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 However, their licence of FCA has been revoked.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 But the license of Financial Conduct Authority (FCA) has been revoked.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