Taurusbr Review – Proof Why Caution Is Advised When Choosing Crypto Platforms
Taurusbr gives off the impression of a mobile scam app immediately. The website itself is simplistic and devoid of any visually appealing elements. Although we could get over the fact how ugly and unattractive the web presentation is, this site lacks other crucial elements.
By that, of course, we mean the legal documentation and vital company information. Our Taurusbr review is here to clarify all doubts you may have about this suspicious exchange platform, so read on.
|Regulated by:||Unregulated Crypto Exchange|
|Is This Company Safe?||Unscrupulous financial service providers are in no way safe!|
|Have Warnings from:||N/A|
|Trading Platforms:||Web trader|
|Trading Assets:||Cryptocurrencies, Crypto Futures, Crypto Binary Options|
|Free Demo Account:||No|
|How to Withdraw from This Company?||Taurusbr is an unregulated crypto exchange. Contact your bank, regional financial regulator or our chargeback experts for help with Taurusbr withdrawal.|
No License To Sell Crypto
Taurusbr offers a variety of financial services related to buying and selling crypto products, leveraged trading and crypto binary options. Many of these services are banned for a reason in strictly regulated areas. Taurusbr cares about no such things, as this company is completely anonymous and operates without any kind of license.
To make sure of that, we combed through the databases of regulated crypto providers kept by FCA, ASIC, CySEC, NFA, and BaFin, but found no intel on Taurusbr. What’s more, this dubious platform reveals no particularities about their firm, so we could not even find their location and contact address and phone.
The domain ending with a “.me” would imply headquarters in Montenegro, but that means a little in terms of proper regulation, since the country does little to supervise financial providers of this kind.
In short, Taurusbr is run by an unnamed group of cyber criminals that snatch your investments at the snap of the fingers. Investments aren’t safely kept in segregated bank accounts and no reliable security measures exist.
Taurusbr is very new to the whole digital trading deal. However, they seem to be very active on various social networks, where their phone salesmen find their potential scam targets. The boiler room agents and participants in the pig butchering sorts of scams are most commonly engaged by these kinds of websites.
Pestering people to invest and, if possible, conveniently manipulating their emotions for financial gain is how Taurusbr generally acquires profit. So far, crypto enthusiasts from the following countries have been damaged the most by the activities of these fraudsters:
- United States
- South Korea
Trading Costs and Other Prices
In terms of trading commissions and pricing, Taurusbr lacks transparency. It is possible to read some values from the defunct web trader, but that doesn’t help much in learning about realistic parameters.
The leverage ratio on crypto currencies spot trading goes up to 1:100, while the trading commission and fees like Taker and Maker ones aren’t revealed. Not to mention the secrecy surrounding funding fees.
Dubious Trading Tools and Features
Taurusbr features a few options that are not covered by a cryptocurrency exchange license. Of course, Taurusbr is not regulated so they can get away with it.
One of these features is financial loans, with different daily interests depending on the selected payment period. Loans for up to 3 days incur zero interest, while 30-day loans have a daily interest of 0.054%. These high interests tell us that Taurusbr runs a loan shark scam as well.
Additionally, clients may opt to lend their funds to the company, in an investment plan akin to those found with investment firms. For this, the company offers investment returns ranging from 0.15% for 7 days to 0.21% for 90 days.
Bogus Web Terminal
Since taurusbr.me is a website developed primarily for mobile devices, it features all of the necessary trading utilities without a discrete mobile app. This may seem like a good idea at first, but the website is not very responsive, and all the important buttons are small and difficult to tap.
When it comes to trading, well-optimized specially developed software like cTrader, MT4 or MT5 is paramount. A ramshackle website found with Taurusbr is far from an ideal solution.
Banned Trading Assets
Another alarming feature of Taurusbr is leveraged trading of different cryptocurrency derivatives. Leverage up to 1:100 is advertised, which is way higher than the 1:2 crypto leverage allowed in the EEA, for instance.
One of the derivatives offered by Taurusbr is cryptocurrency binary option trading. Binary options as a whole are illegal in the EEA and many other parts of the world, which also includes crypto.
Here are the tradable assets found on Taurusbr, divided into groups:
- Cryptocurrency Pairs (BTC/USDT, ETH/USDT, XRP/USDT, LUNA/USDT)
- Cryptocurrency Futures (BTC/USDT, ETH/USDT, DOGE/USDT, ADA/USDT)
- Cryptocurrency Binary Options (BTC/USDT, ETH/USDT, SOL/USDT, LTC/USDT)
Account Tiers And Deposit Requirements
While there is only a single actual account type on Taurusbr, there are ways to upgrade it. These tiered accounts, as they are known, have become typical with scammers like RealFXPro.
More expensive accounts have access to higher trading leverage. These accounts are not what you’d call cheap:
- Leverage 5x – $50 000
- Leverage 10x – $100 000
- Leverage 20x – $200 000
- Leverage 50x – $500 000
- Leverage 100x – $1 000 000
Fake Demo Account
Even when a scammer like Taurusbr or JAFX offers a demo account, you shouldn’t take it as a sign of goodwill and honesty. It’s another case of false advertising just to make the company seem legit.
You can’t really use the allotted virtual currency for any type of speculation with Taurusbr. Everything remains locked until you cough up actual cash.
Don’t Hope For Withdrawals
All of the account funding and other transactions at Taurusbr.me are done via crypto coins. That means you’re in for a quick loss as soon as you decide to deposit your first penny. As reported by some of the Taurusbr victims, the crypto deposit you make is immediately moved out of that wallet address ASAP, leaving you with nothing.
Additionally, thanks to its anonymity and the fact that these transfers are definite, you cannot easily reverse the action. At least not without the help of a legal expert and authorities. If you find yourself in such a position, feel free to seek help from our legal support team.
Customer Support Handled By A Chatbot
The customer support on Taurusbr is handled through a chat room on telegram. This software features two-point encryption, which helps the scammers protect their identity.
If you try to connect to the customer service and seek help with your issues, you’ll be connected to a chatbot and not a real person. All the customer support agents at Taurusbr are always busy, all the time.
Conclusion on Taurusbr
It is unclear if this domain is connected to other similar sites named similarly and with services just as questionable. Either way, investing your crypto savings with this monkey business is absolutely not recommended.
If, by any chance, you’ve already made a deposit here, be sure to act before it’s too late. If you contact our support crew via the Online Chat feature, your first consultation can be booked momentarily and completely free of charge!
What is Taurusbr?
Taurusbr is a suspicious crypto service provider with dangerous trading conditions and without a proper crypto license.
Is Taurusbr a Scam Or Legit?
This site is a complete scam. If you’re struggling trying to take back your deposit from these cyber thieves, our legal experts team can help you.
How Taurusbr Works?
The scam agents fool you into depositing here and then quickly move your deposit to another wallet, locking your funds and storing them out of your reach.