Score
ZenovaFx
Mauritius|2-5 years| https://zenovafx.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+44 1233 281532
Other ways of contact
Broker Information
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ZenovaFx Capital Limited
ZenovaFx
Mauritius
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
WikiFX Verification
| Benchmark | -- |
|---|---|
| Maximum Leverage | -- |
| Minimum Deposit | -- |
| Minimum Spread | From 2 |
| Products | Forex, CFD, Indices, Metals and Energy |
| Currency | -- |
|---|---|
| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $10,000 |
| Minimum Spread | From 1 |
| Products | Forex, CFD, Indices, Metals and Energy |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $10 per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $5,000 |
| Minimum Spread | From 1.5 |
| Products | Forex, CFD, Indices, Metals and Energy |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $10 per lot |
| Benchmark | -- |
|---|---|
| Maximum Leverage | 1:500 |
| Minimum Deposit | $1000 |
| Minimum Spread | From 2 |
| Products | Forex, CFD, Indices, Metals and Energy |
| Currency | -- |
|---|---|
| Minimum Position | 0.01 |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | $10 per lot |
- Fundamental Item(A)
- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
- Transaction Risk
- Underlying Risk
Capital
$(USD)
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ZenovaFx · Company Summary
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 |
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