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

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/

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Netherlands 3.10
Surpassed 62.00% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+44 2031290670
cs@global.fxoro.com
https://orofintech.com/
Suite 3, Global Village, Jivan’s Complex Mont Fleuri, Mahe, Seychelles
The WikiFX Score of this broker is reduced because of too many complaints!
VPS Standard
No restriction on the broker account

Single Core

1G

40G

1M*ADSL

Open
WikiFX Risk Alerts
2025-05-01
  • 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!
4

Basic Information

Registered Region
Seychelles
Operating Period
10-15 years
Company Name
MCA INTELIFUNDS LTD
Abbreviation
FXORO
Company employee
--
Customer Service Email Address
complaints@global.fxoro.com
Contact Number
+442031290670
Company Website
Company address
Suite 3, Global Village, Jivan’s Complex Mont Fleuri, Mahe, Seychelles

Avvocato Penalista

United Kingdom

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.

Exposure

03-03

FX1678463793

India

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.

Exposure

01-29

FX5954550692

Saudi Arabia

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

Exposure

2024-11-20

FX5954550692

Saudi Arabia

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

Exposure

2024-11-18

FX1743953682

Italy

FXORO will not, at any time during the investment or at other times, make any investment recommendations to the client. Therefore, my account manager has acted illegally. For this reason, I have filled out the complaint form and sent it to the complaints office. After one week, they offered me 34% of the amount. Certainly, I did not accept it. If they do not reimburse me 100%, I will ask the Cysec department to investigate my case and take disciplinary measures, including fines, regarding the behavior of MCA Intelifunds Ltd. On the official Cysec website, on April 19, 2024, the document was published where: MCA Intelifunds Ltd was fined 360,000 euros.

Exposure

2024-10-17

pasquale maurizio russo

Italy

MCA INTELIFUNDS LTD and ORO FINTECH LTD operate the same website FXORO. In the Fxoro documents - Pillar III Disclosures - it is clearly stated that: Cites Dor Financial Holdings Ltd is the parent company of MCA Intelifunds Ltd. Then I checked the document on CONFLICTS OF INTEREST POLICY - Fxoro is not authorized to provide advice. Fxoro has also stated in writing RISK WARNING/ FXORO will not, at any time during the investment or at other times, provide the client with financial investment advice. If they advise you something over the phone, do not accept it unless it is via email. This month I finally decided to report the account manager to the Public Prosecutor's Office. I already know his exact first name and last name, his name is STEFANO RIGA and he is from Messina.

Exposure

2024-09-25

BLIMBLIM

Mexico

To whom it may concern... I was robbed, scammed, outraged... Interested in the financial world, I trusted this bloker, and it is unfortunate that there are people who take advantage of people like me, who in seeking a good future is a matter of income, saving hard to achieve an investment and that right off the bat these HDPs took it, investing 990°°Dls and in a matter of hours they left me with nothing and even with a debt to the bloker, my account was clearly manipulated because the movements made as much as The closures are something that I have never done, upon noticing this fact, I started to call them send imei and they never responded, when they left my account at zero they started to send me imei that I should make movements in my operations but that it will not close anything, something that already I still miss more if I understood their game and was clearly aware that it had been stolen, I felt a very great disappointment, apart from being able to recover what was stolen, it is good that they can alert others, because while one looks for new ways to change one's standard of living with a job difficult, this HDP takes advantage of you.... They put positive comments in FORUMS like this to confuse potential investors, but they are a FRAUD..... Without further ado, for now, I appreciate your attention, I am waiting for a prompt and good answer.

Exposure

2023-11-02

Raffaele

Italy

According to the regulation, signed by me, Fxoro "does not offer financial advice or guidance to customers". Then this account manager (call center operator) Davide Antona of Fxoro acted illegally. For this reason I presented an official complaint to the Fxoro complaians who only offered me 12,000 euros and which I refused. I will submit an official complaint to the financial ombusfman of Cyprus if Fxoro does not refund my entire capital (21,000 euros).

Exposure

2023-10-20

Jorge Wunderli

Paraguay

They provided me with an advisor to guide me in the operations, initially they asked me for 200 usd the advisor told me to open several operations in purchase and sale each one until exhausting all the marguen of my account, during 3 days I received daily his call, requesting to close the operations that were in positive, leaving to follow the operations in loss, However, every day he asked me to enter more capital to take advantage of investment opportunities which I did not agree to, then he stopped calling me and the negative operations that were not closed plus the swap costs burned my account in just two weeks, please keep in mind not to incur in the same with this broker.

Exposure

2023-05-07

Low Fred

Salvador

They scammed me by telling me to invest in a meta traders application 4 in which every time they made me invest money telling me that I would make a profit but instead of earning, I lost all my capital which is a fraud and I would like to recover my lost money

Exposure

2022-10-25

FX6283185592

Argentina

Be very careful. They will cheat from the first moment. I opened an account in FX GOLD and it went very well at the beginning. In just 15 days and with an account of 250 USD, I already have a profit of 1250 USD. Now, I want my money back to pay debts, but they don't return it to me. Everything is manipulated and I realize that it is a scam. Be very careful.

Exposure

2021-12-20

Yuri2

United States

good broker

Neutral

2024-04-18

Sohelmollah11

Spain

Not Bad

Neutral

2023-11-03

FX1283767917

India

Trading with FXOPRO for many years, and it always make me feel reliable. It is like a good friend. FXORO’ customer service is unparalleled, always here to help me fix problems. I guess it is difficult for me to find a better one.

Neutral

2023-02-24

free48279

Argentina

don't believe this so called forex broker, i don't know why this scammer can keep trading for more than a decade. keep an eye out so you don't lose money!

Neutral

2023-02-13

FX1023329039

United Kingdom

DON’T TRUST FXORO! DON’T OPEN AN ACCOUNT here. Their spreads are so high and totally manipulated. They use good return to seduce you, said if you put 200 euro, you would earn daily 20 euro more or less. Stay away from their website, they will probably scam you!

Neutral

2022-11-18

FX3833661412

Romania

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.

Positive

2024-10-10

Dreckyu

Nigeria

FXORO offers a variety of payment methods for traders to choose from, which is convenient. They have a clear commission structure, so traders can easily understand their costs.

Positive

2024-07-17

FX1665232766

Belarus

It is smooth and good in working and also very has fast execution

Positive

2024-04-19

A葉子

Hong Kong

Hey guys! Thanks for the excellent customer service and great platform! Nice and easy-to-use service. Good interface, and many trading pairs. I love it and recommend it!

Positive

2023-02-16

20
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Official website

Website

Most visited countries/areas

  • Hungary
  • Italy
  • orofintech.com

    Server Location

    United States

    Website Domain Name

    orofintech.com

    Server IP

    172.67.162.46

  • fxoro.com

Genealogy

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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
WebWeb/
MT4Web/ mobileBeginners
MT5/Experienced traders
MT4

Keywords

  • 10-15 years
  • Regulated in Cyprus
  • Regulated in Seychelles
  • Market Maker (MM)
  • Retail Forex License
  • Suspicious Scope of Business
  • United Kingdom European Authorized Representative (EEA) Revoked
  • High potential risk
  • Offshore Regulated

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