SpToro-Overview of Minimum Deposit, Spreads & Leverage

SPTORO | 2024-11-20 11:02

Zusammenfassung：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.

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
Customer Support	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.