Question 1

Is Taurex regulated and safe for traders?

FXScope Intelligence Lab · Accepted Answer

Yes, Taurex is regulated by multiple authorities. Taurex Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom under firm reference number 816055. Additionally, Zenfinex Global Limited (the issuing company) is regulated by the Financial Services Authority of Seychelles with License number: SD092. As a regulated broker, Taurex commits to high standards of transparency, safeguarding client funds, ensuring fair pricing, and maintaining robust risk management practices.

Question 2

What trading platforms does Taurex offer?

FXScope Intelligence Lab · Accepted Answer

Taurex provides several trading platforms including MetaTrader4 (MT4), MetaTrader5 (MT5), the proprietary Taurex Trading App, FIX API for advanced traders, and PAMM (Percentage Allocation Management Module) accounts. This range of platforms caters to different trader preferences and experience levels, from beginner-friendly mobile apps to professional-grade trading interfaces.

Question 3

What markets and instruments can I trade with Taurex?

FXScope Intelligence Lab · Accepted Answer

Taurex offers trading in multiple asset classes including Forex, Indices, Commodities, Metals, Shares, Cryptocurrencies, and ETFs. This diverse selection allows traders to build diversified portfolios and access different market opportunities. The broker also provides an Earnings Calendar to help traders track important corporate events that may impact their positions.

Question 4

Is Taurex beginner-friendly for new traders?

FXScope Intelligence Lab · Accepted Answer

Taurex offers several features that make it suitable for beginners, including the user-friendly Taurex Trading App, access to the TAUREX ACADEMY with trading guides, webinars, and live streams for education. They also provide an Analyst Desk with consultation services, and a Signal Center with technical views. However, trading financial instruments involves substantial risk and leveraged products can amplify both potential gains and losses, so beginners should ensure they understand the risks before trading.

Question 5

What copy trading services does Taurex provide?

FXScope Intelligence Lab · Accepted Answer

Taurex offers comprehensive copy trading services including 'Copy Trading by Taurex' and Social Trading features. They also provide opportunities for traders to become Signal Providers, allowing experienced traders to monetize their trading strategies. The platform enables users to automatically replicate the trades of successful traders, which can be particularly beneficial for those who are learning or prefer a more passive trading approach.

Question 6

What are Taurex's account types and features?

FXScope Intelligence Lab · Accepted Answer

Taurex offers various account types to suit different trader needs, including Pricing options, Dynamic Margin accounts, and Swap Free Accounts for those following Islamic principles. They also provide Cent Accounts for micro-trading with smaller position sizes. The broker maintains transparent fee structures for deposits and withdrawals, and provides information about market holidays that may affect trading hours and conditions.

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