Founded by a former FXCM and London Capital Group executive. The retail brand rebranded from Zenfinex to Taurex in September 2023 (Zenfinex is retained as the group/B2B name), and recently launched a prop-trading product. Offers 1,500+ instruments with a client base concentrated in Africa, Asia, the Middle East, and South America. A disclosed financial detail: the group posted a £1.9 million loss in 2022 shortly before the rebrand. Update: Taurex has since publicly denied online allegations of fraud and withheld withdrawals, and named several unauthorised clone websites falsely claiming affiliation with it. Separate ForexPeaceArmy complaint threads allege specific disputes (a roughly $29,800 removal from one account, and other reports of denied withdrawals and erased balances) -- unadjudicated and denied by the company, but serious enough to disclose rather than omit.
| Regulated entity | Zenfinex Global Limited |
|---|---|
| Regulation | FCA-licensed (FRN unconfirmed) + FSA Seychelles-licensed (licence number unconfirmed) |
| Other Tier-1 regulators | None confirmed |
| Founded | 2017 |
| Headquarters | London, UK (also a Seychelles office) |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5, cTrader |
| Instruments | 1,500+ instruments across forex, indices, commodities, metals, shares, and cryptocurrency CFDs -- this total figure was reasonably consistent between two independent sources, though no reliable per-category breakdown was found. |
See Taurex's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Standard Zero, Pro Zero, and Raw, with a promotional "30 days free swap" feature reported on some accounts; a dedicated Islamic/swap-free tier wasn't clearly itemized separately. The group runs multiple trading entities under the Taurex name (FCA, Seychelles FSA, and others), and client protections reportedly differ by which entity you're actually contracting with -- worth confirming directly. |
|---|---|
| Execution model | ECN/STP claims appear in marketing material but weren't independently verified. |
| Withdrawals & deposits | Methods include bank card, bank wire, Bitcoin, Ethereum, Neteller, Skrill and Tether; fees are reported to start from $0 and vary by method. Minimum withdrawal $50, processing from 15 minutes up to 3 business days, with identity verification required. |
| Overnight financing (swap) | Not found in detail beyond the promotional 30-day free-swap mention above. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found. |
| Customer service | Trustpilot shows 326 reviews; the exact aggregate score wasn't retrieved. See the fraud-allegation and clone-site disclosure above for important context on recent reputational disputes. |
| Mobile experience | One comparison site's own composite score cites an overall rating of 4.3/5 with mobile platforms scored 4.7, but this appears to be that site's own methodology rather than a raw App Store/Google Play rating, and actual store ratings weren't independently confirmed. |
| Educational offering | The same composite-score source rates education 4.0/5 but also notes the scope of educational content could be better -- a mixed, limited assessment. |
See how Taurex's spread cost compares across every researched broker → · Forex broker fees explained
Is Taurex regulated?
Yes -- FCA-licensed (FRN unconfirmed) + FSA Seychelles-licensed (licence number unconfirmed). See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Taurex fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails. Via its Seychelles FSA-licensed entity, there is no statutory investor compensation scheme -- if that entity fails, there is no guaranteed fund to recover client money from.
What is the minimum deposit at Taurex?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does Taurex offer?
Taurex offers MT4, MT5, cTrader.
What is Taurex's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was Taurex founded?
Taurex was founded in 2017.
How is Taurex's overall score calculated?
Taurex currently scores 2.65/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
EU clients typically served under Central Bank of Ireland / MiFID passporting rather than a direct CySEC CIF licence -- worth confirming which entity applies to you.
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