Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
Taurex Pros & Cons
- The maximum leverage is 1:2000;
- Trading Central has several unique analytical tools;
- The broker offers partnership programs;
- 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 Verdict
Taurex demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
Taurex User Reviews
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5-star
14%
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4-star
43%
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3-star
31%
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2-star
9%
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1-star
3%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria9 /10The trading and non-trading commissions of Taurex have been analyzed and rated as having Low fees, with a fees score of 9/10. Additionally, these commissions were compared with those of the top two competitors, ZForex 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
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Is Taurex Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10Taurex has a safety score of 9/10, 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
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.7.2 /10Taurex offers the following account options: Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Tight spread ECN account
- Standard account with balanced trading conditions
- Low minimum deposit
- No Demo account
- No Swap Free account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7 /10Taurex received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria8.3 /10Taurex 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.
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Trading Account Opening
We successfully registered an account with Taurex in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at Taurex is $100.Score:We evaluated Trading Account Opening at Taurex by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at Taurex by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria5.1 /10
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FAQs
How is Taurex regulated and what investor protection schemes apply?
Taurex is regulated by several authorities, including the FCA in the UK (Tier-1), DFSA in Dubai (Tier-2), the FSA in Seychelles (Tier-3), the SVG FSA in St. Vincent and the Grenadines (Tier-3), and the SPK in Turkey (Tier-2). Under FCA regulation, eligible clients may have access to an investor protection fund of up to £85,000, while SPK-regulated accounts may be covered up to TL 160,000, but other listed regulators do not specify compensation funds in this review. The broker has a safety score of 9/10 and applies KYC verification, but it does not offer negative balance protection and its track record is under 8 years, which is noted as a potential drawback.
What trading account types does Taurex offer and how do their conditions differ?
Taurex offers Standard Zero, Pro Zero, Raw, and demo accounts, each with different spreads, commissions, and minimum deposits. Standard Zero has a $100 minimum deposit, spreads from 1.6 pips, and no commission, while Pro Zero and Raw require $500, with Pro Zero offering spreads from 1.2 pips without commission and Raw providing spreads from 0.0 pips with a $4 per lot commission. All account types have leverage up to 1:2000, and the broker does not provide Cent, Micro, Swap Free, VIP, or managed accounts according to this section.
What do Taurex user reviews and feedback indicate about client satisfaction?
Taurex has a user satisfaction score of 7.1/10 based on 33 reviews, with 12% 5-star, 45% 4-star, 30% 3-star, 9% 2-star, and 3% 1-star ratings. According to user reviews, the overall impression is mixed, with a significant share of positive ratings but also a notable portion of neutral and lower scores. The specific reasons for these ratings are not detailed in this section.
What deposit and withdrawal methods and limits are available at Taurex?
Taurex supports deposits and withdrawals via bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with a minimum deposit of $100 and a minimum withdrawal of $50. The broker offers a limited set of base account currencies (USD, EUR, GBP) and is described as having a basic but sufficient range of funding options with moderate fees. Wise and PayPal are not supported, and the review notes that limited flexibility may lead to higher costs for some users.
How does the Taurex account opening process work and how long does it take?
Opening an account with Taurex is fully online, with registration taking about 20 minutes and KYC verification typically completed within 2 business days, according to this review. The process involves filling in personal, banking, employment, and experience details, accepting the terms, uploading verification documents, creating a trading account, and then funding it with at least $100. The section notes that while the onboarding is described as accessible, account approval and registration time may vary depending on the documentation and individual circumstances.
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