After reviewing Fibido, we assess it as a high-risk, likely fraudulent broker. Below we break down exactly why, and what your options are if you have already deposited.
None found
High (4/4)
United Kingdom
Avoid — do not deposit
Who is Fibido?
On the surface, Fibido looks like an ordinary forex and crypto broker. Its public site is presented at https://fibido.io. It claims to be based in United Kingdom. But surface impressions are exactly what these operations rely on — the substance behind Fibido is where the problems begin.
Is Fibido regulated?
Fibido provides no verifiable regulatory licence. An unregulated broker answers to no one: it can freeze withdrawals, invent fees, and disappear with deposits, all without consequence. This alone is reason enough to stay away.
Red flags we identified
- Withdrawals reportedly blocked behind “taxes,” “fees” or account “upgrades”
- Aggressive “account managers” coaching clients to deposit
- No verifiable licence from a recognised financial regulator
- No credible physical address or verifiable corporate record
- Opaque or anonymous corporate ownership
Our analysis
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.
Can you recover money lost to Fibido?
If you have deposited with Fibido, do not pay any further “fees” to withdraw — that is part of the trap. Funds sent to operations like this can sometimes be traced on-chain and pursued through the exchanges and processors that received them. Whether recovery is realistic depends on how you paid and how quickly you act.
Were you scammed by Fibido?
You may still have options. Our team can trace where your funds went and tell you honestly whether recovery is realistic — with a free, confidential case review.
Start a free recovery review →Warning: never pay an upfront fee to anyone “guaranteeing” recovery. Cleverecovery does not guarantee outcomes.