TOREFURE LTD is a CFD broker with a website domain registered on June 1, 2024. It primarily offers trading services in financial derivatives such as forex, precious metals, oil, indices, and cryptocurrencies to retail and institutional clients. The broker does not provide services in jurisdictions where doing so would violate local laws or regulations.
Company Registration Information and Regulatory Status:
Public information on the TOREFURE LTD (torefure.com) website shows that its headquarters are located in Denver, USA, and it is one of the 50 largest financial services companies in the UK. It is regulated by the U.S. National Futures Association (NFA) and the U.S. Financial Crimes Enforcement Network (FinCEN), with NFA ID: 0564349 and MSB ID: 31000273428157.
Upon verification, the websites of the U.S. National Futures Association (NFA) and the U.S. Financial Crimes Enforcement Network (FinCEN) confirm that the company registered with NFA ID 0564349 and MSB ID 31000273428157 is indeed TOREFURE LTD. However, it is registered as a non-member entity with the NFA and has not been authorized or regulated by the NFA. FinCEN's primary mission is anti-money laundering. Therefore, in actuality, TOREFURE LTD is an unregulated scam broker website.
Additionally, the website design and content of TOREFURE LTD (torefure.com) are identical to those of other scam broker websites such as ogm-fx, stockfxmarkets.com, fidelityly, DOMINANT TREASURY, ManCu IFC, and van-markets.com.
Account Opening Process:
TOREFURE LTD Account Opening: Visit the broker's official website and click on "開设账户" on the homepage or in the top right corner of the webpage to enter the account registration page. Fill in personal information such as name, email address, and phone number, set a login password, and upload the front and back of your ID card. Submit the application form, and the account will be successfully registered after submission.
Trading Account Information:
The TOREFURE LTD website only discloses information about spreads, trading leverage, and contract sizes, but does not provide details on account types, trading commissions, minimum/maximum trading volume, maximum position/order sizes, margin call/stop-out levels, or minimum price increments.
- Spreads: Floating spreads, starting from 1 pip
- Trading Leverage: 1:100
- Contract Size: 1 lot = 100,000 currency units
Trading Platform:
TOREFURE LTD offers a proprietary trading platform available on both desktop and mobile. The platform provides over 50 technical indicators and intraday analysis tools, along with features suitable for advanced traders.
Deposits and Withdrawals:
TOREFURE LTD does not explicitly disclose the supported methods for deposits and withdrawals, associated fees, or minimum deposit and withdrawal amounts on its website.
Conclusion:
Traderknows reminds investors that TOREFURE LTD is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like ogm-fx, stockfxmarkets.com, fidelityly, DOMINANT TREASURY, ManCu IFC, and van-markets.com. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
