We don’t know if you’ve been blocked from accessing TorroCapital’s website as we have been. Why is this shady broker preventing us from entering?
Perhaps there’s an underlying fraudulent scheme slithering beneath the promising offers. That’s something we will reveal in the following sections of our TorroCapital Review.
We’ve basically got a red flag at the very beginning of our review. Since TorroCapital’s regulation is fake, we don’t recommend you trade with this broker. There’s a chance you’ll get scammed.
It seems that TorroCapital is interested in three particular countries. Here’s a list of domains where TorroCapital tried to provide services:
TorroCapital is not authorized to operate even in its alleged home country, let alone in the ones we listed. The US is probably the most heavily regulated domain in the world and there’s no place there for anonymous websites.
Watch out! We opened TorroCapital’s Trustpilot page and found 117 reviews and an average score of 4.8! Right off the bat, it seemed suspicious to us so we decided to dig through them a bit.
And just what we thought, there’s one complaint against the broker written by a trader with the same suspicions. This user claims that all other reviews are fake. Please heed this warning.
THIS IS AN INVESTMENT SCAM. all the reviews here are fake, they were just registered and the address on file is generic.
TorroCapital advertises a proprietary platform, allegedly “award-winning” and superb. This mysterious platform is available for both desktop and mobile (Android & iOS).
However, we were denied access to TorroCapital’s website. Other reviews were also unable to reveal this platform. Whichever platform it is, we don’t recommend it since TorroCapital is unregulated.
According to some sources, TorroCapital offers Forex trading as well as CFDs on popular assets:
TorroCapital promises floating spreads starting from zero pips. If you trust TorroCapital, you’re in for disappointment.
Sorry, but this financial swindler’s word is not credible, especially given the lack of a trading license. The commissions are also unknown.
Let’s take a look at the overview of TorroCapital’s trading account tiers:
Each of these account types comes with some fictional benefits and perks. It’s all piled up just to make it seem enticing.
The leverage TorroCapital offers caps at 1:500, which is proof that this isn’t a legit UK broker. The FCA imposed a leverage limit of 1:30 for retail clients in the UK.
No, which is another in the series of red flags. TorroCapital doesn’t offer a risk-free demo account.
Basically, in order to trade with TorroCapital, you’d have to open a live account and invest 250 $ right away. It’s not worth the risk, trust us.
TorroCapital’s withdrawal policy states that the available payment methods include:
The minimum deposit is 250 $ and the minimum withdrawal fee is 1,000 $. However, the withdrawal fee is outrageously high – TorroCapital charges 20% on all withdrawals.
No sane broker would charge that much. To make matters worse, the minimum trading volume required to be eligible to withdraw funds is 1,000 lots. Keep in mind that the FCA has no such rule in force for UK brokers.
Don’t confuse TorroCapital with eToro. The latter is one of the best brokers in the world and the former is probably using a similar name to mislead potential victims.
If you’ve been scammed by this broker, know that you’re not the only victim of TorroCapital scam. Please share with us if you have evidence that TorroCapital violated any terms and conditions.
We will report the scammer to the FCA. Global Fraud Protection can also help guide you through the chargeback process but you must act quickly. A chargeback can be requested at the bank within 540 days of the transaction.
If this broker steals your money, start the chargeback process. Book a free consultation with us using Online Chat and learn what you should do.
No. TorroCapital is not a regulated UK broker. Don’t invest in this trading scam. If you did, please call so we could help you get your money back.
No. TorroCapital does not offer a risk-free demo account for practicing trading on the platform.
According to the broker, there is a mobile app, available for both Android and iOS phones.
No. TorroCapital is not a regulated UK broker. Don’t invest in this trading scam. If you did, please call so we could help you get your money back.
No. TorroCapital does not offer a risk-free demo account for practicing trading on the platform.
According to the broker, there is a mobile app, available for both Android and iOS phones.
The post Read About This Trading Scam In the TorroCapital Review appeared first on Global Fraud Protection.
