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fxoro Broker Review

Latest Important Information FXOro Broker

Reviewed broker: FXORO

Established in 2012

Location: Cyprus

Company: FXORO is a brand used by MCA Intelifunds Ltd, a company

Regulation: Cyprus Securities and Exchange Commission as a Cyprus Investment Firm (CIF) with License No. 126/10

Currency pairs: 60

Trading instruments: forex, indices, commodities CFDs 

Cryptocurrency: at the time of this FXoro review, digital currency trading, including Bitcoin was not available

FXOro Trading Platform Features

Negative balance protection: yes. With this option customers’ accounts cannot go into minus, so traders will never lose more than they’ve invested, even in cases of extraordinary volatility.

Instant margin protection:  FXORO uses automatic precautions and advanced technology to ensure that our clients have complete use of their trading accounts’ margin. At the same time, limits are carefully monitored to avoid negative balance.

Clients funds protection: All of FXORO’s client funds are separated from the company capital and they are kept in leading banks for maximal protection. 

Trading platforms: Metatrader 4 (desktop, web, mobile)

Minimum deposit requirement: $200

Minimum trade size: 0.01

Maximum leverage: 1:400

Spreads: start from 2 pips

Commissions: only for ECN account

Expert advisors: yes

Social trading: no

Automatic trading capability: not available

Review of Advantages of FX Trading with FXOro Broker

  • full access to over 60 currency pairs 24 hours a day, 5 days a week.
  • Access the financial market with minimum capital and flexible leverage capabilities.
  • Deep liquidity, stable prices and low spreads.
  • Margin trading, where you can trade assets that exceed your account’s capital.
  • Negative balance protection and client's funds security with segregated bank accounts
  • No fees or commissions.

 

Account Types FXOro broker

At FXORO, there are 3 different types of accounts to fit all types of traders needs. The main difference between each type of account is linked to the spread applicable to the transactions.

Fixed spreads accounts: The spreads stay fixed and do not vary no matter what the volatility is in the markets. 

  • Leverage up to 1:400
  • Spread 2 pips
  • Full margin capability
  • No commission

Variable spreads accounts: You can expect a spread that will, at times, be as low as 0.3 pips depending on the instrument being traded and the level of market volatility.

  • Leverage up to 1:200
  • Spread from 1.2 pips
  • Stop out 25%
  • No commission

ECN accounts: The FXORO ECN enables clients to trade on tight bid/offer spreads, which are as low as 0 pip on all majors in normal market conditions but which fluctuate according to market volatility. 

  • Leverage up to 1:100
  • Spread from 0 pips
  • Stop out 50%
  • Commission $6 per lot

Islamic swap free accounts: available

Payment Options with FXOro

Payment methods: credit cards, wire transfer, skrill, neteller, ecoPayz, CashU

Expert advisors: yes

FXOro Customer support and representative assistance

Customer support: phone, online chat, email

How was the rating of FXoro performed compared to other brokers? 

This 2018 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on FXoro FX broker performance and features. 

Overall our online FXoro review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online FXoro or you find inaccurate details FXoro broker review please get in touch with us and the changes will be applied.  

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