FIBO Group — MetaTrader 5

Account conditions

Research checked

2026-10-12

Testing status

Not tested

Recorded virtual amount

Requires Verification

Recorded currency

Requires Verification

Expiry category

unknown

Evidence category

Documentation reviewed

Signup requirements

See the documented terms below. Account opening has not been tested.

Notes and remaining checks

Match SIBA/L/13/1063 and full permission scope to regulator-issued evidence. Confirm demo creation per account subtype and cTrader availability. Obtain virtual balance/currency, expiry, reset and demo-only KYC rules. Confirm full country restrictions and actual resident-specific signup agreement.

Record ID

fibo-group-mt5-bvi

Broker

FIBO Group

Legal entity

FIBO Group, Ltd.

Research region codes

• BVI

Research region code

BVI

Research region

British Virgin Islands

Research scope

British Virgin Islands

Platform code

mt5

Platform

MetaTrader 5

Documented terms

Free Forex demo after email registration; public signup presents email field. Official MetaTrader signals instructions expressly support demo or real MT4/MT5 accounts. cTrader appears in platform/account navigation but new cTrader-demo creation was not independently established. Initial virtual funds/currencies, expiry, inactivity, reset and demo-specific KYC not established. No paid deposit required by the stated free-demo route; live-account deposit tables must not be copied into demo terms.

Entity assignment

Forex page and linked public registration form both identify the BVI entity, matching the regulator name. Country-specific eligibility remains untested.

What the evidence establishes

Official demo confirmed; detailed terms partly unpublished

Supporting sources

• FIBO regulatory disclosure
• FIBO Forex and demo offering
• FIBO MetaTrader signals instructions
• FIBO public registration form

Official information source

FIBO Forex and demo offering

Official entry route

Open registration portal

Route type

portal

Notes and remaining checks

Register a profile, then create a demo account.

Evidence status

Official entry route

URL

https://mt.fibogroup.com/user/register?lang=en

Route source

https://www.fibogroup.com/products/tools/Forex/

Research checked

2026-10-13

Testing status

Not tested

Execution and demo realism

Contractual capacity and execution arrangement are separate. ECN/STP labels do not establish agency. Simulated fills do not verify live execution quality.

Scope

FIBO Group, Ltd., British Virgin Islands; MT5 NDD product description.

Testing status

Not tested

Contractual role

Finding

Requires Verification

Evidence status

Requires Verification

Notes and remaining checks

The customer agreement did not establish explicit principal-versus-agent capacity. NDD and liquidity-provider wording are not proof of agency.

Supporting sources

• FIBO Group customer agreement

Research checked

2026-10-13

Execution arrangement

Finding

NDD liquidity-provider pricing

Evidence status

Broker-reported

Notes and remaining checks

MT5 product page advertises NDD market execution with Sucden Financial liquidity and no requotes. This is a broker claim about its arrangement, not independent fill testing.

Supporting sources

• FIBO MT5 NDD account

Research checked

2026-10-13

Demo realism

Finding

Requires Verification

Evidence status

Requires Verification

Notes and remaining checks

The reviewed risk notice and product material do not establish simulated versus live liquidity, slippage, rejection, charges or margin behaviour.

Supporting sources

• FIBO Group risk notice
• FIBO MT5 NDD account

Research checked

2026-10-13

Research review

Research checked

2026-10-13

Review outcome

Reviewed; supported findings in arrangement. Remaining uncertainty is recorded per field and scope.

Remaining checks

• Identify whether this MT4 demo is Fixed or NDD.
• Read the applicable MT4 execution supplement for contractual capacity, and obtain account-specific demo slippage, rejection, charges and margin differences.
• Read the MT5 execution supplement for contractual capacity.
• Obtain the MT5 NDD demo-versus-live fill, commission, financing and margin disclosures.

Demo markets

Scope

FIBO Group, Ltd. · British Virgin Islands · MetaTrader 5. Market coverage not yet reviewed.

Testing status

Not tested

Forex CFDs

Evidence status

Requires Verification

Notes and remaining checks

Forex CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

Cryptocurrency CFDs

Evidence status

Requires Verification

Notes and remaining checks

Cryptocurrency CFD demo access has not been established for this entity and platform.

Supporting sources

No supporting source recorded for this field.

Research checked

Requires Verification

API access

Evidence status

Requires Verification

Type

Requires Verification

Access route

Not established for this offering

Notes and remaining checks

API access has not yet been established for this legal entity and demo platform. This does not mean it is unavailable.

Requirements

Confirm the account, platform and regional requirements with the broker.

Supporting sources

No supporting source recorded for this field.

Official documentation

No supporting source recorded for this field.

Research checked

Requires Verification

Testing status

Not tested

Entity and regulatory research

Evidence status

Partial

Legal entity

FIBO Group, Ltd.

Regulator

BVI Financial Services Commission

Finding

Direct BVI register identifies FIBO GROUP, LTD. as Currently Regulated Entities, Dealing as Agent, entry dated 2026-08-31. Entity status is confirmed; exact licence number and broker's additional principal/arranging permissions were not confirmed by that record.

Scope

Forex page and linked public registration form both identify the BVI entity, matching the regulator name. Country-specific eligibility remains untested.

Supporting sources

• BVI FSC — FIBO GROUP, LTD.
• FIBO regulatory disclosure
• FIBO Forex and demo offering
• FIBO MetaTrader signals instructions
• FIBO public registration form

Reading the evidence

Documentation research, not account or execution testing. Research regions do not establish residence eligibility. Requires Verification is an evidence gap, not proof of unavailability. Source conflicts and product/entity qualifications must remain attached to claims. Demo results do not establish live trading performance.

Official sources