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ZenovaFx -

Score

1.32 /10
Danger

ZenovaFx

Mauritius

2-5 years

Suspicious Regulatory License

High potential risk

https://zenovafx.com

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Score

Regulatory Index0.00

Business Index5.53

Risk Management Index0.00

Software Index4.00

License Index0.00

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Licenses

No valid regulatory information, please be aware of the risk

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

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1G

40G

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Broker Information

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Company Name

ZenovaFx Capital Limited

Company Abbreviation

ZenovaFx

Platform registered country and region

Mauritius

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-11-12
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

ZenovaFx · Company summary

Note: ZenovaFx's official website https://zenovafx.com/ is currently inaccessible normally.

ZenovaFxReview Summary
Founded2022
Registered Country/RegionMauritius
RegulationNo regulation
Market InstrumentsForex, Energies, Commodities, Crypto, Indices, Stocks
Demo Account✅
LeverageUp to 1:500
SpreadFrom 2 pips (Standard account)
Trading PlatformMetaTrader 5
Min Deposit$1,000
Customer Support24/5 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.

ZenovaFx's homepage

Pros and Cons

ProsCons
Various trading instrumentsLack of regulation
Demo accountsHigh minimum deposit
Multiple channels for customer supportWide spreads
MT5 supportedNo MT4
Unavailable website

Is ZenovaFx Legit?

No license

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.

Domain information

What Can I Trade on ZenovaFx?

ZenovaFx claims to offer 6 types of trading products, including forex, energies, commodities, crypto, indices, and stocks.

Tradable InstrumentsSupported
Forex✔
Energies✔
Commodities✔
Cryptos✔
Indices✔
Stocks✔
ETFs❌
Bonds❌
Mutual Funds❌
What Can I Trade on ZenovaFx?

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 TypeMin DepositMin Trade SizeMax LeverageSpreadCommision for Forex Pairs
Standard $1,0000.01 Lot1:500From 2 pips$10 per lot
Premium $15,000From 1 pip
ECN PRO $5,000From 1.5 pips
Account comparison

Trading Platform

Trading PlatformSupportedAvailable DevicesSuitable for
MetaTrader 4❌/Beginners
MetaTrader 5✔Windows, macOS, iOS, AndroidExperienced traders
MT5

Deposit and Withdrawal

Deposit OptionFeeProcessingTimeAccepted Currency
Bitcoin❌InstantUSD
Tether
Visa
Master Card
Bank Wire TransferWithin 1 business dayUSD, AED
Local TransferUSD, AED, NGN and local currencies
Withdrawal OptionFeeProcessingTimeAccepted Currency
Bitcoin❌InstantUSD
Tether
Bank Wire TransferWithin 1 hourUSD, AED
Local TransferUSD, AED, NGN and local currencies
Deposit methods
Withdrawal methods

User Reviews

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User comment

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覃园园
more than one year
I really appreciate how the support team helped me get through the verification process quickly. It is a pretty nice platform. The only issue I have is the mobile version which isn't that great. They have lots of assets but for some reason, not always available even when the market is open for these assets.
I really appreciate how the support team helped me get through the verification process quickly. It is a pretty nice platform. The only issue I have is the mobile version which isn't that great. They have lots of assets but for some reason, not always available even when the market is open for these assets.
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2023-03-24 15:41
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Kumar6113
more than one year
As I see broker is good daily analysis is simply outstanding I like the way they are providing service honestly I made money till the time
As I see broker is good daily analysis is simply outstanding I like the way they are providing service honestly I made money till the time
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2023-02-14 19:52
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