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Already on the blacklist of the Financial Commission, TauruzFX has no transparency. Nevertheless, the platform may have some trading taking place with reasonable conditions. However, Taurus FX is an offshore platform based in the Marshall Islands. And this poses a huge risk to investors, especially those based in Europe and the States. And this brings us to the reason why the regulator issued a ban on Tauruzfx.com. Please find out more in our detailed TAURUZFX REVIEW.

About TauruzFX

TauruzFX Review

Trust Company Complex is a synonymous address for most offshore-based platforms. The reason they all use the same address is simple. There are no strict rules that govern these forex investment platforms.

When you look at the design aspects of TauruzFX, you will find it looks professional. The call to action is enticing and will make anyone sign up. However, it would help if you did not forget that the platform offers a welcome bonus to all members.

The welcome bonus has probably moved several investors into depositing with the platform. However, newbies want a platform that seems to take care of them financially. And this is what Tauruz FX appears to bring to the table.

As an investor, you want a reliable investment platform that offers realistic returns. In addition, you want a platform that Guarantees safety when investing. And this is possible if only you go for proven and transparent investment avenues.

Offshore platforms may offer enticing investment conditions, but transparency is not one of them. Instead, the platform will outright try to block attempts to withdraw large chunks of money. It’s what a few investors have faced with Tauruz FX.

Account Details TauruzFX

The minimum allowed deposit to start trading with this platform is double the industry-accepted amount. And this is another reason you should doubt the credibility of the platform. TauruzFX offers four account types to choose from. 

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All of the accounts come with the same credit leverage of 1:10 to 1:200. The spread is set from 3 points for basic accounts and 1-2 for the most exclusive account. Here’s a closer look at each account and what it offers;

Mini

It’s the most basic account, and members must deposit $500 to start trading. The industry has set $250 as the acceptable minimum deposit. You pay to double the amount, but the high leverage also puts your investment at risk. 

Silver

The second account on the table comes with a minimum deposit of $5,000. In addition, it comes with bonuses marked to 50 percent. Members get daily analytical reviews, and withdrawal time is set at 48 hours.

Gold 

According to Tauruz FX, this is the best deal. The account comes with a depository amount of $25,000. Bonuses on this account come in the highs of 80 percent. In addition, you get the same trading conditions and withdrawal time as the above two accounts.

VIP

It’s the most exclusive account and comes with different conditions. Some of the notable differences include bonuses of 100 percent and professional consultants. Withdrawal time is also set to 5 hours. 

TauruzFX Account Types

From the four accounts, we can see the platform exaggerates the deposit amount. However, it would help if you kept in mind that this is an offshore forex investment platform. 

Accuracy of signals

The platform also offers indicators for various markets. These indicators offer three options, Buy, Neutral, and Sell. Unfortunately, the accuracy of these trading signals remains a mystery. Unfortunately, there’s no demo account we can use to test these signals.

We insist that you use demo accounts to test how robots and signals work. Accuracy is vital in ensuring fast execution and profitable trades. All we have is a promise that the signals deliver accurate results.

Are Funds safe with TauruzFX?

With the regulator issuing a warning on the platform, the security of funds is out of the question. So it’s a matter of time before the platform goes under. After that, these investment platforms will have to get a license from regulators to flourish.

There’s no safety net provided by the platform, such as insurance cover for deposits made. And this is the reason why you must stay away from the platform.

Available Trading Assets

There are five assets to trade with on this platform. These five include Crypto, Forex, Indexes, Products, and Stocks. In addition, according to the platform, you can buy or sell digital currencies in real life.

And this brings us to our crypto question, do they offer crypto wallets? There’s also no mention of the types of crypto assets on offer. When it comes to Forex, the platform offers major and minor currency pairs.

Some of the indexes you will find include bonds and shares from international markets. You can also expect to trade with major shares from the FAANG Group. In addition, get access to leading exchanges such as Dow Jones and NIKKEI.

You can also trade with goods that are sold in an organized market. These products are interchangeable, transportable, standard in consumption, and can be stored. In addition, the platform promises users access to 400 assets in real-time.

Bonuses on offer

One reason why you will find regulators banning platforms is the use of bonuses. Most regulators are against platforms that offer bonuses, and with good reason. Investigations were done, and results show these platforms take advantage of members.

You may not realize it at the beginning, but the platform will ransom your account. The member must pay back the equivalent deposit bonus with a new deposit transaction. You won’t get to withdraw even a penny unless you do as they ask.

Imagine an investor or an institutional client that deposits $100,000. In essence, the platform promises a 100 percent bonus. That’s the same amount you deposit. When withdrawing, you must deposit the same bonus amount for withdrawals to be processed.

And that’s where the regulator draws the line. Beware of platforms that offer bonuses and commissions.

Deposit and withdrawal channels

The platform prefers bank and wire transfers as modes of depositing and withdrawing funds. Some of the listed options include Maestro, MasterCard, Visa, Wire Transfer, and more. There are a few clients who have made withdrawals with the platform.

A majority of them haven’t due to the arrears in bonuses. And this is what makes the platform a risky investment option. There are no guarantees that even after payment, they will release funds.

License and Registration of TauruzFX

Tauruzfx.com License and Registration Status

TauruzFX is not a licensed entity and faces a ban from the Financial Commission. With the warning, it means the regulator has been receiving several complaints from investors. So it’s best to stay away from it or else risk losing your funds.

Pros and Cons of Tauruz FX

Professional Consultant

The VIP account claims to offer professional consultants who they fail to mention. Unfortunately, there’s no mention of any name that we can confirm is a professional consultant. The platform shouts anonymity from a mile away.

Support

Another reason to doubt the platform is their client support avenues. There’s no direct access to client support which is a bother. You should be able to reach out to investors at any time. The platform only uses virtual phone numbers and unknown physical addresses.

Trading platform

According to the homepage, the platform offers mobile trading. It means you can trade on the go with their custom-made platform. Although slow at executing trades, it does offer some amazing tools such as advanced charts.

Tauruz FX Mobile Trading Platform

Why we Doubt TauruzFX

Here are the reasons why we doubt the credibility of Tauruz FX;

  • High depository amounts on all accounts
  • Lack of transparency when withdrawing funds
  • The ban from the Financial Commission

Bottom line

We have to add Tauruz.com to our blacklist. So make sure you avoid platforms blacklisted by regulators.

To find out which platform works best, they have to be tested by industry experts. These are the platforms that guarantee your safety when investing.

Feel free to leave a comment or email us with any queries.

Naabiae Nenu-B is a Medical Health Student and an SEO Specialist dedicated to flushing the web off fake news and scam scandals. He aims at being "Africa's Best Leak and Review Blogger" and that's the unwavering stand of Xycinews Media.

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Is Elon Musk’s Remark to #Hashledger Is Implying to #Hedera? Is This a Big Catalyst for HBAR Price?

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Hedera momentum is building, and with Elon Musk’s mention of #hashledger at the B-word event, it appears like the Hbarians’ celebration is just getting started. Elon Musk was referring to Hedera, as confirmed by a tweet from a founding member of the HBAR community.

HBAR is a cutting-edge technology that is being used by businesses all around the world. Hedera has grown to become one of the largest crypto networks in the world. As additional transactions are added to the network, the speed of transaction verifications rises, but it remains entirely undetected. It’s big and has a lot of uses, and it’s one of the big players. 

Also Read : Elon Musk Reaffirms Support For Bitcoin in the B-word Event, Markets Sentiments Turned Bullish!

HBAR Price Analysis

Although the HBAR price is currently bearish, the cryptocurrency price began surging at the start of 2021, and the positive trend lasted until mid-March when it reached an all-time high of $0.45. The currency failed to break through the all-time high price in April before entering a bearish trend that has lasted till today even though the asset was seen trading in the green zone in the past week.

Hbar closed the day at $0.17. Hbar is currently trading at $0.16, after a bearish start to the day. In the previous 24 hours, the price of HBAR has risen 2.51%. Currently, Hbar must avoid the key initial support level of $0.15, which is followed by $0.14 and $0.13. The biggest resistance level on the upside is $0.20, followed by $0.25. As long as it retains a critical support level, HBAR will resume its bullish trend. 

Since its ATH, the lowest price was $ 0.139984. (cycle low). Since the last cycle low, the highest HBAR price was $ 0.212739. (cycle high).

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Polkadot Will Compete with Ethereum to Reach a Price of $100, Expects Industry Veteran

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Crypto-fintech expert and industry veteran Keith Bliss, the president of fintech solutions provider company Capital2Market, believes that Polkadot, the ninth-largest cryptocurrency in the market, may witness significant growth in the next three years

Keith Bliss: A Veteran in the Industry

Keith has remained associated with the fintech industry since the late nineties. At the beginning of his career, he sold time-order-management systems. The large buy-side asset managers were Bliss’s clients. Gradually he moved on to the dealings of electronic trading systems. These systems created a link between the institutional buy-side players and the sell-side players, facilitating seamless equity transactions for Wall Street. 

Bliss has been a witness to the fintech industry’s gradual growth. His experience in the industry makes him optimistic about the evolution of cryptocurrencies and the process of asset tokenization. But his reasons to believe in Polkadot’s potential growth story go far beyond the general hopefulness around the crypto industry.

The Factors Driving Polkadot’s Growth

Keith believes that Polkadot will grow in the imminent future as a competitor to Ethereum. To back his claim, Bliss cites the growing inclination among developers to turn to Polkadot as a foundation for building their platform. But why is it so? 

As we know, Ethereum, unlike Bitcoin, is seen more as an enabler of application development than as a store of value. Its smart contracts and other technological benefits have immensely helped DeFi to grow in applicability and usage. Yet, when developers develop something on Ethereum, the additions get coded right onto its blockchain. With a growing number of applications, these coded additions stunt the transaction speed of Ethereum and take a toll on its scalability. 

Polkadot solves this problem through its bridges. Polkadot can connect with other blockchains through bridges. Such a bridging system allows developers to work with their applications without building right into Polkadot’s main blockchain. Resultantly, Polkadot retains its scalability. However, Bliss does not believe that these advantages would make Polkadot replace Ethereum, as Ethereum already has a much higher adoption rate and is working on future upgrades. But, Polkadot will emerge as one of the strongest competitors of Ethereum. 

Estimating the Future Price of Polkadot

On one hand, Polkadot is a new entrant in reputed exchanges like Coinbase. It also does not have products like Ethereum ETFs or ethereum futures. But, at the same time, it has parachains, independent blockchains that connect to and run off its network. These parachains can attract developers in bulk to turn towards Polkadot as their preferred DeFi application protocol. As the developer pool grows, the Polkadot ecosystem can continue to prove that it’s here for the long term.

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Altcoins To Surge Nearly 80% To 150% In Upcoming Bull Run!

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The crypto space is experiencing a huge roller coaster ride nowadays and the previous day surge was the phenomenal one. Amid the B-Word Event, the Bitcoin price gained a notable push and the other altcoins also ranged above the levels. Currently, the Ethereum price is all set to propel high with notable gains. However, the second half of 2021 is expected to be more fruitful.

It is a known fact that the crypto market flows with the BTC price and hence a substantial jump could ignite the altcoin market. Currently, the price is attempting hard to break the immediate lower high above $33,000. And later the rally above $35,000 seems to be imminent which could ignite the price to head towards $40,000. The price needs to sustain above these levels and this is when the altcoins could rise more than 80%.

The bitcoin price received some bullish moves from the event. The price was pushed to $32,600 and before it could register new highs, a strong rejection wick hindered the uptrend. Currently, the price is trying to hold above $32,000 and in order to continue with a bullish momentum, the price is required to smash $33,000. 

btcchart

Despite a substantial push, the price still failed to smash the upper trend line and initiated a consolidation. The rectangle box signifies crucial ranges to hold on to in order to propel further. The altcoins like Ethereum(ETH), Cardano(ADA), Stellar(XLM), Polygon (MATIC), XRP, AAVE, etc and many more could record a series of double-digit gains in the coming days. 

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