Tauracapital Review – Falsely Presenting Itself As UK-Based Firm

One of the critical points in the trading world nowadays is transparency. With so many fraudulent firms being registered, it’s quite hard for inexperienced traders to avoid them. Therefore, you should prepare and educate yourself properly.

A great way to do so is to remember all the tips we reveal in this Tauracapital review. Unless you do so, don’t be surprised if you get tricked by this or similar swindlers like Luxpoll for example.

Legal Info: Is Tauracapital Legit Or A Scam?

Since the company presents itself as a UK-based brokerage, our mission should be much easier. We just have to check for the company’s licenses, and we’ll discover the truth. In any case, traders should remember that the most trusted regulators are FCA, BaFin, CFTC, ASIC, or similar authorities. If the company presents you with some offshore licenses, don’t raise much hope about it, primarily because those regulations don’t require companies to provide top-notch protection for clients.

For instance, if this company was FCA-regulated, traders would be protected with up to 85.000 GBP compensation scheme. Unfortunately, Tauracapital broker is not regulated anywhere. Instead, you can only find warnings against them from Canadian CSA and OSC, but also Spanish IOSCO.

Who Are Tauracapital’s Victims?

With the domain being registered in January 2024, we can’t expect many Tauracapital reviews. Sadly, there are none, which is quite surprising. So, if you have any experience with them, feel free to share it in our comments section. Especially if you come from one of their highly targeted areas:

• Canada
• Finland
• Germany
• Israel
• Switzerland

If you are still wondering if they possibly have licenses issued in any of these countries, they don’t. Therefore, in case you have money deposited with them, get in touch for refund advice as soon as possible.

Leverage, Commissions, Spreads, Fees and Taxes

If you look at Tauracapital trading accounts, you will realize they don’t reveal any investment costs. Even though they advertise swap discounts of up to 95%, that means nothing if they will rip you off. In most cases, that’s the bitter truth.

Luckily for traders, one important detail reveals they shouldn’t trust this firm at all. It’s the company’s leverage of up to 1:200 while the maximum allowed for UK firms is 1:30 for retail customers.

Bonuses

On the positive side, there are no signs the company offers any kind of bonuses or promotions. You might wonder why it is positive, but we hope you won’t find out the hard way. Usually, bonuses include shady clauses that can easily prevent you from withdrawing your money.

Tauracapital Trading Features

The only trading feature worth mentioning is the arbitrage. But in most cases, with scam brokers, it’s a way to promote crypto investments and motivate traders to send them money via anonymous crypto payment methods.

Trading Platforms Available

Another sign to avoid this broker is the company’s trading platform. Fairly, it’s not necessarily bad to have a web-based platform. After all, MetaTrader has its own webtrader. 

However, when it’s a proprietary one developed by a scam company, it’s highly dangerous. All in all, with such platforms, traders often forget everything can be manipulated. Primarily profits and losses.

Available Trading Assets

One of the least important details about this company is the instruments offered. Practically, you can find the same with any other broker, and the perfect example is the Ses-Trading firm. Anyway, their offer includes: 

• Forex – GBP/SGD, EUR/JPY
• Commodities – gold, silver
• Shares – Amazon, IBM
• Indices – ASX200, DAX30
• Cryptos – ETH, LTC
• ETFs – Russell2000, QQQ

Account Types

If you look at the Tauracapital account types, you will see a lot of interesting features they offer. Of course, to get access to those, you’ll have to deposit more money than usual. One of the things that caught our eye is tier-1 priority withdrawals. Thus, it’s only available once you deposit more than $200k.

Shouldn’t everyone have the same priority? Surely, and that’s why, again, you can claim this company is an absolute scam. Anyway, you’ll be presented with options like: 

• Standard – $10.000
• Silver – $25.000
• Gold – $50.000
• Platinum – $100.000
• Diamond – $250.000
• Retirement savings – $200.000
• VIP – $500.000
• Islamic – $10.000
  

Mobile Trading App

Imagine a trading company requiring you to deposit more than a quarter of a million that doesn’t have mobile apps developed. That’s exactly the case with this firm. After all, that’s why many traders stick to top-tier licensed brokers.

Demo Account

Another huge disadvantage of this company is the lack of a demo account feature. Considering the Tauracapital deposit requirement of $10k, that’s quite a big problem. However, we believe they would accept much less.

Education

According to the company’s presentation, you can get a few educational programs with this broker. These include weekly live webinars, customized education with trading e-books, and personal portfolio manager assistance. Fairly, none of that can be trusted without a license.

Tauracapital Withdrawal

With an unclear withdrawal policy and fees, you can consider Tauracapital withdrawal impossible. After all, if traders could withdraw their money, they wouldn’t file complaints. 

One of the key signs you won’t be getting any money back is the company’s withdrawal fees. Of course, these are not disclosed, but if you request a withdrawal of more than 20% of your balance, you’ll find out. But be careful. Whether you pay them or not, you won’t get any of your money out.

Customer Support

Since the Tauracapital scam broker presented us with a phone line, traders might think they are legitimate. Thus, the problem is that the number is not from the UK but from the US/Canada. Therefore, the company has been using VOIP services to hide its location. Besides, you can try reaching them via e-mail or contact form, but we wouldn’t raise much hope.

Key Information To Consider About Tauracapital

Literally, every single detail in the company’s presentation is misleading. Not to mention, the company is not regulated, and multiple warnings were issued against them. 

So, why waste time with them when you can recover your money and choose a top-tier licensed broker? Get in touch today, use our free first consultation offer, and find out how to get your money back.

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