Torocoin Review : Fees, Pros and Cons, Reviews by Real Traders

Torocoin

Operating status: SCAM

Website: https://toroc.io/ https://torocoin.io/

Broker violations and abnormal records

Jan 17, 2023 The Canadian IIROC Added Torocoin Into Its Alerts
On 18 Jan 2023, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning that Torocoin was never registered with IIROC and is not a member of IIROC, to sell forex or crypto assets, or any other investment products. You may visit: https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-torocoinio

On 18 Jan 2023, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning that Torocoin was never registered with IIROC and is not a member of IIROC, to sell forex or crypto assets, or any other investment products. You may visit: https://www.iiroc.ca/news-and-publications/notices-and-guidance/investor-alert-torocoinio
Jan 27, 2023 BrokersView has Reviewed that Torocoin is an Unregulated Forex Broker
Torocoin claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.
Besides, Torocoin shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for the tforthis broker in FCA.
More importantly, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning that Torocoin was never registered with IIROC and is not a member of IIROC, to sell forex or crypto assets, or any other investment products.
The truth is, Torocoin is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.

Torocoin claims to be a reliable firm while presenting no details about its regulations. Lacking regulatory information may be a distinct characteristic of unlicensed brokers, as legit brokers always present their certificates and licenses in a prominent position. It is a red flag here.Besides, Torocoin shows its company address is in the United Kingdom. As per the United Kingdom law, all firms and individuals offering, promoting, or selling financial services or products in the UK have to be authorized or registered by the UK Financial Conduct Authority (FCA). However, we did not find any match results for the tforthis broker in FCA.More importantly, the Investment Industry Regulatory Organization of Canada (IIROC) issued a warning that Torocoin was never registered with IIROC and is not a member of IIROC, to sell forex or crypto assets, or any other investment products. The truth is, Torocoin is not under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. It is a scam.
Jun 06, 2023 BrokersView noticed that Torocoin is using a new domain
With the old website https://torocoin.io/ unavailable, Torocoin is using a new domain https://toroc.io/ to solicit investors. Please beware of the risks involved and stay away from the scam.

With the old website https://torocoin.io/ unavailable, Torocoin is using a new domain https://toroc.io/ to solicit investors. Please beware of the risks involved and stay away from the scam.
Jun 04, 2023 The Belgiam FSMA added Torocoin to its warning list
On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Torocoin to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

On June 5, 2023, the Belgian Financial Services and Markets Authority (FSMA) added Torocoin to its warning list as a fraudulent trading platform: https://www.fsma.be/en/warnings/beware-these-new-fraudulent-trading-platforms-0

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FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

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