TOREFURE

TOREFURE Information

TOREFURE is an unregulated brokerage company registered in the United States. This firm provides a swath of investment options with its own Tradingweb platform. However, this firm doesn't offer a demo account and there is limited information about trading fees on its website. Furthermore, no phone support option could be a barrier for some investors.

Pros and Cons

Is TOREFURE Legit?

TOREFURE operates without regulation from any recognized financial authority. Engaging with an unregulated broker like TOREFURE carries substantial risks, and investors should be aware of the potential consequences before depositing funds.

What Can I Trade on TOREFURE?

TOREFURE gives you 100+ tradable assets for investing. Depending on your goals and risk tolerance, you can invest in:

• Forex: major currency pairs including EUR/USD, USD/CAD, GBP/USD, USD/JPY, etc
• Energies: US crude oil
• Metals: gold and silver
• Indices: Nikkei Index(N225), German Index (GER30), S&P 500 Index (US500)
• Cryptocurrencies: Bitcoin (BTC/USD), Ether (ETH/USD), Ripple (XRP/USD), etc.

A couple of things you won't see here are ETFs and bonds. TOREFURE doesn't offer either one.

Account Types

Some online brokerages give various account types based on the size of your account. The fee might go down as your balance goes higher. TOREFURE only offers one trading account. And in a way, that's a good thing. Because it means you're not penalized when it comes to fees.

However, no demo account is offered for beginners to practice with. And no detailed information is available either.

TOREFURE Fees

Keeping an eye on investment fees matters. The more fees you pay, the more they eat into your returns. With TOREFURE, information about trading fees is scarce on its website:

However, there is no other detailed information about trading fees available on its website.

Trading Platform

TOREFURE provides its proprietary platform, namely, Tradingweb. This platform is easy to navigate. You can install it on Windows, MAC, IOS, and Android devices. It provides more than 50 technical indicators and intraday analysis tools. Besides, its light-weight mobile app is intuitive and simple.

Customer Support Options

For any questions you might have, help is available via email by email (support@torefure.com), and an online chat feature. There is no customer support phone number listed on the website. Some clients may find that a bit inconvenient.

The Bottom Line

While there are plenty of online brokerages out there, some may fit your needs better than others. TOREFURE makes it easier to build a diversified portfolio. Its own Tradingweb platform is another selling point for investors. However, the biggest drawbacks are insufficient information about trading fees and regulatory hurdles. As you compare online brokerages, keep cost and risk firmly in mind.

FAQs

Is TOREFURE a regulated brokerage?

Yes, TOREFURE is not regulated by any reputable financial authority. Before choosing a brokerage, remember to consider the risk involved.

What account types does TOREFURE offer?

TOREFURE offers only one live trading account.

Does TOREFURE offer leveraged trading?

Yes, TOREFURE provides a leverage option, which is up to 1:100.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for everyone.