary bank fees of $35-$50 per transaction passed through from the payment processors. For active traders the ECN pricing is competitive; for casual or part-time traders, the inactivity charges and withdrawal fees can erode small accounts. Cost transparency is reasonable but not class-leading.
FIBO Group cost structure depends on which account type you choose. The trade-off is generally between spread-only pricing (simpler, slightly higher implicit cost) and raw-spread plus commission (cheaper at higher volumes, requires per-trade math).
Spread-only pricing with no commission. EUR/USD spreads typically average 0.8-1.5 pips during liquid sessions. Simpler for casual or lower-volume traders.
Overnight swap rates apply to positions held past daily rollover, based on currency-pair interest rate differentials.
Most reputable brokers don't charge deposit fees, withdrawal fees, or inactivity fees on active accounts. Check the funding terms for your specific entity at FIBO Group.
Fibo Group supports MetaTrader 4 and MetaTrader 5 with full Expert Advisor compatibility — scalping and hedging are explicitly permitted across all account types, useful for algorithmic traders. Both platforms are available as desktop downloads, web-based browser platforms, and iOS/Android mobile apps. PAMM accounts and VPS services for EA-based automated trading are supported.
cTrader support is the standout platform feature — uncommon at this broker tier and useful for traders specifically wanting cTrader's Level II pricing, depth-of-market visibility, and advanced order types. Fibo Group also offers WebTrader as a proprietary browser platform alongside the MetaTrader builds. No native TradingView integration. Multiple user reviews note that the platform interface and broader user experience feel dated versus modern competitors — execution is reliable but the overall UX is closer to early-2010s forex broker design rather than current standards. For traders prioritising platform diversity over modern UI polish, the MT4/MT5/cTrader combination is genuinely competitive.
FIBO Group supports 4 platforms — choice affects available order types and execution model.
The industry standard for forex retail. Full EA support, custom indicators, automated trading. Mature ecosystem of community-built tools.
Newer MetaQuotes platform with additional asset classes, more timeframes, and improved backtesting. Recommended for newer accounts unless you have legacy MT4 EAs.
Spotware's platform — preferred by traders who want native depth-of-market, level II pricing, and advanced order types. Modern interface, faster than MT4.
FIBO Group offers 6 live account types, all with a $1 minimum where applicable:
Demo accounts are available free of charge, typically with virtual balance and the option to reset on request. Useful for testing strategies before committing capital.
E-wallet deposits are typically instant; card payments take 1-2 hours; bank wires 1-3 business days.
Withdrawals are typically processed within 1 business day. Arrival times depend on method: e-wallets same day, cards 3-5 days, wire 1-3 days.
The same-method rule typically applies — withdrawals must go to the same source as deposits where possible. This is standard AML compliance, not broker-specific.
FIBO Group provides live chat, email, and phone support. Response times are typical for the industry: chat within a few minutes, email 12-24 hours, phone during regional business hours.
Coverage is reasonable but not exceptional — sufficient for routine queries, may require persistence for complex issues.
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