TorFX

TorFX provides international payments, currency conversion and foreign exchange risk management for companies and private clients. The service operates through Tor Currency Exchange Ltd, which is a payment institution and not a bank. The company was founded in 2004 and has its address in Penzance, Cornwall.

Licensing and legal entity

Tor Currency Exchange Ltd is registered in England and Wales under company number 5193147. The company states that it holds an electronic money institution authorisation from the Financial Conduct Authority under FRN 900706. The website also states that client funds are segregated.

Services

The listed services are international payments, delivery-based currency conversion and currency risk management. The service handles large, regular and everyday transfers through an app, an online service and a personal account manager. The target groups are companies and private individuals, and the stated market is the United Kingdom.

Integration

The company publishes an API page on its website, so businesses that want to connect payment flows to their own systems can start there. Exchange rates, fees, limits and onboarding documents are not stated in the published description and should be confirmed with TorFX before opening an account. The services are fiat only, and no crypto assets are listed.