In this review we compared FXORO with competition based on fees, spreads, offer of trading assets and experience of traders. FXORO is regulated by CySec and offers Forex, Indices, Commodities CFDs.
Established in 2012
Location: Cyprus
Company: FXORO is a brand used by MCA Intelifunds Ltd, a company
Regulation: Cyprus Securities and Exchange Commission as a Cyprus Investment Firm (CIF) with License No. 126/10
Currency pairs: 60
Trading instruments: forex, indices, commodities CFDs
Cryptocurrency: at the time of this FXoro review, digital currency trading, including Bitcoin was not available
Trading Platform Features
Negative balance protection: yes. With this option customers’ accounts cannot go into minus, so traders will never lose more than they’ve invested, even in cases of extraordinary volatility.
Instant margin protection: FXORO uses automatic precautions and advanced technology to ensure that our clients have complete use of their trading accounts’ margin. At the same time, limits are carefully monitored to avoid negative balance.
Clients funds protection: All of FXORO’s client funds are separated from the company capital and they are kept in leading banks for maximal protection.
Trading platforms: Metatrader 4 (desktop, web, mobile)
Minimum deposit requirement: $200
Minimum trade size: 0.01
Maximum leverage: 1:400
Spreads: start from 2 pips
Commissions: only for ECN account
Expert advisors: yes
Social trading: no
Automatic trading capability: not available
Review of Advantages of FX Trading with FXOro Broker
- full access to over 60 currency pairs 24 hours a day, 5 days a week.
- Access the financial market with minimum capital and flexible leverage capabilities.
- Deep liquidity, stable prices and low spreads.
- Margin trading, where you can trade assets that exceed your account’s capital.
- Negative balance protection and client’s funds security with segregated bank accounts
- No fees or commissions.
Account Types
At FXORO, there are 3 different types of accounts to fit all types of traders needs. The main difference between each type of account is linked to the spread applicable to the transactions.
Fixed spreads accounts: The spreads stay fixed and do not vary no matter what the volatility is in the markets.
- Leverage up to 1:400
- Spread 2 pips
- Full margin capability
- No commission
Variable spreads accounts: You can expect a spread that will, at times, be as low as 0.3 pips depending on the instrument being traded and the level of market volatility.
- Leverage up to 1:200
- Spread from 1.2 pips
- Stop out 25%
- No commission
ECN accounts: The FXORO ECN enables clients to trade on tight bid/offer spreads, which are as low as 0 pip on all majors in normal market conditions but which fluctuate according to market volatility.
- Leverage up to 1:100
- Spread from 0 pips
- Stop out 50%
- Commission $6 per lot
Islamic swap free accounts: available
Payment Options
Payment methods: credit cards, wire transfer, skrill, neteller, ecoPayz, CashU
Expert advisors: yes
Customer support and representative assistance
Customer support: phone, online chat, email
How was the rating of FXoro performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXoro FX broker performance and features.
Overall our online FXoro review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXoro or you find inaccurate details FXoro broker review please get in touch with us and the changes will be applied.
