Score

4.16 /10
Average

Zenstox

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

Suspicious Scope of Business

Medium potential risk

Offshore Regulated

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Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index5.77

Risk Management Index8.22

Software Index4.00

License Index3.05

Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

VIE FINANCE SEY LTD

Company Abbreviation

Zenstox

Platform registered country and region

Seychelles

Company website

WhatsApp

  • +97143118110

Company summary

Pyramid scheme complaint

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WikiFX Risk Alerts
Previous Detection : 2024-12-22
  • The Seychelles FSA regulation with license number: SD123 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Zenstox · Company summary
Zenstox Review Summary
Founded2022
Registered Country/RegionSeychelles
RegulationSeychelles FSA (License No. SD123)
Market InstrumentsForex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account/
LeverageUp to 1:200
SpreadFixed spreads (example: CFDs on Cryptos - 0.50%)
Trading PlatformZenstox Custom Platform, XCITE Mobile App
Min Deposit$200
Customer SupportEmail: customer.service@zenstox.com
Phone: +97365003849
WhatsApp: +97143118110
Online Chat

Zenstox Information

With more than 300 CFDs among its many other trading instruments, Zenstox offers a variety of trading options. Zenstox has mobile access and user-friendly interfaces for beginners and pros, but its inactivity and CFD expenses are more than average.

Zenstox Information

Pros and Cons

Pros Cons
Regulated by Seychelles FSAHigh inactivity fees
Wide range of instruments (300+ CFDs)Lower leverage for Cryptocurrencies (1:2)
Custom platform and mobile app for flexibilitySwap fees on overnight positions

Is Zenstox Legit?

Zenstox holds a Retail Forex License from the Seychelles Financial Services Authority (FSA) under SD123. Since this legislation is offshore, traders should be cautious and assess the risks.

Is Zenstox Legit?

What Can I Trade on Zenstox?

Zenstox provides CFD trading covering more than three hundred premium symbols. Offering traders a range of investment choices, their portfolio consists in well-known CFDs on Forex, equities, indices, commodities, and cryptocurrencies.

Tradable Instruments Supported
Forex
Stocks
Indices
Commodities
Cryptocurrencies
What Can I Trade on Zenstox?

Account Types

Two major forms of trading accounts are provided by Zenstox, each designed to meet varying trading requirements.

Account Types

Leverage

Based on financial instruments, Zenstox enables flexible leverage. More leverage increases risks and profits. Traders must control risk to avoid large losses.

Instrument TypeMaximum Leverage
CFD on Forex, Gold, Silver, and CL1:200
CFD on Indices and Commodities1:100
CFD on Shares1:10
CFD on Cryptocurrencies1:2
Leverage

Zenstox Fees

Zenstox's trading fees are higher than the industry standard, particularly for inactivity and cryptocurrency CFDs.

Spreads: Fixed spreads ensure transparent pricing, even during volatility.

Rollover Fee (Swap):

CFDs on Forex, Stocks, Indices, and Commodities: 0.02% of overnight exposure

CFDs on Cryptocurrencies: 0.50% due to high volatility

Zenstox Fees

Non-Trading Fees

Non-trading Fees
Deposit FeeFree
Withdrawal FeeNot mentioned
Inactivity Fee$500 per inactive quarter (after 3 months)
Credit-Out RuleActivated after 45 days of inactivity

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
Zenstox Custom PlatformWeb-based, DesktopTraders seeking a simple and intuitive interface
XCITE Mobile AppiOS, AndroidMobile traders who need access to the global markets anytime
Trading Platform

Deposit and Withdrawal

Zenstox accepts deposits and withdrawals with minimal fees for trading accounts denominated in USD.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Bank Transfer$200Free1-3 Business Days
Credit/Debit Card$200FreeInstant

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Bank TransferNot MentionedNot mentioned1-3 Business Days
Withdrawal Options

News

ExposureZenstox: A Trader’s Nightmare? An Inside Look at Alleged Scams and Unethical Practices

Rabih, a seasoned investor, initially trusted Zenstox’s promises of profit and support through dedicated account management. However, this trust quickly turned into frustration and despair, as he realized his investments were seemingly locked with no hope of retrieval.

WikiFX
2024-11-06 17:42
Zenstox: A Trader’s Nightmare? An Inside Look at Alleged Scams and Unethical Practices

ExposureTrapped by Promises: Moroccan Trader Loses Over $10,000 to Zenstox

A Moroccan trader's encounter with repeated deposit demands and an inability to withdraw funds from Zenstox (VIE Finance Sey Ltd) exposes major concerns with the broker's transparency and highlights the importance of researching platforms before investing.

WikiFX
2024-10-25 17:32
Trapped by Promises: Moroccan Trader Loses Over $10,000 to Zenstox

ExposureA trader from Morocco accused Zenstox of blocking the withdrawal

Recently, the negative views against a broker called Zenstox have been sherd into the light. One such case involves Zenstox, a broker that has come under scrutiny for its questionable practices.

WikiFX
2024-09-19 15:19
A trader from Morocco accused Zenstox of blocking the withdrawal

User Reviews

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Emy6650
more than one year
THE WORST EVER EXPERIENCE I'VE EVER PASSED BY, CHEATING ME & LET ME REGISTER FOR ADNOC THEN GRADUALLY TOOK ME TO THE GOLD. TRADED 200USD, THEN I DIDN'T MAKE LOSS, REQUESTED WITHDRAWAL, REJECTED SAYING I MUST MAKE MORE TRADES AND THE MONEY I WILL TAKE THEM. YOUSEF REQUESTED ME QUICKLY TO TRADE ON ZINC (6) TRADES. LOST THE MONEY. NO WITHDRAWAL, EVERYTHGING. CHEATERS, !!!! 🌂 STOLEN MY MONEY
THE WORST EVER EXPERIENCE I'VE EVER PASSED BY, CHEATING ME & LET ME REGISTER FOR ADNOC THEN GRADUALLY TOOK ME TO THE GOLD. TRADED 200USD, THEN I DIDN'T MAKE LOSS, REQUESTED WITHDRAWAL, REJECTED SAYING I MUST MAKE MORE TRADES AND THE MONEY I WILL TAKE THEM. YOUSEF REQUESTED ME QUICKLY TO TRADE ON ZINC (6) TRADES. LOST THE MONEY. NO WITHDRAWAL, EVERYTHGING. CHEATERS, !!!! 🌂 STOLEN MY MONEY
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2024-11-23 01:56
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FX2190655707
0-3months
Dear sir, I'm writing this message to explain for you my situation with zenstox. I'm rabih Hanna customer invest with zenstox company my account number 11188215 after several deposit in my account amount of 73000$ with my manger account, miss lamia alali and Mr Saleh alsheikh this manager always we provide me a way to deposit money and didn't withdraw till date as my last week account I'm withdraw from my account approve amount 57000$ and after 3 days zenstox rejected my situation very bad financially due to your manager descion without any results I'm from lebanon as I'm also in this time and my country in bad situation, Please management I need from you to help me to withdraw from my account at zenstox company as since around one year my file open without any withdraw Always I'm deposit money in my account as per your manger descion without any result Kindly urge you management to withdraw at list my deposit or equivalent because I'm in bad situation financially
Dear sir, I'm writing this message to explain for you my situation with zenstox. I'm rabih Hanna customer invest with zenstox company my account number 11188215 after several deposit in my account amount of 73000$ with my manger account, miss lamia alali and Mr Saleh alsheikh this manager always we provide me a way to deposit money and didn't withdraw till date as my last week account I'm withdraw from my account approve amount 57000$ and after 3 days zenstox rejected my situation very bad financially due to your manager descion without any results I'm from lebanon as I'm also in this time and my country in bad situation, Please management I need from you to help me to withdraw from my account at zenstox company as since around one year my file open without any withdraw Always I'm deposit money in my account as per your manger descion without any result Kindly urge you management to withdraw at list my deposit or equivalent because I'm in bad situation financially
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+2
2024-10-27 22:28
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