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Head to head

FIBO Group vs IG

FIBO Group holds only an offshore registration (British Virgin Islands). IG is licensed by FCA in the United Kingdom; BaFin in the European Union; FINMA in Switzerland; ASIC in Australia; FMA (New Zealand) in New Zealand; MAS in Singapore; JFSA in Japan; CFTC / NFA in the United States; DFSA in Dubai (DIFC), UAE and FSCA in South Africa. The licence that applies to you depends on where you live, so check which company you would contract with before comparing anything else.

Minimum deposits start at $0 at FIBO Group and $250 at IG. Only IG offers negative balance protection and segregated client money.

Facts last checked: FIBO Group on 20 October 2026, IG on 20 October 2026.

FIBO Group profileIG profile
Broker 1
Broker 2
Broker 3

Monthly cost uses the account chosen in each slot: cost per lot × your lots. Swap and other fees are extra. The lowest monthly cost is highlighted only as a fact about cost, not as a recommendation.

Broker
FIBO GroupOffshore registration onlyRead the profile
IGStrictly regulatedRead the profile
Comparing
FIBO GroupBritish Virgin Islands
IGUnited Kingdom

Overview

Founded
Not yet checked
1974
Headquarters
Road Town, Tortola, British Virgin Islands
London, United Kingdom
Official websites
  • fibogroup.com
  • ig.com
  • www.ig.com
Facts last checked
20 October 2026
20 October 2026

Regulation and protection

Company you would contract with
FIBO Group, Ltd.
IG Markets Ltd
Regulator
FSC BVI
British Virgin Islands
FCA
United Kingdom
Regulation level
Offshore registration only
Strictly regulated
Licence number
Investment Business Licence SIBA/L/13/1063
Check the register
195355
Check the register
Clients this company serves
All clients of fibogroup.com (not available to residents of the UK, US or North Korea)
UK residents (CFDs and share dealing); also international accounts for South African clients
All licences held
  • FSC BVI (British Virgin Islands)
  • FCA (United Kingdom)
  • FCA (United Kingdom)
  • BaFin (European Union)
  • FINMA (Switzerland)
  • ASIC (Australia)
  • FMA (New Zealand) (New Zealand)
  • MAS (Singapore)
  • JFSA (Japan)
  • CFTC / NFA (United States)
  • DFSA (Dubai (DIFC), UAE)
  • FSCA (South Africa)
Segregated client money
No
Yes
Negative balance protection
No
Yes
Compensation scheme
None
FSCS up to £85,000 (UK); EdW 90% of a claim up to €20,000 (IG Europe); esisuisse up to CHF 100,000 (Switzerland); none in Australia, Singapore, South Africa or the UAE

Costs

Your monthly cost
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Cost per lot (EUR/USD)
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Spread from
No accounts listed
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Typical EUR/USD spread
No accounts listed
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Commission per lot (round turn)
No accounts listed
No accounts listed
Typical GBP/USD spread
Not yet checked
Not yet checked
Typical USD/JPY spread
Not yet checked
Not yet checked
Typical XAU/USD spread
Not yet checked
Not yet checked
Swap-free account
Yes
Not yet checked

Leverage and margin

Maximum retail leverage
Up to 1:400 on standard accounts; up to 1:3000 and 1:5000 on cent accounts
1:30 on major pairs (UK, EU, Australia)
Retail leverage by asset class
Not yet checked
  • Major currency pairs: 1:30
  • Other currency pairs: 1:20
  • Other commodities and non-major indices: 1:10
  • Share CFDs: 1:5
Margin call level
Not yet checked
Not yet checked
Stop-out level
20% (MT4 Cent, MT4 Fixed, cTrader NDD, cTrader Zero Spread); 50% (MT4 NDD, MT4 NDD No Commission, MT5 NDD, MT5 Cent)
50% (UK and EU retail close-out rule)

Account

Minimum deposit (this account)
No accounts listed
No accounts listed
Base currencies
No accounts listed
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Execution
No accounts listed
No accounts listed

Platforms and features

Platforms
  • MetaTrader 4
  • MetaTrader 5
  • cTrader
  • MT4 WebTerminal
  • IG web platform
  • Mobile app
  • MetaTrader 4
  • ProRealTime
  • L2 Dealer
  • TradingView
Markets
Up to 43 currency pairs, metals, CFDs, 13 cryptocurrencies and 50 US shares, depending on the account
17,000+ markets, including 80+ forex pairs, indices, shares, commodities and options
Demo account
Yes
Yes
Copy trading
Not yet checked
Not yet checked
Expert advisors (automated trading)
Yes
Yes
News trading allowed
Not yet checked
Not yet checked
Guaranteed stops
Not yet checked
Not yet checked

Deposits and withdrawals

Deposit methods
  • Bank transfer
  • Visa and Mastercard
  • E-wallets
  • Debit card
  • Credit card
  • Bank transfer
  • PayPal
Withdrawal fee
Not yet checked
Free by card and bank transfer (UK)
Inactivity fee
Up to $5 a month on accounts with no trade for 91 days, if FIBO introduces the fee
None on the UK trading account

Support

Customer support
Phone (+44 845 09-50-118) and call-back requests
24 hours a day from 8am Saturday to 10pm Friday (UK time), by phone, web chat and WhatsApp

Our notes

Strengths
  • 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
  • UK, EU and Swiss companies authorised by strict regulators, with client money segregated and a compensation scheme in each
  • Negative balance protection for UK and EU retail clients
  • No inactivity, account or card-deposit fees on the UK trading account
  • Very wide market range, including spread betting for UK clients
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
  • Says IG International Limited (for clients outside IG's local offices) is licensed by the Bermuda Monetary Authority; we could not confirm it on the BMA register on 2026-10-20 because the BMA website was unavailable.
  • The Australian IG trading account does not have negative balance protection; only the limited risk account caps losses
  • IG publishes minimum spreads, not typical spreads, so the real cost depends on market conditions
  • Minimum deposit varies by region: £250 in the UK, €300 in the EU, CHF 2,500 in Switzerland

Risk warnings

The buttons to a broker’s website above the table are partner links: we may earn a commission if you open an account through them. That never changes the facts shown here. Trading leveraged products such as forex and CFDs carries a high risk of losing money rapidly, and most retail accounts lose money. Each broker’s own warning:

  • FIBO Group: Forex trading involves significant risk, including the potential loss of all invested funds. It may not be suitable for everyone. Please assess your risk tolerance carefully.
  • IG: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money.

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Other head-to-head pages

Cost per lot is the typical EUR/USD spread in busy hours × $10, plus any round-turn commission, for one standard lot. “Not yet checked” means we have not confirmed that fact yet. This page compares facts; it does not rank the brokers or recommend either. Confirm costs and licences on each broker’s site and the regulator’s public register before opening an account: see how we review brokers and check a broker yourself.

Nothing on this page is financial advice. Read the full disclaimer.

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