Dzengi Com Forex Broker

Dzengi.com Broker - Complete Information Guide

1. Broker Overview

Dzengi.com, officially known as Dzengi CJSC, was founded in May 2019. The company is headquartered in Minsk, Belarus, and operates additional offices in Gibraltar and London, United Kingdom. As a privately held entity, Dzengi.com has positioned itself as a prominent player in the cryptocurrency and tokenized assets market.

The broker primarily serves a global clientele, focusing on investors interested in trading cryptocurrencies and tokenized financial assets. Since its inception, Dzengi.com has undergone significant developments, including a major rebranding from its previous name, Currency.com, on October 24, 2022. This rebranding reflects the company's commitment to providing innovative trading solutions that connect traditional financial markets with the rapidly evolving cryptocurrency landscape.

The business model of Dzengi.com encompasses retail forex trading and the provision of services for institutional clients, offering a diverse range of trading instruments that include cryptocurrencies, tokenized stocks, commodities, and indices. This comprehensive approach aims to democratize finance, making it accessible to a broader audience and enhancing the trading experience for both novice and experienced investors.

2. Regulatory and Compliance Information

Dzengi.com operates under the regulatory framework established by the High Technologies Park (HTP) in Belarus, which oversees the operations of blockchain-based businesses in the country. The regulatory number attributed to Dzengi.com is TIN 193665666. This regulation ensures that the broker adheres to strict compliance standards, including Anti-Money Laundering (AML) and Know Your Customer (KYC) requirements.

Despite being regulated in Belarus, Dzengi.com has limited regulatory oversight in other jurisdictions. The broker holds licenses to operate in Gibraltar and the United Kingdom, but it does not have a license from major regulatory bodies such as the Financial Conduct Authority (FCA) in the UK or the Securities and Exchange Commission (SEC) in the United States. The lack of comprehensive regulation is a point of concern for potential investors.

Client funds are subject to a strict segregation policy, ensuring that investor capital is kept separate from the company's operational funds. This practice minimizes the risk of loss in case of financial difficulties faced by the broker. Additionally, Dzengi.com does not participate in any investor compensation schemes, which may leave clients exposed in case of insolvency.

3. Trading Products and Services

Dzengi.com offers a wide array of trading products, focusing on over 2000 tokenized assets and a variety of cryptocurrencies. The broker supports trading in major currency pairs and provides access to a selection of CFDs on indices, commodities, and stocks. Notable assets available for trading include:

• Cryptocurrencies: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and over 150 additional digital assets.
• Tokenized Assets: Shares of major companies like Apple, Amazon, and Tesla, as well as commodities such as gold and crude oil.
• Indices: Major market indices like the S&P 500 and DAX 30.

The platform regularly updates its offerings, introducing new products to meet the evolving demands of traders. Dzengi.com primarily caters to retail clients but also provides services to institutional investors, including tailored solutions for asset management and trading strategies.

4. Trading Platforms and Technology

Dzengi.com provides access to its trading services through a proprietary web-based platform, as well as mobile applications available for both iOS and Android devices. The platform supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5), allowing traders to utilize advanced trading tools and features.

The trading interface is designed for experienced traders, featuring:

• A user-friendly layout with real-time data and advanced charting capabilities.
• Integration with TradingView, providing access to a wide range of technical analysis tools and indicators.
• Support for multiple order types, including market, limit, and stop-loss orders.

Dzengi.com employs a robust technological infrastructure, ensuring high-speed trade execution and reliability. The platform is equipped with a matching engine capable of processing up to 50 million trades per second. Additionally, the broker offers an API for automated trading, allowing users to create custom trading applications and strategies.

5. Account Types and Trading Conditions

Dzengi.com offers several account types to cater to different trading needs, including:

• Standard Account: Requires a minimum deposit of $20 with competitive spreads starting from 0.05% for tokenized assets.
• Advanced Accounts: Options for professional traders, including VIP accounts that provide enhanced features and lower fees.
• Islamic Accounts: Available for traders who require compliance with Sharia law.

The platform also offers a demo account, allowing users to practice trading without risk. The leverage offered by Dzengi.com varies by asset class, with a maximum leverage of up to 1:500 available for certain products. The minimum trade size and overnight fees are clearly outlined in the account specifications.

6. Fund Management

Dzengi.com supports various deposit methods, including bank transfers, credit cards, and cryptocurrency deposits. The minimum deposit requirement varies by account type, with the following options available:

• Bank Transfer: Minimum deposit of $50, with no fees for processing.
• Credit Card: Minimum deposit of $20, subject to a 3.5% processing fee.

Deposits are typically processed instantly, while withdrawal methods include bank accounts, cards, and cryptocurrency wallets. Withdrawal processing times can vary, with bank withdrawals taking up to 1-2 business days and cryptocurrency withdrawals typically processed within minutes. Withdrawal fees apply, with a 0.15% fee for fiat withdrawals.

7. Customer Support and Educational Resources

Dzengi.com offers a range of customer support channels, including:

• Email Support: Available 24/7 for inquiries and assistance.
• Live Chat: Instant support for urgent issues.
• Social Media: Active presence on platforms like Facebook and Telegram.

The broker provides customer service in multiple languages, catering to a diverse clientele. Educational resources are also available, including webinars, tutorials, and market analysis reports to help traders enhance their knowledge and skills.

8. Regional Coverage and Restrictions

Dzengi.com operates primarily in regions such as Europe, Asia, and Africa, but it has certain restrictions in place. Notably, residents of the United States, Syria, North Korea, and several other countries are prohibited from accessing the platform due to regulatory compliance issues. The broker's operations are expanding, with plans to enhance its market presence in various jurisdictions.

In conclusion, Dzengi.com broker presents a unique opportunity for traders interested in tokenized assets and cryptocurrencies. While it offers a comprehensive trading platform and a wide range of products, potential investors should consider the regulatory environment and the associated risks before engaging with the broker.