Is Taurus Arena a Legit Platform for Futures Trading?

Futures trading has become a hot topic in the crypto world. Every trader now and then is looking for a reliable platform for passive income.

One such deep pool that has been making waves is Taurus Arena. But is it truly legit? Is it really a genuine platform that trader can trust with their investments? 

Well, let’s get into what Taurus Arena has to offer to its traders, as well as its regulations, security measures, and trading features, to see if it’s worth your time and money.

What is Taurus Arena?

It is a digital asset futures exchange where users trade digitally. It doesn’t matter if you are a new or experienced trader; they offer advanced trading tools, competitive pricing, and an easy-to-use interface.

If you want to enter the world of cryptocurrency, spot trading is one of the easiest and most popular methods where you just buy and hold your assets. 

But do you know about Taurus Arena? They enable you to wager on price changes through contracts, which can help you potentially gain whether the market is rising or falling.

It’s an excellent method for buyers and sellers of various cryptocurrencies to make profits from market fluctuations!

Is Taurus Arena Regulated?

Do you know what any important aspects of any work are? It is regulation. But why? Because the regulatory climate is what helps to ensure a platform is abiding by legal guidelines, providing its users with a safer trading experience.

Taurus Arena, the Swiss-regulated global leader in digital assets, has been named “Best Digital Assets Solution” at the prestigious Global BankTech Awards 2024 – the premier awards program for the fintech industry.

This means it’s a legal platform, but investors need to remain careful when trading on platforms.

If Taurus Arena got into some kind of legal difficulty or got into financial trouble, users are well-protected due to these regulated exchanges.

Security Measures By Taurus Arena

Security is one of the most important paramount that you must not compromise on at time of dealing with online trading platforms. 

Taurus Arena claims to apply industry-standard security protocols to protect users’ funds and personal data. Some of the key security features that every platform must take care of are noted below:

Two-factor authentication (2FA): Users can enable 2FA to add an extra layer of security while logging in or conducting transactions.

Cold Wallet Storage: Most users’ funds are kept in cold wallets, hence less exposure to online hacks.

Encryption Protocols: The system uses SSL encryption to protect sensitive data from hacking.

Anti-Phishing Protection: Taurus Arena has alarm systems to guarantee that users are aware of phishing attacks and can avoid them.

While these features are reassuring, it is always safer for traders to do more, such as use strong passwords and put in place whitelists for withdrawals.

Trading Features and Tools

This space features a number of trading tools and features to make the experience more enjoyable for new and experienced traders.

Available futures contracts

Taurus Arena gives you access to enjoy number of futures contracts, including the one with no expiry date and perpetual contracts, meaning traders can leave positions open for an indefinite time period.

Secondly, the standard futures contracts that have pre-determined expiry dates with settlement on expiry.

Plus those Crypto pairs that are popular market pairs like BTC/USDT, ETH/USDT, BNB/USDT, etc.

Leverage and Margin Trading Options

For those who want to boost their profits, Taurus Arena also offers up to 100x leverage on some assets. Well, here is more risk involved, like liquidation, so sound risk management practices are way too essential.

Taurus Arena offers cross-margin and isolated margin trading, giving its users flexibility while working with their capital and taking on risks.

Technical Analysis Tools and Indicators

When you are about to make any decision for trading, here you’ll be aided by Taurus Arena as it implements the following set of technical indicators:

Moving Averages (MA) – Hinted to show market trends.

Relative Strength Index (RSI) – Measures market fluctuation.

Bollinger Bands – Helps to determine price ups and downs.

Fibonacci Retracement – This can be applied in determining potential support and resistance levels.

These tools help traders to analyze trends in the market and forecast future price action.

Order Execution Speed and Liquidity

One of the scariest worries for traders is order execution speed. Slow order execution can result in missed opportunities or slippage, which ultimately impacts profitability.

It’s a proud moment for Taurus Arena to have a fast matching engine, which facilitates rapid and seamless trade execution.

Plus, its liquidity is announced to be robust, reducing the risk of price manipulation and providing tighter spreads to traders.

Fees and Customer Support

Fees and customer support can make or break your experience. No one enjoys surprise fees or constant, unresponsive customer support when something goes off the mark. So, where does Taurus Arena stand on these fronts? Let’s have a look at this too.

Trading Fees and Commissions

Taurus Arena is a maker-taker model, which means:

Makers (liquidity providers) pay smaller fees because they help maintain market liquidity.

Takers (those fulfilling market orders) are charged marginally higher fees as they remove liquidity from the order book.

On average, Taurus Arena trading fees are anywhere from 0.02% to 0.05% depending on the contract type and volume of trade you are about to make.

The higher you’re trading, the less expensive your fees so bigger-volume traders enjoy lower fees.

Pro tip: If the platform natively supports a token, using that might yield a fee discount. You just keep an eye out for promotions!

Deposit and Withdrawal Charges

Best of all, crypto deposits in Taurus Arena are usually free. Fess, however, are levied on withdrawals based on the withdrawn asset.

For example:

BTC withdrawals may have an average network fee. Whereas, USDT withdrawals can also differ based on the blockchain (ERC-20, BEP-20, TRC-20).

Because gas fees for blockchain are volatile, it’s never a bad thought to double-check withdrawal fees before cashing in. You must also check the minimum withdrawal fees on other platforms, too.

Hidden Costs or Potential Pitfalls

Though this space uncovers most fees, there are a few potential cost pitfalls to watch out for:

Inactivity fees: When you are inactive for several days, some sites will charge you for your inactivity so it’s better to constantly review the terms.

High spread on low-liquidity pairs: When trading a low-liquidity cryptocurrency pair, you can expect wider spreads, which will affect your profits.

Funding fees on leveraged positions: If you keep up a leveraged position for a long period, you might end up with some funding fees.

To stay in loops and avoid any surprises, it’s a good idea to read the fine print and stay up-to-date with any fee changes.

Pros and Cons of Trading on Taurus Arena

Every trading platform has its strengths and weaknesses, and Taurus Arena is no exception. While it offers advanced tools and low commissions, regulation problems, withdrawal issues, and customer support problems are some negatives.

So, let’s weigh the advantages and disadvantages and determine whether it is right for you.

Pros

Taurus Arena has many advantages that attract traders, especially futures traders.

Advanced trading tools

The most important advantage of Taurus Arena is its advanced trading tools that are appropriate for both locals and experts.

The features include various technical indicators like RSI, MACD, and Bollinger Bands. 

There are custom charting options to analyze market trends. Numerous order types, like stop-loss, take-profit, and trailing stop orders, for your benefit.

It also offers a high-speed trading engine that offers rapid order execution with minimal slippage.

Competitive Fees

No one likes paying unnecessary fees, and this platform understands this. The platform offers you low fees for makers and takers (0.02% – 0.05%), making it cost-effective for active traders. 

There is no deposit charge for cryptocurrency deposits. While, with some of the major exchanges, Taurus Arena charges very low fees, which means the profits for the traders are the highest.

Strong Security Features

Security is a serious part of the world of cryptocurrencies, and Taurus Arena does not play around with this. This employs:

Two-factor authentication (2FA) to protect trader accounts as well as cold wallet storage to reduce chances of hacking.

Due to cyber attacks and other scams, many encryption and anti-phishing capabilities protect trader information.

Although no platform is 100% hack-proof, Taurus Arena appears to place a high value on security, which is a welcome sign for traders.

Cons

Even though it has many positives, Taurus Arena has a few significant downsides that traders need to take note of.

Regulatory Concerns

The absence of outright regulatory control is perhaps the greatest red flag. Currently, Taurus Arena does not appear to be regulated by primary finance bodies like the SEC, CFTC, or FCA.

That’s why unregulated sites are at risk, and you may find yourself indulging in illegal activities.

Traders must exercise extreme caution when using an unregulated exchange, especially when trading with high leverage.

Withdrawal Issues

Withdrawal delays can be frustrating. The source of the problem could be slow processing speed, particularly on high-volume trading days, or excessively high network fees, depending on the cryptocurrency being withdrawn.

And if you have not finished verification, you will be compelled to perform additional verification requirements, incurring unforeseen delays.

Customer Support Response Time

Even though there are a number of support channels in Taurus Arena, users have different opinions regarding response time.

Mail responses can be long, especially for complex issues, and Bots reply with automatic responses, making it difficult to get individualized support.

A safe customer support mechanism is vital in trading, and this is an aspect that Taurus Arena needs to work on.

Final Verdict: Is Taurus Arena Reliable?

Taurus Arena boasts a highly impressive list of offerings for futures trading, from high leverage to advanced tools and a safe trading environment. However, the lack of apparent regulatory control raises some questions.

If you are considering trading on Taurus Arena, do your own research, start with small trades, and security precautions should be your utmost concern.

While it may be an excellent platform, traders must exercise care until they know more about its regulation and licensing.

Plus, familiarize yourself with their fee structure, and always have a backup option in case of support delays.

If you’re a tech-savvy trader who understands the risks and how to keep your cash safe, Taurus Arena could be a great choice.