Global Broker Regulation & Inquiry App

Score

0123456789
.
0123456789
0123456789
/10

ThorFX

Marshall Islands|2-5 years|
White label MT4|Regional Brokers|High potential risk|

https://thorfx.com

Website

Rating Index

MT4/5 Identification

MT4/5

White Label

ThorMarketsLLC-Demo

United Kingdom
MT4
2

Influence

C

Influence index NO.1

United States 3.01

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ThorMarketsLLC-Demo MT4
Server Location United Kingdom

Influence

Influence

C

Influence index NO.1

United States 3.01

Surpassed 44.86% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

https://thorfx.com
Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH 96960
https://www.facebook.com/thorfxofficial
https://twitter.com/fx_thor

Licenses

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

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Disclosure

Contact number

Broker Information

More

Company Name

ThorFX

Company Abbreviation

ThorFX

Platform registered country and region

Marshall Islands

Company website
Twitter
Facebook
Instagram

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2024-06-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

ThorFX · WikiFX Survey

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ThorFX · Company Summary

General Information & Regulation

General Information & Regulation

ThorFX is allegedly an ECN & STP broker registered in China that claims to provide its clients with 145+ assets with leverage up to 1:500 and floating spreads from 0.1 pips on the MT4 for Mac, Windows, iOS, Android and Web Trader and MT5 trading platforms, as well as a choice of four different live account types and 24/7 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that ThorFX does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.28/10. Please be aware of the risk.

General Information & Regulation

Market Instruments

ThorFX advertises that it offers 145+ assets to trade, consisting of cryptocurrencies, commodities (metals/energies), forex pairs, indices and stocks & shares.

Market Instruments
Market Instruments
Market Instruments

Account Types

Apart from demo accounts, ThorFX claims to offer four types of trading accounts - Standard, PRO, VAR and Mini, with minimum initial deposit requirements of $50, $500, $250 and $25 respectively.

Account Types

Leverage

The leverage provided by ThorFX is capped at 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.

Spreads & Commissions

ThorFX claims to offer raw spreads from 0.1 pips. As for commissions, clients on different account types will be charged different commissions. For example, the commission on the Standard, PRO, VAR and Mini accounts is $7 per lot, $8 per lot, free and $1 per lot respectively.

Trading Platform Available

Platforms available for trading at ThorFX are MT4 for Mac, Windows, iOS, Android and Web Trader, as well as MT5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Trading Platform Available

Deposit & Withdrawal

ThorFX says to accept deposits and withdrawals via credit/debit cards and cryptocurrencies. The minimum initial deposit requirement is said to be only $10, while there is no mention of what the minimum withdrawal amount is.

Bonuses

ThorFX claims to offer a deposit bonus of up to 20%. In any case, you should be very cautious if you receive a bonus. First of all, bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Remember that brokers who are regulated and legitimate do not offer bonuses to their clients.

Bonuses

Customer Support

ThorFX‘s customer support can be reached by live chat or request a callback. You can follow this broker on social networks such as Telegram, Twitter, Facebook and Instagram. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

User Reviews

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3

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明月清风43177
more than one year
I liked that ThorFX is the MetaTrader trading platform because it is the most convenient software for trading forex. In addition, it is very important for me that they offer an educational academy that helps me to trade profitably.
2023-02-23 16:40
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0
0
悬梁刺股
more than one year
For me this broker was solid, the market was against me but the software speed and service were perfect. I appreciated the call I received when my positions were about to fall.
2022-12-12 12:19
Reply
0
0
FX1113238332
more than one year
$500 deposited, then they told me that my account has an error to be fixed. They let me wait for a while, and I haven’t received any response until now. Anybody who met this situation?
2022-12-07 14:14
Reply
0
0
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