FenzoFx Forex Broker

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.)