FIBO Group Review 2026: BP Testing & BVI Regulation

What Is FIBO Group?

FIBO Group has operated since 1998, and is one of the older names in online trading. FIBO Group started its business as Financial Intermarket Brokerage Online, which was an investment consulting firm. It later moved its focus towards online forex and CFD trading. With the passage of time, the group established offices in different cities such as Munich, Limassol, Almaty and Singapore. It built it client base across Eastern Europe, Central Asia, the Middle East and Southeast Asia.

For years, FIBO operated through two main entities. FIBO Group Holdings Ltd, later changed into FIBO Markets Ltd, held a Cyprus license and served European clients. FIBO Group, Ltd. in the BVI served international clients. In December 2024, the Cyprus company announced it would give up its license. CySEC officially cancelled license 118/10 on 25 August 2025. The BVI company now serves most of FIBO Group’s international retail clients.

FIBO offers three popular trading platforms: MT4, MT5 and cTrader. Second, it provides several account types, including Cent accounts and NDD accounts with commission-based pricing. Investors can put money with a manager and share the profits or losses through PAMM service.

The main concern is regulation. The BVI entity does not offer the same protections as a broker licensed by a top-tier regulator, and clients do not have access to an investor compensation scheme through this entity. FIBO also does not publish a retail loss figure. These limitations are important when considering its platforms and account features.

Additionally, FIBO offers quite limited market range. It offers more than 60 currency pairs, gold and silver, energy and soft commodity CFDs, major indices, a small selection of crypto CFDs, and US stock CFDs on MT5 and cTrader. However, it does not offer real shares, ETFs or bonds. We tested its live accounts for 30 days and made two withdrawals to assess its costs, execution, and payment process.

How We Reviewed FIBO Group

We tested FIBO Group with real money through its BVI entity for 30 trading days, from 1 September to 10 October 2026.

We opened three accounts:

• MT4 NDD – funded with $500 by Visa card
• cTrader NDD – funded with $300 by Skrill
• MT4 NDD No Commission – funded with $200 by USDT (TRC-20)

We also opened an MT5 Cent account with $20 to compare its pricing and created a demo account on each platform. Every number in this review comes from those accounts or from our own checks of public registers. We did not accept any information from FIBO that we could not verify ourselves. BrokersProfile keeps full editorial control. Affiliate links never change our scores or our findings.

Our Testing Methodology

We evaluate every broker using the same seven pillars, so you can compare scores honestly. For FIBO Group, we checked each area using our standard method.

What We Found During Our Testing

Spreads

FIBO’s NDD accounts offer the best value for active traders. We logged an average EUR/USD spread of 0.3 pips during London hours on MT4 NDD. Add the 0.003% commission (about $3.50 per side at current prices) and one standard lot costs roughly $10 all-in. It works well, but the costs are still high. Tickmill and IC Markets both come in near $7.

The NDD No Commission account averaged 1.4 pips on EUR/USD, or about $14 per lot. The MT4 Fixed account maintained its spread at 2.0 pips, which costs $20 per lot on every trade. We recorded an average of 1.6 pips on the MT5 Cent account.

At the September 2026 US jobs release, EUR/USD on MT4 NDD jumped to 4.6 pips and took about 70 seconds to return. Gold spreads widened to 1.9 points during the same period.

Execution

We sent 280 market orders across both NDD platforms.

Fills were slower than the brokers we usually rank highly. The good news is that slippage split almost evenly, which points to real market routing rather than one-sided price shading. cTrader filled about 15 ms faster than MT4 on average.

Account Opening

Sign-up took 11 minutes, and FIBO approved our documents in 6 hours. The Visa deposit arrived in 4 minutes, Skrill in 2 minutes, and USDT in about 9 minutes.

Withdrawals

Withdrawal 1 – $200 to Skrill: Requested Monday 09:40 UTC. FIBO approved it the next business day and the money arrived 26 hours after the request. Skrill's 1% fee ($2) came off the amount.

Withdrawal 2 – $150 to Visa: Requested Wednesday. FIBO processed it within one business day, and the card refund showed 5 business days later. The fee was 2.5% plus €1.50, about $5.50 in total.

We received both withdrawals successfully, but FIBO charged fees on each. This makes withdrawals more expensive than with brokers that charge no fees.

Platforms in Daily Use

We tested all three platforms. MT4 and MT5 performed exactly as they do at any other broker, which is a good thing. All three platforms worked well, with no freezes or missing symbols. cTrader worked best.

The cTrader order ticket shows the commission before you place a trade, making costs easy to check. During our 30-day test, MT4 disconnected once for about 40 seconds on a Tuesday morning. We had no other issues.

Customer Support

Our Honest Take at BrokersProfile

FIBO Group has some strengths, but it falls short of the top brokers. FIBO offers a good choice of trading platforms. Few brokers of this size offer MT4, MT5 and cTrader under one login.

The NDD accounts perfectly managed orders. We recorded balanced slippage, and didn’t experience a requote on any of our 280 NDD orders. FIBO offers a well-established PAMM service. Beginners can trade with real money using very small amounts through its cent accounts.

The main concern is FIBO’s exit from CySEC regulation in 2025. Most international retail clients now use an offshore company, which offers no investor compensation scheme.

Most withdrawal methods carry a fee. We also recorded a 2–5 times slower execution as compared to the fastest brokers we tested. And the all-in cost on the NDD account (about $10 per lot on EUR/USD) is higher than the raw accounts at Tickmill, IC Markets or Pepperstone.

Our verdict: FIBO Group earns a BP Score™ of 58/100. FIBO may suit experienced traders who want cTrader or PAMM and understand the risks of offshore regulation. Keep only a small amount of money with FIBO. If safety of funds is your first filter, look elsewhere.