Torgado Trader has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I wanted to transfer my portfolio from another broker to Torgado Trader. They said they do not accept in-kind transfers for my asset type. I had to sell, withdraw, deposit, and rebuy - incurring taxes and spread costs. They did not tell me this before I signed up.
Pros: Social trading features|Portfolio tracking tools|Fast deposits
Cons: Research section could be deeper
Torgado Trader locked my account without warning and demanded documents I had already submitted. for roughly four months later I still do not have access to my funds. Their compliance team does not respond to emails. I am considering legal action.
Pros: API access|Low minimum deposit|Risk management tools|No hidden fees
Cons: No live chat on mobile|Some tools only available on higher tiers
I gave Torgado Trader a fair chance. After for a couple of months now of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Reliable uptime|Clear documentation|Market news feed
Cons: Limited social trading features|No fractional shares
Torgado Trader offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Fast deposits|API access|Responsive team
Cons: Email notifications too frequent
I closed a profitable position at Torgado Trader and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Good mobile app|Portfolio tracking tools
Cons: Mobile app could be improved|Minor UI glitches occasionally
My card was charged twice by Torgado Trader on the same day. I had to dispute it with my bank. Torgado Trader then froze my account and said I had a negative balance because of the chargeback. They created the problem and then punished me for it.
Pros: Detailed reporting|API access|Great customer service|Good analytical tools
Cons: Charting tools need more indicators
I signed up with Torgado Trader from a review site like this one and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Stable platform|Competitive fees
Cons: No fractional shares
I joined Torgado Trader through word of mouth in my investment club and from the start, things felt off. The signup process collected far more personal information than necessary, the verification took unreasonably long, and when I finally got access, the platform was nothing like what was advertised.
Pros: Professional team|Segregated accounts
Cons: Withdrawal takes 1-2 business days
Torgado Trader has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Great customer service|Professional team|Educational resources|Low minimum deposit
Cons: Mobile app could be improved
Do not use Torgado Trader for anything serious. I used them for the past year and a half for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Social trading features|Good mobile app|Wide product range
Cons: Desktop app not available on Linux