Long-running forex and CFD broker whose accounts are with FIBO Group, Ltd. in the British Virgin Islands, an investment business regulated by the BVI Financial Services Commission (offshore). Offers MT4, MT5 and cTrader accounts from 1 cent.
Facts last checked 20 October 2026. Always confirm on the regulator’s register. How we review brokers
Get an email when FIBO Group's licence or key facts change.
Key facts
Founded
Not yet checked
Headquarters
Road Town, Tortola, British Virgin Islands
Minimum deposit
$0
Max. retail leverage
Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts
Your protection depends on which company holds your account, and that depends on where you live. Each row is one licensed company. What regulation means
Before you deposit: search the licence number on the register, then check that the website and phone number listed there match the ones you are using. How to check a licence
Websites
Official websites
✓fibogroup.com
Type the address yourself or use a bookmark. Check it matches the website listed for the firm on the regulator’s register.
Watch out for look-alike sites
We have not recorded any look-alike sites for FIBO Group. That does not mean none exist.
A clone firm copies a real broker’s name, licence number and branding to take deposits. The register shows the genuine firm, so the surest check is the contact details: if the website, email or phone number you were given is not the one on the register, treat it as a clone. Check a broker step by step
Accounts and costs
Account types and costs not yet checked.
Cost per lot = typical EUR/USD spread × $10 + round-turn commission, for one standard lot (100,000 units) in busy hours. Swap and other fees are extra. Trading costs explained
Leverage and margin
Leverage lets you open a position bigger than your deposit, so losses grow as fast as gains. The caps below are the most FIBO Group allows; you can always use less. For comparison, strict regulators cap retail leverage at 1:30 on major pairs.
Leverage by asset class not yet checked. Headline retail leverage: Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts.
20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent)When your equity falls to 20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent) of your used margin, the platform starts closing your trades, usually the biggest loser first, until the level recovers.
Margin level = equity ÷ used margin × 100. Without negative balance protection, a fast market can gap past the stop-out and leave you owing money. Work out your margin level
FIBO Group, Ltd. is listed by the BVI FSC as a currently regulated investment business (dealing as agent and principal, arranging deals)
Wide choice of platforms and accounts, including cent accounts that open from 1 cent
Spreads from 0 pips on NDD accounts with commission charged as a percentage of trade value
Watch out for
The BVI licence is offshore and there is no compensation scheme
We found no negative balance protection or client money segregation commitment in the customer agreement; it lets FIBO cover a negative balance from your other accounts
Leverage up to 1:5000 on the MT5 Cent account
FIBO's former Cyprus company no longer appears on CySEC's list of investment firms; EU clients have no EU-licensed FIBO company
Overview
FIBO Group says it has been in online margin trading since 1998. Today its accounts are with FIBO Group, Ltd., a company in the British Virgin Islands. It offers eight account types across MetaTrader 4, MetaTrader 5 and cTrader, from cent accounts for testing to commission-based NDD accounts, plus PAMM managed accounts.
Regulation and safety
FIBO Group, Ltd. appears on the BVI Financial Services Commission’s register as a currently regulated investment business, authorised to deal as agent and as principal and to arrange deals. The register does not show the licence number; FIBO gives it as SIBA/L/13/1063. The BVI is an offshore jurisdiction, and there is no compensation scheme for retail traders.
FIBO used to have a CySEC-licensed company in Cyprus. It no longer appears on CySEC’s list of investment firms, so there is no EU-licensed FIBO company today. We found no promise of negative balance protection or client money segregation in the customer agreement. The agreement lets FIBO cover a negative balance on one account from your positive balances on others. Read our guide to forex broker regulation and check a broker before you deposit.
Costs
MT4 Fixed has fixed spreads and no commission. MT4 NDD No Commission starts at 0.8 pips. The NDD accounts on MT4, MT5 and cTrader start at 0 pips and charge 0.003% of the trade value. On one lot of EUR/USD (€100,000) that is €3 a side, or about €6 for the round trip. cTrader Zero Spread charges 0.012% with a $1 minimum. FIBO does not publish typical spreads by account. If FIBO introduces its dormant-account fee, it is up to $5 a month after 91 days without a trade. See our trading costs guide.
Platforms and tools
MetaTrader 4 (desktop and web), MetaTrader 5 and cTrader are all available. Islamic accounts are offered on MT4 Fixed, MT4 NDD and MT4 NDD No Commission. Pending orders on most MetaTrader accounts are deleted after 180 days. See MT4 vs MT5.
Deposits and withdrawals
You can pay by bank transfer, Visa or Mastercard, or an e-wallet in your own name. Withdrawals normally go back by the same method and in the same currency as the deposit.
Who it may suit
The account range suits traders who want to test strategies with cent accounts or compare MT4, MT5 and cTrader under one company, and who accept a BVI licence without negative balance protection.
How to open an account
The steps as we checked them. Never deposit until you have confirmed the licence.
Check which company you will join
Accounts are opened with FIBO Group, Ltd., BVI company number 549364, registered at Wickham's Cay II, Road Town, Tortola. Residents of the UK, the US and North Korea are not accepted.
Register
Open a demo or live account through the FIBO client area at mt.fibogroup.com.
Verify your identity
Provide identity and address documents. If you pay by card, FIBO asks for a copy with all but the first six and last four digits covered and the CVV hidden.
Choose an account
Cent accounts on MT4 and MT5 open from 1 cent. MT4 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, cTrader Zero Spread and MT5 NDD open from $50. PAMM managed accounts need $300.
Fund the account
Deposit by bank transfer, card or e-wallet in your own name. Payments from third parties are returned, minus costs.
Practise first
Use a demo account before trading with real money.
What changed on this profile
Profile published. Licence checked on the BVI FSC register of regulated entities; former CySEC company checked on the CySEC list of investment firms.
FIBO Group: common questions
Is FIBO Group regulated?
Yes, offshore. FIBO Group, Ltd. appears on the BVI Financial Services Commission's list of currently regulated investment businesses. FIBO gives its licence number as SIBA/L/13/1063. The BVI is an offshore jurisdiction without a compensation scheme for retail traders.
Which company will I join?
FIBO Group, Ltd., a BVI business company, number 549364.
What is the minimum deposit?
1 cent on the MT4 Cent and MT5 Cent accounts and $50 on the other accounts. PAMM accounts need $300.
Can I lose more than I deposit?
We found no negative balance protection in FIBO's customer agreement, and it allows FIBO to use the balance of your other accounts to cover a negative balance. With high leverage, losses beyond one account's deposit are possible.
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This profile is factual information, not a recommendation or financial advice. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Read the full disclaimer.