Carioro

( 1.86 )
7 reviews
Suspicious
This company shows several warning signs of potential fraud.
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Key Highlights Critical Insights
Pros|Cons Details FAQ Reviews Broker Profile
Pros
The website is translated into 5 languages.
Cons
Offshore license, without serious control.
No financial statements or liquidity.
Real commissions and spreads are not specified.
Risks of losses due to high leverage.
Few reviews on the internet.
Short operating period.

Company Background

Capitalist Ltd, which operates this brokerage platform, claims to be located in the Republic of Nauru, registered under number 003472024 and regulated by the ISA under license number 053015-018. However, the firm does not disclose its history or the names of its founders. As for the domain, it was created only on April 30, 2025.

In our Cariorol review, we explore how profitable it is to trade with this broker. In addition, we will examine the activities of this company from different angles: from general information about its services to verification of its legal data.

Overview of Services and Trading Terms

Carioro promises to provide clients with “a safe and secure space for effective trading and portfolio management with risk awareness.” However, its terms and conditions are no different from those offered by many offshore forex brokers. In addition, it is unknown what platform Carioro uses. However, it is unlikely to be any well-known and advanced software.

The broker requires a high initial deposit of $5,000 and does not provide demo accounts.

Carioro offers a range of 5 trading plans. It should be noted that the rates are structured in such a way that the client has to pay more money if they want to receive a wider range of additional services. However, the leverage once again confirms that the company does not have a license from a serious regulator. Since they limit the leverage to 1:30, Carioro allows the use of up to 1:200 or 1:400.

The company does not disclose the size of the commission and does not provide information about spreads and other fees.

The brokerage platform promises to provide more than 1,000 trading instruments. Carioro’s additional services include an Education Center, Hedging, and Negative Balance Protection. However, almost all of them are only available with a deposit of $250K or more.

Referral and Bonus Schemes

The company does not offer an affiliate program. As for bonuses, they are mentioned in the Carioro user agreement, but with extremely vague wording. The company reserves the right to hold promotions or provide bonuses “at its discretion” with mandatory trading requirements. However, there are no specific rules or conditions regarding how bonuses will be worked off. Note that this is a typical tactic of offshore companies: they lure traders with incentives and then announce impossible conditions for working off bonuses, using them as an excuse to refuse to withdraw funds.

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FAQ

Is there any income guarantee when trading with carioro.com?

No, we did not find any publicly available promises of income to customers.

What sum is necessary to begin dealing with Carioro?

The minimum deposit is $5,000. This amount is stated in the broker's pricing plans. However, no clear justification for such a high entry threshold has been provided.

What deposit and withdrawal methods are available?

Payment methods are not disclosed on the website. However, bank cards and transfers are mentioned in Carioro's Terms of Use.

Is carioro.com a legitimate website?

We checked the regulation of this broker and found Capitalist Ltd in the Nauru (ISA) registry. However, this license has no weight in the world of asset trading.

Is it like roulette with no guarantee of earning money?

Yes, you will most likely lose all your investments with Carioro, because in addition to the inherent risks of CFD trading, you will not find protection from an offshore regulator in case the company violates its obligations. Also, judging by the domain, the project was launched just a couple of months ago.
John Hartman - lead author on Scamroulette.com
John Hartman

Although I cannot call Carioro’s work a scam, I will not recommend it to you for trading. This broker belongs to the category of high-risk companies, primarily due to its offshore registration. Therefore, it does not even deny a possible conflict of interest with clients in its Rules. Since Carioro operates on a 100% B-Book business model, I am well aware that such a broker can disappear with traders’ money at any moment, manipulate charts, block the withdrawal of client funds or accounts, and much more.

Overall Score

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1.86/5
OVERALL

Based on 7 votes

7 reviews about Carioro

  • Karen Sharp
    1 review
    02.07.2025 21:56
    How can they deceive people like that???

    The manager promised me “guaranteed profits,” and I believed him… I deposited €8,000 into my Carioro account, and at first, everything looked great — the numbers were going up. But when I tried to withdraw my money… suddenly there were “issues with the bank” or claims that “my account was blocked due to suspicious activity.” Suspicious? It’s my money!
    I messaged support at least 10 times! All I got were bots and copy-paste responses. And then, out of nowhere, they just deleted my account. The so-called manager? Completely vanished, won’t pick up the phone.
    People, please be careful. This looks like a well-organized scam. They lure you in with promises and then disappear with your money.

  • Pe88lll*and!
    1 review
    28.06.2025 00:18
    I tried it, and it was worth it

    I read reviews about this broker and their documents, and checked how reliable they were. My friends from the trading chat recommended carioro to me, saying that it was an excellent platform for making money. Indeed, they have a wide selection of assets, minimal spreads, adequate leverage, and many useful tools. In addition, I liked the analytics. Everything looks very professional. However, there were mixed opinions in the reviews on the Internet, but I decided to give it a try anyway. I opened a trading account and had no problems. Now I am completely satisfied with their services. I have already managed to earn a decent amount and withdraw it to my account without any problems. So far, everything is fine at carioro.com.

  • R01((ie-mi1
    1 review
    25.06.2025 02:10
    Obvious scam

    A dirty offshore company… with a high minimum deposit and no mandatory options such as a demo version and cent rates… I don’t understand how people fall for such an obvious scam…

  • Sidney Zimmerman
    1 review
    20.06.2025 11:39
    They took my money and then cheated me

    It’s a complete nightmare. This company took all my money!!! At first, they lured me in with promises that I would finally be able to earn a decent living, and I was very enthusiastic. CARIORO employees began to “teach” me what trading is, how to trade on Forex, but at the same time, they persistently asked me to fund my account every time my balance ran out. This went on for a long time until I realized that their goal was not to teach me at all. It was simply profitable for them to extract money from me. They didn’t try to teach me anything; they just used me to drain my funds on carioro.com.

  • Mr. Adkins
    1 review
    12.06.2025 09:13
    My first withdrawal was successfully completed!

    Yesterday, I successfully withdrew my first money from my account! To be honest, I was worried before that because I had heard many stories about unscrupulous brokers who block withdrawals. But everything went smoothly and without any problems with CARIORO. The money was credited to my card immediately. In addition, I decided to accept their first deposit bonus and received an additional income of about $1,000 for it. This is a nice addition to the main profit. I should note that I used to work with only one large American platform, where the registration and work process were complicated and time-consuming. However, I decided to try something new and I don’t regret it 🙂 I recommend carioro.com! In two months of work, I was able to withdraw more than $2,300, and this gives me the confidence to recommend this broker to other traders.

  • Jonathan
    1 review
    06.06.2025 03:28
    They stole my money very easily

    I had wanted to try my hand at trading on the Forex market for a long time, and, as luck would have it, representatives of this fraudulent company called me with a tempting offer. I decided to register on carioro.com, created an account, and made an initial deposit of $5,000. At first, I started learning about trading on my own, as they have a section with educational materials. Everything seemed to be going well, and I began to understand the market and even make a small profit. However, my training did not end there. A carioro manager called and strongly recommended that I deposit another $20,000 to connect an analyst to my account. According to him, this specialist was supposed to help me trade more confidently and increase my profits. Meanwhile, I had the money, so I decided to give it a try. As it turned out, it was in vain. The “analyst” turned out to be not a professional, but a crook. Under his guidance, my trades began to close one after another at a loss until I lost my entire deposit :(( I have a feeling that all this was planned in advance to get as much money out of me as possible and leave me penniless. If you don’t want to lose your savings like I did, avoid this broker!!!

  • D. Morris
    1 review
    05.06.2025 21:16
    IT'S A COMPLETE SCAM!!!

    I invested $25K on the advice of their manager. At first, everything was fine, and I even withdrew $1.5K. I did something like a reliability test. And then all hell broke loose! I noticed that they send you fake analytics! Then I asked to withdraw all my money, but there was silence. Supposedly a “reliable broker,” but in reality, it’s a fake! Customer support just writes back: “wait for the technical work to be completed.” I waited 3 weeks – NOTHING! Guys, run away from these scammers before it’s too late!

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Broker Profile

License
Offshore
Leverage
1:400
Demo account
No
Order Execution Model
DD
Minimum deposit
$5000
Licensing Authorities
Questionable Regulator
Investor Protection
No
Transparency
Some Hidden Terms
Reputation
Bad
Auditing
Not Conducted

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