FenzoFx

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

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.

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.

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