What is TOREFURE LTD?
TOREFURE LTD is a Contract for Difference (CFD) broker, with its domain registered on June 1, 2024. The company primarily targets retail and institutional clients, offering a wide range of financial derivative trading services, including forex, precious metals, crude oil, indices, and cryptocurrencies. TOREFURE LTD claims to provide an efficient and secure trading environment to meet the needs of different investors. However, a deeper look into its operations and regulatory status reveals multiple potential risks, urging investors to choose cautiously.
Basic Information about TOREFURE LTD:
Is TOREFURE LTD Safe?
According to the official websites of the U.S. National Futures Association (NFA) and the U.S. Financial Crimes Enforcement Network (FinCEN), TOREFURE LTD is registered as a non-member entity and is not authorized or regulated by NFA, while FinCEN's primary mission is anti-money laundering. Therefore, TOREFURE LTD is essentially an unregulated scam broker website. Additionally, its website's design and content are strikingly similar to those of several scam broker websites, further verifying its lack of safety.
Tradable Assets on TOREFURE LTD:
TOREFURE LTD offers the following tradable assets:
- Forex
- Precious Metals
- Crude Oil
- Indices
- Cryptocurrencies
TOREFURE LTD's Trading Account Information:
TOREFURE LTD's official website only discloses information regarding spreads, trading leverage, and contract sizes, but does not provide details about account types, trading commissions, minimum/maximum trade sizes, maximum position/order sizes, margin levels for margin calls/stop-outs, or minimum price increments.
TOREFURE LTD's Trading Platforms:
TOREFURE LTD offers a proprietary trading platform available for both desktop and mobile devices. The platform features over 50 technical indicators and intraday analysis tools, along with functionalities suited for advanced traders.
Deposits and Withdrawals at TOREFURE LTD:
TOREFURE LTD does not clearly disclose the supported deposit and withdrawal methods, associated fees, or minimum deposit/withdrawal amounts on its website. This lack of transparency poses a significant risk for investors, as the ease of depositing and withdrawing funds is a crucial factor when evaluating a trading platform. The absence of disclosed withdrawal methods leaves investors uncertain about the platform's ability to support fast and reliable withdrawals. Complicated or hidden fees in the withdrawal process can affect the liquidity of investors' funds, especially in urgent situations or during significant market fluctuations.
TOREFURE LTD Customer Support:
TOREFURE LTD provides very limited customer support, available only through email (support@torefure.com). This is clearly inconvenient and unreliable for users who need immediate assistance.
Is TOREFURE LTD Suitable for Beginners?
Given its lack of regulation and transparency, coupled with limited customer support channels, TOREFURE LTD is highly unsuitable for beginners. Novice investors should opt for brokers that are transparent, regulated, and offer multiple support channels.
Pros and Cons of TOREFURE LTD:
Pros:
- Offers a variety of trading assets
Cons:
- False regulatory information
- Lack of operational transparency
- Limited customer support channels
- Numerous negative reviews
- Unreasonable trading conditions
Frequently Asked Questions about TOREFURE LTD:
Is TOREFURE LTD safe and legitimate?
No, it is not safe. The platform falsely advertises its regulatory status and is actually unregulated.
What kind of company is TOREFURE LTD?
TOREFURE LTD is a CFD broker offering forex and precious metal trading services, but it has multiple issues related to false advertising and lack of operational transparency.
How can I get customer support from TOREFURE LTD?
TOREFURE LTD only offers customer support via email, lacking other support channels.
Conclusion:
TOREFURE LTD is a broker with opaque registration and regulatory information and is suspected of false advertising. Its website design and content mirror those of multiple scam broker websites, further proving its lack of safety. Investors should opt for brokers that are transparent, regulated, and have good reputations to ensure the safety of their assets.
