What is Torobanc?

https://www.toro-banc.org/    

Torobanc is a scam masquerading as an investment platform.

Torobanc fails to disclose any information about its regulatory status, which is a significant scam indicator. Typically, legitimate brokers will prominently display such information to instill transparency and trust.

The platform provides an address in Switzerland, where the financial regulator is Financial Market Supervisory Authority (FINMA). However, we searched the FINMA registry and discovered that the Swiss authority has added Torobanc to its warning list, saying that it is not in their commercial register. The full warning by FINMA can be accessed here.

Therefore, BrokersView has concluded that Torobanc is a scam. Entrusting this broker with investors' funds and personal information is highly risky, as there are no rules in place to prevent fraud or theft. To avoid such risks, it is better to steer clear of unregulated brokers like Torobanc and choose a fully regulated one.