Sponsored By
de | cn | ru

Brokers News

Fibo Group launches trading account with gold as a base currency

Forex brokerage Fibo Group has added yet another option to its extensive offerings: its clients can now choose gold (GLD) as a base currency for their MT4 accounts.


GLD account holders can use all services available for the accounts in standard currencies (demo accounts are also available). The only difference is that all account parameters including balance and profit are calculated in gold.


The deposit currency against GLD is equal to one thousandth of the current quotes of the spot rate XAU/USD. Accordingly, we have calculated that the counter value in USD is 0.031 gram of pure gold.


Gold is referred to as a safe haven currency and one of the most stable actives. “With a deposit in gold you get better protection from drastic changes in the exchange rate than with a deposit in some currency,” Fibo Group commented, and adding it to its base currency offering increases safety from negative factors of economic or political instability.


Indeed, gold is gaining popularity lately, as markets tend to be volatile. Earlier this month Cypriot broker FXTM launched a new service, allowing clients to trade in physical gold and get the monetary value directly in their accounts.


Fibo Group Ltd. was incorporated in the British Virgin Islands (BVI) and holds a license by the Financial Services Commission (FSC) of the BVI. The broker is part of the International Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group), one of the oldest players in online trading with margin. The first company of the holding was founded in 1998 and today it maintains offices in Europe, Asia and America. It also has a subsidiary, licensed in Cyprus.

TAGS: Fibo Group  gold  trading accounts  base currency  forex brokers 

More news about FIBO

Broker Country Regulation Platform Min Deposit Review
Cyprus CySec, FCA MT4, MT5, Web $5 Review Website
Cyprus, Australia CySec, ASIC MT4, Web $100 Review Website
UK, Cyprus, Hong Kong FCA, CySEC, SFC MT4, Web,
$100 Review Website
UK, Cyprus, Australia FCA, CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia FCA, ASIC MT4, Trading
$50 Review Website
UK, Cyprus, UAE, South Africa FCA, CySEC, DFSA, FSB MT4, MT5, FxPro
$100 Review Website
Cyprus CySEC MT4, MT5, Web $1 Review Website
Belize IFSC MT4, MT5 $100 Review Website
Australia ASIC MT4, MT5,
$200 Review Website
Seychelles FinaCom MT4, Web $10 Review Website

More Forex Brokers News

Swissquote expands crypto portfolio with multi-crypto certificate on SIX Swiss Exchange

Mar 19 2018 14:48:16

Swissquote, the major Swiss financial online services provider and owner of the forex broker of the same name, announced it is launching the first multi-cryptocurrency certificate trade on the SIX Swiss Exchange. Read more

easyMarkets honored as “Best APAC Broker" at ADVFN awards

Mar 19 2018 13:47:39

  Global forex brokerage easyMarkets has once again been recognized by the financial services community. It won as the best broker for Asia-Pacific region at the fourth annual ADVFN International Financial Awards. Read more

CMC adds Bitcoin, Ether CFDs, spread betting to portfolio

Mar 16 2018 14:51:21

 CMC Markets, a major global forex and CFD broker, has finally joined the ranks of regulated forex brokers that offer CFDs on cryptocurrencies and will offer such products and spread betting on the two largest cryptocurrencies by market cap – Bitcoin and Ether. Read more

Coinbase gets e-money license from UK’s FCA

Mar 14 2018 14:52:48

 Coinbase, one of the largest and most popular cryptocurrency exchanges in the US and Europe, announced it has obtained an e-money license from UK’s financial markets and services regulator, the Financial Conduct Authority (FCA). Read more

ThinkMarkets to launch P2P trading blockchain platform, ICO – media

Mar 12 2018 14:34:36

The forex and CFD broker ThinkMarkets  announced it is planning to launch TradeConnect – a blockchain based multi asset trading network and a native token ThinkCoin (TCO), reports LeapRate. Read more

TradeStation to offer real-time GDAX cryptocurrency data

Mar 09 2018 14:33:46

 TradeStation Group, an online broker-dealer and futures commission merchant, a subsidiary of Monex Group, announced it is now providing its clients with real-time market data for Bitcoin, Ether, Bitcoin Cash and Litecoin, obtained from GDAX – the institutional platform of Coinbase. Read more

Grand Capital reduces commissions on crypto CFDs

Mar 08 2018 14:15:51

Forex, CFD and binary options broker Grand Capital announced it is reducing the commissions on CFDs with cryptocurrencies as an underlying asset. From March 7, 2018 onward, the commission will be 1.6% for round turn (0.8% per side), instead of the current 2.4% for round turn. Read more

Vantage FX adds Ethereum, Ripple, Litecoin, Dash and Bitcoin Cash to crypto offering

Mar 02 2018 13:43:53

  Australian forex broker Vantage FX has expanded its cryptocurrency offering with five more digital assets. Apart from Bitcoin CFDs, the broker now offers trading in Ethereum, Ripple, Litecoin, Dash and Bitcoin Cash on both MetaTrader 5 and MetaTrader 4 platforms. Read more

20 crypto-pairs now available for trade with LiteForex

Feb 27 2018 15:24:34

  Forex brokerage LiteForex has extended its digital asset portfolio, which now includes Bitcoin, Bitcoin Cash, Dashcoin, Ethereum, Ethereum Classic, Litecoin, Monero, Ripple and ZCash. Thsese can be traded 24/5 in all accounts and trading platforms (MT4 and MT5) offered by the broker. Read more

FreshForex launches two crypto analysis forecasts for BTC, ETH and XRP

Feb 26 2018 14:57:56

  As more and more traders are turning their attention to cruptocurrency trading, forex broker FreshForex announced it is launching two brand-new forecasts for the top three coins: Bitcoin, Ripple and Ethereum. Read more

de | cn | ru