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    Regulated

    TorFX

    TorFX

    Australia
    15-20 years Regulated in Australia Market Making(MM) Non MT4/5 Software Suspicious Scope of Business
    Website:

    http://www.torfx.com.au

    Expose
    Score
    0 1 2 3 4 5 6 7 8 9
    .
    0 1 2 3 4 5 6 7 8 9
    0 1 2 3 4 5 6 7 8 9
    10
    License Index 8.11
    Risk Management Index 0.00
    Software Index 7.30
    Business Index 8.92
    Regulatory Index 8.08
    Company Abbreviation

    TorFX

    Registered country

    TorFX Australia

    Company Name

    TorFX Pty Ltd

    Company address

    --

    Website

    http://www.torfx.com.au

    Australia Securities & Investment Commission
    ASIC Regulated

    Market Making(MM)

    Broker Information

    Customer Service Phone Number

    1800 507 480

    Customer Service Email Address

    --

    Company summary More
    Let me correct the erro.
    Pyramid scheme complaint
    Expose

    Check whenever you want

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    WikiFX Risk Alerts
    2
    2021.10.27
    The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months, please be aware of the risk and the potential scam!
    Current data shows that this broker is using Non MT4/5 Software
    EA VPS

    No restriction on the broker account. Provide service support by WikiFX

    Single Core

    1G

    40G

    $ 0.99/month
    Open immediately
    Unable to withdraw The platform gave no access to withdrawal and found every excuse to ask for margin. Now the website is disabled.
    I was asked for 20% of the fund as a margin in wake of incorrect information, same routine with the former scam. Since I didn’t add a remark, it asked me to pay again. My relatives advised me to call the police. Someone who has encounter with the same routine was scammed of over 20 thousand yuan. Frauds will be burning in the hell.
    FXPKWonx6376

    2020/6/18 17:55:25

    Unable to withdraw Unable to withdraw
    It is a typical scam which got you trapped gradually. The withdrawal is unavailable. Don’t believe it!
    FXADAdbi0144

    2020/6/17 9:39:37

    Unable to withdraw Unable to withdraw
    I caution you against the gang of fraud which gives no access to withdrawal with grinding excuses.
    FXDHCeyn1212

    2020/6/1 18:18:07

    Unable to withdraw TorFX gave no access to withdrawal and blackmailed me, keeping fending off.
    The gang of fraud induced clients to deposit fund, with a threshold of 30 thousand yuan. Eventually, we said 20 thousand. But the withdrawal is unavailable.
    FXQKHeku6448

    2020/6/1 14:38:45

    Unable to withdraw My withdrawal request is always refused.
    The platform always refuses my request. No results came after several times of negotiation. Hope it be on exposure.
    FXTQYysa7922

    2020/6/1 14:12:30

    Scam TorFX induced clients to deposit fund.
    TorFX gave no access to withdrawal and asked for a 20% margin, inveigling you to get trapped gradually.
    FXLEJmgo4484

    2020/5/31 3:38:07

    Unable to withdraw The platform asked for fee with the excuse of wrong information modification, rollover and margin. 1.2 million was doomed. I have called the police.
    I was asked to pay margin and 350 thousand insurance fee.
    FXQXLtet6423

    2020/5/15 9:43:05

    • Delivery Index
    • Market Analysis
    • Material Delivery
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    TorFX · Website

    Most visited countries/areas

    torfx.com.au
    Server Location
    United Kingdom
    Most visited countries/areas
    --
    Website Domain Name
    torfx.com.au
    ICP registration
    --
    Domain Effective Date
    --
    Server IP
    185.29.137.214
    Website
    --
    Company
    --

    TorFX

    Free CompensationMore details

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    Australia Securities & Investment Commission

    Australia Securities & Investment Commission (ASIC)

    The Australian Securities and Investments Commission (ASIC) is an independent Australian government body that acts as Australia's corporate regulator, which was established on 1 July 1998 following recommendations from the Wallis Inquiry. ASIC's role is to enforce and regulate company and financial services laws to protect Australian consumers, investors and creditors. ASIC's authority and scope were determined by the Australian Securities and Investments Commission Act, 2001.

    • Licensed Institution :

      TOR FX PTY LIMITED

      Effective Date :

      2004-02-26
    • Email Address of Licensed Institution :

      thomas.pearman@torfx.com.au

      License Type:

      No Sharing
    • Website of Licensed Institution :

      www.currenciesdirect.com.au

      Expiry Date :

      --
    • Address of Licensed Institution :

      Suite 202, 25 Elkhorn Avenue, SURFERS PARADISE QLD 4217

      Phone Number of Licensed Institution :

      07 5560 4431
    • Licensed Institution Certified Documents :

      TorFX ASIC牌照 View Certified Documents TorFX afca 投诉页面 View Certified Documents

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    Special Note

    ×
    TorFX

    1.pngWikiFX only provides the legal URL of the platform published by the regulatory website.

    1.pngWikiFX will not disclose your personal information to third parties.

    1.pngIn order to prevent users from being spoofed by phishing websites, fake URLs or domain name hijackings, WikiFX doesnt provide the content though this app.

    1.pngThe use of any service by the client through the official website access channel provided by WikiFX is a personal behavior. Please ensure that you have undergone sufficient preparation and risk management before use.

    根據香港證券及期貨事務監察委員會的規定

    為確保您查看資訊及時性和準確性,我們將為您跳轉到相關的監管資訊頁面

    WikiFX·pyramid scheme complaint
    1  Know about pyramid scheme  >
    2  Pyramid scheme complaint   >
    3  Done
    1. What is pyramid scheme complaint?
    With the continuous development of the forex market, more and more Ponzi schemes have poured in, and global investors have suffered greatly. WikiFX has set up a complaint channel in order to ensure the funds security and prevent more scams. We sincerely invite foreign exchange investors to report such fraud platforms and jointly purify the market environment!
    2. 10 Features of Pyramid Scheme
    High Profit Promised Level Marketing Required Multi-level Marketing False Advertising Master Trader Awarded 'Datuk' Brainwashing-style training Fake Regulation Copycat of other platforms Marketing & PR campaigns
    Report immediately
    Report This Platform
    TorFX
    * Contact number
    0086
    *Enter your phone number
    *Reporting Reasons

    *Enter your reason
    Related Photos
    Confirm to Submit

    Submit successfully!

    You can check the real-time processing progress in 'User Center-My Release-Ponzi Scheme'

    Confirm

    TorFX · Company summary

      General Information & Regulation of TorFX

      TorFX is an Australian money transfer company, also with offices in the UK, offering phone and online-based money transfer services. Through the TorFX platform, transfers can be made in over 40 currencies to more than 120 countries/regions. TorFX is currently regulated by ASIC in Australia and holds a full license under their authorization, license number: 246838. However, recently, the company has been in the news frequently for being unable to withdraw funds, difficulties in withdrawing funds, and several negative complaints, so investors should be careful with this platform.

      Exchange Rates & Fees of TorFX

      TorFX makes money through exchange rate margin and does not charge any fixed fees outside the exchange rate. Its total transfer costs (exchange rate + fixed fees) are 0.5%-2%, 3%-7% for banks and 6%-8% for PayPal. The cost on this platform is more competitive if the user transfers larger amounts or uses its services frequently. However, if the transfer amount is smaller, the fees can be relatively higher.

      Trading Options of TorFX

      TorFX offers two trading options: free quotes and online accounts. Free quotes require a form to be filled out to register, and once setup is complete, TorFX guarantees to offer rates up to $50,000, and for trades over $50,000, users will need to transfer funds to their account to receive a fixed quote. In the UK, TorFX allows corporate accounts to trade large amounts of up to £100,000 online.

      Transfer Speed of TorFX

      TorFX says that the speed of the transfer depends on the currency of the transfer, the destination bank, and the receiving bank, and they promise to transfer funds to the user's account within the same day or two business days of the exotic destination. However, it should be noted that the speed of transfer is heavily influenced by the time it takes for the bank to transfer the funds to the user's TorFx account and the time it takes for the funds to reach the destination bank and be reflected in the user's account, so it can take a total of 3-6 days for the funds to reach the user's account. If the transferring bank is not located in the UK or Australia, it may take longer for the funds to reach the user's account.

    Risk Warning

    The Database of WikiFX comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. WikiFX doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. WikiFX will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

    Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by WikiFX are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

    Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

    Special Note, the content of the Wikifx site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with WikiFX, the client should bear full responsibility for their consequences.