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

Executive Summary: FXORO is a long-standing broker (est. 2010) with a valid European license (CySEC) and a WikiFX Score of 5.55. Despite this regulatory backing, a worrying trend of recent complaints alleges withdrawal issues and questionable advisory practices.

Before you find a Forex broker to trust with your hard-earned savings, you must look beyond the flashy advertisements. In this FXORO review, we analyze the gap between their official regulatory status and the reality reported by traders. With a WikiFX score hovering in the middle ground (5.55/10), determining if this broker is right for you requires a closer look at the facts.

Question 1: Regulation & Safety: Is my money safe?

Reviewing a broker's regulation status is the first step in avoiding scams. FXORO currently operates under a dual-license structure:

1. Cyprus Securities and Exchange Commission (CySEC): This is their primary license (No. 126/10). CySEC is a respected European regulator.

2. Seychelles Financial Services Authority (FSA): This is an offshore license (No. SD046).

The “Why” and “How”:

Why does this matter to you? If you register under the CySEC entity (usually for European clients), you benefit from Segregated Accounts. This means the broker cannot use your money to pay their own electricity bills or debts; your cash sits in a separate bank account. However, if you are registered under the offshore Seychelles entity (common for international clients), protections are looser. In the offshore world, Counterparty Risk increases—if the broker goes bankrupt, recovering your funds is much harder than in Europe.

Question 2: What are real traders complaining about?

Despite the valid regulations, the WikiFX database has received 10 serious complaints in just the last three months. This is a high number for a regulated broker and serves as a major red flag.

1. Account Managers & Aggressive Advice

Multiple users, particularly from Italy, have reported severe dissatisfaction with account managers. Traders claim they received phone calls advising them to open specific trades that led to rapid losses. One user explicitly stated the broker acted as a “Market Maker” and benefited from their losses.

> “If you lose capital due to wrong advice, you have the right to ask for compensation...” - User from UK/Italy.

2. Alleged Regulatory Fines

Several complaints in the database reference a specific fine. Users claim that CySEC fined the parent company (MCA Intelifunds Ltd) roughly €360,000 for compliance violations regarding client fairness. While this is reported within the user complaints section, it highlights that even regulated brokers can face disciplinary action.

3. Withdrawal Struggles

Traders from Saudi Arabia and Singapore have reported that while depositing is instant, withdrawals are ignored or stalled.

> “I deposited 2000 USD... they stopped my withdrawals and no support team answer me.” - User from Saudi Arabia.

Pro Tip: verifiable regulations usually prevent outright theft, but they don't always prevent poor service. If you see a pattern of “ignored withdrawals,” it is safer to wait until the dust settles.

Question 3: What software will I use?

The specific trading platform (like MT4 or MT5) is not explicitly confirmed in the current data, meaning FXORO may use a mix of standard or proprietary software. Regardless of the software, you must be vigilant about security.

The Security of Your Login

When dealing with online finance, the login process is where many traders get hacked. Scammers often create “clone sites” that look exactly like the broker's real site to steal your password. Always verify the URL matches the official licensed website (like `orofintech.com` or `fxoro.com`) before entering your login details. If the site is slow or the login page looks different than usual, stop immediately and contact support.

Final Verdict: Should I open an account?

FXORO presents a complex case. On paper, they are “Legit” because they hold a valid CySEC license, which is significantly better than an unregulated scam. However, the WikiFX Score of 5.55 reflects the tension between their legal status and the poor Forex broker experiences reported by users.

The Risks:

• High Complaint Volume: Recent allegations of difficult withdrawals are concerning.
• Advisory Risks: Complaints about account managers giving bad trading advice are frequent.

Recommendation: Proceed with extreme caution. If you are eligible for the CySEC entity, you have better protection. If you are being placed under the offshore entity, the risks outweigh the benefits given the current complaint volume.

Status changes daily. Before depositing, check the WikiFX App for the latest real-time certificate and score updates.