Category: Brokerages. Country: Switzerland.
Fibo Group, Ltd. is a new Forex company in the industry. However, with the professionalism and multi-year experience of the company’s team as well as application of innovative techniques and delicate individual treatment of every particular client we intend to instill in our clients a high level of trust and confidence and take a firm place among international financial leaders. Fibo Group, Ltd. provides its customers with one of the most innovative Forex trading platforms MetaTrader and a technical analysis software Deal Smart as well as sophisticated analytic and technical services. The number of our clients and partners is growing constantly, which is a reflection of the trust, quality and stability that is associated with Fibo Group, Ltd. Serving our clients is Priority № 1 we strive for your satisfaction with Forex trading and focus on offering the most efficient Forex execution service available. Forex (FOReign EXchange market) is an inter-bank market that took shape in 1971 when global trade shifted from fixed exchange rates to floating ones. This is a set of transactions among forex market agents involving exchange of specified sums of money in a currency unit of any given nation for currency of another nation at an agreed rate as of any specified date. During exchange, the exchange rate of one currency to another currency is determined simply: by supply and demand – exchange to which both parties agree. The scope of transactions in the global currency market is constantly growing, which is due to development of international trade and abolition of currency restrictions in many nations. Global daily conversion transactions came to $1,982 billion in mid-1998 (the London market accounted for some 32% of daily turnover; the New York market exchanged approx. 18%, and the German market, 10%). Not only the scope of transactions but also the rates that mark the market development are impressive: in 1977, the daily turnover stood at five billion U.S. dollars; it grew to 600 billion U.S. dollars over ten years – to one trillion in 1992. Speculative transactions intended to derive profit from jobbing on the exchange rate differences make up nearly 80% of total transactions. Jobbing attracts numerous participants – both financial institutions and individual investors. With the highest rates of information technology development in the last two decades, the market itself changed beyond recognition. Once surrounded with a halo of caste mystique, the foreign exchange dealer’s profession became almost grasroots. Forex transactions that used to be the privilege of the biggest monopolist banks not so long ago are now publicly accessible thanks to e-commerce systems. And the foremost banks themselves also often prefer trade in electronic systems over individual bilateral transactions. E-brokers now account for 11% of the forex market turnover. The daily scope of transactions of the biggest banks (Deutsche Bank, Barclays Bank, Union Bank of Switze
Address: Fibo Group Switzerland AG Po Box 2071 Muehlebachstr 38 CH-8032 Zurich Phone: 41433439727
Fax: 41432684033
