Abstract：This article is about a broker called Thaurus. Is this platform trustworthy? WikiFX made a comprehensive review of this broker, hoping you have a clue to make a wise decision.
About Thaurus
Thaurus, established in 2023 and based in Mauritius, presents a trading platform catering to various investment needs. Operating under the regulation of the Mauritius Financial Services Commission, it offers to arrange account types tailored to diverse trading preferences. Thaurus offers a diverse range of trading assets, encompassing various financial instruments catering to different investment preferences, the assets include Futures, Forex, Stocks, CFDs, and Commodities.
Account Types
Thaurus offers an array of account types, each tailored to meet specific trading needs and preferences across diverse financial markets.
Bullion Power Account: With a minimum deposit of $30, this account type provides access to Forex, Metals, Energies, US shares, and indices. Traders benefit from leverage up to 1:1000 and experience a floating spread from 1.8 pips. Notably, there are no commissions charged, and traders have the support of a dedicated account manager offering phone assistance.
Thauride Prestige Account: Requiring a minimum deposit of $300, this account type mirrors the offerings of the Bullion Power Account but with enhanced benefits.
Thauron Royal Account: Targeted toward seasoned traders, the Thauron Royal Account necessitates a minimum deposit of $3000. Traders gain access to the same instruments as the previous accounts but benefit of $3000.
Is It Legit?
Regulatory oversight is an important consideration when assessing the safety and credibility of a forex broker.
According to WikiFX, THAURUS operates through Thaurus Ltd, which holds a Securities Trading License (EP) issued by the Financial Services Commission of Mauritius (FSC). The licence number is GB22200432, and WikiFX currently identifies the entity as regulated under the Mauritius FSC.
Leverage
Thaurus offers maximum leverage of up to 1:1000 for their trading accounts across various tiers. This leverage ratio allows traders to control a larger position size relative to their invested capital, potentially amplifying both profits and losses. However, it is crucial to note that higher leverage can magnify potential gains, as well as escalate the risk exposure.
Conclusion
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