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IFX Brokers Review - Is This Broker Safe and Legit? - WikiFX

FXORO Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-04-29 18:46

Abstract: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
Founded2022
Registered Country/RegionSeychelles
RegulationCYSEC, FSA, FCA (Revoked)
Market InstrumentsCurrencies, commodities, indices, shares, cryptos and ETFs
Demo Account/
LeverageUp to 1:400
SpreadFrom 1.0 pips
Trading PlatformMT4
Minimum Deposit/
Customer SupportContact 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 However, their licence of FCA has been revoked.

FXORO's homepage

Pros and Cons

Pros Cons
Regulated by CYSEC and FSAFSA (Revoked)
Islamic accounts providedHigher spread set
Multiple trading instrumentsLimited 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 But the license of Financial Conduct Authority (FCA) has been revoked.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 TypeMarket Maker (MM)
Licensed Number126/10
Regulated by CySEC
The Seychelles Financial Services Authority (FSA)
Regulatory Status Offshore Regulated
Regulated by Seychelles
Licensed Institution ORO FINTECH LIMITED
Licensed TypeRetail Forex License
Licensed NumberSD046
Offshore regulated by FSA
Financial Conduct Authority (FCA)
Regulatory Status Revoked
Regulated by United Kingdom
Licensed Institution MCA Intelifunds Ltd
Licensed TypeEuropean Authorized Representative (EEA)
Licensed Number571351
Revoked FCA license

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❌
What Can I Trade on FXORO?

Account Type

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

Account Type

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/.

Leverage

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.

Trading PlatformSupported Available Devices Suitable for
Web❌Web/
MT4✔Web/ mobileBeginners
MT5❌/Experienced traders
MT4

Related broker

Regulated
FXORO
Company name:MCA INTELIFUNDS LTD
Score
6.20
Website:https://orofintech.com/
10-15 years | Regulated in Cyprus | Regulated in Seychelles | Market Maker (MM)
Score
6.20

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