General Information
Zenfinex is a global retail and institutional brokerage formed by traders for traders, headquarted in London, Mayfair, United Kingdom. Zenfinex Limited is a company registered in England and Wales under registered number: 11077380. Zenfinex offers its clients access to a wide range of trading assets, low spread trading environment, both MT4 and MT5 trading platform available.
Regulation
Zenfinex Limited, authorized and regulated by the Financial Conduct Authority (FCA), with Regulatory License No. 816055
Zenfinex Global Limited, authorized and regulated by the Seychelles Financial Services Authority (FSA) with Regulatory License No. 8428731-1
Market Instruments
Zenfinex offers investors a range of financial instruments including Forex (over 50 currency pairs), Metals, Commodities, Indices and Stocks.
Accounts
There are three types of accounts for investors to choose from at Zenfinex, namely Standard (minimum deposit of £50/$50/€50), Pro (minimum deposit of £2,500/$2,500/€2,500) and VIP (minimum deposit of £10,000/$10,000/€10,000).
Standard Account-This account is designed for new or intermediate traders that want a complete trading experience.
Open an account with a minimum deposit of £50/$50/€50
Use the maximum trading leverage of up to 1：500
Trade across Forex, Metals, Indices, and Commodities
Trade on MT4, MT5, or Zenconnect
No commission fee
Pro Account-This account is for professional traders that want low commission rates and institutional spreads.
Minimum deposit of £2,500/$2,500/€2,500
Use the maximum trading leverage of up to 1: 500
Trade across Forex, Metals, Indices, and Commodities
Institutional Spreads and low commission rates
$3.5 per side per 100,000 traded/ $3 (for accounts >$20,000)
VIP Account-This account is for professionals that trade at high volumes. It allows you to access raw forex interbank market spreads and more.
With a minimum deposit of £10K, $10K or $10K
Leverage of up to 500:1
Access raw FX interbank market spreads
Enjoy the best commission rates
$2 per side per 100,000 traded
Demo Accounts
There is also the demo account which enables beginner traders to try out the broker's platforms and practice risk-free trading with virtual funds. It can also be good for trying out different strategies and building you confidence before you make a financial commitment.
Leverage
The maximum trading leverage that traders can use is capped at 1:30 for clients according to the ESMA regulation to protect retail traders.
Spreads & Commissions
The spread for EUR/USD is as low as 0.1 pips, GBP/USD as low as 0.3 pips, USD/JPY as low as 0.2 pips, AUD/USD as low as 0.4 pips, EUR/GBP as low as 0.3 pips. No commission is charged for the Standard Account. For the Pro Account, the commission is USD $8, EUR€7, GBP £6. For the VIP Account, the commission is USD $6, EUR€5, GBP £4.5
Trading Platform
Zenfinex provides clients with access to the worlds financial markets via the MetaTrader 4 (MT4) and the MetaTrader 5 (MT5) platform (Desktop/Web/Mobile).
Deposits & Withdrawals
The payment methods for international investors include GBP/EUR/USD Bank account (the deposit fee is for free and the withdrawal fee is 20 GBP/EUR/USD), Bank cards (the deposit fee is for free and the withdrawal fee is 3.5 GBP/EUR/USD per trasaction), Skrill and PayU.
Educational Resources
Zenfinex provides some educational resources easy to understand and digest and well explained, which include a series of instructional video analyst, Market Analysis, Podcost and more.
Trading Hours
The trading times at Zenfinex depend on the specific market. For example, the Forex market is open Sunday 17:00 - Friday 17:00 ET.
Accepted Countries
Zenfinex is not directed at residents of the United States or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Pros & Cons
Frequently Asked Questions
Q: Is Zenfinex regulated？
A: Zenfinex's UK entity is regulated by the FCA under license no. 816055, and the its global entity is regulated by the FSA in Seychelles under license number: SD092.
Q: Does Zenfinex accept US Traders？
A: No, Zenfinex does not accepts US traders.
Q: What live accounts can I choose from with the Zenfinex platform？
A: There are three types of trading accounts are on offer, Standard, Pro and VIP.
Q: How do I deposit money with Zenfinex？
A: You can choose to deposit money with Bank Cards, Skrill and payU.
Q: What trading instruments are provided by Zenfinex ？
A: Zenfinex makes Forex Metals, Commodities, Indices and Stocks available to trade.
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