Unauthorised Firm Details
Name: ToraFX
Website: torafx.com
ToraFX Review – Risky Broker or Scam?
ToraFX presents itself as a Forex and CFD broker offering advanced platforms (MT4/MT5), low spreads, and high leverage. At first glance, the website looks professional, but closer inspections reveal serious concerns.
The broker claims global services, yet there is no valid proof of regulation. Independent checks show no recognised regulatory licence under major authorities. Company registration details are either hidden or unverifiable, meaning traders have no legal protection if issues arise.
Multiple reports from users and review sites raise red flags: delayed or failed withdrawals, unresponsive support once funds are deposited, and unclear trading or account‑terms conditions. Domain‑age and reputation checks show the site is very new, contradicting any narrative of long‑standing operation. Review platforms label it high‑risk or unverified.
Bottom line: ToraFX displays the hallmarks of a high‑risk, unlicensed broker. Investing with them could lead to significant loss. If you are already exposed, keep all communications, transaction records, screenshots, and report the case to your financial regulator immediately.
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