Penzo Spreads, leverage, minimum deposit Revealed
WikiFX | 2025-01-02 15:18Abstract：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.
Note: Penzo's official website - https://penzo-trade.io is currently inaccessible normally.
| Penzo Review Summary | |
| Founded | 2022 |
| Registered Country/Region | Hong Kong |
| Regulation | Unregulated |
| Market Instruments | Forex, precious metals, energy, cryptocurrencies and indices |
| Demo Account | / |
| Leverage | 1:100 - 1:200 |
| Spread | From 0.1 pips |
| Trading Platform | MT5 |
| Min Deposit | / |
| Customer Support | Live 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 Regions | The 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.
Pros and Cons
| Pros | Cons |
| Various tradable assets | Unavailable website |
| Flexible leverage ratios | Unregulated status |
| Support MT5 | Regional 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.
What Can I Trade on Penzo?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Precious metals | ✔ |
| Energy | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | / | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Penzo only supports crypto-wallets and bank transfers.
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