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FIBO Group in South Africa — review, licence and costs
Score (5 of 6 axes scored)
shown, not ranked: no reviews
- Round-turn cost20%95
- Safety20%10
- Payouts15%60
- Track record10%100
- Platforms10%70
Numbered by weight: axis 1 counts for most.
Key facts (6 facts)
- Onboarding entity
- South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Founded
- 1998
- Retail leverage
- 1000ZA
- Round turn
- 6 USDZA
- Currencies
- No ZAR; USD, EUR, GLD (gold).
- Swap-free account
- yes
Licence check
Open an account with FIBO GroupThe broker's own website. Not a partner link — we earn nothing from it.
Who actually onboards you
- Entity that onboards South Africa residents
- South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Local standing
- Not FSCA-regulated; offshore-only. No specific FSCA warning verified at review.
- Licence as the register states it
- No FSCA FSP authorisation; served under BVI FSC only.
- Leverage for this entity
- Up to 1:1000 (Cent up to 1:5000; some marketing 1:3000; NDD 1:400).
- The firm behind it
- Founded 1998, CIS roots; HQ Limassol, Cyprus; offshore FIBO Group Ltd (BVI).
- What we hold against it
- Offshore BVI only; ex-CySEC (withdrawn 2025); ex-FCA revoked; less investor protection than tier-1; withdrawal complaints.
Leverage by entity
The licence belongs to the firm; a leverage figure belongs to one entity. Only the entity that onboards South African residents enters the score.
Scale from 1:10 to 1:3000, logarithmic.
Client protection
- Local entity onboards youNot FSCA-regulated; offshore-only. No specific FSCA warning verified at review.
- Regulator warning on filenone found
— means the broker does not state it in any source we captured. It is not read as “no protection” and it is not scored.
Price against South Africa market median(priced from 80 of 103)
Medians run over the 80 of 103 brokers that publish a price for South Africa, never over the whole base. A spread without its commission is not a price and is not counted.
Accounts
Account types the broker names for this country: MT4/MT5 Cent (from 1 cent / ~R800 equiv), Fixed/NDD (min USD 50), cTrader (min USD 50). The figures below are the broker's own and do not differ by account in any source we captured.
Swap-free account terms
Terms read from the account page on 01.10.2026. The cap on open positions is not published.
Where FIBO Group sits in the South Africa base(103 brokers)
Round-turn cost, USD (80 of 103 priced)
Median 7 USD · range 1-20 · this broker 6 USD · 23 of 103 brokers do not publish it
Minimum deposit, USD (49 of 103 priced)
Median 50 USD · range 0-1000 · this broker 50 USD · 54 of 103 brokers do not publish it
Retail leverage (72 of 103 with a South Africa figure)
Median 1:500 · range 20-5000 · this broker 1:1000 · 31 of 103 brokers do not publish it
Withdrawal time published (103 brokers)
Payouts
Identical for every row: Deposit, h 24 · Fee, USD 0 · Min, USD 50.
Deposit and withdrawal methods (5 methods · 0 local rails)
No ZAR bank rail verified;
- Cards
- Bank wire
- Skrill
- Neteller
- Perfect Money
- Account currency
- No ZAR; USD, EUR, GLD (gold).
- Fee declared
- 5 of 5 methods
- Withdrawal back to
- the funding method
Where it does not serve(6 countries)
From the client agreement, clause 2.3. A country missing from a translated page is not read as “served”.
Platforms and markets(4 platforms)
- MT4
- MT5
- cTrader
| Class | Count | Min spread |
|---|---|---|
| MT4 | — | 0.2 |
| MT5 | — | 0.2 |
| cTrader | — | 0.2 |
| Forex pairs | 32 | — |
184 further account types are named by their brokers but publish none of these figures, so they are not in the comparison: IC Markets Raw Spread MT4/MT5, IC Markets Raw Spread cTrader, Eightcap Standard, Eightcap Raw, Fusion Markets Classic account, Pepperstone Standard and 178 more.
Identical for every row: Leverage 1000 ZA.
Reviews(1 platform · 25% of the score)
| Snapshot | Rating | Reviews |
|---|---|---|
| 02.10.2026 | 2.0 | 14 |
Share of reviewers in South Africa: — The platform does not publish it.
Pros and cons(4 for and 4 against, each tied to a figure on this page)
- Round turn 6 USD on the raw + commission basis, under the South Africa median 7
- Swap-free account available
- Track record 100 of 100, its strongest of 5 scored axes
- 3 platforms: MT4, MT5, cTrader
- No South Africa authorisation on file: the entity that onboards you is licensed elsewhere
- Withdrawal in 48 h, over the South Africa median 24
- Safety 10 of 100, its weakest of 5 scored axes
- Not scored on reviews: the broker publishes no figure we could read
Alternatives in South Africa(6 of 103 scored in South Africa)
- Round turn, USD
- 7ZA
- Min deposit, USD
- 50 groupZA
- Leverage
- 100ZA
- Rank in this country
- #49
- Round turn, USD
- 7ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 50ZA
- Rank in this country
- #22
- Round turn, USD
- 5ZA
- Min deposit, USD
- 100 groupZA
- Leverage
- 500ZA
- Rank in this country
- #48
- Round turn, USD
- 8ZA
- Min deposit, USD
- 500ZA
- Leverage
- 500ZA
- Rank in this country
- #61
- Round turn, USD
- 5ZA
- Min deposit, USD
- 10ZA
- Leverage
- 500ZA
- Rank in this country
- #17
- Round turn, USD
- 6ZA
- Min deposit, USD
- 25ZA
- Leverage
- 500ZA
- Rank in this country
- #6
"group" marks a figure the broker publishes for the group rather than for this country. It is shown because the broker states it, and it is not ranked, averaged or used to sort.
Methodology(6 axes · formula v1.0)
Score = 2 + 3 × weighted mean of six axes scored 0–100. Range 2.0–5.0. An axis without data drops out and the remaining weights are renormalised; it is never scored zero or estimated. Group-wide figures never enter a South Africa score. Full methodology
| Axis | Weight | What is measured | FIBO Group |
|---|---|---|---|
| Reviews | 25% | Rating, volume and recency on one public review platform | — |
| Round-turn cost | 20% | Round turn on 1 lot EURUSD: spread plus commission, against the country median | 95 |
| Safety | 20% | Local authorisation, the entity that onboards you, any regulator warning | 10 |
| Payouts | 15% | Published withdrawal time, fees and the methods available in the country | 60 |
| Track record | 10% | Years since the firm was founded, from its own filings | 100 |
| Platforms | 10% | Which trading platforms the broker confirms for this country | 70 |
FAQ
- Does FIBO Group accept residents of South Africa?
- No. Not FSCA-regulated; offshore-only. No specific FSCA warning verified at review. Onboarding entity: South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Is FIBO Group licensed to serve clients in South Africa?
- No FSCA FSP authorisation; served under BVI FSC only. Checked on 09.07.2026.
- How much does one round turn cost at FIBO Group?
- About 6.0 USD per standard lot on EUR/USD. The median across brokers measured for South Africa is 7.0 USD.
- What leverage does FIBO Group offer to retail clients in South Africa?
- Up to 1:1000. Up to 1:1000 (Cent up to 1:5000; some marketing 1:3000; NDD 1:400)
- Which trading platforms does FIBO Group support?
- MT4, MT5, cTrader. Instruments: FX, metals, crypto CFDs (lev capped), US stock CFDs, indices.
- How can I withdraw money from FIBO Group in South Africa?
- No ZAR bank rail verified; cards, bank wire, Skrill, Neteller, Perfect Money.
- What account types does FIBO Group offer?
- MT4/MT5 Cent (from 1 cent / ~R800 equiv), Fixed/NDD (min USD 50), cTrader (min USD 50).
- Does FIBO Group offer a swap-free (Islamic) account?
- Yes. FIBO Group offers a swap-free (Islamic) account to South Africa residents.
Taxes for a South African resident(1 rule)
- SARS taxes residents on worldwide income.https://fibogroup.com
Not tax advice. Check with SARS.