Corporate Profile
ThorFX Is An ECN & STP Broker Purportedly Registered In China, Established In [not Provided] And Headquartered In [not Provided] . The Company Claims To Offer Clients Trading Services On 145 Assets Through Its Platform, Including Foreign Exchange Pairs, Cryptocurrencies, Commodities (such As Metals And Energy), Indices, And Stocks. ThorFX Offers Four Real Account Types: Standard, Professional, Variable, And Mini, With Minimum Initial Deposit Requirements Of $50, $500, $250, And $25, Respectively . Customers Can Make Deposits And Withdrawals Via Credit/debit Cards And Cryptocurrencies With A Minimum Deposit Requirement Of $10.
ThorFX's Trading Products Have The Following Characteristics:
- Offers 1:500 Leverage (maximum), Clients Need To Pay Attention To The Risk Of Using Leverage
- Floating Spreads Start From 0.1 Pips
- Commissions Depending On Account Type, Commissions For Standard, Professional, Variable And Mini Accounts Are $7, $8, Free And $1 Per Lot
- Supports MT4 (for Mac, Windows, IOS, Android And WebTrader) And MT5 Platforms
ThorFX Also Claims To Pass Real-time Chat Or Request A Call Back Provide 24/7 Customer Support And Interact With Customers On Social Media Platforms Such As Telegram, Twitter, Facebook And Instagram.
Regulatory Information ThorFX Makes It Clear That Is Not Overseen By Any Effective Financial Regulator . According To Wikifx, Its Regulatory Status Is Listed As "unlicensed" With A Rating Of 1.28/10 . Users Should Be Particularly Aware That Unlicensed Brokers May Not Be Able To Provide Adequate Security Of Funds And May Not Be Able To Obtain Legal Remedies In The Event Of A Problem.
Trading Products ThorFX Offers The Following Trading Products:
- Forex Pairs : Such As EUR/USD, GBP/USD, Etc.
- Cryptocurrencies : Such As BTC/USD, ETH/USD, Etc. Commodities : Such As Gold, Silver, Crude Oil, Etc.
- Index : Such As Dow Jones, Nasdaq, Etc.
- Stocks : Such As Apple, Microsoft, Etc.
Trading Software ThorFX Supports The Following Trading Platforms:
- MT4 (for Mac, Windows, IOS, Android And WebTrader) MT5
Deposit And Withdrawal Methods ThorFX Accepts The Following Deposit And Withdrawal Methods:
- Credit/Debit Card
- Cryptocurrency
ThorFX Has A Minimum Deposit And Withdrawal Requirement Of $10 , But Does Not Specify The Minimum Withdrawal Amount.
Customer Support ThorFX Offers The Following Customer Support Methods:
- Live Chat Request A Call Back
Customers Can Also Contact ThorFX Through Social Media Platforms Such As Telegram, Twitter, Facebook And Instagram.
Core Business And Services ThorFX's Core Business Is To Provide Customers With Trading Services In Foreign Exchange, Cryptocurrencies, Commodities, Indices And Stocks. Its Differentiating Advantages Include:
- Multiple Trading Products : Covers Forex, Cryptocurrencies, Commodities, Indices And Stocks
- Flexible Leverage Options : Maximum Leverage Of 1:500
- Low Spreads And Commissions : Variable Spreads Start From 0.1 Pip And Commissions Vary Depending On Account Type
Technical Infrastructure ThorFX Uses The MT4 And MT5 Platforms As Its Trading Infrastructure. These Platforms Provide The Following Features:
- Expert Advisor (EA) : Support For Automated Trading
- Algorithmic Trading : Support For Complex Trading Strategies
- Strategy Tester : Allows Traders To Test Trading Strategies
Compliance And Risk Control System ThorFX Explicitly States That Is Not Regulated By Any Financial Regulator , So Its Compliance And Risk Management Capabilities Are Called Into Question. Clients Should Be Particularly Aware That Unlicensed Brokers May Not Be Able To Provide Adequate Trading Security And May Not Have Access To Legal Remedies In The Event Of A Problem.
Market Positioning And Competitive Advantage ThorFX's Market Positioning Is A Broker That Offers A Wide Range Of Trading Products And Flexible Leverage Options. Competitive Advantages Include:
- Multiple Trading Products : Covers Forex, Cryptocurrencies, Commodities, Indices And Stocks
- Flexible Leverage Options : Maximum Leverage Of 1:500
- Low Spreads And Commissions : Floating Spreads From 0.1 Pip, Commissions Vary Depending On Account Type
Customer Support And Empowerment ThorFX Provides Customer Support Through Live Chat, Call Back Requests And Social Media Platforms, And Supports Multiple Languages. Clients Can Obtain Assistance With Trading Strategies, Market Analysis, And Technical Support Through These Channels.
Social Responsibility And ESG ThorFX's Information On Social Responsibility And ESG Is Not Explicitly Provided.
Strategic Cooperation Ecology ThorFX's Information On Strategic Cooperation Is Not Explicitly Provided.
Financial Health ThorFX's Financial Health Information Is Not Explicitly Provided.
Future Roadmap As Of May 2024, ThorFX Has Announced The Cessation Of Operations And The Termination Of Its Business. Clients Should Immediately Log Into Their Accounts And Withdraw Any Remaining Funds Before 2024. Clients Who Fail To Comply With This Requirement May Suffer Losses Due To Failure To Withdraw Funds In A Timely Manner.
Please Note That Choosing An Unlicensed Broker Involves Significant Risks That May Result In A Loss In Capital. Clients Should Fully Understand The Relevant Risks Before Entering Into A Trade.
