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Zenstox Forex broker specializes in providing foreign exchange trading services, the company's official website https://www.zenstox...., the company's legitimate regulatory information SeychellesFSARetail Forex License to enhance the security of the company's address Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles

Zenstox Forex Broker

Basic Information

Registered Region
Seychelles
Operating Period
--
Company Name
VIE FINANCE SEY LTD
Abbreviation
Zenstox
Company employee
--
Customer Service Email Address
customer.service7@zenstox.com
Contact Number
+97365003378
Company Website
Company address
Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
WhatsApp
+97143118110
Keywords
2-5 years
Regulated in Seychelles
Retail Forex License
Suspicious Scope of Business
High potential risk
Offshore Regulated

Company profile

Zenstox Review SummaryFounded2022Registered Country/RegionSeychellesRegulationSeychelles FSA (License No. SD123)Market InstrumentsForex, Stocks, Indices, Commodities, CryptocurrenciesDemo Account/LeverageUp to 1:200SpreadFixed spreads (example: CFDs on Cryptos - 0.50%)Trading PlatformZenstox Custom Platform, XCITE Mobile AppMin Deposit$200Customer SupportEmail: customer.service@zenstox.comPhone: +97365003849WhatsApp: +97143118110Online ChatZenstox 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 ConsPros Cons Regulated by Seychelles FSAHigh inactivity feesWide range of instruments (300+ CFDs)Lower leverage for Cryptocurrencies (1:2)Custom platform and mobile app for flexibilitySwap fees on overnight positionsIs 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 TypeMaximum LeverageCFD on Forex, Gold, Silver, and CL1:200CFD on Indices and Commodities1:100CFD on Shares1:10CFD on Cryptocurrencies1:2Zenstox 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 volatilityNon-Trading FeesNon-trading Fees Deposit FeeFreeWithdrawal FeeNot mentionedInactivity Fee$500 per inactive quarter (after 3 months)Credit-Out RuleActivated after 45 days of inactivityTrading PlatformTrading PlatformSupported Available Devices Suitable for what kind of tradersZenstox Custom Platform✔Web-based, DesktopTraders seeking a simple and intuitive interfaceXCITE Mobile App✔iOS, AndroidMobile traders who need access to the global markets anytimeDeposit and Withdrawal Zenstox accepts deposits and withdrawals with minimal fees for trading accounts denominated in USD. Deposit Options Deposit Options Min. DepositFees Processing Time Bank Transfer$200Free1-3 Business DaysCredit/Debit Card$200FreeInstant Withdrawal OptionsWithdrawal Options Min. Withdrawal Fees Processing Time Bank TransferNot MentionedNot mentioned1-3 Business Days

Rating Index

How to login to Zenstox?
Zenstox Complete Account Guide: Registration, Account Opening, and Login Processes In this comprehensive guide, we will walk you through the essential processes of registering, opening, and logging into your Zenstox account. Zenstox is a user-friendly online trading platform that provides access to

  

Zenstox Forex Broker - Complete Information Guide

  

1. Broker Overview

  Zenstox, officially known as Vie Finance Sey Ltd, was established in 2022. The company is headquartered in Seychelles, with its main office located at Room B 11, First Floor, Providence Complex, Providence, Mahe, Seychelles. As a privately held entity, Zenstox aims to provide a comprehensive trading experience to a diverse clientele, including both retail and institutional traders.

  Since its inception, Zenstox has focused on offering a user-friendly platform that caters to traders across various financial markets. The broker primarily serves clients interested in trading Contracts for Difference (CFDs) on a wide range of assets, including forex, stocks, commodities, and cryptocurrencies. Over the years, Zenstox has made significant strides in enhancing its trading environment, implementing advanced tools and features to support traders in their investment journeys.

  Zenstox operates under the regulatory framework of the Seychelles Financial Services Authority (FSA), which provides a degree of oversight and accountability. This regulatory compliance is crucial for building trust with clients and ensuring a secure trading environment. The companys business model is primarily focused on retail forex trading, providing clients with access to a vast array of trading instruments and market opportunities.

  

2. Regulatory and Compliance Information

  Zenstox is regulated by the Seychelles Financial Services Authority (FSA), holding a retail forex license with the number SD 123. This license allows Zenstox to operate within the jurisdiction of Seychelles, providing a level of security for its clients. The regulatory framework established by the FSA mandates that Zenstox adheres to specific guidelines and standards, ensuring the protection of client funds and the integrity of its operations.

  The license is valid for the duration of the company's operations, subject to regular audits and compliance checks by the FSA. Zenstox maintains a clear commitment to customer fund safety by implementing a segregated accounts policy, which ensures that client funds are kept separate from the company's operational funds. This practice mitigates the risk of misuse and enhances the security of client investments.

  Additionally, Zenstox is compliant with Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, which require the verification of client identities and the monitoring of transactions to prevent illicit activities. These measures are essential for maintaining the integrity of the trading platform and safeguarding the interests of all traders.

  

3. Trading Products and Services

  Zenstox offers a diverse range of trading products, focusing primarily on Contracts for Difference (CFDs). The broker provides access to over 300 CFDs across various asset classes, including:

  • Forex: A wide selection of currency pairs, including major, minor, and exotic pairs.
  • Indices: Trading options on popular indices such as the S&P 500, NASDAQ, and FTSE 100.
  • Commodities: Opportunities to trade essential commodities like gold, oil, and natural gas.
  • Stocks: Access to shares from leading companies across global markets.
  • Cryptocurrencies: A selection of popular cryptocurrencies, including Bitcoin and Ethereum.

  Zenstox is committed to regularly updating its product offerings, ensuring that traders have access to the latest market opportunities. The broker also provides retail trading services, catering to individual traders looking to capitalize on market movements. While there is no information available regarding institutional client services or white-label solutions, the focus remains on empowering retail traders with the necessary tools and resources for successful trading.

  

4. Trading Platform and Technology

  Zenstox operates a custom-built trading platform that is designed to provide a seamless trading experience. The platform is web-based, allowing users to access their accounts from any device with internet connectivity. However, it does not support MetaTrader 4 or MetaTrader 5, which are popular trading platforms among forex traders.

  The Zenstox platform features:

  • User-Friendly Interface: Designed for ease of use, making it accessible for both novice and experienced traders.
  • Real-Time Charting: Provides traders with the necessary tools to analyze market trends and make informed decisions.
  • Mobile Application: Available for both iOS and Android, allowing traders to manage their accounts and execute trades on the go.
  • Execution Model: While specific details regarding execution modes (ECN, STP, Market Making) are not provided, the platform emphasizes efficient order execution.

  Additionally, Zenstox supports API integration, enabling automated trading and allowing traders to connect their trading algorithms to the platform. The technical infrastructure is designed to ensure robust performance and reliability, which are critical for effective trading.

  

5. Account Types and Trading Conditions

  Zenstox offers various account types to accommodate different trading preferences and experience levels. The main account types include:

  • Standard Account: Designed for beginners, this account provides access to all trading instruments with standard spreads and leverage options.
  • Premium Account: Aimed at more experienced traders, offering tighter spreads and higher leverage.
  • VIP Account: Tailored for professional traders, this account features the most competitive spreads, personalized support, and exclusive market insights.

  The minimum deposit for opening a standard account is $200, making it accessible for new traders. Premium and VIP accounts require higher initial deposits, reflecting the enhanced features and services they offer. Zenstox provides leverage options that vary by asset class, with maximum leverage ratios of up to 1:200 for forex and commodities, while cryptocurrencies may have lower leverage ratios.

  Traders should be aware of the overnight fees applicable for positions held overnight, as well as the minimum trade size and specific trading conditions that may vary by account type.

  

6. Fund Management

  Zenstox supports a variety of deposit and withdrawal methods to facilitate smooth transactions for its clients. The available methods include:

  • Deposit Methods:
  • Bank Transfers: Suitable for larger deposits, processing may take several business days.
  • Credit/Debit Cards: Major cards are accepted, with instant processing.
  • E-Wallets: Options like Skrill and Neteller are available for quick funding.

  The minimum deposit requirement varies by account type, with a standard account requiring a minimum of $200. Zenstox does not charge fees for deposits, although third-party charges may apply.

  For withdrawals, clients can expect processing times ranging from 2 to 6 business days, depending on the method used. Withdrawals are processed through the same method used for deposits, in compliance with anti-money laundering regulations. While Zenstox does not explicitly mention withdrawal fees, it is essential for traders to verify any applicable charges with their chosen method.

  

7. Customer Support and Educational Resources

  Zenstox provides customer support through multiple channels, ensuring that traders can receive assistance when needed. The available support options include:

  • Email Support: Clients can reach out via email at customer.service@zenstox.com.
  • Phone Support: Available at +971 45285133 for immediate assistance.
  • WhatsApp Support: For real-time communication, clients can connect via WhatsApp.

  The support team operates during standard business hours, although response times may vary based on the nature of the inquiry. Zenstox offers multi-language support, catering to a diverse client base.

  In addition to customer support, Zenstox provides various educational resources to enhance traders' knowledge and skills. These include webinars, tutorials, and e-books that cover essential trading concepts and strategies. Market analysis services, such as daily updates and research reports, are also available to keep traders informed about market movements.

  

8. Regional Coverage and Restrictions

  Zenstox serves clients globally, although certain jurisdictions may have restrictions on CFD trading. The broker primarily targets markets in regions where regulatory compliance permits its operations. Specific details regarding regional offices or the distribution of services are not disclosed.

  However, it is essential for potential clients to be aware of the countries or regions where Zenstox does not accept clients, as this information is crucial for ensuring compliance with local regulations. Clients are encouraged to consult the broker's website or customer support for detailed information regarding any restrictions that may apply.

  In conclusion, Zenstox is a broker that offers a range of trading products and services, catering to both novice and experienced traders. While it operates under the regulation of the Seychelles Financial Services Authority, traders should conduct thorough research and consider their options before engaging with the platform. As with any trading activity, understanding the risks involved is essential for successful trading.

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Imagine that my profits reach seventy thousand dollars and I cannot withdraw a single dollar

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I deposited approximately 10 thousand dollars, and there is severe manipulation despite the profits achieved. Withdrawal was made without my knowledge, and the balance was manipulated despite no entry. There are documents, screenshots, and my trading record.

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Dear Sir, I am writing to formally report a serious issue regarding my investment with the company Zenstox, under account number 1165359. I was misled into making two deposits totaling $5,000 USD through my assigned account manager, Mr. Chaker. Following these deposits, I was contacted by another individual claiming to be from “Al Maliye”, who pressured me into making an additional deposit of $4,000 USD, stating it was required in order to process my withdrawal. Unfortunately, after making all payments, I am now unable to access or recover my funds. No one is responding to my withdrawal requests or communications. I now strongly believe I have been the victim of a scam. I request your assistance in investigating this matter and taking the necessary actions to help me recover my money.

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Zenstox Forex Broker has an overall rating of 3.22, Regulatory Index 3.05, License Index 3.05, Business Index 6.12, Software Index 4.00 Risk Control Index 0.00.