Taurex

Disclaimer:The information provided on this site should not be distributed or used by any individual in any country or jurisdiction where such distribution would violate local laws or regulations.

	Official Website
Popularity
Leverage	Up to 1:500
Minimum Deposit	$100
Regulation	ASIC, CySEC, FCA
Payment Methods	Bank Transfer, Credit/Debit Card, PayPal, Skrill, Neteller
Trading Assets	Forex, Commodities, Indices, Cryptocurrencies, Stocks
MT4	✅
MT5	✅
Spreads	Low
Average cost: EUR/USD	1.2 pips
Demo Account	✅
Islamic Account	✅
MAM	❌
PAMM	❌
CopyTrading	✅
ZuluTrade	❌
Scalping	Yes
Signals	✅
EAs/Robots	Available
Negative Balance Protection	Yes
Deposit Fee	❌
Withdrawal Fee	❌
Inactivity Fee	$10 after 12 months of inactivity
Year Established	2010
Address	123 Taurex Street, Finance City, TF3 4RT
Contact Information	Email: [email protected], Phone: +123 456 7890
Mobile Trading APP	Not Available
Rating	★★★★☆ 4.6
Website	Official Website

Top Brokers

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Pros and Cons

Introduction

In the dynamic world of online trading, selecting the right broker can be a pivotal decision for both novice and experienced traders.

Taurex emerges as a significant contender in this competitive arena, offering a comprehensive suite of trading services and tools.

This review aims to delve deep into their offerings, shedding light on its strengths and areas where it may fall short.

With an emphasis on accessibility, security, and user experience, Taurex positions itself as a broker worth considering for those embarking on or continuing their trading journey.

Company Overview

Taurex is a globally recognized brokerage firm that has carved a niche for itself in the vast financial markets.

Established with a vision to democratize trading and investment for all, the broker offers an extensive range of financial instruments across various asset classes.

• Headquarters: Based in a prominent financial district, their head office is the nerve center where strategic decisions are made.
• Regulation: Taurex prides itself on adhering to stringent regulatory standards, ensuring a secure trading environment for its clients.
• Global Reach: With a presence in multiple countries, it serves a diverse clientele, catering to their unique trading needs.

Trading Platforms

Delving deeper into the trading platforms, it’s crucial to understand the distinct features and functionalities that both MetaTrader 4 (MT4) and MetaTrader 5 (MT5) provide to their users.

These platforms are the linchpins of the trading experience on Taurex, each catering to different trader needs and preferences.

Below, we’ll explore these platforms in detail, using comparative tables to highlight their unique aspects and commonalities.

MetaTrader 4 (MT4)

MetaTrader 4 is widely regarded as the gold standard of trading platforms, favored for its reliability, user-friendly interface, and comprehensive analytical tools.

It’s particularly well-suited for Forex traders but also supports other instruments, making it a versatile choice for many.

Key Features of MT4:

• User Experience: Known for its intuitive design, allowing traders to navigate the platform and execute trades with ease.
• Charting Tools: Offers an array of charting options with customizable indicators and graphical objects.
• Expert Advisors (EAs): Supports automated trading through the use of EAs, enabling traders to automate their strategies.
• Communication Tools: Features built-in news and alert systems to keep traders informed of market changes.

MT4 Table Overview:

MetaTrader 5 (MT5)

MetaTrader 5 builds upon the foundation set by MT4, offering enhanced functionalities and extended capabilities, particularly in terms of trading instruments and advanced analytical tools.

MT5 is designed to cater to both central and non-centralized markets, including stocks and commodities.

Key Features of MT5:

• Market Depth: Displays the market depth for better analysis and decision-making.
• More Timeframes and Indicators: Offers 21 timeframes and over 80 built-in technical indicators and analytical tools.
• Economic Calendar: Integrated calendar with news events and forecasts to inform trading strategies.
• Enhanced Strategy Tester: For testing and optimizing algorithmic trading programs with more precision.

MT5 Table Overview:

Comparative Analysis

While MT4 and MT5 cater to different needs, a comparative analysis can help in understanding which platform might be more suited to a trader’s specific requirements.

Comparison Table:

In conclusion, the choice between MT4 and MT5 hinges on the trader’s focus areas and their need for advanced features.

MT4 remains the preferred choice for pure Forex traders due to its simplicity and robustness, while MT5 offers a broader array of tools and multi-asset trading capabilities, suited for traders looking to diversify their trading strategies across different markets.

Account Types

To cater to a diverse clientele, Taurex offers multiple account types, each designed to meet different trading objectives and strategies.

• Standard Account: Ideal for beginners, offering competitive spreads with no commission.
• Pro Account: Targeted at experienced traders, featuring tighter spreads and a commission-based structure.
• VIP Account: Tailored for high-volume traders, providing personalized services and the best trading conditions.

Trading Instruments

The broker’s extensive selection of trading instruments ensures that traders have access to various markets, enabling a diversified trading portfolio.

• Forex: Trade major, minor, and exotic currency pairs with competitive leverage.
• Commodities: Access a range of commodities, including precious metals and energy products.
• Indices: Trade on global indices, reflecting the performance of national and sector-specific stock markets.
• Stocks: Invest in shares of leading global companies, taking advantage of market movements.
• Cryptocurrencies: Explore the dynamic crypto market, trading popular digital currencies.

Fees and Costs

Understanding the fee structure is crucial when choosing a broker.

Taurex maintains transparency in its pricing, offering competitive rates that cater to traders of all levels.

• Spreads: Depending on the account type, the company offers varying spreads starting from as low as 0.1 pips.
• Commission: Pro and VIP accounts may incur a commission fee, which is clearly outlined on their platform.
• Swap Fees: Traders holding positions overnight should consider the swap fees, which vary according to the traded instrument.

Customer Support

Taurex places a high priority on customer satisfaction, offering multiple channels of support to address clients’ needs promptly.

• 24/5 Support: Access to knowledgeable support staff during market hours.
• Multilingual Assistance: Catering to a global clientele, the company provides support in several languages.
• Live Chat, Email, and Phone: Multiple contact methods ensure that traders can reach out via their preferred channel.

Educational Resources

For Taurex, empowering traders with knowledge is paramount.

The broker offers an array of educational materials suitable for all levels of experience.

• Webinars and Seminars: Regularly scheduled sessions covering various trading topics.
• E-books and Articles: A library of written materials to enhance trading knowledge.
• Video Tutorials: Visual learning aids focusing on trading platforms, strategies, and market analysis.

Conclusion

Taurex stands out as a broker committed to providing its clients with a secure, transparent, and supportive trading environment.

With a robust platform, diverse account types, and a wide range of trading instruments, it caters to traders of all backgrounds and experience levels.

While it excels in many areas, potential clients should consider their specific trading needs and objectives when evaluating Taurex as their broker of choice.

User Reviews

Featured Broker Video

Frequently Asked Questions

Resources

• Official Website
• YouTube
• Facebook
• LinkedIn
• Twitter
• Instagram

Our experts

This article has been written, edited and reviewed by the following members of our team:

Feng Zhou

Feng Zhou, a seasoned author and financial expert, boasts a diverse portfolio of articles recognized by prestigious publications such as Bloomberg, Global Asia, and BizLeaders. Graduating from the University of Hong Kong marked the inception of Mr. Zhou's journey into the financial sector. Initially delving into financial statement audits for both publicly traded and privately held clients, he honed his skills before furthering his education at Hong Kong Polytechnic University. During his tenure, Feng Zhou contributed significantly to the valuation of privately held businesses, engaged in forensic accounting, and provided litigation-related services. His professional trajectory also includes valuable experience at Nezu Asia Capital Management, a prominent hedge fund giant. Demonstrating entrepreneurial spirit, Feng Zhou founded a financial asset management company and frequently shares his expertise as a guest lecturer at various Chinese MBA programs. His prolific writing extends beyond traditional platforms, with articles featured in a range of industry events and publications, including FoxTrade, The MoneyShow, London Summit, and iFX EXPO. With a keen eye for market trends and a wealth of experience, Feng Zhou continues to be a prominent voice in the financial landscape.

Sandro Pontedra

Sandro Pontedra is the mastermind behind the insightful financial analysis and educational content that FoxTrade readers have come to rely on. With a rich academic background from Università di Bologna and the University of Milan, Sandro has built a career that spans across private wealth management and financial analysis, culminating in his role as Chief Accounting Officer for a prominent firm. An avid trader with over a decade of experience in the markets, Sandro combines his hands-on trading knowledge with a keen analytical mind, offering FoxTrade readers a unique blend of practical advice and in-depth market insights. His work, recognized by major financial publications, reflects his passion for finance and commitment to demystifying complex financial concepts. Sandro is dedicated to empowering readers with the knowledge and tools needed to navigate the financial markets confidently. Whether you're a seasoned investor or new to trading, his articles provide valuable insights into investment strategies, market analysis, and the future of finance and technology.

Stephane Dubois

Stephane Dubois stands at the forefront of financial analysis and industry expertise, driving innovation and insight across global markets. With a diverse academic background in International Relations and World Economy, coupled with practical experience spanning government projects and private sector endeavors across five continents, Stephane brings a wealth of knowledge and perspective to his role. As a senior editor at FoxTrade, Stephane oversees the publication of insightful content, ensuring that readers receive accurate and timely analysis to navigate the complexities of the financial world. His leadership and editorial guidance have been instrumental in shaping the platform into a trusted source of information for investors and traders alike. Beyond his editorial responsibilities, Stephane is revered as a leading analyst in the online broker industry. His insights have been instrumental in shaping strategies and decision-making for executives worldwide. Stephane's expertise isn't confined to the boardroom; he is also an esteemed business school professor, with an MBA from Columbia University and prior experience at Goldman Sachs. Stephane's impact extends beyond the confines of academia and corporate settings. He has spoken and moderated panels at prestigious events globally, earning citations from esteemed publications such as Finance Monthly, The Journal of Finance, and Financial Analysts Journal. His contributions to industry discussions cover a wide array of topics, from forex strategies to stock market catalysts, earning him recognition as a thought leader in the financial world.

Alternatives

Rank	Broker	Review
1	XM
2	XTB
3	FBS
4	RoboForex
5	JustMarkets
6	xChief
7	Exness
8	eToro
9	Markets.com
10	IC Markets

Last update: April 27, 2024