Toro Invest Review – Resemblance to Famous Brands Won’t Help

As you can tell from their name, Toro Invest broker tries really hard to look like some regulated firms, such as ToroInvest (toroinvest.com) or eToro. And yet, they fail miserably.

In this detailed Toro Invest review, we will disclose all the faults of the broker in question. In addition, we will give you some advice on how to recover your money if you fall victim.

Who Is Behind Toro Invest Broker?

For a start, we have to mention that Toro Invest, operating under the domain toro-invest.com, has nothing to do with the formerly CySEC-licensed Toro Invest, operating as FF Simple and Smart Trades Investment Services Ltd. Furthermore, the company we’re reviewing today has added a UK address to its website, which implies that it falls under the FCA regulatory umbrella.

Sadly, we found nothing related to this brand after checking the FCA register. In addition, their legal documents point out that the website is to be used in accordance with the laws of Estonia. And yet, the domestic license provider, FI, has nothing on Toro Invest.

This clearly shows that we’re dealing with another scam broker. Let’s see what else we can discover.

Toro Invest Reviews – Are Users Satisfied?

Despite the company’s false claims of over 5 million users, we found no Toro Invest reviews. Quite interesting, don’t you think? This is especially true since the broker’s domain was registered in March 2024. Even tier-1 regulated firms are unable to have 5 million users and $72 million in capital in four short months of existence.

According to website analytics and our research, Toro Invest scam brokerage mainly targets the following countries:

• United Kingdom
• United States
• Italy
• Canada
• Australia.

As you can see, all wealthy nations with stringent financial rules in place. It’s just a matter of time before the regulators will expose the scam and the broker will vanish. Before it happens, we advise that you start the chargeback procedure and recover your money in time. For more information about how to do it, contact our recovery specialists.

Toro Invest Trading Conditions – What to Expect?

Normally, we advise customers to expect just about anything with unregulated brokers. From fake fees to frozen Toro Invest login credentials, anything can happen. 

Let’s see what this broker admits to offer and what remains unknown.

Toro Invest Fees, Commissions, and Other Expenses

No matter how hard you try, you won’t find any Toro Invest fees transparently listed. On its main page, the company boasts about its excellence, wealth management services, and investment advisory options. And yet, they don’t state what the commission they charge for it all is.

This is a clear sign to stay away. Instead, you can choose a regulated broker and know the exact amount you’ll have to withdraw after all the expenses are covered.

Toro Invest Leverage – Another Thing Against the License

Finally, something we know. Toro Invest leverage stands at 1:100 for all account types. Yet, they claim to originate from the UK. If this were the case, the brokerage would need to comply with the FCA regulation and offer a maximum of 1:30 to retail traders. 

Toro Invest Account Types Overview

Since we mentioned Toro Invest accounts, let us show you how absurd they are. If you decide to make an initial deposit, you can choose among the following:

• Micro – 250 EUR
• Standard – 2,500 EUR
• Trader – 10,000 EUR
• Award – 25,000 EUR
• Pro – 50,000 EUR
• VIP – 100,000 EUR
• Diamond – 200,000 EUR
• Elite – 500,000 EUR

Yes, you saw it right. Toro Invest minimum deposit is 250 EUR, and you get nothing. You’re limited to only 9 currencies to trade, and you get no account insurance. If, however, you decide to upgrade, you can get account insurance ranging from 10% to 50% and access to all trading assets. And yet, we believe it’s all bait to get more money out of you.

Toro Invest Trading Instruments On Offer

This is where things get really confusing. According to the account types section, the company offers 4 asset classes with each account. And yet, their main web page lists five, those being:

• Currency pairs – EUR/USD, GBP/AUD, NOK/SEK
• Commodities – oil, gas, gold
• Cryptocurrencies – BTC/USD, LTC/USD, ETH/USD
• Stocks – Amazon, Alibaba, Tesla
• Indices – DAX30, CAC40, FTSE100

And yes, we’re well aware of the issue – they listed currency pairs under stocks and indices. If it seems like they don’t know what they’re trying to sell, it’s because they don’t.

Can I Get Any Trading Education?

We believe that throughout this Toro Invest review, you understood that this broker has no clue what they promote. Therefore, it would be ridiculous to expect any sort of education about their products.

Of course, we’d say it’s for the best. Since the firm is not licensed, neither are their employees. And the last thing you need is to learn how to trade with a fake financial advisor, a.k.a. boiler room agent.

How to Contact Customer Support?

If you encounter any issues with this brokerage, you have several options. You can fill out the web form, send an email, or call them directly via a UK phone line. However, the response time probably varies depending on your question.

If you wish to deposit the money, they will contact you right away. On the other hand, if you’re interested in Toro Invest withdrawal, we believe you will have to wait quite a long time. And we’ll now explain why that is so.

Withdrawal Terms and Conditions

According to their quite confusing legal documents, the company provides bonuses. These bonuses and all the profits generated from the so-called undeposited funds are not available for payout. Simply put, you will have to prove how much you earned using your own capital and how much you earned with the added incentives. This is the main reason regulated firms are prohibited from providing bonus funds.

Furthermore, there are hefty withdrawal fees, including:

• 50 USD/EUR/GBP for wire transfers (min. withdrawal 250 units)
• 25 USD/EUR/GBP for card transfers + processing fee of 10 USD/7 EUR/5 GBP (min. withdrawal 100 units)
• 25 USD/EUR/GBP for ePayments (min. withdrawal 100 units)

Additionally, there’s a 10% withdrawal fee for all accounts that haven’t reached a turnover of 200 trades or have not been verified. This tells us that the company works directly against the law and approves payouts without following KYC and AML procedures and laws.

Key Things to Consider

To summarize everything we’ve learned, Toro Invest is an unregulated trading brokerage allegedly based in the UK. The company doesn’t comply with the FCA regulations in terms of trading conditions or bonuses and withdrawals. Therefore, issues are more than probable.

In such a case, contact our recovery experts. We’re offering a free first consultation to all our clients, where we will review your case in detail and see if you have the legal ground to request a refund. If so, we will prepare a detailed plan of action. Don’t give up on your money. Contact us today.

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