FXORO Review - Is It a Good Forex Broker? - WikiFX

WikiFX | 2025-04-29 18:46

Ikhtisar：FXORO is authorized and regulated by CYSEC and FSA, a brokerage firm offering online Forex and CFD trading services on the MT4 trading platform.

FXORO Review Summary
Founded	2022
Registered Country/Region	Seychelles
Regulation	CYSEC, FSA, FCA (Revoked)
Market Instruments	Currencies, commodities, indices, shares, cryptos and ETFs
Demo Account	/
Leverage	Up to 1:400
Spread	From 1.0 pips
Trading Platform	MT4
Minimum Deposit	/
Customer Support	Contact form
	Phone: +442031290670
	Email: info@global.fxoro.com
	Address: Suite 3, Global Village, Jivans Complex Mont Fleuri, Mahe, Seychelles
Regional Restrictions	/

FXORO is the trademark of MCA INTELIFUNDS LTD (authorized and regulated by CYSEC and FSA), a brokerage firm offering online Forex and CFD trading services, founded in 2022. It offers various trading instruments through MT4 trading platform. However, their licence of FCA has been revoked.

Pros and Cons

Pros	Cons
Regulated by CYSEC and FSA	FSA (Revoked)
Islamic accounts provided	Higher spread set
Multiple trading instruments	Limited information related to deposit and withdrawal
Flexible leverage ratios
MT4 provided

Is FXORO Legit?

FXORO is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and The Seychelles Financial Services Authority (FSA). But the license of Financial Conduct Authority (FCA) has been revoked.

Cyprus Securities and Exchange Commission (CYSEC)
Regulatory Status	Regulated
Regulated by	Cyprus
Licensed Institution	MCA Intelifunds Ltd
Licensed Type	Market Maker (MM)
Licensed Number	126/10

The Seychelles Financial Services Authority (FSA)
Regulatory Status	Offshore Regulated
Regulated by	Seychelles
Licensed Institution	ORO FINTECH LIMITED
Licensed Type	Retail Forex License
Licensed Number	SD046

Financial Conduct Authority (FCA)
Regulatory Status	Revoked
Regulated by	United Kingdom
Licensed Institution	MCA Intelifunds Ltd
Licensed Type	European Authorized Representative (EEA)
Licensed Number	571351

What Can I Trade on FXORO?

FXORO offers currencies, commodities, indices, shares, cryptos and ETFs. Overall, you have a good mix of investment options.

Tradable Instruments	Supported
Forex	✔
Commodities	✔
Indices	✔
Cryptocurrencies	✔
Shares	✔
ETFs	✔
Bonds	❌
Mutual Funds	❌

Account Type

There are 2 different accounts in FXORO including the Fixed and the Floating accounts. Besides, they also offer Islamic Accounts.

Leverage

FXORO provides flexible leverage options for various trading products and accounts, with the leverage ratios spanning from 1:2 to 1:400. To learn specific leverage, you can click: https://orofintech.com/en/trading-conditions/.

FXORO Fees

FXORO offers diverse spreads for different trading instruments and accounts. The spreads start from 1 pips, and they are higher compared to those of other regulated brokers.