Types of trading accounts
FIBO Group offers its clients different types of trading accounts for different trading strategies. We have Instant Execution and Market Execution accounts both with commissions and without, with guaranteed execution of orders at stated price. It all allows our clients to show excellent trading performance.
The accounts MT4 Cent are ideal if you are only learning to trade on Forex and do not want to invest lots of funds. All the calculations are produced in cents that allow to decrease the scope of deals. This pecularity of the accounts MT4 Cent allows to test trading robots in real market conditions without great financial investments.
DetailsMT4 Fixed type of account with Instant Execution of orders is the best choice for “manual” trading. Fixed spread allows traders to test a strategy and in future use it for automated trade. MT4 Fixed accounts perfectly suit traders that specialize in long-term trading. Four-digit quotes present a brilliant opportunity to conduct a fundamental analysis on charts.
DetailsNDD technology makes it possible to do business directly with major liquidity providers. Minimum spreads and zero fees will make deals even more beneficial. This type of account is especially good for scalping — quick deals within a single trading day.
DetailsMT4 NDD type of accounts with Market Execution of orders is a perfect option for those who prefer intraday trading strategies such as scalping (method of trading based on infinite number of short-term trades). MT4 NDD accounts are characterized with high order execution speed, minimum floating spreads and absence of requotes.
DetailscTrader NDD accounts are the best solution for intraday strategies implemented on cTrader trading platform which offers more analytical and trading opportunities (market depth and own interface for the development of expert advisors). On cTrader NDD accounts No Dealing Desk technology is applied, thus allowing you to trade directly with the world’s greatest liquidity providers.
Details| MT4 Cent1 | MT4 Fixed | MT4 NDD | MT4 NDD No Comission | cTrader NDD | MT5 NDD2 | |
|---|---|---|---|---|---|---|
| Trading platform | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 | cTrader | MetaTrader 5 |
| Techonology of execution of orders | No Dealing Desk | Market Maker | No Dealing Desk | No Dealing Desk | No Dealing Desk | No Dealing Desk |
| Minimum deposit | 0 ¢ | 300 $ | 300$ | 300 $ | 100 $ | 500 $ |
| Fifth decimal point | yes | no | yes | yes | yes | yes |
| Minimum lot/volume step | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 | 0,01/0,01 |
| Minimum spread | from 0,6 | from 2 | from 0 | from 0,8 | from 0 | from 0 |
| Commission | no | no | 0.003% from the amount of a transaction | no | 0.003% from the amount of a transaction | till 100 million - $30 for a million USD from 100 million to 250 million - $25 for a million USD >250 million - $20 for a million USD |
| Leverage | 1000 | 200 | 400 | 400 (for crypto currencies - 3) | 400 | 100 (for metal - 33) |
| Stop Out level | 20% | 20% | 50% | 50% | 20% | 100% |
| Currency of account | USD cent, GLC3 | EUR, USD, RUR, CHF, GBP | EUR, USD, GLD4 | EUR, USD, GLD4, BTC5, 7, ETH6, 7 | USD, EUR | EUR, USD, CHF |
| CFD trading oppurtunity | no | yes | yes | no | no | no |
| Amount of currency pairs | 38 | 60 | 32 | 45 | 41 | 42 |
| The quantity requirement of open positions | 50 | no | no | no | no | no |
| The volume requirement of open positions | Maximum order volume - 100 lots (1 standard lot) | no | no | no | no | no |
| Managed account (PAMM) | no | yes | yes | yes | no | no |
1Service is available only in the company FIBO Group, Ltd
2Service is available only in the company FIBO Group Holdings, Ltd
3The cost of one unit of currency GLС is calculated as 1:100 000 of the cost of an troy ounce at the date of transferring. (GLC on MT4 Cent account = market price 1 oz. GOLD/100000)
4The cost of one unit of currency GLD is calculated as 1:1000 of the cost of an troy ounce at the date of transferring. (GLD = market price 1 oz. GOLD/1000)
5 The cost of one unit of BTC currency is calculated as 1:1000 of the cost of Bitcoin (BTC=btcusd/1000)
6 The cost of one unit of ETH currency is calculated as 1:100 of the cost of Ethereum (ETH=ethusd/100)
7 For Managed accounts (PAMM) and Affiliate account types, crypto currencies are not available for selection as base currencies
| By clicking "Continue" you will be redirected to the website operated by FIBO Group Holdings Limited, a company registered in Cyprus and regulated by CySEC. Please familiarize yourself with the Terms of Business through the link. Click "Cancel" to remain on this page. |