The site is owned by Bangladesh-based Uptrend Center, as this intermediary points out in client documents. The little-known firm boasts of “cooperation with leading exchanges” and guarantees clients safety and reliability. However, we didn’t find any licenses or proof of incorporation of a legal entity.
Can you trust your money to this CFD platform? We will reveal the real history of this broker in our ToroHive review. Read on and you will find out whether this project is legitimate or not.
How to Trade
The brokerage firm offers “sophisticated technology” that will supposedly give clients “clarity and control over finances.” However, the intermediary does not disclose the type of its platform and asset classes for trading. The company offers the following trading conditions:
- 5 accounts with minimum deposits ranging from $250 to $250,000.
- Leverage from 1:30 to 1:500.
- Spreads from 0.6/3.0 pips.
The affiliate program provides rewards of up to $25,000 for referring one friend. Withdrawal of funds to a cryptocurrency wallet is possible within 7 days.
Additionally, the broker provides traders with training, webinars, and a bonus program. In addition, clients with a premium account can receive trading signals.
ToroHive Vital Info
The company does not provide legal documentation and does not disclose when it was founded. Meanwhile, we found the date 13.02.2020, which is listed in the Terms and Conditions for clients. Although the website’s domain was not created until January 2024. Note that the domain name of this platform is torohive.com, and in all the provisions the broker refers to the website globaltrade101.com. Maybe all these Terms were just copied from someone else’s website?
The brokerage firm indicates the address of its office in Bangladesh, so it must be authorized to provide financial services in this jurisdiction. Despite this, we did not find either ToroHive or Uptrend Center in the register of BSEC, which issues brokerage licenses (Bangladesh Securities and Exchange Commission). Moreover, this brand is also absent in the global database of registered organizations. Presumably, the intermediary operates outside the legal framework.
I have been trading with Torohive broker for a long time. The company is constantly introducing something new, and virtual currency appeared on this platform not so long ago. At the same time, the company created an internal cryptocurrency wallet, and now it has become even more convenient to work with it. I trust this company, so I started working with the new service without any problems. There is a lot of information on the site, you will find there a full description of the entire process, tariffs, commissions and conditions. The big plus is that clients can receive trading signals every day if they open a VIP account! I would also like to mention that all clients now have access to excellent training webinars. Of course, I have not watched all of them, but sometimes I come across very interesting topics, some of them even make me think about continuing my education. The service is multifaceted at torohive.com, the programs are suitable for both manual trading and earning with EAs. I think even if you don't have much experience, you can find a place to make good money here.
When I heard about this brokerage company, I thought that quite a few people might believe their advertising and sign up for this trading platform. However, I would not recommend doing so. Why? It's quite simple, and is explained by the negative information on the official TOROHIVE website. The fact is that the company immediately declares to the potential client a full disclaimer. Of course, trading involves risks, and trading losses are commonplace. But here the broker completely refuses to take responsibility for everything that may happen to the trader's account!!! That is, if the client suddenly loses money because of account hacking on the part of the company, no one will be responsible for anything! This approach generates an endless maneuver for fraud.
Corporate broker offers its clients excellent trading conditions👏 During my time with the company I have not encountered any problems. The terminal is fast, the management is convenient, the earned money can be withdrawn at any time without any problems. I think that this broker provides all the basic functions of the terminal that a trader needs.
What confuses me is that there is a very limited set of payment systems and options for making deposits and withdrawals. By the way, this is one of the signs of scammers! TOROHIVE only provide you with the payment methods they themselves find easiest to work with, and no client verification is required. I'm not making any claims, but the whole profile of the company looks kind of dubious.
Unpleasant surprise! The terms and conditions are completely different from those on the site. I burned almost 5 thousand XRP in two months! Disgusting service, bad attitude from managers and support.
The support service is in English only and only answers general questions. I had a hard time withdrawing the remaining invested funds after I lost almost 0.012 BTC due to poor terminal performance.
I don't understand why I left my phone number on this site! I wanted to clarify the information and asked the tech support operator to tell me about the features of the platform, but in the end I didn't like ToroHive's offers. The minimum deposit amount is high for me, but they don't allow me to test the conditions on a demo account, they don't even work without Spanish speaking support. However, I left my phone number to a representative of this company and it was my fatal mistake!! I urge you not to do that!!!! First, the consultants will not give you any more information than what is on the website and online, and second, they will start spamming you like crazy. A ToroHive representative called me on Monday at about 9am, I was at work and couldn't answer him. However, he called me constantly! He called 20 times before lunchtime. I answered and the persuasion started and immediately he promised me a bonus that the firm was willing to give me for registering an account. He continues to call me every day even though it has been two weeks... I have a very unpleasant feeling, as if the scammers are watching me.
I've used the affiliate program several times, made up to $800 on each new customer here. I even traded with the funds received from the service quite successfully.
This broker has no official license from the regulator. This means that all activities of this firm are illegal, and you should not work with it.
I was interested in CFD trading, and I saw that this broker offers a huge selection of CFDs. ToroHive has exactly what I was looking for. The deposit is not that big - the minimum account is 250 dollars, while there are more interesting accounts, such as the Gold account for 50,000 dollars. I want to mention that not so long ago I started working with a personal manager and copying his transactions. This brings a good income, while I practically do not have to do anything. There is a referral program for additional earnings. In any case, I would advise you to start with the amount of 10,000 dollars, so you will have the most acceptable conditions, and the benefits will be visible immediately. Since the broker does not bully spreads :) they are quite narrow, standard, on average from 1.7 points.
Everything is so ridiculous and weird on this site. Torohive's main job is to pit customers against the broker? Nothing is accurately reflected on the chart here, it's like the managers are putting some kind of restrictions on the bitcoin rate. I bought this asset at normal price, and sold it at the same price, in the end my deposit showed drawdowns because of a serious commission. What is the point of such a transaction? There is no sense to anyone, and it's hard to call it trading, I don't see the point of working on torohive.com if I can't earn any money on this terminal... I suffered for a week and submitted a request to withdraw my deposit. At least the broker withdrew all my money to my cryptocurrency wallet, but this “cooperation” cost me 147 dollars in fees, which is not much if you look from the company's side.
The site of this broker is very similar to the usual scam. All the information that is listed here does not have any specifics at all. Even the trading conditions are not fully described at TOROHIVE. That is, the trader does not know what commissions the company will charge, and in general, what he will be able to trade on this or that type of account. Apparently, it is suggested that you should check this information with the managers. And they can persuade you, manipulate you so that you give these scammers any amount of money. Know that when some representative of the company promises you a big profit from this brokerage project with an incomprehensible reputation, but can't even tell you about the real trading conditions on their website, then you are facing scammers.
I categorically did not like earning with ToroHive because of the incompetent staff: whatever you ask - they crumple and stutter in response. If the firm decided to call itself the best service in trading, it should have picked adequate staff. When I had some questions about the charts, I contacted the support team, so they didn't answer anything for me! I had to contact representatives of another exchange where I work in parallel. I want to take back the invested 2,370 dollars and leave this broker.
I realized while researching the website that it is impossible to get information about who created this trading platform, who owns it and who is the beneficiary. Also, there is no information at all about whether torohive.com has a license. Tell me, will you send money to people you know nothing about!!!? Would you trust a company that probably isn't even authorized to provide the services it advertises!!!? I will not either!! Apparently, the calculation is on those who will just take the word of any stranger, give him a lot of money without a receipt and contract, and at the same time will not check anything. Yes, there are probably such naive people in the world. However, I am not in their circle, I always thoroughly check information about any broker before I start trading on its website. Meanwhile, the company Torohive, absolutely fails even the simplest first test.
I was already thinking about opening a brokerage account here. However, I decided to read reviews to start with about ToroHive online to make my decision for sure. Apparently, this saved me from losing money. After all, a lot of negativity exists on the Internet about the activities of this broker. Literally everyone who has used its services reports that clients' accounts here are blocked without any explanation. No thanks, I am not going to fall into such a trap and do not advise anyone.
Very unfavorable rates! The minimum deposit is $250 and the customer gets extremely unfavorable terms. I want to say, as a client, that my work with this broker was not very successful, I lost about 440 dollars, earned nothing on torohive.com and I consider these 1,5 months just lost time.