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Zenith foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website http://crm.zenithwealthex.com/public/register, about the company's legal and temporary regulatory information, the company's address .

Zenith Forex Broker

Basic Information

Registered Region
China
Operating Period
--
Company Name
顶点财富环球有限公司
Abbreviation
Zenith
Company employee
--
Customer Service Email Address
zenithservice@zenithwealthex.com
Keywords
5-10 years
Suspicious Regulatory License
Suspicious Scope of Business
High potential risk

Company profile

Note: For some unknown reason, we cannot open Zeniths official site (http://www.zenithwealthex.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue. General Information & Regulation Zenith is allegedly a forex broker registered in China that claims to provide its clients (Chinese market only) with floating spreads on the leading MetaTrader5 trading platform. As for regulation, it has been verified that Zenith does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.70/10. Please be aware of the risk. Negative Reviews Some traders shared their terrible trading experience on the Zenith platform at WikiFX. They said this is a fraud scam platform that is unable to withdraw funds. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams. Market Instruments Zenith advertises that it offers access to a wide range of trading instruments in financial markets, including forex and commodities. Spreads The EUR/USD spread at Zenith is usually between 0.2 and 0.5 pips. Trading Platform Available The platform available for trading at Zenith is the industry-standard MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5. Deposit & Withdrawal Zenith says to accept credit/debit card payments and wire transfers. The minimum initial deposit requirement is said to be $100, and the minimum withdrawal amount is $50. Customer Support Zenith‘s customer support can be reached by email: zenithservice@zenithwealthex.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer. Risk Warning Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

Rating Index

How to login to Zenith?
Zenith Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a Zenith Account The first step to accessing the services offered by Zenith is to complete the registration process. This process involves creating a new account t

  

Zenith Forex Broker - Complete Information Guide

  

1. Broker Overview

  Zenith, officially known as Zenith Wealth Global Limited, is a forex broker established between 5 to 10 years ago. The company is registered in China and primarily serves the Chinese market. Zenith operates as a private entity, focusing on retail forex trading and offering various financial services to its clients.

  Over the years, Zenith has aimed to provide a trading platform that enables clients to engage in forex trading with floating spreads. The broker claims to offer access to the MetaTrader 5 (MT5) trading platform, which is widely recognized in the trading community for its advanced features. However, the company has faced scrutiny regarding its regulatory status and operational practices.

  Zenith's business model revolves around providing retail forex trading services, with a specific emphasis on catering to the local Chinese clientele. Despite its operational history, the lack of a robust regulatory framework has raised concerns among potential traders regarding the safety and reliability of the services offered by this broker.

  

2. Regulatory and Compliance Information

  Zenith operates without any valid regulatory oversight, which is a significant red flag for potential clients. According to various sources, including WikiFX, the broker holds a “no license” status, indicating that it is not regulated by any recognized financial authority. This lack of regulation raises concerns about the safety of client funds and the overall credibility of the broker.

  The absence of a regulatory license means that there is no governing body overseeing Zenith's operations, which could lead to potential risks for traders. Additionally, there is no information regarding customer fund segregation policies, investor compensation schemes, or adherence to Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures.

  Traders are strongly advised to consider these factors when evaluating Zenith as a potential broker. The lack of transparency and regulatory oversight creates a high-risk environment for investors, making it essential to conduct thorough research before engaging with the platform.

  

3. Trading Products and Services

  Zenith claims to offer a diverse range of trading products, primarily focusing on forex currency pairs and Contracts for Difference (CFDs). According to the broker's promotional materials, they provide access to a wide array of forex pairs, including major, minor, and exotic currencies. However, specific details regarding the total number of currency pairs available have not been disclosed.

  In addition to forex trading, Zenith advertises access to other financial instruments, including commodities, indices, and cryptocurrencies. However, the details regarding the specific categories of CFDs offered, such as stocks and commodities, remain unclear.

  The broker's commitment to providing retail trading services is evident, but the lack of detailed information regarding product offerings and updates raises questions about the breadth of its trading capabilities. Furthermore, there is no mention of institutional client services or white-label solutions, which could limit the broker's appeal to professional traders and institutions.

  

4. Trading Platform and Technology

  Zenith supports the MetaTrader 5 (MT5) trading platform, which is known for its stability and advanced trading features. MT5 is widely utilized by forex traders for its comprehensive tools, including algorithmic trading, complex indicators, and strategy testers. The platform is compatible with both desktop and mobile devices, allowing traders to access their accounts from anywhere.

  While Zenith promotes the use of MT5, there is no information available regarding any proprietary trading platforms or additional technological features that may enhance the trading experience. The absence of details about server locations and technical infrastructure also raises concerns about the broker's commitment to providing a reliable trading environment.

  Moreover, there is no mention of API access or support for automated trading strategies, which are essential for many traders looking to implement advanced trading techniques. Overall, the reliance on a single trading platform without additional technological offerings may limit the broker's competitiveness in the market.

  

5. Account Types and Trading Conditions

  Zenith offers a standard account with a minimum deposit requirement of $100. Traders can expect spreads ranging from 0.2 to 0.5 pips for major currency pairs. However, the broker does not provide detailed information regarding any premium or advanced account types, such as VIP or professional accounts.

  The lack of clarity surrounding account types raises concerns about the options available for traders with varying needs. Additionally, there is no mention of Islamic accounts or corporate account solutions, which could limit the broker's appeal to a broader audience.

  Leverage options are also unspecified, which is critical for traders looking to understand their potential risk exposure. Furthermore, details regarding minimum trade sizes and overnight fees are not provided, making it challenging for traders to assess the overall trading conditions effectively.

  

6. Fund Management

  Zenith claims to support various deposit methods, including bank transfers and credit/debit cards. The minimum deposit requirement is set at $100, while the minimum withdrawal amount is stated to be $50. However, the broker does not provide clear information regarding deposit processing times or any associated fees.

  Withdrawals are reportedly processed via similar methods, but specific details about withdrawal processing times and fees remain vague. The lack of transparency in fund management practices raises concerns about the broker's reliability and the ease with which clients can access their funds.

  Traders should exercise caution and consider these factors when evaluating Zenith as a potential trading partner, as unclear fund management practices can lead to significant challenges for investors.

  

7. Customer Support and Educational Resources

  Zenith offers customer support primarily through email, with the contact address being zenithservice@zenithwealthex.com. However, the broker does not provide additional contact methods such as phone numbers or live chat support, which may limit the accessibility of assistance for clients.

  The service hours and time zone coverage are not specified, leaving traders uncertain about the availability of support when needed. Furthermore, there is no information regarding the languages supported by the customer service team, which could be a barrier for non-English speaking clients.

  In terms of educational resources, Zenith appears to offer limited materials. There is no mention of webinars, tutorials, or eBooks that could assist traders in improving their skills. Additionally, the lack of market analysis services, daily updates, or research reports further diminishes the educational support available to clients.

  

8. Geographic Coverage and Restrictions

  Zenith primarily serves clients in China, focusing on the local market. However, the broker does not provide specific details about its regional offices or the extent of its geographical coverage. It is essential for potential clients to be aware of any restrictions regarding clients from certain countries.

  The broker may not accept clients from jurisdictions where regulatory compliance is stringent or where it lacks the necessary licenses. This limitation could significantly impact the broker's overall client base and its ability to operate effectively in the global market.

  In summary, while Zenith presents itself as a forex broker with various trading opportunities, the lack of regulatory oversight, transparency, and comprehensive support services raises significant concerns for potential traders. It is advisable for clients to conduct thorough research and consider the risks associated with engaging with the zenith broker before making any investment decisions.

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Latest Reviews

Agent007

Agent007

Philippines

To all traders beware of this broker its a Chinese Scam broker you can’t withdraw your money in this broker.

Exposure

2021-05-21

Achim

Achim

United States

This is a fraud platform without any regulatory information, and the regulatory information above is all false. I deposited $20,000, but when I made a profit, I could not close the position, resulting in my capital loss, and the remaining capital could not be withdrawn.

Exposure

2020-12-16

FX4117076160

FX4117076160

Singapore

Apply for withdrawals on December 1, but the withdrawal hasn't arrived yet. The withdrawal was deducted from my MT5 already.

Exposure

2020-12-07

Zenith Forex Broker has an overall rating of 1.52, Regulatory Index 0.00, License Index 0.00, Business Index 7.08, Software Index 4.00 Risk Control Index 0.00.