FenzoFx
abstrak：FenzoFx is a decentralized forex broker that enables anonymous trading, low transaction costs, and global access. Based on blockchain technology, the platform does not require KYC certification and supports trading in over 100 products, including forex, cryptocurrencies, commodities, indices, and stocks. It is suitable for experienced traders seeking privacy protection and low-cost trading. However, the lack of regulation and risks associated with high leverage require caution. Novice traders are advised to first experience the platform through the no-deposit bonus before deciding on long-term investment.
| FenzoFx Review Summary | |
| Founded | 2024-05-08 |
| Registered Country/Region | United Kingdom |
| Regulation | Unregulated |
| Market Instruments | Stocks, Indices, Currencies, Agriculture, Commodities, and Cryptocurrencies |
| Demo Account | ❌ |
| Leverage | Up to 1:200 |
| Spread | From 0.5 pips |
| Trading Platform | Mobius Trader (Web, mobile, and desktop) |
| Min Deposit | No |
| Customer Support | |
FenzoFx Information
FenzoFx is a decentralized forex broker that enables anonymous trading, low transaction costs, and global access. Based on blockchain technology, the platform does not require KYC certification and supports trading in over 100 products, including forex, cryptocurrencies, commodities, indices, and stocks. It is suitable for experienced traders seeking privacy protection and low-cost trading.
However, the lack of regulation and risks associated with high leverage require caution. Novice traders are advised to first experience the platform through the no-deposit bonus before deciding on long-term investment.
Pros and Cons
| Pros | Cons |
| Regulated | Unregulated |
| Zero commission | Complex no-deposit bonus |
| Swap free | MT4/MT5 not available |
| Spread as low as 0.5 pips (Forex) | |
| Leverage up to 1:200 (Forex) | |
| Multi-platform compatibility | |
| Cryptocurrency payments | |
| Abundant campaigns and bonuses | |
| 24/7 support |
Is FenzoFx Legit?
FenzoFx is not regulated, and its official website does not disclose any regulatory qualifications (such as FCA, ASIC, etc.), indicating that it lacks endorsement from authoritative institutions.
What Can I Trade on FenzoFx?
FenzoFx offers Forex, cryptocurrencies, commodities, indices, stocks, and agriculture.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Stocks | ✔ |
| Cryptocurrencies | ✔ |
| Indices | ✔ |
| Agriculture | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type
FenzoFx offers 4 types of accounts.
Standard Account: Commission-free and swap-free, suitable for all traders.
PAMM Account: Designed for investors to entrust professional traders with fund management. The minimum investment is $100, and fund managers must deposit $2000. Profits are distributed proportionally: 70% for investors and 30% for managers.
Prop Trading Account: Available in two tiers: a $500 account (with a $5 application fee) and a $1000 account (with a $10 application fee). Traders must achieve profit targets (3 times the initial capital) within 150 days.
No Deposit Bonus Account (limited-time offer): An experiential account exclusive to new users, providing real trading funds without deposit. Users can get $50 upon registration, limited to forex trading, and valid for 30 days.
| Account Type | Standard | PAMM | Prop Trading | No Deposit Bonus |
| Suitable for | All traders | Investors /asset managers | Traders verifying strategies | New users for the experience |
| Minimum Investment | $1 | $100 (investment) | $5 (application fee) | $0 |
| Minimum Spread | From 0.5 pips | - | - | - |
| Commossion | 0 | - | - | - |
| Maximum Leverage | 1:200 | - | - | - |
| Core Advantages | Low threshold, full product coverage, Swap Free | Copy trading, transparent profit sharing, and risk diversification | Low-cost startup, high leverage (1:200) | Zero-cost trial investment |
FenzoFx Fees
The forex spread starts from 0.5 pips, while the spreads for cryptocurrencies and stocks fluctuate with the market. FenzoFx offers commission-free trading. In addition, major currency pairs, cryptocurrencies, and commodities are free of overnight interest (swap), except for indices and stocks.
Leverage
| Product | Leverage Ratio | Remarks |
| Foreign Exchange | 1:200 | Applicable to major currency pairs (e.g., EUR/USD, GBP/USD, etc.) |
| Commodities | 1:100 | Gold, crude oil, etc. |
| 1:50 | Special commodities (e.g., natural gas) | |
| Indices | 1:100 | Applicable to global stock indices (e.g., SPX500, US30, etc.) |
| Cryptocurrencies | 1:50 | Major currencies (e.g., BTC/USD, ETH/USD) |
| 1:25 | Other cryptocurrencies (e.g., XRP/USD, LTC/USD) | |
| Stocks | 1:25 | Applicable to individual stocks (e.g., AAPL, TSLA, etc.) |
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