ZenovaFx Forex Broker

Note: ZenovaFx's official website https://zenovafx.com/ is currently inaccessible normally.ZenovaFxReview SummaryFounded2022Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex, Energies, Commodities, Crypto, Indices, StocksDemo Account✅LeverageUp to 1:500SpreadFrom 2 pips (Standard account)Trading PlatformMetaTrader 5Min Deposit$1,000Customer Support24/5 supportLive chat, contact form+44 1233 281532support@zenovafx.com ZenovaFx is a brokerage firm based in Mauritius, but it lacks proper regulation. It claims to a variety of market instruments for trading, such as forex, energies, commodities and so on. It also provides different types of trading accounts, including Standard, Premium, ECN PRO, and Islamic accounts. Additionally, a demo account is also available.Pros and ConsProsConsVarious trading instrumentsLack of regulationDemo accountsHigh minimum depositMultiple channels for customer supportWide spreadsMT5 supportedNo MT4Unavailable websiteIs ZenovaFx Legit? ZenovaFx is not regulated by the financial services regulatory authority in Mauritius, which means that the company lacks regulation from its registration site. Moreover, the current status shows that activities like transferring and updating are prohibited.What Can I Trade on ZenovaFx? ZenovaFx claims to offer 6 types of trading products, including forex, energies, commodities, crypto, indices, and stocks.Tradable InstrumentsSupportedForex✔Energies✔Commodities✔Cryptos✔Indices✔Stocks✔ETFs❌Bonds❌Mutual Funds❌Account Type/Leverage/Fees ZenovaFx provides 4 types of accounts: Standard account, Premium account, ECN PRO account, and Islamic account. Demo accounts and Islamic accounts are also available. The leverage is up to 1:500 for all account types. However, high leverage will bring high risks, and traders need to think before being involved in high-risk investment.Account TypeMin DepositMin Trade SizeMax LeverageSpreadCommision for Forex PairsStandard $1,0000.01 Lot1:500From 2 pips$10 per lotPremium $15,000From 1 pipECN PRO $5,000From 1.5 pipsTrading PlatformTrading PlatformSupportedAvailable DevicesSuitable forMetaTrader 4❌/BeginnersMetaTrader 5✔Windows, macOS, iOS, AndroidExperienced tradersDeposit and WithdrawalDeposit OptionFeeProcessingTimeAccepted CurrencyBitcoin❌InstantUSDTetherVisaMaster CardBank Wire TransferWithin 1 business dayUSD, AEDLocal TransferUSD, AED, NGN and local currenciesWithdrawal OptionFeeProcessingTimeAccepted CurrencyBitcoin❌InstantUSDTetherBank Wire TransferWithin 1 hourUSD, AEDLocal TransferUSD, AED, NGN and local currencies