TorFX Spreads, leverage, minimum deposit Revealed

WikiFX | 2025-06-03 18:07

Abstract：　　TorFX is an Australian currency transfer service that has been around since 2004 and is licensed by the ASIC. It offers consumers and businesses reasonable exchange rates, no transfer fees, and specialist risk management. It is great for sending money, but it doesn't have any trading or investment products.

TorFX Review Summary
Founded	2004
Registered Country	Australia
Regulation	ASIC
Services	Personal Money Transfers, Business Money Transfers, Forward Contracts, Currency Orders, Market Analysis, Risk Management
Customer Support	AUS: 1800 507 480
	AUS: +61 7 5560 4444
	NZ: 0800 441 283

TorFX Information

　　TorFX is an Australian currency transfer service that has been around since 2004 and is licensed by the ASIC. It offers consumers and businesses reasonable exchange rates, no transfer fees, and specialist risk management. It is great for sending money, but it doesn't have any trading or investment products.

Pros and Cons

Pros	Cons
Regulated by ASIC	Only supports fiat currency transfers (no crypto, stocks, etc.)
Zero commission and transfer fees
Dedicated account managers for personalized service

Is TorFX Legit?

　　TorFX, through its entity TOR FX PTY LIMITED, is officially regulated by the Australia Securities & Investment Commission (ASIC) under Market Maker (MM) license number 246838.

TorFX Services

　　TorFX is a currency transfer service that works with both individuals and businesses. It focuses on offering great exchange rates, no transfer fees, and personalized risk management solutions.

Services	Supported
Personal Money Transfers	✔
Business Money Transfers	✔
Forward Contracts	✔
Currency Order Types	✔
Currency Market Analysis	✔
Risk Management Service	✔

Account Type

　　TorFX has two major types of live accounts: a Personal Account for people who need to send money internationally and a Business Account for corporations that need to pay employees abroad, buy things from other countries, or send money back to their own country.

TorFX Fees

　　TorFX's rates are relatively competitive compared to what other companies charge. They don't charge a commission or transfer fee on either one-time or frequent foreign payments, which makes them far cheaper than banks, which usually charge about $50 each transfer.