TorFX Forex Broker

TorFX Review SummaryFounded2004Registered CountryAustraliaRegulationASICServicesPersonal Money Transfers, Business Money Transfers, Forward Contracts, Currency Orders, Market Analysis, Risk ManagementCustomer SupportAUS: 1800 507 480AUS: +61 7 5560 4444NZ: 0800 441 283TorFX 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 ConsProsConsRegulated by ASICOnly supports fiat currency transfers (no crypto, stocks, etc.)Zero commission and transfer feesDedicated account managers for personalized serviceIs 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.ServicesSupportedPersonal 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.Fee TypeTorFXBankCommission$0~$50 per transferTransfer FeeOften ~$50 per transfer