About FXORO
Company Overview
FXORO is a brokerage firm founded in October 2018 and headquartered in Seychelles. The company operates under the legal name ORO FINTECH LIMITED and provides online trading services in forex and contracts for difference (CFDs). It aims to serve retail traders by offering access to global financial markets through its trading platforms.
Regulation and Licensing
FXORO holds two regulatory licenses. It is regulated by the Cyprus Securities and Exchange Commission (CySEC) under license number 126/10, which classifies it as a market maker. Additionally, it is registered with the Seychelles Financial Services Authority (FSA) under license SD046, operating under offshore regulation. These licenses provide a degree of oversight, though the offshore status may offer different levels of investor protection compared to top-tier regulators.
Trading Platforms
The broker provides the widely used MetaTrader 4 (MT4) platform. MT4 is known for its advanced charting tools, algorithmic trading capabilities, and user-friendly interface. Traders can access the platform via desktop, web, or mobile devices, allowing for flexible trading across different environments.
Tradable Instruments
FXORO offers trading in forex and CFDs. The specific range of instruments is not fully disclosed in the provided data, but typical offerings include major and minor currency pairs, indices, commodities, and possibly stocks. Traders should verify the full list of instruments with the broker directly.
Account Types
Information about specific account types is not disclosed in the data provided. Typically, brokers offer varying account tiers with different minimum deposits, spreads, and leverage. Traders are advised to consult FXORO's website or customer support for details on available account options.
Funding and Withdrawals
FXORO supports a variety of payment methods, though the exact methods are not listed in the data. User reviews indicate that deposits are generally processed quickly, while withdrawals can be fast in some cases but may experience delays for others. The broker states a clear commission structure for transactions.
Customer Support
Customer support is available via live chat and phone. Reviews highlight that trade advisors and account managers are responsive and provide training and signals. However, some users report unresolved complaints and issues with account managers.
Overview compiled by FXCanary from regulatory records and public data. full FXORO review