ZenovaFx
Abstract：ZenovaFx is a brokerage firm based in Mauritius, but it lacks proper regulation. It claims to a variety of market instruments for trading, such as forex, energies, commodities and so on. It also provides different types of trading accounts, including Standard, Premium, ECN PRO, and Islamic accounts. Additionally, a demo account is also available.
Note: ZenovaFx's official website https://zenovafx.com/ is currently inaccessible normally.
| ZenovaFxReview Summary | |
| Founded | 2022 |
| Registered Country/Region | Mauritius |
| Regulation | No regulation |
| Market Instruments | Forex, Energies, Commodities, Crypto, Indices, Stocks |
| Demo Account | ✅ |
| Leverage | Up to 1:500 |
| Spread | From 2 pips (Standard account) |
| Trading Platform | MetaTrader 5 |
| Min Deposit | $1,000 |
| Customer Support | 24/5 support |
| Live chat, contact form | |
| +44 1233 281532 | |
| support@zenovafx.com | |
ZenovaFx is a brokerage firm based in Mauritius, but it lacks proper regulation. It claims to a variety of market instruments for trading, such as forex, energies, commodities and so on. It also provides different types of trading accounts, including Standard, Premium, ECN PRO, and Islamic accounts. Additionally, a demo account is also available.
Pros and Cons
| Pros | Cons |
| Various trading instruments | Lack of regulation |
| Demo accounts | High minimum deposit |
| Multiple channels for customer support | Wide spreads |
| MT5 supported | No MT4 |
| Unavailable website |
Is ZenovaFx Legit?
ZenovaFx is not regulated by the financial services regulatory authority in Mauritius, which means that the company lacks regulation from its registration site. Moreover, the current status shows that activities like transferring and updating are prohibited.
What Can I Trade on ZenovaFx?
ZenovaFx claims to offer 6 types of trading products, including forex, energies, commodities, crypto, indices, and stocks.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Energies | ✔ |
| Commodities | ✔ |
| Cryptos | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Fees
ZenovaFx provides 4 types of accounts: Standard account, Premium account, ECN PRO account, and Islamic account. Demo accounts and Islamic accounts are also available.
The leverage is up to 1:500 for all account types. However, high leverage will bring high risks, and traders need to think before being involved in high-risk investment.
| Account Type | Min Deposit | Min Trade Size | Max Leverage | Spread | Commision for Forex Pairs |
| Standard | $1,000 | 0.01 Lot | 1:500 | From 2 pips | $10 per lot |
| Premium | $15,000 | From 1 pip | |||
| ECN PRO | $5,000 | From 1.5 pips |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MetaTrader 4 | ❌ | / | Beginners |
| MetaTrader 5 | ✔ | Windows, macOS, iOS, Android | Experienced traders |
Deposit and Withdrawal
| Deposit Option | Fee | ProcessingTime | Accepted Currency |
| Bitcoin | ❌ | Instant | USD |
| Tether | |||
| Visa | |||
| Master Card | |||
| Bank Wire Transfer | Within 1 business day | USD, AED | |
| Local Transfer | USD, AED, NGN and local currencies |
| Withdrawal Option | Fee | ProcessingTime | Accepted Currency |
| Bitcoin | ❌ | Instant | USD |
| Tether | |||
| Bank Wire Transfer | Within 1 hour | USD, AED | |
| Local Transfer | USD, AED, NGN and local currencies |
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