FIBO offers the MetaTrader 4 Platform, MetaTrader 5 and cTrader.
All trading software that we offer is free of charge. You can download it directly from our website.
Yes, you may open more than one account with us. To open an additional account you should login to your personal client cabinet and click “Open a new trading account”. It is not necessary to submit your ID and utility bill again (unless the details have changed) as we already have these on file.
A lot is the standard unit size of a transaction. 1 lot is 100,000 units of base currency. 0.1 of a lot is 10,000 units of base currency 0.01 of a lot is 1,000 units of base currency (this is the minimum lot size). Base currency is the first one in the currency pair.
The lot increment is 0.01. In other words the smallest lot size available is 0.01, then 0.02, 0.03, 0.04 and so on.
Please see our contract specifications page to view the information about all spreads.
Yes, we allow scalping. We do not have any special policies or restrictions on scalping.
Swap charges differ from one currency pair to another and are determined by the banks we work with. Swap rates can be found on our website under the “Contracts Specifications” page.
You can keep a position open for as long as you like. Please make sure you have enough margin to maintain your position(s) to avoid getting a margin call or stop-out.
To view your trading history, please login into your MT4 account and press Ctrl+T on your keyboard. Click on the “Account History” tab at the bottom left, right click anywhere on the tab and select ”All History,” “Last 3 months,” “Last Month,” or “Custom period” as you require. You can view your account history from the very first trade. Also you can view the trading history in your personal client cabinet.
You can replenish your account with FIBO Group Ltd via bank wire transfer, bank card or electronic payment systems. Please see our website for more detailed information.
We do not charge any fees or commission for depositing or withdrawing funds. Please note however that the payment processor will impose their charges and the funds will be deposited to your account (or sent to you) after the deduction of all the relevant charges. The details of our bank charges are shown on our website. The fees and commissions charged by the clients’ banks would depend on the financial institutions and the arrangements that the clients have with them.
Yes, you may trade with any Forex Expert Advisor you like.
Current MetaTrader4 versions already have a built-in feature of One Click Trading, but it is disabled by default.
To switch One Click Trading on go to “Tools”, click “Options” and select “Trade” tab, there you only need to check the “One Click Trading” box and accept the disclaimer conditions. After you´ve done everything correctly, a new small window shall appear on the chart.
One Click Trading is all set!
The panel is blue when an instrument´s price grows and becomes red when the price falls. Bid and Ask prices are also displayed along with the volumes. Clicking Sell or Buy you may instantly place an order of a selected volume.
Please, pay your attention that One Click Trading does not require any additional confirmations and an order is sent to the server the moment you click the button.
Factory Orders is an important part of any trader's analysis for predicting the trend direction. Just like many other indicators, Factory orders are calculated and published by the American Bureau of labor statistics. The time of release is traditional — 11 a.m (Eastern Standard Time) on the 35th day after the end of the fiscal month. One week prior, there's a preliminary report which includes the most important numbers of Factory Orders.
The change of this indicator means a new result of recalculation of the total amount of new orders done by the customer. Thus, if Factory Orders increase, it clearly means an increase in demand, costs of costumers and income of companies and their stability. All the mentioned strengthens the American dollar. And just the opposite, if Factory Orders lowers, it affects the stability of the currency in a negatively.
In general, the numbers allow us to consider the intensity of economic conditions changes subject to American Industrial Sector. This significantly facilitates the work with this or that tendency and time frame and thus allows for a more detailed evaluation of industrial prospects.
But one shouldn't interpret the factory orders data literally. Experienced traders do not use it as a key criterion for strategy selection. The news about this indicator are used to prove the choice of this or that strategy concerning the market behavior.
Among all the indicators published by the American bureau of labor statistics that are used by traders in their working routine, this indicator is a most clear one, that’s why it seriously influences the market situation. Non-Farm Payrolls shows the amount of new vacancies not including agricultural companies. It is published the first Friday proceeding the financial month.
A detailed review on free vacancies in all the industrial sectors excluding the agricultural one allows us to see a rise or a fall in their quantity in comparison with the previous month and calculate the unemployed headcount among the employable population. Thus, any change in the chart shall reflect some serious changes in labor market, which always influences the state of American economy.
A trader’s got to keep in mind that the States are a biggest import country that deals with China and Europe. As a result, the employment rate within the US influences the world’s economy as a whole and touches such sensitive factors as GDP, overall production, consumer spending, trading balance etc.
The main factors in the Non-Farm Payrolls indicator are employment and unemployment, and traders, first of all, study the difference between them and prognoses. For instance, if unemployment is higher than it was predicted, and employment is lower (the amount of new vacancies is reducing), the USD starts to fade. Otherwise, when new vacancies appear in an amount exceeding the one predicted and unemployment lowers down, then the national currency strengthens.
Upcoming news on this indicator shall be considered by any trader, who deals with the USD. Even for those who prefer USD/JPY, the Non-Farm Payrolls indicator is a main one, since the US is the biggest importer for Japan. In general, changes in NFP lead to a movement of price in different markets: product, stock but most importantly, currency exchange market.
Professional analysts define the index of leading indicator as a set of economic indicators. The data are published in Conference board report monthly. Specialists tend to relate this kind of date with prognosis, since the indicator is vitally important for it.
An accurate analysis of Conference Board report allows us to draw certain conclusions concerning the prospects for the economic development. The index includes 10 elements which reflect the current market situation within the US. The government shall be considered some kind of a flagman, thus financial state of the country immediately finds its mark on exchange rates and securities.
The described above indicators characterize the economic state of the USA quite accurately. The data extracted from monthly report is used by professional traders, investors, economists. The Leading Indicators Index analysis allows us to correctly elevate the situation and choose prospective ways for investment. The 10 indicators, combined in one, are one of the most effective instruments for short-range prognosis.
The official data provider for this index is Conference Board. It is published as a detailed report, are accurate and real. The experts expect this report every 20th day of the month, an exact date of publishing isn’t stipulated. The data may be published earlier or later.
In formally several hours, the data appear on pages of central financial magazines. The central are Thomas Reuters and Bloomberg. E-magazines are published in English only.
Elevating the Leading indicators is a complex process. These are the key characteristics of governmental economics of the USA. The changes shall reflect in a fall or rise. This is some kind of basis for drawing up a conclusion concerning business cycles.
The changes in indicators demonstrate the turning tendencies. Indicators are extremely accurate, which distinguishes it from other individual indicators. Once studied the report, a trader makes a definite conclusion concerning a fall or rise in this or that sector. Investors are allowed to make an optimum decision for investment direction.
The American employment system is well developed, thus the government provides the unemployed population with relatively high claims. Any fired employee due to optimization or any other reason is eager to receive aid from the government and the statistics data about such people is public. Due to the late employment crisis in the US, there’s extra attention payed to such field of governmental mechanism, so a trader shall also consider it and analyze the data extracted from it.
Jobless claims Indicator shows the amount of claim request received per week. Following the dynamics of this indicator allows a trader to easily predict the consumer costs level and the economy’s state in general.
The weekly statistics on Jobless Claims indicator are published every Thursday at 8:30 a.m. EST. The data are published on the official pages of American Labor Department, Bureau of Statistics. The weekly review includes a detailed report on the requests received from the citizens who were formerly employed in the following fields of labor:
If the number of request to receive aid from the government is increasing, it means more and more people are fires. Knowing the indicator’s level formed the current week and having built its dynamics, one may conclude a growth or fall in unemployment which directly affects the county’s economy.
Once obtained a certain prognosis from a specialist and formed a preliminary strategy, traders wait for real indicators of the currency change. Once fixed a result that is lower than the one predicted, we shall conclude, the dollar is strengthening, but if the result is lower than the real numbers are, a negative scenario shall be expected.
In the US it is customary to calculate the wages in money per hour. The average of it is extremely important, published every month by the American Bureau of labor statistics. The Hourly Earnings Indicator is a main indicator for predicting escalation.
The Indicator allows us to trace the dynamics of the average wage per hour at American companies (excluding agricultural companies). Based on the data, analysists predict consumer and industrial escalation additionally comparing it with process costs. The higher the wages, the more expensive the product shall be.
But industrial escalation unavoidably touches the volume of consumer costs leading to consumer escalation. Having this in mind, the main financial regulators of the country have an only way out — fight the escalation increasing the rates, thus strengthening the national currency, in other words, the Average Hourly Earnings for American dollar always is considered positive. And vice versa, if the index is falling, such a factor shall be considered negative.
Every first Friday of the month 9 a.m. EST, you may find an up-to-date report on Hourly Earnings Indicator on the American Bureau of labor statistics’ web-site or other major news agencies (Bloomberg, Thomas Reuters etc.)
It is well known that the banks’ rates always tend to be descending, but if financial experts register an increase in the wage per hour, they lift it manually in order to reduce the escalation impact. In practice this doesn’t reflect in an immediate effect, thus making the Average Hourly Earnings Indicator a weak point for actions.
The indicator often is left behind the scene, since it’s effect is only traced at long term. But the indicator is used in order to make sure the chosen strategy is appropriate and correct it if necessary. Thus, the Indicator is not considered independently, only accompanied by those that are published later.
One of the easiest, but extremely effective ways to evaluate the current state of retail economy in a country is based upon the volume of items sold by retail organizations. The information collected from 9 000 shops of the network Redbook allows to achieve the clear picture of consumer demand in a country and evaluate the dynamics of consumer´s preferences regarding the time of the year, days of the week, holidays and other events.
Redbook index is calculated by a branch of the network called Redbook Research Inc and is published every week, on Thursday. In other words, the index is some kind of review o retail sales done by the network’s branches allowing to find out the tendencies of retail sales. For own convenience, it is divided into the following categories:
Goods on sale
The results of the research powered by Redbook Research Inc. are published since 1964 which grants an enormous analytical base regarding the consumer demand of the whole country.
Knowing how do the data on consumer demand change at a certain timeframe, one may draw certain conclusions about private income of the population. This references to employment rate allowing to evaluate the volume of production being stored etc.
It is not exactly that Redbook index makes a significant influence on financial market and its participants, but it often accompanies some serious market changes. One should keep in mind the traditional days of sales, pre-holiday discounts, and an increased demand during natural disasters etc. At “Black Friday”, famous for its discounts, customers buy almost everything they see. At such occasions, the indicator Redbook is studied extremely thoroughly by the experts all over the world.
Not only the biggest players of forex market pay extra attention to it, but American financial experts also. The consumers’ customs change in accordance with the index influence the business cycle, escalation and thus the establishment of optimum interest rates by the main financial regulators of the country.
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