General Information & Regulation
FXORO is the trademark of MCA INTELIFUNDS LTD (authorised and regulated by Cyprus Securities and Exchange Commission with Licence No. 126/10), a brokerage firm offering online Forex and CFD trading services, founded in 2012 with its administrative center located in Limassol, Cyprus.
Market Instruments
FXORO offers traders access to popular trading products in the financial markets, including Forex, commodities, CFDs, indices, cryptocurrencies.
Minimum Deposit
There are two account options on offer on FXORO platform: the Fix Spread account and the Float Spread account. The minimum deposit for starting an fix account is $200, which is in line with the sector standard.
Leverage
The maximum trading leverage lever available is up to 1:400, which is considered to be a high ratio. FXORO, as a Cyprus-based broker, offeing such high leverage, is rare to be seen.
Spreads & Commissions
Spreads on the Fix account are much wider than Floating account. EURUSD Spreads start at 2 pips for the fixed spread account and 1.2 pips for the floating spread account, and no commissions are charged for trading on either account.
Trading Platform
FXORO offers traders the market-leading MT4 trading platform with advanced charting features, 100% customizable, multilingual, user-friendly interface, flexible and easy to use, and fast response times, available for iPad, Android, or iOS versions.
Deposit & Withdrawal
FXORO offers traders a variety of deposit and withdrawal channels, includng VISA/MASTERCARD, Maestro (for USD, EUR, GBP, CHF, no commission), Wire Transfer (for EUR, GBP, CHF, no commission or 4% commission depending on the region), Skrill, NETELLER (for USD, GBP, and EUR, no commission), Globepay ( accepting USD, no commission). Withdrawal methods are VISA, MASTERCARD, Maestro, JCB, UnionPay (support EUR, USD, GBP, CHF, withdrawal fee of USD/ EUR/ GBP/ CHF 5), wire transfer SEPA (minimum withdrawal fee of USD/ EUR/ GBP/ CHF 5, a maximum fee of USD/ EUR/ GBP/ CHF 1405). Wire transfer SWIFT ($35 fee for 1-700 USD, 5% fee for more than 700 USD), Skrill ($5/€/£ fee, 1% fee for more than 500 USD), NETELLER ($15/€/£ fee for withdrawal, 1% fee for more than 1500 USD). Globepay ($5/€/£ fee, 1% fee if greater than 500), DivePay ($5/€/£ fee for withdrawal, 1% fee if greater than 500), Jeton ($5/€ fee for $1-500, 1% fee if greater than 500).
Customer Support
The FXORO customer support team can be reached via email, phone, online chat, and there is also a 'Contact US' form on the brokers website. Traders can also look through the'FAQ' part for general problems.
Accpeted Regions
FXORO 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.
