Fibonetix

Basic Information & Regulation of Fibonetix

Fibonetix is a forex broker registered in Belize, offering investors a wide range of trading assets such as forex currency pairs, index stocks, etc. Fibonetix is currently not subject to any effective regulation.

Safety Analysis of Fibonetix

The primary criterion for the safety of a forex trading platform is whether it is regulated by a formal regulatory body. Fibonetix is currently an unregulated broker, which means that the safety of investors' funds on the Fibonetix platform is not effectively protected compared to those regulated by the FCA in the UK and CySEC in Cyprus.

Market Instruments

Fibonetix offers investors a wide range of trading assets, mainly Forex currency pairs, commodities, stocks, indices, and cryptocurrencies.

Accounts & Leverage of Fibonetix

To meet different investors' investment needs and trading experience, Fibonetix offers four different trading accounts, namely Basic (minimum deposit of $250), Advanced, Expert, and VIP accounts. Basic and Advanced accounts have the leverage of 1:100, Expert accounts have a maximum leverage of 1:200, and VIP accounts have maximum leverage up to 1:400.

Spreads & Fees of Fibonetix

Fibonetix does not provide specific information on spreads but only mentions that it offers both fixed and floating spreads. Additionally, Fibonetix charges a service fee of 150 EUR for traders who are inactive for 30 days and have less than 25 trades.

Trading Platforms Available of Fibonetix

Another confusing part is that Fibonetix does not mention any trading platform it uses. Most of the brokers use the MT4 trading platform - the most popular trading platform in the forex sector, while Fibonetix does not provide any information about this.

Deposit and withdrawal of Fibonetix

Fibonetix supports traders to deposit and withdraw funds from their investment accounts via Visa, Wire Transfer, MasterCard, Bitcoin, Quick Bank Transfer, and Ether. The minimum withdrawal amount is $250.

Pros & Cons of Fibonetix

The main advantages of Fibonetix are:

1. Richness of trading assets (allegedly)

2. Four trading accounts to choose from

The main disadvantages of Fibonetix are:

1. Offshore registered broker, not subject to any regulation

2. Unclear trading conditions

3. Not offering demo accounts

4. No MT4 trading platform offered

5. Excessive fees