TorFX

TorFX 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 Cons

Is 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.

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.