Fibogroup is a forex and CFD broker that was founded in 1998, making it one of the oldest brokers in the industry. The broker is headquartered in Russia and has a strong presence in Eastern Europe, the Middle East, and the CIS regions. Fibogroup is known for its ECN (Electronic Communication Network) and STP (Straight Through Processing) execution models, which provide clients with direct access to interbank liquidity and transparent pricing.
The broker offers a wide range of trading instruments, including forex, metals, commodities, indices, and cryptocurrencies. Fibogroup is also one of the few brokers that offer both MetaTrader platforms and a proprietary trading platform, FiboTrader, which includes advanced charting and automation capabilities.
Fibogroup has positioned itself as a broker that caters to both retail and institutional traders, offering flexibility in account types, leverage, and execution models. The broker's long history and focus on transparency have contributed to its reputation in the industry.
Fibogroup is regulated by the Central Bank of Russia (CBR) under licence number 045-14048-020000. The CBR is the primary financial regulator in Russia, and it imposes capital adequacy, client fund segregation, and reporting requirements on its licensees. Fibogroup is also a member of the Financial Commission (FinCom), an independent dispute resolution body that provides compensation protection of up to €20,000 per client.
Client funds at Fibogroup are held in segregated accounts with tier-1 banks, separate from the broker's operational funds. This segregation provides a layer of protection in the event of the broker's insolvency. Additionally, the broker implements negative balance protection, which ensures that retail clients cannot lose more than their account balance.
It is important to note that Fibogroup is not regulated by top-tier authorities such as the FCA (UK), ASIC (Australia), or CySEC (Cyprus). This may influence the level of recourse available to clients in the event of disputes, although the FinCom membership provides an alternative dispute resolution mechanism.
Always verify the current regulatory status on the CBR website and the broker's compliance page. Regulatory status and licensing can change over time, so it is essential to check directly with the authorities.
Fibogroup offers several account types to suit different trading styles and capital levels. The main account types are the Standard Account, Pro Account, and ECN Account.
All account types offer negative balance protection and access to the full range of trading instruments. The Pro and ECN Accounts are best suited for traders who require tighter spreads and are willing to pay a commission, while the Standard Account provides a simpler, commission-free structure.
Islamic (swap-free) accounts are also available for traders who comply with Sharia law. These accounts do not incur overnight swap charges on positions held longer than one day. Contact customer support to request an Islamic account.
Fibogroup offers flexible pricing models depending on the account type. The table below summarises the typical spreads and commission structures for major forex pairs across account types.
| Instrument | Standard Account Spread | Pro Account Spread | ECN Account Spread | Commission (Pro/ECN) |
|---|---|---|---|---|
| EURUSD | 0.8 pips | 0.2 pips | 0.0 pips | $6 / $5 per lot RT |
| GBPUSD | 1.0 pips | 0.3 pips | 0.0 pips | $6 / $5 per lot RT |
| USDJPY | 0.9 pips | 0.2 pips | 0.0 pips | $6 / $5 per lot RT |
| Gold (XAUUSD) | 2.5 pips | 1.0 pips | 0.5 pips | $6 / $5 per lot RT |
| Crude Oil (WTI) | 3.0 pips | 1.5 pips | 0.8 pips | $6 / $5 per lot RT |
In addition to spreads and commissions, Fibogroup charges overnight swap rates (rollover fees) on positions held past the daily cut-off time. Swap rates are dynamic and depend on the interest rate differentials between the currencies in the pair. Positive and negative swap rates may apply.
There are no hidden account maintenance fees or inactivity fees at Fibogroup, which is a positive factor for traders who may not trade frequently.
Fibogroup provides the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, as well as its proprietary FiboTrader platform. Both MT4 and MT5 are available as desktop applications, web-based platforms, and mobile apps for iOS and Android. MT4 remains the preferred choice for forex traders due to its extensive library of custom indicators, Expert Advisors (EAs), and user-friendly interface. MT5 offers additional asset classes, more timeframes, and advanced order types, making it suitable for traders who trade multiple instrument types.
Fibogroup's proprietary platform, FiboTrader, offers advanced charting, one-click trading, and access to a wide range of technical tools. The platform is designed for both retail and institutional traders and is available in multiple languages. FiboTrader is particularly popular among traders who prefer a customised trading environment.
Fibogroup also provides access to copy trading services through third-party providers, allowing traders to follow and replicate the strategies of experienced traders. Additionally, the broker offers a free demo account with virtual funds, enabling traders to test the platform and trading conditions without risking real money.
Fibogroup offers a diverse range of tradable instruments across multiple asset classes. The broker provides competitive pricing on forex pairs, metals, commodities, indices, and cryptocurrencies.
All instruments are traded as CFDs, meaning you do not own the underlying asset. This allows for both long and short positions and provides access to leverage. The broker's product list is subject to change, so check the available instruments in your account dashboard.
Fibogroup supports a variety of deposit and withdrawal methods, including bank wire, credit/debit cards (Visa, Mastercard), and e-wallets such as Skrill, Neteller, and Perfect Money. Deposits are typically processed instantly for card and e-wallet payments, while bank wire transfers may take 1-3 business days.
Withdrawal requests are processed within 24 hours during business days, with funds reaching your account within 1-5 business days depending on the method. Fibogroup does not charge internal withdrawal fees, but international bank transfers and currency conversions may incur third-party charges. The broker requires that withdrawals be made to the same payment method used for deposits, in compliance with anti-money laundering (AML) policies.
The following table summarises the key advantages and disadvantages of trading with Fibogroup.
| Category | Pros | Cons |
|---|---|---|
| Regulation | Central Bank of Russia regulated; Financial Commission member | Not regulated by top-tier authorities (FCA, ASIC, CySEC) |
| Fees | Competitive spreads, no deposit/withdrawal fees, no inactivity fees | Pro and ECN Account commissions apply; swap rates may be high for certain pairs |
| Platforms | MT4, MT5, and proprietary FiboTrader platform | FiboTrader may have a learning curve; limited third-party integrations |
| Account Types | Multiple account types (Standard, Pro, ECN) with Islamic accounts available | ECN Account requires a high minimum deposit ($1,000) |
| Instruments | 50+ forex pairs, metals, indices, commodities, and cryptocurrencies | No equities or ETFs; crypto offerings are CFD-only |
| Customer Support | 24/5 live chat, email, and phone support | No 24/7 support; limited weekend assistance |
Anna is an experienced forex trader who trades an average of 12 lots per month on EURUSD and GBPUSD. She opens a Fibogroup Pro Account with a $2,000 deposit. With the Pro Account, she benefits from spreads as low as 0.2 pips on EURUSD and pays a $6 round-turn commission per lot. Over a typical month, her total trading costs are significantly lower than if she were using a standard account with wider spreads.
Anna uses MT5 for its advanced charting and order management tools. She also connects her account to a third-party signal provider to diversify her trading strategies. She appreciates the quick execution and stable platform performance. Anna maintains a strict stop-loss discipline and uses negative balance protection as a safeguard.
This scenario illustrates how the Pro Account can be cost-effective for active traders, while the Standard Account remains accessible for traders with smaller capital or lower frequency.
Forex and CFD trading carries a high level of risk and may not be suitable for all investors. The use of leverage can lead to losses that exceed your initial deposit. Before trading with Fibogroup or any broker, you should carefully consider your investment objectives, level of experience, and risk appetite. You should be aware of all the risks associated with trading CFDs and seek advice from an independent financial advisor if you have any doubts.
This review is for informational purposes only and does not constitute financial, investment, legal, or tax advice. Trading conditions, fees, and regulatory status are subject to change. Always verify current terms and conditions directly on the official Fibogroup website and consult the relevant regulatory authorities before opening an account.
Past performance is not indicative of future results. Neither ForexRe nor the author of this guide accepts liability for any trading losses incurred. You are solely responsible for your trading decisions.
Yes, Fibogroup is regulated by the Central Bank of Russia (CBR) under licence number 045-14048-020000 and is also a member of the Financial Commission. Always verify the current status on the CBR register and the broker's official website.
Fibogroup offers MetaTrader 4 (MT4), MetaTrader 5 (MT5), and its proprietary platform FiboTrader. All platforms are available on desktop, web, and mobile.
The minimum deposit for the Standard Account is $10, for the Pro Account it is $500, and for the ECN Account it is $1,000. Check the broker's website for current requirements.
Fibogroup offers variable spreads starting from 0.2 pips on EURUSD for the Pro Account and from 0.8 pips on the Standard Account. The ECN Account offers raw spreads from 0.0 pips.
Fibogroup does not charge internal fees for deposits or withdrawals. However, third-party payment processors, banks, or currency conversion costs may apply.
Fibogroup offers leverage up to 1:500 for forex pairs, with lower leverage for indices, commodities, and cryptocurrencies. Leverage limits depend on the account type and instrument.
Yes, the Standard Account has a very low minimum deposit ($10) and commission-free trading, making it accessible for beginners. Fibogroup also provides demo accounts, educational resources, and a user-friendly proprietary platform.
Withdrawals can be made via bank wire, credit/debit cards, and e-wallets such as Skrill and Neteller. Processing times vary from 1 to 5 business days. Always confirm current methods and limits on the broker's official site.