Do not trust
34 out of 100 · 90% checked
Our investigation found it is high risk and its claims could not be confirmed, and its client terms carry high risk, with 10 critical clauses.
We checked TAURO MARKETS on 2026-10-31 across its company record, client terms, trading offer and service, and could verify 90% of its record. The score of 34 is what the checked record adds up to; nothing held it down. What would move the score: withdrawal rails, all-in EURUSD cost, instrument breadth. Our published investigation found it is high risk and its claims could not be confirmed, with 4 years of track record. Its client terms carry high risk, with 10 critical clauses.
Score last calculated 2026/10/31
Wikilix independent safety report
Tauro Markets is a real, venture-backed brokerage, but it holds no financial licence we could confirm and it misstates its regulation, so we rate it high risk at 59%. It is not a clone, and no regula…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about TAURO MARKETS: its history, the licences it holds, its trading conditions and its fees.
Tauro Markets is a multi asset CFD brand whose trade name is shared by several separately incorporated group companies, each answering to the rules of its own jurisdiction. The main site, , is operated by JM Financial LLC of Saint Vincent and the Grenadines; a second site at is operated by Global Tauro Ltd of Mauritius. Trading is on MetaTrader 4 and MetaTrader 5 across three account tiers, from a 100 USD minimum deposit, with leverage of up to 500:1 and about 60 forex pairs alongside other CFD markets. No financial regulation has been confirmed on a regulator's own register for any of these entities.
Tauro Markets presents itself as a group of independently incorporated entities rather than a single regulated firm, and the standing differs sharply between them.
The broker also states that the website is not intended for residents of the European Union, and that Tauro Markets and its affiliated entities are not regulated in the European Union and are not authorised to offer investment services there.
No confirmed financial regulation stands behind the main Tauro Markets website. The company that operates it holds a corporate registration in Saint Vincent and the Grenadines, which is not supervision of a trading business, and the profile carries no licence that has been verified on an authority's own register. The Mauritius licence the group advertises belongs to a separate company and a separate website, and it remains an unconfirmed claim here.
Tauro Markets should be treated as an unregulated offshore proposition, and any deposit sized accordingly. The absence of confirmed regulation is the central fact: an unregulated operator offers no statutory compensation scheme and no supervisory route for a complaint. Its client agreement says client money is held in segregated bank accounts (clause 18.1.6.7), but the same agreement lets the broker set off a client's assets against anything the client owes it (clause 13.2), and no regulator checks how client money is held. Set against that, the group does name its operating companies, their registration numbers and their registered addresses in its own legal notice, and it attributes each of its two websites to a named company. That is better disclosure than many offshore brands offer, but disclosure is not supervision, and a corporate registration says nothing about how client funds are handled.
Three live tiers are offered, separated by entry price and cost model.
On the broker's own account cards, VIP adds Instant Services and a personal account manager, which the Classic card does not list, and its spreads start from 0.5 against 1.3 on Classic.
Spreads are variable rather than fixed. The RAW tier charges 3.50 USD per lot per side on top of a raw spread, while the Classic and VIP tiers carry no commission and price the cost into the spread instead. Its funding FAQ says it charges no deposit or withdrawal fee of its own, while banks, card processors and electronic payment systems may apply theirs. Its client agreement, however, reserves the right to charge a fixed 10 EUR on bank wire withdrawals below 250 EUR and on other withdrawals, except card withdrawals of 20 EUR or less. Swap and overnight financing terms are not set out in enough detail to summarise.
Leverage runs to 500:1. That ceiling is confirmed for the RAW tier, and the broker publishes no separate cap for the Classic or VIP tiers. Leverage at that level magnifies losses as quickly as gains.
Both MetaTrader platforms are available. MetaTrader 4 is the one the broker leads with, reached on Windows and Mac from the client dashboard and through the MetaTrader mobile apps for iOS and Android, on the JMFinancial2-Live and JMFinancial2-Demo servers. MetaTrader 5 is also offered, with a Windows installer published for the JM Financial brokerage build alongside the iOS and Android apps.
Card payment, bank wire transfer and cryptocurrency are the channels Tauro Markets lists as available to clients in every market, and its funding terms also refer to electronic payment systems, though no individual card scheme, wallet or coin is named anywhere on the site. Its funding FAQ says the broker charges no funding fee of its own, but its client agreement reserves a fixed 10 EUR withdrawal fee in two cases: bank wire withdrawals below 250 EUR, and other withdrawals except card withdrawals of 20 EUR or less. Two verification thresholds apply: deposits totalling more than 2,000 EUR require full account verification, and transactions above 10,000 EUR, GBP or USD may require additional documents. There is no maximum deposit or withdrawal. International bank wire withdrawals have a 50 EUR minimum after fees, and profits can be withdrawn only by bank wire. The client agreement says a complete withdrawal request is processed the same day, or the next working day if it arrives outside working hours; that is the broker's processing time, not the time the money takes to arrive. No deposit processing time is published.
Support runs from Monday 00:00 to Friday 23:59, GMT+2 and GMT+3 during daylight saving, by live chat and by email at support@tauromarkets.com. English and Arabic are served. No telephone number is published for client support.
Strengths:
Limitations:
Tauro Markets is a competently presented offshore CFD brand with a conventional MetaTrader offering and an unusually clear statement of which company stands behind which website. What it lacks, for the site most clients will reach, is a financial licence: the Saint Vincent and the Grenadines company is a registered company and nothing more, and the Mauritius licence advertised for a sister company is an unconfirmed claim that does not cover the main site in any case. The practical consequence is that a dispute over a withdrawal or an execution has no regulator to escalate to. Anyone opening an account should check which company their client agreement actually names, and commit only money they can afford to lose in full.
8 full-page captures of TAURO MARKETS's own site, archived so what they said can still be read after the pages change.
We could not verify the regulation TAURO MARKETS claims. Treat its licences as unconfirmed.
Regulation not verified: your deposit may not be protected.
We could not verify the regulation TAURO MARKETS claims. Until a licence is confirmed on a regulator's official register, money you deposit may be protected only by the company itself.
What this means for you
3 account types on record. Minimum deposit from USD 100. Leverage up to 1:500.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| Classic AccountClassic · Standard | USD 100 | Not recorded | $0 |
| VIP AccountVIP | USD 5,000 | Not recorded | $0 |
| RAW AccountRAW · ECN | USD 100 | 1:500 | $3.5 per lot per side |
Where TAURO MARKETS says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Covered by a parent block
Territories a blocked country carries with it
Explicitly accepted
Named as accepted — not a full list of served markets
4 ways to fund an account. 3 with no deposit fee.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
Credit CardCredit CardTauro Markets' funding FAQ names card payment generically and names no card scheme. Fees: the funding FAQ says Tauro Markets charges no deposit or withdrawal fees, while payment providers and banks may charge their own. Its client agreement (clause 18.2.5) reserves the right to charge a fixed 10 EUR fee on withdrawals other than bank wire, except card withdrawals of 20 EUR or less. This is a right the broker keeps, not a fee it says it charges on every withdrawal. Withdrawals are processed the same day, or the next working day if the request arrives outside working hours (clause 18.2.6); that is when the broker processes the request, not when the money arrives. Withdrawals go back by the method used to deposit (clause 18.2.7), and profits can be withdrawn only by bank wire (clause 18.2.9). No maximum deposit or withdrawal is published; transactions above 10,000 EUR, GBP or USD may need additional documents, and deposits above 2,000 EUR in total need full account verification. No deposit processing time is published. | Free | Not recorded | Not recorded | Not recorded Not recorded | Up to 1 day |
Bank TransferWire TransferPublished by Tauro Markets as 'bank wire transfer', which is why this row is typed as a wire rather than a domestic transfer. Fees: the funding FAQ says Tauro Markets charges no deposit or withdrawal fees, while banks may charge their own. Its client agreement (clause 18.2.3) reserves the right to charge a fixed 10 EUR fee on bank wire withdrawals below 250 EUR. This is a right the broker keeps, not a fee it says it charges on every withdrawal. Minimum: for international bank wire withdrawals the minimum is 50 EUR, net of fees; a smaller amount can go by another method if one is available (clause 18.2.4). Profits can be withdrawn only by bank wire, with a bank statement showing the account name and number (clause 18.2.9). Withdrawals are processed the same day, or the next working day if the request arrives outside working hours (clause 18.2.6); that is when the broker processes the request, not when the money arrives. No maximum deposit or withdrawal is published; transactions above 10,000 EUR, GBP or USD may need additional documents. No deposit processing time is published. | Free | Not recorded | Not recorded | EUR 50 Not recorded | Up to 1 day |
CryptocurrencyCryptocurrencyConfirmed on Tauro Markets' funding FAQ as one of the three channels available regardless of the client's country, though the broker names no specific coin or network. Fees: the funding FAQ says Tauro Markets charges no deposit or withdrawal fees. Its client agreement (clause 18.2.5) reserves the right to charge a fixed 10 EUR fee on withdrawals other than bank wire, which includes crypto withdrawals. This is a right the broker keeps, not a fee it says it charges on every withdrawal. For crypto withdrawals the broker may ask for proof of payment, and if the funds cannot go back to the same wallet it sends them to an account you prove is yours (clause 18.2.7). Withdrawals are processed the same day, or the next working day if the request arrives outside working hours (clause 18.2.6); that is when the broker processes the request, not when the money arrives. Profits can be withdrawn only by bank wire (clause 18.2.9). No maximum deposit or withdrawal is published. No deposit processing time is published. | Free | Not recorded | Not recorded | Not recorded Not recorded | Up to 1 day |
E-walletsE-WalletThis row is kept on uncertainty rather than confirmed. The funding FAQ lists card, bank wire transfer and cryptocurrency as the channels available regardless of country and names no wallet, but the same page's fee answer refers to 'certain electronic payment systems (EPS)' having their own transaction fees, and the broker states its payment menu varies by country. If a wallet is offered, the client agreement (clause 18.2.5) reserves the right to charge a fixed 10 EUR withdrawal fee, as for every withdrawal other than bank wire, and withdrawals are processed the same day or the next working day (clause 18.2.6). Deposit fees, limits and the deposit processing time are not published for this channel. | Not recorded | Not recorded | Not recorded | Not recorded Not recorded | Up to 1 day |
2 trading platforms on record: MetaTrader 4 and MetaTrader 5.
Live and demo servers JMFinancial2-Live and JMFinancial2-Demo. Desktop builds for Windows and Mac are reached from the client dashboard, with MetaTrader 4 apps for iOS and Android.
Windows installer published for the JM Financial brokerage build, alongside MetaTrader 5 apps for iOS and Android.
8 domains on record. All active and served over HTTPS.
3 legal entities behind the TAURO MARKETS brand.
The operating company is JM Financial LLC. Registered in Saint Vincent and the Grenadines. Registration number 2496.
3 other brokers on the record share what TAURO MARKETS offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about TAURO MARKETS
Tauro Markets' client agreement says it processes a complete withdrawal request the same day, or the next working day if the request arrives outside its working hours. That is when the broker processes the request, not when the money reaches you: the time your bank, card issuer or wallet takes comes on top, and the broker does not publish it.
Two rules shape every withdrawal. The money goes back by the method and to the account you deposited from, and profits can be withdrawn only by bank wire. International bank wire withdrawals have a minimum of 50 EUR after fees, and the agreement reserves the right to charge a fixed 10 EUR on bank wire withdrawals below 250 EUR.
The broker offers contracts for difference across five groups it names on its site: forex, with more than 60 currency pairs, stock indices, commodities, metals and cryptocurrencies.
Because these are CFDs you never own the underlying asset and have no rights to it, a point the broker makes in its own risk warning. Its help pages also note that positions held overnight attract a rollover charge or credit.
More than one company. The broker's own legal information says the main www.tauromarkets.com site is operated by JM Financial LLC, registered in Saint Vincent and the Grenadines at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, while www.mau.tauromarkets.com is operated by Global Tauro Ltd, registered at Rue de la Démocratie, Office 306, Ebene Junction, Ebene, Mauritius.
It names a third company, JM Financial Services Co., registered with the Ministry of Commerce in Kuwait, as a treasury services provider, and describes its Tauro Pay card and e-money service as a white label arrangement with a provider licensed by the Central Bank of Jordan. Which company you contract with therefore depends on which of the two websites you open an account through.
No, the broker states that opening a trading account is free of charge.
It allows up to four trading accounts per client, a maximum of three Classic accounts and one VIP account, and says a tier cannot be upgraded in place: moving from Classic to VIP means opening a new account of that type.
Three: euros, US dollars or British pounds. The choice is made when the trading account is opened.
It cannot be changed afterwards. The broker's own answer to a client who wants a different currency is to open a new trading account and select it there.
The broker publishes six reasons a deposit can be held: verification documents not yet submitted, documents that have expired, total deposits above 2,000 euros on an account that is not fully verified, duplicate profiles under the same client, additional payment documents not provided, and a deposit made with a relative's or friend's card or account.
It says its support team makes contact to resolve the hold and advise on the next step. Anything still unexplained goes to support@tauromarkets.com.
Two kinds. For identity it asks for a valid passport or both sides of a government issued identity card, with every edge visible and no details covered. For residence it asks for a document issued in the account holder's own name within the last three months, such as a utility bill, a bank statement or a tax letter, and it rejects purchase invoices, receipts, insurance bills and handwritten documents.
It also requires two questionnaires before granting access to leveraged products, an appropriateness assessment and an economic profile. Corporate accounts need company documentation, including a certificate of incorporation and an LEI code, plus full identity and address checks on directors and on shareholders of 25 per cent or more.
No. The broker states that it does not accept US citizens or residents for tax purposes, and it asks anyone with US indicia, such as a US birthplace, address, telephone number or tax identification number, to declare it, in which case the account will not be approved.
Its restricted list also names Belgium, the Democratic Republic of Congo, Eritrea, Iran, North Korea, Libya, Somalia, Sudan and Israel, together with any jurisdiction where using the site would be contrary to local law. The site carries a separate notice that it is not intended for residents of the European Union.
Yes, and they are severe enough to check before you leave money idle. The broker classes an account as inactive once at least 90 consecutive days pass with no trade, no position opened or closed and no deposit.
An inactive account is then charged monthly at 10 per cent of its balance, with a minimum of 25 euros and a maximum of 49.90 euros or the account currency equivalent, and the charge keeps running until the balance reaches zero. The broker states these charges are not refundable. An account can be reactivated at any time, though renewed verification documents may be required first.
Email is the main route: support@tauromarkets.com reaches the global support team, and the same address is the one the broker gives throughout its help pages for verification, payment and platform problems. There is also a live chat on the website and a self service help centre at .
Support runs from Monday 00:00 to Friday 23:59, on GMT+2 and GMT+3 during daylight saving time, and the broker says its team handles enquiries in Arabic and English. No telephone number is published on its contact or help pages, so email and chat are the only direct channels.
The entry level accounts open from 100 USD, and the broker's help pages say you can fund an account by credit card, bank wire transfer or cryptocurrency, with the methods actually offered to you depending on your country.
On fees, the broker's own documents differ. Its funding FAQ says Tauro Markets charges no deposit or withdrawal fees of its own, while payment systems and banks may charge theirs. Its client agreement reserves the right to charge a fixed 10 EUR fee on bank wire withdrawals below 250 EUR, and on other withdrawals except card withdrawals of 20 EUR or less. These are rights the broker keeps, not fees it says it charges on every withdrawal.
There is no maximum deposit or withdrawal, but transactions above 10,000 EUR, GBP or USD may need additional documents. International bank wire withdrawals have a minimum of 50 EUR after fees, and profits can be withdrawn only by bank wire. The client agreement says withdrawal requests are processed the same day, or the next working day if made outside working hours; that is when the broker processes the request, not when the money reaches you. No deposit processing time is published.
Tauro Markets offers MetaTrader 4 and MetaTrader 5, plus its own browser based WebTrader. It publishes desktop installers for both MetaTrader versions on its website and links the iOS and Android apps for each, and its help pages describe the WebTrader as running straight from a browser with nothing to download or install.
MetaTrader 4 is still the platform the help pages lead with: the login, trading history and download instructions are written around it, using the server names JMFinancial2-Live and JMFinancial2-Demo.
Tauro Markets is a brand shared by several separate companies, and its own legal information makes two regulatory claims. It says Global Tauro Ltd, which runs www.mau.tauromarkets.com, is an investment dealer authorised and regulated by the Financial Services Commission of Mauritius under licence number GB24202909. It says JM Financial LLC, which runs the main www.tauromarkets.com site, is licensed by the Financial Services Authority of Saint Vincent and the Grenadines under Corporation Number 2496 LLC 2022.
Both are claims published by the broker, and neither is confirmed: a search of the FSC Mauritius public register on 3 October 2026 did not find the Mauritius licence listed. The second one also needs reading carefully: a corporation number is a company registration, which shows that a company exists and carries no financial supervision or client protection with it. Treat the regulatory position of the entity behind the main website as unconfirmed.
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