SpToro Review: An Extortionist Broker

SPToro is an investment platform that is targeting investors from the EU. The company is another scam that you should not waste your time or funds on. The venture is trading Forex, cryptocurrency, commodities, stocks, commodities, indices.

Investors are assured of trading with efficiency. The company brags that veteran traders are using their platform in their activities. They are also offering educational services to their clients. The venture brags of having several features like advanced strategies and fast trade execution.

SPToro brags that their customers will have the best trading experience. Unfortunately, the broker is not reputable in the market. There are a few people that know their existence. The company assures investors they will have expert advice from their experienced team.

Sadly, the platform fails to credit its employees. Therefore, we cannot attest whether they are really qualified for the job. Transparency is one of the main features that we look for in a company. Unfortunately, scammers ensure that they remain anonymous at all costs.

Invest with legit forex trading companies in the market that are famous and reputable. You will all the assurance that you need. Moreover, these brokers are licensed by the appropriate government. The safety of traders one of their priority.

Sptoro.com Review

SPToro allows investors to enter, exit, and execute a stop-loss order. The company also has an economic calendar. The firm is easy to use and claims its support is responsive in time. Traders are guaranteed only profitable experience.

You will maximize your returns. However, it is important to keep in mind that the assets that this broker is dealing with are volatile. Therefore, it is not possible to only have positive wins. You need to be patient for you to gain the right trading skills.

SPToro is a scam that will only leave you high and dry. The company boasts of having the best trading conditions. Unfortunately, investment is more of factual statements and when there is no proof of we can only take their claims as a bluff.

The broker states that it has several benefits. In regard to their safety, the platform only has an SSL certificate. However, this will only protect investors from hackers but the real people that you should be wary of are the ones running this company.

SPToro does not offer fund safety since it is an illegal venture. The entity is targeting investors from Europe one of the areas that have strict requirements for financial investment platforms. We do not recommend investors use this firm.

SPToro Trading Conditions

The company brags that it is all above innovative and offering its clients a better experience using cutting-edge tech. Unfortunately, they are using an old fashion web-based trading platform. The broker is capable of manipulating the data that it presents to its clients.

Investors should stick to brokers that are offering the MT4/MT5 trading interface. SPToro a spread of 0.1 pips on the EURUSD currency pair. It is lucrative but the problem is that you are more likely to lose your money with the suspicious firm.

We do not know the leverage cap that the entity is offering investors. Considering that they are not licensed the broker will provide high leverage than what the financial bodies permit. Fraudulent ventures are very enticing and will manipulate traders using all means.

Withdrawal and Deposits

SPToro allows investors to deposit as low as $50. Investors can either cash in using a phone Debit or credit card option. The best method that you can use is the credit option since it allows clients to conduct a chargeback.

Avoid sharing your personal data with scammers as they can make deposit funds using your info. The platform does not disclose the minimum amount which investors can cash out from their system. Sadly, the fees which the company charges are high and unrealistic.

It ranges from 25 Euro up to 50 Euro. You need to be patient with this broker as the cashout request is handled within 7 days. Investors whose account becomes dormant will have to comply with the inactivity policy.

Unfortunately, there is inadequate information on their website. We do not know the period in which an account becomes inactive. However, you will be subjected to a fee of 25 EUR or 5%. The firm will exploit you without any mercy.

SPToro is also offering a trading bonus to their clients. Kindly note that the requirement that scammers enforce does not allow traders to withdrawal the bonus. For instance, this entity need is customers to meet a trade of 40 lots in the $200 bonus.

Contact Details

SPToro is a company that is allegedly being operated by SPT Media LLC. The broker is an offshore entity that is based in SVG. St Vincent and Grenadine is one of the areas that is infamous for hosting scam ventures.

The government has made it clear that it does not license forex trading activities or any other online financial venture. Therefore, this firm will do like it, please. The company is also discrete and their website can go offline without notice.

SPToro lacks transparency and we do not know the experience of the people running this company. Avoid this platform since it will only leave you high and dry. The government will not come to your rescue since their identity is concealed.

Regulatory Status

SPToro is a company that is not licensed by any government in the globe to conduct its business. Nonetheless, this firm is collecting money from all investors. They are breaking a number of rules without caring.

The people managing this broker have no intention of making anyone rich. They are only looking after their greedy needs. Investors need to be cautious when engaging with offshore brokers. You won’t get fund safety from this firm.

SPToro has also been blacklisted by   CNMV financial watchdog. It is a clear indicator that you are putting your money at higher risk. It is better to deal with licensed brokers that segregate the fund of investors into separate accounts.

Additionally, they report their daily activities to the financial bodies. Hence, your money will not be used for the personal use of the company. Stay away from this obvious scam that has already been exposed.

EU citizens need to avoid the entity since it is targeting them. Invest only with the best entities that are licensed by the FCA, NFA, CySEC, and ASIC. These are some of the reputable financial watchdogs in the industry.

Final Verdict

SPToro is a platform that does not offer fund safety to investors. You can lose all your money in a second by trusting this venture. Invest with reliable and transparent forex trading companies. These ventures have the best trading experience for their clients.

Scammers are only looking after their greedy needs. Sharing your personal data with them only exposes you to a greater risk of being constantly contacted. SPToro is blacklisted and trading with them is a blind move.

Investors who entrust the firm will not make money with them. They use lucrative offers to win over investors. However, the charges which the scam inflicts on their clients are unacceptable. The company is an extortion system based in an offshore area.

Tags: SpToro Review, Sptoro.com Scam Review