Frequently asked questions

Your Questions, Met with Transparency and Expert Insight
Confidently Navigate Your Trading Path with Thaurus Guru's Detailed FAQs, Crafted to Empower Your Decisions.

If you feel it’s the right time to try out how you can trade and would prefer a demo account first, proprietary trading is here for you.

ThaurusGuru is here to introduce the services of a licensed broker who can provide an all-under-one-roof service, where you can find proprietary trading too. You don’t have to worry about different prices quotes, long chain of intermediaries and so on – you will go directly to a licensed broker, having account there. Thus you can avoid also extensive and repetitive due diligence procedures.

This is a demo account with virtual funds, provided to traders who pass the evaluation process. Successful traders earn real rewards based on their trading performance and can withdraw profits.

Yes, Thaurus Guru is a trusted platform backed by a licensed broker, Thaurus Ltd., regulated by the Financial Services Commission (FSC). The broker ensures full compliance with regulatory requirements.

You can find the broker here: www.thaurus.com

It’s license under the supervision of the Financial Services Commission can be found online here: https://www.fscmauritius.org/en/supervision/register-of-licensees/register-of-licensees-details?licence_no=GB22200432&cat=_GB&key=&code=

In this case, you can feel safe that a regulatory body receives information about live trading accounts and supervises these activities.

Anyone aged 18 or older can join, except individuals from restricted countries. Legal and compliance requirements apply. Assistance is available to guide you through documentation if needed .

Yes, Thaurus Guru does not accept clients from specific countries due to regulatory and risk management reasons. More specifically, we follow the standards of the FATF: https://www.fatf-gafi.org/en/countries/black-and-grey-lists.html

Prohibited countries are: North Korea, Iran, Myanmar and United States).

Here are the first steps you must do to try it out.

To begin with Thaurus Guru, explore our challenges and register on our platform to familiarize yourself with the trading process. This is an excellent way to practice and test our tools before you decide on any potential future trading efforts.

Once you feel ready and have chosen your challenge, select the account size that suits you, and start trading. Detailed instructions will be sent to your email upon registration.

You need to complete a two-step evaluation process:

  • Step 1: Challenge – Meet specific trading objectives on a demo account to prove your skills.
  • Step 2: Verification – Demonstrate consistency and compliance with rules in a final verification phase.
    Once both steps are passed, you will sign an agreement and receive access to a Thaurus Guru Account.
  • Added: More structured explanation of the two-step process.
  • Excluded: Lengthy descriptions of each stage’s technical details (already included in other questions).

Process in more detail:

Choose your challenge

Do you want to feel safer to reach the target or do you feel that you can climb up to the top of the trader’s list? Well, consider it and choose the most suitable for you – at the end, it’s just a sum of conditions you will prove that you can overcome.

Choose the sum and get your account

Again, it’s up to you if you want to prove us your skills with $5,000 or $100,000. Choice is up to your discretion, we won’t affect the conditions based on the sum you choose, so every ThaurusGuru trader will be equal and at the end, the beginner won’t have any disadvantage against a pro, it depends only on the trading skills. After your selection, you will be transferred to buy your program, so you can start immediately.

More detailed procedure to start – just FYI

Following the registration process, you will find the confirmation in your email you provided, where you must verify your email (just a simple click). Thus, you can now login into client zone and move on to trading.

And now…you can enjoy your challenge – show us that you can beat the rest!

You can find the challenges directly on our home page at www.thaurusguru.com. Challenges vary based on the fee; however, we have prepared it in a way that is open to everyone, getting a trading balance from $5,000 to $100,000.

We prefer to keep the same conditions for drawdown, trading days and profit target, so everyone can be equal regardless of its preference.

One of the most important aspects is to follow the risk management rules to avoid hitting the (daily) drawdown. Naturally, trading depends on your preference, however, considering the conditions to win the challenge, we’re pointing your attention to this most frequent failure of contestants. There’s a daily limit of drawdown and the absolute drawdown limit for the entire trading too.

There is no maximum time limit for completing the evaluation. However, traders must trade a minimum of 4 days per phase to ensure consistency. Successful completion can take as little as 8 trading days.

We provide the following methods:

  1. Wire transfer
  2. Credit/debit card payment
  3. Crypto-asset payment

All these methods should work without any issues. However, it might happen (in particular with cards) that the banking institution or card association rejects few payments due to their check that can even fail. Therefore, it’s recommended to try either another card, crypto-asset payment or very easy-going, just bit longer wire transfer.

The same methods except credit/debit card deposit can be used for withdrawals in your live account (so when you pass the challenges). There, clients prefer the wire transfer mostly.

  • Daily Drawdown: Maximum 5% of the highest account balance for the day.
  • Total Drawdown: Maximum 10% of the highest account balance achieved during the challenge.
    Both are calculated using the High-Water Mark principle to ensure traders maintain consistent performance.
  • Added: High-Water Mark explanation and clear examples.
  • Excluded: Redundant references to technical details, such as GMT+2 reset timings (moved to other sections).

Explanation of drawdown:

Drawdown is a calculation from your top (peak) level to allowed bottom. This means the highest value over some period of time (in our case over the day for a daily one) you can’t drop from over the permitted percentage value.

Ok, this is bit complicated explanation, right? Let’s go to a simple example:

You started with $100,000. Now you make a $5,000 profit in a series of good positions over the day, but the trading in your direction stops. You have an equity of $105,000 on your account. Now how much can you drop if 5% drawdown is max limit for the day?

Let’s make a simple calculation – $105,000 – 5% (which is 105,000 x 0.05) = $99,750

Therefore, from $105,000, you can’t drop below $99,750, otherwise your program will be considered as failure and you must start again.

And the absolute drawdown? Well, here it’s very simple – from a $100,000 value, you can’t drop over 9%, therefore, you can’t drop below $91,000.

Traders have access to a wide range of instruments, including Forex, commodities, indices, and cryptocurrencies. The choice of trading strategy is entirely up to the trader, provided it aligns with risk management rules and does not breach prohibited trading practices.

However, in the event you need any technical advice, please, don’t hesitate to contact us.

There’s no limitation to the source of your information if it’s legal. If you feel like you can guess the outcome of the news safely and it’s worth to give it a try, we won’t stop you, unless we detect some of the prohibited trading practices (e.g. opposite or hedging positions, even on two accounts or simply one side bet oriented on winning the challenge in one lucky position). As this defends the purpose of prop trading that is focused on the demonstration of your sustainable trading strategy, it’s not going to be accepted.

However, due to strong impacts of certain news, we apply a restriction of 2 minutes before and after the release of high impact economic news (i.e. GDP, inflation, employment data or speeches of monetary authority representatives).

We won’t stop you trying as many times as you want. The truth is that it can happen that the conditions of the first challenge are not met…and sometimes not even the second one…but then, there are traders who try it for the third time, and it works. It’s all about persistency, but also finding the proper time, chance…it’s up to you.

You might hit the right time and pass easily; you might hit a market that is not moving anywhere. Wait for your chance – good things come to those who have patience, and one failure is never the end.

Yes, Thaurus organizes contests for proprietary traders on a regular basis. You might get coupons with discounts as well as join any other contests not only for different advantages related thereto, but also to demonstrate your skills compared to the other traders (display is of course based on your will.

Please, always check our fanpages on social media or ask the team to become aware what will be the next contest or challenge to join.

It’s easy. There’s only an obligation of standard due diligence procedure – Thaurus, as a licensed company is legally obliged to get your identification document to know who’s trading with the account. For your withdrawals, Thaurus will need to obtain proof of residence. And – that’s all. You can provide only the first document and jump immediately to trading. Second can wait for the withdrawal.

We prefer our relations with clients to be based on mutual respect. We give you free hand over your account so you can show your skills in full, but of course, to be equal with other traders who are trying out their luck, the following practice we can’t accept:

  1. Copying trades from the others – this is your account, we want to see you trading, not the others. Otherwise it won’t be your challenge :).
  2. Scalping (a method of high-frequency trading when the trader opens and closes position in a very short time) – Thaurus provides you good liquidity and price quotes, so there’s no need to take unfair advantage of it).
  3. Latency trading & arbitrages (latency arbitrages, reverse arbitrages, hedging or counter-position arbitrages)
  4. High-frequency trading (HFT) (method of executing large number of orders in short period of time with small price movements).
  5. One-side bets (here, the option to have more accounts, allows you to open hedging positions and bet on news. As this defeats the point of proving a sustainable trading strategy, we don’t allow this technique.
  6. Automated trading robots
  7. Account rolling (similar to hedging – here, the trader buys multiple accounts and shoots bets into different positions with the expectation that one of them will pass. Again, this technique defeats the purpose).

Firstly we would warn you and disregard such positions in achieving your target. Once such activity continues even after our warning, your account will be closed for breaching the terms.

Profits are distributed monthly or on-demand after 14 days of trading. Payment methods include bank transfer, and cryptocurrency. Minimum withdrawal thresholds apply.

ThaurusGuru is an educational application that helps to refer people interested in learning more about trading to proprietary trading. However, (1) to do the business properly under regulated conditions, (2) to ensure full compliance with the legal requirements and supervisory body, and (3) to keep the clients in a complately safe and fair environment, the agreement for proprietary trading will be concluded with the Thaurus Ltd., the licensed brokerage company.

We’re bound by law to perform verification of every client where it’s strictly required for the live account. But there’s nothing to worry about, it’s a quick procedure and our team is here to help you in the event you struggle with it.

It’s very easy. Whenever you encounter an issue, please, send us a description of the issue to our email [email protected]. We will be available during the business day.

Of course, this is a standard requirement and in the event you have not opened any proprietary trading position, you’re eligible to get the refund back to the payment method you have sent it from. Of course, if you already traded (including the opening of a single position), you are not eligible for a return of funds.

In the event there’s a specific reason why it can’t be accepted by such method, we will agree (after a check) on a different account where to send money to.

Generally, proprietary trading does not require a license, but even if it did – Thaurus is a fully licensed broker that allows such activity and keeps you safe, including the client funds of real (live) accounts being kept on safeguarded accounts.

Based on the preference of MetaTrader by our clients, we opted for MT5 trading platform. However, if the demand for another platforms is there, we’re happy to extend the offer to additional ones.

Each service comes with people and systems. To provide the service without issues, we must keep the software, development and operations permanently ongoing. Take also into account however, that you can’t lose more than this fee

Traders that pass through the challenges have even the advantage to trade with real funds, so obtaining a significantly bigger opportunity that the initial fee.

It’s very simple. Whenever traders find their rewards on the account (live one, following successful challenges), they can initiate its payment in the client zone. Primarily, payouts are executed on a monthly basis, however, traders can request them also on a biweekly basis.

ThauTech s. r. o.

+421 914 288 292

+44 207 566 2185

[email protected]

Company

About us
Contact us
Careers
Courses
Faq
Trading

Download app

Socials

social-icon-tic-toc

Disclaimer

Thaurusguru is a trading education and evaluation company that does not in any way collect customer deposits or offer any financial services to customers. Thaurusguru only provides services of simulated trading and educational tools for traders. All trading accounts provided to customers are part of a virtual demo environment using purely virtual money. The information on this site is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local laws or regulations. All information on this website is solely for educational purposes related to trading on financial markets. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute any investment advice. Thaurusguru does not provide any investment recommendation, business recommendation, investment opportunity analysis or similar general recommendation regarding the trading of investment instruments. The offered technical solution for the Thaurusguru platforms and data feed is powered by Thaurus Ltd, a licensed investment broker. Certain restrictions for access to services shall apply to Customers being residents or nationals of the United States of America, North Korea, Iran, Russia and others, depending on the actual list of acceptable jurisdictions. Please check the updated list.

Cookies
Privacy Policy
Terms & Conditions

© Copyright Thaurus Guru 2024 | All rights reserved