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FIBO Group (Cyprus) vs FOREX.com
Both of these regulated forex brokers have built a positive reputation, and feedback from our members supports that.
That said, FIBO Group (Cyprus) currently holds a stronger overall rating (3.9) than FOREX.com (0).
FIBO Group (Cyprus) has a higher minimum deposit than FOREX.com, at 300.0.
Both platforms offer their clients demo accounts, mobile trading, scalping.
Traders should note that
both companies offer the same minimum lot size 0.01, but FIBO Group (Cyprus) has a maximum lot size of 200.0, while FOREX.com offers 1000.0.
Each broker offers an equal maximum leverage of 1:400.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
If youre unsure which of these two brokers to choose, you can always explore our full list of recommended brokers here or ask for opinions from other members in Myfxbook Community.
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Overall Rating:
Platform:
Pricing:
Customer service:
Features:
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| Minimum deposit ($) | 300.0 | 100.0 |
| Commission | 0.0 | 0.0 |
| Accepting US clients? | ||
| Swap free accounts | ||
| Segregated accounts | ||
| Interest on margin | ||
| Managed accounts | ||
| Accounts for money managers (MAM, PAMM) | ||
| One click trading | ||
| API | ||
| OCO orders | ||
| Trading over the phone | ||
| Hedging allowed | ||
| Trailing stops | ||
| Mobile trading | ||
| Scalping allowed | ||
| Bonuses | ||
| Demo Accounts | ||
| Web based trading | ||
| Contests | ||
| Decimals | 5 | 5 |
| Minimum lot size | 0.01 | 0.01 |
| Maximum lot size | 200.0 | 1000.0 |
| Spread | Variable | Variable |
| Broker type | Market Maker, NDD | Market Maker |
| Maximal leverage (1:?) | 400 | 400 |
| Availability | Market Maker, NDD | Market Maker |
| Regulation | FSC (British Virgin Islands), CySEC (Cyprus) | CySEC (Cyprus), CIMA (Cayman Islands), MAS (Singapore), SCA (UAE) |
| Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5) | MetaTrader 4 (MT4), MetaTrader 5 (MT5) |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, WebMoney, Neteller, Skrill, Okpay | Wire Transfer, Credit Card, Debit Card |
| Account Currency | USD, GBP, EUR, CHF, RUB | USD, GBP, EUR, CHF, JPY, NZD |
| Languages | English, Spanish, German, Russian, Chinese, Indonesian, Arabic, Farsi | English, Spanish, Chinese, Arabic |
| Country | Cyprus | Cayman Islands |
| Trading platform(s) timezone | Austria, Cyprus, Germany, Kazakhstan, Russia, Singapore, Ukraine | Cayman Islands |
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, CFDs | CFDs: Indices, Commodities, Energies |
| spreads | ||
| EUR/USD | - | - |
| GBP/USD | - | - |
| USD/JPY | - | - |
| USD/CAD | - | - |
| XAU/USD | - | - |
