Broker FiboGroup entered international markets in 1998. Registration was carried out in the Republic of Cyprus. Regulation and jurisdiction – FSC , CySEC . The company is a member of the Investor Compensation Fund. If you wish, you can generate an additional flow of finance if you cooperate with a broker on an affiliate program.
Let’s define for ourselves the most important things about FiboGroup
The types of accounts are offered in a variety of ways: with a hands-off dealing model, cent, no commission, Fixed, and various trading platforms : Meta Trader 4 and 5, cTrader. A Power Trader option is also offered. For the minimum amount of the deposit, restrictions are established, but not on all types of accounts. 0.01 lot is the smallest trade size allowed. Spreads – from 0.6 pips.
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Payments are made through ATMs, bank cash desks and bank transfers. Also – through plastic cards, payment systems, terminals. From investment programs, PAMM options are presented. The broker’s client can count on holding contests and receiving bonuses. Modern means of communication – chat, e-mail, feedback form, telephone. The multilingual approach involves communication, including in Russian and English.
Let’s go deeper into the details of cooperation
The broker may charge a commission – it all depends on the type of account on which you carry out financial transactions. Bonuses are in the form of cashback, and reach 20% at the upper limit. A prerequisite for receiving a reward is profile verification. The trader must only be a resident of Ukraine or Kazakhstan.
- The size of FiboGroup floating leverage will surprise you, to put it mildly. Instead of the usual ratios, you will see the number one in 11 thousand!
- Opening a demo account is completely free.
- The number of assets is more than 90. In principle, it is quite enough for comfortable trading. You can choose to work with stocks, precious metals, cryptocurrency , indices, currency pairs.
Account currencies are USD, CHF, EUR, GBP, RUB. There are no trading opportunities on weekends. Participation in contests and tournaments will not work, because they are not held. Traders are trained through individual consultations, online webinars, face-to-face courses or using an electronic textbook. Swaps may be charged or charged, but not on all accounts. You will receive more detailed information when you start working for FiboGroup on the official website.
PAMM trading is. Analytics are widely presented. These are several options for statistical data, an economic calendar, forecasts of exchange rates and expert market analysis. The affiliate program requires the fulfillment of certain conditions. What is bad – the site is not always available, individual pages may not open. Many traders write about FiboGroup in their reviews that the broker cheats with quotes and delays the withdrawal of funds.
Available options – asset management, help from managers, automated trading robots. you will have to pay for the withdrawal of finance. The good news is that there is a IIS that allows you to receive a tax deduction. There is an auto-follow function.
What can spoil a company’s reputation?
It is known that the client is obliged to provide complete and reliable information about himself. If there are changes in personal data, this should be reported immediately. If this is not done, you may be refused to open an account. Access to the broker’s resources will be suspended if any of the policy rules are systematically violated.
You can give the broker instructions to conclude transactions through your personal account or by phone. The operator independently decides whether the confirmation provided by the user is sufficient to identify his identity. Conversion of funds always occurs through the dollar, regardless of the permission to open accounts in different currencies. If there is no movement on the account for 91 days, then it is considered inactive. Each month, a commission equivalent to $ 5 is charged for its maintenance.
FiboGroup rating is negatively affected by internal rules.
When “events default ” occur, all user positions are forcibly closed at current quotes. The account is closed and the opening of new accounts is prohibited. Reasons – failure of the trader to fulfill his obligations to the broker; provision of guarantees and data that do not correspond to reality; debt, incapacity, death, bankruptcy. All other circumstances that lead to risks of default are also taken into account.
