Compare FIBO Group vs FXTM
What is FIBO Group? What is FXTM?
FIBO Group (Financial Intermarket Brokerage Online Group) is an international financial holding company that was founded in 1998 and provides online trading services for forex, CFDs, crypto, futures, oil and other instruments. It has offices in Europe, Central and East Asia and is regulated by various authorities such as CySEC, FSC and FCA.
FXTM (ForexTime) is a global online trading broker that was launched in 2011 and offers trading services for forex, CFDs, stocks, indices, commodities and crypto. It has offices in Cyprus, UK, South Africa, Mauritius and Nigeria and is regulated by CySEC, FCA, FSCA, FSC and CMA.
FIBO Group vs FXTM Regulation Comparison
| Broker | Regulator | License Number |
|---|---|---|
| FIBO Group | CySEC (Cyprus) | 118/10 |
| FSC (British Virgin Islands) | SIBA/L/14/1063 | |
| FCA (UK) | 532885 | |
| FXTM | CySEC (Cyprus) | 185/12 |
| FCA (UK) | 777911 | |
| FSCA (South Africa) | 46614 | |
| FSC (Mauritius) | C113012295 | |
| CMA (Kenya) | 128 |
FIBO Group vs FXTM Trading Assets Comparison
| Asset Class | FIBO Group | FXTM |
|---|---|---|
| Forex | 60+ currency pairs | 50+ currency pairs |
| CFDs | Indices, commodities, metals, ETFs, stocks | Indices, commodities, metals, stocks |
| Crypto | Bitcoin, Ethereum, Litecoin, Ripple | Bitcoin, Ethereum, Litecoin |
| Futures | Energy, metals, agriculture | N/A |
| Oil | Brent crude oil, WTI crude oil | Brent crude oil, WTI crude oil |
FIBO Group vs FXTM Trading Fees Comparison
| Account Type / Instrument | FIBO Group Spreads / Commissions | FXTM Spreads / Commissions |
|---|---|---|
| MT4 Cent Account / EURUSD | From 0.6 pips / No commission | From 1.5 pips / No commission |
| MT4 Fixed Account / EURUSD | Fixed at 2 pips / No commission | Fixed at 1.9 pips / No commission |
| MT4 NDD Account / EURUSD | From 0 pips / $20 per lot commission | N/A |
| MT4 NDD No Commission Account / EURUSD | From 0.8 pips / No commission | N/A |
| MT5 NDD Account / EURUSD | From 0 pips / $20 per lot commission | N/A |
| cTrader NDD Account / EURUSD | From -0.2 pips / $30 per lot commission ($15 per side) | N/A |
| Standard Account / EURUSD | N/A | From 1.3 pips / No commission |
| ECN Account / EURUSD | N/A | From 0.1 pips / $2 per lot commission ($1 per side) |
| ECN Zero Account / EURUSD | N/A | From 1.5 pips / No commission |
| Pro Account / EURUSD | N/A | From 0 pips / $4 per lot commission ($2 per side) |
| Stock CFDs | From 0.1% per side commission | From 0.1% per side commission |
FIBO Group vs FXTM Account Types Comparison
| Account Type | FIBO Group | FXTM |
|---|---|---|
| Minimum Deposit | $0 – $50,000 (depending on account type) | $10 – $25,000 (depending on account type) |
| Maximum Leverage | Up to 1:1000 (depending on account type and instrument) | Up to 1:2000 (depending on account type and instrument) |
| Minimum Lot Size | 0.01 lot | 0.01 lot |
| Execution Type | Market or Instant (depending on account type) | Market or Instant (depending on account type) |
| Trading Platforms | MT4, MT5, cTrader | MT4, MT5, FXTM Trader |
FIBO Group vs FXTM Deposit Options Comparison
| Method | FIBO Group | FXTM |
|---|---|---|
| Bank Wire Transfer | Yes | Yes |
| Credit/Debit Cards | Visa, Mastercard, Maestro, UnionPay | Visa, Mastercard, Maestro |
| E-Wallets | Skrill, Neteller, WebMoney, Perfect Money, QIWI Wallet, Yandex.Money, Bitcoin, Ethereum, Litecoin, Ripple | Skrill, Neteller, WebMoney |
| Local Payment Systems | NganLuong.vn (Vietnam), PayToday (Cambodia), Paytrust88 (Malaysia), Doku (Indonesia), CashU (Middle East), Boleto Bancario (Brazil), PaySafeCard (Europe) | NganLuong.vn (Vietnam), PayToday (Cambodia), Paytrust88 (Malaysia), Doku (Indonesia), CashU (Middle East), Boleto Bancario (Brazil), PaySafeCard (Europe), M-Pesa (Kenya) |
FIBO Group vs FXTM Trading Platforms Comparison
Both brokers offer the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are widely used by traders around the world for their advanced features, user-friendly interface and compatibility with various devices and operating systems. They also offer web-based and mobile versions of these platforms for convenient access from any browser or device.
In addition, FIBO Group offers the cTrader platform, which is a modern and innovative platform that provides fast execution, transparent pricing and advanced charting tools. FXTM offers the FXTM Trader app, which is a commission-free trading app that allows traders to access hundreds of instruments with low spreads and fast execution.
FIBO Group vs FXTM Analytical Tools Comparison
Both brokers provide various analytical tools and resources to help traders make informed trading decisions and improve their skills. These include market news, economic calendars, trading signals, webinars, seminars, articles, videos and more.
However, there are some differences in the quality and quantity of these tools and resources. For example, FXTM offers more frequent and comprehensive market analysis from its in-house experts than FIBO Group. FXTM also offers more educational materials and courses for beginners and advanced traders than FIBO Group.
FIBO Group vs FXTM. Which forex broker is better? Which forex broker should you choose?
There is no definitive answer to which forex broker is better or which one you should choose. It depends on your personal preferences, trading style and goals. However, here are some factors that you may want to consider when comparing FIBO Group and FXTM:
- Regulation: Both brokers are regulated by reputable authorities, such as CySEC, FCA and FSC. However, FXTM has more licenses than FIBO Group, which may indicate a higher level of oversight and protection for its clients.
- Trading Assets: Both brokers offer a wide range of trading instruments, including forex, CFDs, crypto, futures and oil. However, FXTM has more currency pairs and crypto assets than FIBO Group, which may give you more opportunities and diversity in the market.
- Trading Fees: Both brokers charge variable spreads and commissions on their trading instruments, which depend on the market conditions and the account type chosen by the trader. However, FIBO Group has lower commissions than FXTM on some account types and instruments, such as the MT4 NDD and cTrader NDD accounts. FIBO Group also has some account types with no commission, such as the MT4 NDD No Commission and MT4 Fixed accounts.
- Account Types: Both brokers offer different account types to suit the needs and preferences of different traders. They also offer demo accounts for practice and Islamic accounts for swap-free trading. However, FIBO Group has more account types than FXTM, which may give you more flexibility and options in your trading. FIBO Group also has higher leverage than FXTM on some account types and instruments, which may increase your profit potential but also your risk.
- Trading Platforms: Both brokers offer the popular MetaTrader 4 and MetaTrader 5 trading platforms, which are widely used by traders around the world for their advanced features, user-friendly interface and compatibility with various devices and operating systems. They also offer web-based and mobile versions of these platforms for convenient access from any browser or device. However, FIBO Group offers the cTrader platform, which is a modern and innovative platform that provides fast execution, transparent pricing and advanced charting tools. FXTM offers the FXTM Trader app, which is a commission-free trading app that allows traders to access hundreds of instruments with low spreads and fast execution.
- Analytical Tools: Both brokers provide various analytical tools and resources to help traders make informed trading decisions and improve their skills. These include market news, economic calendars, trading signals, webinars, seminars, articles, videos and more. However, FXTM offers more frequent and comprehensive market analysis from its in-house experts than FIBO Group. FXTM also offers more educational materials and courses for beginners and advanced traders than FIBO Group.
In conclusion, both FIBO Group and FXTM are reputable and regulated online brokers that offer forex and CFD trading services to traders around the world. They have similar features and advantages, but also some differences and trade-offs that may appeal to different types of traders. Therefore, the best broker for you may depend on your personal preferences, trading style and goals. You may want to try out their demo accounts or compare their live accounts to see which one suits you better.
