According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MT4
- MT5
- FSA
- FCA
Our Evaluation of Taurex
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
Taurex is a moderate-risk broker with the TU Overall Score of 6.73 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by Taurex clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
Taurex offers cooperation on favorable terms. Users get convenient trading platforms, tight spreads, low commissions, and a wide variety of trading instruments. They can apply any lawful strategy and use leverage. Funds can be deposited and withdrawn using all standard methods for free. There are regional restrictions, and remember that Taurex is a CFD-only broker.
Brief Look at Taurex
Taurex is a CFD broker that offers over 1500 instruments across Forex, shares, indices, precious metals, commodities, and cryptocurrencies. The company cooperates with top-tier liquidity providers and applies straight-through processing (STP). The minimum deposit is $100. Raw spreads are from 0 pips. The trading fee either doesn't apply or is $4 per lot. Demo accounts are free. Three types of real accounts differ in the minimum deposit, spreads, and trading fees. Leverage is up to 1:2000. There are no restrictions on trading strategies such as scalping, hedging, or trading on news events, plus advisors are allowed. The broker has good educational content and tools for technical and fundamental analyses. Trading is available on MetaTrader 4, MetaTrader 5. It is worth noting that the Zenfinex company has completed its rebranding over to Taurex, leaving Zenfinex as its B2B (business-to-business) brand.
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- Demo accounts don’t require deposits, letting users learn the broker’s features and practice trading strategies without risks;
- Traders can select one of three real accounts according to their preferences and ambitions;
- 1:2000 leverage increases potential profits even with small capital;
- A large pool of CFDs across 6 asset classes enables clients to form diversified portfolios;
- Trading Central has several unique analytical tools;
- The broker offers partnership programs on individual terms for private individuals and legal entities;
- Tech support is available 24/5 through several communication channels.
- CFDs are the only type of financial instruments offered;
- The broker does not render services to residents of Belgium, Japan, Iran, and a few other countries.
TU Expert Advice
Financial expert and analyst at Traders Union
The company is registered in Seychelles and regulated by the Financial Services Authority of Seychelles (FSA). Taurex is a CFD broker, i.e., contracts for difference are the only trading instruments available. The company offers 6 asset classes, which are quite enough to achieve a wide range of strategic goals and form a diversified portfolio. Clients can use any earning style and method, including scalping, advisors, and algorithmic trading.
Demo accounts are free. There are three real account types – Standard Zero, Pro Zero, and Raw. Accounts differ in the minimum deposit, spreads, and trading fees. This is a typical approach that can hardly surprise anyone. Spreads start at 1.6 pips on Standard accounts; 1.2 pips on Pro; and 0.0 on Raw. There is no trading commission on Standard and Pro accounts, while on Raw accounts, it is $4 per lot. This is a market average and competitive rate. It should also be noted that the broker does not charge deposit or withdrawal fees. Traders can add or withdraw funds using bank accounts, cards, Skrill, Neteller, or Cryptos.
Taurex operates transparently, without any pitfalls or additional charges. It cooperates with top-tier liquidity providers and uses modern technologies that eliminate delays and ensure fast order execution, around 20-30 milliseconds.
Users trade through MT4 and MT5 which can be easily customized thanks to plugins. Trading Central grants access to basic and advanced analytical tools. Taurex offers good education for beginners, although its podcasts can be useful even for professionals. Unfortunately, the broker has serious regional restrictions. Overall, Taurex provides comfortable trading conditions that are equally favorable for traders with different experience and skills. TU recommends considering this broker.
Taurex Trading Conditions
Your capital is at risk. 77.63% of retail investor accounts lose money when trading CFDs with this provider. Taurex and its affiliates do not target EU/EEA/UK clients. It is the user's responsibility to ensure that any use of the website or services adhere to local laws or regulations. Please be aware that you are able to receive investment services at your own exclusive initiative only, ensuring you fully understand all the risks involved.
| 💻 Trading platform: | MT4, MT5 |
|---|---|
| 📊 Accounts: | Demo, Standard Zero, Pro Zero, and Raw |
| 💰 Account currency: | GBP, EUR, and USD |
| 💵 Deposit / Withdrawal: | Visa/Mastercard, bank transfers, and Skrill, Neteller, Cryptos |
| 🚀 Minimum deposit: | $100 |
| ⚖️ Leverage: | Up to 1:2000 |
| 💼 PAMM-accounts: | Yes |
| 📈️ Min Order: | 0.01 |
| 💱 EUR/USD spread: | 0,1 pips |
| 🔧 Instruments: | CFDs on Forex, shares, indices, metals, commodities, ETFs and cryptocurrencies |
| 💹 Margin Call / Stop Out: | 100% / 30% |
| 🏛 Liquidity provider: | No information |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Order execution: | Market |
| ⭐ Trading features: | Free demo accounts; three real account types; low entry threshold; market average charges; no deposit or withdrawal fees; only CFDs on six asset classes are featured; no limits on strategies; high-quality analytics; and good education |
| 🎁 Contests and bonuses: | Demo Trading Competition |
Usually, if a broker offers several real accounts, minimum deposits on them differ. Taurex users who decide to open a Standard Zero account have to deposit at least $100. On Pro Zero and Raw accounts, the minimum amount is $500. Leverage is up to 1:2000 on all accounts and depends on the asset and the trader’s preferences, i.e., a client may not use leverage at all if he doesn’t want to. The broker’s technical support can be contacted by phone and email or through live chat. Operators respond around the clock, but only on weekdays.
Taurex Key Parameters Evaluation
Share your experience
- Best
- Last
- Oldest
Zayn Latif Kouri 
SA Riyadh Many markets to trade, from crypto, to indices and many more.
I can't really say that there is a big deal to discourage traders. But I guess the min deposit is abit big
Juelz Keith
GB Gillingham The assets have good conditions and also the customer services makes the whole trading environment positive
It’s not having much educational material for me.
rattlesnake03898 
Verified
PK Peshawar ?
.
joseph wandera
Verified
US West Palm Beach Best of the best
from my end, i never saw any weakness
Nina Karapetyan
Verified
AM Yerevan Experienced team
Not found
Yasser
Verified
DZ Algiers communication with the office and support is a pleasure - any issue is solved quickly and professionally.
I see no weaknesses
SuhaymShadi Seif
AE Dubai Dynamic margin is definitely what deserves attention when it's about strong sides of the company, unique tool. Other than that - big leverage, up to 1:1000, it's enough to amplify profits, but also to what? hehehe, magnify losses=))
I'd like to see alternatives for topping up the account using cryptos, like some stablecoins like TRX or altcoins like XRP
Trading Account Opening
To begin cooperating with the broker, register on its website and open an account. Registration requires you to provide and confirm your personal details. Then, make a deposit and install the MT4, MT5, or Taurex platform. TU experts have prepared the below step-by-step guide and describes the basic features of the user account.
Go to the broker’s website. In the top right corner, click “Open Account”.
Complete the Taurex sign up form. Choose an individual or corporate account type; enter your first and last names, email, country of residence, country code, and phone number; select a wallet currency; and create and confirm your password.
Include your registration address and postal code. Answer several additional questions. Enter your date of birth and nationality and select a preferred language.
Enter information about your bank and your bank account. Click “Next”.
Answer the questions regarding your employment and financial background. Click “Next”.
Answer the questions regarding your trading experience. Click “Next”.
Answer the questions regarding your investment experience. Click “Next”.
Read the agreement and accept all the terms and conditions by ticking them. Choose a secret question for password recovery. Click “Confirm” and follow the on-screen instructions to sign in to your user account.
Go to “Documents” > “My documents”. Upload scans/photos of the necessary documents and wait until verification is complete.
Go to “My accounts” > “Create new account” and follow the on-screen instructions to open a real Taurex account.
Go to “Transfers”. Add a deposit method and make a deposit. Once the funds are in your account, you can download a trading platform and start trading.
Sections and features of the Taurex user account:
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Dashboard. This is the main section where a trader can see aggregate information on his active accounts and trades.
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My accounts. Here, a client can open and close real accounts.
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Transfers. Here, a trader can deposit funds into an active account or file a withdrawal request.
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Documents. This section contains the broker’s documents and is used for verification.
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Profile. In this section, a trader can edit personal details and adjust security settings.
Regulation and safety
Taurex has a safety score of 8.7/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Regulated in the UK
- No negative balance protection
- Track record of less than 8 years
Taurex Regulators and Investor Protection
| Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
|---|---|---|---|---|
 FCA UK |
Financial Conduct Authority | United Kingdom | Up to £85,000 | Tier-1 |
 DFSA |
Dubai Financial Services Authority | Dubai | No specific fund | Tier-2 |
 FSA (Seychelles) |
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
 SVG FSA |
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
Taurex Security Factors
| Foundation date | - |
| Negative balance protection | No |
| Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker Taurex have been analyzed and rated as Low with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of Taurex with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, Taurex’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
Taurex Standard spreads
| Taurex | Pepperstone | OANDA | |
| EUR/USD min, pips | 0,9 | 0,5 | 0,1 |
| EUR/USD max, pips | 1,5 | 1,5 | 0,5 |
| GPB/USD min, pips | 1,0 | 0,4 | 0,1 |
| GPB/USD max, pips | 1,6 | 1,4 | 0,5 |
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
Taurex RAW/ECN spreads
| Taurex | Pepperstone | OANDA | |
| Commission ($ per lot) | 2,0 | 3 | 3,5 |
| EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
| GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with Taurex. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
Taurex Non-Trading Fees
| Taurex | Pepperstone | OANDA | |
| Deposit fee, % | 0 | 0 | 0 |
| Withdrawal fee, % | 0 | 0 | 0 |
| Withdrawal fee, USD | 0 | 0 | 0-15 |
| Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
The Standard Zero account is presented as all-embracing. It has regular spreads and no commissions and therefore it is suitable for traders with moderate activity. The Raw account has raw spreads from 0.0 pips and a fairly high fee of $4 per lot. This account type is optimal for significant trading activity. On the Pro Zero account, spreads begin from 1.2 pips and there are no commissions. This option is the most favorable for those who often trade in large volumes. The minimum deposit requirements are $500 on Pro Zero and Raw accounts and $100 on Standard Zero. In order to choose the most suitable account, a trader needs to clearly understand how exactly he is planning to trade. However, it is always possible to open additional accounts.
Account types
Leverage is up to 1:2000 for all account types. If you have never cooperated with this broker before, it is best to open a demo account first. This will let you explore the features and experiment with trading strategies without risking your capital. Then, based on your trading preferences, available funds and ambitions, you can select a live account and start making real trades.
Deposit and withdrawal
Taurex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
Taurex provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank wire transfers available
- No withdrawal fee
- Minimum deposit below industry average
- No deposit fee
- PayPal not supported
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are Taurex deposit and withdrawal options?
Taurex provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
Taurex Deposit and Withdrawal Methods vs Competitors
| Taurex | Plus500 | Pepperstone | |
| Bank Wire | Yes | Yes | Yes |
| Bank card | Yes | Yes | Yes |
| PayPal | No | Yes | Yes |
| Wise | No | No | No |
| BTC | Yes | No | No |
What are Taurex base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. Taurex supports the following base account currencies:
What are Taurex's minimum deposit and withdrawal amounts?
The minimum deposit on Taurex is $100, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact Taurex’s support team.
Markets and tradable assets
Taurex provides a standard range of trading assets in line with the market average. The platform includes 1500 assets in total and 80 Forex currency pairs.
- 1500 assets for trading
- Copy trading platform
- Indices trading
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by Taurex with its competitors, making it easier for you to find the perfect fit.
| Taurex | Plus500 | Pepperstone | |
| Currency pairs | 80 | 60 | 90 |
| Total tradable assets | 1500 | 2800 | 1200 |
| Stocks | Yes | Yes | Yes |
| Commodity futures | Yes | Yes | Yes |
| Crypto | Yes | Yes | Yes |
| Stock indices | Yes | Yes | Yes |
| Options | No | Yes | No |
Investment options
We also explored the trading assets and products Taurex offers for beginner traders and investors who prefer not to engage in active trading.
| Taurex | Plus500 | Pepperstone | |
| Bonds | No | No | No |
| ETFs | No | Yes | Yes |
| Copy trading | Yes | No | Yes |
| PAMM investing | No | No | Yes |
| Managed accounts | No | No | No |
Customer support
Is it possible to deposit funds from a card issued by a U.S. bank? What is the current spread for USD/GBP? Can trades be kept open overnight? Some questions may be caused by a trader’s inattentiveness or a lack of information provided by the broker. Also, unusual trading situations happen. Taurex perfectly understands this and therefore provides a technical support service that responds by phone, email or in live chat 24 hours a day, 5 days a week.
Advantages
- There are three communication channels
- On weekdays, operators work around the clock
- Users get prompt and competent answers
Disadvantages
- Support is not available during weekends
It doesn’t matter if you are the broker’s client or not. Any trader can approach the support service and get competent help.
The following communication channels are presently available:
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email;
-
phone;
-
live chat on the website.
The fastest way to ask a question is by phone or in live chat. Responses by email arrive within 24 hours.
Contacts
| Registration address |
Registered office address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. Physical office address: Unit G, F28 Eden Plaza, Eden Island, Republic of Seychelles. |
|---|---|
| Regulation |
FSA, FCA
Licence number: SD092, 816055 |
| Official site | https://www.tradetaurex.com/ |
| Contacts |
+2484632026
|
Education
Most brokers only offer a FAQs section and a trader’s glossary, but some have full-fledged educational courses. In this regard, Taurex holds an average position — it doesn’t have long courses, but features articles and videos for those who are just starting their trading journey. Users with average experience and professionals can find a lot of interesting things in expert podcasts.
Most information is for beginners. Educational videos address money management, among other issues. Podcasts are for a wider audience. Some of them are primarily intended for experienced market participants.
Comparison of Taurex with other Brokers
| Taurex | Eightcap | XM Group | RoboForex | Bybit | InstaForex | |
| Trading platform |
MT4, MT5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | MetaTrader5 | MT4, MultiTerminal, MobileTrading, MT5, WebTrader |
| Min deposit | $100 | $100 | $5 | $10 | No | $1 |
| Leverage |
From 1:1 to 1:1000 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| Trust management | No | No | No | No | No | Yes |
| Accrual of % on the balance | No | No | No | 10.00% | No | No |
| Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 0 points | From 0 points |
| Level of margin call / stop out |
100% / 30% | 80% / 50% | 100% / 50% | 60% / 40% | No / 50% | 30% / 10% |
| Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Instant Execution |
| No deposit bonus | No | No | No | No | No | No |
| Cent accounts | No | No | No | Yes | No | Yes |
Detailed review of Taurex
Taurex’s owner, Taurex Ltd, uses mircoservices and virtual private servers. It works with top-tier liquidity providers and applies STP. Secure sockets layer (SSL) protocols and authentication tokens ensure safety. Thanks to these solutions, user funds and personal details are secure. In addition, Taurex is responsive to clients’ requests. For example, the asset pool is constantly expanding and new currency pairs, indices, and other financial instruments are added. All this ensures highly comfortable cooperation with the broker.
Taurex by the numbers
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$100 minimum deposit;
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1:2000 maximum leverage;
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1500+ financial instruments;
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3 real accounts + 1 demo account;
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$0 withdrawal fee.
Taurex is a modern broker with flexible trading conditions
Trading risks can be reduced through a diversified portfolio, which isn’t difficult to create given the variety of trading instruments, which include several hundred CFDs on currency pairs, shares, indices, precious metals, commodities, and cryptocurrencies. The large asset pool enables traders to apply various strategic solutions. Such an approach is encouraged by the broker that allows scalping, hedging, keeping positions open overnight, and using advisors. Traders can use up to 1:2000 leverage. Therefore, the broker is entirely aimed at active trading. The IB program can bring certain benefits to private individuals, but it won’t become a primary source of income.
Taurex’s analytical services:
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Trading Central offers tools for technical and fundamental analyses, including AI-based smart indicators.
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Market analysis. The broker’s experts analyze current market situations and provide traders with the results in the form of newsletters.
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Podcasts. Experienced traders who have been cooperating with Taurex for a long time regularly record educational and analytical podcasts that are promptly published on the broker’s website.
Advantages:
Having a low entry threshold and flexible conditions, the broker is suitable for most traders.
Clients trade at their own pace and the company does not limit them in any way.
Various asset types and high leverage ensure a large profit potential.
Educational and analytical content is useful not only for beginners, but also for professionals.
Technical support can be reached through several communication channels and is available around the clock on weekdays.
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