Brokers  /  TorFX

TorFX

Low risk
🇦🇺 Australia · 5-10 years · since 2019-03-15 · TorFX Pty Ltd
Independent ratingshow third parties score this broker
WikiFX7/10
Trustpilot/5
Forex Peace Army/5
23
Low risk
Scam Risk Scoremonitored · 2026-07-05
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

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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