In a difficult economic climate where many of the foreign exchange brokers have struggled or have shown little or no growth due to the financial currency markets dropping to record levels, Torfx have ended its financial year 30th September 2010 on a record high and will be reporting significant profits from trading. Torfx is very pleased with the achievement made, and is confident it will continue its strong growth over the next financial year.
As well as concentrating on increasing market share of the foreign exchange market during 2010, Torfx has also achieved FSA authorisation under the Payment Service Regulations 2009 (FRN517320) for the provision of payment services, which among other things demands a high level of capital adequacy and client segregated accounts. Furthermore, Torfx has been voted “European Currency Broker of the Year” by British expats around the world, and has recently been selected by the UK Government’s UKTI to assist British SME’s with their international payments.
Managing Director, Jon Beddell said, “one of the keys to success is that our customers can talk to a dedicated account manager no matter what size of trade they are making, and we pride ourselves on giving the best possible service so that clients use us time and time again and are delighted to refer us to others. With regular overseas payments from £500, and trading over 40 currencies, we are able to assist both private and corporate clients”.