TAURO
Pros and Cons
Pros
- Access to popular trading platforms: MetaTrader 4 and MetaTrader 5
- Diverse range of trading instruments: Forex, commodities, indices, stocks, and cryptocurrencies
- Multiple account types catering to different trader needs
- Customer support available through email, live chat, and telephone
- Instant deposit options via credit/debit cards and e-wallets
Cons
- Not regulated by any recognized financial authority
- Lack of investor protection due to absence of regulation
- Limited educational resources for traders
- Potential withdrawal fees for certain payment methods
- Trading conditions may include high spreads
Basic Information
User Reviews
TAURO Overview
TAURO, officially known as TAURO CAPITAL MARKET LIMITED, is a forex broker based in the United States and has been operating for 5 to 10 years. While it provides various trading services, it is essential to note that the broker currently lacks a valid forex trading license, which may pose certain risks for potential traders. Therefore, prospective clients should exercise caution and consider the implications of trading with an unregulated broker.
The broker offers a range of trading instruments, primarily focusing on forex trading. TAURO supports popular trading platforms including MetaTrader 4 and MetaTrader 5, which are known for their advanced charting tools and user-friendly interfaces. Customer support is available through various channels, ensuring that traders can receive assistance when needed. Despite the lack of regulation, TAURO aims to differentiate itself through its trading technology and the services it offers, catering to a diverse trading audience.
Is TAURO Safe? Regulation Analysis
Regulatory Information
TAURO, officially known as TAURO CAPITAL MARKET LIMITED, is not regulated by any recognized financial authority. This lack of regulation may expose traders to significant risks, including a lack of investor protection and a higher potential for fraud. Prospective clients should carefully consider these factors before engaging with an unregulated broker.
Is TAURO Regulated and How Are Client Funds Protected?
Trading Products and Services
What trading instruments does TAURO offer?
| Asset Category | Available Products | Total Count (if available) |
|---|---|---|
| Forex | Major Pairs / Examples | Varies |
| Commodities | Gold, Oil | Varies |
| Indices | S&P 500, NASDAQ | Varies |
| Stocks | US, UK | Varies |
| Cryptocurrencies | BTC, ETH | Varies |
TAURO offers a diverse range of trading instruments, primarily focused on forex trading, along with commodities, indices, stocks, and cryptocurrencies. This variety allows traders, from beginners to professionals, to explore multiple markets and tailor their strategies according to their investment goals. The inclusion of various asset categories supports portfolio diversification, enabling traders to manage risks effectively while pursuing potential opportunities in the financial markets. Whether you are looking to trade forex pairs or invest in commodities and stocks, TAURO provides the necessary tools to adapt to different trading styles and market conditions.
Account Types and Trading Conditions
What Account Types and Fees Does TAURO Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| Retail Account | Beginners and retail traders | Low barriers to entry, user-friendly | Ideal for small-capital practice |
| Professional Account | Experienced traders | Higher leverage, tailored services | Requires proven trading experience |
| Corporate Account | Corporate clients | Customizable trading solutions | Requires corporate documentation |
| Islamic Account | Traders seeking swap-free options | No overnight interest | Available upon request for eligible clients |
| Demo Account | All traders | Practice trading with virtual funds | No real capital required |
Account Opening Process
To open an account with TAURO, prospective clients must complete several steps. Initially, individuals need to submit personal information, including their name, contact details, and date of birth. Following that, employment information and relevant financial details must be provided to assess suitability for trading. Identity verification is mandatory, requiring submission of identification documents and proof of address. Additionally, clients may have the flexibility to upgrade to a professional account later as their trading experience and volume increase.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 | Tight spreads available |
| CFDs (Stocks) | Varies | $X per lot | Competitive pricing on various stocks |
| CFDs (Indices) | Varies | $X per lot | Includes major indices |
| CFDs (Commodities) | Varies | $X per lot | Focus on popular commodities |
| Cryptos (BTC/USD) | Varies | 0.1% | Variable depending on market conditions |
Other Fees
Additional costs may apply when trading with TAURO, which include deposit and withdrawal fees, inactivity fees for dormant accounts, and potential platform usage fees. Traders should also be aware of overnight interest (swap rates) applicable on certain positions, as well as currency conversion fees for trades involving different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does TAURO Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| MetaTrader 4 | Windows, macOS, iOS, Android | Secure login, multiple order types, price alerts, technical indicators | Demo account, API interface |
| MetaTrader 5 | Windows, macOS, iOS, Android | Advanced charting, secure login, market search, economic calendar | Demo account, VPS services |
| Web Version | Any device with a browser | Login security, symbol lookup, push notifications | Demo account available |
TAURO provides access to MetaTrader 4 and MetaTrader 5, both of which are popular among traders for their robust features and multi-device support. The MetaTrader platforms excel in offering advanced charting tools and secure login options. The web version allows for convenient access from any device, facilitating trading on the go. TAURO’s platforms ensure users can effectively manage their trading activities with real-time alerts and efficient market search tools, enhancing the overall trading experience.
Deposit and Withdrawal
Deposit and Withdrawal Options
| Payment Method | Processing Time | Fees | Limits | Base Currency Options |
|---|---|---|---|---|
| Bank Transfer | 3–5 days | No platform fee | Min $100, Max $10,000/day | USD |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $5,000/transaction | USD |
| E-Wallet (e.g., PayPal, Skrill) | Instant | 1.5% fee per transaction | Min $50, Max $20,000/day | USD |
| Cryptocurrency | Instant | No platform fee | Min $50, Max $10,000/transaction | BTC, ETH |
Minimum Deposit
TAURO requires a minimum deposit of $50 for most account types. This amount may vary based on the chosen payment method, and different account types may have specific requirements, so prospective clients should check the details during the account opening process.
How to Withdraw
To withdraw funds from your TAURO account, follow these steps:
- Log in to your TAURO account.
- Navigate to the ‘Withdrawal’ section.
- Select your preferred payment method for withdrawal.
- Enter the amount you wish to withdraw, ensuring it adheres to the limits.
- Submit your withdrawal request and wait for a confirmation email.
- Funds will be processed according to the chosen method’s processing times.
Customer Support
TAURO Customer Support Overview
Support Channels
TAURO provides multiple contact methods to assist customers effectively. Traders can reach out via:
- Email: Clients can send inquiries to info@tauropro.com for detailed assistance.
- Live Chat: Instant support is available through live chat on the official website, allowing for prompt responses to urgent questions.
- Telephone: For immediate assistance, clients can call TAURO at 16264142958.
- Social Media: Engaging with TAURO through their social media channels provides another avenue for customer service and updates.
Service Availability
TAURO offers customer support during business hours, though specific hours may not be detailed. Multilingual support is not explicitly mentioned, so clients should inquire about language options when contacting the service team.
Frequently Asked Questions
No, TAURO, officially known as TAURO CAPITAL MARKET LIMITED, is not regulated by any recognized financial authority. This lack of regulation may expose traders to significant risks, including a lack of investor protection.
TAURO offers popular trading platforms including MetaTrader 4 and MetaTrader 5, both known for their advanced charting tools and user-friendly interfaces. Additionally, a web version is available for trading from any device with a browser.
TAURO requires a minimum deposit of $50 for most account types. This amount may vary based on the chosen payment method, and different account types may have specific requirements.
TAURO provides multiple contact methods for customer support, including email at info@tauropro.com, live chat on the official website, and telephone support at 16264142958.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.