Brokers News

Fibo Group to offer digital currency CFDs

Jul 17 2017
By Jonathan Smith , Find me on Google+

Cyprus-regulated forex broker Fibo Group announced it is launching CFDs on the popular digital currencies Bitcoin, Ethereum, LiteCoin, Ethereum Classic, DASH, Zcash and Monero.

The new instruments will be available for trading from July 24 on the MT4 NDD No Commission accounts. The typical spreads on the instruments vary from 50 on Ethereum Classic to 2500 on Bitcoin and there is no commission. The maximum volume per one transaction for most of the cryptocurrency CFDs is 1000 lots, where 1 lot=1 coin. For Bitcoin CFDs the maximum transaction volume is smaller – 100 lots.

For those who wish to try their hand at trading cryptocurrency CFDs without risk, Fibo Group offers demo accounts with the same trading conditions as the live ones.

Fibo Group will also add for analysis purposes information and rates about the cryptocurrencies XEM, BTS, EOS, WAVES, STEEM, GNT, GNO, SC, BCN, DOGE, REP, LSK, XLM, GBYTE, FCT, MAID, USDT, GAME, DCR, ARDR, SNT, KMD, DGD, PIVX, DGB, NXT.

Financial Holding FIBO Group (Financial Intermarket Brokerage Online Group) has licenses from the offshore Financial Services Commission (FSC BVI) and the Cyprus Securities and Exchange Commission, as FIBO Group Holdings Ltd.

The broker offers trading on MetaTrader 4 and 5 and cTrader. The maximum leverage is 1:400. The instrument portfolio consists of over 40 forex pairs and CFDs on various instruments.

Fibo Group is the latest forex broker to turn its attention to the increasingly popular digital currencies and to start offering some type of instruments involving them. Others that did so recently are Alpari, Swissquote, eToro, Admiral Markets, LiteForex, etc.

TAGS: fibo group bitcoin

More news about FIBO

Fibo Group hikes 4-fold leverage on cTrader NDD accounts Jun 30 2017 14:22:01
FIBO Group launches web version of MT4 Apr 24 2017 13:07:09
Fibo Group launches trading account with gold as a base currency Feb 17 2017 09:38:07
ASIC pushes FIBO Group and XM.com out of the Australian forex market Aug 27 2015 14:45:58
FIBO Group Beefs up License from British Virgin Islands' FSC Feb 07 2014 08:34:58

Broker	Advantages
	FXTM is a EU regulated forex broker, offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $1 and take advantage of tight fixed and variable spreads, 1:1000 leverage and swap-free accounts.
	easyMarkets is a CySEC and ASIC regulated broker offering access to over 300 trading instruments, tight fixed spreads, no slippage and a 50% deposit bonus.
	HY Markets is global forex broker with more than 30 years of operational experience, regulated by FCA in the UK. Trade Forex with spreads as low as 1.8 pip

	FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.
	XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.
	FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.
	FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

	FBS is a broker with cool marketing and promotions. It runs an ongoing monthly $999 forex contest, offers a $5 no-deposit bonus for anyone willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

	Grand Capital is a MT4 forex broker, offering $500 no deposit bonus and 40% bonus on all deposits.
	Trading212 is a European broker with an excellent proprietary trading platform, which is now available as an iPhone app as well (we tried it out and we loved it). Trading 212’s customers enjoy fast execution a vast selection of trading instruments.

Broker	Country	Regulation	Platform	Min Deposit	Review
	Cyprus	CySec	MT4, MT5, Web	$5	Review Website
	Cyprus, Australia	CySec, ASIC	MT4, Web	$100	Review Website
	UK, Cyprus, Hong Kong	FCA, CySEC, SFC	MT4, Web, PrimeTrader	$100	Review Website
	UK, Australia, Singapore	FCA, ASIC, MAS, BaFin	MT4, Web, ProRealTime, 2Dealer	$0	Review Website
	UK, Australia	FCA, ASIC	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus	FCA, CySec	MT4, MT5	$5	Review Website
	UK, Cyprus	FCA, CySEC	MT4, MT5, cTrader, SuperTrader, FxPro Markets	$100	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus	CySec	MT4, Web, Gwasy	$100	Review Website
	Belize	IFSC	MT4, MT5, Web	$1	Review Website
	Cyprus	CySEC	MT4, MT5, cTrader	$300	Review Website
	Seychelles	FinaCom	MT4	$10	Review Website
	UK, Cyprus, Bulgaria	FCA, CySec, FSC	Web	$150	Review Website

More Forex Brokers News

Saxo Bank reduces spreads for UK clients, updates SaxoTraderGo

Jul 24 2017 12:46:11

Saxo Capital Markets UK Limited, the UK branch of Danish financial services provider and multiasset broker Saxo Bank, said it has reduced the minimum spread on the CFD of the UK100 index for its UK clients. The spreads now start at 0.8 basis points. Read more

Upset Chinese investors hold hostage USGFX staff in Shanghai

Jul 24 2017 07:47:54

Chinese investors who allegedly lost $2.6 million in forex trading have occupied the Shanghai office of Australian forex brokerage Union Standard Group Forex (USGFX) and are holding several staff members hostage. Read more

Grand Capital opens offices in South Africa, Nigeria adds Nigerian Naira as payment option

Jul 21 2017 10:04:03

Forex, CFD and binary options broker Grand Capital has opened a third office in South Africa – in Johannesburg. The other two are already operatin in the towns of Emalehleni and Polokwane. Read more

Nadex terminates fee-free trading program

Jul 20 2017 10:49:04

Nadex, the CFTC-regulated binary options exchange of IG Group, has announced it is terminating its fee-free trading days program on July 21, at close of business. Read more

Tickmill adds 4 German Government Bonds to trading portfolio

Jul 19 2017 08:42:05

Global NDD brokerage Tickmill announced it is expanding its product offering and adds a new asset class: CFDs on German Government Bonds. It includes four premium EURO-BOBL, EURO-BUND, EURO-BUXL and EURO-SCHATZ bonds. Read more

Z com Securities gets trading license from Thai regulators

Jul 18 2017 10:07:16

Z com Securities (GMO-Z com Securities (Thailand)), the Thai subsidiary of Japan's GMO Internet conglomerate, announced it has obtained a securities trading license from the Securities and Exchange Commission of Thailand. Read more

IG boasts record net revenue for FY 2017, new clients

Jul 18 2017 07:40:42

IG Group, a leading global forex and CFD broker, has reported a record net revenue of £491.1 million for the financial year that ended on March 31, 2017. According to the company itself, this was “a good performance in relatively quiet financial markets”. Read more

Swissquote launches unleveraged Bitcoin trading with Bitstamp

Jul 14 2017 09:17:40

Swissquote, the forex brokerage brand of Swissquote Bank, has teamed up with the Luxembourg-based licensed digital currency exchange Bitstamp to offer trading in Bitcoin pairs with EUR and USD on its platform. Read more

Dukascopy Bank removes Strategy Converter/Connector from JForex platform

Jul 13 2017 09:42:23

Dukascopy Bank, a Swiss-based financial services company and forex and binary options brokerage, said it is removing the Strategy Converter/Connector functionality from its proprietary JForex trading platform. Read more

Interactive Brokers adds Sterling Trading Tech professional platforms

Jul 13 2017 08:06:10

Interactive Brokers, one of the largest broker-dealers and one of the remaining four US forex brokers, has added the professional trading platforms of the fintech company Sterling Trading Tech (STT). Read more