1. User Opinions
User feedback for Taurex Broker remains somewhat limited. On platforms like Trustpilot, there are several positive comments highlighting “fast execution and easy withdrawals.”
However, some traders have also reported issues such as delayed withdrawals and wider spreads during volatile market conditions.
Overall, while the early feedback appears promising, the total number of reviews is still too small to form a long-term conclusion about Taurex Broker’s reliability.
2. Cost Structure and Spreads
The trading costs offered by Taurex Broker are generally competitive, especially when considering spreads and commissions.
- Major currency pairs often come with ultra-low spreads.
- The Raw Account offers the tightest spreads but includes a per-trade commission.
- The Standard Zero and Pro Zero Accounts are commission-free but may come with slightly wider spreads.
However, some independent reviews noted that while Taurex’s spreads on key instruments are attractive, swap fees (overnight financing) tend to be higher compared to the industry average.
This balance between tight spreads and higher overnight costs makes Taurex’s pricing model more suitable for intraday traders than long-term holders.
3. Leverage – The Main Attraction
One of the most notable aspects of Taurex Broker is its leverage options, which vary depending on the entity’s regulation.
- UK Entity (Zenfinex Limited – FCA regulated): Retail clients in the UK are capped at a leverage of 1:30.
- UAE Entity (Taurex Financial Services L.L.C – regulated by SCA): Clients can access leverage up to 1:100.
- Offshore Entity (Zenfinex Global Limited – Seychelles FSA): Traders may access leverage as high as 1:2000.
While high leverage offers the potential for greater profits, it also significantly increases the risk of losses. At maximum leverage of 1:2000, even small market movements can have a major impact on an account’s balance—positively or negatively.
Traders should therefore use leverage responsibly and ensure strong risk management practices are in place.
4. Regulation and Client Protection
Regulation is a critical factor when choosing any broker, and Taurex Broker operates under multiple regulated entities to provide transparency and client protection.
- UK Entity (FCA): Offers client protection under the Financial Services Compensation Scheme (FSCS) for UK retail clients.
- UAE Entity (SCA): Operates under a structured regulatory framework to ensure fair trading conditions.
- Seychelles Entity (FSA): Provides access to higher leverage but offers lower levels of client protection compared to onshore entities.
Third-party review platforms such as Cashback Forex rate Taurex highly in terms of regulation and cost structure, though they also note the company’s relatively short track record and limited access to audited financial statements.
5. Summary: Pros and Cons
Pros
- Highly flexible leverage options (up to 1:2000 for offshore accounts).
- Multiple account types (Standard Zero, Pro Zero, Raw) to suit different trading styles.
- Regulated entities across several regions, including the UK and UAE.
- Competitive spreads and fast trade execution.
Cons
- High leverage = high risk; requires strong risk management.
- Swap fees and certain trading costs can be higher than competitors.
- Limited user reviews make long-term reliability harder to assess.
- Offshore entities provide less client protection compared to UK or UAE entities.
Conclusion
If you are considering opening a trading account with Taurex Broker, leverage will likely be a key deciding factor. The availability of leverage up to 1:2000 is highly appealing, but it also comes with substantial risk.
From a cost and spread perspective, Taurex Broker demonstrates good potential with multiple account types designed for flexibility. However, as with all leveraged CFD trading, profits are never guaranteed, and losses can exceed deposits.
Traders should always test their strategies on a demo account first and choose a regulated entity that matches their risk profile and location.