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Toro Trade PRO
Regulators:
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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