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FIBO Group Axes Deposit Requirement for MT4 NDD Accounts

FIBO Group, the Cyprus-based Forex and CFD broker, is cutting the requirement for an initial deposit for its MT4 NDD accounts, so that traders can open such accounts with as little as $50.

 
Let me remind you that the previous requirement stood at $300, hence we can say that the reduction is in fact substantial. Regarding the trading conditions, as you'd probably guess, the platform to trade on with an MT4 NDD account is Metatrader 4 and the execution is straight through processing (STP/NDD), which offers a raft of perks including faster order execution with practically no requotes. One more pro of this account is the ability to trade with micro lots (0.01 of the standard lot), but beware that the spreads are floating which may translate into their widening during certain time periods (e.g., the Asian session). On the brighter side, the typical spreads loom rather tight – they are at 0.3 pips for the EUR/USD pair, for example.
 
The cut in the minimal deposit requirement gets into effect today and will be in force until the end of the year. However, FIBO Group has a reputation of extending the scope of its popular promotions, such as the Stop Out Shield – I would not be surprised if this one gets the same treatment.
 
If you'd like to make use of the STP execution offered by FIBO, but you're a fan of the cTrader platform, there's a piece of good news for you, as the broker's lineup of accounts features cTrader STP accounts. The trading conditions are similar to the ones on MT4 NDD, although the deposit requirement is at $300. For the newbies there's an MT4 Starter account which comes along without any demand for the size of the first deposit. However, the broker is acting as a market maker on this one, so keep that in mind.
 
 

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 group  fibo group forex  fibo group forex broker  forex accounts  mt4 ndd  metatrader 4  forex deposit  initial deposit  forex trading  forex execution  forex platform  stp  ndd 

More news about FIBO

Forex
Broker Country Regulation Platform Min Deposit Review
Cyprus, UK, Mauritius CySec, FCA, FSC MT4, MT5, Web $10 Review Website
Cyprus, SVG CySEC MT5, Web,
cTrader
$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
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 MT5 $5 Review Website
UK FCA MT4, Web, MT4
for Mac
$100 Review Website

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