Forex Brokers

FXORO

FXORO is a broker that provides online foreign exchange and CFD trading services.

FXORO is a broker that provides online foreign exchange and CFD trading services. It was established in 2012 and its administrative center is located in Limassol, Cyprus. FXORO currently holds a full license from the Cyprus Securities and Exchange Commission and a retail foreign exchange license from the Seychelles Financial Services Authority.

Main business

FXORO provides traders with financial trading products including foreign exchange, commodities, CFDs, indices, cryptocurrencies, etc.

Leverage & Account

To meet the trading needs of different traders, the formula provides two types of accounts, namely fixed spread accounts and floating spread accounts. The maximum trading leverage for both accounts is up to 1:400. In addition, Islamic accounts that are exempt from overnight interest are offered to Muslim traders.

Spread & Commission Fees

The spread for the fixed spread account is 2 pips, and the spread for the floating spread account starts from 1.2 pips. No commission is charged for trading on both accounts.

Trading Platform

FXORO provides traders with the leading MT4 trading platform on the market. The trading software has advanced charting functions, 100% customizable, supports multiple languages, has a user-friendly interface, is flexible and easy to use, and can quickly response. The complete trading function of FXORO Webtrader is based on the perfect compatibility with MT4, allowing traders to achieve convenient trading directly from mobile devices, tablets, Android or iOS.

Deposits

FXORO provides traders with a variety of deposit and withdrawal channels, mainly VISA/MASTERCARD, Maestro (support USD, EUR, GBP, CHF, no commission), wire transfer deposit (support EUR, GBP, CHF, no commission) or 4% commission, depending on the region), Skrill, NETELLER (supports USD, GBP and EUR, no commission), Globepay (supports USD, no commission). Withdrawal methods mainly include VISA, MASTERCARD, Maestro, JCB, UnionPay (supports EUR, USD, GBP, CHF, and a fee of USD/EUR/GBP/CHF is required for withdrawal), SEPA (minimum charge of 5 USD/EUR/GBP/CHF for withdrawal) USD/EUR/GBP/CHF, up to 1405 USD/EUR/GBP/CHF handling fee), wire transfer SWIFT (1-700 USD will be charged a 35 USD handling fee, more than 700 USD will be charged a 5% handling fee), Skrill (charges 5 USD/EUR/GBP, if it is more than 500, charges 1%), NETELLER (charges 15 USD/EUR/GBP for withdrawals, if it is more than 1500, charges 1%), Globepay (charges 5 USD/EUR/GBP, if it is more than 500, 1% fee), DivePay (charges 5 USD/EUR/GBP for withdrawals, if it is more than 500, 1% fee), Jeton ($1-$500 fee in EUR 5, more than 500 fee 1% fee).

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