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Toro Trade PRO

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Operating status: SCAM

Website: https://www.torotradepro.com/

Broker violations and abnormal records
  • 2024-04-03 The BCSC issued a warning against Toro Trade PRO

    On 4 Apr 2024, the British Columbia Securities Commission (BCSC) issued a warning that Toro Trade PRO was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/toro-trade-pro

    On 4 Apr 2024, the British Columbia Securities Commission (BCSC) issued a warning that Toro Trade PRO was providing financial services or products without authorisation. You may visit: https://www.bcsc.bc.ca/enforcement/early-intervention/investment-caution-list/2024/toro-trade-pro
  • 2024-04-09 BrokersView has reviewed that Toro Trade PRO is an unregulated broker

    According to its website address, it is located in the United Kingdom. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). In addition, it mentions FP Markets at the bottom of the website and displays multiple regulatory certificates of the company, but there is no evidence that FP Markes is related to the brand Toro Trade PRO. It is obviously a direct theft of information from legitimate companies.

    Furthermore, the British Columbia Securities Commission (BCSC) issued a warning that Toro Trade PRO was providing financial services or products without authorisation.

    The truth is that Toro Trade PRO is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money cannot be protected by any laws.

    Therefore, Toro Trade PRO is a scam.

    According to its website address, it is located in the United Kingdom. Upon investigation, no matching information was found in the Financial Conduct Authority (FCA). In addition, it mentions FP Markets at the bottom of the website and displays multiple regulatory certificates of the company, but there is no evidence that FP Markes is related to the brand Toro Trade PRO. It is obviously a direct theft of information from legitimate companies.Furthermore, the British Columbia Securities Commission (BCSC) issued a warning that Toro Trade PRO was providing financial services or products without authorisation.The truth is that Toro Trade PRO is not regulated by any regulators. Letting it hold or control investors' money is unsafe and the money cannot be protected by any laws.Therefore, Toro Trade PRO is a scam.
  • 2024-10-06 The OSC issues a warning about Toro Trade PRO

    On October 7, 2024, the Ontario Securities Commission (OSC) issued a warning against Toro Trade PRO, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/torotrade-pro

    On October 7, 2024, the Ontario Securities Commission (OSC) issued a warning against Toro Trade PRO, stating that this broker is not registered in Ontario to engage in the business of trading in securities. https://www.osc.ca/en/investors/warnings/torotrade-pro
  • 2024-10-09 BrokersView has noted the inaccessibility of Toro Trade PRO's website

    After its unlicensed financial business has been detected, Toro Trade PRO's website, torotradepro.com, has been deactivated.

    After its unlicensed financial business has been detected, Toro Trade PRO's website, torotradepro.com, has been deactivated.

Related Complaints

Q&A

Is Toro Trade PRO a good broker?

Vitor Oliveira
Portugal
2024-04-11
ANSWER No, Toro Trade PRO is not a reputable broker due to its fraudulent nature. This broker falsely claims to be regulated by the Financial Conduct Authority (FCA), which significantly undermines its credibility. It unauthorizedly copies the licensing data of FP Markets, yet provides no evidence to suggest any potential relationship with this legitimate broker. Interestingly, this information is written at the bottom of its hompage in Italian, which raises questions about its authenticity. Further compounding concerns, the British Columbia Securities Commission (BCSC) has issued a warning against Toro Trade PRO, stating that this broker is not registered to trade in, or advise on, securities or derivatives in BC.Given these facts, Toro Trade PRO poses substantial risks and cannot be considered a secure option. To mitigate such risks and ensure a safer trading environment, investors are advised to avoid unregulated brokers like Toro Trade PRO and instead opt for fully regulated ones.
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