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Taurex group includes 3 related companies.
Taurex UK - located in the United Kingdom, regulated by the Financial Conduct Authority (FCA).
Taurex UAE - located in the United Arab Emirates, regulated by the Dubai Financial Services Authority (DFSA).
Taurex SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (SFSA).
Taurex is also registered in Sierra Leone and licensed there by the Central Bank of Sierra Leone.
Be aware, UK company has some trading restrictions because of the European Securities and Markets Authority (ESMA) influence.
Taurex group accepts clients from all over the world, excluding USA, Canada, Belgium, Japan, North Korea, Iran and some other countries where restrictions apply.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 14 Crypto Pairs | Based on Bitcoin, Bitcoin Cash, ChainLink, Cardano, Uniswap, PolkaDot, BNB, Dogecoin, Ripple, Stellar, EOS, Tezos, Litecoin, Elemental Dungeon Price. |
| 11 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 5 Metal CFDs | Based on Gold, Silver, Platinum, Palladium, Copper. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Gasoil. |
| 6 Soft CFDs | Based on Coffee, CoffeeR, Sugar, SugarW, Cocoa, Cotton. |
| 400+ Stock CFDs | Based on shares of the most well-known US companies. |
Taurex is a forex broker that has been operating since 2017. The broker today has a strong presence in Africa, with registered offices in Sierra Leone and the Seychelles, as well as fully regulated branches in the UK and the UAE.
As all brokers, Taurex must follow local regulations in the jurisdictions it is regulated. This means that several restrictions, including a maximum trading leverage of just 1:30, are in place for UK and EU-based users trading under the UK branch.
All forex brokers registered in the UK are strictly regulated by the Financial Conduct Authority (FCA), which has rules that are closely aligned with the European Securities and Markets Authority (ESMA).
For non-EU users, however, trading conditions are much more flexible with this broker. For example, trading leverage can go as high as 1:1,000 on the most liquid instruments for these users, well above the 1:500 leverage that is seen as the industry standard for offshore brokers.
One area where Taurex stands out as quite competitive is in terms of its selection of trading instruments. The broker supports trading in more than 50 forex pairs, 14 cryptocurrency pairs, many major stock indices, popular commodities, and hundreds of single stocks listed in the US.
This is an impressive selection that is comparable to the one offered by even the largest global forex brokers.
All of the assets offered by Taurex are traded on either MetaTrader 4 (MT4) or its successor MetaTrader 5 (MT5), which are the only two trading platforms this broker supports. As usual, the MetaTrader platforms are available in desktop versions for Windows and Mac computers, in a web version, and in mobile versions for Apple and Android devices.
As most forex brokers, Taurex offers its clients the choice between different types of trading accounts:
– Standard Zero account: an STP-style account with no commissions but wider spreads and a minimum deposit of $100
– Pro Zero account: an STP-style account with no commissions, lower spreads and a minimum deposit of $500
– Raw account: an ECN-style account with commissions up to $2 per side, the lowest spreads and a minimum deposit of $500.
All trading accounts offer the same max leverage of 1:1,000, and access to the broker’s full range of trading instruments.
Accounts can be funded via four commonly used payment methods: Bank transfer, credit & debit cards, Skrill or Neteller. All deposits are accepted free of charge by the broker.
Unfortunately, crypto deposits are not accepted by Taurex despite the broker having an offshore presence that usually means it is able to deal with crypto payments.
For any customer support needs, Taurex can be contacted via the messaging app WhatsApp, email, or through a UK phone number. The broker promises that its support team is available for assistance 24 hours a day, Monday to Friday.
All in all, we can safely say that Taurex is a forex broker to keep an eye on, especially for traders who want access to a large range of tradable assets on the familiar MetaTrader platforms. One thing the broker could do to improve further is in our view to add crypto as a payment option, although this is likely not a make-or-break criterion for the majority of traders out there at the moment.
