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Is ToraFX a reliable trading platform?
Maria Bhayat
Djibouti
Jun 29, 2026
ANSWER Dear Investor, ToraFX claims to be licensed and regulated by the Anjouan Offshore Finance Authority (AOFA). Upon investigation, we did find a licensed entity named ToraFX Limited in the AOFA registry. However, the operating website was not registered, making it difficult to confirm whether this platform truly belongs to the licensed entity. Furthermore, AOFA itself is an offshore regulatory authority with very weak oversight, low international recognition, and provides minimal protection for investors. Therefore, based on these circumstances, we believe this broker cannot yet be defined as a compliant broker and carries high risks. Until its regulatory information is fully verified, we advise avoiding trading with this broker.
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Could you help check ToraFX?
Ayhan Monteiro
Italy
Nov 13, 2025
ANSWER Dear Investor, ToraFX exhibits strong signs of being an untrustworthy, potentially fraudulent broker. It does not disclose any regulatory information or even a clear company name, only providing a business address in the Union of the Comoros. We searched the registry of the Mwali International Services Authority (MISA), the relevant licensing body in Comoros, and found a possibly matching entity named Tora Markets LTD. However, MISA does not register domains, making it impossible to confirm whether this entity is genuinely linked to the ToraFX platform. More importantly, the licensing status for this entry is listed as creating, indicating that even if the licence belongs to ToraFX, it is not yet fully issued or active. As a result, ToraFX appears to operate with no valid regulatory oversight whatsoever. Given the lack of transparency and regulatory authorization, we strongly advise you to avoid investing with ToraFX.
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Risk Warning

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.