Fibinex.io Review

Fibinex.io is a forex and CFD brokerage firm founded with the aim of mitigating clients’ risks and providing an excellent trading environment. Founded by a group of financial industry experts, Fibinex has its values as Trustworthiness, Empowerment and Excellent service. Multiple financial instruments can be traded on its platforms. The broker has deployed cutting edge technologies that have ensured lightning speed executions, competitive trading fees and a digitally secured trading environment.

Security

Fibinex.io is owned and operated by ‘Cranberry Consiltant limited’ which is a company registered in Nevis. In line with the global standards, Fibinex has opened bank accounts with only the major international banks which are well-capitalized and reliable. All deposits from clients are maintained in segregated accounts which are not used by the broker to run its daily internal operations or for hedging activities. Fibinex.io ensures that clients’ funds are only used to fund trade positions.

The broker understands that maintaining leveraged positions in times of market volatility might lead to great losses, so, it has implemented ‘negative balance protection’ on all accounts.

Fibinex has also secured its website and platforms with Secured Socket Layer (SSL) technology; this ensures that all client transactions are encrypted before transmission.

Account opening

Visit www.Fibinex.io and click on ‘Register’ to display the registration form. Fill in your personal details, choose a password and submit. Immediately, you will be logged into the clients’ area where you can make deposits, upload verification documents and commence trading activities.

Fibinex.io does not accept clients from USA, UAE and a few other jurisdictions where its services will interfere with the local laws.

Trading instruments

On its trading platforms, clients can trade up to 50 forex pairs, 8 indices, 5 commodities, 76 crypto CFDs and about 130 stock CFDs from different countries.

Account types

Fibinex accounts can be maintained in EUR, GBP and USD. All trades are executed instantly. There are 3 account types that are available to Fibinex.io clients. They are as follows:

Islamic account

Muslim clients may request for swap free Islamic accounts.

Trading platform

Fibinex.io trading platform

All clients can place their orders via the Fibinex trading platform. It is a user friendly and customizable platform designed by ‘EasyTech Software’. It comes with the following features:

• Customizable assets list: clients can use ‘favourites’ to display only their assets of choice. It also has a search bar which can be used to easily find a given asset instead of scrolling.
• The price movements of all trading instruments can be viewed on 4 chart styles; candles, bars, area and line charts.
• All charts can be displayed on 9 timeframes; from 1 minute to 1 week.
• It comes with 50 technical indicators.
• Multiple order types are available including pending orders, stop orders, etc.

Fibinex trading platform comes in 3 versions:

• WebTrader: This works on all internet browsers and needs no downloads.
• Desktop: This version can be downloaded and installed on windows PCs.
• Mobile Trader: Fibinex platform is available for trading on the go via mobile apps developed for android and iOS devices.

Payment options

Fibinex.io does not charge extra commissions for deposits and withdrawals. Its clients can fund their trading accounts using a number of methods:

Debit and credit cards

The popular cards issued by Visa or MasterCard are accepted. This method is very fast as deposits are processed instantly.

Bank transfer

Bank wire transfer is the slowest deposit method because it usually takes 2-7 days depending on the acquiring banks. The funds must be transferred from the client’s account as third party deposits are prohibited. Depending on your residential area, Fibinex.io may accept local funds transfer.

Bitcoin

You can fund your trading accounts using the popular cryptocurrency; Bitcoin. Deposits may take a few minutes to a few hours before the process is completed.

Education

To help its new clients with some trading knowledge, Callber has the following articles on its website:

• Fundamental analysis: It introduces the analytical method to beginners.
• Technical analysis: The article teaches the key concepts of technical analysis.
• Leverage and margin: This article explains how leverage and margin works in forex and CFD trading.

Customer support

Fibinex has a dedicated client support desk that speaks several languages and is always ready to assist. If you wish to contact the support team for enquiries, questions or problem resolution, they are available on a 24/5 basis. You can reach them by sending an email to [email protected] or by calling their client support phone line +44 2030 973 721.

Summary

Though a new broker in the financial markets; Fibinex.io is a modern broker that is out to meet the needs of its clients. It provides digital security, professional platforms, multiple payment options and has a dedicated support team. It is a top choice for retail and institutional traders who wish to trade forex and CFDs in a safe and conducive trading environment.