ZenovaFx

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

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

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.

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.

Trading Platform

Deposit and Withdrawal