WikiFX

Sagot

As an experienced forex trader, I've had the opportunity to assess a broad spectrum of brokers, and my review process always places risk, transparency, and security at the forefront. Looking closely at TorFX, I found that it operates primarily as a currency transfer service rather than a conventional trading broker. While TorFX is regulated in Australia by ASIC and has been around for over two decades, its core offerings are personal and business money transfers, forward contracts, and risk management services. There is no clear mention of trading or investment products. When it comes to minimum deposit requirements, TorFX does not publicly advertise a traditional trading account minimum because its focus is on facilitating international payments and currency exchange, not on margin trading or speculative forex trading as many brokers do. However, several user reports referenced "thresholds" for deposits—figures such as 20,000 to 30,000 yuan appeared in some negative experiences, but these were cited within the context of disputed or problematic withdrawals, not official account opening terms. For me, this ambiguity raises a red flag. If you are looking to engage in active forex trading, TorFX may not be suitable due to the lack of transparent information on minimum deposits for trading accounts, and an apparent absence of a true trading platform. Conservative practice dictates that I only work with brokers who are clear and upfront about their account funding requirements and maintain a solid history of client fund security. Without concrete, official details on minimum deposit requirements for trading, I would hesitate to commit funds until everything is confirmed directly and in writing from the provider.