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No valid regulatory information, please be aware of the risk!
Since iToroStockss official website cannot be opened for now, we could only piece together the rough picture of this brokerage through gathering some relevant information from other websites.
|Registered Countries||United Kingdom|
|Trading Assets||Forex, Indices, Stocks, Cryptocurrencies, Commodities|
|Payment Methods||VISA, MasterCard, Sepa, Wire Transfer, Bitcoin, Ethereum|
|Customer Support||Email, Telephone support|
iToroStocks is an online broker registered in the United Kingdom, giving their clients access to a series of trading instruments, including Forex, Indices, Stocks, Cryptocurrencies, Commodities.
With the iToroStocks platform, investors are given the flexibility of multiple trading accounts, the minimum deposit required for each account, however, is extremely high.
iToroStocks is not subject to any regulation to operate illegally. And thats why WikiFX has given this broker a very low score of 1.12/10. Please be aware of the risk.
IToroStocks is an online trading platform that offers a wide range of assets to trade, including commodities, cryptocurrencies, forex, indices, and stocks.
A total of five types of trading accounts are provided by iToroStocks, namely Silver, Gold, Platinum, Diamond, and VIP. IToroStocks requires insanely high minimum deposits for each account, with the Silver account from €10, 000, the Gold account from €25,000, the Platinum account from €100,000, the Diamond account from €250,000, and the VIP account from €500,000. Bear in mind that few legit brokers would ask for so high minimum deposits and this broker is 100% a scammer trying to steal your money at the very beginning.
When it comes to leverage, IToroStocks provides its customers with access to 1:200, which is greater than the levels regarded appropriate by many regulators, with the maximum leverage for major currencies up to 1:30 in Europe and Australia, and 1:50 in the United States and Canada.
Since leverage can amplify both gains and losses, it can result in devastating losses for investors who lack experience. If you're just starting out in the trading world, it's best to stick with the lower size, no more than a 1:10.
IToroStocks says it offers 5/24 customer support, and they can be contacted through the following contact channels:
Telephone: +44 1884210604
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
Pros & Cons
|Flexible trading account options||No regulation|
|Extremely high minimum deposits|
|No MT4 or MT5 trading platform available|
Frequently Asked Questions
What items can I trade with on IToroStocks？
IToroStocks offers access to Forex, Indices, Stocks, Cryptocurrencies, Commodities.
What is the minimum deposit required by iToroStocks？
The minimum deposit to open a most basic account is 10,000 euros.
What is the maximum leverage available？
The maximum trading leverage that is available on the IToroStocks platform is up to 1: 200.
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