Score
Seychelles
|
10-15 years
| https://orofintech.com/
Website
Rating Index
Influence
C
Influence index NO.1
Netherlands 3.10
Single Core
1G
40G
1M*ADSL
Seychelles
Hungary
orofintech.com fxoro.com
VIP is not activated.
| FXORO Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Seychelles |
| Regulation | CYSEC, FSA, FCA (Revoked) |
| Market Instruments | Currencies, commodities, indices, shares, cryptos and ETFs |
| Demo Account | / |
| Leverage | Up to 1:400 |
| Spread | From 1.0 pips |
| Trading Platform | MT4 |
| Minimum Deposit | / |
| Customer Support | Contact 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 However, their licence of FCA has been revoked.
| Pros | Cons |
| Regulated by CYSEC and FSA | FSA (Revoked) |
| Islamic accounts provided | Higher spread set |
| Multiple trading instruments | Limited information related to deposit and withdrawal |
| Flexible leverage ratios | |
| MT4 provided |
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 But the license of Financial Conduct Authority (FCA) has been revoked.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 Type | Market Maker (MM) |
| Licensed Number | 126/10 |
| The Seychelles Financial Services Authority (FSA) | |
| Regulatory Status | Offshore Regulated |
| Regulated by | Seychelles |
| Licensed Institution | ORO FINTECH LIMITED |
| Licensed Type | Retail Forex License |
| Licensed Number | SD046 |
| Financial Conduct Authority (FCA) | |
| Regulatory Status | Revoked |
| Regulated by | United Kingdom |
| Licensed Institution | MCA Intelifunds Ltd |
| Licensed Type | European Authorized Representative (EEA) |
| Licensed Number | 571351 |
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 | ❌ |
There are 2 different accounts in FXORO including the Fixed and the Floating accounts. Besides, they also offer Islamic Accounts.
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/.
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.
FXORO offers MT4 trading platform, which supports trading through web and mobile.
| Trading Platform | Supported | Available Devices | Suitable for |
| Web | ❌ | Web | / |
| MT4 | ✔ | Web/ mobile | Beginners |
| MT5 | ❌ | / | Experienced traders |
CySEC fines FXORO's parent company €360,000 for multiple violations, including dishonest client dealings and inadequate compliance.
FXORO offers leverage ranging from 1:2 to 1:400. Personally, I’d be cautious with high leverage as it amplifies both profits and losses. I like the flexibility this gives me, but I’d always ensure I understand the risks when using such leverage, especially when trading in the fxoro market. Before logging in, I’d make sure to adjust leverage according to my risk tolerance, which is something I look for in my fxoro review.
FXORO offers two account types: Fixed and Floating accounts, plus Islamic accounts. For me, having an Islamic account is a great option, especially if I need a swap-free account for religious reasons. The fxoro review highlights that these accounts cater to a wide range of traders, but I personally would choose the one that best fits my trading style and goals when I fxoro login.
The pros of FXORO’s regulation are mainly that it’s overseen by CYSEC, which is a solid regulatory authority in Europe. However, the revoked FCA license raises some concerns for me. While I think their regulation in Seychelles provides flexibility, I’d always be cautious when accessing the platform, especially considering how this might impact my security in the fxoro market. That said, I still believe it’s a legitimate option, but it’s important to assess the fxoro review carefully.
FXORO hasn’t listed detailed withdrawal methods, so I’d recommend contacting them directly for clarification. From the fxoro review, it’s common to have methods like bank transfer or credit cards, but I’d want to make sure to confirm. When I log in to their platform, I’ll double-check the available options to make sure my withdrawal process is smooth.
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Avvocato.Penalista
United Kingdom
It's clear that the positive reviews on Trustpilot are fake and posted by the agents themselves to deceive clients or convince them to follow their incorrect advice with the intent of causing capital loss. If you lose capital due to incorrect advice, you have the right to ask for 100% compensation.
Exposure
FX2150309832
Italy
If you want to understand how reliable this company is, I invite you to search on Google: "MCA Intelifunds Ltd CySEC". You will discover that the Cyprus Securities and Exchange Commission (CySEC) fined this company 360,000 euros due to numerous violations of financial regulations. Violations detected by CySEC: ✅ Lack of adequate policies to ensure legal compliance. ✅ Failure to protect the interests of clients by operating unfairly and unprofessionally. ✅ Offering financial instruments unsuitable for the target market without a proper assessment of their suitability for investors. ✅ Failure to collect essential information from clients to verify their experience and knowledge in investments. ✅ Lack of clear communication of the risks associated with the products offered.
Exposure
FX1678463793
India
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.
Exposure
FX5954550692
Saudi Arabia
I WILL NOT LEAVE THEM ... I SENT COMPLAINTS TO FSA AND CYSEC. 🌀
Exposure
FX5954550692
Saudi Arabia
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
Exposure
FX1743953682
Italy
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.
Exposure
FX3833661412
Romania
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.
Positive
pasquale maurizio russo
Italy
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.
Exposure
Dreckyu
Nigeria
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.
Positive
FX1665232766
Belarus
It is smooth and good in working and also very has fast execution
Positive
Yuri2
United States
good broker
Neutral
Sohelmollah11
Spain
Not Bad
Neutral
BLIMBLIM
Mexico
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.
Exposure
Raffaele
Italy
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).
Exposure
Jorge Wunderli
Paraguay
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.
Exposure
FX1283767917
India
Trading with FXOPRO for many years, and it always make me feel reliable. It is like a good friend. FXORO’ customer service is unparalleled, always here to help me fix problems. I guess it is difficult for me to find a better one.
Neutral
A葉子
Hong Kong
Hey guys! Thanks for the excellent customer service and great platform! Nice and easy-to-use service. Good interface, and many trading pairs. I love it and recommend it!
Positive
free48279
Argentina
don't believe this so called forex broker, i don't know why this scammer can keep trading for more than a decade. keep an eye out so you don't lose money!
Neutral
FX1023329039
United Kingdom
DON’T TRUST FXORO! DON’T OPEN AN ACCOUNT here. Their spreads are so high and totally manipulated. They use good return to seduce you, said if you put 200 euro, you would earn daily 20 euro more or less. Stay away from their website, they will probably scam you!
Neutral
Low Fred
Salvador
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
Exposure