Taurex

Taurex
WikiStock Rating	⭐⭐⭐
Account Minimum	$100
Fees	Not Mentioned
Account Fees	Up to $2.0 per side on Raw account
Interests on Uninvested Cash	Not Mentioned
Margin Interest Rates	Not Mentioned
Mutual Funds Offered	Not Mentioned
App/Platform	Taurex Trading App
Promotions	Demo trading competition

What is Taurex？

　　Taurex is a comprehensive online trading platform that offers a wide range of trading instruments, competitive spreads, and leverage options for traders seeking diverse investment opportunities. With a user-friendly trading app and access to ECN forex execution, Taurex provides a seamless trading experience for both novice and experienced traders. Additionally, the platform prioritizes customer support, offering 24/5 assistance through various channels, including telephone, email, live chat, social media, and a physical company address.

Pros & Cons of Taurex

• 　　Wide Range of Trading Instruments: Taurex offers access to a diverse selection of over 1500 trading instruments, including Forex, Stocks, Commodities, Cryptocurrencies, and more. Traders have a wide range of options to diversify their portfolio.

• 　　User-Friendly Trading App: The Taurex trading app, available on both Apple Store and Google Play, offers a convenient and intuitive interface for traders to manage and monitor their portfolios on the go.

• 　　ECN Forex Execution: Taurex provides ECN forex execution, ensuring fast and transparent order processing for traders.

• 　　Commission Charged: The Raw account type on Taurex incurs high commission fees of up to $2.0 per side, potentially increasing trading costs for users.

• 　　Limited Deposit and Withdrawal Options: Taurex may provide limited options for depositing and withdrawing funds, which could be restrictive for traders with specific preferences or requirements.

• 　　Strict Regional Restriction: Taurex doesn't provide services to residents of the United States, Canada, North Korea, Iran, Belgium, Japan or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

Is Taurex Safe？

• 　　Regulatory Sight: Taurex is subject to regulatory oversight by the Seychelles Financial Services Authority (FSA) (No. SD092) and holds a security trading license as required by the regulatory framework in Seychelles. This regulatory authority is responsible for supervising and enforcing compliance standards within the financial services sector in Seychelles.

• 　　User Feedback: Users should check the reviews and feedback from other clients to gain a more comprehensive sight of the broker, or look for reviews on reputable websites and forums.

• 　　Security Measures: Taurex, operating as the trading name of Zenfinex Global Limited, prioritizes fund security for its investors by adhering to strict regulatory standards set by the Financial Services Authority of Seychelles. With registration number 8428731-1 and License number SD092, Zenfinex Global Limited enforces robust safety measures to safeguard investments, keeping client funds segregated in top-tier banks for added protection during unforeseen financial challenges. Taurex implements stringent security protocols, such as restricted access to files, advanced firewalls, updated anti-virus/malware systems, and state-of-the-art encryption technologies, ensuring the confidentiality and integrity of all transmitted data across its platforms.

What are Securities to Trade with Taurex？

　　Taurex offers traders a wide range of securities to trade, encompassing over 1500 assets across various categories such as Forex, Shares, Commodities, Metals, Indices, and Cryptocurrencies. This diverse selection of assets provides traders with ample opportunities to diversify their portfolios and participate in different markets.

Taurex Accounts

　　Taurex provides traders with three distinct account types, each catering to different trading preferences and needs:

• 　　The Standard Zero account at Taurex requires a minimum deposit of $100 and offers a maximum leverage of 1:1000 for both forex and CFD trading. Traders can access a diverse selection of 1500+ instruments, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies, with ECN forex execution and a minimum spread of 1.6, all without any commission fees.

• 　　The Pro Zero account option comes with a minimum deposit requirement of $500 and features a maximum leverage of 1:1000 for forex and CFD trades. Traders can benefit from the same extensive asset offering of 1500+ instruments, along with ECN forex execution, a reduced minimum spread of 1.2, and zero commission charges.

• 　　The Raw account type at Taurex requires a minimum deposit of $500 and offers a maximum leverage of 1:1000 for forex and CFD trading. Traders can access a wide range of 1500+ instruments, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies, with ECN forex execution. This account features a highly competitive minimum spread of 0 and a commission fee of up to $2.0 per side.

	Standard Zero	Pro Zero	Raw
Minimum Deposit	$100	$500	$500
Maximum Forex Leverage	1:1000	1:1000	1:1000
Maximum CFD Leverage	1:1000	1:1000	1:1000
CFD Instruments	1500+Instruments(Forex, Metals, Shares, Commodities,Indices, Cryptocurrencies)	1500+Instruments(Forex, Metals, Shares, Commodities,Indices, Cryptocurrencies)	1500+Instruments(Forex, Metals, Shares, Commodities,Indices, Cryptocurrencies)
Forex Execution	ECN	ECN	ECN
Minimum Spread	1.6	1.2	0
Commission	0	0	Up to $2.0/side



TaurexFees Review

　　Taurex charges a commission fee of up to $2.0 per side on their Raw account type for forex and CFD trading. This commission fee is applicable when executing trades on this particular account.

Taurex App Review

　　Taurex provides a user-friendly trading app available on Apple Store and Google Play, offering access to over 1500 assets. The app features easy portfolio organization and monitoring, a simplified charting system for better understanding of financial data and market events, essential information for portfolio assessment and trade evaluation, and streamlined trading capabilities for quick and easy asset analysis, monitoring, and trading from anywhere, regardless of trading experience.



Research & Education

　　Taurex provides traders with access to trading guides and webinars to enhance their knowledge and education in the world of trading.

　　Trading guide: A comprehensive document that provides information and insights on various aspects of trading, including market analysis, trading strategies, risk management, and technical analysis. It serves as a reference tool for traders looking to deepen their understanding of the financial markets and improve their trading skills.



　　Webinars (Upcoming): Live online seminars or workshops that cover specific trading topics and provide in-depth education on trading strategies, market trends, and trading psychology. Webinars often include interactive features such as live Q&A sessions and polls, allowing participants to engage with expert traders and mentors in real-time.



Customer Service

　　Taurex offers comprehensive customer support to its clients. This includes being available 24 hours a day, 5 days a week. Clients can reach out to Taurex through various channels.

• 　　Telephone: Clients can call their number +2484632026 for any queries.

• 　　Email: The firm offers assistance through email atsupport@tradetaurex.com.

• 　　Live chat

• 　　Contact form

• 　　Social Media: Taurex also maintains a strong presence on Twitter, Facebook, Tiktok, Instagram, LinkedIn and Youtube, providing clients with a more informal method of communication or for staying updated with the firm's latest news.

• 　　Company address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles.



Conclusion

　　In summary, Taurex offers a diverse range of trading instruments across three account types, accommodating traders of varying preferences and experience levels. Its user-friendly trading app, available on both Apple Store and Google Play, provides convenient access to over 1500 assets, simplified charting, and streamlined trading capabilities. While there are commission fees for certain accounts and limited deposit options, Taurex prioritizes customer support and regulatory compliance, making it a reliable choice for traders seeking a seamless trading experience.

FAQs

　　What account types does Taurex offer？

• 　　Taurex offers three account types: Standard Zero, Pro Zero, and Raw, each tailored to different trading preferences and needs.

　　What is the minimum deposit required to open an account with Taurex？

• 　　The minimum deposit varies depending on the account type, ranging from $100 to $500.

　　What leverage does Taurex offer for forex and CFD trading？

• 　　Taurex offers a maximum leverage of 1:1000 for both forex and CFD trading across all account types.

　　What trading instruments are available on Taurex？

• 　　Traders can access over 1500 trading instruments, including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies.

　　Does Taurex charge commission fees for trades？

• 　　Commission fees vary depending on the account type. Some accounts offer zero commission, while others may incur fees up to $2.0 per side.

Risk Warning

　　The information provided is based on WikiStock's expert evaluation of the brokerage's website data and is subject to change. Besides, online trading entails substantial risks, potentially leading to total loss of invested funds, so comprehending associated risks before engaging is crucial.