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FXORO -

Score

6.20 /10
Average

FXORO

Seychelles

10-15 years

Regulated in Cyprus

Market Maker (MM)

Suspicious Scope of Business

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

Offshore Regulated

https://orofintech.com

Influence

C

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index6.93

Business Index8.56

Risk Management Index0.00

Software Index6.24

License Index6.93

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

MCA INTELIFUNDS LTD

Company Abbreviation

FXORO

Platform registered country and region

Seychelles

Company website

X

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Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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WikiFX Risk Alerts 4
Previous Detection : 2025-05-15
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 571351) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Survey

Good

FXORO

Cyprus

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

I WILL NOT LEAVE THEM

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

2024-11-20 02:08
Scam

BE CAREFUL

Be very careful. They will cheat from the first moment. I opened an account in FX GOLD and it went very well at the beginning. In just 15 days and with an account of 250 USD, I already have a profit of 1250 USD. Now, I want my money back to pay debts, but they don't return it to me. Everything is manipulated and I realize that it is a scam. Be very careful.

2021-12-20 10:04
Scam

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.

2024-10-17 04:04
Others

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.

2025-03-03 22:46
Others

Money fraud

They scammed me by telling me to invest in a meta traders application 4 in which every time they made me invest money telling me that I would make a profit but instead of earning, I lost all my capital which is a fraud and I would like to recover my lost money

2022-10-25 09:01
Scam

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.

2025-01-29 20:53
Scam

Beware of the Trading Advisor!

They provided me with an advisor to guide me in the operations, initially they asked me for 200 usd the advisor told me to open several operations in purchase and sale each one until exhausting all the marguen of my account, during 3 days I received daily his call, requesting to close the operations that were in positive, leaving to follow the operations in loss, However, every day he asked me to enter more capital to take advantage of investment opportunities which I did not agree to, then he stopped calling me and the negative operations that were not closed plus the swap costs burned my account in just two weeks, please keep in mind not to incur in the same with this broker.

2023-05-07 14:01
Scam

TOTAL SCAM

To whom it may concern... I was robbed, scammed, outraged... Interested in the financial world, I trusted this bloker, and it is unfortunate that there are people who take advantage of people like me, who in seeking a good future is a matter of income, saving hard to achieve an investment and that right off the bat these HDPs took it, investing 990°°Dls and in a matter of hours they left me with nothing and even with a debt to the bloker, my account was clearly manipulated because the movements made as much as The closures are something that I have never done, upon noticing this fact, I started to call them send imei and they never responded, when they left my account at zero they started to send me imei that I should make movements in my operations but that it will not close anything, something that already I still miss more if I understood their game and was clearly aware that it had been stolen, I felt a very great disappointment, apart from being able to recover what was stolen, it is good that they can alert others, because while one looks for new ways to change one's standard of living with a job difficult, this HDP takes advantage of you.... They put positive comments in FORUMS like this to confuse potential investors, but they are a FRAUD..... Without further ado, for now, I appreciate your attention, I am waiting for a prompt and good answer.

2023-11-02 18:08
Unable to Withdraw

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

2024-11-18 19:18
Resolved

Legal consultancy

According to the regulation, signed by me, Fxoro "does not offer financial advice or guidance to customers". Then this account manager (call center operator) Davide Antona of Fxoro acted illegally. For this reason I presented an official complaint to the Fxoro complaians who only offered me 12,000 euros and which I refused. I will submit an official complaint to the financial ombusfman of Cyprus if Fxoro does not refund my entire capital (21,000 euros).

2023-10-20 04:21
Others

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.

2024-09-25 16:30
    FXORO · Company summary
    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

    News

    NewsFXORO Penalized €360K by CySEC for Investment Law Breaches

    CySEC fines FXORO's parent company €360,000 for multiple violations, including dishonest client dealings and inadequate compliance.

    WikiFX
    2024-04-23 12:59
    FXORO Penalized €360K by CySEC for Investment Law Breaches
    About More

    User Reviews

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    User comment

    25

    Comments

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    Avvocato Penalista
    0-3months
    Informazioni Importanti per i Clienti e gli Ex-Clienti di Fxoro Queste informazioni sono di grande importanza per coloro che sono attuali clienti o ex-clienti di Fxoro. Vorrei informarvi su alcuni aspetti rilevanti riguardo l'attività di questo broker, che potrebbero danneggiare i vostri interessi. Fxoro non è autorizzato a fornire consulenza finanziaria. Tuttavia, potrebbe capitare che i loro agenti vi facciano credere che i consigli offerti siano a vostro favore. È importante che sappiate che tali consigli potrebbero essere illegali e comportare un conflitto di interesse con i clienti. Se siete clienti attuali, vi consiglio di iniziare a registrare ogni telefonata ricevuta dal vostro account manager. Richiedete anche che ogni consiglio venga fornito per iscritto. Se siete ex-clienti e avete perso denaro a causa di consigli errati, avete il diritto di richiedere un rimborso completo.
    Informazioni Importanti per i Clienti e gli Ex-Clienti di Fxoro Queste informazioni sono di grande importanza per coloro che sono attuali clienti o ex-clienti di Fxoro. Vorrei informarvi su alcuni aspetti rilevanti riguardo l'attività di questo broker, che potrebbero danneggiare i vostri interessi. Fxoro non è autorizzato a fornire consulenza finanziaria. Tuttavia, potrebbe capitare che i loro agenti vi facciano credere che i consigli offerti siano a vostro favore. È importante che sappiate che tali consigli potrebbero essere illegali e comportare un conflitto di interesse con i clienti. Se siete clienti attuali, vi consiglio di iniziare a registrare ogni telefonata ricevuta dal vostro account manager. Richiedete anche che ogni consiglio venga fornito per iscritto. Se siete ex-clienti e avete perso denaro a causa di consigli errati, avete il diritto di richiedere un rimborso completo.
    Translate to English
    +1
    2025-03-03 22:46
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    FX1678463793
    3-6months
    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.
    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.
    Translate to English
    2025-01-29 20:53
    Reply
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