Fibido claims to be a UK-based company while providing zero details about the trading license on its website, which is already a red flag for potential traders. According to the information presented on its MT5 software, this broker is operated by Fibido Technologies Ltd, a UK company registered with Companies House. However, it doesn't mean the authorization of the Financial Conduct Authority (FCA), the regulator that approves licenses for the brokers in the UK. The truth is, BrokersView didn't find any information about its regulation from FCA. So currently Fibido is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.
Fibido claims to be a UK-based company while providing zero details about the trading license on its website, which is already a red flag for potential traders. According to the information presented on its MT5 software, this broker is operated by Fibido Technologies Ltd, a UK company registered with Companies House. However, it doesn't mean the authorization of the Financial Conduct Authority (FCA), the regulator that approves licenses for the brokers in the UK. The truth is, BrokersView didn't find any information about its regulation from FCA. So currently Fibido is actually not regulated by any financial regulator. That means investors' funds in this broker is unsafe and cannot be protected by any laws. Therefore, it is a scam broker.