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https://zeyfex.com/
Website
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
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Zeyfex LLC
zeyfex
Saint Vincent and the Grenadines
Pyramid scheme complaint
Expose
General Information &Regulation
Zeyfex says to be a new concept broker offering more than 30 000 trading instruments from forex pairs to CFDs on stocks and crypto coins. However, Zeyfex is just another unregulated broker trying to scam brokers.
Market Instruments
At Zeyfex, traders can get access to a series trading assets including forex pairs to CFDs on stocks and crypto coins.
Minimum Deposit
Zeyfex says that for a Standard Account they do not have a minimum deposit requirement. Although this sounds encouraging, given the fact that Zeyfex is unregulated, traders are not advised to register real trading accounts here.
Leverage
The leverage Zeyfex provides is also too much – up to 1:500, available to any trader. Such amounts have been deemed to be too high by most regulatory bodies as well.
Spreads & Commissions
When it comes to trading costs, spreads Zeyfex offers are too wide – moving well above the accepted amount of 1 pip for FX majors like the EURUSD.
Trading Platform Available
Zeyfex provides access to the Metatrader 5 trading platform – the most revered piece of trading software and what is considered to be the industry standard nowadays
Deposit & Withdrawal
Zeyfex accepts deposits via Bitcoin and wire transfers – two methods, preferred among scammers, because they are not eligible for any form of chargeback. And considering that Zeyfex does not really have any information on its withdrawal policy available, or what fees withdrawals incur, a chargeback might be the only way to get your money back from the broker.
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