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Torrent EFX

United States|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+44 20 393 63472


No valid regulatory information, please be aware of the risk!

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Previous Detection : 2024-03-01
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Torrent EFX · Company Summary

Company Name Torrent EFX
Headquarters United States
Regulations No License
Market Instruments Over 40 currency pairs and CFDs (on metals, commodities, indices, and energy)
Account Types Starter, Expert, Silver, Gold, Diamond, and Premium
Leverage Up to 1:5000 (Premium account)
Spread 0.5 pips for EUR/USD pair
Minimum Deposit $1,000
Deposit/Withdraw Methods Credit Cards(VISA and MasterCard)
Trading Platforms Proprietary web-based platform
Customer Support Phone: (+442039363472); Email:

Overview of Torrent EFX

Torrent EFX is a broker firm offering a spectrum of services in the financial market trading scene. Their exact base or operational location, however, is not publicly known or disclosed. They provide a diverse array of market instruments for trading, and their portfolio includes over 40 currency pairs along with Contracts for Difference (CFDs) on several entities, namely indices, energy, commodities, and precious metals. This wide range of trading components adds variety to a trader's options.

Departing from the norm, Torrent EFX offers a distinct proprietary web-based trading platform, positing it as superior to the widely recognized industry-standard platforms, MetaTrader4 and MetaTrader5. Despite this unconventional choice, Torrent EFX expresses confidence in the platform's ability to ensure a high-grade trading experience.

Overview of Torrent EFX

Is Torrent EFX a regulated broker?

The regulatory status of a broker is a critical aspect that assures traders of the broker's transparency, accountability, and overall security. In the case of Torrent EFX, it is worth noting that the company does not hold a license from a known financial regulatory authority. Being unlicensed draws into question the legitimacy and trustworthiness of a broker and potentially poses risks for traders.

Unlicensed brokers, such as Torrent EFX, are not bound by the standards, rules, and regulations typically established by licensing authorities. As a result, they may not adhere to the same rigorous standards concerning transparency, security of traders' funds, and fair trading practices. Potential traders should be aware of this detail and thorough research and fact-checking are crucial before deciding to trade with an unlicensed broker.

Pros and Cons


  1. Wide Range of Trading Instruments: With a variety of over 40 currency pairs and CFDs (on metals, commodities, and indices), traders have ample options to diversify their portfolios.

  2. Proprietary Trading Platform: They offer a unique web-based trading platform, which they claim is superior to the popular MetaTrader4 and MetaTrader5 platforms.

  3. Multiple Account Types: They provide different types of accounts (Starter, Expert, Silver, Gold, Diamond, and Premium), suiting various types of traders.

  4. Opportunities for More Profits: Leverages up to 1:5000 on Premium accounts offer potentially higher exposure, allowing traders to maximize their potential profits.

  5. Caters to Multiple Markets: They offer market exposure not only to forex markets, but also to commodities, precious metals, indices, and energy markets.


  1. Lack of Regulatory Licence: The company does not hold a license from any known financial regulatory authority, which may create trust issues.

  2. Undisclosed Location: The company has not publicly disclosed its operational base, thereby creating transparency concerns.

  3. Absence of Educational Resources: Newbies to trading may find it difficult due to the lack of educational resources and traders wanting to gain deeper insights for market analysis.

  4. High Minimum Deposit: The minimum required deposit to open an account is $1,000, which is higher than many other brokers.

  5. High leverage: High leverage can potentially lead to amplified loss.

Pros Cons
Wide Range of Trading Instruments Lack of Regulatory License
Proprietary Trading Platform Undisclosed Location
Multiple Account Types Absence of Educational Resources
Opportunities for More Profits High Minimum Deposit
Caters to Multiple Markets High leverage can lead to higher loss

Market Instruments

Torrent EFX touts a comprehensive range of trading instruments that aim to provide its users with expansive access to various financial markets. This is particularly evident in its offering of over 40 currency pairs. This broad collection ensures forex traders, both novice and expert, can engage in trades involving major, minor, and even some exotic currency pairs, which ultimately widens their trading possibilities.

The broker's offerings go beyond just forex, with additional financial instruments available in the form of Contracts for Difference (CFDs). CFDs on indices, energy commodities, and precious metals allow traders to speculate on these different market segments' price movements without owning the underlying assets. This flexibility allows traders to diversify their portfolios and provides opportunities for potential profits in a range of market conditions.

Account Types

Torrent EFX provides its users with a diverse selection of six live trading accounts to cater to different trading needs and financial capacities. For beginning or low-capital traders, there's the “Starter account”, which can be opened with just a minimal initial deposit of 1,000. However, investors with higher capital might show more interest in the other five account types, namely Expert, Silver, Gold, Diamond, and Premium.

The Expert, Silver, Gold, Diamond, and Premium accounts require progressively greater initial deposits, with the range of $3,000 to $50,000. Likewise, the minimum position size also increases for each account type, starting from 0.01 for the Starter and Expert accounts, up to 10.0 for the Premium account. This structure allows both beginners and seasoned traders to find an account that fits their trading budget and strategy.

How to open an account in Torrent EFX?

Setting up an account with Torrent EFX is a series of clear-cut steps intentionally designed for efficiency and accessibility. The procedure consists of providing personal information and conforming to several key requirements. Below are specific steps detailing the procedure to open an account with this broker:

  1. Navigate to Torrent EFXs official website.

  2. Locate and click on the 'Register' or 'Open Account' button with your desired account type.

  3. Complete the registration form with the necessary personal details.

  4. Wait for a validation or confirmation email and follow the enclosed instructions.

  5. Deposit the minimum amount ($1000) through the provided payment methods.

  6. Begin trading after your account has been verified and activated.

Trading Platform

Torrent EFX provides its traders with a web-based trading platform, boldly positioning it as superior to the industry-standard platforms, namely MetaTrader4 and MetaTrader5. This may come as a surprise given that both MT4 and MT5 are globally recognized as highly effective and competent forex trading platforms. These platforms have set the bar in the industry due to their advanced charting capabilities, algorithmic trading options, and wide array of available trading instruments.

 Trading Platform

However, Torrent EFX insists that their web-based platform offers a higher level of performance and efficiency. This platform is built for accessibility and ease of use, without compromising on the sophistication of tools necessary for successful trading. While the reputation of MT4 and MT5 certainly speaks for itself, it seems that Torrent EFX is confident in its alternative offering, aiming to meet and possibly exceed traders‘ expectations. Despite this, it would ultimately fall to individual traders to see if Torrent EFX’s platform meets their specific needs and trading styles.


Leverage plays a significant role within Torrent EFX's trading environment, with different maximum leverage ratios available for different account types. Starting with the Starter account, clients can access an impressive leverage of 1:500. The Expert account sees an increase, offering a maximum leverage of 1:1000. Further on, the Silver account offers a leverage of 1:1500 while the Gold account possesses a higher limit, providing a leverage of 1:2000.


The maximum leverage continues to rise for the higher-tier accounts. The Diamond account offers clients a leverage ratio of 1:2500, whereas the Premium account takes it to the highest limit with 1:5000 leverage. However, traders should keep in mind that although high leverage can potentially magnify gains, it can equally exacerbate losses. Therefore, particularly for inexperienced traders, it is generally advised not to utilize excessively high leverage in their trading activities


Torrent EFX applies a spread around 0.4 pips for the EURUSD pair. Spreads, which represent the differential between the buying and selling price of a currency pair, play a crucial role in forex trading, and a spread as low as 0.4 pips is an attractive offering that can impact trading costs and potential profitability. However, it should be noted that spreads may vary according to market conditions and other factors.

Deposit & Withdrawal

Torrent EFX has communicated that it accepts payments through popular credit cards such as VISA and MasterCard. This offers prospective users accessible and convenient options to fund their trading accounts, allowing for quick and easy deposits. However, it's important to note that while these payment methods are advertised, we don't have the means to independently confirm the availability of these options.

Additionally, withdrawals at Torrent EFX have certain stipulations attached. The broker has indicated that it will impose a 10% levy on the amount that traders wish to withdraw. Moreover, according to the Terms and Conditions displayed on the brokers official website, withdrawals are processed considering the basis of live trading and margin used in live trading. These aspects are noteworthy as they could impact a trader's experience and financial strategy while using their Torrent EFX account.

Customer Support

Torrent EFX has structured a customer support system to cater to the inquiries and concerns of their clients. Clients have the option to reach out to the broker through a dedicated telephone number (+442039363472), allowing them to possibly receive immediate responses to their critical concerns or queries. Additionally, Torrent EFX provides an email address that customers can use for less urgent or more detailed queries, ensuring that their issues are appropriately documented and handled.

Customer Support

Educational Resources

Torrent EFX, unfortunately, seems to lack the provision of educational resources for their clients. There is apparently an absence of dedicated tools and materials that could aid in informing and training their clients about market dynamics and effective trading strategies. This lack might limit traders, particularly novice ones, in choosing informed strategies and understanding complex market happenings, restricting their potential to make the most of their trading journey.


Torrent EFX is a broker firm that offers a range of trading options in the financial market. The firm provides a multitude of market instruments including over 40 currency pairs and a variety of Contracts for Differences (CFDs) on entities like precious metals, energy, commodities, and indices. They also offer a proprietary web-based trading platform, boldly regarded as superior to the widely recognized industry-standard platforms of MetaTrader4 and MetaTrader5.

However, there are significant details regarding this broker that may raise concerns among potential traders. Firstly, the base or operational location of the firm is not publicly disclosed, potentially affecting the transparency and trust it commands. Secondly, the broker is not licensed, which presents risks as it isn't held to the standards and regulations typically imposed by financial authorities. Lastly, the firm lacks educational resources, a feature often sought by traders to enhance their trading knowledge and strategies.


Q: What is the regulatory status of Torrent EFX?

A: Torrent EFX is currently unlicensed and does not hold a license from any known financial regulatory authority.

Q: What market instruments does Torrent EFX offer for trading?

A: Torrent EFX provides a variety of trading options, including over 40 currency pairs and Contracts for Difference (CFDs) on various entities like indices, energy, commodities, and precious metals.

Q: What kind of customer support does Torrent EFX provide?

A: For customer support (+442039363472) and are provided.

Q: What kind of trading platform does Torrent EFX use?

A: Torrent EFX offers a proprietary web-based trading platform.

Q: What is the minimum deposit required to open an account with Torrent EFX?

A: The standard minimum deposit required to open an account with Torrent EFX is $1,000.

Broker Information

Company Name

Torrent EFX

Company Abbreviation

Torrent EFX

Regulatory Status

No Regulation

Platform registered country and region

United States

Phone of the company
  • +44 20 393 63472









Company address










Customer Service Email Address

Company Summary

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