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This brokerage firm belongs to the category of well-established Forex brokers that are regulated by the offshore BVI FSC financial watchdog. Fibo Group was launched in 1998 and managed to receive many awards in the niche for top-notch services and a variety of financial instruments they offer to clients.
How to Get Started with Fibo Group
First and foremost, traders need to open an account to gain access to all the features that are available to clients. This is a standard procedure that requires new customers to provide the brokerage firm with their first and last name, an active email address, and a phone number.
The registration procedure seems to be straightforward as there are not many things to do. Once the account is set up, one needs to deposit funds. Fibo Group accepts various payment methods, including bank wire, credit and debit cards, electronic wallets, and cryptocurrencies.
The minimum starting amount is $1, but players should be aware of the minimum possible transaction amount when it comes to each particular banking option.
The brokerage firm offers various types of accounts that, in turn, allow you to choose trading conditions for a variety of strategies. The average spread starts at 0 pips and may reach 2.0 pips. As for leverage, traders can get a credit of up to 1:1000.
This Fibo Group review would not be complete without mentioning the trading platforms that one can use to place orders. There are several types of trading terminals inside that one can choose from, including Metatrader 4, Metatrader 5, and cTrader.
All those platforms are suitable for deep market research, offering about 100+ technical indicators in total, as well as many useful graphic tools to build support and resistance levels, trend lines, channels, etc.
Along with multiple trading features, one can also benefit from some investment opportunities like PAMM and Automated trading. Even those who don’t have enough trading experience can enjoy profits by investing in more successful market participants or simply by getting signals from various automated trading systems.
By choosing the PAMM feature, investors gain access to a variety of traders. One of the benefits of this feature is that one can make a reasonable choice based on a plethora of various stats that are collected in a special table. Therefore, the main idea behind this type of activity is to allocate funds and divide them between the most successful traders.
Fibo Group is an international Forex brokerage firm with a variety of financial services that allow traders and investors to participate in various market activities. The company offers comfortable trading conditions to all its traders, allowing them to benefit from competitive spreads and commissions.