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SPTORO -

Score

1.46 /10
Danger

SPTORO

United States

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.sptoro.com

Influence

D

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Comparison

Quantity 3

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index6.63

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

SPT Media LLC

Company Abbreviation

SPTORO

Platform registered country and region

United States

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-12-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Exposure

3 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Do not invest in this platform

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.

FX7465658182
2021-12-17 08:14
Scam

They take all your money

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.

FX6283185592
2021-12-17 06:07
Scam

Please avoid dealing with SPTORO they will steal your money.

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.

FX2046354843
2021-09-14 13:40
SPTORO · Company summary

Note: SPTORO's official website: https://www.sptoro.com is currently inaccessible normal.

SPTOROReview Summary
Founded/
Registered Country/RegionSt. Vincent and the Grenadines
RegulationUnregulated
Market InstrumentsForex, Indices, Commodities, Stocks, Cryptocurrency
Demo Account/
Leverage/
EUR/USD Spread2.6 pips (Bronze account)
Trading PlatformSirix platform
Min Deposit$50
Customer SupportTel: +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

ProsCons
Various market offeringsLack of regulation
Multiple account typesUnfunctional website
Low minimum depositWide spreads
No MT4/5

Is SPTORO Legit?

SPTORO is entirely unregulated and poses risks for traders and investors.

No license

What Can I Trade on SPTORO?

Trading AssetAvailable
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 TypeEUR/USD SpreadCommission (World Indices, Equities US & Equities Asia)
Bronze2.6 pips15 USD per lot
Gold1.2 pips13 USD per lot
Platinum0.7 pips11 USD per lot
Diamond0.2 pips9 USD Per lot

Trading Platform

Trading PlatformSupported 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.

User Reviews

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User comment

2

Comments

Write a review

德善@WJ
more than one year
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!
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!
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2023-02-23 11:30
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Jeff林
more than one year
Veo que el sitio web de la empresa está caído... eso es horrible, tal vez estén en bancarrota. Después de todo, incluso no tiene las condiciones para tener una licencia regulatoria.
Veo que el sitio web de la empresa está caído... eso es horrible, tal vez estén en bancarrota. Después de todo, incluso no tiene las condiciones para tener una licencia regulatoria.
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2022-12-02 17:49
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