Thor FX Scam Warning: Spain CNMV Alert, Crypto Deposits

Thor FX, named after the Norse god of thunder, is a platform that offers forex and CFD trading through accounts funded with cryptocurrency. Spain’s capital markets authority, the CNMV, has listed the platform among entities operating without authorisation.

⚖️ The CNMV Warning and the Changing Company Address

The CNMV’s warning was published in the name of THOR FX / THOR MARKETS LLC and for the address thorfx.com, and was entered into the international warning network on 14 November 2023. The platform first said it was registered in Saint Vincent and the Grenadines, then began to name the Marshall Islands as the responsible country; neither country licenses forex brokerage.

🔍 Domain Name and Social Media Accounts

🚩 What Depositing with Crypto Means

The model of having the customer buy crypto by card and send it straight to the platform’s wallet is preferred because it weakens the chargeback / dispute options with the bank. Forex money being moved to a crypto exchangeTR is the trace most often found in these cases.

🔗 Platforms Working in the Same Way

🧭 How Does the Process Work?

In tracing crypto transfers, the link to money launderingTR becomes important; routes for recovery from an overseas firm are then assessed. For detailed information and legal support, you can contact Savun Law & Consultancy.

❓ Common Questions