Score

5.55 /10
Average

FXORO

Seychelles

15-20 years

Regulated in Cyprus

Derivatives Trading License (MM)

Suspicious Scope of Business

High potential risk

Offshore Regulated

C

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index6.14

Business Index8.00

Risk Management Index0.00

Software Index5.53

License Index6.14

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

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Broker Information

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Company Name

ORO FINTECH LIMITED

Company Abbreviation

FXORO

Platform registered country and region

Seychelles

Company website

Company summary

Pyramid scheme complaint

Expose

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WikiFX Risk Alerts 2
Previous Detection : 2026-02-23
  • WikiFX has received a total of 10 user complaints against this broker, please be aware of the risks and do not be scammed!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Pyramid scheme complaint
Expose
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

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
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
    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
    WebWeb/
    MT4Web/ mobileBeginners
    MT5/Experienced traders
    MT4

    News

    ExposureFXORO Review 2026: Is this Forex Broker Legit or a Scam?

    FXORO holds a moderate WikiFX Score of 5.55, backed by a reputable CySEC license and offshore FSA regulation. However, a recent surge in complaints regarding withdrawal delays and aggressive account management signals significant caution is needed.

    WikiFX
    2026-02-21 15:00
    FXORO Review 2026: Is this Forex Broker Legit or a Scam?

    ExposureFXORO Review: Safety, Regulation & Forex Trading Details

    FXORO holds dual regulation from CySEC and the Seychelles FSA, yet recent market data reflects a decline in user trust. While established in 2010, this Forex broker faces serious allegations regarding regulatory fines and persistent withdrawal delays.

    WikiFX
    2026-02-02 14:00
    FXORO Review: Safety, Regulation & Forex Trading Details

    ExposureFXORO Under the Microscope: Revoked Licenses and The "Advisory" Trap

    While FXORO maintains a presence in the global market with a seemingly respectable WikiFX score, a deeper investigation reveals a widening gap between its regulatory faade and the actual experiences of its clients. With an FCA license listed as "Revoked" and a surge of complaints alleging unauthorized trading advice and withdrawal blockages, African traders must exercise extreme caution. This report dissects the specific mechanisms—from bonus traps to aggressive account management—that have left investors worldwide fighting to recover their capital.

    WikiFX
    2025-12-16 10:33
    FXORO Under the Microscope: Revoked Licenses and The "Advisory" Trap

    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

    User Reviews

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    User comment

    26

    Comments

    Write a review

    Avvocato.Penalista
    6-12months
    Si capisce che le recensioni positivi su Trustpilot sono false e vengono pubblicate dagli stessi agenti per ingannare i clienti o per convincerli a seguire i loro consigli errati con l'intento di far perdere capitale. Se perdi capitale a causa dei consigli errati, hai il diritto di chiedere un risarcimento del 100%.
    Si capisce che le recensioni positivi su Trustpilot sono false e vengono pubblicate dagli stessi agenti per ingannare i clienti o per convincerli a seguire i loro consigli errati con l'intento di far perdere capitale. Se perdi capitale a causa dei consigli errati, hai il diritto di chiedere un risarcimento del 100%.
    Translate to English
    2025-07-03 16:46
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    FX2150309832
    6-12months
    Se volete capire quanto sia affidabile questa compagnia, vi invito a cercare su Google: "MCA Intelifunds Ltd CySEC". Scoprirete che la Cyprus Securities and Exchange Commission (CySEC) ha multato questa società per 360.000 euro a causa di numerose violazioni delle normative finanziarie. Violazioni rilevate da CySEC: ✅ Mancanza di politiche adeguate per garantire la conformità legale. ✅ Mancata protezione degli interessi dei clienti, operando in modo non equo e professionale. ✅ Offerta di strumenti finanziari non adatti al mercato target e senza una corretta valutazione della loro adeguatezza per gli investitori. ✅ Omessa raccolta di informazioni essenziali dai clienti per verificare la loro esperienza e conoscenza negli investimenti. ✅ Mancata comunicazione chiara dei rischi associati ai prodotti offerti.
    Se volete capire quanto sia affidabile questa compagnia, vi invito a cercare su Google: "MCA Intelifunds Ltd CySEC". Scoprirete che la Cyprus Securities and Exchange Commission (CySEC) ha multato questa società per 360.000 euro a causa di numerose violazioni delle normative finanziarie. Violazioni rilevate da CySEC: ✅ Mancanza di politiche adeguate per garantire la conformità legale. ✅ Mancata protezione degli interessi dei clienti, operando in modo non equo e professionale. ✅ Offerta di strumenti finanziari non adatti al mercato target e senza una corretta valutazione della loro adeguatezza per gli investitori. ✅ Omessa raccolta di informazioni essenziali dai clienti per verificare la loro esperienza e conoscenza negli investimenti. ✅ Mancata comunicazione chiara dei rischi associati ai prodotti offerti.
    Translate to English
    2025-06-25 16:38
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