Forex & CFD brokers tend to appear a dime a dozen, and then disappear just as quickly. Yet, the newcomer we are reviewing today has every indication of being here to stay. Tauro Markets has been recently launched by Alexander Oelfke, the former CEO of BDswiss. The broker has recently hired the highly accomplished business developer Carla Nemr, who has joined as Chief Commercial Officer after her successful 7-year tenure with Tickmill as Chief Business Development Officer. Headquartered in Dubai and reportedly setting up offices internationally, Tauro Markets seems to be “in it to win it”. But what should traders know about this new broker? We’re here to find out.
Tauro Markets at a Glance
Tauro Markets is a multi-asset CFD trading platform that offers retail and institutional clients access to a wide range of investment products. The platform was created by a professional team with over two decades of experience in the global trading space. The team boasts a proven track record of successfully handling an average monthly trading volume of $200 billion.
Some of the unique selling points of a broker are mentioned below in this Tauro Markets review:
- It features a variety of trading assets, such as Forex, indices, stocks, cryptocurrencies and commodities.
- The platform is user-friendly and designed to be easy to use for both beginners and experienced traders.
- The trading platform provides daily market analysis, webinars, video tutorials, and guides to help users improve their trading skills. Those materials are powered by TradingView, a recognized leader in quality market intelligence.
- By managing encryption and secure payment methods, Tauro Markets helps users protect their funds and personal information, thus highlighting the importance of a safe trading environment.
- The broker also offers a mobile app that allows users to trade on the go, giving them flexibility and convenience.
- Tauro Markets website is available in English and Arabic.
Regulation and Trustworthiness
Headquartered in Dubai, the broker operates with licences in Mauritius, Kuwait, and St Vincent & the Grenadines. Critics would point out that two of them are not licenses but “registrations” (Kuwait and St Vincent and the Grenadines), leaving the broker with just a Mauritius license. We would expect Tauro Markets to acquire a solid top-tier license soon. Yet, for now they are well set for a global expansion, with a special focus on the Gulf countries.
Account Options
The broker provides two different account options, i.e. Classic Account and VIP Account. Deposits for the Classic Account start from $100, with spreads from 1.5. The VIP account has a $3000 deposit entry point, with spreads from 0.5.
Fees & Commissions
Online trading platforms charge different types of fees and charges. The Tauro Markets has the following fee structure for its clients:
Spreads
In finance, the spread is referred to as a small fee charged by brokers as a difference between the bid and ask price. Tauro Markets charges its clients different rates of spreads according to the market condition and their chosen account. For example, on the Classic Account, the broker charges spreads from 1.5 pips, whereas, on the VIP Account, the minimum spread rate is around 0.5 pips. However, the spread rate is different for each tradable asset offered by the broker.
Commissions
Tauro Markets follows a zero-commission policy and does not charge any commission to its traders.
Inactivity Fees
This type of fee is charged by online brokers at the time of no activity in their accounts for a certain time period. Tauro Markets charges about 10% of the account balance as Inactivity fees to those accounts that do not trade for 90 consecutive days. The minimum amount charged as inactivity fees by Tauro Markets is 25 Euros or equivalent in other base currencies. Conversely, the maximum amount is about 49.90 Euros. This fee is charged for the maintenance and administration of inactive accounts.
Deposit & Withdrawal Fees
Tauro Markets does not charge any such fees as it believes in giving traders more control over their funds.
Tauro Markets Leverage
The platform provides maximum leverage of 1:500. It is interesting that this information is not prominently available on the broker’s website and we had to do some digging to uncover it.
Trading Platforms and Tools
Tauro Markets provides 2 types of trading platforms to its clients: a proprietary Web trader and MT4.
The proprietary platform is a web based which can be accessed directly from web browser without the need to install or download any software.
Meanwhile, the industry standard MT4 is also available. If you’re new to trading, it’s good to know that MT4 is an e-trading platform widely used by speculative online traders. It was developed by MetaQuotes Software and released in 2005. MT4 is well-known for its user-friendly interface, and it can be accessed from mobile, laptop, and any smart device through its app. Traders can enter Tauro Markets login details into the MT4 platform and place trades with their accounts easily on the MT4 App.
Some of the features of the Tauro Markets Trading Platform:
- Advanced Analysis: The availability of multiple latest technical indicators offers traders ability to conduct an advanced and innovative technical analysis.
- Interactive Charts: Customizable charts with unique and easy-to-use drawing tools and options further support the market analysis.
- Multiple Time Frames: MT4 offers charts in different time frames from M1 to D1 and D3, Weekly, even Monthly charts are available.
- Multiple Screens: Another important feature of MT4 is that traders can open and analyze markets of more than one tradable asset at the same time. This reduces the need to go back and forth at the time of volatile market conditions if traders have opened positions in multiple markets.
- Fast Execution: Tauro Markets boasts 40,000+ daily trades and $50M+ Daily Trading volume, and this type of achievement is only possible with ultra-fast transaction execution speed.
Available Markets
Tauro Markets provides access to the usual lineup of financial markets, standard for this niche of CFD brokers. That said, their instruments range may be wider and more advanced compared to some newcomer competitors, such as TibiGlobe. Let’s take a closer look:
Forex
Tauro Markets offers access to over +60 forex currency pairs. These currency pairs include all the major pairs like EURUSD, USDJPY, GBPUSD, AUDUSD and USDCHF. Furthermore, other minor and exotic currency pairs are also available.
Indices
Tauro Markets traders can gain exposure to entire sectors like UK100, US500, AU50, NASDAQ, S&P 500 and more from a single position through Indices.
Commodities
Tauro Markets allows the user to interact with commodities from different sectors including Energy, Metals, and Agriculture, etc. The CFDs on Gold, Crude Oil, Silver, and Coffee etc. are available with different lot sizes.
Cryptocurrencies
Tauro Markets also offers CFD trading on cryptocurrency pairs. Traders can place both long and short bets on highly volatile asset class with spreads included.
Shares
Here, CFD trading of shares from major companies like Apple, Tesla, Microsoft, Google, Disney, Meta, etc., is also available.
Customer Service
Tauro Markets provides its clients with 24/5 customer support through multiple channels. Traders can opt for Live Chat feature available on their official website to find quick answer to their queries. Furthermore, a more comprehensive and personal experience of customer support is also available through phone (tel: +96522286001) and email support. The official email address of Tauro Markets is support@tauromarkets.com for customer services.
Apart from this, the traders can also explore the FAQ section on the broker’s website to find answers to generally asked questions. Tauro Markets also offers support in multiple languages including English and Arabic.
Education and Training
Tauro Markets offers a range of educational materials on its website to facilitate its traders in highly risky trading environments. It provides educational content for all types and levels of traders, from beginners to experts. Powered by TradingView, Tauro Markets’ educational materials come not only in text format but also in video tutorials, putting the broker in line with the times when video content is king.
The broker offers Beginners, Intermediate and Advanced trading sessions. The sessions cover not only the basic education of financial markets but they also include the lessons of technical indicators.
Apart from this, the educational materials also address the basic definitions of tools and terms used in financial markets. This includes terms like Heatmap, Pivot Point, Fibonacci, Economic Calendar, Pip Value, and more. Meanwhile, the trading platforms offered by the broker also feature daily news and economic calendars to keep its traders up-to-date on the market fundamentals.
Payment Options
There are various payment or funding options available at Tauro Markets. The broker accepts payments through Debit/Credit cards, VISA, MasterCard, Wire Transfer, and Bank Transfers. Furthermore, the company also offers its clients to make a deposit via cryptocurrencies.
Safety Features
Tauro Markets gives crucial importance to the safety of its clients’ funds. The broker has implemented various safety measures for this purpose. Traders’ funds are kept in a segregated Tier-1 bank account to protect them from any potential loss in case of the company’s bankruptcy. Furthermore, risk management techniques and features like stop-loss and take-profit are also available for traders’ convenience. These multiple tiers of encryption features and two-factor authentication process solidify the safety of Tauro Markets’ clients.
Partnership Programs
Like any aspiring top tier broker, Tauro Markets also supports a rewarding Affiliate Program. This has been designed exclusively for businesses and individuals with an established client portfolio or online presence. The payout plans are customizable in this affiliate program of Tauro Markets, which has advanced tracking tools and multilingual support. This type of feature helps affiliates maximise their earnings. The ongoing updates are provided on a private Telegram channel to the participants, along with access to a range of marketing resources.
For introducing brokers, the Tauro Markets deliver attractive commissions, transparent and fast payouts along with sponsorship opportunities. Furthermore, a Business Development Manager helps these IBs in growing their client base by providing a dedicated support.
Interestingly, the program’s flexible bonus structure enables tailored incentives. These incentives include deposit bonuses or cashbacks, which are exclusively designed for enhancing client retention and engagement.
User Feedback and Trading Conditions
Taro Markets has gained an impressive score of 4.3 on TrustPilot. On the Internet’s most popular review platform, many people have experienced a spectacular trading experience with Tauro Markets. They have called it easy, reliable and efficient platform. According to Tauro Markets review on TrustPilot, their registration process is fast unlike other brokers. Most users commented that the broker is very smooth and extremely friendly. Customers also praise that the company conducts its business in a highly professional manner.
Bottom Line
Tauro Markets is an online CFD trading platform regulated by the Ministry of Commerce of the State of Kuwait and the financial authority of St Vincent and the Grenadines, as well as Financial Services Commission in Mauritius.
It features everything one would expect from a modern CFD broker, and, given Tauro Markets’ pedigree with accomplished team and financial backing behind it, we believe this broker is in it to win it.
FAQs
Is Tauro Markets regulated?
Yes, Tauro Markets is regulated by the Ministry of Commerce of the State of Kuwait and Saint Vincent & the Grenadines (Corporation number 2496 LLC 2022).
What is the minimum deposit of Tauro Markets?
The minimum deposit limit for its Classic Account is $100.
What is the commission of Tauro Markets?
Tauro Markets follows a zero-commission policy, Which means the broker does not charge any commission.
What is the leverage in Tauro Markets?
Tauro Markets provides traders with a leverage of up to 1:500.
Can US citizens use Tauro Markets?
No, due to regulatory reasons, Tauro Markets does not offer services to US residents.
