Overall Rating: ★★☆☆☆ (2.6/5.0)

FXORO is a Cyprus-based forex and CFD broker operated by Oro Financial Services Ltd and regulated by CySEC since 2012. It offers trading across a wide spectrum of 500+ instruments, including forex, stocks, indices, cryptocurrencies, and commodities. The broker uses the MetaTrader 4 (MT4) platform and caters to both retail and professional clients through flexible account types, including Islamic and demo accounts. FXORO also operates an international arm regulated by the FSA Seychelles, enabling broader global access with higher leverage.

While the broker provides basic educational tools, a strong regulatory framework, and solid platform accessibility, traders may be put off by its higher-than-average spreads, limited education, and an inactivity fee that penalises dormant accounts after just three months. This FXORO review analyses whether it offers enough value to justify its place in today’s highly competitive brokerage market.

Key Features

FXORO is positioned as a multi-asset broker catering to both beginners and experienced traders. Its core offering is functional but basic, lacking some of the advanced tools offered by modern brokers.

Trading Platform:

• MetaTrader 4 (MT4) – available on desktop, mobile, and web

Markets Offered:

• Forex, indices, commodities, stocks, cryptocurrencies, and ETFs (via CFDs)

Account Types:

• Fixed Spread, Floating Spread, ECN
• Islamic and demo accounts available

Leverage:

• Up to 1:30 for EU clients under CySEC
• Up to 1:400 through FXORO Global (FSA Seychelles)

Execution:

• Instant execution for Fixed and Floating accounts
• Market execution for ECN accounts

FXORO’s account variety and market coverage make it accessible for different trading styles—from low-risk strategies to high-risk leveraged positions.

Regulation and Security

FXORO operates under two regulatory regimes, each offering a different level of protection.

European Clients – FXORO EU

• Regulated by CySEC (Cyprus Securities and Exchange Commission)
• Licence No. 126/10
• Member of the Investor Compensation Fund (ICF)
• Client funds held in segregated accounts
• Negative balance protection offered to retail traders

International Clients – FXORO Global

• Regulated by the Financial Services Authority (FSA) of Seychelles
• Offers higher leverage but lower regulatory oversight

This dual structure allows FXORO to serve both EU and global clients, though traders outside the EU should be aware of the reduced investor protection provided by offshore regulation.

Pricing and Costs

FXORO’s cost structure is serviceable but lacks the competitive pricing seen with many top-tier brokers.

Spreads:

• Fixed Account: From 2.0 pips
• Floating Account: From 1.2 pips
• ECN Account: From 0.3 pips + commission

Commissions:

• ECN Account: $6 per lot round-turn

Minimum Deposit:

• From $200 depending on account type

Deposit & Withdrawal Fees:

• No deposit fees
• Withdrawal charges may apply based on payment method

Inactivity Fee:

• $25 if the account is inactive for more than 3 months

Swap Fees:

• Overnight swap charges apply on leveraged positions

FXORO’s pricing model may be acceptable for casual or beginner traders, but more experienced users will likely find better value elsewhere.

Educational Resources and Customer Support

FXORO offers a basic educational suite and responsive customer support, though the lack of live training and interactive content is a drawback.

Education:

• eBooks
• Platform tutorials
• Trading glossary
• No webinars or advanced training modules

Market Research:

• Economic calendar
• Market summaries
• Partnered with Trading Central for enhanced technical analysis

Customer Support:

• Available 24/5 via live chat, phone, and email
• Multilingual service for international clients

While Trading Central is a strong feature, the absence of deeper educational programs limits FXORO’s appeal for traders looking to sharpen their skills.

Risk Management Tools

FXORO offers standard MT4-based risk controls and complies with regulatory requirements for client protection.

Available Tools:

• Stop-loss and take-profit orders
• Trailing stops
• Margin alerts
• Negative balance protection for EU retail clients
• Segregated funds for capital safety

What’s Missing:

• No guaranteed stop-loss orders (GSLOs)
• No custom risk dashboards or volatility alerts

Risk management is compliant, but basic. FXORO does not offer premium or proprietary tools for advanced risk control.

Pros and Cons

✔ Pros

• Regulated by CySEC, with ICF membership
• Access to 500+ tradable instruments
• Flexible account types including Islamic and demo options
• MT4 platform supported across all devices
• Integration with Trading Central

✖ Cons

• Spreads are wider than competitors
• $25 inactivity fee after 3 months
• No MT5 or proprietary platforms
• Educational tools are limited and outdated
• Offshore regulation lacks the transparency of Tier-1 jurisdictions

Conclusion: Is FXORO the Right Choice?

FXORO is a broker that combines regulatory reliability with solid platform access and a broad range of instruments. It may suit beginner or intermediate traders seeking a straightforward way to trade across multiple markets using MT4.

However, its limited educational support, higher-than-average spreads, and inactivity penalties make it less attractive when compared with more competitive brokers like Pepperstone, IC Markets, or AvaTrade.

Traders prioritising low costs, cutting-edge tools, and deeper educational content will likely find better alternatives elsewhere.

FAQ

Is FXORO a regulated broker?
Yes. FXORO is regulated by CySEC in the EU and FSA Seychelles for international clients.

Does FXORO offer MT5?
No. FXORO currently only supports MetaTrader 4 (MT4).

Are there inactivity charges?
Yes. A $25 inactivity fee applies after 3 months of no trading activity.