Is FXOro Regulated? FXOro Licensing and Regulation
“ORO FINTECH LTD is incorporated and registered under the laws of Seychelles with company number 8425077-1. The Company is authorised by the Financial Services Authority of Seychelles (FSA) with Securities Dealer’s License Number SD046, for the provision of the investment services as permitted under the Seychelles Securities Act 2007. FSA is the autonomous regulatory body responsible for the non-bank financial services in the Seychelles. Established under the Financial Services Authority Act, 2013, the authority is responsible to license, regulate, enforce regulatory and compliance requirements, monitor and supervise the conduct of business in the non-bank financial services sector in Seychelles.”
FXOro Broker Review: Noteworthy and Unique Services by FXOro
The online trading business has expanded remarkably since the introduction of the Bitcoin. As the industry progresses, you come across more and more available options to pick for becoming a part of the online trading world. Today there are so many online brokers out there that it is not possible to give you an exact value as more and more platforms emerge daily. So, what can you do when you are faced with so many options? You find out which one will give you the most benefits in your situation.
Speaking from my own experience of researching online brokers, you will find that most of these brokers provide the same features and services. I have come across some that only differ in names and essentially provide all the same services. However, I have also come across some great brokers. One such broker is FXOro. This broker provides various unique features that I have not come across with other brokers.
Let us take a look at some of FXOro’s impressive features.
1. Trading Platform
Trading platforms are one of the first things you should inspect when you are considering to register with a broker. I say this because you will be performing all your trading tasks, such as investing, purchasing, monitoring, reading signals, etc., on this platform. So, if you end up with a broker that does not have a reliable and easy trading platform, then your trading experience will likely be not as good.
FXOro provides multiple trading platforms, one of them being the MetaTrader 4 (MT4). This is one of the best trading platforms out there. If you are not familiar with it then I urge you to do some research and familiarize yourself with this platform. It is one of the most powerful trading platforms in the world of Forex trading, and that is saying something. The MT4 provides an ideal user experience to novice as well as experienced traders. In addition, the MT4 platform can be used from any device such as MAC, PC, smartphone, or tablet as the MT4 program is compatible with both Android and iOS.
2. Promotions
One of the unique features of this broker is that it provides promotions and bonuses to facilitate their trader. I call this unique because you will not stumble upon any online traders who provide services like promotions to their customers. You don’t have to wait for a particular time of the year to benefit from these services. In fact, one of the first bonuses you are offered is when you sign up with a registered account on the broker’s website. The firm offers you bonus equity of 30% on your initial deposit to your account. The minimum amount for the initial deposit is $200. You are also offered a 50% Cashback Bonus on every trade.
The most innovative promotion program offered by FXOro is that of volume to gold conversion. You didn’t read this wrong. This broker allows you to convert your trading volume into gold bullion. To take advantage of this offer, you have to maintain a specific amount of trades for a three-month period. FXOro claims that these promotions and bonuses are a way for them to repay the client’s trust in them.
3. Learning Guides
When entering the online trading space, I highly recommend everyone to study the basics before signing up with a firm. Many brokerage firms out there provide personalized trading guides to their users to help them understand the functions of their website. You should take advantage of this service if you want to be successful in the world of online trading.
While many brokers provide the service of learning guides, you will find that a lot of them only contain the basic information that is not specific to their website. Even though the information is useful for you, it will not help you with navigating the website. FXOro provides you with various courses of different levels regarding trade and the features of their website. You can access the basic course for a brief introduction to trading and the features of the website. They also provide learning materials such as in-depth courses, 1-on-1 training sessions, e-books, and a trading glossary for further training.
4. Dynamic Customer Care
Simply put, as an online trader you need to be able to rely on your broker if you have encountered any issue or have any queries. For this reason, brokerage firms should design elaborate customer support programs that are available for service in real-time. This means that users should receive immediate support from the broker in times of need. Now, most brokers already do have fantastic customer care services. They are available through various means such as e-mail, phone calls, etc. and their services work twenty-four hours a day.
FXOro has a very devoted customer support team that provides commendable customer service to the users. Their skilled team of trained professionals from every field has played a great role in them becoming so well known. The technical staff of the broker consists of financial specialists, web-developers, account managers, customers’ agents, economic experts, etc.
The customer care services can be contacted through the various e-mail addresses provided on the website. You can also contact them on the phone as they also have a steady phone assistance service.
Conclusion
My experience with this broker was really pleasant as I was able to enjoy the services of one of the best trading platforms out there, the MetaTrader 4. In addition, I was also able to benefit from promotions and bonuses that FXOro provides. There are more features that I found impressive with this broker, such as their account types, registration process, and the various other trading tools they offer. All-in-all I was thoroughly impressed by the services this broker provides.
You are free to do more research on your own to find out about the workings of this broker. You may come across more benefits or you may find some things that do not suit your requirements.
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