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Fxoro group includes 2 related companies.
Fxoro CY - located in Cyprus, regulated by the Cyprus Securities and Exchange Commission (CySEC).
Fxoro SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Be aware, CY company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Fxoro group accepts clients from all over the world, excluding USA, Canada, Iran and some other OFAC sanctioned countries.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 11 Crypto Pairs | Based on Bitcoin, Litecoin, Ethereum, Bitcoin, Litecoin, Ethereum, Dash, Dogecoin, EOS, Stellar, NEO. |
| 12 Indice CFDs | Based on baskets of different blue-chip stocks and one 'Crypto 10 Index'. |
| 4 Metal CFDs | Based on Gold, Silver, Platinum and Copper. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 7 Soft CFDs | Based on Coffee, Sugar, Corn, Wheat, Soybean, Cotton, Cocoa. |
| 70+ Stock CFDs | Based on shares of US, German, Italian and Swedish companies. |
| 10+ ETF CFDs | Based on exchange-traded funds containing various tradable assets. |
Fxoro is a forex broker with entities regulated in Cyprus and the Seychelles that offers trading in a whole range of instruments on the legendary MetaTrader 4 (MT4) platform.
One nice detail that makes Fxoro stand out from many other brokers is the free access to Trading Central services that is offered. Among these services is the “Analyst Views” commentary section, a free strategy newsletter, and access to the smart widget known as “TC Market Buzz,” which helps traders spot trending investment and trading opportunities.
Another thing we really like about Fxoro is the very wide selection of trading instruments this broker offers. This does not only include one of the largest selections of trading instruments in the industry, but also stocks from more than 70 companies listed in the US and Europe, commodities such as oil, gas, metals and various agriculture products, more than 10 exchange-traded funds (ETFs), and a number of popular cryptocurrencies.
Not surprisingly, all of the instruments offered are traded on the MT4, which is the only trading platform supported by Fxoro. As usual, however, the platform can be used in either its standard downloadable version for Windows computers, or as a web-based platform for any type of computer. In addition to that, mobile trading via the MT4 mobile app is available on both Apple and Android devices.
When signing up with Fxoro as a new user, it’s necessary to choose which type of trading account to trade with. For EU-based clients, Fxoro has three choices for this:
– Fixed spread account where spreads start from 2 pips with no commissions
– Floating spread account where spreads start from 1.2 pips and may move both higher and lower depending on market conditions, also with no commissions
– ECN account where spreads start from 0 pips and commissions of $6/€5/£4 per lot
Meanwhile, non-EU users have access to the same Fixed spread and Floating spread accounts, but unfortunately no ECN account. This is a bit unfortunate for these users, and actually make Fxoro a less attractive broker for those who are trading with larger accounts and often prefer ECN-style trading.
For all trading accounts, the leverage goes up to 1:400 for non-EU users trading under the Seychelles-regulated (FSA) entity, and 1:30 for EU-based users trading under the Cyprus-regulated entity.
Worth noting is that it is also possible to open Islamic accounts for those who want a swap-free trading account for religious reasons. In addition, corporate accounts for companies that want to register trading accounts in their own names are also available.
To fund a new trading account, Fxoro clients can use Visa or MasterCard, make a bank wire transfer, or set up a transfer with the e-wallet Globepay. Card and bank payments can be made in EUR, USD, GBP or CHF, while Globepay payments can only be made in USD.
All funding methods are accepted free of charge by the broker.
Unfortunately, Fxoro does not accept deposits or withdrawals with cryptocurrency. This is despite its main branch being registered offshore, which means that there is no real legal obstacle preventing it from doing it if it wanted to.
In conclusion, it’s important to note again that Fxoro is at least partially registered in the offshore jurisdiction known as the Seychelles, where the regulatory oversight of forex brokers is limited at best. This means that there is a certain risk when using this broker, for instance in the event of a bankruptcy.
For those who have done their due diligence and still want to give it a shot, however, Fxoro could certainly be a good broker to trade with, particularly thanks to the very wide selection of assets that is available here.
