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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