Taurex Review: The Profit Eraser Hiding Behind Shifting Identities

Taurex, the entity formerly known as Zenfinex, has perfected a particularly cruel form of financial bait-and-switch. While their marketing team polishes a glossy image of high leverage (1:2000) and multi-asset trading, the reality for retail traders is a digital black hole. Data from the last 24 months reveals a consistent pattern: you can deposit as much as you like, but the moment you prove you can actually trade profitably, your account becomes a target for “administrative adjustments.”

Investing with this broker is less about navigating the markets and more about surviving a rigged system. When users attempt a login to check their balances, they are increasingly finding that thousands of dollars in legitimate profits have vanished, replaced by vague excuses about “unauthorized strategies” or “identity verification” failures that only appear after a withdrawal request.

The Regulatory Mirage: A Taurex regulation Audit

The regulatory landscape for Taurex is a deliberate maze of offshore havens and “unverified” claims. While they cling to a legitimate FCA license for one specific entity, the entities interacting with most retail traders are far less scrutinized.

The danger isn't just in what they have, but who is imitating them—or who they are imitating. The FCA has officially issued a warning against “tradetaurexfx.com,” labeling it a clone that mixes legitimate data with fraudulent intent. This lack of clear boundaries makes any Forex activity through their platforms a high-stakes gamble with your principal.

The “Profit Eraser” Phenomenon

The most damning evidence against this broker comes from traders who actually won. Case after case highlights a terrifying trend: “Selective Profit Deletion.” One trader reported the removal of $50,066 in profits while their losing trades remained untouched. This isn't a glitch; it's a business model.

Another victim in Malaysia noted that their positions were closed at prices the market never reached—a classic sign of a “B-Book” shop manipulating its internal feed to liquidate winning positions. When these traders try to resolve the issue, the login portal often becomes a wall. Accounts are blocked, and customer support, which claims to be “award-winning,” goes silent for months.

High Leverage, Higher Risk

Taurex lures victims with a 1:2000 leverage trap. For the uninitiated, this looks like an opportunity for massive gains on small deposits. In reality, its a tool for rapid liquidation. Combined with their “Standard Zero” accounts requiring only a $10 deposit, they are clearly fishing for a high volume of small-scale retail participants whose funds can be easily absorbed through artificial slippage and spread widening.

Identity Verification as a Weapon

Standard “Know Your Customer” (KYC) protocols are used here as a defensive weapon against payouts. Multiple reports indicate that Taurex confirms identity documents as “valid” at the deposit stage, only to reject the exact same documents when a trader attempts to withdraw an $800 profit. They demand “handheld ID photos” and then claim they are too blurry, effectively holding the funds hostage indefinitely.

Before you enter your credentials on their login page, consider the 21+ complaints documented by WikiFX. This isn't just one disgruntled trader; it is a global chorus of victims from China, Vietnam, and Malaysia describing the same “kill switch” for profits.

Final Verdict: Professional Deceptive Trading

The Taurex review of the data leads to one conclusion: this is a platform designed to ensure the house always wins. Whether through the direct deletion of MT4/MT5 logs or the use of clone websites to muddy the waters of Forex regulation, the risks are astronomical. Their scores may reflect their age and technical infrastructure, but the human cost evidenced in the complaints suggests a broker that has lost all ethical grounding.

Risk Warning: Trading with high-leverage offshore brokers like Taurex carries a significant risk of total capital loss. Their history of profit deduction and withdrawal refusal makes them an “Avoid” for any serious participant in the financial markets. Protect your capital by choosing brokers with transparent, verifiable, and top-tier regulation records.