Fibovest
Pros and 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
Basic Information
User Reviews
Fibovest Overview
Fibovest is a forex broker established in the United Kingdom, operating for a period of 1-2 years. As a trading platform, Fibovest is notable for operating without regulatory oversight, which may pose certain risks for traders. The broker provides access to various market instruments, including forex, commodities, stocks, bonds, indices, and cryptocurrencies, catering to a diverse range of trading interests.
The platform offers a proprietary trading environment that is designed to facilitate seamless trade execution. Fibovest provides multiple account types, allowing traders to choose according to their preferences. Customer support is accessible via phone and email, ensuring assistance is available for users. While the platform claims to be commission-free and supports various payment methods, the absence of regulatory oversight may lead to increased caution for potential traders considering their options in the forex market.
Is Fibovest Safe? Regulation Analysis
Regulatory Information
Fibovest operates as an unregulated forex broker, which means it does not have oversight from any recognized financial authority. Trading with an unregulated broker can expose investors to significant risks, including a lack of investor protection and a higher potential for fraud.
Is Fibovest Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does Fibovest offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
Fibovest provides a diverse array of trading instruments, which include forex, commodities, indices, stocks, and cryptocurrencies. This broad selection caters to various trader profiles, from beginners to experienced professionals, allowing them to implement different trading strategies effectively. The availability of multiple asset categories supports portfolio diversification, enabling traders to adapt their approaches based on market conditions and personal investment goals. With the right tools at their disposal, users can engage in a variety of trading activities across different markets, enhancing their overall trading experience.
Account Types and Trading Conditions
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.
Trading Platforms and Apps
What Trading Platforms and Apps Does Fibovest Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Fibovest Proprietary Platform | Web-based (accessible on any device) | Secure login, multiple order types, market search tools, real-time alerts | Demo account, social trading available |
| Mobile App | iOS, Android | Convenient login, push notifications, simplified trading interface | No demo accounts offered |
| Desktop Version | Windows, macOS | Advanced trading tools, technical indicators, customizable layouts | API interface available |
The Fibovest proprietary platform offers a versatile trading experience, suitable for various trading styles. The web-based platform allows traders to access their accounts from any device while ensuring secure logins and fast order execution. The mobile app enhances trading convenience, enabling traders to manage their accounts on-the-go with real-time alerts. Overall, Fibovest’s platforms support efficient market analysis and trading operations, catering to the diverse needs of traders.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min 50, Max 20,000 per transaction | EUR, GBP, USD |
| Credit/Debit Card | Instant | No platform fee | Min 50, Max 10,000 per transaction | EUR, GBP, USD |
| E-Wallets (e.g., Skrill, Neteller) | Instant | 1.5% fee for deposits | Min 50, Max 15,000 per transaction | EUR, GBP, USD |
Minimum Deposit
Fibovest requires a minimum deposit of 50, which remains consistent across all payment methods and account types. This ensures accessibility for traders at various experience levels.
How to Withdraw
- Log in to your Fibovest account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred withdrawal method.
- Enter the amount you wish to withdraw, ensuring it complies with the limits.
- Confirm your details and submit the withdrawal request.
- Wait for processing, which varies by method.
Customer Support
Fibovest Customer Support Overview
Support Channels
Fibovest offers several contact methods to assist customers with their inquiries. Traders can reach out via:
- Email: Customers can send their questions or issues to support@fibovest-mail.com.
- Telephone: Support is also available by phone at +44 2037288726, providing direct assistance for urgent matters.
Service Availability
Fibovest’s customer support service is available during standard business hours, ensuring traders can seek help when needed. The support team is proficient in English, making it accessible for English-speaking users.
Frequently Asked Questions
Fibovest operates as an unregulated forex broker, which means it does not have oversight from any recognized financial authority. Trading with an unregulated broker can expose investors to significant risks, including a lack of investor protection and a higher potential for fraud.
Fibovest provides access to a diverse array of trading instruments, including forex, commodities, stocks, bonds, indices, and cryptocurrencies. This broad selection caters to various trader profiles and supports portfolio diversification.
The account opening process at Fibovest involves submitting personal, employment, and financial information, followed by identity verification which requires an identification document and proof of address. Users can upgrade to a professional account later if their trading needs change.
Fibovest offers customer support via email at support@fibovest-mail.com and by phone at +44 2037288726. The support service is available during standard business hours and is proficient in English.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.