FIBO Group, Ltd. Adds CFD on US Stocks to MT5 Platform
FIBO Group, Ltd. said in a notice published on the FIBO Group BVI website on 4 March 2024 that it had added CFD on US stocks, available through its usual MT5 platform. The company cites 1:20 leverage, the opportunity to profit from both rising and falling price tendencies, tight spreads and no additional charges for securities storage.
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The notice describes CFD on US stocks as a new feature for FIBO Group, Ltd. clients and says it uses the usual MT5 platform. It says clients can seek profit from both rising and falling price tendencies. The announcement does not name the individual US stocks covered, specify account types or jurisdiction eligibility, or state that clients acquire the underlying shares.
Leverage and costs
FIBO Group, Ltd. states that the CFDs carry leverage of 1:20. It presents this as higher leverage than traditional stock trading and says there are no additional charges for securities storage. The notice also cites tight spreads and news trading but does not quantify spreads or set out margin conditions.
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