INZO

SCAM FRAUD BROKER

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...

2024-06-26 13:49

Warning: Beware of Deceptive Practices of Brokers!

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.

2024-06-06 13:13

i cant withdraw

broker demand a video conference in English and don't withdraw my money. Lies after lies. A scam!

2024-08-27 05:16

Their free bonus account is a scam

They claim that you can withdraw your profits made with the free bonus account but it is all a lie, i didn't receive my money after 24h even though their withdrawal time is 1_3 hours but it is all a scam.

2023-02-24 16:51

My theft

They have a platform called B2B through which deposits are made and when withdrawing, the OTP code is requested. They have exceeded their international limits for electronic payment sites. OTP is a temporary code for electronic payment. They admitted to exceeding it and helped the thief. I have solid evidence, including their own records, that they admitted to exceeding it, but only 9 photos are allowed.

2024-11-13 15:45

PURE LIE SCAM BROKER

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!!!!

2024-06-06 10:48

Resolved

SCAM BROKER

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

2024-04-06 05:47

Others

Enzo is playing with candles

Enzo Financial Brokerage Company manipulates candles and there is a clear difference between Enzo and the Trend View application. There are three bullish candles and one bullish candle in Tradenik View, while Enzo is all buying.

2024-03-08 12:26

Broker Betrayal: Zero-Star Review Exposes Shocking Scam Tactics and Abusive Practices

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.

2024-06-06 12:21

FRAUD ALERT!!!!!!

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.

2024-06-06 10:51

this company didn’t withdraw my money and take it

hi guys this company scam , because after you take a profits when you want to withdraw this company send email for you and say you’re information not acceptable in our broker

2021-08-19 08:03

Resolved

BIG SCAM

I have been verified on this broker, and traded for several weeks. Upon requesting the withdraw the problems arrived, requesting more and more verifications not mentioned before either not in our contract or terms and conditions. It past 4 days and no emails response just a live chat poor response. Stay away of this scam!!!! SCAMMMM

2024-04-06 05:53

The broker closed my trades and changed pairs, spreads, leverage...

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.

2024-07-10 08:39

INZO · Company summary

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)
Spread	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

Pros and Cons

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

Is INZO Legit?

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

What Can I Trade on INZO?

INZO offers trading services on forex, indexes, metals, energy, stocks, and cryptos.

Tradable Instruments	Supported
Forex	✔
Indexes	✔
Stocks	✔
Metals	✔
Energy	✔
Cryptos	✔
Bonds	❌
Options	❌
ETFs	❌

Account Type

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	✔

Leverage

The leverage ranges from 1:20 to 1:500. Careful considerations are recommended, since high leverage is likely to bring high potential risks.

INZO Fees

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

Trading Platform

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	❌	/	/

Deposit and Withdrawal

Copy Trading & Promotion

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.

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