Zenstox Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.zenstox.com/register/, the company's legitimate regulatory information SeychellesFSARetail Forex License, to enhance the security of the company's address Room 10, Deenu's Building, Providence, Mahe, Seychelles.
Zenstox Forex Broker
Basic information
Seychelles
2-5 years Regulated in Seychelles Retail Forex License Suspicious Scope of Business Medium potential risk Offshore RegulatedCompany profile
Zenstox Information
With more than 300 CFDs among its many other trading instruments, Zenstox offers a variety of trading options. Zenstox has mobile access and user-friendly interfaces for beginners and pros, but its inactivity and CFD expenses are more than average.
Pros and Cons
| Pros | Cons |
| Regulated by Seychelles FSA | High inactivity fees |
| Wide range of instruments (300+ CFDs) | Lower leverage for Cryptocurrencies (1:2) |
| Custom platform and mobile app for flexibility | Swap fees on overnight positions |
Is Zenstox Legit?
Zenstox holds a Retail Forex License from the Seychelles Financial Services Authority (FSA) under SD123. Since this legislation is offshore, traders should be cautious and assess the risks.
What Can I Trade on Zenstox?
Zenstox provides CFD trading covering more than three hundred premium symbols. Offering traders a range of investment choices, their portfolio consists in well-known CFDs on Forex, equities, indices, commodities, and cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Stocks | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
Account Types
Two major forms of trading accounts are provided by Zenstox, each designed to meet varying trading requirements.
Leverage
Based on financial instruments, Zenstox enables flexible leverage. More leverage increases risks and profits. Traders must control risk to avoid large losses.
| Instrument Type | Maximum Leverage |
| CFD on Forex, Gold, Silver, and CL | 1:200 |
| CFD on Indices and Commodities | 1:100 |
| CFD on Shares | 1:10 |
| CFD on Cryptocurrencies | 1:2 |
Zenstox Fees
Zenstox's trading fees are higher than the industry standard, particularly for inactivity and cryptocurrency CFDs.
Spreads: Fixed spreads ensure transparent pricing, even during volatility.
Rollover Fee (Swap):
CFDs on Forex, Stocks, Indices, and Commodities: 0.02% of overnight exposure
CFDs on Cryptocurrencies: 0.50% due to high volatility
Non-Trading Fees
| Non-trading Fees | |
| Deposit Fee | Free |
| Withdrawal Fee | Not mentioned |
| Inactivity Fee | $500 per inactive quarter (after 3 months) |
| Credit-Out Rule | Activated after 45 days of inactivity |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| Zenstox Custom Platform | ✔ | Web-based, Desktop | Traders seeking a simple and intuitive interface |
| XCITE Mobile App | ✔ | iOS, Android | Mobile traders who need access to the global markets anytime |
Deposit and Withdrawal
Zenstox accepts deposits and withdrawals with minimal fees for trading accounts denominated in USD.
Deposit Options
| Deposit Options | Min. Deposit | Fees | Processing Time |
| Bank Transfer | $200 | Free | 1-3 Business Days |
| Credit/Debit Card | $200 | Free | Instant |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Transfer | Not Mentioned | Not mentioned | 1-3 Business Days |
Rating Index
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Latest Reviews
FX2190655707
Qatar
Dear sir, I'm writing this message to explain for you my situation with zenstox. I'm rabih Hanna customer invest with zenstox company my account number 11188215 after several deposit in my account amount of 73000$ with my manger account, miss lamia alali and Mr Saleh alsheikh this manager always we provide me a way to deposit money and didn't withdraw till date as my last week account I'm withdraw from my account approve amount 57000$ and after 3 days zenstox rejected my situation very bad financially due to your manager descion without any results I'm from lebanon as I'm also in this time and my country in bad situation, Please management I need from you to help me to withdraw from my account at zenstox company as since around one year my file open without any withdraw Always I'm deposit money in my account as per your manger descion without any result Kindly urge you management to withdraw at list my deposit or equivalent because I'm in bad situation financially
Exposure
2024-10-27
Shimaa Ezzat
United Arab Emirates
I have been trying to withdraw for almost a 2 weeks , they have given me all the excuses in the world I had to make a deposit with all what I got as they promised me that my account is a VIP account and the withdrawal doesn’t take more than a day I am literally broke and begging for my money back as per their app my account has over 30k $ and not even able to get a single dollar out of it they don’t fear God and they uses the name of Allah in their talk only to drag you down I have given them the benefit of doubt and keep saying they might have a shitty company like where I work I wish people make their researches before they invest I have deposited almost 10k$ and once before when I asked for a transfer of 300$ they reversed from my Money please don’t repeat my mistake imagine all of this money and I am unable to submit a withdrawal request as per their account manager he raised the request for me, complete nonsense may Allah help me with all of this loss
Exposure
2024-10-09
Emy6650
United Arab Emirates
THE WORST EVER EXPERIENCE I'VE EVER PASSED BY, CHEATING ME & LET ME REGISTER FOR ADNOC THEN GRADUALLY TOOK ME TO THE GOLD. TRADED 200USD, THEN I DIDN'T MAKE LOSS, REQUESTED WITHDRAWAL, REJECTED SAYING I MUST MAKE MORE TRADES AND THE MONEY I WILL TAKE THEM. YOUSEF REQUESTED ME QUICKLY TO TRADE ON ZINC (6) TRADES. LOST THE MONEY. NO WITHDRAWAL, EVERYTHGING. CHEATERS, !!!! 🌂 STOLEN MY MONEY
Exposure
2024-11-23