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Score
Seychelles
2-5 yearsRegulated in Seychelles
Retail Forex License
Suspicious Scope of Business
Medium potential risk
Offshore Regulated
Add brokers
Comparison
Quantity 5
Exposure
Score
Regulatory Index3.05
Business Index5.77
Risk Management Index8.22
Software Index4.00
License Index3.05
Single Core
1G
40G
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Company Name
VIE FINANCE SEY LTD
Company Abbreviation
Zenstox
Platform registered country and region
Seychelles
Company website
+97143118110
Company summary
Pyramid scheme complaint
Expose
Zenstox Review Summary | |
Founded | 2022 |
Registered Country/Region | Seychelles |
Regulation | Seychelles FSA (License No. SD123) |
Market Instruments | Forex, Stocks, Indices, Commodities, Cryptocurrencies |
Demo Account | / |
Leverage | Up to 1:200 |
Spread | Fixed spreads (example: CFDs on Cryptos - 0.50%) |
Trading Platform | Zenstox Custom Platform, XCITE Mobile App |
Min Deposit | $200 |
Customer Support | Email: customer.service@zenstox.com |
Phone: +97365003849 | |
WhatsApp: +97143118110 | |
Online Chat |
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.
Pros | Cons |
Regulated by Seychelles FSA | High inactivity fees |
Wide range of instruments (300+ CFDs) | Lower leverage for Cryptocurrencies (1:2) |
Custom platform and mobile app for flexibility | Swap fees on overnight positions |
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.
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 | ✔ |
Two major forms of trading accounts are provided by Zenstox, each designed to meet varying trading requirements.
Based on financial instruments, Zenstox enables flexible leverage. More leverage increases risks and profits. Traders must control risk to avoid large losses.
Instrument Type | Maximum Leverage |
CFD on Forex, Gold, Silver, and CL | 1:200 |
CFD on Indices and Commodities | 1:100 |
CFD on Shares | 1:10 |
CFD on Cryptocurrencies | 1:2 |
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
Non-trading Fees | |
Deposit Fee | Free |
Withdrawal Fee | Not mentioned |
Inactivity Fee | $500 per inactive quarter (after 3 months) |
Credit-Out Rule | Activated after 45 days of inactivity |
Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
Zenstox Custom Platform | ✔ | Web-based, Desktop | Traders seeking a simple and intuitive interface |
XCITE Mobile App | ✔ | iOS, Android | Mobile traders who need access to the global markets anytime |
Zenstox accepts deposits and withdrawals with minimal fees for trading accounts denominated in USD.
Deposit Options
Deposit Options | Min. Deposit | Fees | Processing Time |
Bank Transfer | $200 | Free | 1-3 Business Days |
Credit/Debit Card | $200 | Free | Instant |
Withdrawal Options
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
Bank Transfer | Not Mentioned | Not mentioned | 1-3 Business Days |
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.
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.
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.
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