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Zenstox

Seychelles|2-5 years|
Retail Forex License|Suspicious Scope of Business|Medium potential risk|Offshore Regulated|

https://www.zenstox.com/

Website

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Contact

+52 8153516698
customer.service@zenstox.com
https://www.zenstox.com/
Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles

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WikiFX Risk Alerts 2
Previous Detection : 2024-05-21
  • The Seychelles FSA regulation with license number: SD123 is an offshore regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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Zenstox · Company Summary

Aspect Information
Company Name Zenstox
Registered Country/Area Seychelles
Founded Year 1-2 years
Regulation Regulated by FSA
Minimum Deposit $200
Maximum Leverage N/A
Spreads Variable, depend on the underlying asset
Trading Platforms Custom-built Zenstox platform
Tradable assets CFDs on Forex, Stocks, Indices, Commodities, Cryptocurrencies
Account Types N/A
Demo Account N/A
Customer Support Email (customer.service@zenstox.com), Phone (+97145285133), WhatsApp (+97143118110)
Deposit & Withdrawal VISA, MasterCard, e-wallet, bank transfers
Educational Resources Autochartist (technical analysis tool), Charts, Economic Calendar, News, Customer Support

Overview of Zenstox

Zenstox is a trading platform offering Contracts for Difference (CFDs) on various assets including forex, stocks, indices, commodities, and cryptocurrencies. They are regulated by the Seychelles Financial Services Authority. Zenstox offers a user-friendly, custom-built trading platform with educational resources including an economic calendar, charts, news, and Autochartist, a technical analysis tool. To start trading, you can deposit a minimum of $200 and they offer multiple deposit/withdrawal methods including credit cards, e-wallets, and bank transfers. Customer support is available via email, phone, and WhatsApp.

Overview of Zenstox

Pros and Cons

Pros Cons
Regulated by the Seychelles Financial Services Authority No demo account available
User-friendly trading platform Spreads are not the tightest in the industry
Wide range of tradable assets Customer support is not available 24/7
Educational resources available
Multiple deposit/withdrawal methods

Pros

  • Regulated Broker: Zenstox is regulated by the Seychelles Financial Services Authority (SFSA), which provides a level of security and oversight for traders. This can be important for those who are concerned about the safety of their funds.

  • User-Friendly Platform: Zenstox boasts a custom-built trading platform designed for ease of use. This can be beneficial for beginners or those who prefer a simple and intuitive interface.

  • Wide Range of Tradable Assets: Zenstost offers a diverse selection of CFDs, including forex, stocks, indices, commodities, and cryptocurrencies. This allows traders to diversify their portfolios and capitalize on opportunities across various markets.

  • Educational Resources: Zenstox provides a variety of educational resources, including Autochartist (a technical analysis tool), charts, an economic calendar, and news updates. This can be helpful for traders of all experience levels who want to improve their understanding of the financial markets.

  • Multiple Deposit/Withdrawal Methods: Zenstox offers a convenient selection of deposit and withdrawal methods, including credit cards, e-wallets, and bank transfers. This flexibility allows traders to choose the method that best suits their needs.

Cons

  • No Demo Account: Zenstox does not offer a demo account, which is a practice platform that allows traders to try out the platform and test their trading strategies with virtual funds before committing real money. This can be a disadvantage for beginners who want to get comfortable with the platform before risking their capital.

  • Spreads Not Tightest: While Zenstox offers CFD trading, the spreads (the difference between the buy and sell price) may not be the most competitive in the industry. This can affect profitability, especially for high-volume traders.

  • Customer Support Limitations: While Zenstox offers customer support via email, phone, and WhatsApp, it is unclear if support is available 24/7. This could be an issue for traders who need assistance outside of regular business hours.

Regulatory Status

Zenstox operates under the regulatory oversight of the Seychelles Financial Services Authority. As an offshore regulatory body, the Seychelles Financial Services Authority governs Zenstox's activities in the retail forex market. Zenstox holds a Retail Forex License issued by the Seychelles authorities, which ensures compliance with regulatory standards set by the Seychelles jurisdiction. The license number for Zenstox is SD123, indicating its authorization to conduct forex trading activities under the supervision of the Seychelles Financial Services Authority.

Regulatory Status

Market Instruments

Zenstox's platform features an extensive list of premium Contracts for Difference (CFDs), covering various symbols including Forex, Stocks, Indices, Commodities, and Cryptocurrencies.

For beginners, Zenstox provides insightful guidance on the significance of commodities, showcasing both popular options like gold, crude oil, and natural gas, as well as lesser-known commodities.

Additionally, they emphasize the importance of including commodities in investment portfolios for both beginners and seasoned investors. With a focus on security and accessibility, Zenstox facilitates online trading of indices and offers explanations on Exchange-Traded Funds (ETFs) to help investors profit from them.

Moreover, investors can explore over 300 CFDs representing companies worldwide, spanning diverse market segments such as technology, pharmaceuticals, aviation, and sports. Whether trading FAANG stocks, pharmaceutical giants, or iconic football clubs, Zenstox provides a comprehensive platform for investors to engage in global markets and seize investment opportunities.

Market Instruments

How to start?

To start trading on Zenstox, follow these five simple steps:

Contact Zenstox: Reach out to Zenstox via phone call or email. They will provide you with all the information you need about their platform and CFD trading in general.

Deposit Funds: If you're interested in starting to trade, initiate the deposit process by filling out your details with Zenstox.

Minimum Deposit: The minimum deposit amount is $200, but you can deposit more if you prefer.

Learning Materials: Once you've deposited funds, you'll receive an e-book and training materials specifically designed for beginner traders.

Start Trading: After familiarizing yourself with the platform and CFD trading through the provided materials, you can begin trading.

Spreads & Commissions

Zenstox has spreads for trading CFDs. They don't charge additional commissions on top of the spread fee to open a trade.

Trading Platform

The Zenstox platform is a custom-built trading suite designed for ease of use across all experience levels. It boasts an intuitive interface, essential market data with customizable alerts (economic calendar, charts, news), and a comprehensive view of global markets to empower informed trading decisions. Risk management tools like Stop Loss and Take Profit are integrated, while the standout Autochartist feature utilizes advanced technical analysis to identify potential opportunities.

Trading Platform

Deposit & Withdrawal

Zenstox offers multiple convenient payment methods for depositing and withdrawing funds from your trading account. Simply log in to the platform, navigate to the “Deposit” or “Withdrawal” section, and choose your preferred method, which includes VISA, MasterCard, e-wallet, and bank transfers. You can also print a Withdrawal Form from the website and submit it via email. .

Notably, Zenstox does not charge fees for deposits or withdrawals. However, traders should be aware of other applicable fees, including Spread Fees for each trade opened, Rollover Fees for trades left open overnight, and an Administrative Fee for inactive accounts over a period of three months.

Customer Support

Zenstox provides customer support services to assist traders with any inquiries or issues. Traders can reach out to the Customer Service team via email at customer.service@zenstox.com, providing a convenient channel for written communication. Additionally, there is a dedicated Customer Service number, +97145285133, enabling direct phone contact for immediate assistance. For those preferring messaging apps, Zenstox offers support through WhatsApp at +97143118110, ensuring accessibility through various communication platforms.

Customer Support

Educational Resources

Zenstox offers a wealth of educational resources to empower traders and enhance their understanding of the market.

One key feature is Autochartist, an intelligent tool for technical analysis that provides insights derived from extensive data analysis and historical trends. Traders can utilize comprehensive Charts to visualize market trends and patterns, facilitating informed decision-making. The Economic Calendar keeps traders updated on important economic events and their potential impact on the market. Access to timely News enables traders to stay informed about market developments and trends.

Additionally, Zenstox provides robust Support services to assist traders with any questions or issues they encounter, ensuring a supportive environment for learning and trading success. With these educational resources, Zenstox equips traders with the knowledge and tools necessary to navigate the complexities of the financial markets effectively.

Conclusion

Zenstox offers a user-friendly platform for trading CFDs across a variety of assets, with the security of being regulated by the Seychelles Financial Services Authority. Educational resources and multiple deposit/withdrawal methods are a plus. However, the lack of a demo account, potentially higher spreads, and limited information about the company itself or maximum leverage offered are drawbacks to consider before signing up with Zenstox.

FAQs

Question: Is Zenstox a safe platform to trade with?

Answer: Zenstox is regulated by the Seychelles Financial Services Authority (FSA), which provides a level of oversight and security for traders.

Question: Is Zenstox a good fit for beginners?

Answer: Zenstox's user-friendly platform and educational resources can be helpful for beginners. However, the lack of a demo account is a drawback, as it wouldn't allow you to practice trading before risking real money.

Question: What variety of assets can I trade with Zenstox?

Answer: Zenstox offers a wide range of Contracts for Difference (CFDs) on assets like forex, stocks, indices, commodities, and cryptocurrencies.

Question: Are there any fees associated with using Zenstox?

Answer: Zenstox charges spreads for CFD trading. While they don't charge additional commissions on top of the spread, there are other fees, such as rollover fees and an inactivity fee.

Question: How can I contact Zenstox customer support?

Answer: Zenstox offers customer support via email, phone, and WhatsApp.

Broker Information

Company Name

VIE FINANCE SEY LTD

Company Abbreviation

Zenstox

Regulatory Status

Offshore Regulatory

Platform registered country and region

Seychelles

Company website
Phone of the company
  • +52 8153516698

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Company address
  • Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles

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Customer Service Email Address
  • customer.service@zenstox.com

Company Summary

User Reviews

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Juno Mrug
more than one year
Zenstox's mobile app is so so smooth! It could beat mt4 or mt5. Great flexibility, I can trade anywhere. I am not talking big, order execution on average within 30 milliseconds, fastest trading software I have used!
2024-04-19 15:56
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