Fibinex.io Review

Fibinex.io Review  |  What Do you need to know about this broker?

 

• Fibinex.io Forex Brokerage

  Broker Type: independant

• Leverage: 1:400

• Regulation: none

• Min. Deposit: US$5000

• HQ: Nevis

• Platforms: Desktop, web-based – Mobile

• Found in: 2022

 

Fibinex Social Channels and Contact Information

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Security

To ensure adequate security, the broker has implemented the following measures:

• All clients’ deposits are held in segregated bank accounts maintained with the top rated international banks. So, even if the broker goes bankrupt, clients’ funds will not be used to bailout the broker instead, it will be returned to the depositors.
• Fibinex has implemented ‘Secured Socket Layer’ (SSL) technology which encodes all client data before onward transmission to the servers.

Account opening

To open a live trading account with Fibinex, just visit the website and signup for a new account. Complete the account opening form, submit and you will have access to the clients’ area. From there, you can verify your account, make deposits and start trading when your account is approved.

Fibinex states that it does not provide its services to clients from USA or UAE.

 

Trading instruments

On Fibinex powered trading platforms, you can speculate on the prices of over 200 financial assets. The available assets are as follows:

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Account types

Traders are offered up to 3 account types. All accounts come with personal account manager, free daily analysis, instant execution and negative balance protection. Below are the account types:

Islamic account

This account is specifically for Muslim clients who are not allowed by their faith to charge or receive interests. So, Islamic accounts are swap free and are available on request.

Trading platform

Fibinex trading platform

This is the only platform available on the brokerage for trading activities. The platform is available as WebTrader; which is opened on web browsers and works on all operating systems. It is also available as a windows desktop application which can be downloaded and installed on windows pc. Lastly, the platform is available on android and iOS devices.

The Fibinex trading platform has a simple and user friendly interface. On its home screen, you can see the lists of assets. A trader can make the list to only display the assets of his choice by adding them to favourites. Charting of all trading instruments is available and can be displayed on 9 timeframes using up to 4 chart styles. About 50 indicators are embedded on the platform; these are important in technical analysis. When placing orders; you can use stop loss, take profit and pending orders. Fibinex trading platform is suitable for both new and experienced traders.

 

Payment options

Fibinex gives its clients a range of payment options to fund and withdraw from their trading accounts. You can have up to 3 account currencies: EUR, USD and GBP. The broker has no additional charges on deposits and withdrawals but the channels or payment processors used are likely to add their own commissions.

Fibinex accepts wire transfers from all banks. This funding and withdrawal option is universal but it is very slow as it may take up to 7 days; depending on the banks involved. Depending on your country of residence, local transfers are available.

A faster way of funding your account is using credit or debit cards. Normally, card payments are instantly processed and the money becomes available in the trading account immediately. Sometimes, there may be delays up to 24 hours but it is usually less.

Also, Fibinex clients may fund their trading accounts using Bitcoin; the popular cryptocurrency. This method is fast and normally validates within a few minutes or hours.

 Education

Fibinex is still developing its trading academy, but at the moment there are some training articles to introduce some basics to a beginner trader.

Fundamental analysis: This article introduces the basics of fundamental analysis.

Forex trading strategies: The focus of this short article is on forex trading tips to make you a better trader.

Technical analysis: This introduces chart patterns, trend lines, support/resistance and some popular technical indicators to newbies.

Leverage and margin: The article gives explanation to these important trading concepts.

Customer support

Fibinex boasts of a multilingual and dedicated customer support desk that is willing to attend to clients’ problem anytime the markets are open; that is, 24/5. Their support phone line and email are the channels through which you can reach out to them.

Summary

Fibinex is a new generation broker that is customer focused and technologically updated. It gives its clients access to trade several instruments on user friendly, modern and mobile friendly trading platforms. Though it is still a new brokerage, its founders are well experienced fintech experts and so, users are in for a great trading experience.