FIBO Group vs Roboforex Comparison: Which Is Better for Traders?
We test brokers on real accounts using our own methodology, evaluating the quality of order execution, trading conditions, platforms and customer support.
Who is better - FIBO Group or Roboforex?
Our pick: Roboforex
Based on multiple factors - spreads and fees, available assets and instruments, execution quality, platform usability, support level, and educational resources - Roboforex looks preferable to FIBO Group.
Roboforex scored 4.4/5 and ranks 14 in our all Forex brokers list, whereas FIBO Group has 4.1/5 and ranks 41.
This is not financial advice. See the full comparison below.
Who is FIBO Group suitable for?
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.
Who is Roboforex suitable for?
Roboforex is suitable for both beginners and professional traders, thanks to its impeccable reputation, reliability, and fair conditions.
Comparison Table of FIBO Group and Roboforex
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Rating | 4.1/5 | 4.4/5 |
| Foundation Year | 1998 | 2009 |
| Regulated in Countries | British Virgin Islands | Belize |
| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| Trading Assets (CFDs) |
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| Trading Platforms |
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| Review | FIBO Group Review | Roboforex Review |
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:
Roboforex Review
RoboForex is recognized as one of the few Forex brokers with an impeccable reputation. The company strictly adheres to its regulations, does not delay payments, and provides fair quotes. RoboForex can be a good choice for both novice and professional traders due to its robust offerings, which include a variety of trading instruments, account types, platforms, and competitive trading conditions. The broker's commitment to transparency and customer service further solidifies its standing in the Forex community.
Pros and Cons of Roboforex
Pros
- A variety of trading platforms.
- Over 12,000 trading assets.
- Different types of trading accounts.
- Competent 24/7 customer support.
- Loyalty programs and bonus offers for clients.
- Low spreads and fees.
Cons
- Regulation in an offshore jurisdiction.
- Beginner traders may find a lack of educational materials.
Roboforex is in the top 10 of the following ratings:
Reliability
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Reliability | 3/5 | 3.6/5 |
| Foundation Year | 1998 | 2009 |
| Regulated in Countries | British Virgin Islands | Belize |
| Regulators |
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.
Roboforex
RoboForex, as a regulated broker, offers a high degree of client protection and compliance with standards.
Pros
- Regulated by the Financial Services Commission (FSC).
- Participation in The Financial Commission's Compensation Fund.
- Civil Liability Insurance Program in place.
Cons
- Lacks oversight from stricter regulators such as the FCA, ASIC or CFTC.
Account Opening
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Account Opening | 5/5 | 5/5 |
| 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.
Roboforex
Registration on the RoboForex website is quick and uncomplicated. A notable advantage is the option to select the type of account right at registration, which is beneficial for those who already know they want to trade on a live account.
Account Types
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Account Types | 5/5 | 4.8/5 |
| Trading Accounts |
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| Minimum Deposit |
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| Spread | from 0 points | from 0 points |
| Max Leverage | 1:1000 | 1:2000 |
| 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.
Roboforex
RoboForex accounts offer sufficiently diverse trading conditions to meet the needs of various trader categories, from beginners to professionals who prefer investing.
Pros
- Availability of ECN and cent accounts
- Access to VPS
- Regularly held contests
Cons
- Lack of fixed spread accounts
Commissions
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Commissions | 3/5 | 3.7/5 |
| Spread | from 0 points | from 0 points |
| Average Spread (EURUSD) | 0.8 | 1.4 |
| Commission per Lot | $3 | $2.16 |
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.
Roboforex
RoboForex boasts relatively low commissions, potentially appealing to a broad spectrum of traders.
Pros
- Low trading fees
- No inactivity fee
- No withdrawal fee
Cons
- High swaps.
Deposit and Withdrawal
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Rating | 4.5/5 | 5/5 |
| 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.
Roboforex
A wide array of deposit and withdrawal methods, including bank transfers, credit cards, and electronic wallets, makes the process of funding and cashing out convenient and flexible for traders.
Pros
- Extensive deposit and withdrawal options
- No deposit and withdrawal fees
- Broker covers payment system commissions twice a month
Markets and Products
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Markets and Products | 3.5/5 | 5/5 |
| Forex | 48 | 33 |
| Precious Metals | 5 | 5 |
| Energy Carriers | 4 | 2 |
| Soft Commodities | 4 | 4 |
| Indices | 8 | 12 |
| Cryptocurrency | 13 | - |
| Stocks | - | 8400 |
| ETF | - | 19 |
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.
Roboforex
RoboForex offers an extensive range of trading instruments, with over 12,000 options available, impressively catering to traders' diverse needs. Traders have access to classic Forex instruments, CFDs, and even real stocks.
Trading Platforms
| Broker | FIBO Group | Roboforex |
|---|---|---|
| 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.
Roboforex
One of RoboForex's trump cards is the variety of trading platforms. With so many options, it can sometimes be challenging for a beginner to choose.
Analytics
| Broker | FIBO Group | Roboforex |
|---|---|---|
| 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.
Roboforex
RoboForex provides extensive analytical tools and materials, including an analytics center, market forecasts, an economic calendar, and a trading calculator.
Education
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Rating | 5/5 | 3.5/5 |
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.
Roboforex
Despite some educational materials such as webinars, videos, and FAQ lists, it seems that RoboForex lacks some vital educational resources.
Pros
- Availability of webinars and video tutorials
Cons
- Lack of courses, seminars, and extensive articles
Customer Support
| Broker | FIBO Group | Roboforex |
|---|---|---|
| Rating | 5/5 | 4.7/5 |
| Email Support |
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| Hotline Phones |
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| Social Media |
Telegram
YouTube
Messenger
Viber
Whatsapp
Skype
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.
Roboforex
RoboForex offers several communication methods, including online chat, email, and phone. The 24/7 online chat is convenient for clients in different time zones.
Pros
- Multiple support communication channels
- 24/7 customer support
- Telegram bot available
Cons
- Only international phone calls available
Comparisons of FIBO Group and Roboforex with other brokers
Conclusion
Roboforex stands out as the better overall pick, while FIBO Group trails on aggregate criteria.
Roboforex scored 4.4/5 and ranks 14 in our rating; FIBO Group has 4.1/5 and ranks 41.
We explain the reasons above in detail — fees, platforms, reliability, support, and more.
FAQ
Which broker is better: FIBO Group or Roboforex?
Roboforex comes out ahead by overall rank (score 4.4/5, position 14) versus FIBO Group (score 4.1/5, position 41).
Which broker is better for beginners: FIBO Group or Roboforex?
Roboforex is often a smoother start thanks to simpler onboarding and stronger baseline metrics. Still, your tools and budget should drive the final choice.
Who has lower typical trading costs (spreads/commissions) — FIBO Group or Roboforex?
It depends on the instrument and account type. Compare the live conditions in the “Commissions” section on this page — we break down the nuances category by category.
What trading platforms are available with FIBO Group and Roboforex?
FIBO Group: MetaTrader 4, cTrader, MetaTrader 5. Roboforex: MetaTrader 5, MetaTrader 4, R WebTrader, R MobileTrader, R StocksTrader. See the “Platforms” section for details and selection tips.
What markets can you trade with FIBO Group and Roboforex?
FIBO Group: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Cryptocurrency. Roboforex: Forex, Precious Metals, Energy Carriers, Soft Commodities, Indices, Stocks, ETF. Full lists and differences are in the “Markets” section.
What account types are offered by FIBO Group and Roboforex?
FIBO Group: MT4 Cent, MT4 Fixed, MT4 NDD, MT4 NDD No Commission, cTrader NDD, MT5 NDD. Roboforex: Pro, Pro-Cent, ECN, Prime, R StocksTrader. See “Account Types” for a side-by-side comparison.
What deposit and withdrawal methods are supported by FIBO Group and Roboforex?
FIBO Group: Neteller, Skrill, WebMoney, Swift, Visa, Mastercard. Roboforex: Online wallets, Bank Transfer, Credit and Debit Cards, Online banking. Check method-specific fees/settlement times.
Which broker is safer — FIBO Group or Roboforex — and how was this assessed?
We consider regulation, corporate transparency, fund protection, and incident history. See the “Reliability” section for our findings.
