Torroso

Torroso Information

Torroso, with its domain registered in Jan, 2022 in Mauritius, is a financial company and mainly deals with trading services in Forex, Shares, Indices, Commodities, Futures. A free demo account is provided for practicing and the entry point for account opening is $50. Spread is tight from 0 pips and the broker provides the widely-used and advance MT5 platform for trading.

Moreover, the broker implements segregated accounts to protect customer funds and offers a trading index page/videos for traders to get familiar with investment terminologies. Trading tools such as economic calendar and price heat map help traders to catch up with latest market trend, thus to seize market opportunities effectively.

However, one fact worth noting is that the broker currently operates without regulation from any authorities, degrading its credibility and reliability.

Pros and Cons

Is Torroso Legit?

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Torroso?

With Torroso, you can expand your trading portfolio and seize abundant market opportunities by trading in more than 470 instruments including Forex, Shares, Indices, Commodities and Futures.

Forex: Forex, or foreign exchange, is the global marketplace for trading national currencies against one another, facilitating international trade and investment.

Commodities: Commodities are basic goods used in commerce that are interchangeable with other goods of the same type, such as precious metals.

Indices: Indices are statistical measures that represent the performance of a specific group of assets, such as stocks or bonds, helping investors gauge market trends and economic health.

Stocks: Stocks represent ownership of certain big companies like Apple, Amazon, Tesla, etc. enabling traders to participate in their growth and profits.

Futures: Standardized contracts obligating the buyer to purchase, and the seller to sell, a specific asset at a predetermined price on a specified future date, commonly used for hedging or speculative purposes in financial markets.

When dealing with investment activities, always adhere to the principle of diversification by allocating funds across various products rather than concentrating on a single one you feel optimistic about.

Account Type/Leverage/Spread & Commission

Torroso provides a demo account that lasts for 30 days. The account simulates real market conditions so traders can practice their trading strategies in a risk-free environment without losing real money.

Moreover, the broker provides two live accounts for any traders, even scalpers. The Standard account requires a minimum deposit of $50 for opening and is said to be perfect for novice traders who want simple and direct market access. Spread is variable and no commissions for trading. Leverage is up to be 1:500for both accounts and is always suggested to be used prudently.

While the Proaccount is designed for high-net-worth traders who want deep liquidity and accept initial investment in no less than $20000. Tighter spread from 0.5 pip is advantageous for frequent and large-volume traders. This account also has a commission-free structure, reducing trading costs significantly.

Base currencies are USD, EUR, GBP, PLN and AED.

Trading Platform

Torroso offers one of the top institutional grade and the user-friendly MetaTrader5 platform who features robust charting tools and in-depth market analysis. Automate trade execution and customizable interface layouts are possible with this platform.

Traders can use the platform through web on any devices with Internet connectivity, or download the app from Windows, iOS and Android devices to realize on-the-go trading without missing any important details.

Deposit & Withdrawal

Torroso accepts funding through several channels: Bank Wire, Credit/Debit cards, Local Bank Deposit, PaymentAsia, Paytrust, Help2Pay and more.

Customer Support Options

Traders can contact Torroso by phone, email and office address 5 days a week between 9am – 5pm, Monday to Friday. Their website is supported in 7 languages, targeting a large group of clients.

The Bottom Line

In summary, the broker offers a wide range of tradable assets especially for global traders. A demo account is ready for practicing and a minimum deposit of $50 is affordable for most traders. Spread is tight from 0 pips and there's no commission in live accounts. Fund segregation protects customer funds even during the insolvency of the company. Educational resources equip traders with necessary knowledge for their investment journey. It's a favourable choice for traders in general.

However, the absence of regulation is a taint that cannot be neglected. Take full investigations before determing to trade with the broker and ensure you can accept all the drawbacks.

FAQs

Is Torroso safe?

Though the company is not regulated by any authorities so far, it is relatively safe due to protection measures such as segregate accounts.

Is Torroso good for beginners?

Yes, there is a demo account for practicing and a $50 minimum deposit is affordable to most traders.

What trading platform does Torroso have?

Torroso offers MT5 platform on web, Windows, iOS and Android devices.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.