FXORO review

Regulated by

CySEC (126/10), authorisation being voluntarily renounced following cessation of services

Regulator tier

Tier 1

Register entry

CySEC CIF Register, licence 126/10

Client money segregated

Yes

Held at

Third-party regulated banking institutions

Negative balance protection

Yes

Compensation scheme

Investor Compensation Fund, up to €20,000 for eligible clients

Audited by

Independent external auditors

Not available to

United States and other jurisdictions where services were prohibited; Spain restricted CFD accounts to professional clients

Check the licence on the regulator's own site, not on a link somebody sent you.

FXORO holds a tier-one authorisation from CySEC. That matters more than any headline spread: it determines your leverage cap, whether losses can exceed your deposit, and what happens to your money if the firm fails.

CySEC licences passport across the EU and follow the 1:30 retail leverage cap, with the Investor Compensation Fund covering eligible claims.

Check the licence yourself: the CySEC register of investment firms.

Legal entity

MCA Intelifunds Ltd

Company number

HE 270891

Headquarters

Limassol, Cyprus

Founded

2012

Publicly listed

No

Parent company

Independent

Employees

Approx. 50-200

Also trades as

FXORO

Deposit methods

Visa, Mastercard, bank wire, Skrill, Neteller

Withdrawal methods

Bank transfer, cards, Skrill, Neteller and applicable original funding methods

Deposit time

Cards/e-wallets generally instant; bank transfer typically 1-5 business days

Withdrawal time

Typically 1-5 business days depending on method

Minimum withdrawal

$50

Local payment methods

Jurisdiction-specific bank and electronic payment methods

Spread from

0.0 pips

EUR/USD spread

Approx. 1.2 pips, Floating

GBP/USD spread

Approx. 1.8 pips, Floating

Commission

$6 per lot, ECN forex

All-in cost, EUR/USD

Approx. 0.6-1.2 pips depending on account

Spread type

Fixed and variable, account-dependent

Overnight swap

Both: overnight swaps could be charged or credited; Islamic account available

Inactivity fee

$15 quarterly after 3 months inactivity

Withdrawal fee

Method-dependent

Currency conversion

Conversion at applicable exchange rate

An offer that beats the market by a wide margin is the most reliable warning sign there is.

A quoted spread from 0.0 pips is a raw-spread figure, which almost always means a separate commission per lot. Compare the two together - a "zero spread" account with a high commission can cost more than a wider spread with none.

Quoted spreads are best-case figures on the most liquid pair, in normal conditions. What you actually pay widens around news and at the session open.

FXORO lists a minimum deposit of $100. Treat it as the cost of opening an account, not the cost of trading one - position sizing on a small balance is what tends to cause damage.

Markets

Forex, Shares, Indices, Commodities, Metals, Cryptocurrencies, ETFs

Currency pairs

60+

Total instruments

250+

Crypto CFDs

Yes

Maximum leverage

1:400

Execution model

Market maker / principal

Execution speed

Under 100ms

Order types

Market, limit, stop, stop-loss, take-profit, trailing stop

Servers

European financial data-centre infrastructure

Leverage up to 1:400 is available on this entity. High leverage does not increase your expected return - it increases position size for the same deposit, and shortens the move needed to close you out.

FXORO covers forex, shares, indices, commodities, metals, cryptocurrencies, etfs. A wider range matters less than depth in the instruments you actually trade.

Funding options: visa, mastercard, bank wire, skrill, neteller. Check withdrawal routes as well as deposit ones - they are often not the same, and the difference only becomes apparent when you try to take money out.

Platforms

MetaTrader 4, FXORO WebTrader, FXORO Mobile

Own platform

Yes, FXORO WebTrader

Mobile app

Both proprietary and third-party

Browser trading

Yes

Automated trading

Yes, MT4 Expert Advisors

Copy trading

No

Indicators

30+ MT4 indicators plus custom indicators

Third-party tools

MetaTrader 4

API access

Limited/institutional connectivity

MetaTrader 4 remains the most widely supported platform for expert advisors. If you rely on an existing EA, this is usually the deciding factor.

Minimum deposit

$100

Account types

Fixed, Floating, ECN, Islamic/Swap-Free, Professional, Demo

Account currencies

USD, EUR, GBP

Islamic account

Yes

Demo account

Yes

Professional account

Yes

Minimum trade size

0.01 lots

Time to open

Typically a few minutes when accounts were available

Support hours

24/5 when operational

Contact channels

Email, phone, WhatsApp, contact form

Languages

Multilingual

Telephone

+357 25 205555

Email

info@fxoro.com

Live chat response

Typically under 2 minutes when operational

Education

Extensive: ebooks, webinars, trading courses, video tutorials, glossary and educational articles

Research

Market analysis, technical analysis, trading signals, market news and trading tools