Score

1.35 /10
Danger

iToroStocks

United Kingdom

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Score

Regulatory Index0.00

Business Index5.79

Risk Management Index0.00

Software Index4.00

License Index0.00

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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

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Broker Information

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Company Name

iToroStocks Ltd

Company Abbreviation

iToroStocks

Platform registered country and region

United Kingdom

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-12-24
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

iToroStocks · Company summary

Since iToroStockss official website cannot be opened for now, we could only piece together the rough picture of this brokerage through gathering some relevant information from other websites.

Basic Information
Registered Countries United Kingdom
Regulation No License
Minimum Deposit €10000
Maximum Leverage 1:200
Minimum Spread N/A
Trading Platform N/A
Trading Assets Forex, Indices, Stocks, Cryptocurrencies, Commodities
Payment Methods VISA, MasterCard, Sepa, Wire Transfer, Bitcoin, Ethereum
Customer Support Email, Telephone support

General Information

iToroStocks is an online broker registered in the United Kingdom, giving their clients access to a series of trading instruments, including Forex, Indices, Stocks, Cryptocurrencies, Commodities.

With the iToroStocks platform, investors are given the flexibility of multiple trading accounts, the minimum deposit required for each account, however, is extremely high.

iToroStocks is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.12/10. Please be aware of the risk.

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Market Instruments

IToroStocks is an online trading platform that offers a wide range of assets to trade, including commodities, cryptocurrencies, forex, indices, and stocks.

Account Types

A total of five types of trading accounts are provided by iToroStocks, namely Silver, Gold, Platinum, Diamond, and VIP. IToroStocks requires insanely high minimum deposits for each account, with the Silver account from €10, 000, the Gold account from €25,000, the Platinum account from €100,000, the Diamond account from €250,000, and the VIP account from €500,000. Bear in mind that few legit brokers would ask for so high minimum deposits and this broker is 100% a scammer trying to steal your money at the very beginning.

account-types

Leverage

When it comes to leverage, IToroStocks provides its customers with access to 1:200, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.

Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.

Customer Support

IToroStocks says it offers 5/24 customer support, and they can be contacted through the following contact channels:

Telephone: +44 1884210604

Email: info@itoro-capital.london

Risk Warning

Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.

The information presented in this article is intended solely for reference purposes.

Pros & Cons

Pros Cons
Flexible trading account options No regulation
Extremely high minimum deposits
No MT4 or MT5 trading platform available
Inaccessible website

Frequently Asked Questions

What items can I trade with on IToroStocks

IToroStocks offers access to Forex, Indices, Stocks, Cryptocurrencies, Commodities.

What is the minimum deposit required by iToroStocks?

The minimum deposit to open a most basic account is 10,000 euros.

What is the maximum leverage available?

The maximum trading leverage that is available on the IToroStocks platform is up to 1: 200.

User Reviews

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发烂渣
more than one year
Scammers I invested €10 000. After I put my money in I got a fake email saying the system upgrade so for me to get my profit I have to upgrade to a higher-level account...
Scammers I invested €10 000. After I put my money in I got a fake email saying the system upgrade so for me to get my profit I have to upgrade to a higher-level account...
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2023-02-28 11:36
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more than one year
The minimum amount of 10,000 euros was amazing. I couldn't believe my eyes. A 3.5% commission is also uncompetitive. And their website is down. Everything is bad.
The minimum amount of 10,000 euros was amazing. I couldn't believe my eyes. A 3.5% commission is also uncompetitive. And their website is down. Everything is bad.
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2022-12-06 16:59
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