✔️ Information reviewed and updated in February 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:
|MCA Intelifunds Ltd
|[email protected] | [email protected]
| [email protected] | [email protected]
|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.
The company does not provide information about having different types of accounts.
|Minimum initial deposit
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 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.
News about FXORO:
|Update – news
|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
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.
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 is located here. We explain in detail the process of recovering money from a scam company, step by step.