MCA Intelifunds Ltd (FXORO) is in the process of voluntarily renouncing CySEC licence 126/10 and has stated it will cease providing investment and ancillary services effective 24 October 2025.
| Regulated entity | MCA Intelifunds Ltd |
|---|---|
| Regulation | CySEC No. 126/10 + FSA Seychelles No. SD046 |
| Other Tier-1 regulators | None confirmed |
| Founded | Not independently confirmed |
| Headquarters | Limassol, Cyprus (Petrou Tsirou 82, Mesa Geitonia, 3076 Limassol) |
| Minimum deposit | $100 |
| Avg. spread (EUR/USD) | 2 pips |
| Platforms | MT4, Proprietary (FXORO App) |
| Instruments | 160-250+ instruments (sources disagree) across forex (60 pairs), shares (70+), indices (16), ETFs (14), commodities, and crypto CFDs. No official total count was found. |
See FXORO's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Three tiers by spread/execution type: Fix (fixed spreads, no commission, beginner-oriented), Floating/Variable (floating spreads, no commission, around 1.2 pips minimum on EUR/USD per one source), and ECN (raw/tight spreads plus a fixed commission, e.g. around $6/EUR5/£4 per lot per one source). An Islamic/swap-free option is reportedly available across account types, plus a demo account. |
|---|---|
| Execution model | Dealing-desk-style fixed spreads on the Fix account versus ECN execution with direct market pricing on the ECN account, with commission charged only on the ECN tier. |
| Withdrawals & deposits | Minimum deposit reported at £200, higher than many competitors. Deposit methods (bank wire, cards, e-wallets) are reported free, but withdrawal fees apply with the exact amount not specified in sources found; one reviewer explicitly notes FXORO isn't transparent about its deposit and withdrawal fees. |
| Overnight financing (swap) | Swap is reportedly charged on positions held between 23:00 and 08:00 (GMT+2) per one source; the benchmark-plus-markup calculation methodology wasn't disclosed. |
| Currency conversion cost | Not found -- no specific fee percentage was located. |
| Inactivity fee | One source reports a $25 charge after 3 months of no activity, followed by $100/year ongoing -- this wasn't independently cross-confirmed by a second source and should be verified against FXORO's current terms. |
| Customer service | One independent reviewer describes customer support as disappointing, with an unresponsive live chat service. A Trustpilot rating found under "FXORO Global" (fxoroglobal.com, 3.5/5, 11 reviews) belongs to a separate, Seychelles-licensed entity (ORO Fintech Limited) and shouldn't be cited for this CySEC entity without further verification. |
| Mobile experience | iOS and Android apps exist (MT4 only -- MT5 isn't offered per one reviewer); no App Store or Google Play rating figure was found specifically for this entity. |
| Educational offering | One independent reviewer states FXORO's educational resources could be improved to better support new traders, and notes the absence of copy-trading tools -- assessed as below-average overall by that source. |
See how FXORO's spread cost compares across every researched broker → · Forex broker fees explained
Is FXORO regulated?
Yes -- CySEC No. 126/10 + FSA Seychelles No. SD046. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if FXORO fails?
Via its CySEC-regulated Cyprus entity, eligible clients are covered by Cyprus's Investor Compensation Fund (ICF) up to €20,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at FXORO?
Our research confirms a minimum deposit of $100.
What trading platforms does FXORO offer?
FXORO offers MT4, Proprietary (FXORO App).
What is FXORO's average spread on EUR/USD?
Our research confirms an average EUR/USD spread of 2 pips. See our cost calculator to compare this across every broker we've reviewed.
When was FXORO founded?
Not independently confirmed in our research -- verify directly with the broker.
How is FXORO's overall score calculated?
FXORO currently scores 2.56/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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