FX and CFDS Taurex retail has issued a statement (see full text below), facing what it calls false allegations against it, including issues of fraud and withdrawal, as well as calling a number of unauthorized sites falsely mislead them.
Taurex was redefined by Zenfinex in late 2023, although the team has maintained the Zenfinex brand for institutional business and liquidity businesses (on the website Zenfinex.co.uk). The company was first founded in 2017 in the United Kingdom by Dubai CEO Nick Cooke, former FXCM and LCG manager. Taurex/Zenfinex received the FCA authorization in March 2019. Taurex is a majority controlled by Oscar Hilt Tatum IV, a citizen of Saint Kitts and Nevis now inhabited by the UAE and executes offshore Ipoint Capital Partners.
The full text of the statement issued by Taurex follows below.
Dealing false claims and unauthorized websites
Taurex statement about fraudulent websites and misinformation
In Taurex, integrity and transparency are at the core of all we do. We have identified multiple unauthorized sites (taurexjp.com, taurex3vvip.com, taurex1vvip.com) falsely mislead themselves as taurex connected. We want to make it clear that these websites are not connected to our company in any way.
In addition, there have been misleading electronic positions that spread false allegations of Taurex, including claims on fraud and withdrawal. We categorically independently of these claims. Taurex is an adjustable entity that works with complete transparency.
We also want to reiterate that Taurex does not accept customers from Japan, as clearly refers to the denial on our official website. Any entity or person claiming to offer Taurex services in Japan operates without our authorization.
Protection of yourself
To protect your funds and your personal information, we strongly urge all customers:
✅ Verify official communications only through our legal website and channels.
✅ Be careful about fraudulent platforms abusing the name Taurex.
✅ Contact the official support team with any concerns.
For accurate information, visit our official website: www.tradetaurex.com