Zenfinex Global Limited regulated by the Financial Services Authority (FSA) of Seychelles (SD092)
Find answers to all your questions about trading with Taurex.
A swap is an overnight fee that may be charged or credited when you hold a position open past the end of the trading day (typically 21:00 GMT). It reflects the interest rate differential between two currencies in a forex pair, or other costs associated with the underlying instrument.
A swap-free account allows you to hold trading positions overnight without incurring swap fees or charges. Originally designed for traders who follow Islamic finance principles, swap-free accounts are also available to those who simply prefer to avoid overnight interest adjustments.
The default swap-free period is 10 days. However, there are region-specific swap-free periods in Malaysia and Thailand, where traders can benefit from swap-free conditions for up to 30 days.
To open a swap-free account, please register for a Taurex trading account and contact the Taurex support team at [email protected] to request the swap-free option.
If a position remains open beyond the swap-free period, a fixed swap fee will be applied daily until the position is closed. This fee is outlined in our account rates spreadsheet and is not applied retroactively.
On MT4 platforms, the fee will appear as a Swap Charge, while on MT5 platforms, it will appear as a Balance Operation.
For certain excluded symbols, the fixed fee applies from the very first day the position is opened. Once triggered, the fixed fee is applicable to long, short, and hedged positions.
Yes, Taurex applies Admin Fees, which are updated regularly and may vary depending on your country of residence.
You can find our latest swap rates on our trading platform. Swap rates posted on our platform are indicative rates and are subject to change based on market volatility.
To view the rates on the MetaTrader platforms:
Taurex is the trading name of Zenfinex Global Limited. Zenfinex Global Limited is part of a group of affiliated companies operating in multiple jurisdictions.
In the Seychelles, Taurex is the trading name of Taurex Global Limited, regulated by the Financial Services Authority in Seychelles (license number SD092). Its registered office address is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and its physical office address is Unit G, F28 Eden Plaza, Eden Island, Republic of Seychelles.
Zenfinex Global Limited is the issuer and seller of the financial products described or available on this website.
In the United Kingdom, Taurex is the trading name of Taurex Limited. Taurex Limited is a company registered in England and Wales under registered number: 11077380. Authorised and regulated by the Financial Conduct Authority under firm reference number 816055. Its registered office is 4th Floor, 4 Eastcheap, London, EC3M 1AE, United Kingdom.
Risk Warning: Trading financial instruments, particularly those involving leverage, involves a substantial degree of risk and is not appropriate for all investors. The value of your investments can rise or fall sharply, and it is possible to lose the entirety of your invested capital. Leveraged products, in particular, amplify both potential gains and losses. Before engaging in such trading, you must assess your financial goals, experience level, and appetite for risk. It is your sole responsibility to ensure that you understand the mechanics and risks of trading, including margin requirements, and to seek independent financial advice where appropriate. Do not trade with funds you cannot afford to lose. Nothing in this site should be read or construed as constituting advice on the part of Taurex or any of its affiliates, directors, officers or employees.
You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any trading activity or engaging in copy trading. Nothing in this site should be read or construed as constituting advice on the part of Taurex or any of its affiliates, directors, officers or employees.
Clients must be at least 18 years old to use Taurex’s services.
Residence: The information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Belgium, Japan or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Taurex is the trading name of Zenfinex Global Limited, registered in the Republic of Seychelles.
Registered Office Address: F20, 1st Floor, Eden Plaza, Eden Island, Seychelles, and its physical office address is Unit G, F28 Eden Plaza, Eden Island, Republic of Seychelles.
Regulated by the Financial Services Authority under license number: SD092
Registration No: 8428731-1
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