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TorFX

Low riskMoney transfer service
🇦🇺 Australia · 5-10 years · since 2019-03-15 · TorFX Pty Ltd
This is a money transfer service, not a leveraged forex/CFD broker — listed for reference. If you’re looking for a forex broker, see our forex broker directory.
ASIC
—/5
★★★★★ ★★★★★
9 reviews ›
1
Licenses ›
12
Withdrawal issues ›
—
Min. deposit ›
—
Max leverage ›
0
Account types ›
23/100
Scam risk ›
0
Clone sites ›
▲ 11% positive▼ 78% negative
Independent ratingshow third parties score this broker
WikiFX7/10
Trustpilot—/5
Forex Peace Army—/5
🛡️ Been scammed or can’t withdraw from TorFX? Our free assistant writes up your case and shows exactly what to do next →
🇺🇸
TorFX operates in your country (United States) — but holds no local license. You’d likely be onboarded under an offshore entity, which means weaker fund protection. Confirm which entity before depositing.
23
Low risk
Scam Risk Scoremonitored · 2026-07-28
Lower riskHigher risk
  • Authorised by Tier-1 regulator(s): ASIC
  • 7 user exposure/complaint reports filed
  • Withdrawal complaints in ~133% of recent reviews
How this score is calculated — view the open algorithm

A transparent weighted score from objective public data — each factor scored 0–100 (higher = riskier), combined by the weights below.

FactorScoreWeight
Regulation & licensing835%
Company age2215%
Clone / impersonation012%
Withdrawal & exposure complaints10012%
Offshore registration108%
Transparency (site/info/social)2510%

Based on public regulatory records, industry databases and independent reviews (Trustpilot, Forex Peace Army). Exit Risk reflects recent negative momentum in real reviews. A risk estimate from public data, not a definitive legal judgment; brokers may request a correction.

Company
Legal nameTorFX Pty Ltd
Headquarters🇦🇺 Australia
Founded2019-03-15
Years operating5-10 years
Employees0
Official website—
Trading conditions
Avg execution speed0 ms
Avg slippage0
Swap rating—
Trading cost rating—
Monitored traders0
Monitored orders0
Funding & instruments
Deposit methods—
Withdrawal methods—
Instruments—
Registered address
Suite 202 25 Elkhorn Avenue Surfers Paradise Queensland 4217 Australia

Regulation & licenses · 1

RegulatorLicense typeLicense No.RegionStatus
ASICMarket Making License (MM)246838AustraliaRegulated

Review analysis AI

Across 9 recent Trustpilot reviews, 78% are 1–2 star. The single most common complaint is being unable to withdraw funds (12 reports) — the classic warning sign in forex.

0
Period:
What users complain about
What users praise
Where reviewers are from
Hong Kong8
United Kingdom1

Real user reviews

Where TorFX operates

Active across 7 markets (by market presence). Licensing rarely covers all of them — where it isn’t locally licensed, you’re onboarded under an offshore entity with weaker protection.

🇦🇺 Australia Licensed
🇦🇷 Argentina
🇳🇿 New Zealand
🇺🇸 United States
🇹🇷 Turkey
🇪🇸 Spain
🇿🇦 South Africa
🇭🇰 Hong Kong 7 complaints

Market presence: WikiFX SkyEye · complaints: our records · licensing: official registers. Where you’re accepted is set by the broker’s own terms — always confirm before depositing.

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About TorFX

TorFX is a forex and CFD broker based in Australia, with records dating to 2019-03-15. It reports oversight from ASIC.

FXCanary’s verdict is “Low risk.” On balance the regulatory footprint and real-user feedback are reassuring, though no broker is risk-free.

Overview compiled by FXCanary from regulatory records and public data. full TorFX review