TaureneFX Review: Is A Scam Or Legit Broker?

TaureneFX Review: this is a Forex broker that claims to be located in the offshore location of Marshall Islands. Is a legit broker or another scam?

First, it is worthy to note that the location of this brokerage is offshore. These kind of brokers are not regulated and thus, cannot hold a license.

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TaureneFX is owned CFSUM Ltd and claims to be a Wealth Management Group. They claim to provide guidance for clients on a personal level. Security of identity is also touched on by the page and offers “reliable, trusted and simple trading solutions”.

Cryptocurrencies are also available to be traded with. We could not get much information on their address and other trading conditions.

TaureneFX Trading Platform

The trading platform used by this broker is said to be a web-based one and this is not encouraging to traders.

Regulated brokers usually mention trading platforms such as MetaTrader 4 and MetaTrader 5.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

There is a large collection of trading assets in this broker’s trading portfolio that includes: CFDs on indices, forex pairs, cryptocurrency, and stocks.

Again, Forex traders with licenses who are serious about the business provides impressive trading portfolios that includes more than 300 Forex currencies, 5+ cryptocurrencies, and CFDs on numerous commodities like silver, gold, indices, stocks, oil.

Leverages offered by the broker is not specified and there is no mention of the spreads offered. This is a strange find.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal Methods on TaureneFX

Payment and withdrawal means are not specified on this broker, which is another worrisome find because this is unusual.

Standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on. It is not so for TaureneFX and this is not a good sign.

Minimum deposit required for this broker is $100 and withdrawal charges/fees are not stated.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is TaureneFX Licensed

No. TaureneFX is not a registered broker and therefore holds no license. As we have mentioned at the beginning, it is located in an offshore location. This location has become popular for harboring scammers because of its lax regulation on businesses.

TaureneFX Asks Clients to Install AnyDesk

The broker gives a popup message asking clients to install AnyDesk. This is an application that with the right permission allows access to a computer from another station or computer. Clients need to know this and avoid any broker that makes this kind of request.


To contact a customer care agent, clients are to send a message to:


It is clear from our findings that TaureneFX is a shady brokerage that traders would want to avoid. Their terms are not very clear and they lack transparency.





Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website

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