TorFX was founded in 2004 as a money transfer company. It provides foreign exchange and international payments for customers around the world. The company’s main goal is to connect clients with great services and competitive exchange rates. It serves both personal and business customers. It has one of the most top ranked customers support as they assign an account manager for their clients. TorFX allows bank to bank transfers and card to bank transfers. The company deals with sixty currencies across the world and has a reliable online transfer platform. Personal customers are able to access international money transfers, forward contracts, limit orders, stop loss orders, regular transfers and dedicated account managers. Their business clients are offered with similar services as personal customers on addition to multi-currency wallets.
Pros of TorFX services
A personal account manager is assigned to all their customers. The manager assists clients in all their queries and can even arrange your transfers. They assist in getting better rates than whatever is available on the website
Their services are safe and secure. The company holds an AFS license which makes it secure for your money transfers. They transfer over ten billion dollars every year.
TorFX is transparent with their services. They do not charge any fees fixed fees for their transfers. TorFX add a margin on their exchange rate and that is what they offer to their clients. There are no hidden costs by TorFX.
TorFX has flexible transfer options for their customers. They offer forward contracts, spot contracts and market orders to their clients based on their needs.
Their services are easy to use. The TorfX app is available through Apple App Store and Google Play Store for all their personal customers. The sign up process is easy and fast via phone or online registration. Transfers can be initiated and completed within a day and the verification process takes less than a day.
Cons of TorFX services
TorFX services are expensive to certain customers due to their set limits. The minimum amount to be transferred is 250 dollars which locks out individuals who send small amounts to their loved ones.
TorFX has limited transfer payment options for customers. Payment for money transfers is limited to using a bank transfer and the client’s names should be read on the account to avoid cancellation.
Their services are costly for anyone who is sending little money. Any amount less than 2000 dollars has unfavourable exchange rates. The amount is usually higher.