FIBO Group — South Africa
Key facts (8)
- Who actually onboards you
- South African clients onboarded by offshore FIBO Group, Ltd (BVI).
- Licence number
- not stated
- Established
- 1998group
- Min deposit, USD
- 50 USDgeo
- Platforms
- MT4 · MT5 · cTrader
- Local funding
- No ZAR bank rail verified; cards, bank wire, Skr
- Max leverage
- 1000geo
- EURUSD
- not priced
This broker against the South Africa middle (60 of 104)
| FIBO Group | South Africa median | |
|---|---|---|
| Round turn, USD | not priced | 7.0 USD |
| Min deposit, USD | 50 USDgeo | 50.0 USD |
| Max leverage | 1000geo | 500.0geo |
| Withdrawal, h | no data | 24.0 h |
| EURUSD, standard | not priced | 1.0 pips |
| EURUSD, raw | not priced | 0.0 pips |
| Established | 1998group | 2009.5 |
| Platforms | 3 | 3.0 |
Accepts residents of South Africa
Through an offshore entity
Score (3/6 axes)
no data
Shown, not ranked: no review-platform rating
Licence check
Who actually onboards you
South African clients onboarded by offshore FIBO Group, Ltd (BVI).
Entity not established
Cost per round turn, and the South Africa middle (60 of 104)
The numbers across South Africa
Round-turn cost, USD (60 of 104)
Median 7.0 · Range 1.5–20.0 USD
Minimum deposit, USD (36 of 104)
Median 50.0 · Range 0.0–1000.0 USD
What each account gives you
MT4/MT5 Cent (from 1 cent / ~R800 equiv), Fixed/NDD (min USD 50), cTrader (min USD 50).
What the broker publishes about payouts
Reviews
rating of 2.0 out of 5 based on 14 reviews
Trading software and asset classes (3)
MT4 · MT5 · cTrader
FX, metals, crypto CFDs (lev capped), US stock CFDs, indices.
Trading profits and South Africa tax
SARS taxes residents on worldwide income. Frequent/active forex trading is generally taxed as income at the individual's marginal rate (progressive 18%-45%), not as capital gains. Active traders typically register for provisional tax (IRP6 due end-Aug and end-Feb, plus a third top-up if owing) and file the annual ITR12; trading-related expenses are deductible. Rates/brackets change annually - pres
Where it wins, where it loses
Pros (1)
- Swap-free account available
Cons (2)
- No local licence: the client is onboarded by a foreign entity
- Withdrawal time not published
The rest of the shortlist in South Africa (6)
Where it does not serve
United States, United Kingdom, Australia, Belgium, Russia, North Korea
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
- sashares.co.za domain
- fxscouts.co.za domain
- fsca.co.za domain
FAQ (3)
Does FIBO Group accept residents of South Africa?
Through an offshore entity.
Which entity onboards a South Africa client of FIBO Group?
South African clients onboarded by offshore FIBO Group, Ltd (BVI).
What licence does FIBO Group hold for South Africa?
No licence number is published for this country.