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FXORO Forex Broker provides real users with 4 positive reviews, 5 neutral reviews and 11 exposure review!

FXORO Broker Review

6.20

WikiFX monitor

Business

Field Survey Good

Risk Control

Risk Manage

FXORO Review 20

Latest All(20) Positive(4) Neutral(5) Exposure(11)
Exposure
Complaints

Important Information for Fxoro Customers and Former Customers This information is of great importance to those who are current customers or former customers of Fxoro. I would like to inform you about some relevant aspects regarding the activities of this broker, which could harm your interests. Fxoro is not authorized to provide financial advice. However, it may happen that their agents make you believe that the advice offered is in your favor. It is important for you to know that such advice may be illegal and involve a conflict of interest with customers. If you are current customers, I recommend that you start recording every phone call received from your account manager. Also, request that every advice be provided in writing. If you are former customers and have lost money due to incorrect advice, you have the right to request a full refund.

Avvocato Penalista
03-03
Exposure
FXORO Now I have lost my 100$ money.

They made me come to FXORO by promising to give me an extra $100 for every $100 I deposited. When I came, they only gave me an extra $50. Apart from that, they told me not to put a stop loss on the trade. Now I have lost my money. The money I earned by driving zomato with my hard work. They say that I can only continue trading if I deposit the money again. Please give me my money back. Thank you.

FX1678463793
01-29
Exposure

I WILL NOT LEAVE THEM ... I SENT COMPLAINTS TO FSA AND CYSEC. 🌀

FX5954550692
2024-11-20
Exposure
a scam broker

i registered an account with the broker and i deposited 2000 usd when i started to make profit , they stopped my withdrawals and no any of the support team answer me in live chat or replying my mails. they are scam broker. for more than 5 moths now and i am trying to contact them but no way. my balance now more than 27000 usd ... TAKE CARE

FX5954550692
2024-11-18
Exposure
FXORO dishonest company

FXORO will not, at any time during the investment or at other times, make any investment recommendations to the client. Therefore, my account manager has acted illegally. For this reason, I have filled out the complaint form and sent it to the complaints office. After one week, they offered me 34% of the amount. Certainly, I did not accept it. If they do not reimburse me 100%, I will ask the Cysec department to investigate my case and take disciplinary measures, including fines, regarding the behavior of MCA Intelifunds Ltd. On the official Cysec website, on April 19, 2024, the document was published where: MCA Intelifunds Ltd was fined 360,000 euros.

FX1743953682
2024-10-17
Positive
I'm very satisfied with this broker

Personally I'm having a very positive trading experience with FXORO. I have been trading with them for more than 3 years and I have no complaints to address.

FX3833661412
2024-10-10
Exposure
Complaint

MCA INTELIFUNDS LTD and ORO FINTECH LTD operate the same website FXORO. In the Fxoro documents - Pillar III Disclosures - it is clearly stated that: Cites Dor Financial Holdings Ltd is the parent company of MCA Intelifunds Ltd. Then I checked the document on CONFLICTS OF INTEREST POLICY - Fxoro is not authorized to provide advice. Fxoro has also stated in writing RISK WARNING/ FXORO will not, at any time during the investment or at other times, provide the client with financial investment advice. If they advise you something over the phone, do not accept it unless it is via email. This month I finally decided to report the account manager to the Public Prosecutor's Office. I already know his exact first name and last name, his name is STEFANO RIGA and he is from Messina.

pasquale maurizio russo
2024-09-25
Positive

FXORO offers a variety of payment methods for traders to choose from, which is convenient. They have a clear commission structure, so traders can easily understand their costs.

Dreckyu
2024-07-17

  

Fxoro 2025 Review: Everything You Need to Know

  Fxoro has garnered mixed reviews from traders and experts alike, with its overall reputation being a combination of solid regulatory backing and some concerning user experiences. The broker, which operates under two distinct regulatory entities in Cyprus and Seychelles, offers competitive trading conditions and a variety of assets but has faced scrutiny over its offshore operations and customer service issues. Key features include the use of the widely respected MetaTrader 4 platform and a diverse range of trading instruments.

  Note: The presence of both a CySEC-regulated entity and an offshore entity in Seychelles adds complexity to the evaluation of Fxoro. Traders should be aware of the potential risks associated with offshore operations while considering the regulatory protections offered by CySEC.

  

Ratings Overview

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 7.0
Customer Service & Support 5.0
Trading Experience 6.0
Trustworthiness 7.5
User Experience 6.0

  We rate brokers based on a comprehensive analysis of user reviews, expert opinions, and regulatory standings.

  

Broker Overview

  Founded in 2012, Fxoro is a forex and CFD broker headquartered in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA) in Seychelles. The broker primarily operates through the MetaTrader 4 platform, offering a user-friendly interface and advanced trading tools. Fxoro provides access to a wide range of trading instruments, including forex pairs, commodities, indices, stocks, and cryptocurrencies.

  

Detailed Breakdown

  

Regulatory Regions

  Fxoro operates under two regulatory jurisdictions: CySEC for European clients and FSA for clients in other regions. While CySEC offers a level of investor protection, the FSA does not provide similar safeguards, raising concerns for traders who may be allocated to the offshore entity.

  

Deposit/Withdrawal Currencies and Cryptocurrencies

  Fxoro supports multiple currencies for deposits and withdrawals, including USD, EUR, GBP, and CHF. However, it does not currently accept cryptocurrency deposits or withdrawals, which may limit options for some traders.

  

Minimum Deposit

  The minimum deposit requirement for opening an account with Fxoro is $200, which is relatively higher compared to some competitors that offer accounts with lower entry thresholds.

  

Bonuses/Promotions

  Fxoro does not currently offer any significant bonuses or promotional incentives, which may be a drawback for traders looking for additional value.

  

Tradable Asset Classes

  Fxoro provides access to over 60 currency pairs, various commodities, indices, and a limited selection of stocks (approximately 26 as CFDs). The broker also offers a few cryptocurrency options, including Bitcoin and Ethereum.

  

Costs (Spreads, Fees, Commissions)

  The costs associated with trading at Fxoro are considered average. Spreads start from 1.2 pips for floating accounts, while fixed accounts have spreads of around 2 pips. For ECN accounts, spreads can be as low as 0 pips, but a commission of $6 per lot is charged. Additionally, an inactivity fee of $25 is applied after three months of inactivity.

  

Leverage

  Fxoro offers leverage up to 1:30 for clients under CySEC regulations and up to 1:400 for clients under FSA regulations. This significant difference can impact trading strategies, particularly for those using higher leverage.

  

Allowed Trading Platforms

  The primary trading platform offered by Fxoro is MetaTrader 4, which is well-regarded for its reliability and extensive range of trading tools. While it supports automated trading through Expert Advisors (EAs), there are no proprietary mobile applications, although MT4 is available on mobile devices.

  

Restricted Regions

  Fxoro does not accept clients from the United States, Canada, and several other countries, which may limit its appeal to a global audience.

  

Available Customer Support Languages

  Customer support is available in multiple languages, including English, Italian, Portuguese, and Chinese. However, the lack of 24/7 support has been noted as a significant drawback by users.

  

Repeated Ratings Overview

Category Rating (out of 10)
Account Conditions 6.5
Tools and Resources 7.0
Customer Service & Support 5.0
Trading Experience 6.0
Trustworthiness 7.5
User Experience 6.0

  

Detailed Evaluation

  

Account Conditions (6.5/10)

  Fxoro offers three account types: Fixed, Floating, and ECN. Fixed accounts have higher spreads, while ECN accounts provide the lowest spreads but include a commission. The minimum deposit of $200 is higher than some competitors, which could deter new traders.

  

Tools and Resources (7.0/10)

  The broker provides a range of analytical tools and educational resources, including webinars and market analysis. However, the educational content is primarily available to active clients, limiting access for new traders.

  

Customer Service & Support (5.0/10)

  Customer support is available through email and phone, but the absence of live chat and limited operational hours (24/5) has led to dissatisfaction among users. Complaints about withdrawal difficulties and slow response times have also been reported.

  

Trading Experience (6.0/10)

  The trading experience is generally positive due to the MT4 platform's reliability. However, the limited number of tradable stocks and the presence of an offshore entity raise concerns about the overall trading environment.

  

Trustworthiness (7.5/10)

  Fxoro is regulated by CySEC, offering some level of protection. However, the offshore operations in Seychelles and complaints regarding fund withdrawals have led to mixed perceptions of trustworthiness.

  

User Experience (6.0/10)

  User experiences vary, with some traders appreciating the platform's functionality, while others express frustration over customer service and withdrawal issues. The mixed reviews indicate that potential clients should proceed with caution.

  In conclusion, while Fxoro offers a range of trading options and is backed by regulatory oversight, potential clients should weigh the benefits against the risks associated with its offshore operations and customer service challenges. Conducting thorough research and considering personal trading needs is essential before engaging with this broker.