FIBO Group — India
Key facts (8)
- Who actually onboards you
- Indian clients onboarded by offshore FIBO Group, Ltd (BVI).
- Licence number
- not stated
- Established
- 1998group
- Min deposit, USD
- not stated
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- No India-specific rails verified; cards, bank wi
- Max leverage
- 1000geo
- EURUSD
- not priced
This broker against the India middle (52 of 91)
| FIBO Group | India median | |
|---|---|---|
| Round turn, USD | not priced | 6.0 USD |
| Min deposit, USD | no data | 30.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | no data | 48.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 1998group | 2008.0 |
| Platforms | 3 | 3 |
Accepts residents of India
Through an offshore entity
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
Indian clients onboarded by offshore FIBO Group, Ltd (BVI).
Entity not established
Public rating and its base
Trustpilot|2.5 out of 5|16 reviews
Round turn against the local middle (52 of 91)
Getting money out
From the entry account upwards
MT4/MT5 Cent (from 1 cent), Fixed/NDD (min USD 50), cTrader (min USD 50).
Terminals, markets, instrument counts (3)
MT4 · MT5 · cTrader
FX, metals, crypto CFDs, US stock CFDs, indices.
What works and what to watch
Pros (1)
- Swap-free account available
Cons (4)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
- Carries a regulator warning; excluded from beginner and most-established lists
- Minimum deposit for this country not published
Profits, and what India takes
Exchange-traded currency futures & options profit is generally treated as non-speculative business income and taxed at the individual's income-tax slab rates (as of the review). Intraday speculative positions are speculative business income (losses set off only against speculative income, carry-forward 4 years) vs non-speculative losses carry-forward 8 years. A 20% TCS applies on LRS foreign remit
Where it does not serve
United Kingdom, North Korea, United States
Methodology
2 + 3 × weighted mean of six axes · reviews 25%, cost 20%, safety 20%, payouts 15%, track_record 10%, platforms 10%
Verified · what changed · sources (4)
Checked: 2026-07-09
- fibogroup.com domain
- fxscouts.com/in page
- financemagnates.com domain
- wikifx.com domain
FAQ (3)
Does FIBO Group accept residents of India?
Through an offshore entity.
Which entity onboards a India client of FIBO Group?
Indian clients onboarded by offshore FIBO Group, Ltd (BVI).
What licence does FIBO Group hold for India?
No licence number is published for this country.