About TORROSO
Overview
Torroso is a forex and CFD broker registered in Mauritius, founded on 23 August 2023. The company operates from an address in Ebene, Mauritius. It offers online trading services to retail clients globally, with a focus on leveraged products such as forex, shares, commodities, precious metals, indices, and futures.
The broker provides two main account types: Standard and Pro, with minimum deposits of $50 and $20,000 respectively. Both accounts offer a maximum leverage of 1:500. Torroso claims to support trading on the MetaTrader 5 platform, with a demo account available for practice.
Regulation and Safety
Torroso is currently not regulated by any financial authority. The broker is registered in Mauritius, but it does not hold a licence from the Financial Services Commission (FSC) of Mauritius or any other regulator. This lack of regulation means that client funds are not protected by any compensation scheme, and there is no external oversight of the broker's operations.
Industry databases and user reports have flagged Torroso as high-risk. Complaints about difficulty withdrawing funds have been noted. The FXCanary scam risk score for Torroso is 75 out of 100, indicating a severe level of risk.
Account Types
Torroso offers two live trading accounts: Standard and Pro. The Standard account is designed for retail traders with a low entry barrier of $50. It provides variable spreads from 0.0 pips, a maximum leverage of 1:500, and no commission. The Pro account targets high-volume traders, requiring a $20,000 minimum deposit. It offers leverage up to 1:500 and improved spreads, described as 0.5 pips better than the Standard account, with no commission.
Both accounts support base currencies including USD, EUR, GBP, PLN, and AED. Leverage is set at a maximum of 500:1 across both tiers, which is considered high and can amplify both gains and losses.
Trading Platforms
Torroso exclusively offers the MetaTrader 5 (MT5) platform. MT5 is a multi-asset trading platform known for its advanced charting tools, technical indicators, and automated trading capabilities. Traders can access MT5 via desktop application, mobile app, or web browser. The broker also provides a Virtual Private Server (VPS) service through its technology partners.
The choice of MT5 is common among forex and CFD brokers, and it supports a wide range of order types and execution modes. Torroso states that it uses an STP/ECN model to provide direct market access and competitive pricing.
Instruments and Markets
Torroso claims to offer over 470 tradable instruments across multiple asset classes. These include currency pairs (forex), stock CFDs, commodities (such as gold, silver, oil), precious metals, indices, and futures. The broker does not currently list specific instruments or contract specifications on its website.
The product range is typical for a retail CFD broker, allowing traders to speculate on price movements without owning the underlying asset. However, the lack of detailed instrument information may make it difficult for traders to evaluate the offering fully.
Deposits and Withdrawals
Torroso accepts deposits via bank wire transfer and other unspecified methods. The minimum deposit is $50 for the Standard account. Withdrawal methods are not detailed on the website, but the broker claims to offer simple and quick methods.
User reports have flagged difficulties with withdrawals, suggesting potential delays or obstacles when trying to access funds. This is a common risk associated with unregulated brokers, and combined with the high leverage offered, it poses a significant concern for traders.
Overview compiled by FXCanary from regulatory records and public data. full TORROSO review