FIBO Group

etrade · #1 (**permalink**) 04-24-2008, 10:17 AM

I just found this Swiss-based broker by chance, as I tried it (among many other MT4 brokers) I found it a great broker ... thus I decided to recommend this broker to TSD buddies

It has a good performance and honestly orders will be executed with the current price, even when it takes longer time.

The spreads are quite good and it also has minimum trade size of 0.01 lot

It has many advantages over other brokers ... of course, I'm not IB and just want to introduce this opportunity to other friends.

... and I believed this deserve of an exclusive thread as people may be interested to discuss their experience with this broker

Have successful trades

metcalfe · #2 (**permalink**) 04-24-2008, 10:19 AM

Quote:

Originally Posted by etrade

I just found this Swiss-based broker by chance, as I tried it (among many other MT4 brokers) I found it a great broker ... thus I decided to recommend this broker to TSD buddies

It has a good performance and honestly orders will be executed with the current price, even when it takes longer time.

The spreads are quite good and it also has minimum trade size of 0.01 lot

It has many advantages over other brokers ... of course, I'm not IB and just want to introduce this opportunity to other friends.

... and I believed this deserve of an exclusive thread as people may be interested

Have successful trades

What do you mean "even when it takes longer time" and longer how in seconds?

forexmoments · #3 (**permalink**) 04-24-2008, 10:58 AM

Quote:

Originally Posted by metcalfe

What do you mean "even when it takes longer time" and longer how in seconds?

Execution is one of the most important things in trading.

etrade · #4 (**permalink**) 04-24-2008, 01:19 PM

Quote:

Originally Posted by metcalfe

What do you mean "even when it takes longer time" and longer how in seconds?

When market is under fast movements and server is busy ... execution of order takes few seconds ... it is essential

BUT most of brokers use this trick to execute the order in the worst price (for the trader). In other words, they keep the order for seconds to find the worst price.

In my experience, FIBO execute the order exactly in the first price, even when the price is moving in other direction.

Since this is a very important feature about brokers (particularly for scalpers) I disclosed this experience in this thread

etrade · #5 (**permalink**) 04-24-2008, 01:21 PM

Quote:

Originally Posted by forexmoments

Execution is one of the most important things in trading.

Yes I totally agree ... and in my experience the execution time of FIBO was always reasonable, even during important news when the market is crazy

Of course, I do not say that FIBO is the best, but it is something good among counterparts, and traders in this level can use this option

metcalfe · #6 (**permalink**) 04-24-2008, 02:08 PM

ok thanks. Do you have a real account?
They don't have good review Fibo Group Reviews | FiboGroup Ratings | fibogroup.com reviews and ratings by Forex Peace Army

etrade · #7 (**permalink**) 04-24-2008, 02:33 PM

Quote:

Originally Posted by metcalfe

ok thanks. Do you have a real account?
They don't have good review Fibo Group Reviews | FiboGroup Ratings | fibogroup.com reviews and ratings by Forex Peace Army

Yes, I have a real account for months

and now I want to move all of my fund to this broker

Frankly, I wish to hear experience of other trades before this action

You know that it's not easy to judge about a broker

etrade · #8 (**permalink**) 04-25-2008, 09:14 AM

By the way, I forgot to note that FIBO pays annual interest of 2.0% to unused margin