FIBOGROUP: Trade the Way That You Please – A Review of FIBOGROUP
Are you someone who wants to make some extra income? If yes, trading is one way to do that. Despite so many new that came into being with the advent of internet, it seems that doing one job is not enough for a lot of people around the world to have the financial stability they dream of. Trading can be a perfect way to generate more income without putting a cap on what you can earn. Of course, you need to be associated with a broker to start trading online. One of the most trusted traders providing you a safe platform for trading is FIBOGROUP.
An Overview of FIBOGROUP
If you create a list of the first online brokers in the world, FIBOGROUP will be one of them. The company has been there with its online trading platform since 1998. This makes FIBOGROUP one of the most reliable brokers on the internet. One of the things that make FIBOGROUP stand out is that they do not have hundreds and hundreds of financial instruments for their traders. While a long list of these instruments looks great, it can be confusing for newcomers into the trading world.
FIBOGROUP focuses on some CFDs, spot metals, Forex, and cryptocurrencies. Their website is very informative, and their list of currency pairs for Forex trading might be one of the longest.
The Best Features of FIBOGROUP
FIBOGROUP thinks about its traders and that’s why the broker has multiple platforms available to give every trader what they like better. As a trader on FIBOGROUP, you can use cTrader, MT4, and MT5 for trading. You can open a demo account to practice how to trade in the available markets. FIBOGROUP also has auto-trading available on its platform. When doing auto-trading, you have the trades and signals of other professional traders available at your disposal to copy. If you are a new trader, this strategy can be extremely benefitting for you.
Those who have religious beliefs that prevent them from the regular rollovers that take place in trading, can open an Islamic account too.
Biggest Benefits of Trading with FIBOGROUP
The biggest benefit of trading with FIBOGROUP is transparency. If you look at their website, you will find a lot of the information that other brokers are reluctant to provide. If you are an experienced trader, you can choose from the multiple trading platforms so you don’t have to go through a learning curve. The minimum deposit with the broker is $0. The best thing is that FIBOGROUP is offering leverages that you might not find any other broker offering. For example, you have a maximum of 1:1000 leverage available. That’s something you don’t usually get from even the best brokers.
However, in order to take advantage of such huge leverage, you will also have to maintain a margin of 0.1%. While such a huge leverage might sound unbelievable, you can always rest assured that FIBOGROUP has been around for nearly two decades now, so they won’t be betraying you. Now, when it comes to trading like a modern trader, you won’t be disappointed with FIBOGROUP. They allow you to trade on your favorite device. They have their platform available for you on Windows, Android, iOS, and even MAC. There are 60 pairs of currencies for you to choose from. The law spreads offered by the broker ensure that you make the most money rather than broker taking away all the benefits.
When it comes to cryptocurrencies, you can enjoy a leverage of 1:3 if you want. They even have CFDs available on crypto-coins. If you think you know cryptocurrencies really well, you can choose from nine of them on FIBOGROUP.
Deposit and Withdrawal with FIBOGROUP
You won’t find many brokers that allow you to fund your account using bitcoins, but FIBOGROUP does. The best thing is that you still do not pay any kind of commission to FIBOGROUP. You can use methods like Skrill, Neteller, QIWI, etc. to deposit funds in your account. You can also use these methods to withdraw funds from your account. There are different limits associated with different withdrawal methods. Be sure to check what the minimum amount is for the method you choose for withdrawing funds from your account.
Being an old broker, FIBOGROUP has added a lot of different methods for deposits and withdrawals. It can be confusing at times, but the broker has made the website quite friendly and informative. Keep in mind that you have different types of currencies available to withdraw your funds using different withdrawal methods. You can use CHF, GBP, USD and EUR to withdraw funds using a bank. However, when using Skrill, you can only use US Dollar.
FIBOGROUP Customer Support
As the businesses realize the sense of urgency in customers for getting answers to their questions, they are launching live chat features on their websites. FIBOGROUP is no exception as it has a live chat feature on the website to answer your questions instantly. They have a lot of FAQs sections on their website to answer the questions not only from traders, but partners and investors as well. They have offices located around the world, and the broker has went to the extent of providing email addresses and phone numbers for each office for its traders to connect.
Overall Rating of FIBOGROUP
Here are the overall ratings of the various components that make FIBOGROUP one of the oldest and the best brokers.
- Trading Instruments – 5/5
- Withdrawals/deposits – 5/5
- Customer Support – 4/5
- Mobile Trading – 5/5
- Overall Rating – 5/5
FIBOGROUP is an old player in the trading world. If you or someone you know is interested in trading, FIBOGROUP is one of the most recommended brokers to trade with. They are transparent and the limited number of options make the starting easy for new traders. They do have promotions for their traders but the promotions section does not have any promotions available in it yet. Is FIBOGROUP a reliable broker for investors? With most of the things in mind, yes it is.