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WikiFX Broker Assessment Series | Is Tauro Markets Reliable?

WikiFX | 2024-05-23 15:49

Abstract：In this article, we’ll look in-depth at Tauro Markets, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

In this article, well look in-depth at Tauro Markets, examining its key features, fees, safety measures, deposit and withdrawal options, trading platform, and customer service. WikiFX aims to provide you with the information you need to make an informed decision about using this platform.

About Tauro Markets

Tauro Markets, situated in Saint Vincent and the Grenadines, operates as an online trading platform. The physical address of Tauro Markets is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, Saint Vincent & the Grenadines. It caters to traders by offering a diverse array of financial instruments, including indices, forex, metals, commodities, shares, and cryptocurrencies. However, WikiFX has given this broker a low score of 1.04/10.

Is Tauro Markets Legit？

Tauro Markets is not regulated. It is important to note that this broker does not have any valid regulation, which means it operates without oversight from recognized financial regulatory authorities. This absence of oversight can lead to limited avenues for dispute resolution, potential safety and security concerns regarding funds, and a lack of transparency in the brokers operations.

Account Type

Tauro Markets offers two account types: the Classic account and the VIP account. The classic account requires a maximum deposit of $100, making it accessible to traders with varying levels of capital. On the other hand, the VIP account demands a higher minimum deposit of $3000, catering to more experienced or high-net-worth traders.

Trading Platform

At Tauro Markets, traders can choose between two powerful trading platforms: the in-browser WebTrader and the renowned MetaTrader 4(MT4). The Webtrader platform offers convenience and accessibility for launching trades directly from web browsers. Meanwhile, MT4 provides advanced features and comprehensive trading tools, available across various operating systems.

Trading Tools

At Tauro Markets, traders have access to a copy trading platform.

Customer Support

Tauro Markets provides customer support primarily through email at support@tauromarkets.com.

Conclusion

Tauro Markets offers traders a diverse range of trading instruments and utilizes the popular MetaTrader 4 platform, providing efficient trade execution. However, the absence of regulatory oversight and limited customer support options via email pose potential risks and challenges. The platform lacks educational resources and transparency regarding company policies, which may hinder traders decision-making processes. Therefore, traders should proceed with caution and seek clarification from Tauro Markets to ensure a safer trading experience.

Forex Broker Forex Analysis

Related broker

No Regulation

Tauro Markets

Company name：JM Financial LLC

Score

1.31

Website：https://www.tauromarkets.com/

2-5 years | Suspicious Regulatory License | High potential risk |

Score

1.31

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