MONTTORO

Note: As the below screenshot shows, MONTTOROs website (https://www.monttoro.com) are on working while writing this introduction. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.

General Information & Regulation

MONTTORO is allegedly a forex & CFD brokerage company registered in the United States that claims to provide its clients with the worlds leading MetaTrader5 trading platform.

As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.

As for regulation, it has been verified that MONTTORO does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.22/10. Please be aware of the risk.

Negative Reviews

A trader shared his terrible trading experience in the MONTTORO platform at WikiFX. He said he was unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.

Market Instruments

MONTTORO is a forex & CFD broker that mainly offers forex currency pair and CFD trading. However, more specific information about tradable assets cannot be found on the Internet.

Trading Platform Available

The platform available for trading at MONTTORO is the state-of-the-art MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Deposit & Withdrawal

MONTTORO appears to accept only two payment methods, consisting of cards and wire transfers.

Bonuses

MONTTORO states that accounts are credited with a bonus upon their creation, however, a withdrawal removes the bonus and the profits made by trading. You can check out more details with the below screenshot.

In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Customer Support

MONTTOROs customer support can be reached by telephone: +1 276 4513 133, email: support@monttoro.com. Company address: 32,6th avenue, New York, NY 10013, USA.

Risk Warning

Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.