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Penzo -

Score

1.40 /10
Danger

Penzo

Hong Kong

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://penzo-trade.io

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Comparison

Quantity 16

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.16

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

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

Single Core

1G

40G

open now

Broker Information

More

Company Name

Penzo Limited

Company Abbreviation

Penzo

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-01-31
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Penzo

Hong Kong China

WikiFX Verification

Exposure

16 pieces of exposure in total
Pyramid scheme complaint
Expose
Scam

The customer service does not handle it

Do not response. Only say hello. Do not handle anything.

2022-07-18 23:57
Others

Fraud,pig-butchering scam, fake transactions, I was liquidated

How should I put it? I was planning to open an account before, but my position was inexplicably liquidated this morning. Haha, it's incredible

2022-10-04 05:14
Unable to Withdraw

penzolead.com

I used to trade with penzolead.com before, but when I paid the money, I might have had the wrong address and couldn't make it to the account for a long time. I hope you can help me

2023-04-26 07:27
Unable to Withdraw

Fake platform that unable to withdraw

It is unable to withdraw for more than a month since 2.26. I asked the customer service. The customer service said that there are too many orders, please wait patiently. Since the withdrawal is a system review, I can’t answer you. The customer service was impatient with my question and directly blocked me. Yes, there are pictures as proof, please don't be fooled

2023-04-01 16:42
Unable to Withdraw

Cannot arrive

Miss an e in the address and the money cannot arrive. I hope someone can help me

2022-08-30 08:33
Others

Penzolead.com

The only way everyone can do now is to report to FBI. This company is a fraud company. It is a fake one. It is all deceitful and pig-butchering scam.

2023-07-08 11:01
Unable to Withdraw

I miss an e when I write the address and I cannot receive the principle now.

Transferring the money to the crypto address, but missing an e in address. The total is almost $70,000. The customer service does not care about it. I beg the relevant personnel to help me recover this loss, thank you

2022-07-26 12:59
Unable to Withdraw

The address misses a letter e and others are all right

From penzolead.com, the principal of 70,000 dollars was transferred to crypto because the address was missing an e. It’s almost a week. Now I don’t know where my hard-earned money is going. The customer service doesn’t care about a regular transaction that can be retrieved. And the customer service push the responsibility on me. They do not deal with it. Everyone be careful. It's hard-earned money

2022-07-28 09:19
Unable to Withdraw

Didn’t I provide the photos? Deposit and withdrawal review from February to now

Didn’t I provide the photos? Deposit and withdrawal has been reviewed from February to now

2023-04-11 15:57
Unable to Withdraw

Unable to withdraw money, forced to liquidate, fraud, pig-butchering scam

Unable to transfer, I deposite for 10,000 US dollars, but the account was emptied today. pig-butchering scam, internal transaction! ! Account not guaranteed

2022-10-03 23:34
Unable to Withdraw

Wrong address. Miss an e letter at the end

Yesterday I went to the crypto address from penzolead.com and wrote a wrong letter. I lost an e in the end. I talked to the customer service and said no matter. It may be less than $70,000. Stay away from penzolead.com.

2022-07-18 08:05
Scam

Wrong address. The fund cannot be retrieved

Yesterday, I was going to withdraw money to the crypto account because the first 2 times were successfully received, so I didn't see the address. I don't know why I got to an account and there was an e missing. I contacted customer service and said that my address was wrong. I don't care. The numbers are missing one e. They said that I was responsible for more than 60,000 dollars. Don't trust penzolead.com.

2022-07-18 05:29
Unable to Withdraw

Unable to withdraw funds

I was deceived. It's all a scam. Now they have blocked my account and I can't open the webpage.

2024-07-12 14:11
Unable to Withdraw

The address is missing an e, and now the money has not reached the account.

The address is missing an e, and now the money has not reached the account. They also suspend my account and ignore me. I do not know what to do with my 70k dollars

2022-11-25 01:11
Unable to Withdraw

Trash customer service blocks customer

There are no updates for a month of withdrawal, the customer service says that the order volume is too large, and the system will automatically review the specific withdrawal and cannot answer anything more. Please wait patiently, if you ask more questions, he will block you, and finally cannot contact the customer service

2023-03-17 21:33
Unable to Withdraw

Unable to withdraw

In March 2023, I was introduced by a friend to trade on this website, and they claimed to be regulated by the US Digital Fraud Enforcement Agency. I made a deposit, and the first withdrawal went smoothly. Then I invested more, but I was unable to withdraw the funds when I made the second withdrawal on March 24. I contacted the customer service, and the customer service told me that I need to pay 20% of the capital gains tax, and it cannot be deducted directly from the account. It needs to be resubmitted to another account designated by the platform, and the designated account can only be used for two hours each time, nad it is not fixed, it should be changed every two hours, otherwise the withdrawal cannot be made. When I contacted the customer service staff, no one responded to the message for a long time. I deposit more than 200,000 US dollars on the platform, and I only want to withdraw 500 US dollars, they asked me to pay more than 11,000 US dollars in capital gains tax. This is clearly a fraud, and I hope the relevant departments can help me.

2023-05-12 05:59
    Penzo · Company summary

    Note: Penzo's official website - https://penzo-trade.io is currently inaccessible normally.

    Penzo Review Summary
    Founded2022
    Registered Country/RegionHong Kong
    RegulationUnregulated
    Market InstrumentsForex, precious metals, energy, cryptocurrencies and indices
    Demo Account/
    Leverage1:100 - 1:200
    SpreadFrom 0.1 pips
    Trading PlatformMT5
    Min Deposit/
    Customer SupportLive chat
    Email: support@penzolead.com
    Instagram, Facebook, and Twitter
    Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon, Hong Kong
    Restricted RegionsThe United States, Canada, United Kingdom, Iran, North Korea and Cuba

    Penzo is registered in Hong Kong and is not regulated. It offers trading in forex, precious metals, energy, cryptocurrencies and indices with leverage up to 1:200 and spread from 0.1 pips via the MT5 platform.

    Penzo's homepage

    Pros and Cons

    Pros Cons
    Various tradable assetsUnavailable website
    Flexible leverage ratiosUnregulated status
    Support MT5Regional restrictions
    Limited payment options

    Is Penzo Legit?

    No, Penzo is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

    No license

    What Can I Trade on Penzo?

    Tradable Instruments Supported
    Forex✔
    Precious metals✔
    Energy✔
    Cryptocurrencies✔
    Indices✔
    Stocks❌
    Bonds❌
    Options❌
    ETFs❌
    What Can I Trade on Penzo?

    Leverage

    Penzo offers leveragefrom 1:100 to 1:200,which can potentially bring high returns, but it also comes with high risks.

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for
    MT5✔/Experienced traders
    MT4❌/Beginners

    Deposit and Withdrawal

    Penzo only supports crypto-wallets and bank transfers.

    Payment options

    User Reviews

    More

    User comment

    4

    Comments

    Write a review

    苗春乐
    more than one year
    I have been trading with Penzo for over 5 months and have had some issues in many places but overall there was nothing that struck me out of the ordinary. There was an incident in which I could not withdraw funds for a while but it was solved finally.
    I have been trading with Penzo for over 5 months and have had some issues in many places but overall there was nothing that struck me out of the ordinary. There was an incident in which I could not withdraw funds for a while but it was solved finally.
    Translate to English
    2023-02-24 16:48
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    0
    欢聚蓝濑
    more than one year
    Very good service. I am so happy to say this. I understood daily market conditions can make good profits to cover..my finance manager lead me well. Thank you.
    Very good service. I am so happy to say this. I understood daily market conditions can make good profits to cover..my finance manager lead me well. Thank you.
    Translate to English
    2023-02-15 11:40
    Reply
    0
    0
    16