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FenzoFx foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://portal.fenzofx.com/auth/registration, about the company's legal and temporary regulatory information, the company's address .

FenzoFx Forex Broker

Basic Information

Registered Region
United Kingdom
Operating Period
--
Company Name
FenzoFx
Abbreviation
FenzoFx
Company employee
--
Company Website
Keywords
1-2 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

FenzoFx Review Summary Founded2024-05-08 Registered Country/RegionUnited Kingdom RegulationUnregulated Market InstrumentsStocks, Indices, Currencies, Agriculture, Commodities, and Cryptocurrencies Demo Account❌ LeverageUp to 1:200 SpreadFrom 0.5 pips Trading PlatformMobius Trader (Web, mobile, and desktop) Min DepositNo Customer SupportEmailFenzoFx Information FenzoFx is a decentralized forex broker that enables anonymous trading, low transaction costs, and global access. Based on blockchain technology, the platform does not require KYC certification and supports trading in over 100 products, including forex, cryptocurrencies, commodities, indices, and stocks. It is suitable for experienced traders seeking privacy protection and low-cost trading. However, the lack of regulation and risks associated with high leverage require caution. Novice traders are advised to first experience the platform through the no-deposit bonus before deciding on long-term investment.Pros and Cons Pros Cons RegulatedUnregulated Zero commissionComplex no-deposit bonus Swap freeMT4/MT5 not available Spread as low as 0.5 pips (Forex) Leverage up to 1:200 (Forex) Multi-platform compatibility Cryptocurrency payments Abundant campaigns and bonuses 24/7 supportIs FenzoFx Legit? FenzoFx is not regulated, and its official website does not disclose any regulatory qualifications (such as FCA, ASIC, etc.), indicating that it lacks endorsement from authoritative institutions.What Can I Trade on FenzoFx? FenzoFx offers Forex, cryptocurrencies, commodities, indices, stocks, and agriculture. Tradable Instruments Supported Forex✔ Commodities✔ Stocks✔ Cryptocurrencies✔ Indices✔ Agriculture✔ ETFs❌ Bonds❌ Mutual Funds❌Account Type FenzoFx offers 4 types of accounts. Standard Account: Commission-free and swap-free, suitable for all traders. PAMM Account: Designed for investors to entrust professional traders with fund management. The minimum investment is $100, and fund managers must deposit $2000. Profits are distributed proportionally: 70% for investors and 30% for managers. Prop Trading Account: Available in two tiers: a $500 account (with a $5 application fee) and a $1000 account (with a $10 application fee). Traders must achieve profit targets (3 times the initial capital) within 150 days. No Deposit Bonus Account (limited-time offer): An experiential account exclusive to new users, providing real trading funds without deposit. Users can get $50 upon registration, limited to forex trading, and valid for 30 days. Account Type StandardPAMMProp Trading No Deposit Bonus Suitable forAll tradersInvestors /asset managersTraders verifying strategiesNew users for the experience Minimum Investment$1$100 (investment)$5 (application fee)$0 Minimum SpreadFrom 0.5 pips--- Commossion0--- Maximum Leverage1:200--- Core AdvantagesLow threshold, full product coverage, Swap FreeCopy trading, transparent profit sharing, and risk diversificationLow-cost startup, high leverage (1:200)Zero-cost trial investmentFenzoFx Fees The forex spread starts from 0.5 pips, while the spreads for cryptocurrencies and stocks fluctuate with the market. FenzoFx offers commission-free trading. In addition, major currency pairs, cryptocurrencies, and commodities are free of overnight interest (swap), except for indices and stocks.Leverage ProductLeverage RatioRemarks Foreign Exchange1:200Applicable to major currency pairs (e.g., EUR/USD, GBP/USD, etc.) Commodities1:100Gold, crude oil, etc. 1:50Special commodities (e.g., natural gas) Indices1:100Applicable to global stock indices (e.g., SPX500, US30, etc.) Cryptocurrencies1:50Major currencies (e.g., BTC/USD, ETH/USD) 1:25Other cryptocurrencies (e.g., XRP/USD, LTC/USD) Stocks1:25Applicable to individual stocks (e.g., AAPL, TSLA, etc.)

Rating Index

FenzoFx Forex Trading

Minimum Deposit
$1.0
How to login to FenzoFx?
FenzoFx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a FenzoFx Account The registration process for a FenzoFx account is straightforward and designed to get you trading quickly. Follow these detailed steps to comple

  

FenzoFx Forex Broker - Complete Information Guide

  

1. Broker Overview

  FenzoFx, established in 2020, is a forex broker that provides trading services to clients worldwide. The company is headquartered in an undisclosed location, which raises some concerns about its transparency. FenzoFx operates as a private entity, focusing primarily on retail forex trading. The broker aims to serve a diverse clientele, including new traders and experienced investors looking to explore the forex market.

  Over the years, FenzoFx has made significant strides in offering a user-friendly trading environment. The broker's development milestones include the introduction of a no deposit bonus for new clients, allowing them to start trading without any initial investment. This initiative is in line with FenzoFx's mission to provide accessible trading opportunities for all.

  The business model of FenzoFx is centered around retail forex and CFD trading, catering to individual traders and offering competitive trading conditions. The company also aims to expand its services to institutional clients in the future.

  FenzoFx broker is committed to providing a secure and efficient trading platform for its users, ensuring that they can navigate the complexities of the forex market with ease.

  

2. Regulation and Compliance Information

  FenzoFx operates under various regulatory frameworks, although specific details about its regulatory status are somewhat vague. The broker claims to adhere to the standards set by multiple financial authorities, yet it lacks detailed disclosures regarding its licensing and regulatory numbers.

  • Regulatory Bodies: FenzoFx is reported to be regulated by several authorities, but the exact names and details of these regulatory bodies are not provided in the available information.
  • License Validity and Scope: The validity and scope of FenzoFx's licenses remain unclear, as no specific license numbers have been disclosed.
  • Client Fund Protection: The broker states that it maintains a policy for the segregation of client funds, ensuring that traders' deposits are kept separate from the company's operational funds.
  • Investor Compensation Fund: There is no information available regarding FenzoFx's participation in any investor compensation schemes.
  • KYC and AML Compliance: FenzoFx asserts that it complies with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, though specific measures implemented are not detailed.

  The lack of transparency regarding regulatory compliance raises questions about the safety and reliability of trading with FenzoFx broker.

  

3. Trading Products and Services

  FenzoFx offers a variety of trading products, primarily focusing on forex pairs and CFDs.

  • Forex Pairs: The broker provides access to a wide range of currency pairs, including major, minor, and exotic pairs. The exact number of forex pairs available is not specified but is generally competitive in the industry.
  • CFD Products: In addition to forex trading, FenzoFx offers CFDs on indices, commodities, stocks, and cryptocurrencies, catering to a diverse trading portfolio.
  • Unique Trading Instruments: While specific unique products are not mentioned, the inclusion of various asset classes allows traders to diversify their strategies.
  • Product Updates: The frequency of product updates and the introduction of new trading instruments are not explicitly stated in the available information.
  • Retail Trading Services: FenzoFx focuses on retail trading, providing individual traders with the tools and resources necessary for successful trading.
  • Institutional Services: There is no substantial information regarding services tailored for institutional clients or white-label solutions.
  • Asset Management Services: The availability of asset management services is not mentioned, indicating that FenzoFx may primarily focus on self-directed trading.

  Overall, FenzoFx broker aims to provide a comprehensive trading experience with a variety of financial instruments.

  

4. Trading Platforms and Technology

  FenzoFx utilizes the popular MetaTrader 4 (MT4) platform for its trading operations, which is widely recognized for its user-friendly interface and robust trading tools.

  • MT4 Support: The broker supports MT4, allowing traders to access advanced charting tools, technical indicators, and automated trading features.
  • Proprietary Platform Details: There is no information available regarding any proprietary trading platforms developed by FenzoFx.
  • Web-Based Trading Platform: The existence of a web-based trading platform is not confirmed, suggesting that traders primarily use the MT4 desktop application.
  • Mobile Trading Applications: FenzoFx provides mobile trading support for both iOS and Android devices, enabling traders to manage their accounts on the go.
  • Execution Models: The broker employs an ECN execution model, ensuring that trades are executed directly in the market without intermediaries.
  • Server Locations and Infrastructure: Specific details about server locations and the technological infrastructure supporting the trading platform are not disclosed.
  • API Access and Automated Trading Support: The availability of API access for algorithmic trading is not mentioned, indicating that automated trading may be limited to the functionalities provided by MT4.

  In summary, FenzoFx broker emphasizes the use of established trading technology to facilitate a smooth trading experience.

  

5. Account Types and Trading Conditions

  FenzoFx offers a range of account types to cater to different trading needs and preferences.

  • Standard Account Conditions: The standard account typically requires a minimum deposit, although the exact amount is not specified. Spreads are competitive, and commission structures depend on the trading volume.
  • Advanced Account Types: Information regarding VIP or professional account types is not provided, indicating that the broker may primarily focus on standard retail accounts.
  • Special Accounts: The availability of Islamic accounts or corporate accounts is not mentioned in the available information.
  • Demo Account Policy: FenzoFx offers a demo account for traders to practice their strategies, although specific terms and conditions are not detailed.
  • Leverage Range: The leverage offered by the broker is fixed at 1:100, which is a standard offering in the industry.
  • Minimum Trade Size: The minimum trade size is not clearly outlined, but it is expected to align with industry standards.
  • Overnight Fees Policy: Information regarding overnight fees or swap rates is not specified, leaving traders uncertain about potential costs.

  Overall, FenzoFx broker appears to provide basic account options suitable for retail traders.

  

6. Fund Management

  FenzoFx offers several methods for depositing and withdrawing funds, ensuring that clients can manage their accounts conveniently.

  • Supported Deposit Methods: The broker supports various deposit methods, including bank transfers, credit cards, and e-wallets, although specific providers are not listed.
  • Minimum Deposit Requirements: The minimum deposit requirement varies by account type, but specific amounts are not disclosed.
  • Deposit Processing Times: The processing time for deposits is not specified, which may vary based on the chosen method.
  • Deposit Fees: There is no information available regarding deposit fees, suggesting that FenzoFx may not impose charges for deposits.
  • Withdrawal Methods and Restrictions: The withdrawal methods available to clients are not detailed, leaving traders uncertain about their options.
  • Withdrawal Processing Times: The time taken to process withdrawals is not mentioned, which can be crucial for traders needing quick access to their funds.
  • Withdrawal Fee Structure: Information about any withdrawal fees is not provided, making it difficult for clients to understand potential costs.

  In conclusion, FenzoFx broker provides basic fund management options, but the lack of detailed information may be a concern for potential clients.

  

7. Customer Support and Educational Resources

  FenzoFx offers customer support through various channels, ensuring that clients can receive assistance when needed.

  • Support Channels: Clients can reach the support team via phone, email, live chat, and social media platforms, although specifics about availability are not provided.
  • Service Hours and Time Zone Coverage: The exact service hours and time zone coverage are not mentioned, which could impact clients in different regions.
  • Multilingual Support: There is no information available regarding the languages supported for customer service.
  • Educational Resources: FenzoFx provides educational resources, including webinars, tutorials, and eBooks, although the extent and quality of these materials are not detailed.
  • Market Analysis Services: The availability of daily market analysis, news updates, and research reports is not confirmed, leaving traders uncertain about the informational support they can expect.
  • Trading Tools: FenzoFx offers trading tools such as calculators and economic calendars, but the specifics of these tools are not elaborated.

  Overall, while FenzoFx broker appears to offer basic customer support and educational resources, the lack of clarity on various aspects may be a drawback for traders seeking comprehensive assistance.

  

8. Regional Coverage and Restrictions

  FenzoFx aims to provide trading services to a global clientele, but certain restrictions apply.

  • Primary Service Markets: The broker serves clients from various countries, although specific markets are not detailed.
  • Regional Office Distribution: Information regarding the distribution of regional offices is not provided, indicating a potentially limited physical presence.
  • Countries/Regions Not Accepted: FenzoFx does not accept clients from certain countries, but specific regions are not listed.
  • Special Restrictions: There may be additional restrictions based on local regulations, but detailed information is not available.

  In summary, FenzoFx broker seeks to cater to a wide audience, but the lack of detailed information on regional restrictions may pose challenges for potential clients.

  In conclusion, FenzoFx broker presents a mixed picture with its offerings. While it provides certain attractive features such as a no deposit bonus and a user-friendly trading platform, the lack of transparency regarding regulatory status, account types, and fund management practices raises concerns. Prospective traders should carefully consider these factors before engaging with FenzoFx.

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Latest Reviews

Wapgodz

Wapgodz

Nigeria

They are scammers! They shut my trade automatically after I made over 500$ in profits and they cleared my trading history entirely! Stupid broker

Exposure

06-24

FenzoFx Forex Broker has an overall rating of 1.13, Regulatory Index 0.00, License Index 0.00, Business Index 4.07, Software Index 4.00 Risk Control Index 0.00.