FIBO Group Under the Lens: Disappearing Deposits & Withdrawal Problems Explained

FIBO Group has grabbed attention from traders for mostly the wrong reasons, as traders have accused the broker of causing financial losses using malicious tactics. Whether it is about withdrawal access, deposit disappearance, trade manipulation, or awful customer support service, the broker is receiving flak from traders on all aspects online. Our team accumulated a list of complaints against the FIBO Group broker. Lets screen these with us in this FIBO Group review article.

Explaining the Top Complaints Against FIBO Group

Non-reflection of Deposits in the FIBO Group Forex Trading Account

This is a serious violation of the fair forex trading rules stipulated by regulators globally. A trader recently pointed out on the WikiFX website that the broker convinced him to deposit funds. However, the deposit did not reflect in the traders account, leaving him frustrated over the incident. Look at the screenshot below, perfectly capturing the essence of this critical trading issue.

The Fund Scam Complaint Against FIBO Group

A trader made a short but massive complaint in context by stating that he traded a lot but could only see funds vanishing from his FIBO Group forex trading account. The alleged fund stealing incident made the trader share this negative FIBO Group review.

Too Many Needless Questions When Seeking Withdrawals, the Trader Alleged

A trader commented that the FIBO Group asks too many questions, which are not necessary for withdrawals. This may not seem like a scam. However, it does not make the brokers reputation any better. Check out the complaint screenshot below.

No 'Withdrawal Button' Accusation Against FIBO Group

In a shocking exposure claim, a trader highlighted the inconvenience felt with no withdrawal button placed on the brokers trading platform. This serious breach concerning the FIBO Group withdrawal process puts the broker under the scanner. With no customer support, the situation looked ominous for the trader. To know more about it, check the screenshot below.

The Malicious Position Liquidation Complaint Against FIBO Group

A trader alleged that FIBO Group maliciously liquidated his MSFT (US stock) position without valid justification. The position was opened on one Tuesday evening during the active US trading session—not on a weekend or holiday—and the margin conditions were unchanged until the US market closed. However, the broker allegedly deleted/liquidated the order during non-trading hours the following afternoon, causing significant losses. The trader claims this action was deliberate, unfair, and not based on any stated weekend or holiday liquidation policy. Despite repeated attempts, the platform failed to respond to the traders queries. Frustrated by the incident, the trader left this FIBO Group review online.

Reports of Numerous Worst Trade Order Execution Instances

Traders have been constantly reporting price manipulation on the FIBO Group login. In one case, a trader pointed out that the broker executed the worst price than the requested one by as many as 32 times, causing him capital losses worth $400. Here are multiple price manipulation screenshots against the FIBO Group broker.

Minimal to No Scope for Profit Due to Wide Spreads, the Trader Claims

A trader recently highlighted a critical issue of a wide spread that minimizes or eliminates the scope for earning profits. While the trader acknowledges the volatile market conditions, the massive difference between the bid and ask prices on the FIBO Group login always spells financial losses for traders. The trader requested a more balanced spread so that every participants interests are met successfully. Check out the screenshot below to know more about the complaint.

The Act of Coercion Applied for Deposits, the Trader Claimed

A harrowing complaint surfaced online where the trader narrated how nonchalantly the FIBO Group customer care representative called him to deposit funds with the trading platform. Despite the trader‘s refusal to open a trading account, the representative kept threatening him to open the account. As per the complaint, it also seems that the trader was duped, as he said that he would not be using the FIBO Group broker’s platform again. Neither did he recommend anyone to use it.

WikiFX Shares the Review of FIBO Group: Score & Regulation Status Check

After examining the complaints, the WikiFX team investigated FIBO Group and found the Virgin Islands-based forex broker to be an offshore regulated entity. Offshore regulation does not offer the high level of investment protection provided to traders tied up with top-tier regulated brokers such as the Financial Conduct Authority (FCA). As a result, the WikiFX team could only give it a score of 3.57 out of 10.

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