Taurum Broker Review: Client Deception and Impossibility of Withdrawal of Funds
Taurum (taurum.ai) is a broker that promises clients innovative trading technologies, access to a wide range of assets, and low commissions. The company’s website features attractive offers for traders of all experience levels, as well as confident statements about the transparency and reliability of the platform.
About the Taurum broker
Taurum does not have a license from well-known financial regulators. This is the first warning sign, since legal brokers always operate under the control of organizations such as the FCA, CySEC, or ASIC. The lack of regulation means that the company operates outside the legal field and is not responsible to its clients. Another alarming point is the lack of specific information about the company’s owners and its legal address. Fraudulent brokers often hide this data to avoid liability and make it difficult for clients to file a complaint or get their money back.
Trading conditions and real risks
The Taurum website offers various account types with attractive trading conditions, including bonuses, low spreads, and fast withdrawals. However, in practice, clients face a completely different reality.
The main problems reported by traders are:
- Quote manipulation – trades are closed at a loss, even if the market was moving in the right direction.
- High hidden fees that were not specified when opening an account.
- Unexpected “technical failures” on the platform, leading to the loss of the deposit.
There are also complaints that the broker actively imposes additional investments on clients, promising a guaranteed profit. However, after depositing large amounts, traders either lose money due to artificially created losses, or are unable to withdraw it.
Problems with withdrawal of funds
One of the main problems with Taurum is the inability to withdraw money. This is a typical feature of fraudulent brokers that lure clients with promises of easy money, but then do everything possible to prevent them from taking their funds.
The broker’s clients face the following problems:
- Constant refusals to withdraw money under various pretexts.
- Demand to pay additional fees before withdrawal.
- Complete blocking of the account after submitting a withdrawal request.
Some users report that after making a deposit, the support service stops responding to them. If the broker ignores requests and does not allow withdrawal of money, this is a direct sign of a fraudulent scheme.
Taurum Customer Reviews
Reviews of Taurum on the Internet are mostly negative. Clients complain about the lack of transparency, the inability to withdraw funds, and inadequate operation of the platform.
On financial forums and review sites, you can find complaints from users who have lost money due to the actions of the broker. Many of them say that the broker lures newcomers with aggressive advertising, promising quick income. However, in practice, after making a deposit, the trader faces constant problems and the inability to return their funds.
There are also reports that the broker continues to call clients and convince them to deposit even more money, even if they have already lost funds. This is a standard fraudulent scheme aimed at pumping out as much money as possible from gullible investors.
Conclusion
Taurum is a broker that shows all the signs of a fraudulent project. The lack of a license, problems with withdrawing funds, manipulations on the platform and a large number of negative reviews indicate that cooperation with this broker is extremely risky.
If you want to save your money and avoid losses, choose only proven brokers with a good reputation. Do not trust companies that hide information about themselves and use aggressive marketing tricks.