FIBO Group is an international financial holding company that has been operating since 1998. It offers online forex and CFD trading with various instruments, spreads and leverage options. It has offices in Europe, Central and East Asia and is regulated by several authorities.
ForexChief is an online forex broker that was established in 2014. It offers online forex and CFD trading with low spreads, high leverage and various bonuses and promotions. It also provides investment accounts, copy trading and analytical tools. It is regulated by the Vanuatu Financial Services Commission.
FIBO Group vs ForexChief Regulation Comparison
Broker
Regulator
License Number
Country
FIBO Group
CySEC
118/10
Cyprus
FIBO Group
FSC
SIBA/L/14/1063
British Virgin Islands
FIBO Group
FSA
SD016
Seychelles
ForexChief
VFSC
14777
Vanuatu
FIBO Group vs ForexChief Trading Assets Comparison
FIBO Group vs ForexChief Trading Platforms Comparison
Broker
Trading Platforms
FIBO Group
MetaTrader 4, MetaTrader 5, cTrader for Windows PC and Mac OS; MetaTrader 4 and MetaTrader 5 for Android and iOS devices; MetaTrader 4 and MetaTrader 5 WebTerminal for browser-based trading
ForexChief
MetaTrader 4 and MetaTrader 5 for Windows PC and Mac OS; MetaTrader 4 and MetaTrader 5 for Android and iOS devices; MetaTrader 4 and MetaTrader 5 WebTerminal for browser-based trading; ForexChief App for personal area management
FIBO Group vs ForexChief Analytical Tools Comparison
Broker
Analytical Tools
FIBO Group
Economic calendar, analytical reviews, economic articles, currency charts, interest rates, trader’s calculator, library of trading articles and strategies
ForexChief
Economic calendar, analytical reviews, economic articles, currency charts, interest rates, trader’s calculator, library of trading articles ,..
FIBO Group vs ForexChief. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer as to which forex broker is better or which one you should choose, as different brokers may suit different traders depending on preference, their goals, strategies and risk appetite. However, you can consider several factors when making your decision:
Regulation: FIBO Group is regulated by more reputable authorities than ForexChief, which may give you more confidence and protection as a trader.
Trading assets: FIBO Group offers more forex pairs and stock CFDs than ForexChief, which may give you more diversity and opportunities in your trading portfolio.
Trading fees: ForexChief offers lower spreads and commissions than FIBO Group on some account types, which may reduce your trading costs and increase your profits.
Account types: FIBO Group offers more account types than ForexChief, which may give you more flexibility and options to suit your trading style and capital.
Deposit and withdrawal options: Both brokers offer a wide range of payment methods, but ForexChief also accepts Tether as a cryptocurrency option, which may be convenient for some traders.
Trading platforms: Both brokers offer the popular MetaTrader 4 and MetaTrader 5 platforms for various devices and browsers, but FIBO Group also offers cTrader as an alternative platform, which may appeal to some traders who prefer its features and interface.
Analytical tools: Both brokers offer similar analytical tools, such as economic calendar, analytical reviews, economic articles, currency charts, interest rates, trader’s calculator and library of trading articles and strategies.
Ultimately, the best way to decide which broker is better for you is to try them out yourself by opening a demo account or a small live account and testing their services, platforms and conditions. You may also read online reviews and feedback from other traders who have experience with both brokers.
