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

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 However, their licence of FCA has been revoked.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

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 But the license of Financial Conduct Authority (FCA) has been revoked.

What Can I Trade on FXORO?

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

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.

Trading Platform

FXORO offers MT4 trading platform, which supports trading through web and mobile.