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FIBOGroup Forex Broker Review
About FIBOGroup Forex Broker
FIBOGroup Forex Broker started their online operations in 2004. They are based in Switzerland, which is a huge plus that normally draws in traders to sign up. However, they are not regulated by any financial body, so that is a small drawback.
Upon checking the website of FIBOGroup Forex Broker, one gets the impression that the company is not very professional, since the layout is a bit messy and it is hard to find the information you need.
FIBOGroup Forex Broker also seems to have problems when it comes to the speed of their servers and execution of orders, so they definitely should address these two issues. There is no report of lost withdrawn funds, and they are definitely not a scam (as of May 2009), but one should be wary on initial trades, in order to see if the platform is agreeable to one’s taste.
Basic Broker Details
| Site | http://www.fibogroup.com/ |
| Country of Origin | Switzerland |
| Accepted Deposit Modes | Bank wire transfer, VISA credit cards |
| Withdrawal Method | Bank wire transfer, VISA credit cards |
| Leverage | 1:200 |
| Regulation Body | Not regulated |
| Spread | 3 pips (EUR or USD) |
| Minimum Account Requirement | $300 |
Pros of FIBOGroup Forex Broker
* Good spreads
* MetaTrader 4 support
Cons of FIBOGroup Forex Broker
* Slow servers
* Messy website
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