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Taurex

United Kingdom|2-5 years|
Regulated in United Kingdom|Market Making(MM)|MT4/5 full license|Global Business|Medium potential risk|Offshore Regulatory|

https://www.tradetaurex.com/en/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

Full License

9
Server Name
ZenfinexGlobal-Demo MT4
Server Location Germany

Contact

+44 (0) 20 3983 8250
support@zenfinex.co.uk
https://www.tradetaurex.com/en/
4th Floor, 4 Eastcheap, EC3M-1AE, London, United Kingdom

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Disclosure

Danger

MY SCM
2022-01-01

Contact number

English

+44 (0) 20 3983 8250

Broker Information

More

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WikiFX Risk Alerts
Previous Detection : 2023-11-30
  • The Seychelles FSA regulation with license number: SD092 is an offshore regulation. Please be aware of the risk!

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Expose

Taurex · Company Summary

Registered Country/Region United Kingdom
Regulation FCA, FSA
Minimum Deposit £50/$50/€50
Maximum Leverage 1:30
Minimum Spreads From 0.0 pips
Trading Platform MT4 & MT5
Demo Account Available
Trading Assets (over 50 currency pairs), Metals, Commodities, Indices and Stocks.
Payment Methods Bank cards, Skrill and PayU,
Customer Support Phone & Email Support

General Information

Zenfinex is a global retail and institutional brokerage formed by traders for traders, headquarted in London, Mayfair, United Kingdom. Zenfinex Limited is a company registered in England and Wales under registered number: 11077380. Zenfinex offers its clients access to a wide range of trading assets, low spread trading environment, both MT4 and MT5 trading platform available.

Regulation

Zenfinex Limited, authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No. 816055

Zenfinex Global Limited, authorized and regulated by the Seychelles Financial Services Authority (FSA) with Regulatory License No. 8428731-1

Market Instruments

Zenfinex offers investors a range of financial instruments including Forex (over 50 currency pairs), Metals, Commodities, Indices and Stocks.

market-instrument

Accounts

There are three types of accounts for investors to choose from at Zenfinex, namely Standard (minimum deposit of £50/$50/€50), Pro (minimum deposit of £2,500/$2,500/€2,500) and VIP (minimum deposit of £10,000/$10,000/€10,000).

account-type

Standard Account-This account is designed for new or intermediate traders that want a complete trading experience.

  • Open an account with a minimum deposit of £50/$50/€50

  • Use the maximum trading leverage of up to 1:500

  • Trade across Forex, Metals, Indices, and Commodities

  • Trade on MT4, MT5, or Zenconnect

  • No commission fee

Pro Account-This account is for professional traders that want low commission rates and institutional spreads.

  • Minimum deposit of £2,500/$2,500/€2,500

  • Use the maximum trading leverage of up to 1: 500

  • Trade across Forex, Metals, Indices, and Commodities

  • Institutional Spreads and low commission rates

  • $3.5 per side per 100,000 traded/ $3 (for accounts >$20,000)

VIP Account-This account is for professionals that trade at high volumes. It allows you to access raw forex interbank market spreads and more.

  • With a minimum deposit of £10K, $10K or $10K

  • Leverage of up to 500:1

  • Access raw FX interbank market spreads

  • Enjoy the best commission rates

  • $2 per side per 100,000 traded

Demo Accounts

There is also the demo account which enables beginner traders to try out the broker's platforms and practice risk-free trading with virtual funds. It can also be good for trying out different strategies and building you confidence before you make a financial commitment.

Leverage

The maximum trading leverage that traders can use is capped at 1:30 for clients according to the ESMA regulation to protect retail traders.

Spreads & Commissions

The spread for EUR/USD is as low as 0.1 pips, GBP/USD as low as 0.3 pips, USD/JPY as low as 0.2 pips, AUD/USD as low as 0.4 pips, EUR/GBP as low as 0.3 pips. No commission is charged for the Standard Account. For the Pro Account, the commission is USD $8, EUR€7, GBP £6. For the VIP Account, the commission is USD $6, EUR€5, GBP £4.5

Trading Platform

Zenfinex provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) platform (Desktop/Web/Mobile).

Deposits & Withdrawals

The payment methods for international investors include GBP/EUR/USD Bank account (the deposit fee is for free and the withdrawal fee is 20 GBP/EUR/USD), Bank cards (the deposit fee is for free and the withdrawal fee is 3.5 GBP/EUR/USD per trasaction), Skrill and PayU.

Educational Resources

Zenfinex provides some educational resources easy to understand and digest and well explained, which include a series of instructional video analyst, Market Analysis, Podcost and more.

Trading Hours

The trading times at Zenfinex depend on the specific market. For example, the Forex market is open Sunday 17:00 - Friday 17:00 ET.

Accepted Countries

Zenfinex is not directed at residents of the United States 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.

Pros & Cons

Pros Cons
  • FCA-regulated
  • Not accepting traders from some countries
  • Three types of accounts to choose from
  • Limited payment methods
  • Low initial deposit requirement
  • Crypto trading not available
  • A series of educational resources
  • Large deposit for the Pro & VIP accounts
  • Both MT4 & MT5 supported
  • Competitive spreads

Frequently Asked Questions

Is Zenfinex regulated?

Zenfinex's UK entity is regulated by the FCA under license no. 816055, and the its global entity is regulated by the FSA in Seychelles under license number: SD092.

Does Zenfinex accept US Traders?

No, Zenfinex does not accepts US traders.

What live accounts can I choose from with the Zenfinex platform?

There are three types of trading accounts are on offer, Standard, Pro and VIP.

How do I deposit money with Zenfinex?

You can choose to deposit money with Bank Cards, Skrill and payU.

What trading instruments are provided by Zenfinex ?

Zenfinex makes Forex Metals, Commodities, Indices and Stocks available to trade.

News

A Recap of U.S. Market Performance, Forex Trends, and Intraday Analysis for November 27, 2023

ReviewA Recap of U.S. Market Performance, Forex Trends, and Intraday Analysis for November 27, 2023

2023-11-27 11:40

Nvidia (NVDA) contributed to the pressure on the Nasdaq 100 index as it slid a further 1.93%. Reuters reported that the chip-maker is delaying the launch of a new artificial intelligence chip for Chinese customers.

WikiFX
2023-11-27 11:40
Review
A Recap of U.S. Market Performance, Forex Trends, and Intraday Analysis for November 27, 2023
US Stocks Close Mixed, Dollar Eases, Bitcoin Soars

ReviewUS Stocks Close Mixed, Dollar Eases, Bitcoin Soars

2023-10-24 14:36

Bullish Bias for EUR/USD and GBP/USD, Cautious Approach for USD/JPY and Dow Jones (CME)

WikiFX
2023-10-24 14:36
Review
US Stocks Close Mixed, Dollar Eases, Bitcoin Soars
Zenfinex Rebrands as Taurex to Offer Enhanced Trading Experience

NewsZenfinex Rebrands as Taurex to Offer Enhanced Trading Experience

2023-09-13 15:19

Taurex: Elevating Trading with Innovation & Education. Formerly Zenfinex, we redefine the trading landscape for global traders.

WikiFX
2023-09-13 15:19
News
Zenfinex Rebrands as Taurex to Offer Enhanced Trading Experience
DFSA License Newly Acquired By Zenfinex To Enter Mena Market

NewsDFSA License Newly Acquired By Zenfinex To Enter Mena Market

2022-11-30 16:03

Zenfinex, a London-based FX and CFDs broker, has received a license from the Dubai Financial Services Authority (DFSA) to extend its services across the Middle East and North Africa (MENA).

WikiFX
2022-11-30 16:03
News
DFSA License Newly Acquired By Zenfinex To Enter Mena Market

User Reviews

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Carlzig6010
more than one year
As an active trader from Singapore exploring global brokerages, opening a trading account with Taurex has proven a boon for my goals. Unlike previous experiences, account approval with Taurex took less than a day through seamless video verification. Their account dashboard provides real-time monitoring of my open positions, orders and trading history neatly categorized across device access - essential for informed decisions.
2023-11-28 16:27
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0
0
春季里开花十四五六
more than one year
Around a month ago I ran across this company, I can’t even name it a forex broker, because it has all the characteristics of a reliable brokerage company. It is well-regulated by several regulatory bodies in various jurisdictions. It is in my top-5 list of all-time favourites!
2023-02-28 10:08
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0
0
Habu Musa
more than one year
I love this company and the service it offers!
2022-12-05 07:18
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0
0
FX1224969118
more than one year
I don't know how to use this app
2022-12-01 03:20
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0
1
满心欢喜44464
more than one year
I love this company and the service it offers! All types of trading conditions are very friendly, the minimum deposit is very low, MT4 and MT5 platforms are provided, and it also allows you to test it with a demo account before you start trading. Leverage is low, but I think it's important for most people to learn to control risk.
2022-11-23 18:43
Reply
2
0
FX1355090736
more than one year
Covenant
2022-11-07 23:10
Reply
2
0
FX1355090736
more than one year
Allah is the greatest
2022-11-07 23:09
Reply
3
1
FX1355090736
more than one year
Hello
2022-11-07 23:07
Reply
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0
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