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 |
Read more
Webull Introduces 24/5 Overnight Trading to Extend U.S. Market Access
Webull has announced the launch of a new 24/5 Overnight Trading feature for U.S. users, developed in partnership with Blue Ocean ATS. This feature allows Webull’s clients to trade stocks and ETFs outside traditional market hours, from 8:00 pm to 4:00 am ET, Sunday through Thursday.
IronFX Launches $500K Grand Trading Slam with Big Prizes
Join IronFX’s $500K Grand Trading Slam for a chance to win major cash prizes. Compete in trading challenges and rank up to the grand prize! Start trading today.
RoboForex Review 2024: A Complete Guide For Traders
Explore RoboForex's trading platforms, account types, regulatory compliance, and features in this comprehensive 2024 review.
XM Revamps Website with Sleek Design and App Focus
XM unveils a rebranded website, aligning with fintech trends and prioritizing its proprietary app. Discover the shift towards a modern trading experience.
WikiFX Broker
Latest News
JUST Finance and UBX Launch Multi-Currency Stablecoin Exchange
WikiFXXM Revamps Website with Sleek Design and App Focus
WikiFXIs WesternFX a Reliable Broker?
WikiFXThinkMarkets Expands Mobile Integration with TradingView
WikiFXBinance Ordered to Unmask Account Holder in €186,000 Crypto ‘Pig Butchering’ Scam
WikiFXWill Trump’s Second Term Drive Economic Growth Through Tax Cuts?
WikiFXInstaForex Lucky Trader Contest
WikiFXWhat Happens if A Broker Goes Bust?
WikiFXATFX Expands LATAM Presence with New Mexico Office
WikiFXCySEC Warns against Public Review Websites
WikiFXRate Calc
