Score
SPTORO
United States|2-5 years| https://www.sptoro.com
Website
Rating Index
Influence
Influence
D
Influence index NO.1
Israel 2.49Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed SPTORO also viewed..
XM
- 10-15 years |
- Regulated in Australia |
- Market Making(MM) |
- MT4 Full License
AUS GLOBAL
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
GTCFX
- 10-15 years |
- Regulated in United Kingdom |
- Straight Through Processing(STP) |
- MT4 Full License
HFM
- 10-15 years |
- Regulated in Cyprus |
- Market Making(MM) |
- MT4 Full License
Website
sptoro.com
Server Location
Ireland
Website Domain Name
sptoro.com
Server IP
34.247.223.246
Company Summary
Note: SPTORO's official website: https://www.sptoro.com is currently inaccessible normal.
| SPTOROReview Summary | |
| Founded | / |
| Registered Country/Region | St. Vincent and the Grenadines |
| Regulation | Unregulated |
| Market Instruments | Forex, Indices, Commodities, Stocks, Cryptocurrency |
| Demo Account | / |
| Leverage | / |
| EUR/USD Spread | 2.6 pips (Bronze account) |
| Trading Platform | Sirix platform |
| Min Deposit | $50 |
| Customer Support | Tel: +41225017638 |
| Email: support@sptoro.com | |
SpToro is an online broker, owned and operated by SPT Media LLC registered in St. Vincent and the Grenadines, which itself is a problem. It‘s an offshore jurisdiction that loosely regulates the financial sector and doesn’t even license the brokers operating there.
As a result, the FX business is entirely unregulated and pose risks for traders and investors. The Spanish financial authority CNMV recently scrutinised SpToro and issued a warning against them. Your funds are in danger because this broker is an exposed scam.
Pros & Cons
| Pros | Cons |
| Various market offerings | Lack of regulation |
| Multiple account types | Unfunctional website |
| Low minimum deposit | Wide spreads |
| No MT4/5 |
Is SPTORO Legit?
SPTORO is entirely unregulated and poses risks for traders and investors.
What Can I Trade on SPTORO?
| Trading Asset | Available |
| forex | ✔ |
| commodities | ✔ |
| indices | ✔ |
| stocks | ✔ |
| cryptocurrencies | ✔ |
| bonds | ❌ |
| options | ❌ |
| ETFs | ❌ |
Account Type
SPTORO offers four account types, namely Bronze, Gold, Platinum, and Diamond account, with minimum deposit requirement of 50 USD. In any case, as this is not a legit broker, traders should not trade with it.
Spread and Commission
SpToro offers quite a few trading accounts, with spreads and commissions in varying from different accounts.
| Account Type | EUR/USD Spread | Commission (World Indices, Equities US & Equities Asia) |
| Bronze | 2.6 pips | 15 USD per lot |
| Gold | 1.2 pips | 13 USD per lot |
| Platinum | 0.7 pips | 11 USD per lot |
| Diamond | 0.2 pips | 9 USD Per lot |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| Sirix platform | ✔ | PC, Mobile, Web | / |
| MT4 | ❌ | / | Beginners |
| MT5 | ❌ | / | Experienced traders |
Deposit and Withdrawal
SPToro does seem to only accept credit cards, but many other convenient payments like wire transfer, Skrill, Neteller, PayPal are not available.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 5
Content you want to comment
Please enter...
Review 5
TOP 
Chrome
Chrome extension
Global Forex Broker Regulatory Inquiry
Browse the forex broker websites and identify the legit and fraud brokers accurately
Install Now
FX7465658182
Colombia
My investment is $700. The operations have been lost, and the open market is being manipulated little by little, and also my money. So, I want my money back and I want justice.
Exposure
2021-12-17
FX6283185592
Argentina
This broker is a SCAM. Do not send them money. They want to get as much money as possible with lies. The operations are not real and the money is not put on the market. They only show it and tell you that you have lost and they will keep it in the end.
Exposure
2021-12-17
FX2046354843
Philippines
I DEPOSITED $700 AND AFTER SEVERAL WITHDRAWAL REQUESTS THEY NEVER GAVE BACK MY MONEY.AND EACH TIME I OPEN UP CHAT TO ASK ABOUT THIS THEY WOULD DISCONNECT AND BLOCK ME:AND THIS POS IS THE MAN BEHIND IT ALL: facebook.com 5 /ankitgoyal.kumar.I should have thought twice after looking at how sketchy the site was but I really fell for it. This guy said if i deposit under his IB then he would manage my account but so far nothing happened and my money is with him now. I just want to expose this scamming broker so that others don’t get scammed like I did.
Exposure
2021-09-14
德善@WJ
New Zealand
SPTORO is a total scam company, it has now shut down its website, and is silent on all customers who demand their money back! SO Hateful!
Neutral
2023-02-23
Jeff林
Spain
I see the company website is down... that's horrible, maybe they're bankrupt. After all, it doesn't even have the conditions to have a regulatory license.
Neutral
2022-12-02