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TorFX -

Score

7.15 /10
Good

TorFX

Australia

Above 20 years

Regulated in Australia

Market Maker (MM)

High potential risk

http://www.torfx.com.au

Influence

C

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Comparison

Quantity 7

Exposure

Time Machine
Website

Score

Regulatory Index8.11

Business Index9.20

Risk Management Index0.00

Software Index7.30

License Index8.11

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
Website

Licenses

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

TorFX Pty Ltd

Company Abbreviation

TorFX

Platform registered country and region

Australia

Company website

X

Facebook

Linkedin

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

WikiFX Risk Alerts 2
Previous Detection : 2025-08-15
  • 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!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

Exposure

7 pieces of exposure in total
Pyramid scheme complaint
Expose
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.

2020-05-15 17:43
Unable to Withdraw

Unable to withdraw

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

2020-06-17 17:39
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.

2020-06-01 22:12
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.

2020-06-19 01:55
Unable to Withdraw

Unable to withdraw

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

2020-06-02 02:18
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.

2020-05-31 11:38
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.

2020-06-01 22:38
    TorFX · Company summary
    TorFX Review Summary
    Founded2004
    Registered CountryAustralia
    RegulationASIC
    ServicesPersonal Money Transfers, Business Money Transfers, Forward Contracts, Currency Orders, Market Analysis, Risk Management
    Customer SupportAUS: 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.

    TorFX's homepage

    Pros and Cons

    ProsCons
    Regulated by ASICOnly 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.

    Regulated by ASIC

    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.

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

    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.

    Account Type

    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.

    Fee TypeTorFXBank
    Commission$0~$50 per transfer
    Transfer FeeOften ~$50 per transfer
    TorFX Fees

    User Reviews

    More

    User comment

    3

    Comments

    Write a review

    FX1036488142
    more than one year
    Realmente no quiero recordar mi experiencia, pero espero que más personas puedan ver mi reseña y mantenerse alejadas de este estafador. Dice estar efectivamente regulado por ASIC, pero por el contrario, es un completo mentiroso.
    Realmente no quiero recordar mi experiencia, pero espero que más personas puedan ver mi reseña y mantenerse alejadas de este estafador. Dice estar efectivamente regulado por ASIC, pero por el contrario, es un completo mentiroso.
    Translate to English
    2022-11-23 10:33
    Reply
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    0
    掌门
    more than one year
    A very helpful staff help me make a currency exchange from the United Kingdom to Australia. They offer a competitive exchange rate and transactions are fuss free and speedy. For anyone who needs payment service, I would recommend this platform.
    A very helpful staff help me make a currency exchange from the United Kingdom to Australia. They offer a competitive exchange rate and transactions are fuss free and speedy. For anyone who needs payment service, I would recommend this platform.
    Translate to English
    2022-11-18 13:38
    Reply
    0
    0
    7