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Contract reading

What Thaurus legally published, but does not want you to read

Every clause below is published by Thaurus itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: Thaurus Ltd

sole discretiondeemed acceptancehidden feeprofit voidingforum waiverkyc freezeunilateral amendmentwithdrawalsabusive tradingaccount closure

Thaurus can take 50% of your balance as a penalty if it decides you breached the contract. You get three calendar days to complain about a trade before Thaurus stops having to answer. Withdraw everything within two months of opening and a 10% fee applies. Its licence page promises segregated accounts; clause VII.10 lets Thaurus pledge your money to third parties.

Back to Thaurus

Contract risk

Money at risk
7.8/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
4
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
18
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
6
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
6

How the 18 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical4
Warning13
Notice1

section 76 of 87is where the deepest clause sits, 87% of the way into the document it is in

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

2 of these 4 figures come from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical50%Profit at risk. Jump to the clause this comes from.Half your balance as a penalty for a breachCritical3 daysTime to complain. Jump to the clause this comes from.Three calendar days to complain about a trade10%Fee you were not shown. Jump to the clause this comes from.A 10% fee for taking your money back early$50Fee on an unused account. Jump to the clause this comes from.Monthly charges for holding a position and not trading

What the documents say

18 clauses worth knowing about, worst first, each quoted from Thaurus's own files

01

Thaurus can take 50% of your balance if it decides you broke any part of the contract. Clause XIII.6 also fires where something you told Thaurus turns out to be misleading, or where a conflict of interest arises. Any bonus goes as well.

Why this matters

You can lose half your own money with no trading loss behind it. The trigger is a breach of any provision, not a proven fraud, and the clause gives you no appeal.

Exhibit 1CriticalRarely seen50%

THAURUS has the right to terminate the Contract with immediate effect in case the Client is in breach of any of the provisions of the Contract, in case any statements or representations, provided by Client, are found to be false, untrue or misleading during the effect of the Contract or whenever a Conflict of Interests arises.
Clause XIII.6 in Terms & Conditions, p.19
Read from the broker's site on Open the reference

Buried at section 58 of 87 in the Terms & Conditions, 67% of the way through.

What it costsOn a $10,000 balance the penalty is $5,000. Bonus credit goes too, and the fees in clause XIII.1 are still due.

Our readingA fixed share of the client balance taken as a penalty is unusual in a retail trading agreement. Most agreements limit recovery to loss the firm can show. This one sets the figure in advance at half of everything you hold.

  • Worse together with Exhibit 11Thaurus can switch the account off with no notice, and the same suspected breach lets it keep half the balance.
02

You have three calendar days to put a complaint about a trade in writing, and fifteen for a complaint about the service. After that, clause XXIV.1 says Thaurus has no obligation to handle it.

Why this matters

Three calendar days includes the weekend. A trade that closes on Friday leaves you until Monday. Thaurus publishes a complaints policy promising a 4 week investigation, and that policy never mentions this deadline.

Exhibit 2CriticalHarder than usual3 days

complaints or claims must be submitted to any of authorized employees of THAURUS in written form and no later than three calendar days in case the claim or complaint concerns a Transaction or Transaction Order, and no later than fifteen calendar days in case the claim or complaint concerns Investment Services provided by THAURUS.
Clause XXIV.1 in Terms & Conditions, p.25
Read from the broker's site on Open the reference

Buried at section 76 of 87 in the Terms & Conditions, 87% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must give a retail client access to an independent complaints scheme, and must handle complaints raised long after the event. This contract closes the door after three calendar days and leaves Thaurus no duty to reply.

Thaurus is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 3Thaurus can call your profits invalid on suspicion alone, and you get three days to object to the trades behind them.
03

A suspicion of arbitrage, abuse, hedging across accounts or manipulation makes every trade you placed invalid under clause XII.1(g). Thaurus decides that by itself. It can close all your accounts and hand back only what you deposited.

Why this matters

Your winnings can be erased while your deposit is returned, so a good run ends where it started. Thaurus needs an indication or a suspicion, not proof, and the contract never defines abuse.

Exhibit 3CriticalHarder than usual

Any indication or suspicion, in THAURUS’ sole discretion, of any form of arbitrage (including but not limited to risk free profiting), abuse (including but not limited to participant's trading activity patterns that indicate that the participant solely aims to benefit financially without being genuinely interested in trading in the markets and/or taking market risk), internal hedging in coordination with other parties (or via the use of different accounts of the same client, dedicated in any way for the same purpose of hedging and abusing the market moves in this manner), abuse of our ‘no negative balance’ policy, fraud, manipulation, cash-back arbitrage or any other forms of deceitful or fraudulent activity, will constitute all Transactions carried and/or profits or losses garnered as invalid.
Clause XII.1(g) in Terms & Conditions, p.17
Read from the broker's site on Open the reference

Buried at section 53 of 87 in the Terms & Conditions, 61% of the way through.

What it costsDeposit $1,000, trade it to $4,000, and a suspicion under clause XII.1(g) leaves you the original $1,000.

  • Worse together with Exhibit 9The same suspicion also lets Thaurus stop paying out while it decides, with no deadline on the decision.
04

Thaurus tells you on its licence page that your money sits in segregated accounts, separate from company accounts, used solely for your trading. Clause V.8 puts your deposit into accounts held on behalf of Thaurus. Clause VII.10 lets Thaurus pledge it to third parties as security.

Why this matters

Money pledged as security for someone else's obligation is exposed if that obligation fails. You gave that permission at account opening, and the page you read before opening says the opposite.

Exhibit 4CriticalRarely seen

The Client hereby acknowledges that the funds deposited by the client on the Client Account are kept in one or more accounts held with a financial institution on behalf of THAURUS.
Clause V.8 in Terms & Conditions, p.11
Read from the broker's site on Open the reference

Where it sits: section 31 of 87 in the Terms & Conditions, 36% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus), ASIC (Australia)

Firms licensed by the FCA, CySEC or ASIC must hold retail client money separately from their own and cannot use it as their own collateral. This contract records your authorisation for Thaurus to use your funds as a security deposit with third party service providers.

Thaurus is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Our readingA clause letting a broker post client money as collateral with its own service providers is a wholesale funding device. Pointed at a retail balance, it turns your deposit into security for a business arrangement you are not part of and cannot see.

  • Worse together with Exhibit 13Your money can be pledged to a third party, and no compensation scheme stands behind it if that goes wrong.
05

Withdraw everything within two calendar months of opening and Thaurus can charge 10% of the amount you are taking out. Clause VII.7 calls it the No Trading Fee. The account types page advertises free withdrawals.

Why this matters

Deposit, change your mind, and leaving costs you a tenth of your own money. The charge has nothing to do with a loss: it applies because you did not trade.

Exhibit 5WarningRarely seen10%

Should the client withdraw all funds from their account within 2 calendar months from the day of opening their account with THAURUS, the Company reserves the right to charge the Client the “No Trading Fee” of 10% of the residual amount such Client intends to withdraw.
Clause VII.7 in Terms & Conditions, p.13
Read from the broker's site on Open the reference

Where it sits: section 38 of 87 in the Terms & Conditions, 44% of the way through.

What it costsDeposit $1,000, place no trades, ask for it all back in week six. Thaurus can keep $100.

Our readingCharging a percentage of the balance because a client did not trade is unusual. Ordinary agreements recover a flat processing cost, not a share of the money leaving.

  • Worse together with Exhibit 6Leaving early costs 10%, and waiting instead starts the monthly dormancy and held position charges.
06

Hold a position unchanged past 30 calendar days and clause X.4 charges you $50 or €50 for every calendar month after that. Place no trades for two months and you become a Dormant Client, which costs a further €10 a month.

In plain words

Dormancy means an account left unused.

Why this matters

Buying and holding is charged here as inactivity. One long term position costs you $600 a year on top of the spread, and after six months of inactivity Thaurus lists your account as one it can close.

Exhibit 6WarningRarely seen$50

In the event the Client holds any trading position in unchanged status (including the quantity) for a period exceeding 30 calendar days, an inactivity fee of $50 or €50 (the case may be, respective to the currency of trading account) shall apply for any initiated calendar month after such period.
Clause X.4 in Terms & Conditions, p.17
Read from the broker's site on Open the reference

Where it sits: section 50 of 87 in the Terms & Conditions, 57% of the way through.

What it costsOne position left untouched for a year costs $600 under clause X.4. If you placed no trades either, the €10 dormancy charge runs alongside it.

Our readingDormancy fees are common. A fee that triggers because an open position has not changed is not: it charges the buy and hold trader for the strategy itself, while the position still carries market risk.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
Day 30A $50 or €50 fee starts for each calendar month a position stays unchanged.X.4
2 calendar monthsNo trade opened or closed makes you a Dormant Client.I.13
Day 60Thaurus can charge €10 a month and claims full discretion to terminate you.X.3
Six monthsInactivity of the account becomes a listed ground for closing it immediately.XII.1(f)

The charges that matter are not where the money is discussed

A 10% No Trading Fee applies if you withdraw everything within two months of opening, under clause VII.7. Clause X.2 works out every other charge from a list of charges Thaurus does not publish, and clause X.1 lets it add more. Clause V.10 charges $100 for querying a trade Thaurus decides you should not have queried.

Cost disclosure2 clauses flagged

Clause X.2 works your charges out from the relevant list of charges, and Thaurus publishes no such list in any of its six documents. Clause X.1 lets it add or change fees. Clause X.5 lets it charge an unnamed amount for looking at prices without trading.

Why this matters

You cannot check a charge against a schedule you have never seen. Thaurus states on its licence page that it has no hidden fees, while the contract keeps the pricing document out of sight.

Exhibit 7WarningHarder than usual

For any Transaction Order or other act made by Client, from which charges might arise, the amount charged to the Client shall be counted accordingly to the relevant list of charges, which was valid at the time of entering Transaction Order or other act, from which the charges might arise.
Clause X.2 in Terms & Conditions, p.16
Read from the broker's site on Open the reference

Where it sits: section 49 of 87 in the Terms & Conditions, 56% of the way through.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must disclose all costs and charges to a retail client before that client trades. This contract calculates charges from a list it does not publish, and reserves the right to add new ones.

Thaurus is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 10Thaurus can add a fee by changing the terms alone, and the list those fees sit on is not published for you to check.

Ask Thaurus to check a transaction that was not executed and clause V.10 lets it charge you $100 per review, if it decides your request was unjustified. If the review shows you were right, Thaurus pays.

Why this matters

Querying a platform error costs you $100 whenever Thaurus disagrees with you afterwards. On a small account, that is a reason not to ask.

Exhibit 8WarningRarely seen$100

However, if the client’s request proves to be inadequate and unjustified, THAURUS may, at its own discretion, charge $100 (one hundred U.S. dollars) per revision.
Clause V.10 in Terms & Conditions, p.11
Read from the broker's site on Open the reference

Where it sits: section 32 of 87 in the Terms & Conditions, 37% of the way through.

Our readingCharging a retail client for investigating a trade is uncommon, and here the amount is fixed in advance. The firm judging whether your own query was justified is what makes it a deterrent.

Five working days, unless Thaurus decides otherwise

Clause VII.4(e) gives Thaurus five working days to send a withdrawal. Clause XXIV.6 lets it withhold what it owes you whenever it detects abusive trading, on its sole determination, with no time limit written anywhere. A request can also be rejected if Thaurus finds your authenticity disputable.

Exit conditions1 clause flagged

Thaurus takes up to five working days to send a withdrawal under clause VII.4(e). Clause XXIV.6 then lets it withhold what it owes you whenever it detects abusive trading, and it decides that alone. Nothing limits how long the hold lasts.

Why this matters

Your payout can stop on a judgment only Thaurus makes, with no end date attached. It can also reject the request outright if it finds your authenticity disputable, a test the contract never explains.

Exhibit 9WarningHarder than usual5 working days

THAURUS reserves the maximum period of five working days, starting at the moment of placing a withdrawal request by Client, before the funds are transferred to Transaction Account of Client.
Clause VII.4(e) in Terms & Conditions, p.12
Read from the broker's site on Open the reference

Where it sits: section 39 of 87 in the Terms & Conditions, 45% of the way through.

Bonus credit props up your equity until Thaurus removes it

A Thaurus bonus arrives as Credit, defined in clause I.11 as a fictional amount that increases equity. Clause VII.9 lets Thaurus remove it at any time by its own decision, and states you have no legal claim to it. Removing equity under an open position moves that position closer to a forced close.

Bonus mechanics1 clause flagged

A Thaurus bonus arrives as Credit, which the contract defines as a fictional amount that increases your equity. Clause VII.9 lets Thaurus remove it at any time on its own decision, and says you have no legal claim to it.

Why this matters

Equity holds your open positions up. Take credit away while a trade is running and the same balance can fall below the margin Thaurus requires, which lets it close your positions under clause IX.1(f).

Exhibit 17WarningStandard wording

This Credit shall be removed anytime according to the decision of THAURUS. The Client is not entitled to the legal claim of Credit assignation.
Clause VII.9 in Terms & Conditions, p.13
Read from the broker's site on Open the reference

Where it sits: section 40 of 87 in the Terms & Conditions, 46% of the way through.

Thaurus can change the deal and switch off the account

Clause II.4 makes a rewritten contract effective the moment Thaurus publishes it, with no written amendment needed. Clause XII.3 lets Thaurus disable your account at any time without prior notice, though clause XII.2 obliges it to explain on request. Clause IX.1(h) changes your leverage without any notification.

Unilateral control3 clauses flagged

Thaurus can rewrite the Terms & Conditions on its own, with no written amendment, and clause II.4 makes the change effective when it is published. Clause XXIV.4 says you agree to be bound by whatever it changes.

Why this matters

You are bound by wording you may never have seen, from the day it goes online. The one limit is Thaurus undertaking that a change will not fundamentally worsen your position, and Thaurus judges that too.

Exhibit 10WarningStandard wording

THAURUS reserves the right to modify these Terms and Conditions unilaterally. No written amendment is required for such modification.
Clause II.4 in Terms & Conditions, p.6
Read from the broker's site on Open the reference

Where it sits: section 14 of 87 in the Terms & Conditions, near the start.

Clause XII.3 gives Thaurus the full right to disable your account at any time, without telling you first, at its sole discretion. Clause XII.2 obliges it to explain the reason if you ask.

Why this matters

Access to your positions and your balance can stop before any explanation reaches you. Clause XIII.1 still makes every outstanding fee due once the relationship ends.

Exhibit 11WarningStandard wording

The Client hereby acknowledges that THAURUS has the full right to disable Client Account anytime without prior notice to Client and at THAURUS’s sole discretion.
Clause XII.3 in Terms & Conditions, p.18
Read from the broker's site on Open the reference

Buried at section 55 of 87 in the Terms & Conditions, 63% of the way through.

Clause IX.1(h) lets Thaurus raise or cut the leverage on your account, case by case, at its sole discretion and without any notification. Leverage is borrowed size, so a cut shrinks what your margin can hold. Clause IX.4 lets it widen spreads with no notice either.

Why this matters

A leverage cut applied without warning can push an open position into a margin call, and clause IX.1(f) then lets Thaurus close your positions without asking you.

Exhibit 12WarningStandard wording

THAURUS reserves the right to apply changes to and amend the leverage ratio (i.e. decrease or increase the leverage ratio), at its sole discretion and without any notification, case by case on any account of the client as deemed necessary by THAURUS.
Clause IX.1(h) in Terms & Conditions, p.15
Read from the broker's site on Open the reference
Our own capture of thaurus.com, taken on Sep 10, 2026The claim, on High leverage options feature, English stock trading platform pageVisit this page on the broker's siteDownload the full size image file

Where it sits: section 44 of 87 in the Terms & Conditions, 51% of the way through.

A claim means three ICC arbitrators in Singapore

Clause XVIII.2 sends every dispute to ICC arbitration before three arbitrators, seated in Singapore, under Mauritius law. The fees for that tribunal exceed most retail account balances before the merits are heard. The bonus promotion terms instead name the courts of Mauritius.

Where you would sue1 clause flagged

Clause XVIII.2 sends every dispute to arbitration under the rules of the International Chamber of Commerce, before three arbitrators, seated in Singapore. Mauritius law governs. The bonus promotion instead names the courts of Mauritius.

Why this matters

A three arbitrator ICC case costs far more than a retail balance, so the clause prices you out of ever bringing a claim. You also cannot use a local court.

Exhibit 14WarningRarely seen3

All disputes arising out of or in connection with the actual Contract shall be finally settled under the Rules of Arbitration of the International Chamber of Commerce by three arbitrators appointed in accordance with the said Rules. The seat of arbitration shall be in Singapore.
Clause XVIII.2 in Terms & Conditions, p.22
Read from the broker's site on Open the reference

Buried at section 67 of 87 in the Terms & Conditions, 77% of the way through.

Our readingArbitration clauses are ordinary. A three member ICC tribunal is a device for disputes between companies: the administrative fees and the arbitrators' fees start in the tens of thousands, before anyone argues the merits.

Data goes to partners by permission you already gave

Clause XVII.3 shares your information with affiliates and business partners for marketing and says you gave express permission by contracting. The AML Policy keeps records for at least 7 years while the Privacy Policy says 5 years after you leave. Neither document names the partners.

Your records1 clause flagged

Clause XVII.3 says Thaurus collects your data for marketing, shares it with affiliates and business partners, and that you give express permission by signing. Its two policies also disagree on how long the records are kept: the AML Policy says at least 7 years, the Privacy Policy says 5 years after you leave.

Why this matters

Your identity and trading records travel to partners the contract never names, and you consented by opening the account. You cannot tell from the documents when that data is deleted.

Exhibit 16WarningHarder than usual

Such information shall be shared with affiliates and business partners to transact business effectively and the Client gives THAURUS express permission to do so.
Clause XVII.3 in Terms & Conditions, p.22
Read from the broker's site on Open the reference

Buried at section 66 of 87 in the Terms & Conditions, 76% of the way through.

Thaurus quotes the price and takes the other side

The contract's definition of a Transaction has the buyer paying the seller when the difference goes negative, so Thaurus stands opposite your position. Clause XV.7 confirms none of it happens on a regulated market, and the risk disclosure names Thaurus's own server as the only reliable price. Thaurus publishes no conflicts of interest policy.

Who profits1 clause flagged

The contract's own definition of a Transaction has the buyer paying the seller when the difference is negative, so Thaurus takes the other side of your position. Its server is the only price Thaurus treats as reliable, and clause XV.7 confirms none of this happens on an exchange.

Why this matters

Thaurus sets the price, holds the opposite position, and gains when you lose. It publishes no conflicts of interest policy, yet clause XIII.6 lets it end the contract and take 50% when a conflict of interest arises.

Exhibit 15WarningStandard wording

It states that the seller will pay the buyer the difference between the current value of an asset and its value at "contract time". If the difference is negative, the buyer pays the seller instead.
Clause I.37 in Terms & Conditions, p.4
Read from the broker's site on Open the reference

Where it sits: section 7 of 87 in the Terms & Conditions, near the start.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA or CySEC must publish a conflicts of interest policy and tell a retail client when they deal on their own account. Thaurus defines conflict of interest in its terms and publishes no policy on it.

Thaurus is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Thaurus says no compensation scheme protects you

Thaurus prints in its own risk disclosure that customers are not protected by any statutory compensation arrangement. Clause IX.1(g) offers negative balance protection while clause XV.5 makes you pay a debit balance. The contract also binds you to a Trading Execution Risks document that Thaurus does not publish.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

What backs the balance2 clauses flagged

Thaurus states in its own risk disclosure that you are not protected by any statutory compensation arrangement. Clause IX.1(g) offers negative balance protection, meaning it absorbs a loss beyond your margin. Clause XV.5 then says you will pay Thaurus if your account ends in debit.

Why this matters

If Thaurus fails, no fund repays you. And the protection promised in one clause is taken back by another, so you cannot rely on losses stopping at zero.

Exhibit 13WarningStandard wording

Every Customer should deal with the Company at their own risks and shall not be protected by any statutory compensation arrangements in any event whatsoever.
Clause RISK DISCLOSURE in General Risk Disclosure, p.1
Read from the broker's site on Open the reference

Where it sits: section 5 of 43 in the General Risk Disclosure, near the start.

Set against a regulated standard: FCA (UK), ESMA (EU), CySEC (Cyprus)

Firms licensed by the FCA or under ESMA rules must give retail clients negative balance protection and are covered by an investor compensation scheme. Thaurus holds neither licence, and its own documents both offer that protection and require you to pay a debit balance.

Thaurus is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Clause I.10 lists a Trading Execution Risks document as an integral part of your contract. Thaurus publishes six legal documents and that is not one of them. Clause XIX.8 adds current trading conditions to the same list.

Why this matters

You confirm at signup that you read documents you cannot find. Anything they contain binds you as much as the terms you did read.

Exhibit 18NoticeHarder than usual

It is entered into by THAURUS and the Client and includes the legal documentation considered to be an integral part of the Contract, namely account application filled by the Client, these Terms and Conditions, Risk Disclosure, Anti Money Laundering Policy, Trading Execution Risks and Privacy Policy as updated from time to time and available at THAURUS website.
Clause I.10 in Terms & Conditions, p.2
Read from the broker's site on Open the reference

Where it sits: section 2 of 87 in the Terms & Conditions, near the start.

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The page says your money is used solely for your trading, and the contract lets Thaurus pledge it to third parties.

Said in public, in English

Your funds are maintained in segregated accounts, completely separate from Thaurus operational accounts. This ensures your money is used solely for your trading activity and protected from company liabilities.

Client Fund Protection section, English licence and regulation page

In the contract · clause VII.10

The Client hereby acknowledges and authorizes THAURUS to use his/her funds as collateral/security deposit to third Party Service providers.

02

A promised path to resolution closes three calendar days after the trade you want to dispute.

Said in public, in English

As a regulated entity, Thaurus adheres to fair dispute resolution procedures and is subject to oversight by the FSC Mauritius offering clients additional peace of mind and a path to resolution in case of disagreements.

Dispute resolution and oversight section, English licence and regulation page

In the contract · clause XXIV.1

THAURUS has no obligation of handling claims and complaints submitted after these periods.

03

No hidden fees sits above a charge whose amount the contract never states.

Said in public, in English

No hidden fees, no ambiguous terms just clear, reliable information.

Operational transparency section, English licence and regulation page

In the contract · clause X.5

Data feed charge: THAURUS reserves the right to levy a reasonable charge to reflect our costs in making real time prices available to you on your Account if you repeatedly access your Account over an extended period without placing any Orders and executing trades on the Account.

04

Free withdrawals are advertised on the entry account, and taking everything out early costs 10%.

Said in public, in English

Free withdrawals: 5 per month

Bullion Power account card, English account types page

In the contract · clause VII.7

Should the client withdraw all funds from their account within 2 calendar months from the day of opening their account with THAURUS, the Company reserves the right to charge the Client the “No Trading Fee” of 10% of the residual amount such Client intends to withdraw.

05

The commission free account still carries a $50 monthly charge for holding a position past 30 days.

Said in public, in English

NO Commision

Bullion Power account card, English account types page

In the contract · clause X.4

In the event the Client holds any trading position in unchanged status (including the quantity) for a period exceeding 30 calendar days, an inactivity fee of $50 or €50 (the case may be, respective to the currency of trading account) shall apply for any initiated calendar month after such period.

06

One page advertises 1:1000, the account types page caps tiers at 1:200, and the contract lets Thaurus change your leverage without notice.

Said in public, in English

The leverage that this system provides is as high as 1:1000.

High leverage options feature, English stock trading platform page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of thaurus.com

In the contract · clause IX.1(h)

THAURUS reserves the right to apply changes to and amend the leverage ratio (i.e. decrease or increase the leverage ratio), at its sole discretion and without any notification, case by case on any account of the client as deemed necessary by THAURUS.

The documents this reading is based on

6 files, all published by Thaurus. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording Thaurus publishes.

How this reading was done

Every clause above was read out of a document Thaurus publishes itself

This reading was published on .

Documents
5 of 6downloaded from the broker's site, and 5 read in full
Pages opened
23pages walked to find those documents, footer links included
Marketing pages
9public pages set against what the contract says
Position measured
18clauses whose position was counted: which numbered section of the document holds them, out of how many

Who the contract is with

Thaurus Ltd

You contract with Thaurus Ltd of Port Louis, Mauritius, holding Mauritian Financial Services Commission licence GB22200432. Its own documents disagree on which company that is. The Terms & Conditions give registration number 190874 at 8th Floor, Hennessy Tower. The Privacy Policy gives 190871 at Suite 602, 6th Floor of the same building. One brand, one licence number, two company numbers, two addresses. The AML Policy also refuses clients from Mauritius itself, so residents of the country that licenses Thaurus cannot open the account.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

All six legal documents sit in the footer of every page as direct links, with no login and no search needed. The risk disclosure is blunter than most: Thaurus prints in its own words that no regulator has vouched for it and that clients get no statutory compensation. The complaints policy commits to a 48 hour first reply and an 8 week outer limit, with a named complaints address. The excluded countries appear on every page of the site instead of only in a PDF. Where Thaurus voids trading it calls abusive, clause XII.1(g) still returns the original deposit, and clause V.10 makes Thaurus pay for a query that turns out to be justified.

We could not read the text of the deposit bonus terms. Everything here about bonus credit comes from the Terms & Conditions instead, and we quote no figure from the bonus document. No earlier version of any of the six documents is available, so this is a first reading with nothing to compare against. Thaurus offers Thai, Spanish, Arabic and Portuguese versions of its site, but those carry no content, so there was no non-English marketing to hold against the English contract. The Terms & Conditions name a Trading Execution Risks document and a list of charges as part of the contract, and neither is published, so we could not read either. We did not see inside the client portal, so any fee schedule shown only after registration was not read.

How to check any of this yourself

Every quote above links to the Thaurus file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document Thaurus publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge Thaurus on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 10, 2026.

If you represent Thaurus and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on Thaurus. Whether its licence is real and current is a separate check on the broker profile.

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