About taurex
Company Background
Taurex is a brokerage brand operated by Taurex Global Limited, a company incorporated in Seychelles on 9 July 2019. The firm’s registered address is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles. Despite its recent founding, Taurex has grown to offer a comprehensive trading environment with a strong emphasis on high leverage and a wide range of instruments.
Regulation and Licensing
Taurex holds two regulatory licenses: one from the UK Financial Conduct Authority (FCA) under license number 816055, which is a Market Making license, and another from the Seychelles Financial Services Authority (FSA) under license number SD092, which is a Derivatives Trading license. The FCA license provides a level of regulatory oversight in the UK, while the FSA license is considered offshore regulation. Traders should be aware that the FSA license may offer different levels of investor protection compared to tier-1 regulators.
Account Types and Features
Taurex offers three account types tailored to different trading styles. The Raw account is designed for high-volume traders with a minimum deposit of $500, offering spreads from 0.0 pips and a commission of up to $2.00 per side. The Pro Zero account also requires $500, with spreads from 1.0 pip and no commission. The Standard Zero account is the most accessible, with a $10 minimum deposit, spreads from 1.4 pips, and no commission. All accounts provide leverage up to 1:2000 and access to over 1500 instruments across Forex, Metals, Shares, Commodities, Indices, and Cryptocurrencies.
Deposits and Withdrawals
Funding and withdrawals are handled through common payment methods including Visa, Mastercard, Neteller, and Skrill. The broker does not specify processing times or fees, but the availability of multiple e-wallet and card options provides flexibility for international clients.
Target Audience
Given its high leverage options and low spreads on the Raw account, Taurex appears to target both retail and professional traders who are comfortable with offshore regulation. The low minimum deposit on the Standard Zero account also attracts beginners, while the competitive fee structure appeals to scalpers and day traders.
Trading Environment
Taurex emphasizes a broad selection of trading instruments and a range of account types to suit different needs. The broker does not disclose details about trading platforms or execution technology in the available data, but the product offering suggests a focus on CFDs and forex trading.
Overview compiled by FXCanary from regulatory records and public data. full taurex review