Retail FX and CFDs broker Taurex has issued a statement (see full text below) addressing what it calls false claims being made against it involving fraud and withdrawal issues, as well as naming a number of unauthorised websites falsely misrepresenting themselves as affiliated with Taurex.

Taurex rebranded from Zenfinex in late 2023, although the group has kept the Zenfinex brand for its institutional brokerage and liquidity business (at website zenfinex.co.uk). The company was originally established in 2017 in the UK by Dubai based Group CEO Nick Cooke, a former FXCM and LCG senior sales executive. Taurex/Zenfinex received FCA authorization in March 2019. Taurex is majority controlled by Oscar Hilt Tatum IV, a Saint Kitts and Nevis citizen who now resides in the UAE and runs offshore investment firm iPoint Capital Partners.

The full text of the statement issued by Taurex follows below.

Addressing False Claims and Unauthorised Websites

Taurex Statement on Fraudulent Websites and Misinformation

At Taurex, integrity and transparency are at the core of everything we do. We have identified multiple unauthorised websites (taurexjp.com, taurex3vvip.com, taurex1vvip.com) falsely misrepresenting themselves as affiliated with Taurex. We want to make it clear that these websites are not connected to our company in any way.

Additionally, there have been misleading online posts spreading false claims about Taurex, including allegations of fraud and withdrawal issues. We categorically deny these claims. Taurex is a regulated entity that operates with full transparency.

We also want to reiterate that Taurex does not accept clients from Japan, as clearly stated in the disclaimer on our official website. Any entity or individual claiming to offer Taurex services in Japan is operating without our authorization.

Protecting Yourself

To safeguard your funds and personal information, we strongly urge all clients to:
✅ Verify official communications only through our legitimate website and channels.
✅ Be cautious of fraudulent platforms misusing the Taurex name.
✅ Contact our official support team with any concerns.

For accurate information, visit our official website: www.tradetaurex.com