Zenfinex broker Accounts

zenfinex Account Types & Opening Guide 2025: Complete Comparison and Registration Steps

zenfinex Account Types Explained

Zenfinex offers a variety of account types tailored to meet the needs of different traders. Below is an overview of the available account types, including their minimum deposit requirements, spread/commission structures, leverage options, key features, target user profiles, and available trading instruments.

Account Types Overview

Recommended Account Types by Trader Level

• Beginners: Standard Account
• Intermediate Traders: Pro Account
• Advanced Traders: VIP Account

Detailed zenfinex Account Features

Comparison of Features Across Account Types

• Minimum Deposit:

• Standard: 50 USD

• Pro: 2,500 USD

• VIP: 10,000 USD

• Maximum Leverage:

• All account types offer a maximum leverage of 1:400.

• Spreads:

• Standard: Variable spreads

• Pro: Variable spreads with lower rates

• VIP: Variable spreads with competitive rates

• Commission Fees:

• Standard: No commission

• Pro: 8 USD per lot

• VIP: 6 USD per lot

• Lot Size:

• Minimum trade size for all accounts is 0.01 lots.

• Available Trading Platforms:

• All accounts can access MetaTrader 4 and MetaTrader 5.

• Execution Type:

• All accounts utilize market execution.

• Islamic Account Availability:

• Currently, Zenfinex does not offer swap-free Islamic accounts.

• Demo Account Features:

• Available for all account types, allowing traders to practice without financial risk.

Advantages and Disadvantages of Each Account Type

Standard Account

• Advantages:
• Low minimum deposit
• No commissions
• Suitable for beginners
• Disadvantages:
• Higher spreads compared to Pro and VIP accounts

Pro Account

• Advantages:
• Lower commission fees
• Suitable for active traders
• Access to advanced trading tools
• Disadvantages:
• Higher minimum deposit than Standard account

VIP Account

• Advantages:
• Tailored support and premium services
• Competitive commission rates
• Disadvantages:
• High minimum deposit requirement

zenfinex Account Registration Requirements

Eligibility Criteria

• Age Requirements: Must be at least 18 years old.
• Geographic Restrictions: Zenfinex is available in multiple countries, but specific regions may be restricted.
• Prohibited Countries: Countries under sanctions or with specific regulatory restrictions may not be eligible.

Identity Verification Documents Needed

• Primary Identification: Passport or national ID card.
• Proof of Residence: Utility bill or bank statement dated within the last three months.

Additional Documentation for Professional Accounts

• Additional documentation may be required to verify trading experience and financial status.

KYC/AML Compliance Procedures

Zenfinex adheres to strict Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, requiring all clients to verify their identity and residence before trading.

Verification Time Frames

Account verification typically takes 1-3 business days, depending on the completeness of the submitted documentation.

Step-by-Step zenfinex Account Opening Guide

Registration Process

1. Visit the Website: Go to the Zenfinex official website.
2. Click Registration: Locate and click the "Register" button.
3. Personal Information Entry: Fill in your personal details, including name, email, and phone number.
4. Choose Account Type: Select the account type that suits your trading needs.
5. Set Trading Preferences: Specify your trading preferences and risk tolerance.
6. Document Upload: Upload the required identity verification documents.
7. Account Verification: Wait for the verification process to complete.
8. Fund Your Account: Deposit funds to start trading.
9. Start Trading: Access the trading platform and begin trading.

Desktop vs Mobile Registration Differences

The registration process is similar on both desktop and mobile platforms, with the mobile version optimized for ease of use.

Common Registration Issues and Solutions

• Issue: Document upload fails.
• Solution: Ensure documents are clear and in the correct format.
• Issue: Verification delays.
• Solution: Contact customer support for assistance.

Average Account Approval Time

Typically, account approval takes between 1 to 3 business days.

How to Upgrade/Downgrade Account Types

Account types can be changed by contacting customer support and providing the necessary documentation for the new account type.

zenfinex Demo Account Guide

Demo Account Features and Benefits

• Features: Access to the full trading platform with virtual funds.
• Benefits: Allows traders to practice strategies without financial risk.

How to Open a Demo Account

• Visit the Zenfinex website and select the option to open a demo account. Follow the prompts to create your account.

Demo Account Limitations

• Virtual accounts may have limited features compared to live accounts, such as restricted access to certain trading instruments.

Virtual Balance Amount

Demo accounts typically come with a virtual balance of 100,000 USD.

Demo vs Live Account Differences

Demo accounts use virtual funds, while live accounts involve real money and actual trading conditions.

Duration/Expiry of Demo Accounts

Demo accounts usually remain active for a limited period, often around 30 days, but may be extended upon request.

zenfinex Islamic Account Details

Swap-Free/Islamic Account Availability

Currently, Zenfinex does not offer Islamic or swap-free accounts.

Eligibility Requirements

As there are no Islamic accounts available, eligibility requirements for such accounts do not apply.

Differences from Standard Accounts

N/A

How to Apply for Islamic Account

N/A

Restrictions or Special Conditions

N/A

FAQs – zenfinex Account Types & Opening

1. What account types does zenfinex offer？

• Zenfinex offers Standard, Pro, and VIP accounts.

1. What is the minimum deposit for each account type？

• Standard: 50 USD, Pro: 2,500 USD, VIP: 10,000 USD.

1. How long does zenfinex account verification take？

• Verification typically takes 1-3 business days.

1. Does zenfinex offer demo accounts？

• Yes, demo accounts are available for all account types.

1. Can I have multiple account types with zenfinex？

• Yes, you can have multiple account types, but you need to contact customer support for changes.

1. Does zenfinex offer Islamic/swap-free accounts？

• No, zenfinex does not currently offer Islamic or swap-free accounts.

1. What documents do I need to open a zenfinex account？

• A primary identification document and proof of residence are required.

1. Can I change my account type after registration？

• Yes, account types can be changed by contacting customer support.