Brokers News

Fibo Group to offer digital currency CFDs

Jul 17 2017
By Jonathan Smith ,

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 a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

	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.
	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.
	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.
	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.
	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.
	HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage - one of the highest in the industry.
	Exness is a leading forex broker, offering MT4 and MT5 platforms. Traders can take advantage from a true ECN environment and trade on ultra tight spreads, starting from 0 pips.

Broker	Country	Regulation	Platform	Min Deposit	Review
	US	CFTC, NFA	MT4, Web, in-house	$50	Review Website
	US	NFA, CFTC	MT4	$250	Review Website
	Cyprus, UK, Mauritius	CySec, FCA, FSC	MT4, MT5, Web	$10	Review Website
	Australia, Cyprus	ASIC	MT4, MT5, IRESSTrader	$100	Review Website
	UK, Cyprus, Australia	FCA, CySec, ASIC	MT4, MT5	$5	Review Website
	UK, Australia, South Africa	FCA, ASIC, FSCA	MT4, Trading Station, NinjaTrader	$50	Review Website
	UK, Cyprus, UAE, South Africa	FCA, CySEC, DFSA, FSB	MT4, MT5, FxPro Markets, cTrader	$100	Review Website
	Cyprus	CySEC	MT4, MT5, Web	$1	Review Website
	Belize	IFSC	MT4, MT5	$100	Review Website
	Cyprus, UK, South Africa, UAE	CySec, FCA, FSCA, DFSA	MT4, MT5, Web	$5	Review Website
	Cyprus, UK	CySEC, FCA	MT4, MT5	$1	Review Website
	UK	FCA	MT4, Web, MT4 for Mac	$100	Review Website
	Australia, UK	ASIC, FCA	MT4, MT5, cTrader	$200	Review Website

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