ZenovaFx

ZenovaFx | 2024-10-25 10:36

Extrait：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		Within 1 business day	USD, AED, NGN and local currencies

Withdrawal Option	Fee	ProcessingTime	Accepted Currency
Bitcoin	❌	Instant	USD
Tether		Instant	USD
Bank Wire Transfer		Within 1 hour	USD, AED
Local Transfer		Within 1 hour	USD, AED, NGN and local currencies