Overall Score
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- Minimum deposit $100
- EUR/USD spread 0.1
- Supported assets 250
- Regulation CySEC, FSA (Seychelles)
users picked this broker in 3 months
Brief Look at FXORO
FXORO is an international online broker founded in 2012 and headquartered in Cyprus. It operates under the regulation of the Cyprus Securities and Exchange Commission (CySEC), ensuring compliance with European financial standards and offering a secure trading environment. FXORO specializes in CFD trading across multiple asset classes, including Forex, stocks, indices, commodities, and cryptocurrencies. One of the broker’s standout features is its flexibility in account types, catering to both beginners and experienced traders with fixed or floating spreads. FXORO provides access to the widely-used MetaTrader 4 platform, offering robust charting tools, fast execution, and support for automated strategies.
- Advantages
- Disadvantages
-
Regulated by CySEC
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Spreads from 0.1 pips
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Negative balance protection
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Crypto CFDs
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Limited education for beginners
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High spreads on fixed accounts
FXORO Key Parameters Evaluation
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Why trust us
Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Top Forex brokers vs FXORO
FXORO | FBS | FxPro | |
---|---|---|---|
TU overall score | 5.69/10 | 8.21/10 | 8.48/10 |
Max. Regulation Level
Tier-1 regulation represents the most stringent oversight by top financial authorities, ensuring the highest level of security and compliance. Tier-2 and Tier-3 regulations indicate moderate to lower levels of oversight, with varying degrees of investor protection.
|
Tier-1 | Tier-1 | Tier-1 |
ECN Spread EUR/USD | 0.1 | 0.1 | 0.2 |
ECN Commission | 3 | 3 | 3 |
Withdrawal fee, % | 3 | 3 | 3 |
Commissions and Fees
The trading and non-trading commissions of broker FXORO have been analyzed and rated as Medium with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, RoboForex and FxPro, to provide the most comprehensive information.
- Advantages
- Disadvantages
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Tight EUR/USD market spread
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No deposit fee
-
No withdrawal fee
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Above-average Forex trading fees
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Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of FXORO with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, FXORO’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
FXORO | RoboForex | FxPro | |
---|---|---|---|
EUR/USD min, pips | 0.12 | 0.5 | 0.9 |
EUR/USD max, pips | 0.6 | 2 | 1.7 |
GPB/USD min, pips | 0.18 | 0.5 | 1.2 |
GPB/USD max, pips | 0.7 | 1.5 | 1.4 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
FXORO | RoboForex | FxPro | |
---|---|---|---|
Commission ($ per lot)
The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency).
|
3 | 2 | 3 |
EUR/USD avg spread | 0.1 | 0.2 | 0.2 |
GBP/USD avg spread | 0.2 | 0.4 | 0.2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with FXORO. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
FXORO | RoboForex | FxPro | |
---|---|---|---|
Deposit fee, %
The indicated amount does not include possible fees from payment systems and banks.
|
0 | 0 | 0 |
Withdrawal fee, %
The indicated amount does not include possible fees from payment systems and banks.
|
0 | 0-4 | 0 |
Withdrawal fee, USD, %
The indicated amount does not include possible fees from payment systems and banks.
|
0 | 0-1.3 | 0 |
Inactivity fee ($, per month) | 25 | 0 | 15 |
Regulation and Safety
FXORO has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Advantages
- Disadvantages
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Tier-1 regulated
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Negative balance protection
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Track record over 13 years
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Strict requirements and extensive documentation to open an account
Abbreviation | Full Name | Country | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
Cyprus Securities and Exchange Commission | Cyprus | Up to €20,000 | Tier-1 |
Foundation date | 2012 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Deposit and Withdrawal
FXORO received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
FXORO provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Advantages
- Disadvantages
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No withdrawal fee
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Minimum deposit below industry average
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Low minimum withdrawal requirement
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Bank card deposits and withdrawals
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BTC payments not accepted
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BTC not available as a base account currency
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Limited deposit and withdrawal flexibility, leading to higher costs
What are FXORO deposit and withdrawal options?
FXORO provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, PayPal, Skrill, Neteller.
FXORO | RoboForex | FxPro | |
---|---|---|---|
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | Yes | No | Yes |
Wise | No | No | No |
BTC | No | No | No |
What are FXORO base account currencies? Base account currencies are the primary currencies in which trading accounts are denominated. They determine the currency used for deposits, withdrawals, and calculating account balances.Using a base currency that matches a trader's local currency can help avoid unnecessary conversion fees.
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. FXORO supports the following base account currencies:
What Are FXORO's Minimum Deposit and Withdrawal Amounts?
The minimum deposit on FXORO is $100, while the minimum withdrawal amount is $1. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact FXORO’s support team.
Trading Account Opening
We successfully registered an account with FXORO, which took only 25 minutes. The minimum deposit amount at FXORO is only $100.
- Advantages
- Disadvantages
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Quick online registration process
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Multiple account types for different trading styles
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Low minimum deposit
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Limited availability of base currencies
Minimum deposit | $100 |
Is it fully online? | Yes |
Registration time | 25 minutes |
KYC time | 2 working days |
Account currencies |
USD
EUR
GBP
CHF
|
Funding options | Bank Cards, Skrill, Neteller, Wire2pay, Bank transfer |
Required documents
Standard documents for identity and address verification
- - Passport
- - Driver’s license.
- - National ID card.
- - Internet bills.
- - Utility bills (electricity, water, gas).
- - Bank statements.
- - Official government-issued documents with address details.
The required document list may vary depending on your country of residence.
Account types
FXORO offers Standard, ECN, Swap Free, and Demo accounts, while Micro, Cent, VIP, and Managed accounts are not available.
Standard
A general trading account suitable for most traders, offering access to a variety of markets with standard spreads and conditions.
|
Yes |
ECN
Provides direct market access with raw spreads and low latency execution. Typically requires a commission per trade instead of a spread markup. Suitable for high-frequency and professional traders.
|
Yes |
Swap Free
Designed for traders who follow Islamic finance principles, eliminating overnight interest (swap) charges.
|
Yes |
Micro
Allows trading with micro-lots (0.01 lot = 1,000 units), reducing capital requirements and risk. Ideal for beginners and strategy testing. Availability and conditions vary by broker.
|
No |
Cent
Operates with cent-denominated balances (1 USD = 100 cents), allowing trades with micro-lot sizes (0.01 lot = 1,000 units). Suitable for beginners and low-risk strategies.
|
No |
Demo
Enables risk-free trading with virtual funds. Conditions may vary by broker.
|
Yes |
VIP
Offers premium services, lower fees, and dedicated support. Requirements vary by broker.
|
No |
Managed
A professional handles trading on behalf of the investor. Risks and fees depend on the provider.
|
No |
How to open FXORO account
Fill out the short registration form. Provide your first and last name, country, phone number, and email address. Then, select your account type. Your user account and platform password will be automatically generated and sent to the email address you provided.

- - Date of birth.
- - Citizenship.
- - Education.
- - Passport number.
- - Identification code
- - Employment details, income amount, and income source.
- - Trading plans.
- - Indicate your trading experience, investment volume, and trading frequency (average number of trades per year).
- - Answer 7 questions to assess your knowledge of trading and risk management.
If the answers are incorrect or the provided information does not meet the minimum trading requirements, the broker reserves the right to deny account opening.
Markets and Products
- Advantages
- Disadvantages
-
60 Forex pairs
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Crypto trading
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Only 250 assets for trading
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Limited market coverage
FXORO supported markets vs top competitors
FXORO provides a more limited selection with 250 tradable assets, including 60 currency pairs, stocks, commodities, and cryptocurrencies. However, it does not offer bonds and has fewer options compared to some other brokers.
FXORO | FBS | FxPro | |
---|---|---|---|
Currency pairs | 60 | 74 | 70 |
Tradable assets
The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions imposed on CFDs.
|
250 | 600 | 2100 |
Stocks | Yes | Yes | Yes |
Commodities | Yes | Yes | Yes |
Crypto
Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada.
|
Yes | Yes | Yes |
Bonds | No | No | No |
Indices | Yes | Yes | Yes |
Trading Platforms and Tools
FXORO offers a straightforward trading experience with MetaTrader 4 (MT4) as its primary platform. While MT4 is widely recognized for its user-friendly interface and comprehensive charting tools, it may not meet the needs of traders looking for more advanced platform options.
- Advantages
- Disadvantages
-
Advanced charting tools
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Mobile trading support
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Limited platform options
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Lack of automated trading tools
Alerts | Yes |
2FA | Yes |
EAs | Yes |
Indicators | 32+ |
MetaTrader 4 (MT4) is a classic, widely favored trading platform for CFD assets, offering an intuitive interface and advanced features that outperform browser-based alternatives. With MT4, traders can create a customizable watchlist and access detailed contract specifications. It supports timeframes ranging from one minute to one month and provides four different chart display options. The order window includes market orders, stop-loss, take-profit, and four types of pending orders, ensuring a comprehensive trading experience.

MT4 Platform Capabilities:
Custom Indicators and Expert Advisors (EAs): MT4 supports integration of custom indicators, scripts, and Expert Advisors (EAs) written in MQL4. It includes a built-in code editor and supports algorithmic trading.
Social Trading: Traders can connect to the MQL5 community for copy trading signals, regardless of their broker, and access free signals.
Strategy Tester: The platform features a built-in strategy tester, allowing traders to test their strategies with historical price data, either manually or automatically.
Additional Tools: MT4 offers an economic calendar, customizable alerts, the ability to save and load strategy templates, and one-click trading.
This platform is well-suited for beginners, offering a robust yet accessible toolset for effective trading.
Additional trading tools
FXORO offers a variety of additional features aimed at enhancing the trading experience, including advanced market analysis, improved automation, and more efficient trade execution.
FXORO | FBS | FxPro | |
---|---|---|---|
Trading bots (EAs) | Yes | Yes | Yes |
Trading Central
Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making.
|
Yes | No | Yes |
API
An Application Programming Interface (API) allows traders to connect their trading accounts to custom applications, algorithms, or third-party software. This flexibility enables advanced trading strategies and automated trading solutions tailored to individual needs.
|
No | Yes | No |
Free VPS
A Virtual Private Server (VPS) provides a dedicated and reliable server environment for running trading platforms and EAs without downtime. Free VPS ensures that trading operations continue uninterrupted, even when the trader's personal device is off.
|
Yes | Yes | No |
Signals (alerts)
Trading signals or alerts are notifications that provide buy or sell recommendations based on market analysis. These signals help traders make timely decisions by highlighting potential trading opportunities.
|
Yes | Yes | Yes |
One-click trading
One-click trading simplifies the trading process by allowing traders to open or close positions with a single click. This feature is particularly useful for scalpers and day traders who need to act quickly in fast-moving markets.
|
Yes | Yes | No |
Strategy (EA) builder
A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without needing to write code. This empowers traders to customize their trading approaches and backtest them for effectiveness.
|
No | Yes | No |
Autochartist
Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key levels. It provides traders with real-time alerts and actionable insights, helping to improve trading accuracy and efficiency.
|
No | No | No |
TradingView | No | Yes | No |
TU Expert Advice: Is FXORO Worth the Try?
Author at Traders Union
FXORO facilitates trading various CFDs, including Forex, cryptocurrencies, stocks, indices, commodities, and ETFs via the MetaTrader 4 platform. It offers three account types: Fixed, Floating, and ECN, all convertible to Islamic accounts. Professional account types with higher leverage are also available. The broker supports traders with a demo account, provides educational resources, and offers multiple communication channels for client support, demonstrating a focus on user-friendly trading conditions.
However, FXORO has limited asset types, mainly focusing on CFDs, and restricted access for residents of specific countries. Copy trading and other passive income options are unavailable. These disadvantages make FXORO more suitable for active traders interested in CFDs rather than those seeking a wide array of investment products or passive income strategies. Overall, it presents a structured platform for those primarily focused on active trading with a manageable risk profile.
- You are not comfortable without CySEC regulation (or regulation from an authority of similar competence). FXORO is regulated by the Cyprus Securities and Exchange Commission (CySEC), providing a considerable level of oversight and protection.
- You value a user-friendly platform. FXORO offers their own web and mobile platforms known for their ease of use, making them potentially suitable for beginners or traders who prioritize simplicity.
- You prioritize advanced charting and technical analysis tools. If you are a demanding trader who requires sophisticated tools for in-depth analysis, FXORO's platforms, which offer basic tools, may not meet your requirements.
- You reside in restricted countries. This broker does not work with residents of the Islamic Republic of Iran, Canada, and some other countries. If you are located in these regions, you may need to explore alternative brokers that accommodate residents from your country.
- You are looking for lower minimum deposits. With a minimum deposit of $200, FXORO's entry requirement may be higher compared to brokers with lower minimum deposit options.
Video Review of FXORO
FAQs
The minimum deposit at FXORO is $100 for both standard accounts. This provides an accessible entry point for beginner traders while ensuring that professional traders can still enjoy quality market conditions.
FXORO is a fully regulated and trustworthy broker, adhering to industry standards for client protection and operational transparency. It is licensed and regulated in multiple jurisdictions including CySec.
The spread for EUR/USD at FXORO varies based on the account type. The ECN account typically features floating spreads starting from 0.1 pips. Spreads may fluctuate depending on market conditions.
FXORO supports a variety of funding methods, including bank transfers, credit/debit cards, and e-wallets like Neteller and Skrill. The availability of these methods may vary depending on your country, and most transactions are processed swiftly without additional fees from the broker.
FXORO is available in many countries, including Europe, Asia, and the Middle East. However, it does not offer services to residents of the United States, Canada, Japan, and some other regions due to regulatory restrictions. For the most accurate and up-to-date information, it is recommended to check FXORO’s website or contact their support team to confirm availability in your specific country.
FXORO offers a selection of 60+ Forex pairs and a range of trading instruments, including stocks, commodities, and cryptocurrencies, available through its primary platform, MetaTrader 4 (MT4).
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Team that worked on the article
Oleg Tkachenko is an economic analyst and risk manager having more than 14 years of experience in working with systemically important banks, investment companies, and analytical platforms. He has been a Traders Union analyst since 2018. His primary specialties are analysis and prediction of price tendencies in the Forex, stock, commodity, and cryptocurrency markets, as well as the development of trading strategies and individual risk management systems. He also analyzes nonstandard investing markets and studies trading psychology.
Dr. BJ Johnson is a PhD in English Language and an editor with over 15 years of experience. He earned his degree in English Language in the U.S and the UK. In 2020, Dr. Johnson joined the Traders Union team. Since then, he has created over 100 exclusive articles and edited over 300 articles of other authors.
Mirjan Hipolito is a journalist and news editor at Traders Union. She is an expert crypto writer with five years of experience in the financial markets. Her specialties are daily market news, price predictions, and Initial Coin Offerings (ICO).