Compare FIBO Group vs ForexMart
What is FIBO Group? What is ForexMart?
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 offers a variety of trading instruments, platforms, analytical tools and account types.
ForexMart is an online forex broker that offers trading services for forex, shares, metals and crypto. It claims to have the highest leverage in the industry (1:3000), low spreads, no requotes, negative balance protection and zero spreads. It also offers a copytrade system, web trader, mobile app and MT4 platform.
FIBO Group vs ForexMart Regulation Comparison
FIBO Group is regulated by the following authorities:
- Financial Conduct Authority (FCA) in the UK
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus
- Financial Services Commission (FSC) in the British Virgin Islands
- Financial Sector Conduct Authority (FSCA) in South Africa
ForexMart is regulated by the following authority:
- Cyprus Securities and Exchange Commission (CySEC) in Cyprus
FIBO Group vs ForexMart Trading Assets Comparison
FIBO Group offers more than 60 currency pairs, as well as CFDs on metals, commodities, indices, stocks and cryptocurrencies.
ForexMart offers forex, shares, metals and crypto.
FIBO Group vs ForexMart Trading Fees Comparison
FIBO Group charges variable spreads depending on the account type and market conditions. The average spread for EUR/USD is 0.8 pips on the MT4 NDD account and 0.6 pips on the MT4 NDD No Commission account. It also charges commissions of $20 per lot on the MT4 NDD account and $6 per lot on the cTrader NDD account. It does not charge any deposit or withdrawal fees, but there may be fees from payment providers. It also offers swap-free accounts for Islamic traders.
ForexMart claims to have low spreads, zero spreads and no requotes, but does not provide any specific information on its website. It also does not charge any deposit or withdrawal fees, but there may be fees from payment providers. It also offers swap-free accounts for Islamic traders.
FIBO Group vs ForexMart Account Types Comparison
FIBO Group offers four types of accounts: MT4 Fixed, MT4 Floating, MT4 NDD and MT4 NDD No Commission. The minimum deposit for each account is $50, $50, $500 and $500 respectively. The maximum leverage for each account is 200:1, 400:1, 400:1 and 400:1 respectively. The minimum lot size for each account is 0.01, 0.01, 0.01 and 0.01 respectively.
ForexMart offers two types of accounts: Standard and Zero Spread. The minimum deposit for each account is $1 and $1 respectively. The maximum leverage for each account is 3000:1 and 3000:1 respectively. The minimum lot size for each account is 0.01 and 0.01 respectively.
FIBO Group vs ForexMart Deposit Options Comparison
FIBO Group accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, WebMoney, Qiwi Wallet, Perfect Money, FasaPay and Bitcoin.
ForexMart accepts deposits and withdrawals via bank wire transfer, credit/debit cards, Skrill, Neteller, PayPal, PayCo, Paxum and MegaTransfer.
FIBO Group vs ForexMart Trading Platforms Comparison
FIBO Group offers three trading platforms: MetaTrader 4, MetaTrader 5 and cTrader. All platforms are available as desktop, web and mobile versions. The platforms support multiple languages, trading tools, indicators, charts and order types.
ForexMart offers two trading platforms: MetaTrader 4 and Web Trader. The MT4 platform is available as desktop, web and mobile versions. The Web Trader platform is accessible via any browser. The platforms support multiple languages, trading tools, indicators, charts and order types.
FIBO Group vs ForexMart Analytical Tools Comparison
FIBO Group provides various analytical tools for its clients, such as market news, economic calendar, trading signals, technical analysis, webinars, videos and articles.
ForexMart provides some analytical tools for its clients, such as market news, economic calendar and trading signals.
FIBO Group vs ForexMart. Which forex broker is better? Which forex broker should you choose?
Choosing a forex broker depends on your personal preferences, trading goals, risk appetite and budget. You should compare the features, benefits, and limitations of each broker and decide which broker is right for you. You should also do your own research and due diligence before opening an account with any broker.
