WikiFX Broker Assessment Series | Is Thaurus Okay to Invest in?
Abstract：This article is about a broker called Thaurus. Is this platform trustworthy? WikiFX made a comprehensive review of this broker, hoping you have a clue to make a wise decision.
About Thaurus
Thaurus, established in 2023 and based in Mauritius, presents a trading platform catering to various investment needs. Operating without regulatory oversight, it offers to arrange account types tailored to diverse trading preferences. Thaurus offers a diverse range of trading assets, encompassing various financial instruments catering to different investment preferences, the assets include Futures, Forex, Stocks, CFDs, and Commodities.
Account Types
Thaurus offers an array of account types, each tailored to meet specific trading needs and preferences across diverse financial markets.
Bullion Power Account: With a minimum deposit of $30, this account type provides access to Forex, Metals, Energies, US shares, and indices. Traders benefit from leverage up to 1:3333 and experience a floating spread from 1.8 pips. Notably, there are no commissions charged, and traders have the support of a dedicated account manager offering phone assistance.
Thauride Prestige Account: Requiring a minimum deposit of $300, this account type mirrors the offerings of the Bullion Power Account but with enhanced benefits.
Thauron Royal Account: Targeted toward seasoned traders, the Thauron Royal Account necessitates a minimum deposit of $3000. Traders gain access to the same instruments as the previous accounts but benefit of $3000.
Is It Legit？
This broker does not hold a regulatory license, which means it is an unregulated broker. Investing in an unregulated broker is risky as no institution can hold it accountable.
Leverage
Thaurus offers maximum leverage of up to 1:3333 for their trading accounts across various tiers. This leverage ratio allows traders to control a larger position size relative to their invested capital, potentially amplifying both profits and losses. However, it is crucial to note that higher leverage can magnify potential gains, as well as escalate the risk exposure.
Conclusion
WikiFX has given this broker a low score and its regulation status does not meet our expectations. Therefore, we advise you to do more research before investing in this broker. Choosing a higher-score broker is a better option if you dont want to lose your assets.
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