WikiFX

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As an experienced forex trader, I’ve taken a close look at TorFX and, based on my review of their services and the details available, I need to highlight some important points regarding leverage. TorFX is regulated by ASIC in Australia and primarily presents itself as a currency transfer service, not a typical trading broker. Their main focus is on personal and business money transfers, risk management, and competitive exchange rates, rather than offering leveraged forex or other derivative products. From my investigation, I found no explicit information about maximum leverage for major forex pairs or any policy describing leverage on other asset classes. This absence is telling and reflects TorFX’s business model, which is centered around money transfers and not margin trading. The fact that TorFX is a market maker under ASIC regulation might lead some to expect trading features, but the reality is that they do not offer leveraged trading like most forex brokers. For anyone searching for high leverage or diverse asset class exposure, TorFX does not provide these options. This is an important distinction to make because misunderstanding their service could lead to unmet expectations or confusion—something I’ve learned to be acutely cautious about in my own trading. Given the high potential risk rating flagged and several user complaints, I strongly advise being conservative, conducting thorough due diligence, and always confirming a broker’s product offering before engaging, especially when leverage or derivatives are a priority.