FXORO’s offer is aimed at investors who are enthusiastic about the discipline of online trading. Because at FXORO you can profit from professional market analyses. Thus, worthwhile investments would be within reach and returns would be a clear matter.

The company advertises with several tools for market analysis, a platform for handling investments and news in the field of finance. The customer should be able to benefit from the experience of the brokers and earn profits. However, he first has to create an account and enter his data.

Table of contents

  1. FXORO – Trading Review
  2. FXORO Website
  3. Contact details of FXORO
  4. FXORO Approval
  5. Warnings from regulators about FXORO?
  6. Online Trading Tips
  7. What to do in case of online trading losses?

Besides the question to what extent FXORO offers a trustworthy service, it is essential to deal with the basics for beneficial trading. Our legal advisors will also explain how the FXORO provider compares to other offers. Furthermore, we are at your side and support you in detailed questions and legal disputes in connection with online trading.

FXORO – Trading Review

FXORO – the provider communicates on the associated website that its offers extend over tools and a trading platform. In addition, there are seminars and customer support on topics related to the world of finance and investing in shares, cryptocurrency or resources.

In order to draw quick returns from these benefits, a potential client would only need to register on the platform and get in touch with FXORO by providing personal details. The accounts are divided into three variants, which are prepared for different online traders.

Depending on the trading behaviour, other accounts are supposedly worthwhile. The platform is a brand of MCA Intelifunds LTD and licensed in Cyprus.

The FXORO website

Information on the apparent online broker FXORO can be found on the English website of the company under the URL https://fxoro.com/.

Operator and Trademark

The name of the website or the trading platform or the offer is not necessarily identical with the operator company. In the past, it was not uncommon for companies to appear on the market with many different trademarks in parallel.

For this reason, when researching news and information about a service provider, it is generally advisable to include the operating company in addition to the trademark. The respective information can be found either in the imprint or often also in the footer of a website.

In the footer area of the company’s website you will find the information that FXORO is the trademark of MCA INTELIFUNDS Ltd.

Imprint information

In Germany, according to §5 of the German Telemedia Act (TMG), there are basic obligations to provide information and mandatory details for the imprint. Accordingly, this obligation for “provider identification” applies to all commercially operated websites.

This is because the information is intended to inform visitors to a website who they are dealing with. Finally, the address of the website operator that is capable of being summoned plays a role in the event that legal claims are to be enforced against him.

In this context, it is also important to note that the obligation to maintain an imprint applies equally to service providers based abroad who carry out their business activities in Germany.

At the time of March 2022, the FXORO website stated that MCA INTELIFUNDS LTD, trading under the name “FXORO”, was a financial services company incorporated and registered under the laws of the Republic of Cyprus and licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 126/10.

Background to the domain

On 11/03/2022 we have found the information on FXORO provider with the following result:

  • Domain Name: fxoro.com
  • Registry Domain ID: 1676034975_DOMAIN_COM-VRSN
  • Registrar WHOIS Server: whois.domainthenet.com
  • Registrar URL: http://www.domainthenet.com
  • Creation Date: 2011-09-07T21:00:00.000Z
  • Registrar Registration Expiration Date: 2024-09-07T21:00:00.000Z
  • Registrar Abuse Contact Email: abuse@dtnt.com

FXORO contact details

At the time of writing, the following information could be found on the online presence of FXORO:

  • Address of FXORO: Petrou Tsirou 82, Mesa Geitonia, 3076, Limassol, Cyprus
  • Email contact of FXORO: info@fxoro.com
  • Telephone number of FXORO: +357.25.20.5555

FXORO Authorisation

The existence of a valid authorisation from an official European financial supervisory authority can be an important characteristic of whether a trustworthy provider is involved.

This is because issuing a licence requires a great deal of economic effort on the part of the company. However, it does not necessarily have to be a scam if a broker omits information about its authorisation or its own regulatory status.

The following financial supervisory authorities, among others, are responsible for issuing authorisations and supervising financial service providers such as FXORO:

  • Finansinspektionen (FI, Sweden)
  • Comissao do Mercado de Valores Mobiliarios (CMVM, Portugal)
  • Securities and Futures Commission (SFC, Hong Kong)
  • Federal Financial Supervisory Authority (BaFin, Germany)
  • Cyprus Securities and Exchange Commission (CySec, Cyprus)

At the time of writing in March 2022, FXORO’s website showed the licence number “126/10” issued by the Cyprus Securities and Exchange Commission (CySEC). The following data on this licence number can be found on the CySEC website:

MCA Intelifunds Ltd 82, Petrou Tsirou, Mesa Geitonia, CY-3076 Limassol Licence Number: 126/10 Licence Date: 21/12/2010 Company Registration Number: 270891 Telephone: +357 25 205 515 Fax: +357 25 205 556 Country: Cyprus E-mail: info@fxoro.com Approved Domains: www.fxoro.com; www.fxoro.it; www.tk.fxoro.co.uk; www.fxoro.ae

Interested investors can discuss what this means with a legal advisor from our law firm.

Warnings from regulatory authorities regarding FXORO

At the time of writing, there were no official warnings from any financial supervisory authorities.

Before trading with FXORO and others – Online Trading Guide

Trading via an internet platform such as FXORO is the extension of classical trading with financial instruments into the World Wide Web. Here, as there, financiers act on the premise of generating profits through the acquisition and sale of assets. Trading is no longer limited to securities.

De facto, customers also have these options to choose from, for example:

  • Money Market Funds
  • Gold
  • CFD Trading
  • Bank Deposits
  • Funds
  • Crypto Trading with Bitcoins and Altcoins, for example Binance Coin
  • Commodities
  • Foreign exchange trading
  • Government bonds
  • Real estate

Online trading is carried out via interfaces such as online brokers (e.g. FXORO) or banking institutions that provide their clients with special trading software. Above all, the far-reaching technological achievements of recent years are the reason why online trading is now time-saving and convenient, and thus as recognised as it is popular.

Advantages of online trading

Digitalisation is also changing the financial world considerably, especially with regard to trading such as at FXORO. Because as a result of the technical possibilities, trading has massively increased in speed.

Whereas investors and traders once had to conclude their orders by phone call, fax or post, this is now possible at the click of a mouse and with considerably less effort. Aspects such as the duration and type of trade, prices and quantities or account details no longer have to be clarified personally between the FXORO broker and its customer.

Consequently, the possibility of online trading has created a number of conveniences:

  • The trading platform executes the booked orders, you only need an internet connection.
  • A large number of tools can be used automatically and instantly.
  • Online traders can access many tools and use a wide range of indicators.
  • Surpluses can be achieved even with a low stake.
  • The speed at which trades can be processed has increased noticeably.
  • The range of tradable assets is wider and deeper.
  • The possibility of losses due to gaps is reduced.

Furthermore, online trading not only brings advantages in terms of the uncomplicated use of the trading platform. Above all, the investor enjoys significantly more comfort due to analysis options, indicators and the many different tools.

The times when you had to draw your own charts or make your own calculations are over. Today, trading platforms offer their customers a wide variety of order types that online traders can execute themselves with a day trading broker of their preference.

Crypto trading: Investment alternative for risk-averse investors?

But it is not only trading itself that has been significantly influenced by digitalisation. For the unstoppable technologisation has provided online exchange traders with a new field of action: trading in digital assets. A broker in online trading, such as FXORO, is also affected by this.

The most popular cryptocurrencies include Bitcoin and Ethereum. Bitcoin was the very first cryptocurrency, which is why all other digital currencies are called “alt-coins”, i.e. alternative coins. There are now a large number of tradable crypto assets and the landscape is extremely volatile.

As a result, fresh coins are constantly entering the market and many disappear just as quickly as they appeared. For financial investors, this entails opportunities as well as risks, which are, however, significantly increased compared to traditional investments due to the lack of consistency.

Freshly issued cryptocurrencies are basically like a game of chance at the roulette table for investors. With a little luck, you can multiply your stake significantly. At the same time, the possibility of losing the entire capital is extremely high.

Therefore, it might be a more advantageous decision for cautious traders to focus on the top 10 crypto stocks that have been traded for a long time and have a relatively large market capitalisation.

What can the new alt-coins do?

Apart from Bitcoin and Ethereum, the Binance Coin, Solana, Cardano or Ripple should be mentioned in this context. Cardano and Solana in particular can be considered more modern and forward-looking compared to Bitcoin and Ethereum.

While the former are criticised for their energy-intensive “proof of work” mechanism, the latter rely on the less energy-intensive “proof of stake” mechanism. In addition, the blockchain-based projects Cardano and Solana allow the use of so-called smart contracts.

Furthermore, additional projects are emerging in the respective ecosystems, such as Solanart, a marketplace for so-called “non-fungible tokens”, or NFT for short. These can be used in decentralised finance, for example.

There, they help to implement security mechanisms that ensure the uniqueness of transactions and the correctness of each submitted order. The bottom line is that cryptocurrencies offer investors an extremely broad selection of securities in which to invest.

Nevertheless, crypto trading is particularly recommended for investors who do not shy away from large risks. Moreover, the following also applies to crypto trading: Be careful when choosing a service provider.

Unfortunately, there are numerous documented cases of fraud and cybercrime in which crypto exchanges, i.e. stock exchanges for cryptocurrencies, have played a leading role.

Risks in online trading

Not all that glitters is gold, and this also applies to online trading. Consequently, apart from the advantages, a number of disadvantages are also discernible, which inclined investors should include in their considerations:

  • Compared to traditional trading, it is rather hasty.
  • Investors should keep a constant eye on price trends.
  • Private investors should already be versed in trading and pursue resilient strategies.
  • In case of wrong decisions, enormous deficits are to be expected.

Speculative day trading in particular is not suitable for investors who are dealing with the subject of trading for the first time. This is because the risk of not correctly forecasting the development of prices is immense, and due to the time pressure it is difficult to make adjustments.

Accordingly, this form of trading is more worthwhile for particularly experienced investors or those with a pronounced appetite for risk. If you belong to this group, day trading is an opportunity to generate results in a timely manner. In addition, one benefits, for example, from the elimination of fees for overnight positions.

After all, such costs must also be included in the holistic analysis of an investment. On top of that, you are literally spared the rude awakening in the morning if there have been rapid and violent price changes. Such “gaps” develop quickly due to bad reports about a company.

On the other hand, you quickly see success when you can report a profit at the end of a trading day. It is also relevant for day traders to compare the trading fees of the different brokers. It can be worthwhile to opt for a flat rate. This pays off especially if you trade more frequently and individually invoiced order fees would noticeably reduce your profit.

Identify risks

In order not to unnecessarily increase the risks of online trading, you should ask yourself what kind of financial provider you want to use for trading on the trading venues. From the experience of our law firm, some questions have emerged that help to identify possible risks:

  • Is there an imprint on the website and can credible information about the company’s registered office be found?
  • Is the provider controlled by a European financial regulator and is the company subject to government supervision?
  • Did the exchange with the company come about as a result of an unsolicited telephone call?
  • Are there any warnings from lawyers or law firms who are looking after clients who have suffered losses in connection with the provider?
  • Are there experiences of other private investors, what is the prevailing opinion in forums?
  • Are there any official warnings about the provider?
  • Does the provider guarantee exceptionally high profits and hide or downplay the risks?

Behaviour in the event of losses

In case of high losses, one should immediately stop further payments. This applies in particular to the circumstance that the trader demands additional payments to compensate for losses.

Furthermore, one should try to recover the lost capital if corresponding claims exist. In doing so, affected persons can seek investor protection and turn to the lawyers of our law firm. Our law firm will examine your claims on a case-by-case basis.

“Whether claims actually exist can only be assessed on the basis of a concrete individual case.”

Our recommendation is therefore not to despair, but to act quickly and actively. Would you like to talk to one of our lawyers? Then you can go straight to our contact section here.