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Score
Saint Vincent and the Grenadines
Regulated in Seychelles
Retail Forex License
MT5 Full License
High potential risk
Offshore Regulated
Influence
Add brokers
Comparison
Quantity 9
Exposure
Score
Regulatory Index3.92
Business Index6.61
Risk Management Index0.00
Software Index8.34
License Index3.92
Single Core
1G
40G
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Company Name
INZO L.L.C
Company Abbreviation
INZO
Platform registered country and region
Saint Vincent and the Grenadines
Company website
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YouTube
Company summary
Pyramid scheme complaint
Expose
broker demand a video conference in English and don't withdraw my money. Lies after lies. A scam!
This is the worst broker i ever traded!! With 1 week trading on this broker, without a notice they have changed the pairs that i was trading with different spreads and big slippage on my orders. Pairs that are not described in their website, either on their demo accounts. Upon opening a new standard account it came with the normal pairs but right after deposit they changed again the pairs! Besides that they also changed the leverage from 1:500 to 1:20 without a notice. After confronting them on live chat, they were lying about everything. This big scammers are a pure Lie! Mention that is on their terms and conditions, which is not true. Live chat is useless with people to answer you without any knowledge! THis broker i will give zero starts!!!! Ohh and after you have been fully verified they also demand that you do a video verification which they claim is on terms and conditions(another lie). STAY AWAY OF THIS SCHEME!!!!
This is the most terrible broker i have ever seen. i have been trading for the past 10 years and Inzo is the top scammer! You open the account the leverage is 1:100, and they say after deposit they will increase to 1:500, it happens after deposit they change to 1:20, after speaking on live chat they say its their terms and conditions. After a month trading i deposit more money and they changed the pairs, speads, leverage without any notice and i had trades open which i could not close. I went to live chat and after discussion it took them 3 days to put back the pairs to normal. After a few weeks i had orders opened and Inzo closed them changed pairs and leverage AGAIN without my authorization. They claim is they new policy and rules. Stay away from that scam. I never saw such bad practices as Inzo.
Broker manipulation on spreads and orders, they changed pairs suddenly without sending any notification. I asked on live chat why and they were given the most stupid excuses and lies, they lie all the time.. BIG SCAM, now I can't withdraw my money, with the account verified they asked me for a video selfie 2 times and kept rejecting my withdrawal...
I can't withdraw my money! every time they want something new, first a selfie then a meeting and this sounds very fishy. STAY AWAY of this scam
I’ve had a series of frustrating experiences with Inzo LLC, encountering numerous issues with their brokerage services. It all began with the verification process, during which they repeatedly denied my ID, claiming it wasn’t valid. Despite investing considerable time in live chat support to rectify this, the ordeal continued when they arbitrarily altered the leverage on my account. Initially advertised as 1:500 in accordance with their terms and conditions, they arbitrarily reduced it to 1:30, citing supposed regulatory requirements for clients in South America. However, I later discovered this to be false. After futile attempts to resolve the leverage discrepancy, I proceeded to trade XAUUSD with a standard MT5 account. Yet, last week, I encountered another setback when none of the 125 available pairs, including XAUUSD, were accessible for trading on my MT5 platform. Following their advice, I created a new client profile with a different email, only to find that all pairs were functioning smoothly on the new standard account. However, upon depositing funds, they drastically reduced the available pairs to just 35, while also increasing spreads and introducing significant slippage. Upon querying this sudden change, I was informed that it was due to a purported regulation requirement, another lye. Frustrated and feeling misled, I reached out to CEO Olga Lampadaridou directly, seeking resolution for the ongoing issues. It’s evident that Inzo LLC has been deceptive, falsely attributing changes to regulatory compliance and violating their own terms and conditions. Their website’s promises of specific trading conditions proved to be misleading, as they promptly altered them upon my deposit.
I want to share a preemptive story about a recent experience I had with a brokerage firm. After depositing my hard-earned money and actively trading for a month, I found myself in a nightmare situation. The broker suddenly accused me of submitting false documents and refused to release my funds. Despite having provided all the necessary verifications beforehand, they claimed that my documents were falsified or insufficient. This accusation came like a bolt from the blue, leaving me shocked and frustrated. Not only did they withhold my funds, but they also tarnished my reputation by insinuating fraudulent behavior. This is clearly a case of a bad broker exploiting loopholes to avoid meeting their financial obligations. My advice to other investors: be extremely careful and research any brokerage firm thoroughly before entrusting them with your money. Don't fall victim to deceptive practices like this.
I would give them zero stars. While I was trading, they changed my leverage from 1:500 to 1:20 without any prior notice or warning. When I inquired about this sudden change via live chat, they cited regulatory reasons, although their registration in SVG does not mandate such a change. This appears to be a significant scam in the market. When I decided to withdraw my funds, they requested a video selfie multiple times, which I provided, yet they repeatedly declined it. They then demanded a video conference on Google. Despite my acceptance, I had to wait for five of their staff to join the call and repeatedly requested to show my ID. This behavior is highly abusive and abnormal for a broker. Therefore, I rated them as zero stars and advise others to stay away from them.
INZO Review Summary | |
Founded | 2021 |
Registered Country/Region | Saint Vincent and the Grenadines |
Regulation | FSA (offshore) |
Market Instruments | Forex, Indexes, Metals, Energy, Stocks, Cryptos |
Demo Account | ✅ |
Leverage | Up to 1:500 |
Spread | From 0.8 pips (Standard Account) |
From 0.0 pips (Zero Account, INZO Vip Account) | |
Trading Platform | MT5, cTrader |
Copy Trading | ✅ |
Minimum Deposit | $50 |
Customer Support | 24/6 live chat |
Tel: +442081575734 | |
Email: support@inzo.co | |
Social media: Instagram, YouTube, Twitter, Facebook | |
Address: Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, St. Vincent and the Grenadines |
INZO was registered in 2021 in Saint Vincent and the Grenadines. It focuses on forex, indexes, metals, energy, stocks, and cryptos trading. More importantly, it provides 6 types of accounts, with a minimum deposit of $50 and a maximum leverage of 1:500. Besides, various channels of customer support enable clients to reach out for help when encountering trading qustions. However, it should be noted that INZO is offshore regulated, which means potential risks may exist.
Pros | Cons |
Low minimum deposit | Offshore regulation risks |
Copy trading services | Commission fees charged |
Demo accounts and Islamic accounts | |
Popular payment options | |
Multiple channels for customer support | |
MT5 and cTrader offered | |
Various market instruments | |
Promotion and bonus offered |
INZO is offshore regulated by the Seychelles Financial Services Authority (FSA), which means potential risks are likely to exist. Please be aware of the risks it may pose.
Regulated Authority | Current Status | Licensed Entity | Regulated Country | License Type | License No. |
The Seychelles Financial Services Authority (FSA) | Offshore Regulated | INZO GROUP LTD | Seychelles | Retail Forex License | SD163 |
INZO offers trading services on forex, indexes, metals, energy, stocks, and cryptos.
Tradable Instruments | Supported |
Forex | ✔ |
Indexes | ✔ |
Stocks | ✔ |
Metals | ✔ |
Energy | ✔ |
Cryptos | ✔ |
Bonds | ❌ |
Options | ❌ |
ETFs | ❌ |
INZO provides 6 types of accounts, including Standard, Zero, INZO Vip, Stocks, Crypto, and Zero Standard Account. Besides, demo accounts and Islamic accounts are also available.
Account Type | Minimum Deposit | Maximum Leverage | Swap-Free Islamic Account |
Standard | $100 | 1:500 | ✔ |
Zero | $5,000 | 1:200 | ✔ |
INZO Vip | $50,000 | 1:50 | ❌ |
Stocks | $500 | 1:20 | ❌ |
Crypto | $50 | 1:100 | ✔ |
Zero Standard | $50 | 1:500 | ✔ |
The leverage ranges from 1:20 to 1:500. Careful considerations are recommended, since high leverage is likely to bring high potential risks.
INZO charges certain amount of fees according to the types of accounts.
Account Type | Spread | Commission |
Standard | From 0.8 pips | ❌ |
Zero | From 0.0 pips | $8 per lot |
INZO Vip | From 0.0 pips | $4 per lot |
Stocks | From 5.00 points | ❌ |
Crypto | Raw Liquidity Provider Spread | From $0.08 |
Zero Standard | From 0.0 pips | From $0.08 |
INZO supports MT5 and cTrader, which are commonly used trading platforms.
Trading Platform | Supported | Available Devices | Suitable for |
MT5 | ✔ | PC, web, mobile, mac | Experienced traders |
cTrader | ✔ | PC, web, mobile, mac | / |
MT4 | ❌ | / | / |
INZO accepts different types of deposit and withdrawal methods, including VISA, Bitcoin, Ethereum, Tether, Payeer, Voucherry, and MasterCard. However, other details such as the processing time and fees are not revealed.
INZO provides copy trading service, where customers can learn from the top traders. Besides, promotion activities are available. A $30 welcome bonus and 30% deposit bonus are offered.
Tayko, a 31-year-old investor from Egypt, recently fell victim to what he describes as a manipulative scheme orchestrated by Inzo LLC.
Founded in 2021, INZO is a forex and CFD broker based in Saint Vincent and the Grenadines. The company is registered as INZO L.L.C and provides trading services to traders worldwide.
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