About MCA Intelifunds Ltd
Company Background
MCA Intelifunds Ltd, trading under the brand FXORO, is a Cyprus-based investment firm that offers online forex and CFD trading services. The company is registered in Cyprus and has its registered office in Limassol. Although the exact founding date is not recorded in our database, industry references suggest the broker has been active since 2012. The firm operates as a CySEC-regulated entity under licence number 126/10, which authorises it to provide investment services across the European Economic Area.
Regulatory Status
The broker is currently authorised and regulated by the Cyprus Securities and Exchange Commission (CySEC). This licence was previously active. However, as of October 2024, the company announced its intention to voluntarily surrender this authorisation, with operations ceasing on 24 October 2025.
Consequently, the broker is no longer offering services to new clients and has begun winding down its client accounts. Existing clients have been instructed to withdraw their funds. This regulatory change marks a significant shift in the broker's status.
Account Options
FXORO provides several account types designed to cater to different trading preferences. The fixed spread account offers predictable costs, while the variable spread account gives tighter spreads in favourable market conditions. An ECN account is available for traders seeking direct market access. The broker also accommodates Muslim traders through swap-free Islamic accounts. The specific minimum deposit amounts and leverage limits are not published in our regulatory records, but the broker claims to offer competitive conditions.
Trading Platforms and Instruments
The broker's primary trading platform is MetaTrader4 (MT4), a standard in the industry known for its charting tools and automated trading capabilities. FXORO offers a selection of over 60 currency pairs, along with CFDs on major indices, commodities, and a range of stocks, ETFs, and cryptocurrencies. This allows traders to diversify across asset classes within a single account.
Deposits and Withdrawals
Clients can fund their trading accounts through several methods, including bank wire transfers, major credit cards (Visa, MasterCard), and electronic wallets. The broker processes withdrawals using the same methods. Specific processing times and fees are not detailed in the available documentation, but the broker states that it aims to process requests promptly.
Current Status and Conclusion
MCA Intelifunds Ltd (FXORO) is currently in the process of ceasing operations under its CySEC licence. For traders, this means the broker is effectively unavailable for new accounts. The broker's regulated status under CySEC provided a level of investor protection, but with the licence renunciation, this protection is no longer applicable. Traders should be aware of this situation before considering any engagement.
Overview compiled by FXCanary from regulatory records and public data. full MCA Intelifunds Ltd review