Taurex Review

  • Multiple regulations (FCA, SCA & FSA)
  • Crypto funding available
  • Tested with live accounts

Not available in United States

Edited by David Johnson
Fact checked by Alexandreas Kourris
Last updated June 2025
Advertising disclosure ⇾

Taurex, operating under the Zenfinex group of companies, provides trading services with a foundation of established regulatory oversight and a choice of own trading software. This 2025 review focuses on their fee structure based on live data and their key regulatory details, giving you a clear understanding of their services.

Live Spreads: Competitive Trading Costs

BrokersForexCommodities
EURUSDGBPJPYAUDNZDAverageXAUUSDXAGUSDAverage
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A core element of your trading expenses is the spread, and this refers to the slight price variation between an asset's immediate buy and sell quotes. Taurex addresses this with different account options, including Standard Zero, Pro Zero, and RAW. The Zero accounts typically absorb trading costs into the spread itself, meaning a separate commission is not usually added per trade. The RAW account is designed to offer the narrowest possible spreads, with a distinct commission fee applied for each transaction.

The live spread information displayed in the comparison table above suggests that Taurex's pricing maintains a competitive stance when viewed alongside similar account offerings from other reputable brokers shown. It's useful to bear in mind that the overall cost of a trade combines both the visible spread and any commission that may apply, especially for RAW-style accounts. You can use the orange 'Edit' button to adjust the comparison, allowing you to see Taurex's pricing against particular brokers or for instruments of most interest to you.

Taurex Overall rating

4.2
Ranked 56 out of 1782 (Forex Brokers)
Overall rating is derived from an aggregate of ratings in multiple categories.
Rating Weight
User rating3
Popularity
3.4
3
Regulation
5.0
2
Pricing rating
4.5
1
Features
Not rated
1
Customer Support
Not rated
1

On Cashbackforex.com, Taurex is noted for its high score in the regulation category and also achieves a very good rating for its pricing structure, based on the live data available. Information on web traffic suggests they are a broker of moderate scale within the industry. Although the Taurex brand itself is a relatively new introduction (around 2023), it functions through the established Zenfinex entities, offering a trading environment with solid regulatory backing.

Regulation: Authorised by UK's FCA, UAE's SCA & Seychelles' FSA

Company Licenses & Regulations Segregated Client Money Deposit Compensation Scheme Negative Balance Protection Rebates Max. Leverage Retail Clients
Zenfinex Limited up to £85,000 30 : 1
Zenfinex Global Limited 2000 : 1
Taurex Financial Services L.L.C 100 : 1

Taurex offers its services through several distinctly regulated firms: Zenfinex Limited is authorised by the UK's Financial Conduct Authority (FCA), Taurex Financial Services L.L.C is licensed by the UAE's Securities and Commodities Authority (SCA), and Zenfinex Global Limited is authorised by the Seychelles Financial Services Authority (FSA).

This multi-faceted regulatory structure means that client protections and trading conditions, especially leverage, can differ. Clients covered by the FCA (UK) operate under robust British oversight, which includes eligibility for the Financial Services Compensation Scheme (FSCS) providing protection up to £85,000.

Clients with the SCA (UAE) entity adhere to UAE financial regulations, and the FSA (Seychelles) entity, being offshore, permits significantly higher leverage but operates with a less strict regulatory regime and without access to specific compensation schemes like the FSCS. It's always recommended to confirm which specific entity your account is held with.

Available Assets: Offering Soft Commodity CFDs

Unique Symbol Count: 121
Symbol Description Trading platform Contract Size Swap Rate Long Swap Rate Short Swap Type Swap Days
AUDCADAustralian Dollar vs Canadian DollarMT4100000 units per 1 Lot 0.22-0.51Pips5 days (3x Wednesday)
AUDCAD.cAustralian Dollar vs Canadian DollarMT41000 units per 1 Lot 0.22-0.51Pips5 days (3x Wednesday)
AUDCHFAustralian Dollar vs Swiss FrancMT4100000 units per 1 Lot 0.45-0.78Pips5 days (3x Wednesday)
AUDCHF.cAustralian Dollar vs Swiss FrancMT41000 units per 1 Lot 0.45-0.78Pips5 days (3x Wednesday)
AUDJPYAustralian Dollar vs Japanes YenMT4100000 units per 1 Lot 0.77-1.15Pips5 days (3x Wednesday)
AUDJPY.cAustralian Dollar vs Japanes YenMT41000 units per 1 Lot 0.77-1.15Pips5 days (3x Wednesday)
AUDNZDAustralian Dollar vs New Zealand DollarMT4100000 units per 1 Lot 0.07-0.38Pips5 days (3x Wednesday)
AUDNZD.cAustralian Dollar vs New Zealand DollarMT41000 units per 1 Lot 0.07-0.38Pips5 days (3x Wednesday)
AUDSGDAustralian Dollar vs Singapore DollarMT4100000 units per 1 Lot 0.40-0.64Pips5 days (3x Wednesday)
AUDSGD.cAustralian Dollar vs Singapore DollarMT41000 units per 1 Lot 0.40-0.64Pips5 days (3x Wednesday)
AUDUSDAustralian Dollar vs US DollarMT4100000 units per 1 Lot -0.30-0.16Pips5 days (3x Wednesday)
AUDUSD.cAustralian Dollar vs US DollarMT41000 units per 1 Lot -0.30-0.16Pips5 days (3x Wednesday)
BTCMBTBitcoin vs MicrobitcoinMT41000000 units per 1 Lot ----
CADCHFCanadian Dollar vs Swiss FrancMT4100000 units per 1 Lot -0.41-0.61Pips5 days (3x Wednesday)
CADCHF.cCanadian Dollar vs Swiss FrancMT41000 units per 1 Lot 0.30-0.61Pips5 days (3x Wednesday)
CADJPYCanadian Dollar vs Japanese YenMT4100000 units per 1 Lot 0.49-0.82Pips5 days (3x Wednesday)
CADJPY.cCanadian Dollar vs Japanese YenMT41000 units per 1 Lot 0.49-0.82Pips5 days (3x Wednesday)
CHFJPYSwiss Franc vs Japanese YenMT4100000 units per 1 Lot -0.500.12Pips5 days (3x Wednesday)
CHFJPY.cSwiss Franc vs Japanese YenMT41000 units per 1 Lot -0.500.12Pips5 days (3x Wednesday)
Cocoa.cUK Cocoa Bulk Beans CFDMT41 units per 1 Lot 10.40-16.40Annual %5 days (3x Friday)
Coffee.cCoffee Arabica CFDMT410 units per 1 Lot 5.20-11.20Annual %5 days (3x Friday)
CoffeeR.cCoffee Robusta CFDMT41 units per 1 Lot 7.66-13.66Annual %5 days (3x Friday)
Cotton.cCotton CFDMT410 units per 1 Lot -11.875.87Annual %5 days (3x Friday)
EURAUDEuro vs Australian DollarMT4100000 units per 1 Lot -1.300.72Pips5 days (3x Wednesday)
EURAUD.cEuro vs Australian DollarMT41000 units per 1 Lot -1.300.72Pips5 days (3x Wednesday)
EURCADEuro vs Canadian DollarMT4100000 units per 1 Lot -0.490.08Pips5 days (3x Wednesday)
EURCAD.cEuro vs Canadian DollarMT41000 units per 1 Lot -0.490.08Pips5 days (3x Wednesday)
EURCHFEuro vs Swiss FrancMT4100000 units per 1 Lot 0.32-0.83Pips5 days (3x Wednesday)
EURCHF.cEuro vs Swiss FrancMT41000 units per 1 Lot 0.32-0.83Pips5 days (3x Wednesday)
EURCZKEuro vs Czech Republic KorunaMT4100000 units per 1 Lot -12.257.79Points5 days (3x Wednesday)
EURCZK.cEuro vs Czech Republic KorunaMT41000 units per 1 Lot -1.230.78Pips5 days (3x Wednesday)
EURDKKEuro vs Danish KroneMT4100000 units per 1 Lot 4.92-11.36Points5 days (3x Wednesday)
EURDKK.cEuro vs Danish KroneMT41000 units per 1 Lot 0.49-1.14Pips5 days (3x Wednesday)
EURGBPEuro vs British PoundMT4100000 units per 1 Lot -0.720.28Pips5 days (3x Wednesday)
EURGBP.cEuro vs British PoundMT41000 units per 1 Lot -0.720.28Pips5 days (3x Wednesday)
EURJPYEuro vs Japanese YenMT4100000 units per 1 Lot 0.53-0.98Pips5 days (3x Wednesday)
EURJPY.cEuro vs Japanese YenMT41000 units per 1 Lot 0.53-0.98Pips5 days (3x Wednesday)
EURNOKEuro vs Norwegian KroneMT4100000 units per 1 Lot -184.17-19.18Points5 days (3x Wednesday)
EURNOK.cEuro vs Norwegian KroneMT41000 units per 1 Lot -18.42-1.92Pips5 days (3x Wednesday)
EURNZDEuro vs New Zealand DollarMT4100000 units per 1 Lot -1.020.46Pips5 days (3x Wednesday)
EURNZD.cEuro vs New Zealand DollarMT41000 units per 1 Lot -1.020.46Pips5 days (3x Wednesday)
EURPLNEuro vs Danish KroneMT4100000 units per 1 Lot -43.9626.59Points5 days (3x Wednesday)
EURPLN.cEuro vs Danish KroneMT41000 units per 1 Lot -4.402.66Pips5 days (3x Wednesday)
EURSEKEuro vs Swedish KronaMT4100000 units per 1 Lot -96.76-98.16Points5 days (3x Wednesday)
EURSEK.cEuro vs Swedish KronaMT41000 units per 1 Lot -9.68-9.82Pips5 days (3x Wednesday)
EURSGDEuro vs Singapore DollarMT4100000 units per 1 Lot -0.57-0.65Pips5 days (3x Wednesday)
EURSGD.cEuro vs Singapore DollarMT41000 units per 1 Lot -0.57-0.65Pips5 days (3x Wednesday)
EURTRYEuro vs Turkish LiraMT4100000 units per 1 Lot -6356.392121.27Points5 days (3x Wednesday)
EURTRY.cEuro vs Turkish LiraMT41000 units per 1 Lot -635.64212.13Pips5 days (3x Wednesday)
EURUSDEuro vs US DollarMT4100000 units per 1 Lot -1.040.51Pips5 days (3x Wednesday)
EURUSD.cEuro vs US DollarMT41000 units per 1 Lot -1.040.51Pips5 days (3x Wednesday)
Gasoil.cLow Sulphur Gasoil CFDMT41 units per 1 Lot 14.10-20.10Annual %5 days (3x Friday)
GBPAUDBritish Pound vs Australian DollarMT4100000 units per 1 Lot -0.38-0.38Pips5 days (3x Wednesday)
GBPAUD.cBritish Pound vs Australian DollarMT41000 units per 1 Lot -0.38-0.38Pips5 days (3x Wednesday)
GBPCADBritish Pound vs Canadian DollarMT4100000 units per 1 Lot 0.34-1.14Pips5 days (3x Wednesday)
GBPCAD.cBritish Pound vs Canadian DollarMT41000 units per 1 Lot 0.34-1.14Pips5 days (3x Wednesday)
GBPCHFBritish Pound vs Swiss FrancMT4100000 units per 1 Lot 0.79-1.75Pips5 days (3x Wednesday)
GBPCHF.cBritish Pound vs Swiss FrancMT41000 units per 1 Lot 0.79-1.75Pips5 days (3x Wednesday)
GBPJPYBritish Pound vs Japanese YenMT4100000 units per 1 Lot 1.49-2.43Pips5 days (3x Wednesday)
GBPJPY.cBritish Pound vs Japanese YenMT41000 units per 1 Lot 1.49-2.43Pips5 days (3x Wednesday)
GBPNZDBritish Pound vs New Zealand DollarMT4100000 units per 1 Lot 0.03-0.88Pips5 days (3x Wednesday)
GBPNZD.cBritish Pound vs New Zealand DollarMT41000 units per 1 Lot 0.03-0.88Pips5 days (3x Wednesday)
GBPSGDBritish Pound vs Singapore DollarMT4100000 units per 1 Lot -0.36-2.61Pips5 days (3x Wednesday)
GBPSGD.cBritish Pound vs Singapore DollarMT41000 units per 1 Lot -0.36-2.61Pips5 days (3x Wednesday)
GBPUSDBritish Pound vs US DollarMT4100000 units per 1 Lot -0.42-0.13Pips5 days (3x Wednesday)
GBPUSD.cBritish Pound vs US DollarMT41000 units per 1 Lot -0.42-0.13Pips5 days (3x Wednesday)
MBTUSDMicrobitcoin vs US DollarMT41 units per 1 Lot ----
NZDCADNew Zealand Dollar vs Canadian DollarMT4100000 units per 1 Lot 0.05-0.29Pips5 days (3x Wednesday)
NZDCAD.cNew Zealand Dollar vs Canadian DollarMT41000 units per 1 Lot 0.05-0.29Pips5 days (3x Wednesday)
NZDCHFNew Zealand Dollar vs Swiss FrancMT4100000 units per 1 Lot 0.33-0.61Pips5 days (3x Wednesday)
NZDCHF.cNew Zealand Dollar vs Swiss FrancMT41000 units per 1 Lot 0.33-0.61Pips5 days (3x Wednesday)
NZDJPYNew Zealand Dollar vs Japanese YenMT4100000 units per 1 Lot 0.54-0.86Pips5 days (3x Wednesday)
NZDJPY.cNew Zealand Dollar vs Japanese YenMT41000 units per 1 Lot 0.54-0.86Pips5 days (3x Wednesday)
NZDUSDNew Zealand Dollar vs US DollarMT4100000 units per 1 Lot -0.320.05Pips5 days (3x Wednesday)
NZDUSD.cNew Zealand Dollar vs US DollarMT41000 units per 1 Lot -0.320.05Pips5 days (3x Wednesday)
SGDJPYSingapore Dollar vs Japanese YenMT4100000 units per 1 Lot 0.32-0.52Pips5 days (3x Wednesday)
SGDJPY.cSingapore Dollar vs Japanese YenMT41000 units per 1 Lot 0.32-0.52Pips5 days (3x Wednesday)
Sugar.cSugar Raw CFDMT4100 units per 1 Lot -2.71-3.29Annual %5 days (3x Friday)
SugarW.cSugar White CFDMT41 units per 1 Lot 7.43-13.43Annual %5 days (3x Friday)
UKOIL.cBrent OIL CFDMT410 units per 1 Lot -6.72-14.16Annual %5 days (3x Friday)
USDCADUS Dollar vs Canadian DollarMT4100000 units per 1 Lot 0.41-0.95Pips5 days (3x Thursday)
USDCAD.cUS Dollar vs Canadian DollarMT41000 units per 1 Lot 0.41-0.95Pips5 days (3x Thursday)
USDCHFUS Dollar vs Swiss FrancMT4100000 units per 1 Lot 0.75-1.30Pips5 days (3x Wednesday)
USDCHF.cUS Dollar vs Swiss FrancMT41000 units per 1 Lot 0.75-1.30Pips5 days (3x Wednesday)
USDCNHUS Dollar vs Chinese YuanMT4100000 units per 1 Lot 27.73-103.37Points5 days (3x Wednesday)
USDCNH.cUS Dollar vs Chinese YuanMT41000 units per 1 Lot 2.77-10.34Pips5 days (3x Wednesday)
USDCZKUS Dollar vs Czech Republic KorunaMT4100000 units per 1 Lot -150.95-164.70Points5 days (3x Wednesday)
USDCZK.cUS Dollar vs Czech Republic KorunaMT41000 units per 1 Lot -15.09-16.47Pips5 days (3x Wednesday)
USDDKKUS Dollar vs Danish KroneMT4100000 units per 1 Lot 39.78-61.53Points5 days (3x Wednesday)
USDDKK.cUS Dollar vs Danish KroneMT41000 units per 1 Lot 3.98-6.15Pips5 days (3x Wednesday)
USDHKDUS Dollar vs Honk Kong DollarMT4100000 units per 1 Lot 52.91-142.61Points5 days (3x Wednesday)
USDHKD.cUS Dollar vs Honk Kong DollarMT41000 units per 1 Lot 5.29-14.26Pips5 days (3x Wednesday)
USDHUFUS Dollar vs Hungarian ForintMT4100000 units per 1 Lot -62.37-18.81Points5 days (3x Wednesday)
USDHUF.cUS Dollar vs Hungarian ForintMT41000 units per 1 Lot -6.24-1.88Pips5 days (3x Wednesday)
USDJPYUS Dollar vs Japanese YenMT4100000 units per 1 Lot 1.26-1.99Pips5 days (3x Wednesday)
USDJPY.cUS Dollar vs Japanese YenMT41000 units per 1 Lot 1.26-1.99Pips5 days (3x Wednesday)
USDMXNUS Dollar vs Mexican PesoMT4100000 units per 1 Lot -503.31-55.86Points5 days (3x Wednesday)
USDMXN.cUS Dollar vs Mexican PesoMT41000 units per 1 Lot -50.33-5.59Pips5 days (3x Wednesday)
USDNOKUS Dollar vs Norwegian KroneMT4100000 units per 1 Lot -36.60-48.34Points5 days (3x Wednesday)
USDNOK.cUS Dollar vs Norwegian KroneMT41000 units per 1 Lot -3.66-4.83Pips5 days (3x Wednesday)

Clients of Taurex can trade a varied selection of financial markets, covering many popular choices. Their instrument list includes a good variety of foreign exchange currency pairs, comprising majors, minors, and exotics. A distinctive feature of their offering is CFDs on soft commodities, such as coffee and sugar, in addition to other common asset classes.

It is important to understand that when you trade CFDs (Contracts for Difference), you are speculating on price movements rather than purchasing the underlying asset itself. This method enables the use of leverage, but it also means that the associated risk is amplified and requires careful consideration.

Live Swap Rates: Competitive Overnight Holding Costs

Swap Rate: Long Position
Swap Rate: Short Position
Swap Rate Calculation Method
BrokersForexCommodities
EURUSDGBPJPYAUDNZDAverageXAUUSDXAGUSDAverage
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Holding trading positions open past the daily market close typically involves swap rates. These are daily financing adjustments, which can be either a charge deducted from or a credit added to your account balance. The amount is determined by the specific instrument, your trading direction (long or short), and current interest rates. Taurex also provides Islamic accounts structured to be free of these standard swap charges, in line with Sharia finance principles (it's advisable to check for any alternative administrative fees that may apply to these accounts).

The live swap rate data presented in the table above illustrates Taurex's charges or credits for holding positions overnight. When compared against other brokers listed, their swap rates generally seem competitive. As is common practice, a triple swap adjustment is usually made mid-week to account for financing over the weekend. The orange 'Edit' button allows you to compare swap rates for different financial instruments or other brokers.

Trading Platforms: Access to MT4, MT5, and Taurex Platform

Software Type Main Advantages Important Notes
MetaTrader 4 (MT4)
  • Globally adopted, high degree of user familiarity
  • Large community and marketplace for custom tools/EAs
  • Known for its dependable and stable performance
  • Clear and relatively simple user interface
  • Based on older software architecture
  • Fewer integrated features than more modern platforms
  • Primarily tailored for forex and CFD trading
  • MQL4 programming language less advanced
MetaTrader 5 (MT5)
  • Modern interface with more sophisticated tools
  • Enhanced charting packages and analytical functions
  • Better equipped for trading a diverse range of assets
  • Powerful MQL5 language for developing EAs
  • Includes features like Depth of Market views
  • Can appear more intricate to those new to trading
  • Some very old MT4 custom indicators may need recoding
Taurex Proprietary Platform
  • Likely developed specifically for Taurex's services
  • May offer a contemporary, intuitive trading environment
  • Could provide integrated account management tools
  • Scope for customisation may be less than MetaTrader
  • Will not support third-party MT4/MT5 EAs or indicators
  • Reliant on Taurex for ongoing development and new features
  • Being newer, may have a smaller user support community

Taurex furnishes its clients with a good range of trading software choices. Users can opt for the globally widespread MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, both popular for their comprehensive feature sets and strong support for automated trading systems.

In addition to these, Taurex makes available its own proprietary trading platform, which could offer a unique and potentially more integrated user journey. The table above provides a concise comparison of these different options.

Deposits/Withdrawals: Accepting Crypto (BTC & ETH) Deposits

Funding Option Processing Times Charge Stated by Taurex Common Base Currencies
Bank Institution Wire 1-5 Working Days None (check bank charges) USD, EUR, GBP
Credit & Debit Card Usually Instantaneous None USD, EUR, GBP
Neteller E-Wallet Usually Instantaneous None USD, EUR, GBP
Skrill E-Wallet Usually Instantaneous None USD, EUR, GBP
Apple Pay System Usually Instantaneous None USD, EUR, GBP
Google Pay System Usually Instantaneous None USD, EUR, GBP
Digital Currencies (BTC, ETH, USDT, LTC, SOL, ADA) Subject to Network Speed None (network charges apply) Crypto (converted to USD/EUR/GBP)

Adding funds to a Taurex account can be done through several conventional means. These include bank transfers, credit and debit cards, e-wallets such as Neteller and Skrill, mobile payment systems like Apple Pay and Google Pay, and also direct deposits using a variety of digital currencies including Bitcoin and Ethereum.

Taurex generally states that it does not apply its own charges for deposit or withdrawal transactions. Nevertheless, it is always sensible to consider potential third-party fees: intermediary banking institutions may impose charges on wire transfers, and cryptocurrency network transaction fees are an inherent part of such transfers. For the most current information on available methods and any relevant limits, please refer to the official Taurex website.

Leverage: Offshore Entity Offers up to 1:2000

The maximum leverage that can be utilised at Taurex is set by the regulatory body that oversees a client's specific account. For individuals trading under FCA (UK) regulation via Zenfinex Limited, retail leverage is capped at 1:30 for major foreign exchange pairs.

Retail clients whose accounts are with the UAE SCA-regulated entity have a leverage limit of 1:100. The entity regulated by the FSA in Seychelles, Zenfinex Global Limited, offers substantially higher leverage, with a maximum of up to 1:2000.

It is important to be mindful that high leverage significantly amplifies risk and should be used with considerable caution.

Taurex Profile

Company Name Zenfinex Global Limited
Categories Forex Brokers, Cryptocurrency Brokers
Primary Category Forex Brokers
Year Founded 2023
Headquarters United Kingdom
Account Currency EUR, GBP, USD
Support Languages Arabic, Chinese, English, Malay, Spanish, Thai, Vietnamese
Funding Methods Bank Wire, Bitcoin, Credit/Debit Card, Neteller, Skrill, Ethereum, Crypto wallets, Apple Pay, Googlepay
Financial Instruments Forex, Shares, Indices, Oil/Energies, Cryptocurrencies, Metals, ETFs, Soft Commodities (coffee, sugar...)
Prohibited Countries Belgium, Canada, Iran, Japan, North Korea, United States
24 hour support
Segregated Accounts
Islamic Accounts
Accepts Canadian clients
Accepts Japanese Clients
Non expiring demo
Trading API
Cent accounts
Negative balance protection
Social trading
Regulatory deposit insurance
Trailing stops
Bonuses
Interest on margin
Fixed spread
Variable spread

The Taurex profile available on Cashbackforex.com provides a summary of important facts regarding this broker. This includes the company names (Zenfinex Global Limited), the brand's relatively recent introduction around 2023, its UK headquarters, the selection of available account currencies (USD, EUR, GBP), languages offered for support, the listed ways to fund an account, the variety of financial instruments available for trading, and any countries from which they do not accept clients (for instance, the USA, Canada, and Japan).

Promotions: Details on Current Client Offers

At present, Taurex does not feature specific introductory bonuses or extensive promotional campaigns on its primary website. It is not uncommon for brokers to occasionally provide partner-specific arrangements or client loyalty incentives. The most reliable approach is always to consult the official Taurex website or get in touch with their customer support team directly to make enquiries about any promotions that may be running and their particular terms and conditions.