FIBOGROUP

According to WikiFX data, FIBO Group holds a WikiFX overall score of 4.62 out of 10, which indicates a moderate risk profile. The broker operates under an offshore regulation license from the BVI Financial Services Commission (FSC), while its previous CySEC license has been revoked. This leaves it without a mainstream European regulatory framework. Users should weigh the technically robust trading infrastructure against the limited regulatory oversight and unresolved user complaints regarding withdrawals and trade execution.

FIBO Group currently holds an active offshore regulation license from the British Virgin Islands Financial Services Commission (FSC, license number SIBA/L/14/1063) for a Market Making License. Its former Cyprus Securities and Exchange Commission (CySEC) license (number 118/10) has been revoked. The broker does not have a license from major regulators such as the FCA, ASIC, or BaFin.

FIBO Group offers a range of account types with varying minimum deposits. The MT5 Cent and MT4 Cent accounts require as little as 0.01 USD (1 cent), while standard accounts such as the MT4 NDD, MT5 NDD, and cTrader accounts require a minimum deposit of 50 USD. This allows traders with very small budgets to start via cent accounts.

Yes, FIBO Group supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. WikiFX verification confirms that the broker holds full licenses for both MT4 and MT5, with genuine software versions. Additionally, the broker offers cTrader platform support, providing traders with multiple trading environment options.

Pros: 1) Very low minimum deposit – cent accounts start at 0.01 USD, making it accessible to small traders. 2) High leverage up to 1:5000 on forex, allowing for significant position sizing. 3) Multiple trading platforms (MT4, MT5, cTrader) with full license verification and an average execution speed of 206.89 ms. Cons: 1) The broker is regulated only by the BVI FSC (offshore) and lacks a major-tier regulatory license, reducing oversight. 2) Numerous user complaints highlight withdrawal difficulties, poor trade execution, and significant slippage.

Yes, WikiFX data shows multiple user reports and exposure posts. Common complaints include difficulty withdrawing funds, unexplained trade closures, poor execution with significant slippage, and accounts losing value due to price gaps. Some users have reported that their accounts were closed or that they lost their entire deposit. While there are a few positive reviews, the overall sentiment from user feedback is negative, particularly regarding withdrawal processes and trade manipulation.

FIBO Group is not regulated by the U.S. Securities and Exchange Commission (SEC) or the Commodity Futures Trading Commission (CFTC). Based on its offshore regulatory status and the absence of a US-specific license, it is highly unlikely that the broker accepts clients from the United States. Traders in the US should verify with the broker directly, but WikiFX assessment indicates it is not available for US residents.

FIBO Group offers features that can appeal to beginners, such as a very low minimum deposit on cent accounts (0.01 USD), availability of demo accounts, and support for the widely used MT4/MT5 platforms. However, the broker operates under offshore regulation with limited oversight, and user complaints about withdrawals and execution may pose risks. Beginners should prioritize regulation and risk management; if they choose to trade here, they should start with small amounts and test the platform thoroughly.

Spreads vary by account type. The cTrader Zero Spread, MT5 NDD, and MT4 NDD accounts offer spreads from 0 pips, while the MT4 Cent account starts from 0.6 pips, and the MT4 Fixed account from 2 pips. Some accounts may involve commissions, though specifics are not fully disclosed. Overall, the spread structure is competitive for NDD and cTrader accounts, but traders should factor in potential slippage and execution delays reported by users.

FIBO Group provides eight account types: MT5 Cent, MT4 Cent, MT5 NDD, MT4 NDD, MT4 NDD No Commission, MT4 Fixed, cTrader NDD, and cTrader Zero Spread. Key differences include minimum deposit (0.01 USD for cent accounts, 50 USD for others), leverage (up to 1:5000 on cent accounts, up to 1:400 on most standard accounts, up to 1:1000 on cTrader Zero Spread), spreads (from 0 pips on NDD and cTrader accounts, from 0.6–2 pips on others), and Islamic account availability (available on MT4 NDD, MT4 NDD No Commission, and MT4 Fixed accounts). All accounts support scalping and EA usage.

To determine whether a broker is regulated, the key is to verify whether it holds a valid financial license. Investors can check the license number and status through the official websites of regulatory authorities (such as Financial Conduct Authority, Australian Securities and Investments Commission) to confirm whether the license is real and under valid supervision. It should be noted that some brokers may engage in license cloning or unauthorized operations, meaning they use another company's license or provide services in regions where they are not authorized. These situations also involve risks. In addition, investors can use WikiFX to check the broker's regulatory status, historical records, and risk ratings as supporting reference, so as to evaluate its compliance more comprehensively.

A cloned broker website refers to a fraudulent website that imitates the information of a legitimate broker. Such websites usually copy the real company's brand name, page design, and even regulatory information to mislead investors into making deposits. Common features include: a domain name highly similar to the official website (such as slight spelling differences), abnormal or unverifiable contact information, and promises of unusually high returns. Once funds enter such platforms, they are usually difficult to recover. Investors can identify potential risks by checking the official domain name, verifying regulatory information, and using WikiFX for cross-verification.

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.