iTaurux (Itaurux.com) is another CFDs, Crypto Currency and Forex brokerage scam platform. I Taurux is professing to offer CFDs, Crypto Currency, Indices, and shares. By claiming to also offer Social Trading robots, these scam artists are targeting newbie investors. Most members are crying foul after having their accounts frozen for no reason. Is it really the opportunity you’ve been waiting for? Read this honest ITAURUX Review and get the truth.
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Members have gone to the web to show their frustrations with scathing comments. Some members decided to contact us via email with shocking details of how they were treated. iTaurux is nothing but another rotten online Crypto trading platform which we must expose. Scam artists have decided to target unsuspecting investors by cloning trading websites. It is our duty to protect and defend the integrity of the Crypto trading world. Stay away from this platform as they are simply looters.
Investors fall for empty claims and promises and this is what professional scam artists use. Professional scam artists will promise to get you easy and quick profits if you just sign up. Sign up process is fast and will only take five minutes. You will be required to give out your full details including your address and contact. A problem with ITAURUX is they are using these details for other reasons. It turns out these scam artists are selling personal data to third parties.
Disclaimer at the footer of their homepage does not reveal much information regarding ownership. What they do post is vague details such as being regulated by the National Bank of Georgia. Scam artists who target European investors make sure they associate their platforms with European based companies. And this is what iTaurux is doing by claiming to be regulated in Georgia. Sadly, there is no proof to validate this claim as we will reveal in the details below.
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Another perturbing issue with this broker is how anonymous they operate. No one knows any names of founding members or people running this website. If you don’t find this odd, you are in the wrong planet. Investors are opening accounts with an unknown third party which makes it unsafe. For all we know, these could be offshore brokers who are targeting European investors. Trading safely requires you to know who you trust with your funds, certainly not ITAURUX.
As we mentioned above, they claim to be licensed by the National Bank of Georgia. The bodies include COSNOB, CySEC. ESMA, FCA, and FSA. After we contacted the above regulatory bodies, they all claimed to never have heard of this platform. Professional scam artists will do or say anything to ensure their platforms appear legit. And these scam artists have done so by posting random registration numbers.
Looking at their entire website, there is no valid document which proves they have been dully licensed. A real broker will post details of their registration for all to see. By doing so, they show transparency and gives investors a chance to validate the documents. Scam artists will simply post a random number and hope no one investigates. Thanks to our years of trading experience, we know how to spot a scam from a mile away. Due to such risks, ensure you always validate licensing details.
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After checking how they offer their services, we could not find any advantage. The internet is full of negative comments which make this platform untrustworthy. Having no valid license or recognition from leading European regulatory bodies leaves many questions. It certainly does not look to be anywhere near a real brokerage site. We have also found some other scathing reasons not to join this platform. Continue reading and find out some features which make it a scam.
iTaurux offers five different account types to choose from. Accounts are named Micro, Standard, Classical, Professional, and Institutional. The first anomaly we noticed with this platform is having a high minimum deposit requirement. Basic account which is Micro charges users $500 to start trading. I Taurux is openly defiling set industry regulations and rules. It is why they can’t get a valid operating license.
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Another concern is with their demo account; it is simply producing insane profit margins. And these scam artists have taken advantage of this and created a rigged demo account. Their demo account is making insane profit margins of over 98%. It is a way of enticing users to sign up with a real account hoping to mirror same trading results. Remember a demo account uses virtual money which is not real.
Depositing funds with this broker is easy and fast, depository channels can be accessed by anyone. Some of the depository channels include MasterCard, PayPal, Skrill, UnionPay, and Visa. Account funding takes less than five minutes which ensures these scam artists get your funds quickly. The problem with ITAURUX is refusing to grant users access to their funds. Withdrawing funds has become a major letdown when it comes to trading with this platform.
According to their homepage, iTaurux is furnishing users with two types of trading platforms. MT4 and XStation platforms are being used to trade. A huge problem with their second type of platform is stability. Ensure you stay away from unstable platforms.
How can funds be safe with a broker who fails to secure their website? A closer look at their website reveals lack of even the most basic of security protection. And they have extended this shocking trait to their trading platforms. Merging assets in one account is risky as users will lose their funds once bankruptcy and insolvency sets in.
iTaurux is a scam, there is no doubt a out that. Protecting investors is the reason why we are pointing out the dangers of trading with this platform. Mark all their emails as Spam and ensure you warn your family and friends from signing up. Stay away from this platform or else become their next victim.
Adding this broker to our scam blacklist will help protect our readers. Stay away from this brokerage firm. For any details, make sure to read our reviews and get all platform reviews.
Another successful way of making real and stable profits is by using industry tested robots. Forex robots with a proven track record are what make trading fun and profitable. Go for transparent and vetted robots at all times.
Wishing all investors a happy and prosperous trading experience.
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