SPTORO Forex Broker

Note: SPTORO's official website: https://www.sptoro.com is currently inaccessible normal.SPTOROReview SummaryFounded/Registered Country/RegionSt. Vincent and the GrenadinesRegulationUnregulatedMarket InstrumentsForex, Indices, Commodities, Stocks, CryptocurrencyDemo Account/Leverage/EUR/USD Spread2.6 pips (Bronze account)Trading PlatformSirix platformMin Deposit$50Customer SupportTel: +41225017638Email: 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 & ConsProsConsVarious market offeringsLack of regulationMultiple account typesUnfunctional websiteLow minimum depositWide spreadsNo MT4/5Is SPTORO Legit? SPTORO is entirely unregulated and poses risks for traders and investors.What Can I Trade on SPTORO?Trading AssetAvailableforex✔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 TypeEUR/USD SpreadCommission (World Indices, Equities US & Equities Asia)Bronze2.6 pips15 USD per lotGold1.2 pips13 USD per lotPlatinum0.7 pips11 USD per lotDiamond0.2 pips9 USD Per lotTrading PlatformTrading PlatformSupported Available Devices Suitable for Sirix platform✔PC, Mobile, Web/MT4❌/BeginnersMT5❌/Experienced tradersDeposit and Withdrawal SPToro does seem to only accept credit cards, but many other convenient payments like wire transfer, Skrill, Neteller, PayPal are not available.