Compare FIBO Group vs Forex.com
What is FIBO Group? What is Forex.com?
FIBO Group is an international financial holding company that offers online trading services for forex and CFDs since 1998. It has offices in Europe, Central and East Asia and is regulated by various authorities. It provides a range of trading instruments, platforms and account types for different levels of traders.
Forex.com is a global leader in online forex and CFD trading that is part of the StoneX Group, a Fortune 100 financial company. It has been serving clients since 2001 and is regulated in multiple jurisdictions. It offers over 80 products, including forex pairs, metals, futures and options, with low spreads, fast execution and dedicated support. It also provides powerful trading tools, data and education for traders of all skill levels.
FIBO Group vs Forex.com Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| FIBO Group | Financial Services Commission (FSC) BVI | SIBA/L/14/1063 |
| FIBO Group | Cyprus Securities and Exchange Commission (CySEC) | 118/10 |
| FIBO Group | Financial Sector Conduct Authority (FSCA) South Africa | 45052 |
| Forex.com | Commodity Futures Trading Commission (CFTC) US | 0339826 |
| Forex.com | National Futures Association (NFA) US | 0339826 |
| Forex.com | Financial Conduct Authority (FCA) UK | 190864 |
| Forex.com | Investment Industry Regulatory Organization of Canada (IIROC) Canada | N/A |
| Forex.com | Australian Securities and Investments Commission (ASIC) Australia | 345646 |
| Forex.com | Cayman Islands Monetary Authority (CIMA) Cayman Islands | 25033 |
FIBO Group vs Forex.com Trading Assets Comparison
FIBO Group offers more than 60 currency pairs, as well as CFDs on metals, commodities, indices, stocks, ETFs and cryptocurrencies.
Forex.com offers over 80 currency pairs, as well as spot metals, futures and options on selected products. It also provides access to shares and indices trading through its affiliate FuturesOnline.
FIBO Group vs Forex.com Trading Fees Comparison
FIBO Group offers various types of accounts with different fee structures, such as fixed spreads, floating spreads, or commissions. The minimum deposit ranges from $0 to $1000 depending on the account type. The average spread for EUR/USD is 0.3 pips for MT4 NDD accounts with a commission of $4 per lot per side.
Forex.com offers two types of accounts: standard and RAW pricing. The standard account has no commissions but wider spreads. The RAW pricing account has lower spreads but a commission of $7 per $100k USD traded per side. The minimum deposit is $100 for both accounts. The average spread for EUR/USD is 0.8 pips for standard accounts and 0.0 pips for RAW pricing accounts.
FIBO Group vs Forex.com Account Types Comparison
FIBO Group offers six types of accounts: MT4 Cent, MT4 Fixed, MT4 NDD, MT5 NDD, cTrader NDD, and PAMM. Each account has different features and requirements, such as minimum deposit, leverage, execution type, trading platform, and instruments available.
Forex.com offers two types of accounts: standard and RAW pricing. Both accounts have the same features and requirements, such as minimum deposit, leverage, execution type, trading platform, and instruments available. The only difference is the pricing model.
FIBO Group vs Forex.com Deposit Options Comparison
FIBO Group supports various deposit and withdrawal options, such as bank transfer, credit/debit card, Skrill, Neteller, WebMoney, Perfect Money, Qiwi Wallet, FasaPay, Bitcoin, Ethereum, and Tether. The processing time and fees may vary depending on the method and currency chosen.
Forex.com supports various deposit and withdrawal options, such as bank transfer, credit/debit card, PayPal, Skrill, Neteller, UnionPay (for China only), and BPay (for Australia only). The processing time and fees may vary depending on the method and currency chosen.
FIBO Group vs Forex.com Trading Platforms Comparison
FIBO Group offers a choice of trading platforms for its clients, such as MetaTrader 4, MetaTrader 5 and cTrader. These platforms are available on web, desktop and mobile devices, and support various features, such as charting, indicators, expert advisors, copy trading and social trading.
Forex.com also offers a choice of trading platforms for its clients, such as MetaTrader 4, MetaTrader 5 and FOREX.com Web Trading. These platforms are available on web, desktop and mobile devices, and support various features, such as charting, indicators, expert advisors, copy trading and social trading. Forex.com also provides access to TradingView charts, Reuters news feeds, Performance Analytics and SMART Signals on its web platform.
FIBO Group vs Forex.com Analytical Tools Comparison
- FIBO Group offers various analytical tools for forex traders, such as:
- Forecasts: daily market analysis and trading recommendations from FIBO Group experts.
- Point value calculation: a tool to calculate the value of one point for different currency pairs and account types.
- Trading platforms: FIBO Group supports MetaTrader 4, MetaTrader 5, and cTrader platforms, which have various indicators and tools for technical analysis.
- Forex.com offers various analytical tools for forex traders, such as:
- Performance Analytics: a tool powered by Chasing Returns that uses behavioral science to explore your trading performance and help you refine your skills.
- Capitalise.ai: a tool that allows you to automate your trading strategies with ease and access backtesting, simulation, strategy tips and much more – no coding expertise necessary.
- SMART Signals: trading suggestions powered by advanced machine learning technology.
- Market news and analysis: high-quality journalism and in-depth analysis from Reuters, Market 360, Trading Central, and Forex.com experts.
- Economic calendar: a tool that shows the dates and times of major economic events and their impact on the markets.
- Advanced charts: charts powered by TradingView that come with over 80 indicators, 50 drawing tools, 14 time intervals, and a host of customization features.
- Alerts: notifications that inform you when a market reaches a certain level or when an order is filled or closed.
FIBO Group vs Forex.com. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading style, goals and risk appetite. Different brokers may suit different traders better.
Therefore, you can research and compare the features, benefits and disadvantages of each broker before making a decision. You can also try their demo account to test their platform and services without risking real money. Ultimately, you should choose the broker that best meets your needs and expectations.
