ToroAssets Information
ToroAssets, established in 2023 and registered in China, is an unliscensed brokerage company. This firm boasts of its broad spectrum of investment options and advanced trading tools. It offers four account types with different features and benefits. However, email as the only way of customer support is an obvious drawback. Furthermore, it lacks detailed requirements of each account type.
Pros and Cons
Is ToroAssets Legit？
ToroAssets currently does not hold any valid regulatory certificates. Although it is incorporated in China, it lacks regulation from any recognized financial authority. Opening an online brokerage account can be an easy way to start investing and there are always risks in investing. But we can choose to stay away from certain risks.
What Can I Trade on ToroAssets？
Having a diversified portfolio is important for managing risk. The more investment options you have to choose from, the easier it is to diversify. ToroAssets boasts of trading over 500 products with instant execution. You can invest in forex, cryptocurrencies, CFDs, stocks, indices, and commodities.
If you're looking for mutual funds or ETFs, you'll not find them here. But you'll still have a good mix of investment choices. For beginners, various educational resources and tools are offered by this firm to learn these popular assets.
Account Types
Like many other brokerages, ToroAssets tiers their account types. There are four of them. The increasing client tier status means higher-risk leverage, lower spreads, more bonus, and more exclusive access to professionals who can provide more in-depth financial advice and guidance. But the website does not give the condition of each plan.
Demo account and bonus are available for all plans. The VIP plan can enjoy spreads from 0.0 pips and development of an individual business plan from this firm's experts. On the other hand, the spread for standard plan is from 1.5 pips and the additional benefits is intro call from personal account manager.
Overall, these tiers are nothing special from services other brokerage provided except the loss of requirement of each plan.
Customer Support Options
For any question you might have, help is available via email (support@toroassets.com). There is no customer support phone number listed on the website and live chat isn't available. That could be an inconvenience if you need help with your account and time is of the essence. Other online brokerages may offer you more options for getting in touch with customer service representatives or investment experts.
The Bottom Line
Variety is a good thing for building a diversified portfolio. Having a mix of different investments can help with managing risk. ToroAssets makes building a diversified portfolio easier with its wide selection of investment options. However, ToroAssets is not regulated by a financial authority with strict standards. If you want to stay safe, only sign up with brokers that are overseen by a top-tier and stringent regulator.
FAQs
Is ToroAssets safe？
ToroAssets is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.
Is ToroAssets good for beginners？
ToroAssets provides diverse educational resources and tools for beginning investors. On the other hand, you may need a very high minimum balance to get started.
Does ToroAssets offer leveraged trading？Yes, ToroAssets provides leverage trading from 1:200 to 1:500.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
