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TorroCapital Review | Is It a Scam?

by Kevin Berry
Rating: 
  1.1/5   Reviews: 4
Torro Capital - logo

Are you considering TorroCapital as your broker? In this review, we’ll examine why this company is being labeled as a potential scam and why you should be wary of doing business with it. Keep reading to find out more.

Highlights

🏛️ Country UK, Saint Vincent and the Grenadines
⚠️ Regulation
🖥️ Website https://torrocapital.com/
🎲 Demo Account No
⏳ Start Time Год начала работы
💲 Minimum Deposit $10,000
⚖️ Minimum and Maximum Leverage
⚙️ Trading Platform Webtrader
📨 E-mail
📞 Phone 442038079728

First Impression of Torrocapital.com

We discovered a page dedicated to the broker’s trading conditions on the official TorroCapital website, which was quite informative. However, the rest of the website’s content seemed to be uninteresting praises about the company and unreliable information. This may be targeted towards new clients who are accustomed to reading promotional texts. Experienced broker users prioritize factual information, and unfortunately, the facts presented on the TorroCapital website do not favor the company. For instance, the “Our regulation” page contained ambiguous philosophy and statements about the importance of licenses instead of actual legal documentation for the company.

Torro Capital - website

Partnership and Bonuses

TorroCapital offers a deposit bonus of 100%, which is considered as credit funds on the deposit. However, this practice is not recommended, as it can lead to overtrading and increased risk-taking. Traders may feel compelled to trade more than they otherwise would, to meet the requirements for withdrawing the bonus funds. Additionally, the terms and conditions for these bonuses include high trading volume requirements, making it difficult for traders to withdraw their profits. Therefore, you should be cautious when considering deposit bonuses and carefully read the terms and conditions before accepting them.

Account Opening on Torrocapital.com

When attempting to register on the platform, it was clear that TorroCapital is a scam. There is no registration form available. The only option is to log in with a password, assuming that an account has already been created. This is problematic. It indicates that this company probably has a referral program or poses itself like a closed club for exceptional traders. However, in fact, the broker just wants to contact you before your registration. As a rule, managers try to persuade you to invest as much money as you can.

No registration

Verification

At TorroCapital, the verification process is mandatory for all clients who wish to withdraw funds. The broker requires clients to submit a set of documents that include a government-issued ID, proof of address, and a copy of the credit card used for deposits. The broker claims that the verification process is to protect the safety and security of its clients’ funds and to prevent fraudulent activities. However, how you can upload these documents is a mystery.

Pros
  • The broker follows AML and KYC.
Cons
  • It’s impossible to pass verification because of the closed registration.

Trading Software

TorroCapital questions the usefulness of using MT4 and MT5, which is why they have created their own platform. We have no idea what this engineering marvel is like because we can’t see it without registering. However, we have doubts that it’s anything worthwhile. Otherwise, the broker wouldn’t be hiding it so much.

Features TorroCapital Graystone Venture Capital Clark Financial
Demo Account
Mobile App
Own Development ✔️

How Can I Trade With TorroCapital?

Well, at least the broker doesn’t hide its trading conditions. Let’s see if they are really the best of the best.

All Info About Accounts

So, TorroCapital has five types of accounts and the closed club access, which you can get by depositing 50 or 100 thousand dollars. Other account types are also outrageous. You will need to deposit at least 10 thousand dollars. What exceptional services will you get? Basic risk management strategies and an introduction to the trading platform. Seriously? Do people have to deposit 10 thousand dollars for this? Moreover, other important parameters in the accounts are not described. There are no mentions of spreads and commissions, leverage, and other important things. Only the description of these near-market services is presented.

Pros
  • None
Cons
  • High minimum deposit
  • Ridiculous services.

Market Analysis and Education With TorroCapital

It should be noted that TorroCapital provides market analysis only to those who are willing to pay, and more than $10,000 at that. However, the quality of these forecasts, training, and other services is extremely low. Not only is the Client Portal closed here, but the entire broker team is anonymous. We strongly doubt that these shadowy figures have any real skills in trading analysis.

Deposit, Withdrawal, and Fees

If you visit TorroCapital’s website, you’ll find a noticeable lack of information regarding the available payment and withdrawal methods. This information is usually critical for potential clients to make informed decisions, but the broker has chosen to keep it hidden. Instead, they boast about their fast processing times, which seems like a red flag since the payment methods are unknown. Without transparency in this regard, clients could find themselves unable to make payments or withdraw their funds.

Features TorroCapital MTCapitals  Nexon Groups
Debit/Credit Cards ✔️
Electronic Payments
Crypto Transfers ✔️
Deposit Fee
Withdrawal Fee

How Can I Contact It?

TorroCapital only provides a phone number and a contact form for communication. They also list an office address, but we should note that it is fake.

Pros
  • Replies within 1 hour
Cons
  • No email
  • Fake office address

Is TorroCapital Dangerous?

You may have already noticed that TorroCapital is difficult to categorize as transparent. Oh, wait, there are more problems that we’ve uncovered.

How Long Does The Broker Work?

Checking the domain revealed that it was created in 2002. Of course, this has nothing to do with the real age of the broker. The last update on the website was in March 2023, which was also when the first reviews about TorroCapital appeared online. According to the web archive data, our theory is correct. The domain name was for sale for a long time, and these scammers recently bought it.

Web archive check

How Is TorroCapital Regulated?

In the footer, you are greeted with a notice that the broker is regulated by several financial institutions. Very funny! The contact details indicate a UK address, while the user agreement states that the company is registered in the offshore jurisdiction of Saint Vincent and the Grenadines. And now the most interesting part. Neither the company name nor the registration number hints at any match with TorroCapital. This scam is lying. It is just a pseudo-broker that has provided fake legal information. And, of course, it does not have a license to provide services. By the way, in the FSA of Saint Vincent and the Grenadines, brokers are not licensed at all.

Legal entity check

Features TorroCapital Lig Broker  Overton Partners LTD
European Zone
Asian Zone
American Zone
African Zone
Offshore

Frequently Asked Questions (FAQ)

How to Trade With TorroCapital?

You will need to register an account and verify your identity. Next, you can deposit and start trading.

Is TorroCapital Legit?

No, it is not a legitimate broker. It provides fake information and operates illegally, without any regulation or license.

How Risky Is It?

Trading with TorroCapital is highly risky, as it has been identified as a fraudulent broker. Numerous clients have reported attempts to steal their funds, and the lack of regulation and transparency further increases the risk.
Kevin Berry
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Expert Opinion

Listen up, because this is coming straight from your resident trading guru. Let me tell you, TorroCapital is a hot mess. I mean, this broker has only been around for a couple of months and already they’re causing all sorts of chaos. It’s like a toddler with a loaded gun – nobody’s safe. And don’t even get me started on their fake information and illegal practices. If you’re thinking of trading with them, you might as well throw your money into a volcano and hope for the best. Trust me, you’re better off investing in some beanie babies or pogs or whatever the kids are into these days.

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TorroCapital rating

The level of trust
Quick withdrawal of funds
Efficiency of technical support
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The level of trust
Quick withdrawal of funds
Efficiency of technical support

4 reviews about TorroCapital

Steve March 29, 2023 - 09:12
TorroCapital? More like ToroCrapital!
The level of trust
Quick withdrawal of funds
Efficiency of technical support

These guys are a bunch of scammers. I tried to withdraw my funds, and they kept coming up with excuses to delay the process. Stay away from them if you value your sanity and your wallet.

Reply
Rick April 6, 2023 - 19:42
Their platform is your new best enemy, not a friend.
The level of trust
Efficiency of technical support

I tried this broker, and I have to say, it was a rollercoaster ride. Their trading platform is like a maze, but once you get the hang of it, it’s pretty intuitive. However, their fees are outrageous, and their customer service is hit or miss. I made some profit, but I’m not sure if it was worth the headache.

Reply
Alan April 10, 2023 - 12:28
I wish I had done my research before trading
The level of trust
Quick withdrawal of funds
Efficiency of technical support

I deposited a significant amount of money, and then they disappeared like a magician’s rabbit. Poof! My funds were gone, and their customer support was nowhere to be found. Avoid them like the plague.

Reply
Goran November 2, 2023 - 14:29
scam
The level of trust
Quick withdrawal of funds
Efficiency of technical support

Torrocapital is scam, they ask for more and more money but when you want take your money out they ask for more money for pay tax first, big scam avoid

Reply

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