Torobase

Torobase Information

Registered in the United States, Torobase is a brokerage company specializing in Forex and Crypto. Torobase provides two-factor authentication for crypto account withdrawals and demo accounts to protect beginners and focus on user transactions, funds, and privacy security. Restful API can be integrated with any third-party services and robots to provide trading efficiency and easy management of funds. However, the unregulated status will bring trading security concerns to users and the 3000x leverage also means greater risks.

Pros and Cons

Is Torobase Legit?

Torobase is not regulated, making it less safe than regulated brokers.

What Can I Trade on Torobase?

Investors can trade forex and crypto, which is the exchange of one currency for another. You can exchange Euros for US Dollars (EUR/USD), or Bitcoin for US Dollars (BTC/USD), etc. Market Time is from Sun 9 PM to Fri 9 PM (UTC), traders can enter and exit at any time during this period.

Account Type

Investors can choose real and demo accounts that only take 3 minutes to open a new account. Cryptocurrency-based real trading accounts support global markets and demo accounts.

Torobase Fees

The spread is from 0.1 pips, while the lower the spread, the faster the liquidity. However, the official website does not disclose more fee information, such as commissions, swap fees, handling fees, etc., which will result in opaque deductions.

Leverage

The maximum leverage is 1:3000 meaning that profits and losses are magnified 3000 times.

Trading Platform

Torobase is an online trading software designed specifically for trading global markets and managing your trading accounts and funds. Unlock advanced algorithmic trading with open APIs, no installation required, and secure encrypted access on any device.

Deposit and Withdrawal

The first deposit amount must be $10 or above. Torobase accepts VISA, MasterCard, G-Pay, BankTransfer, and more for deposit and withdrawal. Regarding withdrawal, accounts are protected by two-factor authentication, meaning traders must log in with a password and confirm withdrawals using a verification code sent via email, improving user funds security.

Customer Support Options

Torobase provides 24/5 customer support. However, only providing a single contact method such as sending a message lacks immediacy and reduces the efficiency of problem handling compared to a phone call.