Taurex broker review breaks down licensing, leverage, client protection and real trader feedback so you can judge its Silver rating, compare it with other forex brokers, and learn why choosing the right regulatory entity and leverage level matters for your trading risk and long-term results.
Taurex is a multi-asset forex and CFD broker that sits in an unusual place on the spectrum: it combines a strong U.K. footprint with high-leverage offshore operations and a fast-growing global brand. The trading name links back to a group of companies built around Zenfinex Global Limited in Seychelles and Taurex Limited in London, which together serve retail traders, institutional clients and a broker-backed prop firm.
Using our four-pillar methodology—regulation (35%), execution quality (30%), client feedback (25%) and staff insight (10%)—Taurex earns a Silver Standard rating with a composite score of 72/100. That places it above lightly regulated offshore brokers, but short of the consistency we expect from Gold-band firms.
This review explains why. We start with regulation and safety, then move through reputation, trading conditions, and our final verdict. The aim is simple: give a beginner or casual investor enough clarity to decide whether Taurex’s mix of protections, pricing and risk is a good fit.
Regulation & Safety
For everyday traders, the most important question is not spreads or bonuses. It is who actually regulates the company that holds your money. With Taurex, the answer depends on which legal entity you sign with.
Corporate structure and regulators
Taurex is the trading name for a group of firms, notably:
- Taurex Limited (UK)
- Registered in England and Wales, company number 11077380.
- Authorised and regulated by the Financial Conduct Authority (FCA), firm reference number 816055.
- Zenfinex Global Limited (Seychelles)
- Licensed as a Securities Dealer by the Financial Services Authority (FSA) Seychelles, license SD092.
- “Taurex” is one of its registered trading names.
- Taurex Financial Services L.L.C (UAE)
- Regulated by the Securities and Commodities Authority (SCA) in the UAE, license 20200000224, operating under a Category 5 license.
- Stochastic Africa (SL) Limited (Sierra Leone)
- Authorised as a foreign exchange dealer by the Bank of Sierra Leone, providing regional access in West Africa.
In our framework, these regulators fall into different tiers:
- Tier 1: FCA (UK) – a leading on-shore regulator with strict leverage caps, mandatory negative balance protection for retail clients, and an investor compensation scheme.
- Tier 2: SCA (UAE) and Bank of Sierra Leone – genuine on-shore authorities with licensing and prudential rules, but with less transparent public reporting and no FSCS-style compensation scheme.
- Tier 3: FSA Seychelles – a recognised offshore securities regulator, yet widely treated as lighter-touch, with higher allowed leverage and no statutory investor compensation.
This mix matters because many international clients who open through tradetaurex.com are ultimately onboarded under the Seychelles entity, where leverage up to 1:1000 (and in some sources up to 1:2000) is available. By contrast, UK and EU traders under the FCA branch face a 1:30 cap and stronger statutory protections.
Client money, leverage and protections
On safety of funds, Taurex states that client money is fully segregated from company funds, in line with regulatory requirements. Segregation does not remove market risk, but it helps protect balances if the firm itself fails. FCA-regulated clients also benefit from the UK’s Financial Services Compensation Scheme (FSCS), which can cover up to £85,000 per eligible client if the firm goes insolvent.
The position on negative balance protection (NBP) is more nuanced:
- FCA retail and spread-betting accounts are explicitly covered by negative balance protection, as required under UK and European rules.
- Taurex marketing materials for CFDs talk about NBP, but a UAE referral document for clients routed to the Seychelles entity states that accounts may go negative and clients can lose more than their deposit.
This suggests that protection depends on which entity and product you use. In plain language: U.K. clients are tightly protected; offshore clients should not assume the same backstop.
Leverage illustrates the trade-off:
- FCA clients: up to 1:30 on major FX pairs and lower on riskier assets.
- UAE clients: commonly up to 1:100 under SCA rules.
- Seychelles clients: up to 1:1000 on major FX, with margin call at 100% and stop-out at 30%. Some third-party research refers to limits as high as 1:2000.
Higher leverage can be attractive, especially for small accounts, but it magnifies both gains and losses. It is one reason we treat FSA Seychelles as Tier 3 in our methodology, even though it does license and supervise securities dealers.
Clones, scams and verification
Taurex’s regulatory story is complicated further by clone websites.
- The FCA has issued a warning about “taurexweb.com”, a fraudulent clone using Taurex Limited’s details.
- New Zealand’s FMA lists “Taurex Limited (Imposter)” linked to tradetaurexltd.com, again unrelated to the genuine broker.
- Taurex itself has published a notice confirming that tradetaurex.com is its only official retail domain and warning against unauthorised sites.
For readers, the takeaway is simple: always cross-check the URL and licence numbers against the FCA, FSA Seychelles or SCA registers before sending money.
Regulation verdict: Taurex benefits from a Tier-1 FCA licence and additional Tier-2 licenses, but relies heavily on a Tier-3 Seychelles entity for high-leverage global clients. That combination supports our above-average regulation score, but it also means retail traders need to pay close attention to which entity they actually join.
Trader Reputation & Market Presence
Taurex began life as Zenfinex in 2017 and rebranded to Taurex around 2023. It now operates from London, Seychelles, Dubai and Sierra Leone, and is building out both institutional services via Taurex Prime and a broker-backed prop firm, Atmos Funded.
The broker has grown its visibility through expos and partnerships. It features in independent reviews by FXEmpire, DailyForex and other research sites, which generally highlight its low spreads on indices and crypto, broad instrument list and multi-platform access. Taurex has also appeared at events such as Forex Expo Dubai and regional roadshows, often promoting its prop-trading and education offerings.
What clients say
Client sentiment is mixed but tilts positive, and it varies sharply by review platform:
- Trustpilot: Taurex scores around 4.6 out of 5, with more than 160 reviews and over 80% rated five stars. Traders often praise:
- responsive, friendly customer support
- quick deposits and withdrawals
- a supportive community and live coaching sessions
- stable MT4/MT5 performance.
- Aggregator sites:
- BrokersView/FastBull shows an overall score around 7.3/10, with cost, platforms and customer support all rated slightly above average.
- TradersUnion assigns Taurex 6.41/10 and labels it a “moderate-risk broker,” advising traders to weigh pros and cons carefully.
- ForexPeaceArmy (FPA): here the picture is far darker. Taurex has a 1/5 score from a small number of reviewers. Several detailed complaints allege:
- removal of profitable trades after execution
- rejection or delay of withdrawals
- retroactive “quote error” adjustments that reversed confirmed profits
- one case where around $29,800 was allegedly removed from a live account, with a complaint reportedly filed to the FSA Seychelles.
Outside review sites, social-media posts and independent blogs echo similar themes. Some accuse Taurex of “fake profits” or scams, while others appear to target clone sites that misuse the brand.
How the broker responds
Taurex has publicly denied allegations of fraud and withdrawal problems, stating that many online posts mix up the regulated broker with unauthorised websites. The company emphasises its licences and urges clients to verify domains and channels.
That response is welcome, yet it does not remove the fact that some verified clients report serious disputes about profit adjustments and withdrawals routed through the Seychelles entity. At the same time, the volume of positive reviews—particularly from long-term users on Myfxbook and Trustpilot—suggests the broker is not a simple “hit-and-run” scheme.
Reputation verdict: Taurex enjoys a strong marketing presence, high satisfaction scores on mainstream review sites, and an active trading community. However, a non-trivial cluster of complaints about profit cancellations and withdrawals keeps its client-feedback score in the middle of the pack rather than the top tier.
Strengths & Weaknesses
Key strengths
- Multi-tier regulation and real on-shore footprint
- FCA (UK) Tier-1 licence, plus SCA (UAE) and Bank of Sierra Leone authorisation.
- Offshore FSA Seychelles licence, but within a recognised securities framework.
- Broad range of markets
- Over 1,500 instruments, including:
- major and minor FX pairs
- global stock indices
- metals and commodities
- single-stock CFDs, ETFs and cryptocurrencies.
- Over 1,500 instruments, including:
- Competitive pricing and account choice
- Accounts: Standard Zero, Pro Zero, Raw.
- Typical structure:
- Standard Zero – zero commission, wider spreads, minimum deposit around $100.
- Pro Zero – tighter spreads, no commission, higher minimum deposit (about $500).
- Raw – spreads from 0.0 pips, commission roughly $2 per side ($4 round-turn).
- Funding flexibility and platforms
- Support for bank transfer, cards, e-wallets and USDT, with multiple base currencies.
- Trading on MT4, MT5 and Taurex’s own mobile app, with copy-trading and PAMM options in some regions.
- Operational robustness
- Internal policies and third-party testing point to sub-100-millisecond execution speeds, adequate for most discretionary strategies, along with a published best-execution policy.
- Community and education
- Regular webinars, market insights and coaching, often highlighted by users as part of the value they receive.
- Strategic link to prop trading
- Taurex backs Atmos Funded, a prop-trading firm that plugs into its brokerage infrastructure, which some traders see as an extra vote of confidence in the underlying trading stack. Taurex
Key weaknesses
- Complex group structure
- The average retail client may struggle to know whether they are trading under the FCA, SCA or FSA Seychelles entity. Website language is improving but still leaves room for confusion.
- Heavy reliance on high-leverage offshore entity
- Many international accounts are opened under Zenfinex Global Limited (Seychelles), where leverage can reach 1:1000–1:2000 and no FSCS-style safety net is available.
- Inconsistent negative balance messaging
- FCA clients have strong NBP, but documentation for Seychelles-booked clients explicitly states that balances can go negative, contradicting some marketing language about protection.
- Serious complaints, even if not widespread
- Allegations of profit removal, disputed “quote errors” and withdrawal issues, particularly in FPA reviews and complaint aggregators, point to a non-zero risk of conflict in edge cases.
- Limited public execution statistics
- Taurex publishes policies, but not granular, independently audited data on slippage and fill rates, so traders must rely largely on experience and third-party tests.
- Exposure to clone-site risk
- The presence of multiple imposters means new clients must take extra care when following links from social media or chat groups.
Overall Verdict
Taking all dimensions together, Taurex falls into our Silver Standard (60–79) band, with a composite score of 72/100 under our methodology. That reflects a broker which is better-regulated and more established than typical offshore outfits, but which still carries notable caveats around its high-leverage entity and pockets of client disputes.
For risk-aware beginners in the U.K. or EU, Taurex’s FCA-regulated accounts offer the strongest protection:
- leverage capped at 1:30
- statutory negative balance protection
- access to FSCS compensation if the firm fails.
For intermediate traders outside those regions who value low spreads, a broad product set and active community, the Seychelles-booked accounts may look attractive. However, the combination of very high leverage, lighter-touch regulation and mixed complaint history means they are best suited to traders who understand margin risk and who are comfortable managing position size conservatively.
Against peers, Taurex stands above many Bronze-band brokers that rely solely on offshore licences, yet it still trails Gold-band competitors that pair Tier-1 regulation with cleaner complaint records and fuller execution transparency. For many retail traders, Taurex can be a workable choice—provided they choose the right entity, keep leverage low, and treat social-media hype with caution.
Expert Review Notes (Staff Insight)
These observations reflect our research team’s qualitative assessment and account for 10% of the overall score, without overriding the hard regulatory and data-driven metrics.
- Communication and transparency
- Taurex’s public responses to fraud allegations and clone-site warnings are a positive sign. The firm addresses the issue directly and provides verification steps, which is better than silence but still reactive rather than proactive.
- Commercial positioning
- The combination of retail brokerage, institutional liquidity (Taurex Prime) and a broker-backed prop firm (Atmos) is unusual. It can align interests if managed well, but it also creates potential conflicts if risk between businesses is not carefully ring-fenced.
- Client selection and education
- Educational content and community activity are strong for a mid-sized broker. Yet marketing that leans on very high leverage and aggressive promotions risks attracting under-prepared traders to complex products.
- Operational feel
- Across independent tests and user feedback, platform stability and basic execution appear solid rather than exceptional. For most swing and intraday traders, this is likely sufficient; very latency-sensitive scalpers may prefer brokers that publish more detailed execution metrics.
Overall, our staff view Taurex as a serious, growing broker with genuine licences and infrastructure, but one that still needs to tighten alignment between marketing promises, offshore risk, and client-protection practices to move into the top tier.
