With its headquarter in Seychelles, FXORO is an online financial services provider that gives traders access to trade multiple financial instruments across different asset classes, such as forex, CFDs, indices, commodities, and cryptocurrencies, via the MetaTrader 4 trading platforms for desktop, web, and mobile devices. The broker operates the market maker execution model whilst offering clients some trading tools, educational materials, and favorable trading conditions, including competitive spreads and negative balance protection.
FXORO Review Introduction
In this FXORO review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including FXORO.
FXORO Platforms & Tools
The broker provides traders with the MetaTrader 4 trading platform, which is considered the ‘Gold Standard’ in forex trading due to reliability, scalability, and versatility. It is feature-packed, with loads of analytical tools. The MT4 platform has an intuitive interface that makes it easy for both new and professional traders to use. The broker makes MT4 available as a desktop application for Windows and Mac computers, a WebTrader that runs on modern browsers without the need to download any software, and mobile apps for iOS and Android devices. The mobile apps can be downloaded from the relevant app stores and are useful for those who need to trade on the go.
In addition to the built-in tools in the MT4 platform, some standalone trading tools, such as Trading Central, TC Market Buzz, Economic Calendar, News, and Signals, are also available to traders.
FXORO Research & Education
There are some educational materials on the broker’s website, and they include Webinars, Basic Course, In-depth Courses, eBooks, Trading Glossary, and the FAQ section, which gives prompt answers to common questions that clients do ask.
FXORO Trading Accounts
FXORO offers two types of trading accounts: the Fixed Spread Account, which has low fixed speeds starting from 2-pips, and the Floating Spread Account with an average spread of 1.2 pips. Both accounts have a leverage of up to 1:400 and zero commission. The option of creating an Islamic Account is available on both accounts.
FXORO Account Funding
The following payment methods are available for deposits and withdrawals at FXORO:
- Bank wire
- E-Wallets, such as Skrill, Neteller, and Globe pay
- Credit/Debit Cards, such as Visa, MasterCard, Maestro, JCB, and UnionPay
All methods may not be available for both deposit and withdrawals, while transaction fees, limits, and processing times are dependent on the payment method.
FXORO Customer Service
The broker’s customer support is always eager to help traders with any issues they may have. They can be reached via email, phone, online chat, and the ‘Contact Us’ form on the broker’s website
FXORO Global is the trading brand of ORO FINTECH LTD, which is a limited liability company incorporated and registered under the laws of Seychelles with company number 8425077-1. The Company is authorized by the Financial Services Authority of Seychelles with Securities Dealer’s License Number SD046, while FXORO Europe is operated by MCA Intelifunds LTD, a financial company incorporated and registered under the laws of the Republic of Cyprus. It is authorized by CYSEC, with license number 126/10.
FXORO Review Summary
FXORO is an online trading broker that offers multiple trading instruments across different asset classes for trading via the MT4 trading platform. The broker offers competitive trading conditions whilst providing clients with some useful trading tools and educational materials.
It is worth mentioning that some of the trading products and services in this FXORO review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the FXORO broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.