Taurex Limited (Imposter) has been flagged by Financial Markets Authority for "Registered/Licensed entity impersonators|Fraud and Other Types of Misconduct". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
The reporting at Taurex Limited (Imposter) is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Customizable dashboard|Tax reports included
Cons: Currency conversion fee exists|Could offer more webinars
My withdrawal request from Taurex Limited (Imposter) has been pending for over two weeks now. Every time I contact support, I get the same copy-paste response about processing times. This is unacceptable for a financial platform in this day and age.
Pros: Dedicated account manager|Multi-currency support|Automated trading options
Cons: Research section could be deeper|Some tools only available on higher tiers
I lost a significant amount because Taurex Limited (Imposter) did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Helpful community forum|Multi-currency support|Excellent charting
Cons: Cannot customize dashboard fully
The platform at Taurex Limited (Imposter) is riddled with bugs. Charts display incorrect data, order confirmations sometimes fail silently, and the portfolio tracker disagrees with actual positions. After for the past six months of dealing with this, I have had enough.
Pros: API access|Multiple order types|Regular platform improvements|Segregated accounts
Cons: Some tools only available on higher tiers
Taurex Limited (Imposter) had an outage that lasted several hours during a major market event. Not only did they fail to prevent it, but they also failed to communicate what was happening. We were left in the dark while our investments were at risk.
Pros: Easy withdrawals|Copy trading available|Educational resources|Instant funding
Cons: Alert system is basic
The mobile app from Taurex Limited (Imposter) is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.
Pros: Fast deposits|Demo account available|Multi-currency support|Real-time alerts
Cons: Inactivity fee applies after 12 months
Several red flags with Taurex Limited (Imposter): (1) They promise unrealistically high returns, (2) They're not registered with Financial Markets Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Listed in warning databases|No transparency|Pressure to invest quickly
Do not use Taurex Limited (Imposter) for anything serious. I used them for roughly four months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Multi-currency support|Easy withdrawals
Cons: Minor UI glitches occasionally|Desktop app not available on Linux
The only good thing about Taurex Limited (Imposter) is that they remind you why regulation matters. I found them while looking for alternatives to my previous provider. They are regulated in a jurisdiction with weak consumer protection. When things went wrong I had nowhere to turn. Stick to well-regulated brokers.
Pros: Automated trading options|Smooth onboarding
Cons: No integrated tax optimization|Account statements could be more detailed
Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. Taurex Limited (Imposter) said it was market conditions. Same news, another broker filled me properly. They are not honest.
Pros: Detailed reporting|Two-factor authentication|Portfolio tracking tools|Stable platform
Cons: Mobile app could be improved