FXORO Review 2020
FXORO is a CFD broker that offers forex, commodities, indices, and cryptocurrencies for online trading via the MetaTrader 4 platforms for desktop, web and mobile devices. The broker provides some useful trading tools and a vast collection of educational materials while offering competitive spreads and negative balance protection.
FXORO Review 2020, Pros & Cons
- MT4 trading platform
- Multiple tradable assets
- Some useful trading tools
- Several educational resources
- Limited account types
- Not the lowest spreads
- No US clients
In this detailed FXORO review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
FXORO is not ranked in our best forex brokers, best stockbrokers, best CFD brokers, best crypto brokers, or best online brokers categories. You can use our free broker comparison tool to compare online brokers including FXORO.
FXORO Review: Summary
FXORO is an online broker that offers CFD trading on forex, commodities, indices, and cryptocurrencies. They offer tight spreads and negative balance protection whilst providing clients with the MT4 platform, along with some useful trading tools and a vast collection of educational materials.
FXORO Review: Regulation
FXORO G;obal 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.
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: Countries
The broker offers its services to clients from all over the world who have reached the age of 18 years and reside in a country where trading the financial markets with an international broker is not prohibited. They do not provide trading services to clients based in the USA.
Some FXORO features and products mentioned within this FXORO review may not be available to traders from specific countries due to legal restrictions.
If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers Australia, best brokers South Africa, best brokers Canada or our best brokers for all other countries.
FXORO Review: Trading Platforms
FXORO provides traders with the MetaTrader 4 platform, which has an intuitive interface that makes it easy for new traders to use, whilst it also has advanced trading and automation tools that make it appealing to professional traders. The broker makes MT4 available as a desktop application for Windows computers, a WebTrader that runs on modern browsers, and mobile apps for iOS and Android devices. This is useful for those who need to access their account and trade whilst on the go.
FXORO Review: Trading Tools
Apart from the built-in tools in the MT4 platform, the broker also provides some standalone trading tools, such as Trading Central, TC Market Buzz, Economic Calendar, News, and Signals.
FXORO Review: Education
The broker provides traders with a vast range of educational resources, arranged in various formats, such as the Basic Course, In-depth Courses, eBook, Trading Glossary, and the FAQ. They also organize webinars.
FXORO Review: Trading Instruments
FXORO offers forex trading in major, minor, and exotic currency pairs, as well as CFD trading in commodities, indices, and cryptocurrencies.
FXORO Review: Trading Accounts & Fees
The broker offers two types of trading accounts: Fixed Spread Account (2-pip spread) and Floating Spread Account (spreads average 1.2 pips). Both accounts have a leverage of up to 400:1 and zero commission.
As broker fees can vary and change, there may be additional fees that are not listed in this FXORO review. It is imperative to ensure that you check and understand all of the latest information before you open an FXORO broker account for online trading.
FXORO Review: Customer Service
FXORO has a dedicated customer support team that 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 Review: Deposit & Withdrawal
The broker accepts the following payment methods:
- 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, and transaction fees differ.
FXORO Review: Account Opening
If you want to open an account with this broker, click on the ‘Register’ button on the top-right corner of the broker homepage and fill the form displayed. Then, provide the required documents for verification, and once verified, you can fund your account and start trading online.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.
FXORO Review: Conclusion
FXORO is an offshore broker that offers forex, commodities, indices, and cryptocurrencies for online trading. They provide clients with the MT4 platform, along with some useful trading tools and a vast collection of educational materials.
Leveraged products such as CFDs and Forex are considered intricate financial assets and may not be suitable for all investors as they carry a high degree of risk and can lead to the loss of your investment. Before getting involved with trading, consider your financial goals, your skills, and gage the possible risks associated with trading this Company’s products.