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FXORO -

Score

6.20 /10
Average

FXORO

Seychelles

10-15 years

Regulated in Cyprus

Market Maker (MM)

Suspicious Scope of Business

United Kingdom European Authorized Representative (EEA) Revoked

High potential risk

Offshore Regulated

https://orofintech.com/

Influence

C

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Comparison

Quantity 11

Exposure

Open Account
Website

Score

Regulatory Index6.93

Business Index8.56

Risk Management Index0.00

Software Index6.24

License Index6.93

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

MCA INTELIFUNDS LTD

Company Abbreviation

FXORO

Platform registered country and region

Seychelles

Company website

X

Facebook

Instagram

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 4
Previous Detection : 2025-04-30
  • The number of the complaints received by WikiFX have reached 10 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • United KingdomFCA (license number: 571351) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!

WikiFX Survey

Good

FXORO

Cyprus

WikiFX Verification

Exposure

11 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

I WILL NOT LEAVE THEM

I WILL NOT LEAVE THEM ... I SENT COMPLAINTS TO FSA AND CYSEC. 🌀

FX5954550692
2024-11-20 02:08
Unable to Withdraw

a scam broker

i registered an account with the broker and i deposited 2000 usd when i started to make profit , they stopped my withdrawals and no any of the support team answer me in live chat or replying my mails. they are scam broker. for more than 5 moths now and i am trying to contact them but no way. my balance now more than 27000 usd ... TAKE CARE

FX5954550692
2024-11-18 19:18
Scam

FXORO Now I have lost my 100$ money.

They made me come to FXORO by promising to give me an extra $100 for every $100 I deposited. When I came, they only gave me an extra $50. Apart from that, they told me not to put a stop loss on the trade. Now I have lost my money. The money I earned by driving zomato with my hard work. They say that I can only continue trading if I deposit the money again. Please give me my money back. Thank you.

FX1678463793
2025-01-29 20:53
Others

Complaints

Important Information for Fxoro Customers and Former Customers This information is of great importance to those who are current customers or former customers of Fxoro. I would like to inform you about some relevant aspects regarding the activities of this broker, which could harm your interests. Fxoro is not authorized to provide financial advice. However, it may happen that their agents make you believe that the advice offered is in your favor. It is important for you to know that such advice may be illegal and involve a conflict of interest with customers. If you are current customers, I recommend that you start recording every phone call received from your account manager. Also, request that every advice be provided in writing. If you are former customers and have lost money due to incorrect advice, you have the right to request a full refund.

Avvocato Penalista
2025-03-03 22:46
FXORO · Company summary
FXORO Review Summary
Founded2022
Registered Country/RegionSeychelles
RegulationCYSEC, FSA, FCA (Revoked)
Market InstrumentsCurrencies, commodities, indices, shares, cryptos and ETFs
Demo Account/
LeverageUp to 1:400
SpreadFrom 1.0 pips
Trading PlatformMT4
Minimum Deposit/
Customer SupportContact form
Phone: +442031290670
Email: info@global.fxoro.com
Address: Suite 3, Global Village, Jivans Complex Mont Fleuri, Mahe, Seychelles
Regional Restrictions/

FXORO is the trademark of MCA INTELIFUNDS LTD (authorized and regulated by CYSEC and FSA), a brokerage firm offering online Forex and CFD trading services, founded in 2022. It offers various trading instruments through MT4 trading platform. However, their licence of FCA has been revoked.

FXORO's homepage

Pros and Cons

Pros Cons
Regulated by CYSEC and FSAFSA (Revoked)
Islamic accounts providedHigher spread set
Multiple trading instrumentsLimited information related to deposit and withdrawal
Flexible leverage ratios
MT4 provided

Is FXORO Legit?

FXORO is regulated by the Cyprus Securities and Exchange Commission (CYSEC) and The Seychelles Financial Services Authority (FSA). But the license of Financial Conduct Authority (FCA) has been revoked.

Cyprus Securities and Exchange Commission (CYSEC)
Regulatory Status Regulated
Regulated by Cyprus
Licensed Institution MCA Intelifunds Ltd
Licensed TypeMarket Maker (MM)
Licensed Number126/10
Regulated by CySEC
The Seychelles Financial Services Authority (FSA)
Regulatory Status Offshore Regulated
Regulated by Seychelles
Licensed Institution ORO FINTECH LIMITED
Licensed TypeRetail Forex License
Licensed NumberSD046
Offshore regulated by FSA
Financial Conduct Authority (FCA)
Regulatory Status Revoked
Regulated by United Kingdom
Licensed Institution MCA Intelifunds Ltd
Licensed TypeEuropean Authorized Representative (EEA)
Licensed Number571351
Revoked FCA license

What Can I Trade on FXORO?

FXORO offers currencies, commodities, indices, shares, cryptos and ETFs. Overall, you have a good mix of investment options.

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Shares✔
ETFs✔
Bonds❌
Mutual Funds❌
What Can I Trade on FXORO?

Account Type

There are 2 different accounts in FXORO including the Fixed and the Floating accounts. Besides, they also offer Islamic Accounts.

Account Type

Leverage

FXORO provides flexible leverage options for various trading products and accounts, with the leverage ratios spanning from 1:2 to 1:400. To learn specific leverage, you can click: https://orofintech.com/en/trading-conditions/.

Leverage

FXORO Fees

FXORO offers diverse spreads for different trading instruments and accounts. The spreads start from 1 pips, and they are higher compared to those of other regulated brokers.

Trading Platform

FXORO offers MT4 trading platform, which supports trading through web and mobile.

Trading PlatformSupported Available Devices Suitable for
Web❌Web/
MT4✔Web/ mobileBeginners
MT5❌/Experienced traders
MT4

News

NewsFXORO Penalized €360K by CySEC for Investment Law Breaches

CySEC fines FXORO's parent company €360,000 for multiple violations, including dishonest client dealings and inadequate compliance.

WikiFX
2024-04-23 12:59
FXORO Penalized €360K by CySEC for Investment Law Breaches
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User Reviews

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User comment

25

Comments

Write a review

Oscar1410
more than one year
Son una ESTAFA, yo estuve con Eduard MEndez y JUAN V y Ambos son unos estafadores, ladrones y mentirosos, es un broker Ladrón que se amparan en que patrocinan a la Roma para robarle a la gente, te dicen que te ayudaran y que de lo que "tu ganas, ellos ganan", pero lo que realmente quieren decir es "de lo que te hago perder, tu Ganas", son ladrones, estafadores, una empresa Ladrona que solo le interesa robarte el dinero.
Son una ESTAFA, yo estuve con Eduard MEndez y JUAN V y Ambos son unos estafadores, ladrones y mentirosos, es un broker Ladrón que se amparan en que patrocinan a la Roma para robarle a la gente, te dicen que te ayudaran y que de lo que "tu ganas, ellos ganan", pero lo que realmente quieren decir es "de lo que te hago perder, tu Ganas", son ladrones, estafadores, una empresa Ladrona que solo le interesa robarte el dinero.
Translate to English
2022-11-16 22:41
1
0
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FX3833661412
6-12months
Personally I'm having a very positive trading experience with FXORO. I have been trading with them for more than 3 years and I have no complaints to address.
Personally I'm having a very positive trading experience with FXORO. I have been trading with them for more than 3 years and I have no complaints to address.
Translate to English
2024-10-10 15:23
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