Fivoro Forex Broker

Risk Warning Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that you fully understand the risks involved, taking into account your investment objectives and level of experience. The information presented in this article is intended solely for reference purposes. General Information & Regulation Feature Detail Registered Country/Region United Kingdom Regulation unregulated Market Instrument currencies, commodities, stocks, indices and cryptocurrencies Account Type Student, Standard, Investor, VIP and VIP Platinum Demo Account N/A Maximum Leverage 500:1 Spread N/A Commission N/A Trading Platform web Minimum Deposit $250 Deposit & Withdrawal Method N/A Fivoro claims it operates as a brokerage providing clients with online services for cryptocurrency trading. Fivoro is a trading brand owned and operated by Urvashi Limited, a company registered in St. Vincent and the Grenadines, with Reg. No. 26702BC 2022. Here is the home page of this brokers official site: However, when it comes to regulatory information, Fivoro disappoints us as it is not authorized or regulated by any regulatory authority. Please be aware of the risk. Note: The screenshot date is January 29, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments Fivoro advertises that it offers access to 100+ assets, including currencies, commodities, stocks, indices and cryptocurrencies. Account Types Fivoros accounts can be categorized into five categories including the following: Student, Standard, Investor, VIP and VIP Platinum, with minimum deposit requirements of $250, $5,000, $10,000, $50,000 and $100,000 respectively. The account structure is easy for each level of traders to find the best suitable account to reach his trading goals. Leverage The leverage provided by Fivoro is capped at 500:1. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. However, according to the regulations, British and Australian brokers have to limit their clients to 1:30, while US brokers cant provide more than 1:50. Trading Platform Available Instead of the world's most advanced and popularly-used MT4 and MT5 platforms, Fivoro just gives traders a web-based trading platform. Anyway, you had better choose brokers who offer the leading MT4 and MT5, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors. Bonuses Fivoro provides several ways of offering them bonuses. Each bonus program has to adhere to certain policies that govern the entire process. These policies are in place to ensure fair usage is being promoted and traders/investors are provided with clarity while using its trading platform. These Bonuses include the following: Signup Bonus, Initial Deposit Bonus, Loyalty Bonus, Occasion –based Bonus, and Withdrawing Bonus. Educational Resources Some educational resources are provided on the Fivoro platform: including Videos, Books, and News, as well as Economic Calendar. Customer Support Clients with any inquiries or trading-related issues can get in touch with Fivoro through the following contact channels: Telephone: 442081570407 (UK), 3197010281502 (Netherland), 16728876364 (Canada) Email: support@fivoro.com Company Address: Address 1: 25 North Colonnade London E14 5HD, United Kingdom Address 2: TNW West Kon. Wilhelminaplein 1, 1062 HG Amsterdam Address 3: 120 Adelaide St W #2500, Toronto, ON M5H 1T1, Canada Pros & Cons Pros Cons • Various tradable assets and account options • No regulation • Basic educational resources • No clear info about trading costs and funding methods • Clients from the USA are unaccepted • High minimum deposit ($250) Frequently Asked Questions (FAQs) Q 1: Is Fivoro regulated？ A 1: No. It has been verified that this broker currently has no valid regulation. Q 2: At Fivoro, are there any regional restrictions for traders？ A 2: Yes. Fivoro cannot accept clients holding USA citizenship or permanent residents. Q 3: Does Fivoro offer the industry-standard MT4 & MT5？ A 3: No. Instead, it offers a web-based trading platform. Q 4: What is the minimum deposit for Fivoro？ A 4: The minimum initial deposit to open an account is $250. Q 5: Is Fivoro a good broker for beginners？ A 5: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its high initial deposit and lack of transparency.