Fibofix: reliability analysis of an internet intermediary
Fibofix offers intermediary services in various markets, promising favorable conditions and round-the-clock support 5 days a week. However, after reviewing the official website and opinions of real clients, doubts arise regarding the reliability of Fibofix. Below is a detailed review of the broker to help make an informed decision.
Registration and Mediator’s background
There is almost no information online about Fibofix. The only source is the mediator’s website itself. The site is a low-quality product: blocks are not connected, the menu is limited, and the service description is superficial. It can’t be called a mediator’s website, rather it’s a shoddy project targeting inexperienced users. Checking the domain shows that fibofix.com has only existed for a few weeks and was created by anonymous individuals.
The organizers of this contentious project made no effort to create a convincing backstory. They can’t even clearly indicate where Fibofix is registered and located. For example, the website footer indicates registration in St. Lucia, the company is presented as American on the “About” page, and the contact information lists an address in Luxembourg. The User Agreement states that the company is registered in St. Vincent and the Grenadines but operates under Romanian laws.
It’s evident that this conflicting information is deceitful. Fibofix has no registration, and in the real world, such a company does not exist. There are no offices, no phone numbers – this sham doesn’t even have an email address to make it appear as a reputable company.
Fibofix’s Licenses and Permissions
The fake broker’s website does not provide information about its regulation. This vital information is simply concealed. Providing services without a license from the local financial regulator is illegal, and scammers are well aware of this.
Trading Conditions Review
Fibofix offers trading in various markets, such as Forex, CFDs, cryptocurrencies, commodities, and stocks. Registration on the platform is available to everyone without data verification or validation. Clients are offered the following methods to fund their accounts: Mir payment system cards, YooMoney service, Visa and Mastercard credit cards, and transfers to a cryptocurrency wallet.
The company offers four types of accounts with different initial deposit amounts. The leverage ratio ranges from 1:300 to 1:500. Spreads sizes and possible commissions are not displayed, but every client is promised a bonus of 25% to 75% of the deposit amount.
Broker Reviews
There are no reviews from foreign traders, and Russian-speaking clients criticize Fibofix.
Fraud Mechanism
Organizers of such projects purchase customer databases on the black market and contact potential investors, posing as financial experts or representatives of a large company. They promise various bonuses and accurate trading signals, persuading people to register on the Fibofix platform. After registration, scammers demonstrate fictitious trading operations on a demo account.
Managers relentlessly push clients to pay for insurances, taxes, commissions, and more. Later, payment for bonus funds is required. The criminals’ goal is to deceive the client until they uncover the scheme.
Overall Conclusion
Fibofix is a fraudulent project created recently. The broker has no official registration or license. Initial reviews confirm the dishonesty of Fibofix: funds are not withdrawn, opening an account here is impractical, and all funds will go to the scammers.
I am thoroughly dissatisfied with the broker’s work as it lacks the professional insight, transparency, and strategic planning that is essential for successful trading.