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FIBO Group

From Wikipedia, the free encyclopedia
International Financial Holding FIBO Group
Company typePrivate
IndustryFinancial services
Founded1998
Headquarters
Vienna
,
Austria
Services
Websitewww.fibogroup.com

FIBO Group (full name International Financial Holding FIBO Group) is an international financial holding company established in 1998 that provides online trading services (brokerage) mainly on foreign exchange market (Forex). It also offers an electronic trading platform for the purchase and sale of financial securities, CFDs, commodities and cryptocurrencies.

Corporate structure

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The firm owns British Virgin Islands registered FIBO Group, Ltd.,[1][2] Cyprus based FIBO Group Holdings, Ltd.,[3][4] Australian based FIBO Australia Pty Ltd.,[5][6] Singapore based FIBO Group Asia Pte Ltd.[7] and Moscow based ООО Fibo Group.[8] Holding company is headquartered in Vienna (Austria).[9] As of 2016, the company also had offices in Cyprus, Germany,[10] Russia, British Virgin Islands, Kazakhstan, China[11] and Singapore.[12][13][14]

History

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FIBO group was established in 1998 as an investment consulting firm Financial Intermarket Brokerage On-Line (FIBO).[15] FIBO Group started to offer online brokerage service for currency trading in 2003[16] adding CFDs in 2004.[16]

FIBO Group was a prominent player on the Russian financial market. In 2005, it was one of the first Forex brokers in Russia along with Kalita Finance and Forex Club.[17] In 2006, it sponsored intra-day Forex trading competition for professional traders and students of Plekhanov Russian University of Economics, one of the first such contests in Russia.[18] In 2011, with 35,5 thousand retail clients FIBO Group was 4th largest Forex broker in Russia.[19] The firm, however, lost its competitive edge, moving to the 12th place in 2013[20] and keeping this position as of 2016 with just 6,5 thousand clients.[21]

In 2017, FIBO Group added cryptocurrency derivative product to one of its trading platforms.[6][22] As of 2018, FIBO Group was among top-20 global Forex brokers.[23]

Operations

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FIBO Group operates retail foreign exchange and CFD trading brands, FOREX.com and City Index, as well as GTX offering facilities in PAMM,[24] Automated Trading (including signals), and Asset Management.[better source needed] Trading is provided via one of the electronic trading platforms MetaTrader 4, Metatrader 5 and cTrader.[25] It also provides DealSmart platform for technical analysis.[25]

References

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  1. ^ "Investment Business". British Virgin Islands Financial Services Commission. 2018. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  2. ^ "FIBO Group Forex". forexbrokerz.com. 2018. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  3. ^ "FIBO Group Holdings Ltd". Cyprus Securities and Exchange Commission. 2018. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  4. ^ "Company Overview of FIBO Group Holdings Ltd". Bloomberg L.P. 2018-03-24. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  5. ^ "Two overseas entities agree to stop providing unlicensed FX services". Australian Securities and Investments Commission. 2015-08-27. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  6. ^ a b Aziz Abdel-Qader (2017-07-14). "FIBO Group Follows Industry's Lead, Launches Cryptocurrency CFDs Trading". Finance Magnates. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  7. ^ Maria Nikolova (2014-02-03). "FIBO Group Launches Business in Singapore". forexbrokerz.com. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  8. ^ Vadim Sviderski (3 July 2017). "Финансовый консалтинг вместо лицензии форекс-дилера" [Financial consulting instead of a forex dealer license]. forexmagnates.com (in Russian). Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  9. ^ "FIBO Group - Forex Broker information, rating, reviews". forex-ratings.com. 2018. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  10. ^ Maria Nikolova (2013-12-20). "FIBO Group Enters German Forex Market, Opens Office in Munich". forexbrokerz.com. Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  11. ^ Jeffery Armstrong (2016-07-25). "FIBO Group opens new office in Shanghai". smnweekly.com. Retrieved 2018-03-26.
  12. ^ Juana Wells (2016-09-15). "Fibo Group launches MT4 Cent trading account". smnweekly.com. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  13. ^ "FIBO Group refuerza Licencia de FSC británicas Islas Vírgenes". 2017-09-05. Archived from the original on 5 September 2017. Retrieved 2022-06-26.
  14. ^ "FIBO Group entra en alemán Mercado Forex, abre oficina en Munich". Archived from the original on 4 September 2017.
  15. ^ "Аналитики: нефть из-за выхода Ирана на рынок может подешеветь до $35" [Analysts: oil may fall to $35 due to Iran's entry into the market] (in Russian). Ukrainian Independent Information Agency. 2015-07-29. Archived from the original on 2018-03-25.
  16. ^ a b "Fibo Group Review". topratedforexbrokers.com. 2017. Archived from the original on 2017-07-01. Retrieved 2018-03-26.
  17. ^ Conor Humphries (2005-04-20). "Trainee Traders Get Forex Lowdown". The Moscow Times. Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  18. ^ "FIBO Intra-day FX Trading competition-2006". Forex Magazine (116): 6. April 2006.
  19. ^ Alexey Buzdalin (2011-12-01). "Доля отсутствия" [Absence rate]. Kommersant (in Russian). Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  20. ^ Alexey Buzdalin (2013-03-13). "Подставляя плечо депозита" [Substituting the deposit shoulder]. Kommersant (in Russian). Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  21. ^ Alexey Buzdalin (2016-07-07). "Дилер по размеру" [Dealer by size]. Kommersant (in Russian). Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  22. ^ Jonathan Smith (2017-07-17). "Fibo Group to offer digital currency CFDs". forexbrokerz.com. Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  23. ^ "Top Forex Brokers 2018". forex-awards.com. 2018. Archived from the original on 2018-03-25. Retrieved 2018-03-25.
  24. ^ "В Академии Masterforex-V определены лучшие ПАММ-счета брокеров в марте 2016 года. Победитель – PrivateFX" [Masterforex-V Academy determined the best PAMM broker accounts of brokers in March 2016. The winner is PrivateFX]. Gazeta.Ua (in Russian). 2016-03-23. Archived from the original on 2018-03-26. Retrieved 2018-03-26.
  25. ^ a b Steven Hatzakis (2014-02-07). "FIBO Group Announces License with British Virgin Islands' Financial Services Commission". Finance Magnates. Archived from the original on 2018-03-26. Retrieved 2018-03-25.
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