Thaurus
Pros and Cons
Pros
- Diverse range of trading instruments including forex, commodities, and indices
- User-friendly proprietary mobile application for trading on the go
- Multiple account types catering to different trader experience levels
- Demo account available for practice with virtual funds
- Responsive customer support via email, live chat, and telephone
Cons
- Unregulated by recognized financial authorities
- No specific protections for client funds
- Limited cryptocurrency offerings
- Withdrawal fees may apply
- Potential for higher trading risks
Basic Information
User Reviews
Thaurus Overview
Thaurus Ltd, founded in the last 2 to 5 years, is a forex broker registered in Mauritius. The company operates in a region where it may not be regulated, which is an important consideration for potential traders. Thaurus is committed to providing a trading environment suitable for various trading strategies and goals. With its operational base in Mauritius, the broker aims to cater to a diverse clientele interested in forex trading and other financial instruments.
The broker offers a range of trading instruments including forex, commodities, and indices, which can appeal to traders looking for variety in their trading portfolios. Thaurus provides access to its services through its proprietary mobile application, designed for both iOS and Android devices, ensuring flexibility and ease of use for traders on the go. Customer support is available to assist users, reflecting the broker’s dedication to offering a responsive service. While Thaurus has some advantages like a user-friendly platform and competitive trading conditions, potential clients should carefully consider the implications of trading with an unregulated broker in their investment decisions.
Is Thaurus Safe? Regulation Analysis
Regulatory Information
Thaurus Ltd is a forex broker registered in Mauritius, but it is important to note that the broker is not regulated by any recognized financial authority. This lack of regulation raises several concerns regarding the safety of client funds and the overall trading environment.
Is Thaurus Regulated and How Are Client Funds Protected?
As Thaurus is unregulated, there are no specific protections in place for client funds, such as those offered by regulatory bodies in more strictly governed jurisdictions. Traders should be aware that trading with an unregulated broker may involve higher risks, including a lack of investor protection and a greater potential for financial misconduct. Therefore, careful consideration is essential when choosing to engage with Thaurus for trading activities.
Trading Products and Services
What trading instruments does Thaurus 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 |
Thaurus provides a diverse range of trading instruments, which includes forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders of all skill levels, from beginners to seasoned professionals, to engage in various trading strategies. By offering multiple asset categories, Thaurus enables traders to diversify their portfolios and adapt their trading approaches based on market conditions. This flexibility can be particularly beneficial for those looking to optimize their trading experience and achieve their financial objectives in the dynamic trading environment.
Account Types and Trading Conditions
What Account Types and Fees Does Thaurus Offer?
| Account Type | Target User Group | Essential Characteristics | Applicability Notes |
|---|---|---|---|
| BULLION POWER ACCOUNT | Traders with varying experience | Competitive spreads starting from 0.2 pips | Minimum deposit of $50 required |
| PRESTIGE PLUS ACCOUNT | Intermediate traders | Higher leverage options available | Minimum deposit of $1,500 required |
| ROYAL ELITE ACCOUNT | Experienced traders | Low commission structure | Minimum deposit of $25,000 required |
| Demo Account | Beginners | Practice trading with virtual funds | Accessible to all users for testing |
Account Opening Process
To open an account with Thaurus, traders need to follow a straightforward process. Initially, they will be required to submit personal information, including details about their employment and financial status. Identity verification is essential, which involves providing a valid ID and proof of address. Once the account is set up, users have the flexibility to upgrade to a professional account later if they meet the necessary criteria.
Trading Fees
| Product | Spread (pips) | Commission | Notes |
|---|---|---|---|
| Forex (Major Pairs) | Varies | $0 (ECN: $3 per lot) | Competitive spreads available |
| CFDs (Indices, Commodities) | Varies | $6 per lot | Commission structure applies |
| Cryptocurrencies | Varies | 0.1% | Dependent on market conditions |
Other Fees
In addition to trading fees, traders should be aware of other potential costs associated with their accounts. These may include deposit and withdrawal fees, inactivity fees after a specified period of account dormancy, and any applicable overnight interest (swap rates) on leveraged positions. Currency conversion fees may also apply when trading assets in different currencies.
Trading Platforms and Apps
What Trading Platforms and Apps Does Thaurus Offer for Traders?
| Platform | Device Support | Key Features | Additional Services |
|---|---|---|---|
| Thaurus Mobile App | iOS, Android | Secure login (encryption), symbol lookup, multiple order types, price alerts, technical indicators | Demo account available |
| Web Version | Windows, macOS | Secure login (encryption), market search, one-click trading, push notifications | No additional services |
| MT5 | Windows, macOS | Secure login (2FA), advanced market analysis tools, multiple order types, custom alerts | API interface available |
Thaurus provides a variety of trading platforms to accommodate different trader preferences. The Thaurus Mobile App allows users to conveniently trade on the go, featuring secure logins and real-time alerts. The web version supports both Windows and macOS, offering a straightforward interface with essential trading tools. For more advanced traders, MT5 provides robust features including enhanced market analysis and customization options. Each platform emphasizes security and efficient order execution, ensuring traders can operate effectively and securely.
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 $50, Max $20,000/day | USD, EUR |
| Credit/Debit Card | Instant | No platform fee | Min $50, Max $10,000/day | USD |
| e-Wallet (e.g., Skrill, Neteller) | Instant | 1.5% charge | Min $50, Max $15,000/day | USD |
Minimum Deposit
Thaurus requires a minimum deposit of $50 to open an account. This amount is uniform across all payment methods and does not vary by account type or region.
How to Withdraw
- Log in to your Thaurus account.
- Navigate to the ‘Withdrawal’ section in your account dashboard.
- Select your preferred withdrawal method from the available options.
- Enter the amount you wish to withdraw, ensuring it meets the minimum and maximum limits.
- Confirm your withdrawal request and submit it.
- You will receive a confirmation email once your request is processed.
Customer Support
Thaurus Customer Support Overview
Support Channels
Thaurus offers several contact methods for customer support to ensure traders receive the assistance they need. These include:
- Email: Traders can reach out via email at support@thaurus.com for inquiries and assistance.
- Live Chat: An instant messaging option is available on the Thaurus website for real-time support.
- Telephone: Customers can contact Thaurus directly at +230 52970374 for immediate help.
- Social Media: Thaurus maintains a presence on various social media platforms, providing another avenue for customer interaction and support.
Service Availability
Thaurus provides customer support services that are available during specific hours, ensuring traders can get help when needed. While the exact hours are not detailed, the broker is known for its responsive service. Additionally, Thaurus’s support team is equipped to handle inquiries in multiple languages, helping to cater to its diverse clientele.
Additional Resources
To further assist its traders, Thaurus may offer a variety of educational resources. These can include video tutorials, webinars, market analysis, and trading signals, which enhance the trading experience and help customers make informed decisions.
Frequently Asked Questions
Thaurus Ltd is a forex broker registered in Mauritius, but it is not regulated by any recognized financial authority. This lack of regulation raises concerns about the safety of client funds and the overall trading environment.
Thaurus offers a diverse range of trading instruments, including forex, commodities, indices, stocks, and cryptocurrencies. This variety allows traders to engage in various strategies and diversify their portfolios.
As Thaurus is unregulated, there are no specific protections in place for client funds, which may involve higher risks. Traders should exercise caution and conduct thorough research before engaging with the broker.
Thaurus offers multiple customer support channels, including email, live chat, and telephone support. Their support team is known for being responsive and can assist clients with inquiries in various languages.
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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.