✔️ Information reviewed and updated in April 2024 by Pedro Martínez González
In this section we will tell you if we consider that the company FXORO is a safe company or an untrustworthy company. Read our full analysis to find out everything!
We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...
Below we will show you essential information about FXORO and we will tell you why we came to such a conclusion:
Basic Information
| 🌐 Website | fxoro.com |
| 🏠 Company | MCA Intelifunds Ltd |
| ️ Regulatory | CySEC |
| [email protected] | [email protected] | [email protected] | [email protected] | |
| 📈 Leading | MetaTrader4 (MT4) |
| 📌 Direction | Petrou Tsirou 82, Mesa Geitonia, 3076, Limassol, Cyprus |
| 🕑 Website age | Website registered on: September 08, 2011 |
| ❓ Company type | Forex Broker, Shares, Commodities, Indices, CFDs, ETFs |
Company: FXORO is owned by MCA Intelifunds LTD.
Location: FXORO mentions being located in Cyprus, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.
We can already tell you that we are concerned about several characteristics of this company.
What is FXORO?
After having carried out an analysis of the company's website, we can say that FXORO is a broker for Forex, Shares, Commodities, Indices, CFDs, ETFs.
Account types
The company does not provide information about having different types of accounts.
| Account type | Minimum initial deposit |
| Fix | $0 |
| Floating | $0 |
Information on the web
Here we show you a screenshot of the FXORO website, which is fxoro.com. The capture was made in December 2023.
Contact: phone numbers and email
After having performed an analysis of the website:
– We have found the following phone number: +442031290670
– We have found the following email: [email protected] | [email protected]
| [email protected] | [email protected]
FXORO Regulation
We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:
This company mentions being regulated in Cyprus, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately FXORO is a completely dangerous and very unsafe broker.
🚫 FXORO Final Valuation 🚫
As you can see, we have carried out a detailed and complete analysis of the most important characteristics of FXORO and we have reached the following conclusions about this company:
Location: They mention being located in a VERY UNSAFE location such as Cyprus.
Regulatory: They mention being regulated by a very unserious and, above all, unsafe regulator, such as Cyprus. There is a clear lack of security at the regulatory level.
We noticed that the company apparently is linked to scam companies or companies with a very bad reputation.
In conclusion, when analyzing FXORO and its location in Cyprus, a place known for its light regulations, along with the accumulation of negative user reviews, a disturbing picture presents itself. Regulatory laxity in Cyprus raises investor protection concerns. The presence of numerous negative reviews suggests problematic experiences on the part of users. Given this combination of factors, our recommendation is clear: do not invest or carry out operations in FXORO. Selecting platforms with strong regulations and a positive reputation is essential to safeguard your investments and ensure a safe financial experience.
Updates
News about FXORO:
| Date | Update – news |
|---|---|
| August 2022 | We receive a lot of messages from FXORO clients claiming FXORO is associated with sagatrade, a broker with a lousy reputation and complaints against him |
Video about FXORO
User Reviews
What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with FXORO.
At the end of the review you will find customer comments.
How to Claim Money Scammed by FXORO
If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.
How to Report FXORO
If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.
FAQs
Are there (recommended) alternatives to FXORO?
Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.
How can I report FXORO?
This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.
Is FXORO reliable?
No. FXORO is not reliable, it is a very unsafe company: 1) The broker is located in a country considered unsafe 2) The regulation it has is not of good quality 3) is linked to a scam company (sagatrade)
How to recover money from FXORO?
If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.
They contacted me through Investin, a girl named Sofía convinced me. It took about two weeks that this broker was suitable for me. It was regulated between a minimum of 100 dollars and that it had an accessor. Well, yes, she told me to go into forex and buy 5 times the dollar with the eur. usd what a surprise my capital began to be lost that quickly it only took 24 hours my capital was lost it is a fxoro scam
Hello Tomas, they never return anything, the money that clients send is never put into the market, so the only interest they have is for clients to lose it so they can keep it, what clients see is an accounting entry in the platform, but it is as if it were a simple DEMO.
Thank you for commenting on FXORO. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Happy day, these guys are scammers, “we are experts in risk management”, “we are recommended”, we are going to give you the “tools”, they are liars, HP thieves, trained to steal, here is a video of a telephone conversation, full of lies, I share so that you do not fall into this scam called FXORO.
regards
Hello Oscar, they never return anything, the money that clients send is never put into the market, so the only interest they have is for clients to lose it so they can keep it, what clients see is an accounting entry in the platform, but it is as if it were a simple DEMO.
Thank you for commenting on FXORO. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
I share a link with proof that their instructions are “garbage” and the moment it goes wrong, they no longer respond, they “boast” by saying that they are “experts in risk management”, who make their clients (Scammers earn ), when all that is a lie, and on the same page it says that FXORO (TRASH, CAC@), they do not advise, from there the first lie
I leave here the experience with Juan V's garbage. [email protected]
They are scammers, they tell you a lot of lies, they pretend to be victims to really believe, they are serious people, do not believe in the brokers that start with FX because they are the same already organized people, they also scammed me.
Hello Eduardo, they never return anything, the money that clients send is never put into the market, so the only interest they have is that clients lose it to keep it, what clients see is an accounting entry in the platform, but it is as if it were a simple DEMO.
Thank you for commenting on FXORO. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.
Last August 18, I entered a page to learn about a trading course, I was immediately contacted by phone by a woman who introduced herself by the name of Yorjelis Castillo from the FXORO Broker and told me that it would be better to enter with them with a minimum amount to earn money and thus learn better, he convinced me because of his charm and opened an account for me on his platform and there I made the initial deposit of $260 USdlls. He told me that in the following days my assigned Account Manager would contact me to teach me how to manage the account. Three days later, a person named Andres Mendoza contacted me and told me to register the account now in Metatrader to carry out the operations. ; opening positions for sale and another for purchase depending on how to ensure the profit and it turned out that with the sale I earned $254 USD that first time, he told me that if with that initial investment, I earned 100%, what would it be if I invested more, I He said - then he encouraged me to put more money - and yes, I obtained profit from the purchase (up) in those positions but, the sell position (down) became larger and the negative could not be closed because it would be a loss.
So he told me that I had to increase the capital so as not to put the margin at risk and lose everything, so I deposited $100, $200, $500, $1000 until I reached $3,460 USD. Upon seeing this I requested a withdrawal of $2,000 to prove that I could get my money back; saying there was no problem. Two days later, another very kind person contacted me to say that he would be in charge of the withdrawal process, he introduced himself as Gustavo Bravo and that he would help me better, to withdraw the total that arrived in the balance of $10,125 usd, which convinced me, but…. I had to open an account on Binance so that their deposit would be more effective and faster and from there I had to transfer a minimum of $2,000 to open a transactional channel of accounts.
Now I realize that I was a fool when I believed him that and since Binance handles cryptocurrencies I would have to deposit a little more due to the fluctuation of cryptocurrencies so I got carried away by what he told me and transferred them $2,200 usd but this is not all , the last straw tells me: that they only received $1,956 usd due to the volatility of the cryptocurrency and thus, their system did not operate, I would have to deposit not to complete the $2,000 but another $2,200!!!! . Annoyed, I told him that that was not possible and that I was not going to deposit more; to return the $2,200 plus my capital $3,460 in total $5,660.00 USD To date my account is blocked until I deposit more.
I tell it in detail so that someone else does not fall into this trap and if they can help me get my money back.
Hello Jesus, thank you for your detailed explanation, I'm sure it will be very useful, they never return anything, the money that clients send is never put into the market, so the only interest they have is that the clients lose it to keep it. , what clients see is an accounting entry on the platform, but it is as if it were a simple DEMO.
Thank you for commenting on FXORO. This broker is a SCAM. Do not send them money, they want to get as much money as possible with lies, the operations are not real, they do not put the money in the market, they just make it look and in the end they tell you that you have lost and they keep it.
If to withdraw your money they ask you for more to pay taxes, fees, legalizations, etc. Do not do it! It is a clear sign that they want to steal your money and they will not return anything even if you pay.
If you have more information about the company, we ask you to share it with us, especially if it is information that you think can help other people investing with this company.
Do you have names of advisers, numbers, emails from which they have contacted you? Do you remember how you found this broker in the first place?
To get your money back, try our chat or this link: CLAIM YOUR MONEY, WE HELP YOU
Greetings.