Fibovest has been flagged by Ontario Securities Commission for "Unregistered/Unlicensed entity offering financial products or services". Fibovest found fibovest.com is not registered in Ontario to engage in the business of trading in securities. This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
Fibovest offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Full transparency|Customizable dashboard|Portfolio tracking tools
Cons: Some tools only available on higher tiers
The spread at Fibovest is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them based on a colleague's recommendation and initially thought the platform was good - until I started trading seriously.
Pros: Two-factor authentication|Detailed reporting|Transparent fees
Cons: Minimum deposit could be lower|Cannot customize dashboard fully
I am in a dispute with Fibovest over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Stable platform|Instant funding|Automated trading options
Cons: No integrated tax optimization|Account statements could be more detailed
I trusted Fibovest with a significant portion of my savings and I deeply regret that decision. Not because of market losses, but because of how poorly the platform performed and how dismissively the support team treated my concerns.
Pros: Personal attention|Market news feed|Good analytical tools
Cons: Alert system is basic