Torobase Information
Torobase Is Registered In The United States And Is A Brokerage Specializing In Foreign Exchange And Cryptocurrencies. Torobase Provides Two-factor Authentication For Cryptocurrency Account Withdrawals And Offers Demo Account Accounts To Protect Beginners And Focus On User Trading, Funds And Privacy Security. Restful Application Programming Interface Can Be Integrated With Any Third-party Services And Bots To Provide Trading Efficiency And Easy Management Of Funds. However, An Unregulated State Will Bring Users Concerns About Trading Security, While 3000x Leverage Also Means Greater Risk.
Pros And Cons
Pros
Spreads As Low As 0.1 Pips
24/5 Support
Demo Accounts Available
Open Application Programming Interface Access
Cons
Unregulated
High Leverage (3000x)
Single Contact (sending Messages)
Is Torobase Legal?
Torobase Is Unregulated And Less Secure Than Regulated Brokers.
What Can I Trade On Torobase?
Investors Can Trade Forex And Cryptocurrencies, That Is, Exchange One Currency For Another. You Can Exchange Euros To US Dollars (EUR/USD), Or Bitcoin To US Dollars (BTC/USD), Etc. Market Hours Are From 9pm On Sunday To 9pm On Friday (UTC), During Which Traders Can Enter And Exit At Will.
Account Types
Investors Can Choose Between Real And Demo Accounts, And It Only Takes 3 Minutes To Open A New Account. Cryptocurrency-based Real Trading Accounts Support Global Markets And Demo Accounts.
Fees
Spreads Start From 0.1 Pips. The Lower The Spread, The Faster The Liquidity. However, The Official Website Does Not Disclose More Information On Fees, Such As Commissions, Exchange Fees, Handling Fees, Etc., Which Will Lead To Opaque Deductions.
Leverage
Maximum Leverage Ratio Is 1:3000, Which Means That Profits And Losses Are Magnified By 3000 Times.
Trading Platform
Torobase Is An Online Trading Software Designed Specifically For Trading Global Markets And Managing Your Trading Accounts And Funds. Unlock Advanced Algorithmic Transactions With Open Application Programming Interface S, No Installation Required, And Securely Encrypted Access On Any Device.
Deposits And Withdrawals
The Initial Deposit Amount Must Be 10 Dollars Or More. Torobase Accepts VISA, MasterCard, G-Pay, Bank Transfers, And More For Deposits And Withdrawals. Regarding Withdrawals, Accounts Are Protected By Two-factor Authentication, Meaning That Traders Must Log In With A Password And Confirm Withdrawals Via A Verification Code Sent By Email, Improving The Security Of User Funds.
Customer Support Options
Torobase Provides 24/5 Customer Support. However, Providing Only A Single Contact Method, Such As Sending A Message, Lacks Immediacy And Reduces The Efficiency Of Problem Handling Compared To Phone Calls.
