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There is nothing surprising about this office being a scam. When have registration and regulation in Mauritius ever been a sign of a reliable broker? So use your head when choosing a broker to work with.
The Torroso project calls itself an advanced broker that offers clients honest and transparent cooperation, operates in accordance with the license, keeps traders' funds in separate accounts, and is ready to provide round-the-clock support.
The official website torroso.com is available in different languages, but there is no Russian version. The main page in English looks like this.
The footer of the official website states that "Torroso" is registered in the Republic of Mauritius, with the address of the headquarters and registration document number – 196837 GBC. The broker's activities are regulated by the Financial Services Commission (FSC) of Mauritius, license number – GB23201614. It is also stated that there are offices in the UK, Vietnam, and the UAE, but without documentary confirmations.
There are such contacts publicly available as email and phone. In addition, this project provides an opportunity to familiarize oneself with internal documentation.
One of its main advantages, this broker calls favorable trading conditions. The site torroso.com mentions such account types:
Both accounts support market execution and allow trading with microlots. A range of trading conditions, including transaction fees, margin call, stop-out, etc., are not mentioned in principle. However, a demo account feature is available.
According to "Torroso", its clients will have access to 470 instruments across a wide range of markets for trading, including currencies, stocks, energy commodities, futures, metals, and indices. To trade these assets, the broker offers clients two main trading platform options.
The first option is the widely known among traders MetaTrader 5 terminal. It is available in versions for PC and mobile devices.
The main declared advantages of this platform:
The second platform option is WebTrader. This terminal works in the browser of PCs and mobile devices, requiring no download and installation. A distinctive feature is the availability of all basic trading functionality combined with a simple interface, making the platform a good option for beginners.
Visa, MasterCard, Paytrust, Help2Pay, and other payment systems, whose logos are indicated on the broker's website, are used to top up the account and withdraw money. At the same time, to familiarize yourself with the terms of deposit and withdrawal, you need to log into the Torroso personal account and make a transaction because the broker does not speak in advance about commissions and deadlines.
By studying any broker rating, you can be convinced that "Torroso" is not a popular and in-demand project. This is also confirmed by reviews about Torroso. The main reason is the presence of only an offshore license, as well as the deliberate concealment of trading and deposit/withdrawal conditions.
There is nothing surprising about this office being a scam. When have registration and regulation in Mauritius ever been a sign of a reliable broker? So use your head when choosing a broker to work with.
At the beginning of this year, I opened a standard account with Torroso and deposited $62 since I had an uneven amount in my wallet and decided to round it off this way. I should have donated to charity instead! Because here this money just went down the drain! The platform is rigged so that you simply lose your deposit trade after trade, and you can forget about withdrawals altogether... Imagine if I had invested a larger amount? I would have had to look for lawyers to help with the recovery…
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