WikiFX

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Based on my review of TorFX, I can confirm that this broker does not operate ECN or raw spread accounts, nor do they function as a traditional forex trading platform where per-lot commissions might apply. In my experience, TorFX is fundamentally a currency transfer service focused on personal and business money transfers rather than speculative forex trading. They are regulated in Australia under ASIC, which certainly adds an element of operational credibility. However, unlike other brokers where commissions per lot are a standard part of cost structure for trading on ECN or raw accounts, TorFX advertises zero commission and no transfer fees for their currency exchange services. For me, this means that questions about per-lot commission are not relevant to what TorFX offers. It’s important to note why this matters: if you are a trader looking for low-spread, high-frequency forex trading accounts with transparent commission-based pricing, TorFX is not a fit. Their business model relies on facilitating currency transfers at competitive rates, not on providing leveraged trading environments or access to markets via MT4, ECN, or comparable platforms. In my judgment, understanding the broker’s core offerings is essential to avoid confusion and potential disappointment. Always verify that the financial service aligns with your trading objectives, especially when the lines between payment services and trading solutions can blur.