Overview of Taurex
Taurex is a prominent brokerage situated under the regulation of the FCA. The company offers a broad assortment of over 1000 trading assets that include Forex, cryptos, shares, indices, metals, and commodities, aimed at addressing the varied interests of traders.
The maximum leverage provided by Taurex extends up to 1:1000, giving traders significant trading capacity. The spreads offered by Taurex start from 0.0 pips. While Standard Zero and Pro Zero accounts enjoy the benefit of no commission, the Raw account is charged a commission of $2.0 per side. For its trading platforms, Taurex provides compatibility with MetaTrader 4, MetaTrader 5, and their in-house Taurex App.
To ensure client satisfaction, they provide round-the-clock customer support that includes 24/5 live chat, email, and phone assistance. For the enrichment of its clients, they also offer educational resources such as real-time updated market news and daily market analysis.
Regulatory Status
Taurex Limited, authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No. 816055.
Taurex Global Limited, offshore regulated by the Seychelles Financial Services Authority (FSA) with Regulatory License No. SD092.
Pros & Cons
On the positive side, Taurex is regulated by the Financial Conduct Authority (FCA), offering traders transparency and reliability. Traders have the flexibility to choose from three types of accounts depending on their trading preferences and styles. The generous leverage of up to 1:1000 significantly enhances the trading capacity, providing opportunities to potentially increase profits. In addition, Taurex supports both MetaTrader 4 and MetaTrader 5, two well-renowned trading platforms known for their useful features and functionalities. The broker also offers competitive spreads which can minimize trading costs, and features access to over 1000 financial instrumentss.
Nevertheless, Taurex also has a few downsides. One is the relatively high minimum deposit of $100, which might not be accessible for traders with a smaller budget or beginners who are wary of risking larger amounts. Although the Raw account can appeal to some traders for its extremely low spreads, it might not be ideal for those who prefer a cost structure that does not include commission charges.
Market Instruments
Taurex offers investors more than 1000 financial instruments including Forex (over 50 currency pairs), cryptos, shares, indices, metals, and commodities.
Account Types
Taurex offers a range of account types to cater to various investors' needs, which include the Standard Zero, Pro Zero, and Raw.
The Standard Zero account requires a minimum deposit of $100 and offers attractive features such as forex and CFD leverage up to 1:1000, access to over 1500 instruments (including Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies), ECN execution, and spreads as low as 1.6. Interestingly, this account type does not charge any commission.
The Pro Zero account requires a higher minimum deposit of $500 but offers similar features to the Standard Zero account. The forex and CFD leverage are still at 1:1000, and the access to instruments remains the same. The Pro Zero account stands out with its lower spreads, which can go down to 1.2, and still doesn't charge any commission on trades.
The Raw account offered by Taurex requires a minimum deposit of 500. This account type allows for forex leverage up to 1:1000 and CFD Leverage (for Indices & Commodities) up to 1:1000. There are over 1500 instruments available to trade, which comprise Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies. The account relies on ECN execution which is known for its speed and transparency. An impressive feature of the Raw account is its extremely tight spreads which can reach as low as zero.
They also offer Islamic accounts, also known as Swap Free accounts, to accommodate our clients' religious beliefs.
Leverage
Taurex provides a maximum leverage of 1:1000 for its account holders. This means that, for every one dollar in their account, traders can take control over assets up to the value of $1000.
Spreads & Commissions
In terms of spreads and commission, Taurex offers competitive conditions for its traders.
For spreads, which refer to the difference between the buy and sell prices of a currency pair or asset, Taurex presents very low amounts. For instance, in the Standard Zero and Pro Zero accounts, spreads can go as low as 1.6 and 1.2 respectively.
More impressively, spreads in the Raw account can go down to zero, which is a striking benefit for active traders seeking the tightest trading conditions.
For commissions, Taurex operates on different models depending on the account type. While trading with the Standard Zero and Pro Zero accounts, traders enjoy zero commission on trades. This is an attractive offer for traders who prefer a cost structure that is mainly spread-based.
However, with its Raw account, Taurex implements a commission structure that charges up to $2.0 per side. This can be advantageous for traders who give priority to super low spreads and don't mind a commission-based pricing model.
Trading Platform
Taurex offers a suite of trading platforms that cater to different trading needs and preferences. These platforms are designed to enhance your trading experience and help you tailor your trading to your specific needs.
MetaTrader 4 (MT4): MT4 is renowned for its user-friendly interface and efficiency. It provides you with access to a wide range of powerful trading tools to help you get the most out of your trading.
MetaTrader 5 (MT5): MT5 takes trading to the next level. It's known for its advanced features and ultra-reliable performance. Just like MT4, MT5 supports one-click trading and provides robust charting tools and technical indicators, but it also houses additional powerful features which include more types of orders, more indicators, and more tools for technical analysis.
Taurex App: The Taurex App delivers an intuitive, seamless, and unrivaled mobile trading experience. It's designed to make trading on-the-go as easy and efficient as possible. With its user-friendly interface and robust suite of features, trading convenience is truly at your fingertips.
Deposits & Withdrawals
Taurex offers flexible funding options to cater to the varying needs of its users. The payment methods supported by Taurex span a diverse range, allowing for easy account funding. Users can opt for digital wallet services like Skrill and NETELLER, which provide fast and secure transactions.
Taurex also accepts major credit and debit cards such as VISA and Mastercard, which are widely used due to their convenience. Moreover, wire transfers are supported for those who prefer traditional bank transactions. By supporting a wide variety of payment methods, Taurex ensures that it's easy and convenient for users to fund their accounts.
Customer Support
Taurex provides various channels for contact and support to ensure comprehensive assistance for its users around the globe:
Live Chat: Taurex provides 24/5 live chat support for instant help from their team of experts.
Email Support: Depending on the region, users can reach out via different email addresses as follows:
For Global users: support@tradetaurex.com
For LATAM: contacto@tradetaurex.com
For Asia: asiasupport@tradetaurex.com
For MENA: menasupport@tradetaurex.com
For Africa: africasupport@tradetaurex.com
Phone Support: Users who prefer phone communication can find their regional contact numbers below:
For Global inquiries: +2484632026
For LATAM - Mexico: +578005189634
For Asia: +601548738822
For Mexico: +528004610426
For MENA: +97145429103
For Africa: +23233996965
Educational Resources
Regarding educational resources, Taurex provides real-time updated market news and daily market analysis updates based on your personal preferences.
Frequently Asked Questions
Q: What is the maximum leverage available at Taurex？
A: Taurex provides a maximum leverage of 1:1000 for its account holders.
Q: Which trading platforms does Taurex support？
A: Taurex supports MetaTrader 4 (MT4), MetaTrader 5 (MT5), and the Taurex App for trading.
Q: Does Taurex charge a commission on trades？
A: While there are no commissions for the Standard Zero and Pro Zero accounts, the Raw account charges up to $2.0 per side.
Q: How can I get in touch with Taurex's customer support？
A: You can reach out to Taurex through 24/5 live chat, phone, and regional email support.
Q: What educational resources does Taurex provide？
A: Taurex offers real-time updated market news and daily market analysis updates.
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