Taurex — where it wins, where it loses
Taurex wins on entry cost. It loses on published spread. Its cost per ten lots is not confirmed, so it is left out of the cost ordering rather than estimated.
Column by column
The split
Two lists, no averaging. A broker that takes a column outright appears on the left of it; one that gets beaten on a column appears on the right. Nothing is scored into a single number, because a single number hides which side you actually care about.
Wins on
- entry cost
Loses on
- published spread
Cost per 10 lots is the EUR/USD spread cost of ten round-turn standard lots at the figure above, commission excluded. Where a broker publishes a "from" spread rather than an average, the comparison inherits that limitation — see the unconfirmed list further down.
Licensing
Which entity, which regulator, which number
Tier decides how much weight a licence carries in any safety column. Each row links to the page it was read from.
| Regulator | Number | Jurisdiction | Tier | Entity | Read from |
|---|---|---|---|---|---|
| FCA | 816055 | United Kingdom | Tier 1 | Taurex Limited | register.fca.org.uk |
| FSA Seychelles | SD092 | Seychelles | Tier 3 | Taurex Global Limited | tradetaurex.com |
| Capital Market Authority (CMA) UAE, formerly SCA | 20200000224 (Category 5: arrangement and advice) | United Arab Emirates | Tier 2 | Taurex (UAE entity) | tradetaurex.com |
| Bank of Sierra Leone | BSL/SAL/2023 | Sierra Leone | Tier 3 | Stochastic Africa (SL) Limited, trading as Zenfinex Africa | tradetaurex.com |
| None (SVG FSA company registration only) | 138 LLC 2019 | Saint Vincent and the Grenadines | Tier 3 | Zenfinex Global LLC | tradetaurex.com |
Checkable
Facts the comparison runs on
On the record
- Taurex Limited (England and Wales company 11077380) is authorised and regulated by the Financial Conduct Authority under firm reference number 816055, with a registered office at 4 Eastcheap, London.
- Taurex Global Limited is registered in Seychelles under number 8428731-1 and holds Seychelles FSA securities dealer licence SD092.
- The Taurex brand grew out of Zenfinex; the group still lists Zenfinex Global LLC, registered in Saint Vincent and the Grenadines under number 138 LLC 2019.
- The Saint Vincent and the Grenadines FSA does not regulate forex or CFD trading, so the SVG registration is a company registration rather than a trading licence.
- The group's UAE entity holds Capital Market Authority Category 5 licence 20200000224 and is not authorised to hold client money or client assets.
- Taurex Limited (company 11077380) was incorporated on 22 November 2017 and was previously named Zenfin Limited (2017–2018) and Zenfinex Limited (2018–2025), according to Companies House (https://find-and-update.company-information.service.gov.uk/company/11077380).
- The Taurex account-types page states Taurex Global Limited (Seychelles) is the issuer and seller of the financial products on the website, and lists Standard Zero ($0 minimum), Pro Zero ($100) and Raw ($500) accounts, each with forex leverage up to 1:2000 and margin call/stop out of 100%/20% (https://www.tradetaurex.com/account-types/).
- Taurex Global Limited's Terms and Conditions state negative balance protection (NBP) "is currently available only for accounts in jurisdictions designated by the Company", may be subject to limits (for example, automatic reset of negative balances up to USD 500), and does not apply where the Company determines trading involves fraud, market abuse or abusive strategies (https://www.tradetaurex.com/wp-content/uploads/2026/01/Taurex-SEY-Terms-and-Conditions-v9-.pdf).
- Taurex announced in 2026 the completion of a US$40 million Series C funding round led by major shareholder Oscar Hilt Tatum IV, to fund proprietary back-office infrastructure, an AI-powered mobile trading platform and global expansion including additional regulatory licences (https://www.tradetaurex.com/company-news/taurex-raises-40-million-in-series-c-to-accelerate-global-growth-and-ai-driven-trading-technology).
- The Securities Commission Malaysia's announcement dated 10 October 2025 lists Taurex among additions to its Investor Alert List; the SC describes the list as covering unauthorised websites, investment products, companies and individuals and advises the public not to deal with listed entities (https://www.sc.com.my/resources/media/investor-alert-updates/investor-alert-list-as-at-10102025).
| Trading since | 2017 |
|---|---|
| Base | London, United Kingdom |
| Minimum to open | None |
| Leverage cap | up to 1:2000 (Taurex Global Limited, Seychelles, per account table) |
| EUR/USD | not verified |
| Terminals | MT4, MT5, TradingView |
| Account tiers | Standard Zero, Pro Zero, Raw |
| Markets | Forex, Indices, Commodities, Shares CFDs, Crypto CFDs |
| Record confidence | high |
| Matchup-ready | no — too many gaps to run a fair head-to-head |
Excluded from the maths
Not verified
Not verified
These fields are not confirmed. They are shown as gaps, not filled in, and they do not feed any column of the matrix:
- founding year
- minimum deposit
- maximum leverage
- EUR/USD spread
- account types
- segregated funds
- negative balance protection
- spreadEurusd — the account table gives only "spreads as low as" floors (Standard Zero 1.4, Pro Zero 1, Raw 0 with $3.0/side commission); no typical EURUSD figure published
- segregatedFunds — no client-fund segregation statement found on the global site's legal documents (checked 20 Aug 2026); the FCA entity is subject to UK CASS client-money rules by statute, but no broker-page statement was located
- maxLeverage — 1:2000 comes from the global site's account table whose issuer is the Seychelles entity; leverage for FCA-entity (Taurex Limited) clients is not stated on these pages and the site's residence disclaimer excludes UK residents
- negativeBalanceProtection — clause verified in the January 2026 T&C (v9); the current v10 PDF (July 2026) could not be text-extracted, so the clause's presence in v10 is unverified
- minDeposit — the swap-free accounts page lists starting deposits of $50 (exceptions in some countries), $25 in select countries, and $100 for swap-free variants
Costs less
Who beats Taurex on price
Tickmill
$10.00 per 10 lots · wins on headline spread, platform choice
Eightcap
$10.00 per 10 lots · wins on regulatory reach
JustMarkets
$30.00 per 10 lots · wins on headline spread
CMC Markets
$50.00 per 10 lots · wins on headline spread, no minimum deposit, regulatory reach, platform choice
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74% and 89% of retail investor accounts lose money. Verify every figure with the broker before opening an account.