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Score

0123456789
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/10

Zumafx

South Africa|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|Suspicious Overrun|High potential risk|

https://www.zumafx.com/en

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
SPMHypersonic-LIVE01 MT5
Server Location Netherlands

Contact

+27(10)446-3938
support@zumafx.com
https://www.zumafx.com/en

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+27(10)446-3938

Spanish

+52 5585266816

Spanish

+57 15801841

Broker Information

More

Company Name

Red Pine Capital (Pty) Limited

Company Abbreviation

Zumafx

Platform registered country and region

South Africa

Company website

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-03-05
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The South AfricaFSCA regulation (license number: 46044) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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Zumafx · Company Summary

Company Summary

Company profile

General Information & Regulation

Zumafx is a product of Red Pine Capital (Pty) based in Johannesburg, South Africa, which holds a Financial Services Corporate Licence from the Financial Sector Conduct Authority in South Africa (Regulation No. 46044). Zumafx provides bespoke trading brokerage services to institutional clients, fund managers, and professional traders worldwide, with the ultimate goal of Zumafx itself, which is not subject to any effective regulation.

Market Instruments

Zumafx provides investors with financial products such as Forex currency pairs, commodities, indices, and CFD stocks.

Minimum Deposit

In terms of minimum deposit requirement, Zumafx doesn't make this part clear. Most brokers, in fact, would requires traders to fund at least $100 as a start.

Zumafx Leverage

Trading leverage varies depending on particular instruments. The maximum leverage is up to 1:500 (variable) for forex currency pairs, 1:100 for commodities and CFD products, and 1:20 for stocks.

Spreads & Commissions

Zumafx offers spreads of 14 pips on EURUSD, 17 pips on EURGBP, 15 pips on GBPUSD, 23 pips on Alibaba stock, 26 pips on Baidu Stock, 59 pips on S&P 500 indices, 70 pips on German 30 indice, 29 pips on XAUUSD, 22 pips on XAGUSD and 9 pips on Brent Crude.

Trading Platforms

Zumafx offers traders the most popular MT5 trading platform available today, as well as MT5 Desktop, MT5 Android, MT5 iPhone, and MT5 iPad to meet a wide range of user needs. MT5 is the latest generation of trading platforms that are popular with traders around the world. Thanks to its unique and advanced multi-asset technology, MT5 provides direct access to over 12,000 markets with advanced charts and advanced trading tools for technical and fundamental analysis.

Deposit & Withdrawal

Zumafx official website displays some payment methods logos, including Neteller, Skrill, Visa, Mastercard, AstroPay, etc. As there is no related details furthe explained, we have no idea about whether these payment methods can be truly used.

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User Reviews

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2

Comments

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FX1290466291
more than one year
You deserve 5 Star for withdraw speed I recommend this broker fast deposit and almost real instant withdraw. No matter what other people say about this broker, I find it is a great one.
2023-03-01 09:26
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0
0
12359132
more than one year
This is a huge deceit. They're looking for people from all across the world, operating and stealing money from innocent people. I have lost more than $1,000.It had been an awful experience dealing with them.
2022-12-06 18:10
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0
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