Recalculated 2026-11-02 · Established 1998 · South African clients onboarded by offsh
FIBO Group — South Africa
FIBO Group is rated 3.13 out of 5 by our formula (scored, but outside the ranking) for traders in South Africa: round turn 6 USD, residents accepted — Through an offshore entity.
Suits you if the round turn is 6 USD against a 7 USD median here · a swap-free account is available · it runs 3 trading platforms
Look elsewhere if it holds no licence issued in South Africa · you are onboarded by an offshore entity, not a local one
Key facts (8)
- Who actually onboards you
- South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Licence number
- not stated
- Established
- 1998group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- No ZAR bank rail verified; cards, bank wire, Skr
- Max leverage
- 1000geo
- EURUSD
- 0.2 pipsgroup
Accounts (8)
8 of 8 accounts with a published cost per lot
8 of 8 shown
Click a column heading to sort. Figures are list terms, no promo codes.
| Broker · account | Min deposit, USD | Spread | Commission | Cost per lot | Swap-free |
|---|---|---|---|---|---|
| FIBO GroupMT4 Cent | 0.01 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
| FIBO GroupMT4 Fixed | 50 | 2advertised | Anyper standard lot | 20round turn, USD | — |
| FIBO GroupMT4 NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT4 NDD No Commission | 50 | 0.8advertised | Anyper standard lot | 8round turn, USD | — |
| FIBO GroupcTrader NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupcTrader Zero Spread | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT5 NDD | 50 | 0advertised | — | 0round turn, USD | — |
| FIBO GroupMT5 Cent | 0.01 | 0.6advertised | Anyper standard lot | 6round turn, USD | — |
This broker against the South Africa middle (81 of 104)
| FIBO Group | South Africa median | |
|---|---|---|
| Round turn, USD | 6.0 USD | 7.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | up to 2 business daysgroup | 24.0 h |
| EURUSD, standard | 0.2 pipsgroup | 1.0 pips |
| EURUSD, raw | 0.0 pipsgroup | 0.0 pips |
| Established | 1998group | 2009.0 |
| Platforms | 3 | 3.0 |
Onboards residents through an offshore entity
Not FSCA-regulated; offshore-only. No specific FSCA warning verified at review.
56 of 104 brokers in our base hold a licence issued in South Africa. That is a fact about the market, not about FIBO Group.
- Who actually onboards you
- South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Licence number
- —
- Local licence
- no
- Checked
- 2026-07-09
Score (5/6 axes)
A weighted average of the axes below. Each axis is measured on the same scale as the score itself, and carries the weight shown beside it.
Check:26.7% × 4.75+ 26.7% × 0.50+ 20.0% × 3.00+ 13.3% × 5.00+ 13.3% × 3.50= 3.13
Shown, not ranked: no review-platform rating
Licence check
- Licence number
- —
- Checked
- 2026-07-09
Who actually onboards you
South African clients onboarded by offshore FIBO Group, Ltd (BVI).
Offshore entity
What each account gives you
MT4/MT5 Cent (from 1 cent / ~R800 equiv), Fixed/NDD (min USD 50), cTrader (min USD 50).
Cost per round turn, and the South Africa middle (81 of 104)
raw+commission
Client-money protections
Min from 1 cent (Cent) / USD 50 (standard); 'No Fee Deposit' fee coverage.
What the broker publishes about payouts
Trading software and asset classes (3)
MT4 · MT5 · cTrader
FX, metals, crypto CFDs (lev capped), US stock CFDs, indices.
Reviews
rating of 2.0 out of 5 based on 14 reviews
Where it wins, where it loses
Pros (2)
- Round turn 6.0 USD against a South Africa median of 7.0
- Swap-free account available
Cons (1)
- No local licence: the client is onboarded by a foreign entity
Where it does not serve
United States, United Kingdom, Australia, Belgium, Russia, North Korea
Methodology
the weighted mean of six axes, each on the same 0–5 scale · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Sources (4)
4 sources, read on 2026-07-09. Ordered by weight of evidence: regulator registers first, then the broker's own documents, review platforms and aggregators.
- Regulator registers
- 1fsca.co.zafsca.co.za · domainRegister
- The broker's own documents
- 2fibogroup.comfibogroup.com · domainBroker
- Aggregators and directories
- 3sashares.co.zasashares.co.za · domainAggregator
- 4fxscouts.co.zafxscouts.co.za · domainAggregator
FAQ (5)
Does FIBO Group accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FIBO Group?
South African clients onboarded by offshore FIBO Group, Ltd (BVI).
What licence does FIBO Group hold for South Africa?
No licence number is published for this country.
What does one EURUSD lot cost at FIBO Group?
6.0 USD per round turn against a South Africa median of 7.0 USD, measured on 81 of 104 brokers.
How long does a withdrawal from FIBO Group take?
FIBO Group publishes up to 2 business days. Their own wording: “Withdrawals are typically processed within up to 2 business days.”.