Everyone tells you that you just need to find a broker to start trading. But, it is important to remember that you don’t sign up with the first one you come across. Sure, you could do that and this can go two ways; it can either be a good experience where you will be able to start trading and get access to a reasonable environment, or it could be a disaster.
Why? The brokerage you choose may not be a good fit for you, as in not provide you the assets you want, not have a good platform, or their general trading conditions may not what you want. So, what needs to be done? Checking out this FXORO review is one thing you can do.
FXORO is a well-known name in the market, as the broker was founded back in 2012 and is a trademark of MCA INTELIFUNDS LTD and ORO FINTECH LTD, based in Cyprus and the Republic of Seychelles, respectively.
Thus, this platform is regulated by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Services Authority (FSA). While the regulation is definitely a big benefit, you need to look at its other aspects as well and the following review can assist you in doing so:
Checking out the assets
Begin with a look at the assets you can trade via FXORO and they certainly won’t disappoint you. They have put together a diverse range of options that can suit every trader, no matter what their risk appetite and profit expectations may be.
You can diversify your portfolio easily, or find the trading instrument that interests you the most, as you have access to some of the biggest financial markets here. This includes forex, stock, indices and commodities. More importantly, you can also trade cryptocurrencies, which is undoubtedly a bonus.
Considering the security
No matter how tempting the asset offerings of a broker may be, you need to ensure your security because if you lose your money, or your identity is compromised, the consequences can spell disaster. Fortunately, you can rest assured that FXORO provides you with a secure environment for trading.
They are a regulated brokerage, so they comply with AML (Anti-Money Laundering) and KYC (Know-Your-Customer) rules.
Secondly, they also use full-data encryption, along with SSL (Secure Socket Layer) technology for protecting their clients’ information from prying eyes. You will also find that FXORO offers negative balance protection and they maintain segregated accounts for storing clients’ funds, thereby preventing misappropriation and theft.
Going over the trading platform
After you have satisfied yourself about the security, you should immediately move onto the trading platform you will be provided. This is vital for the trading process because it is used for trade execution and you will find the best choices provided by FXORO in this regard.
They have opted to give their clients access to the MT4 suite of trading platforms, which ensures a smooth trading experience for everyone. It is regarded as the top trading solution in the world due to its advanced features and tools.
You can trade via the desktop client that has to be downloaded, use the WebTrader that lets you trade via the browser, or FXORO also allows its clients to use MT4 mobile apps for trading from anywhere. You can enjoy superior trade execution, one-click trading, automated trading, as well as a horde of cutting-edge technology tools.
These include trading signals, price alerts, an economic calendar, trading indicators, advanced charting tools, risk management and also fundamental and technical analysis tools. Plus, the user-interface is highly intuitive, so you don’t have to worry about a learning curve.
Since you will also find extensive educational resources, two different account types, numerous payment solutions, excellent trading conditions, a quick and simple registration process and robust and prompt customer support, it makes FXORO the right brokerage for any trader, whether they are a beginner or an expert.