FXORO: A Broker With A Diverse Range

December 8, 2020
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FXORO is one of the of brokers that started gaining traction in early 2010’s. FXORO offers plenty of assets such as stock indices, stocks, forex and crypto. Moreover, FXORO has plenty of deposit and withdrawal options coupled with good educational resources. FXORO also has a decent and appetizing interface where you can gain a deep insight into how your assets are performing. With more than 80 crypto options and 15 stock indices FXORO promises to be a good platform for anyone looking to trade in these assets. Click the link below to join now

However, if you are looking for a holistic platform that offers a wide array of assets then you should consider Capital.com as it offers a diverse range of stocks, ETFs, bonds, crypto, commodities and CFDs. With one of the best and most affordable fee structures coupled with the most comprehensive educational resources, Capital.com promises to be a good platform for your trading needs, whether you’re just getting started or you’re a professional trader.

We analyzed hundreds of data points relevant to the costs, benefits and features of trading with FXORO and scored our findings on a 10-point scale across 10 distinct categories.
Fees 6
Signup Process 7
Minimum Deposit 8
Ease of Use 7
Deposit & Withdrawal Options 10
Customer Support 7
Asset Classes 8
Referral Program 0
Demo Account & Educational Resources 10
Safety & Regulation 8
Total 71


FXORO started its operations in 2012 and the broker is headquartered in Seychelles and Cyprus. The broker offers plenty of assets, decent customer service and good educational resources. FXORO also offers a lot of asset types that one can trade-in. Moreover, it is regulated by internationally renowned authorities in Seychelles and Cyprus.

The broker is available in over a 100 countries. The list of countries where it is available include:

 Albania Algeria Andorra Angola Anguilla
 Antarctica Antigua and Barbuda Argentina Armenia Aruba
 Austria Azerbaijan Bahrain Bangladesh Barbados
 Belarus Belize Benin Bermuda Bhutan
 Bolivia Bosnia and Herzegowina Botswana Bouvet Island Brazil
 Brunei Darussalam Bulgaria Burkina Faso BurundiBahrain
 Bangladesh Barbados Belarus Belize Benin
 Bermuda Bhutan Bolivia Bosnia and Herzegowina Botswana
 Bouvet Island Brazil Brunei Darussalam Bulgaria Burkina Faso
Burundi Cameroon Cape Verde Cayman Islands Central Africa
 Chad Chile China Christmas Island Cocos Islands
 Colombia Comoros Congo Cook Islands Costa Rica
 Cuba Curaçao Cyprus Czech RepublicDenmark
 Djibouti Dominica Dominican Republic Ecuador Egypt
 El Salvador Equatorial Guinea Eritrea Estonia Ethiopia
 Faroe Islands Fiji France French Guiana French Polynesia
 Gambia Georgia Germany Ghana Gibraltar
 Greece Greenland Grenada Guadeloupe Guam
 Guatemala Guernsey Guinea Guinea-Bissau Guyana
 Indonesia Iraq Ireland Isle of Man Italy
Ivory Coast Jersey Jordan Kenya Kiribati
 Kuwait Kyrgyzstan Lebanon Lesotho Liberia
Libya Macedonia Madagascar Malawi Malaysia
 Maldives Mali Marshal Islands Martinique Mauritania
 Mauritius Mayotte Island Mexico Micronesia Moldova
 Nauru Nepal Netherlands Netherlands Antilles New Caledonia
 New Zealand Nicaragua Niger Nigeria Niue
 Norfolk Island Montenegro Montserrat Morocco Mozambique
Myanmar Palau Panama Papua New Guinea Paraguay
 Peru Philippines Pitcairn Poland Portugal
Puerto Rico Romania Rwanda Saint Barthélemy Saint Kitts and Nevis
 Saint Lucia Samoa San Marino Saudi Arabia Senegal
 Serbia Seychelles Sierra Leone Singapore Sint Maarten
 Slovenia Solomon Islands Somalia South Africa South Korea
 South Sudan Spain Sri Lanka Suriname Swaziland
SwedenSwitzerland Tajikistan Tanzania Thailand
 Togo Tokelau Tonga Islands Trinidad and Tobago Tunisia
Turkey Ukraine United Arab Emirates United Kingdom Uruguay
Uzbekistan Vatican Venezuela Vietnam Virgin Islands UK
Zambia Zimbabwe   


If you are someone in Africa or Asia and are looking for a good broker, do check out IQ Option and easyMarkets as well, as these brokers cover a lot of African and Asian nations and offer some decent value for traders across regions. We also recommend you to have a look at CMC Markets as it is also one of the strongest brokers in our database and covers a lot of African and Asian nations. Many of our brokers in Southern African and far east countries like South Africa, Zimbabwe and Indonesia have tried these brokers and given us positive feedback.

Pros & Cons


  • Good educational resources
  • Diverse asset options
  • Plenty of deposit & withdrawal options
  • Really good options for stock indices, forex and commodities


  • Withdrawal fees
  • Inactivity fees
  • Slightly expensive stock spreads
  • Does not offer bonds & ETFs

Account Types

There are 2 main types of accounts namely, Fixed and Floating accounts.

The Fix Account

A Fix Account has fixed spread rates which are higher than the floating account but they are constant so you do not have to pay more depending on different market conditions. The leverage rate offered is up to 1:400.

The Floating Account

The spread rates offered are lower than the Fix Account but they can change depending on market conditions. The leverage rate offered is the same as the Fix Account which is a leverage of 1:400.

Here’s a breakdown of our 10 scoring categories, each scored out of 10 for a total of 100 points.

#1 Fees

The fee structure of FXORO provides some great value at times and at times it does not provide so much value. Let’s discover the structure to see some of its strengths and some of its weaknesses.

Deposit & Withdrawal Fees At FXORO

There is no deposit fee associated with depositing funds at FXORO. However, there are a few withdrawal costs associated with your account:

  • A fee of 5 base unit currency that you trade-in for debit or credit card withdrawals
  • Wire transfer has a fee of up 50 for transfers between 1 and 10,000 base units and 140 for withdrawals over 50,000 base units
  • Skrill has a fee of 5 base units and Neteller has a fee of 15 base units while Wire2Pay has a fee of 5 USD + 10%.

The withdrawal fee can be expensive via wire transfer for small amounts. Moreover, using Wire2Pay seems unfeasible as a method because you have to pay a fee of 5USD + 10% which can be very expensive irrespective of the amount that you want to withdraw.

Inactivity Fees

There is an inactivity fee of 25 base currency units that you need to pay if your account has been inactive for a period of 3 months or more. If you have a balance below 25 base currency units then all your balance would be deducted as an inactivity fee but your account balance would not go below 0. The inactivity fee is expensive compared to other brokers because there is a myriad of brokers that do not charge any inactivity fees such as HotForex & Capital.com.

Forex Spread Rates

The forex spread rates are decent but slightly expensive in general. Let’s have a look at some of the forex rates.

InstrumentMinimum Spread Floating AccountMinimum Spread Fix Account

The minimum spread rate at which you can get started with trading is 1.2 pips in the Floating Account which is slightly high. The forex rates generally are slightly on the expensive end. However, some rates such as USDCAD and USDJPY are comparable to other brokers for the Fix and Floating Accounts. However, you can get started with trading at much lower spreads with Tickmill.

Stock Spreads

Let’s have a look at the spread rates for some different companies.

CompanyMin (pips)Avg Spread (pips)
Deutsche Bank58.4
American Express1524.15
Bank of America44.8

The average spread rates offered are better for some stocks compared to other companies. For instance, there is some really good value for trading Bank of America, SAP & Deutsche Bank .However, some stocks like Puma & Amazon are quite expensive and may not make sense to trade with using this platform.

How We Rank Fees

At Yore Oyster, we rank fees based on both trading and non-trading fees. Non Trading fees consist of deposit, withdrawal and inactivity fees. The commissions and spreads associated with each asset type are also built in the score to determine the overall value.

Final Verdict FXORO Fees

The fact that there are inactivity fees, withdrawal fees, slightly expensive stock spreads and forex spreads means that the broker scores a 6 rather than something higher.

FXORO Fees Score: 6/10

#2 Signup Process

The signup process is easy and simple. you can simply upload your documents on the FXORO website and signup within a few minutes.

The simple documents that you need upload to register for the FXORO platform are:

  • ID Documents such as a valid International Passport, National ID card or Driver’s Licence in order to verify your identity.
  • Proof of residence document showing your name and address, issued within the last 6 months, which could be any electric bill or credit card statement.

However, the approval process for opening an account can be slightly longer as it can take up to 2 days to open an account.

How We Rank The Signup Procedue

We ranked the signup procedure based on how quick and easy it is to open an account and we base our score on the following criteria:

  • The speed with which the documents can be uploaded
  • Number of documents required
  • The time the verification process takes

The easier an account opening process is without unnecessary checks the higher the score is for this dimension.

Final Verdict FXORO Signup Procedure

While the signup process is easy, the verification process can be a bit lengthy sometimes hence, the broker scores a 7 in this dimension because there are brokers like easyMarkets that can verify your account very same day that you apply.

FXORO Signup Process Score: 7/10

#3 Minimum Initial Deposit

The minimum initial deposit that you need to get started with FXORO is $200, which is not much and you can get started with trading right away. However, this deposit limit can be a bit much for individuals looking to get started with trading.

How We Rank Minimum Initial Deposit

The formula here is simple, the lower the minimum initial deposit the higher the score. We at Yore Oyster believe that everyone should be able to try out a broker without having to deposit thousands of dollars to get the opportunity to do so.

The Scoring Threshold For Minimum Initial Deposit

If a broker has a requirement for upto $100, the score here is a perfect 10, as most people can afford to invest. However, if a broker charges upto $500, it still scores a healthy 8 because most of our readers believe they can invest $500 to try out a broker’s services. However, as the minimum initial deposit requirements rise above $500 most of our readers feel a bit hesitant to try out a broker due to which the score decreases.

Final Verdict Minimum Initial Deposit

The broker scores an 8 here because $200 can be a bit much for investors who just want to test out the platform rather than making it their broker of choice. If you want to start trading for less you can get started with FXTM or IronFX for $0. These brokers also have good educational resources which means that you can use them even if you are a beginner looking for a decent platform to start trading on and one that teaches you aswell.

FXORO Minimum Initial Deposit Score: 8/10

#4 Ease of Use

The broker has its own platform along with the Meta Trader 4 platform. Let’s delve into the specifics of its own platform followed by the MT4 offering.

FXORO Mobile Platform

FXORO has a decent platform for mobile and desktop use. The android application has a rating of 4.1 along with good user feedback for the interface of the broker. The interface is pretty comprehensive shows visible trends of your asset which can allow you to trace variances associated with its price. For instance, you can see a detailed dashboard in the picture below where you can view different metrics in different visualizations. However, the dashboard can be a bit cluttered with so many visualizations crammed in it.

FXORO Desktop & Web Application

The desktop and mobile platforms for FXORO are pretty similar. However, the interface of the mobile and web platform is slightly better than the desktop version which seems a bit more outdated than the other ones. However, the interface in general seems a bit cluttered across platforms and is something the broker could improve upon.

In the following section, we’ll briefly talk about some of the analysis tools that come with this broker’s platforms.

Economic Calendar

The economic calendar can help you keep track of major market events such as fiscal and monetary budget announcements that can have an impact on your assets.

FXORO NewsFeed

The newsfeed feature helps users stay in touch with the latest events that can impact the prices of their assets. The feature can be used to get advanced models based on available data for effective business and trading strategies.

Trading Ideas At FXORO

The Trading Ideas feature can advise you on selling or keeping an asset. It is based on advanced algorithms and it is a key feature that can help you in making trading decisions. However, you should always monitor the news as well before relying on trading idea options

Meta Trader 4 Platform

One of the most commonly used trading platforms, Meta Trader 4 is used by hundreds of brokers around the world. The interface of Meta Trader 4 is not very user-friendly in terms of graphics as it has outdated graphics that need to be revamped. However, in terms of having comprehensive charting tools and statistical tools, Meta Trader completely fits the bill. It is the reason perhaps that the platform is home to hundreds of brokers because it covers all the basics and provides you with a solid foundation in trading. As a platform, we think it’s an ideal platform for individuals who are pro traders and have been trading for some time, though it can be a little complicated and daunting for beginners.

MT4 Web & Desktop Trading Platform

The Meta Trader 4 platform provided has a lot of detail in terms of statistical metrics that users can use. A drawback is that the graphics of the applications are a bit outdated and something that the platform can and perhaps should improve upon. The Meta Trader 4 platform can be a bit daunting for beginners to get started with but be a bit easier for professional traders. Professional traders may be used to it because of its pervasiveness in the market and the fact that they may have used it in the past.

MT4 Mobile Trading Platform

Offers a lot of options in terms of customizability. For instance, you can choose your own metrics to evaluate your assets, design your own dashboards. Moreover, you can also set up alerts for prices and different market movements on your mobile.

MT4 Platform Languages

The Meta Trader 4 platform is a global platform that supports hundreds of online brokers. A good feature of the platform is that it has a lot of languages that cover most of the people in the world. The Meta Trader 4 platform is available in:

CroatianHungarianRomanianTraditional Chinese

As you can see, the platform covers many of the commonly spoken languages around the world. This offers some really good value for users across the world who want to trade in their own language.

Charting Tools

The charting tools offer decent value in terms of giving a trend of past price fluctuations and the variances associated with an asset. However, the interface for charting does seem like something out of a 1990’s Sega Game and Meta Trader could do much to improve it as it is one of the most widely used trading platforms in the world. They could do a better job of improving and enhancing the user experience and useability of the platform.


How We Rank Ease Of Use

Ease of use comprises of the overall user experience provided by a platform. We rank this dimension according to the following criteria:

  • Intuitive Interface Across All Platforms
  • Customizability Options Available To You
  • Advanced Research Tools For Analysis

Having an intuitive interface was ranked as the number one factor by most of our users in considering a broker with a good interface. The options available for customizing dashboards and statistical analysis were also very important factors according to our audience.

Final Verdict FXORO Ease Of Use

As you can see, the ease of use is good overall, but due to the clutteredness of the dashboard, and the lack of customization and other advanced features, the score here is a 7 rather than something higher.

FXORO Ease of Use Score: 7/10

#5 Deposit & Withdrawal Options

There are plenty of options through which you can deposit or withdraw your funds. It is always good for a broker to have multiple deposit and withdrawal options to provide users with the flexibility they need.

Deposit Options

Some of the deposit options offered are as below:

  • Wire Transfer
  •  Credit/Debit Cards such as Visa, Mastercard, Maestro, JCB & Union Pay
  • E-Wallets such as Skrill & Neteller

The broker offers some really good variety for deposit and withdrawal options because you can use any of the multitude of methods available to deposit your finds with FXORO. Moreover, the broker also has Union Pay that can help clients in China to use the platform as a lot of deposit methods cannot be used by investors in China. It is alwasy good for an international broker to see to things that can help clients in different countries to avail its services.

FXORO Withdrawal Options

Let’s see if the broker offers the same great value for withdrawal options as its deposit options.

  • Wire Transfer
  •  Credit/Debit Cards such as Visa, Mastercard, Maestro, JCB & Union Pay
  • E-Wallets such as Skrill & Neteller

The broker offers the same methods for withdrawal aswell which offers some amazing value for investors. Because sometimes brokers can have different deopist and withdrawal options which can be a pain sometimes. However, a good thing is that with FXORO you do not have to worry about that.

How We Rank Deposit & Withdrawal Options

Having a lot of Deposit & Withdrawal options gives you the flexibility to deposit and withdraw fudns in the manner that best fits your needs. We rank this dimension according to the following criteria:

  • Ways in which you can deposit your funds
  • Ways in which you can withdraw your funds
  • Number of options within different Deposit and Withdrawal Types

We look at 3 main options that a broker needs to offer for a perfect score as these are the most commonly used by brokers:

  • Credit/Debit Cards
  • Bank Transfer & Wire Transfer
  • E-Wallets such as Paypal, Skrill and WebMoney

While FXORO offers a lot of options for withdrawal and depositing of funds, an issue to be noted is that you must use the same method for withdrawal of funds that you used for depositing funds.

Final Verdict FXORO Deposit & Withdrawal Methods

This dimension scores a perfect 10 because of the number of options that are available for users. A fact that we really like is that the broker has different options for people in different parts of the world.

FXORO Deposit & Withdrawal Options Score: 10/10

#6 Customer Support

You can get customer support through various platforms with FXORO. Customer support is one of the most important dimensions considered by our readers before choosing a broker as their broker of choice. Some of the options offered for customer support by FXORO include:

Customer support is available 24/5 during weekdays, which is pretty decent. However, email support is slightly slow and the broker does not offer customer service on weekends.

Pros Cons
Quick Live chatMay not get relevant answers via live chat
Detailed & Quick Response via Phone24/5 Availability rather than 24/7
Detailed Response On EmailSlightly slow response via emails at times
Dedicated Account Manager

The response via the live chat is quick however it can be slightly difficult as you may not always get relevant answers from the chat. Moreover, the phone support is good and usually quick. The email support can be a bit slow at times but one of the good advantages of their customer service is that they offer you your own dedicated account manager to help you trade. The account manager helps to train you on how to trade in different market conditions. However, the customer support is only available 24/5 which can be a bit of a problem in case you have any issues or troubles during the weekend.

How We Rank Customer Support

Customer support plays an important role in getting much needed help. Our criteria takes into account the 3 most pivotal factors considered by our viewers which include:

  • Availabiltiy of Support via Live Chat, Phone & Email
  • Speed & Quality of Response Across Platforms
  • Availability of Customised Support Such as a Dedicated Account Mnager

The customer support dimension is a really important dimension for most of our readers. Hence, we not only take into account all the platforms that are used to provide support but the quality of the support provided and the consumer feedback.

Final Verdict On Customer Support FXORO

FXORO has really good customer service in general. however, there are a few places where the broker can improve such as responding to emails quickly and offering 24/7 customer service, hence, the score here is 7 rather than something more substantial.


FXORO Customer Support Score: 7/10

#7 Asset Classes

FXORO does a decent job of offering different asset choices to users in-terms of assets that they can trade in. However, the number of options offered within each asset type can be slightly limited. Let’s dissect the asset classes offered by FXORO.

Asset ClassesNumber of Available Options
Currency Pairs60
Stock Indices15

In general FXORO does a decent job of offering 5 different asset types that you can trade in. Moreover, you can also trade CFDs in different asset types as well which gives you variety in what you want to trade in.

Forex Pairs

FXORO offers plenty of major, minor and exotic currency pairs that one can trade in. Here’s a list of currencies offered by FXORO:


You can trade in a total of 69 currency pairs so far. This gives users the option to trade in popular pairs such as USD, EUR, GBP as well as niche currencies like NOK, RUB & HKD.

FXORO Cryptocurrency

Only 3 cryptos are offered which include: Bitcoin, Litecoin & Eretheum. The choices here are limited. However, if you want to choose well known cryptos then FXORO has you covered.

FXORO Commodities

Below is a list of commodities offered by FXORO.

OilBrentNatural GasCoffee

FXORO has a good range of commodities. You can trade expensive metals in platinum, gold and silver moreover you can trade in crops such as soybeans, coffee and cotton. The broker also offers minerals and oil to ensure that they cover the full range in offering commodities.

FXORO Stock Indices

The broker also offers a diverse range of stock indices for its users. Let’s have a look at what’s on offer:


You can see that Australian, German, Japanese, Swiss and US stock indices are offered which offers a lot of variety to users to trade in.

Stock indices are a great passive income strategy because stock markets tend to grow in the long term. While returns in stock indices are naturally smaller than other assets, they provide stable returns in the long term. Stock indices can be used in risky portfolios to hedge risks.

FXORO Stocks

FXORO offers a lot of stocks and gives some very good options to users to trade in. The stocks offerd by FXORO include:

Intesa SanpaoloJUVEMediasetMediobanca
GoogleGW PharmaceuticalsIBMIntel
Coca-ColaDisneyExxon MobilFacebook
BMYBeyond MeatCanopyChevron
AmazonAMAZONminAmerican ExpressApple
STMicroelectronicsTelecom ItaliaTenarisUBI Banca
Deutsche BankPumaQualcommStarbucks
EniFiat ChryslerNetflixNike
MonclerPoste ItalianeJohnson&JohnsonJPMorgan Chase
AuroraBank of AmericaINVEBSANDVIK

The options above include stock options from e-commerce giants like Alibaba & Amazon, Auto companies like BMW & Ferrari, banks like Bank of America and JP Morgan and tech companies like Google and Microsoft. Hence, FXORO provides users with a complete range of stock offerings from all around the world.

How We Rank Asset Classes

The criteria for ranking asset classes is pretty simple and as follows:

  • Number Of Asset Classes Offered, such as crypto, forex, stocks, ETFs and bonds.
  • Options Provided within each asset class

The more asset classes a broker provides, the more the chance to diversify your portfolio. Diversified portfolios often help in mitigating risk and long term profitability. This is the reason due to whch we give higher ranking and weightage to brokers who give you the option to hedge your risk.

Final Verdict On FXORO Asset Classes

The asset options offered by FXORO are good. FXORO covers a lot of stocks, indices, commodities and forex pairs however since it lacks assets like bonds and ETFs are not offered, the broker loses a pair of points in this dimension.

FXORO Asset Classes Score: 8/10

#8 FXORO Referral Program

Referral programs play an important role in making trading fun because you can use the platform with friends and learn more. However, there is no active referral program for FXORO for individual users.

How We Rank Referral Programs

The more rewards a broker gives the higher the score for this dimension. Rewards are a good way for encouraging beginners to start trading with friends and family making the experience enjoyable, due to which we encourage brokers to offer more and more rewards. We also take into account how difficult it is to attain these rewards.

Final Verdict Referral Programs

The fact that the broker does not have a referral program does not bode well for people who want to join a broker to trade with friends and family. Since, referral programs act as an incentive for individuals to trade together and FXORO doesn’t have one means that the score here is a 0.

FXORO Referral Program Score: 0/10

#9 FXORO Demo Account & Educational Resources

Having a good demo account and educational resources to practice trading skills can be beneficial for an individual.

FXORO Demo Account

Demo accounts are a great way of training individuals as you can trade with fake money and test out your skills. A good feature of the demo account at FXORO is that you do not have a time limit so you can continue to use it as long as you need to practice to improve your skills and strategies.

FXORO Educational Resources

FXORO offers some solid educational resources to help you strengthen your understanding of trading. The resources offered are good and are shown below:

  • Video tutorials
  • Seminars
  • Courses
  • Books

The resources provided are detailed to train you in the theoretical as well as practical knowledge of trading that can really help you trade efficiently & savvily.


The broker has basic aswell as advanced level courses for trading various assets that can really help one in understanding and gaining in-depth trading knowledge. Not a lot of brokers offer courses but the fact that FXORO does it gets a lot of points here for doing so.

Video Tutorials

Video tutorials can assist you in understanding how the platform works. Moreover, you also get tutorials on trading different assets and how you should trade in different market environments.

Seminars & Webinars

Attending seminars and webinars is an amazing way to get practical knowledge of trading different assets. Often theoretical knowledge and trends are not sufficient for you to be a successful trader. It is great that the broker offers seminars and webinars to get you knowledge from industry leaders and experts. The platform also teaches you different trading strategies that individual investors use and how you can mitigate risk in different strategies.


The broker has ebooks on trading different assets like forex. It can really help you in gaining advanced knowledge about how a particular asset works and what are some of the intricacies attached with trading that particular asset. There are also advanced books available for advanced trading concepts that can really help one in gaining a lot of knowledge and insight into trading.

How We Rank Demo Account & Educational Resources

The purpose of a demo account and educational resources is to train users to make informed decisions. Our crtiteria marks every broker on the quality of training that they provide beginners with. Our criteria is as follows.

  • The demo account should not have a time limit or a paper trading limit to get a perfect score
  • Educational Resources should include tutorials, webinars and online courses to ensure that anyone new to trading can quickly learn and trade profitably

Final Verdict FXORO Educational Resources

The broker provides educational resources for beginner and advanced investors alike which offers some amazing value in this dimension. They even offer courses and books something not provided by most brokers hence, FXORO gets a perfect 10 in this dimension for going the extra mile in providing superior value to investors over here.

FXORO Demo Account & Educational Resources Score: 10/10

#10 FXORO Safety & Regulation

FXORO is regulated by authorities in Cyprus and Seychelles. It augers well for users that the broker is regulated by 2 regulators and especially a regulator like CYSEC because it is a strong regulator and one that has regulated a lot of international brokers.

How We Rank Safety & Regulation

If a broker is regulated by a tier 1 broker like the Financial Conduct Authority of UK (FCA), Securities Exchange Commission (SEC), or Australia Securities & Exchange Commission (ASIC) it scores a perfect score. However, if it is regulated from a tier-2 broker like the Cyprus Securities & Exchange it scores an 8. The score for most tier 3 brokers is a 6 and the score for no regulation is 0. Regulation is an important factor for brokers as non-regulated entities can engage in harmful practices for investors that can be detrimental for them.

Is FXORO Safe?

The score for this dimension is an 8 rather than a perfect 10 because there are strong regulators like the UK’s FCA and USA’s SEC that are not included.

FXORO Safety & Regulation Score: 8/10

While researching 100+ of the world’s top brokers, we’ve noticed what works and what doesn’t from the customer’s point of view. That’s why our final test for any broker is to compare it to Capital.com, which scores 91/100 points across the 10 categories mentioned in this review.

FXORO vs. Capital.com

FXORO has a wide asset portfolio, good demo account and some really good educational resources. However, there are a few dimensions where our highest ranked broker Capital.com is better than FXORO. Let’s have a look

More Asset Options

When it comes to trading options the more options a broker offers, the better it is for you to build diversified portfolios. Capital.com simply gives you more options by offering more assets such as bonds, ETFs and 1700 stocks from all around the world.

A Better Fee Structure

Capital.com also has a very competitive fee structure and they do not charge withdrawal fees or inactivity fees like FXORO does. The spreads are generally tighter and there are no commissions and hidden fees associated with trading.

Stronger Educational Resources

While FXORO has really good educational resources, Capital.com is like a digital academy for learning trading from scratch or expanding your knowledge. Often we have seen brokers offer a couple of generalized educational resources for traders to get started with trading but Capital.com goes the full way and it is with you in the journey for you to become an experienced and savvy broker. Some of the resources offered include

  • Tutorial videos on using the platform
  • Educational videos on trading different assets
  • Webinars
  • Educational articles

Training Guides

The resources offered to users start by teaching you how the platform works and then with webinars and articles Capital.com keeps you updated with whats happening in the market. Capital.com also offers asset trading training guides.

  • CFD training guides
  • Commodities training guides
  • Indices trading guides
  • Trading psychology guides
  • Shares trading guides
  • Forex trading guides

Capital.com has you covered if you want to start trading an asset that you have not traded before. They also offers 5 courses that are aimed at training beginners and refreshing knowledge of experienced traders.

Capital.com Online Courses

  • Introduction to financial markets
  • ABC of derivatives
  • Financial instruments
  • Derivatives and risks of trading
  • What are leverage and margin

The online courses are designed for beginners but anyone can benefit from them in learning the basics and good practices and knowledge of the industry.

So what are you waiting for signup today for a broker that has more assets, better pricing structure and a wealth of knowledge to change you from zero to hero in trading.

Related: If you want to learn more about this broker, you can read this excellent review of Capital.com.

FXORO: In Summary

FXORO generally offers a diverse range of assets compared to most brokers. Moreover, they offer a lot of options for depositing and withdrawal of funds. The ease of use is also good and can help individuals have a pleasurable trading experience. The options that FXORO offers in-terms of stock indices and commodities are usually unmatched by most brokers. Signup today if you are a commodities or a stock index trader.

FXORO is a good application that gives you plenty of assets to trade however, Capital.com has many more assets that provide you with more trading options. Moreover, Capital.com has amazing educational resources that are not matched by FXORO. They also have a leaner cost structure with no inactivity & withdrawal fees, which is encouraging for new traders. Signup now for Capital.com by clicking the link below and enjoy the highest-ranked broker in our database.

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