Zenith Capital Forex Broker

Note: Zenith Capitals official site - https://www.zenithcapital.co/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Risk Warning Online trading involves significant 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. General Information & Regulation Feature Detail Regulation No regulation Market Instrument forex Account Type Mini, Premium, ECN Pro, and ECN Pro+ Demo Account N/A Maximum Leverage 1:400 Spread Mini: from 3 pips, Premium: from 2 pips, ECN Pro & ECN Pro+: from 1 pip Commission Mini & Premium & ECN Pro: 0, ECN Pro: $8 per lot Trading Platform MT5 Minimum Deposit N/A Deposit & Withdrawal Method N/A Zenith Capital, a trading name of Zenith Capital Markets LLC, is allegedly a forex broker registered in the United Arab Emirates that claims to provide its clients with flexible leverage up to 1:400 and floating spreads from 1 pip on the MT5 trading platform via four different live account types. As for regulation, it has been verified that Zenith Capital currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.69/10. Please be aware of the risk. Note: The screenshot date is January 12, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores. Market Instruments Zenith Capital is a forex broker that mainly offers forex pairs trading. Account Types Zenith Capital claims to offer four types of trading accounts, namely Mini, Premium, ECN Pro, and ECN Pro+. However, it says nothing about the minimum initial deposit requirement. Leverage The specified leverage for different account types at Zenith Capital varies between 1:200 and 1:400. Clients on the Mini account can enjoy the maximum leverage of 1:400, the Premium, ECN Pro, and ECN Pro+ accounts can experience leverage of 1:300, 1:200 and 1:200 separately. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you. Spreads & Commissions All spreads with Zenith Capital are a floating type and scaled with the accounts offered. Specifically, the spread starts from 3 pips on the Mini account, 2 pips on the Premium account, and 1 pip on the ECN Pro and ECN Pro+ accounts. As for the commission, there is no commission on the Mini, Premium, and ECN Pro accounts, while the ECN Pro+ account holders have to pay a commission of $8 per lot. Trading Platform Available The platform available for trading at Zenith Capital is one of the most notable and preferred trading platforms the market offers - MetaTrader5. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors. Customer Support Zenith Capitals customer support can be reached by telephone: +971563927597, email: info@zenithcapital.co. Company address: Fujairah Tower,llth Floor, Fujairah, United Arab Emirates. Pros & Cons Pros Cons • MT5 supported • No regulation • Website inaccessible Frequently Asked Questions (FAQs) Q 1: Is Zenith Capital regulated？ A 1: No. It has been verified that Zenith Capital currently has no valid regulation. Q 2: Does Zenith Capital offer the industry-standard MT4 & MT5？ A 2: Yes. Zenith Capital supports MT5. Q 3: Is Zenith Capital a good broker for beginners？ A 3: No. Zenith Capital is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.