FIBO Group expands CFD brokerage into LATAM region

Rick Steves

“We’ve been noticing a growing interest in our services all across Central and South America in recent months. That’s why we’ve been working tirelessly to perfect our offer to the region and make it as optimal as we can. This means facilitating the user interface to Spanish speakers, enhancing our support staff and hours, finetuning our asset list to suit the needs of traders, and much more. We’re certain that our valued Latin American customers will find everything they need for a successful trading venture on our platform.”

FIBO Group, the FX and CFD broker headquartered in Vienna, Austria, has announced that it is planning to set foot in Latin America in order to start expanding its operations to the LATAM region in 2023.

The investing community of Latin America is one of the fastest growing in the world, as more and more opportunities open up in that region. FIBO does not want to miss out on this growth opportunity.

Operating within the trading and investment sector for nearly 25 years, FIBO has several offices around the world and tailors specific trading offers to geo-regions. The broker will do the same in Latin America.

FIBO provides access to CFDs on forex, cryptocurrencies, commodities, and more. Additionally, the option of holding a percentage allocation management module (PAMM) account is open to all traders, as is access to some of the most popular and trusted trading technologies in the world today.

FIBO to offer CFD brokerage across Central and South America

Alfredo Hernández, Senior Analyst at FIBO Group, said: “We’ve been noticing a growing interest in our services all across Central and South America in recent months. That’s why we’ve been working tirelessly to perfect our offer to the region and make it as optimal as we can. This means facilitating the user interface to Spanish speakers, enhancing our support staff and hours, finetuning our asset list to suit the needs of traders, and much more. We’re certain that our valued Latin American customers will find everything they need for a successful trading venture on our platform.

“We invite any trader from the region – whether new to the market or veteran and experienced – to check out our offer and to give us a try. We’re sure they will not be disappointed by what we’ve put on the table. Furthermore, we are always evolving and improving our services, so there is definitely more good news on the way in the near future.”

The CFD trading services provided to LATAM users will be offered through FIBO Group, Ltd., (registered at 2nd Floor, O’Neil Marketing Associates Building, Wickhams Key II, P.O. Box 3174, Road Town, Tortola, British Virgin Islands). The entity is regulated by the Financial Services Commission (FSC) BVI, license registration number: SIBA/L/13/1063.

FIBO Group also owns FIBO Group Holdings Limited, an entity that is authorized and regulated by the Cyprus Securities and Exchange Commission (licence number 118/10) and is a member of the Investor Compensation Fund.

  • Read this next

    Retail FX

    Weekly Roundup: FX prop firms switch to cTrader, who moved $1.35B BTC?

    The foreign exchange and cryptocurrency markets are always active, and this past week was no exception. Stay ahead with a selection of essential stories and updates that matter most to market participants.

    Digital Assets

    Bitcoin breaks all records with a massive $1.347 billion transaction

    This transaction has surpassed previous records, setting a new benchmark for Bitcoin trades. Before this event, the largest Bitcoin transactions included a $1.1 billion trade in April 2020 involving 161,500 BTC, and other significant transactions ranging from $491 million to $1.033 billion throughout 2019 and 2020.

    Digital Assets

    Uniswap debuts Ethereum ‘uni.eth’ subdomains

    Decentralized exchange platform Uniswap has integrated Ethereum Name Service (ENS), allowing users to create human-readable domain names and cryptocurrency wallet addresses using .eth endings.

    Web3

    Magic Square Expands with TruePNL Acquisition

    Binance’s web3 app store, Magic Square, acquired token platform TruePNL in a cash deal this week for an undisclosed sum. The deal brings TruePNL’s infrastructure (excluding branding & token) under Magic Square’s wing. Initially seeking a partnership, Magic Square opted for a full acquisition.

    Crypto Insider

    The Future of Prediction Markets? Zeitgeist Launches Decentralized Court System

    Polkadot-powered prediction market protocol Zeitgeist has announced the launch of its latest innovation: a decentralized court system.

    Digital Assets

    Crypto exchange Kraken fires back at SEC lawsuit, claiming overreach

    Crypto exchange Kraken is pushing back against the U.S. Securities and Exchange Commission (SEC), seeking to toss out a lawsuit that accused the platform of operating without proper registration.

    Industry News

    Exness Named a Best Place to Work in 2024

     Global leader Exness, tops in retail trading volume, earns 2024 “Best Place to Work” award, cementing its employee-centric culture after three prior years of winning the Cyprus national title.

    Digital Assets

    Swan Bitcoin taps Bakkt for crypto offering in the US

    “We are thrilled to be taking this exciting step forward in our partnership with Swan. This is just the beginning of our collaboration, as we intend to explore further growth opportunities together in the future, including expansion into international markets.”

    Digital Assets

    Polkadot Awards Bifrost a 500,000 DOT Loan to Enhance Liquid Staking Adoption

    Bifrost, a leader in liquid staking solutions, has secured a 500,000 DOT loan from Polkadot’s treasury to expand the reach and utility of its vDOT product within the ecosystem.

    <