What is FXORO?
FXORO is a forex and CFD broker based in Cyprus, listed with a foundation year of 2012. It offers leverage up to 1:400, spreads from Spread from 0 pips and a minimum deposit of $250. Clients trade on MetaTrader 4 and on mobile.
Is FXORO safe and regulated?
FXORO is regulated by CYSEC License number: 126/10. This is a tier-1 regulator with strict capital rules, segregated client funds and, in many cases, an investor compensation scheme.
Safety checklist before you deposit
- Search licence 126/10 on the official CySEC register and confirm the company name matches.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
FXORO account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | Yes |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
FXORO provides MetaTrader 4, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from Spread from 0 pips on major currency pairs.
- Leverage up to 1:400 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
FXORO supports 4 funding methods, including Bank transfer, credit card, Skrill, Neteller. Accounts can be held in 2 base currencies (USD, EUR & More), which helps you avoid conversion fees.
FXORO bonus: Yes
How the promotion works
The current FXORO promotion is Yes. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the FXORO website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
FXORO pros and cons
Pros
- Scalping and hedging allowed
- News trading allowed
- Islamic, VIP, Mini and managed accounts
- Regulated by a tier-1 authority
Cons
- $250 minimum deposit is higher than some rivals
How to open a FXORO account
- RegisterVisit the FXORO website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick Islamic, VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $250 with Bank transfer, credit card, Skrill or another method.
- Start tradingLog in to MetaTrader 4 or the mobile app and set your risk per trade.
Is FXORO a good broker? Our verdict
FXORO suits active traders who want freedom to scalp or trade the news. Its tier-1 regulation adds a strong layer of client protection. Start small, test a withdrawal, and only trade money you can afford to lose.