Forex Fibovest Broker Review

Performance Matrix

Main Score & Risk Matrix

N/A

Score

1.2

Very Poor

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

License 1.4

Business 0.7

Risk Control 1.0

Software 1.7

Regulatory 1.2

Terminal Snapshot

Fibovest Trading Conditions

Registered Region United Kingdom

Operating Period 1-2 years

Minimum Deposit $100

Spread N/A

Licenses N/A

Contact Email support@fibovest-mail.com

Contact Number +442037288726

Website fibovest.com

Balanced Review

Pros & Cons

Pros

Commission-free trading on all account types
Diverse range of market instruments including forex, commodities, and cryptocurrencies
Multiple account types catering to various trader levels
Proprietary web-based trading platform accessible on any device
Support for popular payment methods with no deposit/withdrawal fees

Cons

Operates as an unregulated broker
High minimum deposit requirement of €10,000
No demo account available for practice
Lack of transparency regarding spreads
Limited educational resources for traders

Compliance Desk

Regulatory Licenses

0.0/10

No structured regulatory license cards have been configured yet.

Peer Benchmark

Broker Comparison

Feature	Fibovest	FXTM	EC Markets	AvaTrade
Operating Period	1-2 years	See review	See review	See review
Region	United Kingdom	See review	See review	See review
Minimum Deposit	$100	See review	See review	See review
Spread	N/A	See review	See review	See review
Trust Score	1.2/10	See review	See review	See review

Product Fit

Account Types

What Account Types and Fees Does Fibovest Offer?

Account Type	Target User Group	Essential Characteristics	Applicability Notes
Bronze Account	Beginners	Low minimum deposit, basic features	Suitable for initial trading experience
Silver Account	Intermediate Traders	Access to additional features, moderate deposit	Best for traders with some experience
Gold Account	Experienced Traders	Enhanced trading tools, lower spreads	Requires higher trading volume
Platinum Account	Professional Traders	Premium services, customized support	Designed for high-capital traders
Diamond Account	Corporate Clients	Exclusive features, tailored services	Requires corporate documentation
Premium Account	Experienced Traders	Advanced trading options, competitive spreads	Requires significant trading history
VIP Account	High Net-Worth Individuals	Personal account manager, exclusive perks	High minimum deposit required

Account Opening Process

The account opening process at Fibovest involves several steps. Initially, users must submit personal, employment, and financial information. This is followed by identity verification, which requires submitting an identification document and proof of address. The platform offers account flexibility, allowing users to upgrade to a professional account later if their trading needs change.

Trading Fees

Product	Spread (pips)	Commission	Notes
Forex (Major Pairs)	Varies	$0	Commission-free trading
CFDs (Stocks, Indices, Commodities)	Varies	$0	No commissions charged
Cryptocurrencies	Varies	$0	No commissions charged

Other Fees

Fibovest does not charge deposit or withdrawal fees, making it easier for traders to manage their funds. However, traders should be aware of potential inactivity fees if accounts remain dormant for extended periods. Additionally, users may encounter overnight interest for positions held overnight and currency conversion fees for transactions involving different currencies.

Editorial Verdict

Expert Verdict

R

Research Desk

Senior Broker Analyst

Our review desk considers this broker unsuitable for most traders until transparent licensing, stronger compliance evidence, and clearer client-fund protections are demonstrated.

Funding Desk

Deposit & Withdrawal Methods

No structured payment methods have been configured yet.

Trader Feedback

Fibovest User Reviews

3.0

★ ★ ★ ★ ★

4 total reviews

5 star

4%

4 star

4%

3 star

4%

2 star

20%

1 star

60%

John Smith

London

★ ★ ★ ★ ★

I found the withdrawal process to be quite frustrating. It took longer than expected, and I struggled to get timely support from customer service when I had questions. Overall, I’m not satisfied with my experience.

Emily Johnson

Manchester

★ ★ ★ ★ ★

I’ve had a decent experience with Fibovest. The trading platform is user-friendly, and I appreciate the variety of instruments available. However, I wish there were more educational resources to help me improve my trading skills.

Michael Brown

Birmingham

★ ★ ★ ★ ★

I had a terrible experience with Fibovest. Customer support was unhelpful when I needed assistance, and I felt uneasy trading with an unregulated broker. I wouldn’t recommend this platform to anyone.

Sarah Davis

Cardiff

★ ★ ★ ★ ★

Fibovest has been great for me! The platform is fast, and I love the commission-free trading. Plus, the range of assets allows me to diversify my portfolio easily. I would definitely recommend it to other traders.

United Kingdom Market