The 30-second verdict
FIBO Group is worth considering if you want a choice of MetaTrader and cTrader account structures, including NDD pricing. The main counterweight is that international clients may contract with its BVI-regulated entity, so the protections available depend on the account and jurisdiction.
Pros
- FIBO Group offers MT4, MT5 and cTrader accounts, including NDD options.
- Cent accounts have a minimum deposit of one cent equivalent.
- The broker publishes historical slippage figures for several execution outcomes.
Cons
- The international entity is regulated by the BVI FSC, and UK, US and other restricted jurisdictions are excluded.
- The cost of an EUR/USD trade varies substantially by account type.
- Several available products are CFDs, which do not confer ownership of the underlying asset.
Our main findings on FIBO Group
The account type shapes both the trading cost and the execution setup, so the headline terms are most useful when read together with the account you intend to use.
| Minimum deposit | $0 |
| Regulation | FSC (BVI) |
| Platforms | MetaTrader 4, MetaTrader 5, cTrader, WebTerminal MT4, WebTerminal MT5 |
| Trading costs | EUR/USD round trip per 100k EUR — cTrader NDD: $6.73; cTrader Zero Spread: $26.93; Islamic Account: Total cannot be calculated; MT4 Cent: $6.00; MT4 Fixed: $20.00; MT4 NDD: $6.73; MT4 NDD No Commission: $8.00; MT5 Cent: $6.00; MT5 NDD: $6.73 |
| Withdrawals | Wire Transfer, Skrill, Neteller, WebMoney, Tether, Bitcoin, Fasapay |
| Retail eligibility | Yes (Live-account signup offered; multiple jurisdictions excluded) |
What stands out
- The range of account types lets traders choose between fixed-spread, Cent and NDD structures rather than one uniform pricing model.
- The published historical slippage breakdown distinguishes improved, adverse and unchanged order outcomes.
- Clients can choose between MetaTrader automation and cTrader cBots, with different desktop and cloud workflows.
What needs scrutiny
- Confirm that your country is eligible for the live account and identify the contracting entity before opening it.
- Compare the cost for your intended account and trade size rather than relying on the spread alone.
- Check the withdrawal fee and processing information for the method you intend to use, since some terms are not verified.
Is FIBO Group safe, legit and regulated?
For international clients covered by the BVI entity, the legal relationship is with FIBO Group Ltd. The protections and complaint routes therefore need to be considered in the context of that entity, rather than assumed from the broker's name alone.
Which legal entity serves the customer?
| Legal entity | Regulator | License / register | Client regions |
|---|---|---|---|
| FIBO Group Ltd | FSC (BVI) | SIBA/L/13/1063 | International clients; excludes UK, US and other restricted jurisdictions |
What protection actually applies?
The BVI FSC framework applies to the international clients covered by FIBO Group Ltd, whose licence is SIBA/L/13/1063. UK, EU and Australian retail protections and compensation schemes do not automatically apply to this offshore account; leverage, product access and dispute routes may differ. FIBO Group has no single investor-compensation scheme covering its international client base.
FIBO Group fees, spreads and real trading costs
The EUR/USD round-turn cost for 100,000 EUR differs by account: cTrader NDD totals 0.67 pips, or $6.73, while MT4 Fixed totals 2 pips, or $20.00. These figures apply to the named accounts and trade size, rather than to every instrument or account.
| Instrument & account | Observed spread | Commission | Round-trip total |
|---|---|---|---|
| EUR/USD · cTrader NDD | 0 pips | $6.73 | 0.67 pips; $6.73 |
| EUR/USD · cTrader Zero Spread | 0 pips | $26.93 | 2.69 pips; $26.93 |
| EUR/USD · Islamic Account | Underlying Islamic account unspecified | Underlying Islamic account unspecified | Total cannot be calculated; Total cannot be calculated |
| EUR/USD · MT4 Cent | 0.60 pips | $0 | 0.60 pips; $6.00 |
| EUR/USD · MT4 Fixed | 2 pips | $0 | 2 pips; $20.00 |
| EUR/USD · MT4 NDD | 0 pips | $6.73 | 0.67 pips; $6.73 |
| EUR/USD · MT4 NDD No Commission | 0.80 pips | $0 | 0.80 pips; $8.00 |
| EUR/USD · MT5 Cent | 0.60 pips | $0 | 0.60 pips; $6.00 |
| EUR/USD · MT5 NDD | 0 pips | $6.73 | 0.67 pips; $6.73 |
Trading commissions and account-level pricing
NDD accounts combine floating spreads with a commission, while fixed-spread and no-commission account models price the trade differently. The cTrader Zero Spread account specifies a commission of 0.01% of notional, and a minimum charge may apply; the account terms therefore matter alongside the quoted spread.
Overnight financing and non-trading fees
Positions held overnight may incur swap or financing charges. An approved Islamic account replaces swap or rollover with possible administration charges, and its pricing follows the underlying account.
Deposits and withdrawals: what really happens?
Deposit fees are shown as 0% for e-wallets, bank transfers and crypto, although minimum deposit amounts are not verified. Bank-transfer deposits take one to five business days to process, while e-wallet and crypto deposits are shown as instant; withdrawal costs and processing times differ by method.
| Payment method | Funding minimum | Fee | Time / restrictions |
|---|---|---|---|
| E-wallets | # | Deposit: 0% | Deposit: Instant |
| Bank transfer | # | Deposit: 0%; Withdrawal: USD 35 | Deposit: 1–5 business days; Withdrawal: 3–5 business days |
| Crypto | # | Deposit: 0%; Withdrawal: 0% | Deposit: Instant |
How to request a withdrawal
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Withdrawal problems reported online
Some individual Forex Peace Army reviewers reported withdrawal refusals, while other sampled reviews mentioned fast withdrawals. These accounts are user reports, not evidence that either experience is typical.
Deposit Methods
Withdrawal Methods
Account types, leverage and trading conditions
FIBO Group's account range includes Cent, fixed-spread, NDD and cTrader options, so the entry requirement depends on the account rather than a single broker-wide minimum. Cent accounts start at one cent equivalent, while several NDD and cTrader accounts require $50.
| Account | Minimum | Pricing | Platform | Leverage |
|---|---|---|---|---|
| cTrader NDD | $50 | Interbank floating spread + 0.00% of transaction notional as commission | cTrader | Up to 1:400 |
| cTrader Zero Spread | $50 | Spreads from 0.00 pips + percentage commission 0.01% of notional (minimum charge may apply) | cTrader | Up to 1:1000 FX (metals 1:400) |
| Islamic Account | Follows base account | Pricing follows base trading account; swap/rollover replaced with possible administration charges | # | # |
| MT4 Cent | 1 cent equivalent | Variable spread; $0 separate forex commission | MT4 | Up to 1:3000 |
| MT4 Fixed | $50 | Fixed spread; $0 FX trade commission | MT4 | Up to 1:200 |
| MT4 NDD | $50 | Interbank floating spread + 0.00% of transaction notional as commission | MT4 | Up to 1:400 |
| MT4 NDD No Commission | $50 | Variable NDD spread, $0 trading commission (spread marked up) | MT4 | Up to 1:400 |
| MT5 Cent | 1 cent equivalent | Variable spread; $0 separate forex commission | MT5 | Up to 1:5000 |
| MT5 NDD | $50 | Interbank floating spread + 0.00% of transaction notional as commission | MT5 | Up to 1:400 |
Demo account and free practice tools
A demo account is available for practising with the trading platforms. Demo use can help familiarise you with the interface, but it does not establish how live orders will execute.
Leverage, stop-out levels and risk
Maximum leverage varies by account: the account terms include up to 1:5000 on MT5 Cent and up to 1:3000 on MT4 Cent, while several NDD accounts cap leverage at 1:400. The stated margin-call level is 150%, and forced liquidation begins at a 50% stop-out level.
Trading platforms, MT4/MT5 and mobile apps
FIBO Group offers MetaTrader 4, MetaTrader 5 and cTrader, alongside browser-based MetaTrader terminals. The platform choice determines which automation tools and workflows are available.
| Platform | Available devices | Limitations |
|---|---|---|
| MetaTrader 4 | Web, Desktop, Mobile | Full MQL4/EAs/custom-script functionality is desktop/VPS-centric; the browser/mobile clients do not provide the full desktop automation environment. |
| MetaTrader 5 | Web, Desktop, Mobile | Full EA/custom-code development and testing are desktop/VPS-centric; browser/mobile versions are primarily for trading and monitoring. |
| cTrader | Web, Desktop, Mobile | Creating, editing, backtesting and optimising cBots is centered on cTrader Windows/Mac; broker permissions can also affect automation. |
| WebTerminal MT4 | Web, Mobile | The browser terminal does not run MetaTrader Expert Advisors; advanced custom-code workflows require desktop MT4/MT5. |
| WebTerminal MT5 | Web, Mobile | The browser terminal does not run MetaTrader Expert Advisors; advanced custom-code workflows require desktop MT4/MT5. |
What the trading interface looks like
The platform range allows clients to access accounts through desktop, web and mobile interfaces, depending on the product. The browser-based MetaTrader terminals support manual trading and monitoring, while the full Expert Advisor environment requires desktop MetaTrader.
Automation, APIs and copy trading
MT4 and MT5 Expert Advisors run in the desktop or VPS environment; their browser and mobile versions do not provide the full automation setup. cTrader supports cBots, with creation and testing centred on its Windows and Mac applications, although cloud cBots can be started from web, mobile or desktop. FIBO Group's general account information also identifies API and copy trading as available, but does not establish that every tool works with every account.
Which markets can you trade or invest in?
FIBO Group's markets are primarily leveraged products rather than direct ownership: its forex, index, commodity, stock and crypto offerings are CFDs or rolling-spot exposure. The distinctions matter particularly for share ownership and for clients whose jurisdiction restricts a product.
| Market | Underlying asset or derivative? | Supported instruments | Restrictions |
|---|---|---|---|
| Forex | Leveraged FX (CFD / rolling spot) | 41 | Forex trading involves leveraged positions. Positions held overnight may incur swap or financing charges. Eligible clients may have access to leverage of up to 1:5000. |
| Indices | Index CFDs | 9 | Index CFDs provide exposure to index price movements without giving traders ownership of the underlying shares. Cash and futures contracts can have different trading hours, terms and financing costs. |
| Commodities | Commodity CFDs | 10 | Commodity CFDs provide exposure to price movements without requiring physical delivery. Some contracts have expiry dates or require rollover. Eligible clients may have access to leverage of up to 1:5000. |
| Stocks | Stock CFDs | 50 | Stock CFDs track share prices without giving traders ownership or voting rights. Short-selling terms vary by contract, and product availability and margin requirements may differ between accounts. Eligible clients may have access to leverage of up to 1:20. |
| Crypto | Crypto CFDs | 13 | Crypto-linked contracts provide price exposure rather than ownership of coins or holdings in a personal wallet. Crypto derivatives are not available to UK retail clients. Eligible clients outside restricted jurisdictions may have access to leverage of up to 1:25. |
Order execution, slippage and performance
FIBO Group describes NDD accounts as using a no-dealing-desk execution model and MT4 Fixed as using a market-maker model. Its historical figures distinguish positive, negative and unchanged order outcomes rather than implying that all trades receive the same execution.
Report measured outcomes
For 2020, FIBO Group reported positive slippage on 31% of orders, negative slippage on 14% and no slippage on 55%. For MT4 NDD market orders, it reported 34% improved, 14% adversely slipped and 52% unchanged. Historical daily average execution speeds were 200 ms on MT4 NDD and 168 ms on MT4 Fixed.
Disclose limitations
These figures are historical and should not be treated as current performance estimates or guarantees. The reported percentages distinguish MT4 NDD market orders from the broader order figures, and the execution speeds are historical daily averages for the named account types.
Customer support, research and education
FIBO Group's client resources include routes to account support, market information and introductory learning material.
Customer Support
Clients can contact support by live chat, email, phone or callback request. The stated support hours are 24/7, and support is available in multiple languages.
Market Research and Education
Market resources include analysis, an economic calendar, market news, live quotes and central-bank rates. Beginner forex explanations, a glossary and basic account FAQs provide introductory material for learning the terminology and account basics.
Customer reviews, complaints and reputation
Sampled Forex Peace Army reviews include both positive reports about execution and withdrawals and complaints about cancelled profits, withdrawal refusals or price and spread issues. They are individual accounts, and the available historical context has not been exhaustively reviewed.
| Source | Profile and dates | Positive themes | Negative themes |
|---|---|---|---|
| Trustpilot | Profile: FIBO Group | Thin or stale review evidence Dates: Profile URL audited 18 Oct 2026. | Trading Features; Account Opening | Not Established |
| Forex Peace Army | FPA profile available | Checked: 18 Oct 2026 | FPA review dates sampled: 2020-07-22 to 2024 | Fast withdrawals, Order execution, Low slippage (earlier users) | Cancelled profits, Withdrawal refusals, Spread or slippage spikes, Price discrepancies |
| No relevant Reddit discussion confirmed · Checked: 18 October 2026 | No relevant data | No relevant data |
What customers say about FIBO Group?
The two excerpts below are from different reviewers and refer to separate experiences; neither establishes a broker-wide outcome.
“no slippages, requotes, withdrawal was well”
TrapLok · 2020
“it has cancelled my profits from ctrader”
Stefx News · 2019
Who should use FIBO Group, and who should avoid it?
FIBO Group's fit depends on whether account choice, trading workflow or the legal protections available in your jurisdiction take priority.
New traders
Cent accounts have a very low entry threshold, and introductory forex material is available. New traders still need to distinguish the account's pricing and leverage terms before moving from practice to live trading.
Active forex traders
Traders choosing between NDD and fixed-spread workflows can use MT4, MT5 or cTrader, with account-specific costs and automation options. The stated EUR/USD costs demonstrate why the preferred platform and account should be considered together.
Long-term investors
FIBO Group's stock offering consists of CFDs, which track share prices without giving the trader ownership or voting rights. Overnight positions may also incur financing charges, so these products do not replicate direct shareholding.
Regulation-first customers
Clients who require protections tied to UK, EU or Australian retail regimes should establish which entity would contract with them before proceeding. Those protections do not automatically extend to the BVI-regulated international account.
FIBO Group alternatives worth considering
IC Markets is an option to research if your comparison centres on Raw Spread accounts across supported MetaTrader and cTrader terminals. FP Markets is another platform-choice comparison for someone weighing software options against FIBO Group's MT4 and MT5 NDD accounts; its platform lineup varies by jurisdiction.
| Broker | Best for | When it is better | Important caveat |
|---|---|---|---|
| FIBO Group | MetaTrader NDD account choices | FIBO Group has MT4 NDD and MT5 NDD accounts. The reason to compare them is the practical difference between the two MetaTrader workflows and the terms attached to each account. | MT4 NDD and MT5 NDD need not share the same conditions. Check the minimum requirements and the entity supplying your account. |
| IC Markets | MetaTrader or cTrader with Raw Spread | IC Markets provides a Raw Spread setup for traders using supported MetaTrader and cTrader terminals. It may be more relevant if your FIBO Group comparison centres on cTrader as well as MetaTrader. | Raw Spread terms and commissions vary by platform and entity. Confirm product access, account currency and the current execution policy. |
| FP Markets | Choice of trading platforms | Platform choice is a main reason to research FP Markets, although the lineup differs by jurisdiction. It offers another software-led comparison for anyone currently deciding between FIBO’s MT4 and MT5 NDD accounts. | Supported platforms and markets depend on the account and jurisdiction. Check whether your intended Raw or Standard account supports the software you want. Try the platform and order workflow before assuming it will replace the one you use today. |
Can you open an account in your country?
FIBO Group offers live-account signup, but multiple jurisdictions are excluded, including the UK and US. Confirm that the entity and account available to you match your location before deciding whether to proceed.
How the signup process works
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Final verdict: should you trade with FIBO Group?
Choose FIBO Group if its account-specific MetaTrader or cTrader setup fits your trading workflow and the applicable entity's terms work for your location. Hesitate if your decision depends on protections that do not automatically extend to its BVI-regulated international accounts.
How we researched this review
This review considers FIBO Group's account terms, trading costs, funding, regulation, platforms, available markets, execution information and customer reports.
| Review area | Research focus |
|---|---|
| Legal entity and licence | Identify the contracting firms, regulators, licence references and regional protections. |
| Fees and account terms | Compare trading costs, account conditions and additional charges by account type. |
| Withdrawals | Examine payment methods, stated processing times and applicable charges. |
| Customer feedback | Compare recurring themes across dated customer reviews and discussions. |
Frequently asked questions
8 questionsIs FIBO Group legit or a scam?
FIBO Group Ltd is regulated by the BVI FSC under licence SIBA/L/13/1063 for the international clients covered by that entity. This establishes the applicable regulatory framework, but does not remove trading risk or establish that every client has the same protections.
Is FIBO Group regulated in my country?
FIBO Group Ltd is regulated by the BVI FSC for international clients, but FIBO Group excludes UK, US and other restricted jurisdictions. The entity and protections available to you depend on where you live and which company contracts with you.
What is FIBO Group's minimum deposit?
The minimum is one cent equivalent on Cent accounts, while several NDD and cTrader accounts have a $50 minimum. The applicable amount depends on the account you choose.
How long do FIBO Group withdrawals take?
Bank-transfer withdrawals are shown as taking three to five business days to process. Processing times for e-wallet and crypto withdrawals are not verified.
Does FIBO Group charge withdrawal fees?
Bank-transfer withdrawals carry a USD 35 fee, while crypto withdrawals are shown with a 0% fee. The fee for e-wallet withdrawals is not verified.
Does FIBO Group support MT4, MT5 or TradingView?
FIBO Group offers MT4 and MT5, as well as cTrader. Its platform options include desktop, web and mobile access, depending on the platform.
Is FIBO Group good for beginners?
Cent accounts offer a low deposit threshold, and FIBO Group has beginner forex explanations, a glossary and basic account FAQs. The available account structures and leveraged products still require the beginner to understand the terms and risks involved.
Who owns FIBO Group, and where is it based?
FIBO Group's headquarters address is in Road Town, Tortola, in the British Virgin Islands.
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