Contact an Account Manager to Explore Your Choices of FXORO Account Package, Sign Up Here: fxoro.com/sign-up/
FxOro is a subsidiary of MCA Intelifunds Ltd., which is a licensed and CySEC regulated company based in Limassol, Cyprus. FxOro was established in 2012 and offers a variety of different trading instruments and Forex products.
This comprehensive review of FxOro will give you everything you need to know about trading with this Forex broker.
Any credible Forex broker will offer its clients a diverse list of tradable assets. And FxOro does just that. An FxOro trading account provides you with access to 60 currency pairs alongside dozens of CFD’s in commodities, stocks, and indices spanning the US, UK, and Asian markets. Leverage for both currency’s and indices stands at 400:1.
FxOro runs on the MetaTrader 4 platform, the standard when it comes to trading platforms. MT4 is well known for its user-friendly interface, advanced charting capabilities, and support of automated trading – all within 128-bit key encryption. The MT4 platform can traded on the web, as a downloadable program, and as a mobile app.
FxOro offers 4 different account types to choose from.
- Fixed Spread Account – Requires a minimum deposit of $200 and comes with up to 400:1 leverage. With spreads starting at just 2 pips, there are no charged commissions.
- Floating Spread Account – Requires an initial deposit of at least $1,000 and comes with up to 200:1 leverage. No commissions and stop outs occur at 25% margin.
- ECN account – Needs a minimum deposit of at least $5,000 and comes with 100:1 leverage. There are no spreads, but trader’s are charged a $6 commission for every 1 lot traded.
- Islamic Account – Each of FxOro’s accounts are available in a Islamic-friendly version with no swaps or fees.
FxOro offers plenty of diversity. There’s bound to be an account type for all traders, no matter their trading style or account balance.
Apart from their trading products, we were impressed with the amount of educational material the broker provides. They cover everything from the Forex basics to trading jargon and up to market analysis, strategies and tactics. In addition to their written content, FxOro also provides 1 on 1 personal training for new and inexperienced traders.
All in all, FxOro is fairly impressive Forex broker with much to offer. They offer a wide range of instruments, and costs are relatively low. Recommended Forex broker.