FIBO Group vs FOREX.com Comparison
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Comparison Table of FIBO Group and FOREX.com
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 4.1/5 | 4.1/5 |
| Foundation Year | 1998 | 2000 |
| Regulated in Countries | British Virgin Islands | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia |
| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:50 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FIBO Group Review | FOREX.com Review |
FIBO Group is suitable for various types of traders, including beginners and experienced ones. A wide selection of accounts and trading platforms allows every trader to find the right solution.
FOREX.com is suitable for traders of all levels due to its reliability, wide range of assets, and excellent customer service.
FIBO Group Review
FIBO Group is suitable for various types of traders, including beginners and experienced ones. The broad selection of accounts and trading platforms allows every trader to find an appropriate solution. Additionally, educational materials and analytics will aid in skill development and making informed trading decisions.
The broker offers competitive trading conditions, various instruments, and robust support. However, fees and the absence of certain assets may limit its potential.
Pros and Cons of FIBO Group
Pros
- A wide selection of trading and investment accounts.
- Low spreads, which facilitates more profitable trading.
- A wide range of payment methods.
- Availability of various trading platforms.
- Comprehensive analytics and educational materials.
Cons
- An inactivity fee.
- Withdrawal fees.
- The absence of stocks and ETFs in the range of instruments.
FIBO Group is in the top 10 of the following ratings:
FOREX.com Review
FOREX.com is an excellent broker for trading in the Forex and CFD markets. They offer fast execution speeds, a wide selection of currency pairs, and other assets for trading. Their customer service is outstanding, and multiple financial authorities regulate them.
Pros and Cons of FOREX.com
Pros
- Broker with many years of history and a global reputation.
- A variety of deposit methods.
- A wide variety of available markets and products.
- Advanced analytical tools and daily updates from the company's professionals.
- Comprehensive educational materials for all levels of traders.
Cons
- Lack of specialized accounts.
- High transaction fee on DMA Account.
FOREX.com is in the top 10 of the following ratings:
Reliability
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Reliability | 3/5 | 5/5 |
| Foundation Year | 1998 | 2000 |
| Regulated in Countries | British Virgin Islands | Cayman Islands, United Kingdom, United States, Cyprus, Hong Kong, Japan, Singapore, Australia |
| Regulators | BVIFSC BVIFSC | CIMA CIMA FCA FCA CIRO CIRO CySEC CySEC NFA NFA CFTC CFTC SFC SFC JFSA JFSA MAS MAS ASIC ASIC |
FIBO Group
FIBO Group, regulated by the BVIFSC, offers a certain level of reliability; however, its affiliation with an offshore zone may raise investor concerns.
FOREX.com
The company is strictly regulated, has a long-standing market presence, and is open to investors.
Pros
- Broad global regulation.
- Long-term market presence.
- Parent company traded on NASDAQ.
Account Opening
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Account Opening | 5/5 | 4/5 |
| Minimum Deposit |
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FIBO Group
The registration and verification process is quick and secure, and the Client Area's functionality provides traders convenience.
FOREX.com
The account opening process at FOREX.com is quite standard but potentially prolonged due to required verification.
Pros
- Transparent registration process.
- Strict verification for security.
Cons
- Verification may take time.
- A lot of information is required.
Account Types
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Account Types | 5/5 | 3.5/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0.1 points |
| Max Leverage | 1:1000 | 1:50 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Demo Account | ||
| Swap-free Account |
FIBO Group
FIBO Group offers a range of options that cater to different types of traders, from novices to professionals.
FOREX.com
FOREX.com offers standard account types that satisfy most traders, but some essential accounts are missing.
Pros
- Direct Market Access account available.
- Demo account for strategy testing.
- The ability to trade on behalf of a company.
Cons
- No cent accounts.
- No Islamic accounts.
- No options for passive investing.
Commissions
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Commissions | 3/5 | 2.2/5 |
| Spread | from 0 points | from 0.1 points |
| Average Spread (EURUSD) | 0.8 | 1.3 |
| Commission per Lot | $3 | $6.48 |
FIBO Group
FIBO Group's commissions are average for the market, with attractive spreads and swaps, but there may be additional costs.
Pros
- Lower-than-market spreads.
- Moderate transaction fees.
Cons
- Inactivity fee.
- Potential costs for depositing/withdrawing funds.
FOREX.com
FOREX.com's commissions are above average. Conditions can be improved for traders with high volumes.
Pros
- Potential reduction in commissions with increased trading volume.
- Rebate program for major American traders.
- No fees for deposits and withdrawals.
Cons
- High transaction commission on DMA accounts.
- Inactivity fee.
- High swaps.
Deposit and Withdrawal
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 4.5/5 | 4.3/5 |
| Account Funding Methods |
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FIBO Group
A broad selection of payment methods and prompt payment processing.
Pros
- A large selection of payment systems, including cryptocurrencies.
- No deposit fees through many payment systems.
- Standard processing times for payments.
Cons
- Withdrawal fees through certain payment systems.
- Withdrawal of funds only in the same way as the deposit.
FOREX.com
FOREX.com provides diverse and convenient methods for depositing and withdrawing funds with low costs and reasonable processing times.
Markets and Products
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Markets and Products | 3.5/5 | 4.5/5 |
| Forex | 48 | 91 |
| Precious Metals | 5 | 16 |
| Energy Carriers | 4 | 14 |
| Soft Commodities | 4 | 22 |
| Indices | 8 | 54 |
| Cryptocurrency | 13 | 12 |
| Stocks | - | 5500 |
| ETF | - | 318 |
| Bonds | - | 14 |
FIBO Group
FIBO Group offers a decent range of financial instruments.
Pros
- A large number of currency pairs.
- Availability of CFDs on cryptocurrencies.
- Access to trading futures on indices.
Cons
- Lack of stocks and ETFs.
- Additional products may be required for professional traders.
FOREX.com
Although its leverage is relatively low, FOREX.com offers an extensive selection of markets and products.
Trading Platforms
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Trading Platforms |
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FIBO Group
FIBO Group offers three leading trading platforms, combining flexibility and functionality.
Pros
- Support for popular platforms MT4, MT5, and cTrader.
- The ability to develop custom trading algorithms.
- High-speed order execution on the cTrader platform.
Cons
- Lack of a proprietary unique platform.
FOREX.com
FOREX.com provides a wide choice of trading platforms, including MT4, its proprietary platform, NinjaTrader, and TradingView, supporting all formats - online, desktop, and mobile applications.
Analytics
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 5/5 | 5/5 |
FIBO Group
The analytics section of FIBO Group is substantial and varied.
Pros
- A wide array of analytical tools and information.
- Daily forecasts and market updates.
- The presence of an economic calendar and current currency rates.
FOREX.com
Analytics at FOREX.com is a powerful tool for traders, providing extensive information and in-depth market analysis.
Education
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 5/5 | 5/5 |
FIBO Group
Education at the FIBO Group Academy is highly valued due to its wide range of educational materials and experienced instructors.
Pros
- A variety of educational programs for traders of all levels.
- Professional expert instructors with years of Forex market experience.
- Availability of practical courses, webinars, video courses, and analytical streams.
Cons
- Lack of personalized approach in training.
FOREX.com
FOREX.com offers a rich educational program suitable for all levels of traders, enhancing the user experience.
Customer Support
| Broker | FIBO Group | FOREX.com |
|---|---|---|
| Rating | 5/5 | 5/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
Facebook
TwitterFIBO Group
The technical support of the FIBO Group broker is positively evaluated due to its professional customer service system and the availability of contact channels.
FOREX.com
FOREX.com provides excellent technical support with fast and professional service, available 24/7.
