Broker Review

Company Overview

Virturo is a trading platform that offers access to a variety of financial instruments, including cryptocurrencies, forex, indices, and commodities. It provides users with tools for both active trading and long-term investment strategies. The platform is operated by Finastra LTD, a privately held company registered in the Marshall Islands.

Key Features

• Account Types: Virturo offers multiple account options, such as Spread, Commission, and Swap-Free accounts, catering to different trading preferences.

• Leverage: The platform provides leverage of up to 1:400 for Pro accounts.

• Educational Resources: Virturo offers a range of learning materials, including a financial dictionary and trading guides, to assist both novice and experienced traders.

• Security Measures: The platform implements advanced security protocols, including encryption and two-factor authentication, to protect user data and assets.

Regulatory Status

Virturo is not authorized or registered by the UK Financial Conduct Authority (FCA). The FCA has issued a warning stating that Virturo may be providing financial services or products without proper authorization. This means that users dealing with Virturo do not have access to the Financial Ombudsman Service or the Financial Services Compensation Scheme.

User Feedback

• Trustpilot: Virturo has a TrustScore of 2.8 out of 5, based on limited reviews.

• Reviews.io: The platform has received positive feedback from some users, with a rating of 4.9 out of 5 from 271 reviews.

Conclusion

While Virturo offers a range of trading tools and educational resources, its lack of regulatory authorization raises concerns. Potential users should exercise caution and consider the risks associated with trading on an unregulated platform. It is advisable to seek platforms that are authorized by recognized financial authorities to ensure greater protection and recourse in case of issues.