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FIBO Group Extends Offer of MT4 Starter Accounts

FIBO Group, the Cyprus-based Forex and CFD broker, has prolonged the period of availability of its MT4 Starter accounts until the end of the year. 
The MT4 Starter accounts are a part of a campaign named “Get-to-know”, which started originally in March this year: its expiration date was shifted once and is now enjoying its second shift. As both the names of the campaign and the account type suggest, the MT4 Starter accounts are most suitable for beginners and are offering conditions that are designed to fit the needs of newbies in the FX area.
The MT4 Starter account gives a trader the ability to trade on the popular Metatrader 4 platform, without any requirement for an initial deposit. In addition, the minimum trade contract size is a micro lot (1,000 base currency units), which allows newbies to risk less. The maximum leverage is 1:200 and the spreads start from 2 pips, not so bad. And I almost forgot to mention that there are no commissions with this type of account. 
The sole hiccup is that there is no option to open a demo Starter account and that the broker acts as a market maker on this type of accounts. However, you may take advantage of other types of accounts by FIBO and benefit from non-dealing desk execution: the MT4 NDD and the cTrader STP accounts. Both, however, come along with requirements for a minimum deposit: USD 300, and there are commissions (0.003% from the amount of a transaction). On the brighter side, spreads start from 0 pips.
But if you like the MT4 Starter account, you can apply for one until December 31, 2013. After the expiration date, you can still trade on this account, but the broker will not allow opening of new ones. 
And, since we've started talking about accounts suitable for newbies, let me remind you of the FXPro EA Micro accounts. They permit fans of automated trading to trade to on the MT4 platform with micro lots, thus limiting their risk exposure. Choice is yours!

About FIBO Group

The International Financial Holding FIBO Group comprises a group of companies whose main business area is margin trading in financial instruments. Clients can benefit from a number of investment products, including Spot Forex, Futures/Options, CFDs and Spot Gold. The brokerage is headquartered in Limassol, Cyprus, and is therefore regulated by CySec – the Cyprus Securities and Exchange Commission. As of May 2006, FIBO also has a functioning office in Shanghai.
TAGS: fibo  fibo group  fibo group forex broker  fibo group accounts  forex accounts  forex trading  forex platform  metatrader 4  mt4 starter account 

More news about FIBO

Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
$100 Review Website
Australia, Cyprus ASIC, CySEC MT4, MT5, Iress $100 Review Website
Cyprus, Australia CySec, ASIC MT4, MT5 $5 Review Website
UK, Australia, South Africa FCA, ASIC, FSCA 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
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 MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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