What is FxOro?
FxOro is an online forex and CFD broker that offers trading services across various financial instruments, including currencies, commodities, and indices.
When did it start operations?
FxOro was established in 2012.
Where is its headquarters?
The company is headquartered in Cyprus.
In which countries is it banned?
FxOro may be restricted in certain jurisdictions, particularly in countries with strict regulatory environments such as the United States and some EU countries.
Pros and Cons
Advantages:
- Wide range of trading instruments available.
- Competitive spreads and flexible leverage options.
- User-friendly trading platform with advanced tools.
- Educational resources and market analysis provided.
Disadvantages:
- Limited regulatory oversight compared to larger brokers.
- Customer support may be slower during peak times.
- Withdrawal fees may apply for certain methods.
Trading Instruments
What instruments can I trade?
You can trade various instruments, including:
- Forex pairs
- Commodities
- Indices
- Cryptocurrencies (in some cases)
Fees
What are the trading fees?
FxOro generally offers competitive spreads, starting from around 1.2 pips. Specific fees may vary based on the asset class and account type.
Scalping
Does it allow scalping?
Yes, FxOro allows scalping strategies on its trading platform.
Trading Platform
Is there a trading platform?
Yes, FxOro provides its own trading platform, as well as access to MetaTrader 4 (MT4), which is widely used by traders.
Margin Trading
Is there leveraged or margin trading?
Yes, FxOro offers margin trading, allowing traders to utilize leverage. Leverage ratios can be as high as 1:500, depending on the asset class and regulatory requirements.
