ToraFX
We checked ToraFX against the AskCheck register. It has been reported (2025) and carries the red flags below. Treat it with extreme caution.
Why it’s flagged
What we found
ToraFX does not disclose any regulatory information or even a clear company name, only providing a business address in the Union of the Comoros. A search of the registry of the Mwali International Services Authority (MISA) shows 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. Therefore, ToraFX is unlicensed by any regulator and appears to be a scam.
Assessment source: FastBull BrokersView.
What to do next
- Stop sending money. Don’t make another deposit, pay a “tax” or “release fee”, or share remote-access to your device.
- Gather your evidence. Save statements, chat logs, transaction IDs and the wallet addresses you paid to.
- Report it to your regulator and to local police / action-fraud line so it’s on the official record.
- Add your report here so the next person searching this name is warned — report ToraFX.
- Verify on the register. Cross-check the full entry on the SentFunds register before you trust anyone offering to help.