Torque Marks Forex Broker

Torque Marks Forex Broker - Complete Information Guide

1. Company Overview

　　Torque Marks, officially known as Torque Mark St Ltd, was established in 2019. The company is headquartered in the United Kingdom and operates as a private entity. The broker primarily serves the forex trading market, catering to both retail and institutional clients. Over the years, Torque Marks has aimed to provide a platform for traders to engage in forex and other financial instruments.

　　The company has faced scrutiny due to its suspicious business practices, which have led to it being flagged as a potential clone operation by various regulatory bodies. Despite these concerns, Torque Marks has continued to operate, attracting a mix of traders looking for forex opportunities. The business model appears to focus on market-making, which involves creating liquidity for traders on its platform.

2. Regulatory and Compliance Information

　　Torque Marks operates under the auspices of several regulatory frameworks, although its licensing status has raised questions. The broker has been linked to ASIC (Australian Securities and Investments Commission), but it has been flagged as a suspicious clone. This raises concerns regarding its legitimacy and operational compliance.

• Regulatory Bodies: ASIC is the primary regulatory body associated with Torque Marks.
• Regulatory Numbers: Specific regulatory numbers have not been disclosed in the available information.
• License Validity: The validity of the licenses is under scrutiny, with indications that the broker may not operate within the legal frameworks of the jurisdictions it claims to serve.
• Client Fund Segregation: There is no clear information available regarding the segregation of client funds, which is a critical aspect of investor protection.
• Investor Compensation Fund Participation: No details have been provided about participation in any investor compensation schemes.
• KYC and AML Compliance: The broker's adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations remains unclear, which is a significant risk factor for potential clients.

3. Trading Products and Services

　　Torque Marks offers a range of trading products primarily focused on forex. The broker provides access to various currency pairs, including major, minor, and exotic pairs. However, the exact number of forex pairs available is not specified in the current data.

　　In addition to forex, Torque Marks reportedly offers Contract for Difference (CFD) products across several categories:

• Indices: Access to global stock indices.
• Commodities: Trading options in commodities like gold and oil.
• Stocks: Shares of various companies available for trading.
• Cryptocurrencies: A selection of cryptocurrencies for trading, though the specifics are not detailed.

　　The introduction of new products appears to be infrequent, and the focus remains on providing a stable trading environment for existing offerings. The broker aims to cater to both retail traders and institutional clients, though details on institutional services are limited.

4. Trading Platforms and Technology

　　Torque Marks provides access to trading through the MetaTrader 4 platform, which is widely recognized in the forex trading community for its robust features and user-friendly interface. The broker also supports mobile trading applications for both iOS and Android, allowing traders to manage their accounts on the go.

• Proprietary Platforms: There is no mention of any proprietary trading platform developed by Torque Marks.
• Web-Based Trading: A web-based trading platform is available, providing ease of access without the need for software installation.
• Execution Model: The broker operates on a Market Making execution model, which may lead to potential conflicts of interest.
• Server Infrastructure: The specifics regarding server locations and technological infrastructure are not provided in the available information.
• API Access: Torque Marks does not explicitly mention support for API integration or automated trading features.

5. Account Types and Trading Conditions

　　Torque Marks offers several types of accounts to meet the diverse needs of traders. The details of these accounts are as follows:

• 　　Standard Account:

• 　　Minimum Deposit: Information not specified.

• 　　Spreads and Commissions: Details on spreads and commission structures are not disclosed.

• 　　Advanced Account Types:

• 　　Information on VIP or professional accounts is not available.

• 　　Special Accounts:

• 　　There is no mention of Islamic accounts or corporate account options.

• 　　Demo Account Policy: Information regarding the availability of demo accounts is not provided.

• 　　Leverage Ratios: The leverage offered by Torque Marks varies across different products, but specific ratios are not detailed.

• 　　Minimum Trade Size: The minimum trade size is not specified in the available information.

• 　　Overnight Fees: Details regarding overnight fees or swap policies are not available.

  　　

6. Fund Management

　　Torque Marks provides various deposit and withdrawal methods, although specific details are limited:

• 　　Supported Deposit Methods:

• 　　Options likely include bank transfers, credit cards, and e-wallets, but specifics are not confirmed.

• 　　Minimum Deposit Requirements:

• 　　Minimum deposit amounts are not disclosed for different account types.

• 　　Deposit Processing Times:

• 　　No information is available regarding how long deposits take to process.

• 　　Deposit Fees:

• 　　There is no mention of any fees associated with deposits.

• 　　Withdrawal Methods and Limitations:

• 　　The methods for withdrawals are not specified.

• 　　Withdrawal Processing Times:

• 　　Information on how long withdrawals take to process is lacking.

• 　　Withdrawal Fee Structure:

• 　　There are no details regarding any fees associated with withdrawals.

  　　

7. Customer Support and Educational Resources

　　Torque Marks offers customer support through various channels, although specifics are limited:

• 　　Support Channels:

• 　　Options likely include phone, email, live chat, and social media, but details are not provided.

• 　　Service Hours and Time Zone Coverage:

• 　　Information on service hours is not available.

• 　　Multilingual Support:

• 　　The languages supported by the customer service team are not specified.

• 　　Educational Resources:

• 　　The availability of educational resources such as webinars, tutorials, and e-books is not mentioned.

• 　　Market Analysis Services:

• 　　Daily analysis, news, and research reports are not detailed.

• 　　Trading Tools:

• 　　Information regarding trading tools such as calculators and signal services is not provided.

  　　

8. Regional Coverage and Restrictions

　　Torque Marks primarily serves clients in various regions; however, specific details are not fully disclosed:

• 　　Main Service Markets:

• 　　The broker operates in multiple markets, but specifics are not provided.

• 　　Regional Offices:

• 　　There is no information regarding the distribution of regional offices.

• 　　Countries/Regions Not Accepted:

• 　　Specific countries or regions that are restricted from opening accounts with Torque Marks are not mentioned.

• 　　Special Restrictions:

• 　　No additional restrictions have been noted.

　　In conclusion, while Torque Marks broker offers a range of trading products and services, potential clients should exercise caution due to the broker's regulatory status and the lack of transparency in various operational aspects. The information provided serves as a foundational overview, but further due diligence is recommended before engaging with the broker.