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For more information about Taurus Forex Broker company profile, come to WikiBit!

Rating Index

Pros

Established since 2017, providing a degree of operational experience.
Offers online customer service support in multiple languages, including English and Chinese.
Regulated by the Australian Securities and Investments Commission (ASIC), which adds a layer of credibility.

Cons

Low WikiFX score of 3.42, indicating potential reliability concerns.
Reports of long waiting times for customer service responses, which may frustrate users.
Multiple exposure incidents raise questions about the broker's trustworthiness and operational practices.

Taurus Company

Taurus Company: A Comprehensive Overview

1. Company Overview

Founding Date and Background

Taurus Company, established in 2018, is a leading financial technology firm focused on the development of regulated digital asset exchanges and custody solutions. The company was founded with the vision to modernize financial infrastructure using blockchain technology, catering to the needs of institutional players such as banks and asset managers.

Parent Company/Ownership Structure

Taurus operates as an independent entity but has established partnerships with various financial institutions. Notably, Taurus Securities Limited is a subsidiary of the National Bank of Pakistan, further diversifying its service offerings in the financial sector.

Headquarters Location

The headquarters of Taurus is located in Geneva, Switzerland, with additional offices in major financial hubs including Dubai, London, and Singapore. This strategic positioning allows Taurus to maintain a global presence and cater to a diverse client base.

Global Business Scope

Taurus provides services across multiple regions, including Europe, Asia, and the Middle East. The firm focuses on digital asset management, tokenization, and custody solutions, serving banks, asset managers, and other financial institutions.

Main Regulatory Bodies

Taurus is regulated by several key bodies, including the Swiss Financial Market Supervisory Authority (FINMA) and the Australian Securities and Investments Commission (ASIC). These regulatory affiliations ensure that Taurus adheres to stringent compliance standards and offers secure services to its clients.

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2. Company History and Development

Key Milestones

Since its inception in 2018, Taurus has achieved several significant milestones, including the launch of its regulated digital asset exchange platform and the establishment of a comprehensive custody solution for digital assets. The company has also integrated with multiple blockchain protocols to enhance its service offerings.

Business Expansion Journey

Taurus has expanded its services from a single platform to a comprehensive suite that includes custody, trading, and tokenization solutions. This expansion has enabled the firm to cater to a broader range of financial products and services, accommodating the evolving needs of its clients.

Customer Base Growth

Over the years, Taurus has successfully built a diverse customer base that includes over 35 institutional clients, ranging from banks to asset managers. The company's commitment to security and regulatory compliance has fostered trust and confidence among its clients.

Platform Development History

Taurus has continuously improved its platform, integrating advanced technology and security measures. The company's digital asset custody platform, for example, utilizes state-of-the-art cryptographic techniques and complies with the highest security standards.

Important Awards or Recognitions Received

Taurus has received recognition for its innovative approach to digital asset management and blockchain technology. The firm has been acknowledged by industry peers and regulatory bodies for its commitment to security and compliance.

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3. Trading Services Offered

Forex Trading Options

Taurus offers a variety of forex trading options, including a comprehensive selection of currency pairs. The firm provides access to major, minor, and exotic currency pairs, ensuring that clients have ample opportunities for trading in the forex market.

Stock Trading Options

In addition to forex, Taurus facilitates stock trading, allowing clients to invest in a wide range of equities. The firm provides access to local and international stock exchanges, catering to both institutional and retail investors.

CFD Trading Products

Taurus also offers Contracts for Difference (CFDs) on various financial instruments. This allows clients to speculate on price movements without owning the underlying assets, providing flexibility in trading strategies.

Other Financial Instruments

Taurus has diversified its offerings to include cryptocurrencies, commodities, and tokenized assets. The platform supports trading in major cryptocurrencies, enabling clients to participate in the growing digital asset market.

Special Services or Unique Advantages

Taurus distinguishes itself with its commitment to security and compliance. The company employs a zero-tolerance policy towards security breaches and utilizes cutting-edge technology to protect client assets. Additionally, Taurus provides clients with access to a robust research and analytics portal, enhancing their trading experience.

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Detailed Regulatory Information

Taurus is regulated by multiple bodies, including:

  • Swiss Financial Market Supervisory Authority (FINMA)
  • Australian Securities and Investments Commission (ASIC)
  • Other relevant local regulatory authorities depending on the region of operation.

In Australia, Taurus operates under the legal entity Taurus Management Ltd, which holds an investment advisory license. In Pakistan, Taurus Securities Limited is a member firm of the Pakistan Stock Exchange, regulated by the Securities and Exchange Commission of Pakistan (SECP).

Client Fund Protection Measures

Taurus implements stringent client fund protection measures, including segregated accounts for client assets and comprehensive insurance coverage. This ensures that client funds are safeguarded against potential risks.

Countries/Regions Served

Taurus serves clients globally, with a focus on Europe, Asia, and the Middle East. The company's regulatory compliance allows it to operate in various jurisdictions while adhering to local laws and regulations.

Compliance History

Taurus maintains a strong compliance history, having successfully navigated regulatory requirements in multiple jurisdictions. The firm is committed to transparency and operates with integrity, ensuring that it meets all legal obligations.

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5. Competitive Landscape

3-5 Main Competitors

Taurus faces competition from various firms in the digital asset and financial services sector, including:

  • Swissquote
  • Bitstamp
  • Binance
  • Kraken
  • eToro

Positioning in the Industry

Taurus positions itself as a technology-first company, emphasizing its expertise in blockchain and digital asset management. The firm aims to bridge the gap between traditional finance and digital assets, catering to the needs of institutional clients.

Market Differentiation Factors

Taurus differentiates itself through a combination of regulatory compliance, advanced security measures, and a comprehensive suite of services. The company's focus on customer trust and transparent operations further enhances its competitive edge in the market.

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In conclusion, Taurus Company represents a significant player in the evolving landscape of digital asset management and trading. With a strong regulatory framework, a diverse range of trading services, and a commitment to security and compliance, Taurus is well-positioned to meet the needs of its clients in the fast-paced financial markets.

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