Watch out! CySEC-regulated FXORO continues offshore activities!
CySEC-regulated FXORO offers onboarding for European clients via its offshore entity in the Seychelles. While ESMA allows leverage of 1:30 the offshore FXORO offered 1:400. We found that FXORO uses only one client database for the regulated and the offshore mutation. The latter accepts unlimited pre-KYC deposits via SEPA bank transfer to its account with the FCA-authorized payment institution SENTENIAL and Nuvei. You are not protected when working with offshore brokers!