Taurex: In-Depth Company Overview

Overview of Taurex

Taurex is a regulated broker under the oversight of the Financial Conduct Authority (FCA). Known for offering a range of investment products with high leverage options, Taurex lists more than 1,000 financial instruments, including CFDs on Forex, Indices, Commodities, Metals, and Shares. With low spread policies, platforms like MT4, MT5, and the proprietary Taurex App, users can benefit from flexible, stable trading environments.

Regulatory Status and Reliability

Taurex Limited operates in the UK under the FCA (License No. 816055) and in the Seychelles under the FSA (License No. SD092). These licenses help ensure a secure trading environment, promote transparency, and protect client funds from misuse.

Key Features and Benefits

Pros

• FCA Regulated: Ensures a well-regulated, safe trading environment.
• Multiple Account Types: Options include Standard Zero, Pro Zero, and Raw accounts.
• High Leverage: Up to 1:1000, allowing increased trading capacity.
• MT4 & MT5 Platforms: Access to advanced tools and analytics.
• Diverse Asset Range: Over 1,000 tradable assets available for diversification.
• Competitive Spreads: Low transaction costs with tighter spreads on some accounts.

Cons

• Minimum Deposit Requirement: Starts at $100, which may be high for some beginners.
• Commission on Raw Account: Tight spreads but with a $2.0 per side commission.

Account Types

Taurex offers three account types, each suited to different trading styles:

• Standard Zero Account:
  • Minimum Deposit: $100
  • Leverage: Up to 1:1000 for Forex and CFDs
  • Spread: From 1.6 pips
  • Commission: None
  • Tradable Instruments: 1,500+ options including Forex, metals, shares, commodities, indices, and cryptocurrencies
• Pro Zero Account:
  • Minimum Deposit: $500
  • Leverage: Up to 1:1000
  • Spread: From 1.2 pips
  • Commission: None
  • Tradable Instruments: Same as Standard Zero with tighter spreads
• Raw Account:
  • Minimum Deposit: $500
  • Leverage: Up to 1:1000 for Forex and 1:100 for CFDs
  • Spread: From 0.0 pips
  • Commission: $2.0 per side
  • Tradable Instruments: Same as other accounts with lower spreads

All accounts support the ECN mechanism for seamless, fast trading without dealing desks. Islamic (Swap-Free) Accounts are also available for adherence to religious principles.

Leverage

Taurex offers leverage up to 1:1000, which allows traders to control larger positions with smaller margins. While this can enhance profits, it also increases risk, and traders are advised to practice caution with high leverage.

Spreads and Commissions

• Standard Zero Account: Spreads from 1.6 pips, no commission
• Pro Zero Account: Spreads from 1.2 pips, no commission
• Raw Account: Spreads from 0.0 pips, $2.0 per side commission

This structure allows traders to choose between commission-free accounts with spreads or a commission-based account with minimal spreads.

Trading Platforms

• MetaTrader 4 (MT4): Popular for its user-friendly interface, advanced charting tools, technical indicators, and support for automated trading strategies.
• MetaTrader 5 (MT5): An updated version of MT4 with more advanced order types, wider charting options, and better analytical tools.
• Taurex App: Proprietary mobile app allowing full account functionality, real-time market data, one-click trading, and a user-friendly interface.

Deposits and Withdrawals

• Digital Wallets: Skrill and NETELLER for fast and secure transactions
• Credit/Debit Cards: VISA and Mastercard options
• Wire Transfers: Ideal for direct bank funding

Taurex does not charge fees on deposits, though some payment providers may apply their own charges.

Customer Support

Available Monday through Friday, Taurex provides fast response times across multiple channels:

• Live Chat: Instant support through the Taurex website
• Email Support: Regional support emails available by region:
• Global: support@tradetaurex.com
• LATAM: contacto@tradetaurex.com
• Asia: asiasupport@tradetaurex.com
• MENA: menasupport@tradetaurex.com
• Africa: africasupport@tradetaurex.com
• Phone Support: Region-specific phone numbers available for local support.

Educational Resources

Taurex offers educational resources to help traders stay informed:

• Market News: Real-time reports on relevant trade events and trends
• Daily Market Analysis: In-depth analysis to support informed trading decisions

Conclusion

Taurex is a flexible broker with strong regulatory standing, offering a variety of features and competitive trading conditions. With over 1,000 tradable assets and leverage up to 1:1000, Taurex suits both beginner and experienced traders. Though the minimum deposit for some accounts may be relatively high, Taurex’s regulated environment, robust platform options, and diverse asset selection make it a reliable choice for traders prioritizing security and performance.