FIBO Group Rebates
| Fixed | Floating | MT5 NDD | cTrader |
| 0.45 Pips/Round Turn Lot | 19.5% of Spread | 18.75% of Commissions | 18.75% of Commissions |
Please avoid churning as it is not accepted by brokers. If you simply wish to generate rebates for your account without actually trading, please don't, as such rebates will be voided by the broker.
What is FIBO Group Cashback?
Forex rebates (or cashback) is cash you get back (ie cash-back) for each trade you make. Just like with any cashback, you get paid back for performing your regular transactions with the service (a forex broker in our case) and get paid back part of the cost you’re being charged by FIBO Group.
Important to note that each broker has different cashback rates for account types and instruments.
For example, you can receive a cashback of 0.5 pip for each EURUSD trade but no cashback for GOLD trades. Moreover, each broker has different rebates payment terms, such as payment timing (trade open/close, end of month) or trading requirements (minimal trade duration).
PAYBACKFX provides real-time reports of each of your cashback (when possible) so you can be rest assured that each and every rebate you should receive is paid to your account.
FIBO Group forex rebate is a must for any forex trader since it increases your profitability and cuts down costs, and unlike some of our competitors, your trading terms such as the spreads or commissions you pay never change.
How FIBO Group cashback works?
When we refer you to FIBO Group to open a new trading account or link an existing trading account under our referrer (when possible), the FIBO Group pays us a commission which is mostly paid back to you in the from of cashback.
How much FIBO Group cashback can I earn?
FIBO Group cashback will depend much on your trading volume, the larger the volume the more cashback you will receive.
Below you can use our FIBO Group cashback calculator to estimate the monthly or yearly cashback
FIBO Group cashback calculator
How FIBO Group cashback is paid?
Your FIBO Group cashback is reported in real-time in your dashboard and the cashback is usually released a few days after the end of the month which is when we collect your cashback from FIBO Group.
The cashback can be then withdrawn with the available options in the withdrawal page.
Is it the best FIBO Group cashback?
PAYBACKFX provides you the best FIBO Group cashback service, starting from the cashback level and down to customer service. In case of any issues arise, we are always here to help and can even step in and help with any issues you may have with FIBO Group.
| Broker Name | FIBO Group |
| Broker type | Market Maker NDD |
| Country | British Virgin Islands |
| Operating since year | 1998 |
| Number of employees | 100 |
| International offices |
|
| Regulation | FSC (British Virgin Islands) |
| Address | Agias Fylaxeos, 182, Office 103, Business Center “Kofteros” Limassol, Cyprus 3083 |
| Broker status |
Broker |
| Accepting US clients? | No |
| Account currency | USD, GBP, EUR, CHF, RUB |
| Funding/Withdrawal methods | Wire Transfer, Credit Card, Debit Card, Western Union, WebMoney, Neteller, Skrill, Okpay |
| Swap free accounts |
Yes
|
| Segregated accounts |
Yes
|
| Interest on margin |
Yes
|
| Managed accounts |
Yes
|
| Accounts for money managers (MAM, PAMM) |
Yes
|
| Phone | +357 25 105 641 |
| Fax | +357 25 105 642 |
| service@fibogroup.com | |
| Languages | English, Spanish, German, Russian, Chinese, Arabic, Farsi |
| Availability | Phone, Chat, Email, FAX |
| Trading Platforms | MetaTrader 4, MetaTrader 5, cTrader |
| Trading platform(s) timezone | (GMT +2:00) South Africa, Jerusalem |
| Demo Account | Yes Demo account is expiring in 60 Days |
| Mobile trading |
Yes
|
| Web based trading |
Yes
|
| API |
No
|
| OCO orders |
No
|
| Trading over the phone |
Yes
|
| Hedging allowed |
Yes
|
| Trailing stops |
Yes
|
| One click trading |
Yes
|
| Contests |
Yes
|
| Other trading instruments | Stocks, Options, Futures, Indices, Commodities, CFDs |
| Minimum deposit($) |
300.0
|
| Maximal leverage(1:?) | 400 |
| Minimum lot Size |
0.01
|
| Maximum lot Size |
200.0
|
| Commission |
0.0
NDD No Commision |
| Spread | Variable |
| Decimals | 5 decimals |
| Scalping allowed |
Yes
|
