Itaurux.com Review Is iTaurux A Legit Forex Broker

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Itaurux.com Review: Is iTaurux A Legit Forex Broker?

Teach yourself in our interactive academy

Invest now and a personal assistant will explain the trading technology

Teach yourself in our interactive academy

Invest now and a personal assistant will explain the trading technology

Know the Current Market

Invest with the confidence of knowing the main cryptocurrencies, currencies, indices, commodities in the form of CFDs and shares from large companies. Invest in financial markets with iTaurux technology, it’s the opportunity you’ve been waiting for.

An assistant will explain step by step and offer you a Welcome Bonus.

The most awarded Trader Technology

Operate now with more than 700 financial instruments for you to choose from. Thanks to the possibility of using your smartphone, there are many more successful cases, offering access at any time and anywhere to avoid losing any interesting investment opportunity.
iTaurux offers the two best platforms for traders:

Get the security of operating in Xstation5, awarded as the best trading platform.

The fastest and easiest trading platform, MT4 marked a new direction and today continues to do so.

Come to iTaurux now

iTaurux is the best broker for both beginners and experienced traders.

Peronalized
Attention

We work day by day to focus on our customers, offering the best support, regardless of what investment you make.

For
new traders

Support for all new traders, where training on the operation of Social Trading Robots technology will be carried out.

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For
experienced traders

There are great reasons for experienced traders to choose iTaurux, and we are not the ones to claim it is so, but our clients.

Starting to operate with iTaurux is that simple

1. Registration

Open your account on iTaurux or ask for the help of a personal assistant.

2. Deposit

Make your initial deposit and get the best Welcome Bonuses.

3. Preparation

An assistant will show you the iTaurux technology and you can practice in DEMO.

4. Operate

It’s ready! Perform trading operations with more than 850 instruments.

We accept requests

Legal and Risk Warning:

ITAURUX.COM is a brand owned by Itaurux. ITAURUX operates with License and Certificate Number 143/3276 of Equux Holding LLC (International Financial Company) regulated by the Ministry of Finance and by the National Bank of Georgia.

Forex and CFD´s are complex instruments and are associated with a high risk of losing money quickly due to leverage. You should consider whether you understand the operation of the negotiations in Forex and CFD´s and if you can afford to assume a high risk of losing your money. All operations carry risk.

See our risk warning. The English version of our communications and the content thereof is the official version among the authorized parties and is the only version that will prevail for legal purposes. The information on this website is not intended for residents of the United States, nor is it intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use is contrary to local laws or regulations, ITAURUX It does not accept clients under 18 years of age.

Itaurux.com Review: Is iTaurux A Legit Forex Broker?

iTaurux Review: this is the name of a Forex broker that offers a trading technology for traders to use in the markets. Is Itaurux.com a scam Forex broker? Many Forex brokers exist these days and it is important to know which is safe or not. Read this review to know more about this company.

The most vital part of our reviews is the uncovering of if a company or Forex broker is properly licensed or not. To do this, we first establish the location or region where it claims to be based. Then we check with the commission or authority regulating trade there whether it is listed among regulated companies or not.

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iTaurux mentions on the website that it is located in Georgia as Itaurux S.A. and is regulated there. When we checked it mentions that the National Bank of Georgia (NBG) oversees its activities. This turns out to be true and we find this reassuring to some degree.

Although the restrictions and rules placed on brokers by top European commissions are higher. This is why traders always prefer brokers licensed under these commissions. However, some sort of regulation is better than nothing.

Advantages of iTaurux

The broker promises clients that one of their advisors will guide them each step of the way. A large portfolio of major trading assets is offered. Also, they get to use many means of making deposit and withdrawals.

It is common for Forex brokers to start out with claims of making clients richer. This is because everyone seeking out easier ways to trade effectively does so to make more profit.

However, traders need to be careful about believing everything they encounter in the business sphere. Some are geared to just deceive and steal their funds. Considering what is offered and proofs are effective means of discovering fraud as well as reading our reviews and comparing the offers to those of other legit brokers at the bottom of this article.

Although experienced traders are welcomed, beginners too can use it. There is “personalized attention” available to help them become better traders.

iTaurux Trading Platform

iTaurux offers traders the MT4 trading platform. We advise readers and traders to always look out for the MT4 or MT5 platforms. The MetaTrader platforms are commonly used because they allow the use of trading robots.

Legit brokers are known to offer at least the popular MetaTrader 4 or 5 trading platform.

These platforms are very good signs as they have become some of the most widely used by experienced traders. They are found to be compatible with various devices’ operating system. All can be used on desktops, Linus, windows, iOS and Android.

Tools that comes with these trading platforms are also found to be useful for traders. It has proven to be user friendly as well and helps traders in analyzing the market easily.

Trading instruments offered to traders are: cryptocurrencies, currency pairs, indices, CFDs on commodities and shares from large companies. We know that legit brokers offer currency pairs, indices, CFDs on many commodities and cryptocurrencies. It is important to let traders know the options open to them.

Maximum leverage offered to clients is not mentioned. It is important to know this because some may seem generous, it is not advisable. High leverages can lead to huge loss of funds as well. Spreads are not disclosed on the EURUSD pairs.

Spreads of 1.5 pips or below are what is obtainable in the forex industry and traders are asked to look out for this. Leverages of between 1:30, 1:50 and 1:25 are also common among regulated brokers.

Deposit and Withdrawal methods on iTaurux

The means that traders are to use to make deposits and withdrawals are: VISA, MasterCard, Bank Wire, Neteller, Skrill, Yandex, and UnionPay. It is encouraging to see e-wallets mentioned among these options.

This is because standard and legit brokers make deposit and withdrawals available via Visa, MasterCard and Wire Transfer. Many offer e-wallets like: Skrill, Neteller, UnionPay, FasaPay, and so on.

Minimum deposit required is $500 which is higher than the obtainable of average of $100 to $250 that is common among legit brokers. Withdrawal fees are not mentioned and this may be because they do not apply. However, we will appreciate it if this is stated.

There is a welcome bonus offered to traders on making deposits. We find this to be more of a disadvantage because bonuses are commonly used to tie down the funds of clients by scam brokers. They attach ridiculous and unattainable withdrawal conditions after giving traders bonus.

This information is important so that clients can invest any little amount they can spare. In order to be able to first watch the working of the brokerage. If then they are satisfied with what they see, they can determine when to withdraw their money.

Is iTaurux Licensed?

Yes, we find that iTaurux is regulated by the National Bank of Georgia. There are some regulations placed on brokers under this authority. The restrictions may however not be as tight as those placed by other European commissions.

Regulated Forex brokers in Europe, America, Africa, Australia, and Asia are under many strict rules. The regulatory bodies like the FCA, FSCA, CySEC, AISC, NFA and many others have regulations protecting Forex traders from unfair brokers. This is why they come top as recommended Forex brokers.

Support

To contact the broker or a representative of the customer service, we find no means made available on the website.

Conclusion

iTaurux has some regulation and this is an advantage. But the minimum deposit requirement is higher than average and not encouraging. Trading conditions are not disclosed and the welcome bonus is discouraging as we pointed out. If you have anything to say about this broker, do so in the comment section.

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iTaurux Review – is itaurux.com scam or good forex broker?

Trading Accounts and Conditions

Trading account Min. deposit Max. leverage Spread
Micro $500 N/A N/A
Standard $1 000 N/A N/A
Classical $10 000 N/A N/A
Professional $50 000 N/A N/A
Institutional $250 000 N/A N/A

iTaurux says to be a Georgian broker, which offers trading in forex and CFDs on two great platforms. Yet, it fails to specify essential parts of its offer, and we couldn’t test any of the platforms, so we cannot comment on the trading conditions.

iTaurux Advantages

Regulated in Georgia

According to the information on their website, ltaurux is a trading name of ltaurux S.A., which operates with license and certificate number 143/3276 of Equux Holding LLC, a firm regulated by the National Bank of Georgia (NBG).

Click on the image to view larger.

The NBG indeed has some supervisory functions regarding the banking and non-banking financial sectors in the country, and is also in charge of granting foreign exchange and asset management licenses to brokerage companies.

In order to get the license a company should either be locally incorporated or should have a subsidiary, incorporated in the country. Besides, it should also have a minimum capital paid in the amount of at least 500 000 Georgian Lari.

MT4 and xStation5 available (allegedly)

Another possible advantage of iTaurux is that they offer trading on two ground-breaking platforms – the ever popular MetaTrader4 (MT4) and xStation.

xStation is a platform developed by X Open Hub that is based on open-API XOH Trader . It is user-friendly, customizable and equipped with advanced charting package. xStation also features one-click dealing and the ability to deal straight from the chart. Multiple Account management (xMAM) and social trading (xSocial) solutions are also available within the platform.

The MT4 hardly needs an introduction. This internationally acclaimed trading terminal offers a full spectrum of trading tools and resources. In addition, the platform is equipped with a wide range of Expert Advisors (EAs) and extensive back-testing environment, so traders can download ready-made or create their own EAs and let the program do all the work.

iTaurux Disadvantages

Looser regulation (if any)

Although iTaurux claims to be regulated in Georgia, it seems that they don’t have a license of their own, but act as a representative of a regulated company. Besides, we couldn’t find a list of the firms authorized to operate as foreign exchange dealers in Georgia on the website of the regulator, at least not in English.

We also should note that, while Georgia is not an off-shore zone, it is not a fully developed market economy either. The legal environment is most likely better than the ones in some off shore zones, but still slightly looser than that in the European Union members.

Trading conditions not disclosed

As we already mentioned, this broker has not announced any relevant trading conditions, other than the minimum investment amounts required for the various trading accounts. So, potential clients of iTaurux are unaware what their trading costs would be, what are the maximum leverage levels provided, whether there are any additional transfer fees, etc. That is why the lack of such essential information is viewed as huge negative.

That being said, most brokers offer spreads within the range of 1.0 – 1.5 pips on EUR/USD.

Couldn’t open a demo

Furthermore, we couldn’t open a demo account with iTaurux, which is another worrisome sign. All decent forex brokerages are transparent about their services and pricing, and offer free testing service.

Conclusion

iTaurux is a Georgian broker, whose offering is far from being transparent. Besides, we couldn’t verify that they are really licensed in Georgia. All this inclines us to believe that one could find better trading intermediaries.

We always advise our readers to select very carefully their forex broker. It is best to choose among companies regulated by trustworthy regulators, such as the UK’s FCA, CySEC in Cyprus, or Australia’s ASIC. It is also a good idea to check the broker’s name in the web to see whether there are any complaints or warnings against it.

And finally, here are the highlights of the present review of iTaurux:

Pros Cons
Regulated in Georgia Looser regulation (if any)
MT4 and xStation5 available (allegedly) Trading conditions not disclosed
Couldn’t open a demo
Hign initial deposit
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

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