✔️ 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.
Hello,
I am from Mexico and I invested in fxoro 3 days ago, according to what they sold me a course but they did not tell me how to operate, they only wanted to ask me for more investment money, I told them no.
They have told me to make 2 movements but they do not give me a logical explanation.
Now my question, could you try to lower the money or do I have to ask you for support directly?
The “chargeback” charges some commission for the support, the thing is that I did not put in that much money, 100 USD and I want to weigh whether it is better for me to let it lose or if it is possible to recover it.
Thank you very much for your support
El
Hello Sonia, 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.
Hello Sonia, they are garbage, they will not give you anything back, they are trained to scam, a certain JUAN V. is a guy trained to scam, they are all garbage there, the course is a lie, that's what they tell you to get you in, when in reality When push comes to shove, they only put you into surgery so that you lose everything, they are thieves, a scourge of company, all trained to defraud, especially the bastard JUAN V.
It is the worst trading broker there are some scammers make you believe that you are earning money when it is a lie because when you think to withdraw part of your profit they do not allow you and there they lose contact with Tigo they scammed me $700 and it was no more because I gave up account on time this is the supposed number of them that works in Colombia Bogotá +57 35799097749 keep it in mind in case they are called from that number
Hello Alexander, they never return anything, the money that the clients send is never put into the market, so the only interest they have is that the clients lose it to keep it, what the 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 was scammed by this company, I wrote to them on Instagram, a young man called me immediately, telling me that this company was the best and that they gave continuous advice and that the profitability was high, well, I started operations with $150, after that deposit he called me my supposed agent and he called me in a single day at least 30 times to deposit more and more money, he told me what operations to open, since I entered it was negative and he called me to put more money and not lose and open more operations , on the 10th I woke up I opened the account and zero dollars in 10 days I lost 6500 dollars, they never called me again and they never answered my emails and even less the phones. They are scammers.
Hello Francisco, they never return anything, the money that the clients send is never put into the market, so the only interest they have is that the clients lose it to keep it, what the 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.
Hello! I'm Melissa, I invested little in FXORO, they told me that in a week I was going to recover my investment, I deposited $200.00 USD, and it's been a week and they haven't spoken to me. I already lost my money.
Hello Melissa, even if you send the documentation, they never return anything, the money that the clients send is never put on the market, so the only interest they have is that the clients lose it to keep it, what the 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.
I have been approached by a lady, her name is PIA, she has convinced me to deposit the money, then I have seen the complaints, I have told her that I was not going to proceed to open the account and that they please revert the money to the card that was NOT I thought I opened the account, because first they tell you that you must open the account… otherwise they cannot operate…
They ask you for all your documents, such as credit card and ID information, bank statement ... I told them that I was not going to send them anything, they REQUIRE me to send the documents to be able to return the money !!!
a guy called me all with a loud voice that is the regulation of his company that they send him the documents to be able to return the money..., SCAMMERS...
Hello Jenny, even if you send the documentation, they never return anything, the money that the clients send is never put on the market, so the only interest they have is that the clients lose it to keep it, what the 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.
Friend, place the transaction as "unrecognized" and make the cancellation on the card, this BROKER is a scam, they are thieves, these guys are shameless, they are a scourge of a company WHERE they do not have Clients, they are SCAMMED, everyone who gets involved to "invest with them", you get scammed, they are rubbish, thieves, scammers and sinics.
Hello, do you know if the fourth capital is safe, and the regulatory block chain? I'm afraid it's a scam. Thanks
Hello, we are reviewing several reviews at the moment, but we will put yours as a priority to be able to rate this broker. Can you provide us with the website? Thank you.
Hello good. Precisely today I have been in contact with FXORO to register with this Broker, but I have only given them my information and I have not made any purchase, they will call me at the end of the month to formalize the purchase. But after talking with them I have connected to the internet and I have looked for information about this Broker and it seems to be a scam or at least not highly recommended.
Can you give me some advice to weigh the investment? Thank you so much
Hello Manuel, the best advice I can give you is not to be convinced since they are specialists in manipulating people, I assure you that everything you invest you will lose, so keep that in mind and look to invest in a serious broker and professional, real brokers do not call you at home insisting that you invest.
Greetings.
How to do together so that these brokers fall that are pure scams, let's join forces so that they stop deceiving honest people
Hello Alexander, reporting to the police and local courts in each country and writing in forums like ours so that it is known what they do and how they do it.
Greetings.
Hello, I was invited to invest in Amazon through FXORO, what is your opinion?
Hi Elena, they never return anything, the money that customers send is never put into the market, so the only interest they have is that the customers lose it to keep it, what the customers 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.
Hello friend Elena
I will tell you about my experience, they told me the same thing about Pfiser, it was a "gold mine and that through FXORO (BASUSRA) we could earn a lot", now they mention AMAZON to you because Black Friday is coming that in my experience in FOREX in these days the shares go down, so what they want is for you to enter, over leverage to "double the account" (the lie) and make you lose EVERYTHING.
FXORO is a company whose only PURPOSE and OBJECTIVE is to scam people, there are already hundreds of complaints against them, if you search on social networks, like Facebook, they have NO followers, and the few people who comment on them insult them as THIEVES.
They are cynical and thieves like the imbecile Juan V. Juan V. FXORO [email protected] who has been trained to STEAL, bastard type, thief, mediocre, the HP, of what he "STEALS, he WINS", their motto is: "Robbing everyone is possible" as I saw in a comment on a page.
Greetings friend and learn from others so that they will NOT scam you, 100% sure they will scam you if you enter.
Hello Oscar, very good explanation!!! They never return anything, the money that the clients send is never put on the market, so the only interest they have is that the clients lose it to keep it, what 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.
I've been robbed!
Those guys are assholes, I deposited $200 with them, they made me earn $65 in a week, but I saw that in several forums they were talking about being a scam, I made the withdrawal request more than 1 month ago and they don't answer my emails, the customer service number DOES NOT connect the call, they are scammers, thieves, garbage, these assholes are shit.
A certain: Andrés Hidalgo Castro, sends a market webinar, but they only do it to steal, in reality those Gil de M don't know anything.
I read in comments below that they sent emails to notify Roma that they were thieves, another team that these bastards sponsor is: Djurgårdens IF Fotboll, a Swedish team
https://dif.se/
https://dif.se/foretag/partnerskap/vara-partners
Email from the team where you can comment that FXORO are thieves: [email protected] .
The contact email for sponsors of this team is: [email protected]
You have to translate it into Swedish and warn them that those assholes are scammers
Official page of the DIF team:
https://dif.se/
https://dif.se/foretag/partnerskap/vara-partners
Hello Ale, you have to write to this team so that they know the kind of scam they are doing and that they are being used to make FXORO appear legal or serious. They never return anything, the money that customers send is never put into the market, so their only interest is that customers lose it to keep it, what customers 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.
Thanks to you for warning us about these asshole THIEVES, if they are not able to return $265, they are not able to return what they ask for, which is $2,000 or more, since what their advisors say "what you earn, I earn" , what they really mean is: “what I STEAL from you, I WIN”.
Hello Ale, you have to write to this team so that they know the kind of scam they are doing and that they are being used to make FXORO appear legal or serious. They never return anything, the money that customers send is never put into the market, so their only interest is that customers lose it to keep it, what customers 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.
Many very insistent and kind will cajole you first with a small amount and a supposed bonus that they give, they will always ask you for more money saying that the opportunities only occur with amounts of 1,000 dlls and above. They never support you in trading and leave you alone when you trade. They say that they only inform you of possible opportunities. You are going to lose money with them, it is a scam, the META 4 platform does not know how a scam broker allows.
Hello baddyboy, they never return anything, the money that customers send is never put into the market, so the only interest they have is that customers lose it to keep it, what customers 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.