English

Zonex Capital foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://clients.zonexcapitaltr.com/en/auth/login?returnUrl=%2Fdashboard, about the company's legal and temporary regulatory information, the company's address Trust Company Complex, Ajeltake Road Island Majuro, MA.

Zonex Capital Forex Broker

Basic Information

Registered Region

Marshall Islands

Operating Period

Company Name

Zonex Capital

Abbreviation

Zonex Capital

Company employee

Customer Service Email Address

info@zonexcapital.com

Contact Number

+692902129750469

Company Website

http://www.zonexcapitaltr.com/

Company address

Trust Company Complex, Ajeltake Road Island Majuro, MA

Keywords

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

Company profile

Aspect Information Registered Country Marshall Islands Company Name Zonex Capital Regulation Not regulated Minimum Deposit $100 Maximum Leverage 1:400 Spreads/Fees Vary depending on account type Account Types Platinum, Gold, Silver Customer Support Ineffective, lacking responsiveness Website Status Down (as of the provided information) Overview Zonex Capital, headquartered in the Marshall Islands, operates without regulatory oversight. With a minimum deposit of $100 and offering maximum leverage of 1:400, it caters to traders with Platinum, Gold, and Silver account types, each with varying spreads and fees. However, customers have reported ineffective and unresponsive customer support, compounded by the recent website downtime, raising concerns about the company's reliability. While suspicions have been raised, it's important to note that there is no confirmed evidence of scam activities. Regulation Zonex Capital operates without regulatory oversight as a broker, potentially exposing investors to increased risk. Without regulation, there may be limited recourse for clients in case of malpractice or disputes. Investors should exercise caution and thoroughly research Zonex Capital's background and track record before engaging with their services. Pros and Cons Zonex Capital offers a range of account types tailored to traders' needs, along with significant leverage opportunities. However, the absence of regulatory oversight, ineffective customer support, and the recent website downtime raise concerns about the company's reliability and trustworthiness. Pros Cons None Operates without regulatory oversight Ineffective customer support Website downtime Account Types Zonex Capital offers three distinct account types tailored to suit the diverse needs of traders: Platinum Account: Minimum Spread: 0.4 pips Minimum Deposit: $5000 Maximum Leverage: 1:400 Gold Account: Minimum Spread: 0.6 pips Minimum Deposit: $1000 Maximum Leverage: 1:200 Silver Account: Minimum Spread: 0.9 pips Minimum Deposit: $100 Maximum Leverage: 1:200 These options allow traders to select an account type that aligns with their risk tolerance, investment capital, and trading preferences. Leverage Zonex Capital offers a maximum trading leverage of 1:400. Leverage in trading allows investors to control a larger position size with a relatively smaller amount of capital. With a leverage ratio of 1:400, traders can potentially amplify their profits or losses by 400 times the initial investment amount. While higher leverage can enhance potential gains, it also increases the risk of significant losses, requiring traders to exercise caution and implement risk management strategies effectively. Spreads and Commissions Zonex Capital offers varying spreads and commissions depending on the trading accounts selected. The spreads represent the difference between the bid and ask prices of a financial instrument, while commissions typically refer to fees charged per trade. For instance, the Platinum account boasts the tightest spreads, with a minimum spread of 0.4 pips, indicating minimal cost for entering and exiting trades. Conversely, the Silver account, with a minimum spread of 0.9 pips, may have slightly higher transaction costs. It's essential for traders to consider these factors alongside their trading strategies and objectives to make informed decisions. Customer Support Zonex Capital's customer support is notably lacking in responsiveness and efficiency across various contact methods. Attempts to reach out via email to info@zonexcapital.comoften result in delayed or inadequate responses, if any. Similarly, their English contact number, +692 902129750469, seems to lead to a dead end, with customers struggling to connect or receive assistance. This lack of effective communication channels leaves clients feeling stranded and underserved, raising significant concerns about the reliability and effectiveness of Zonex Capital's support infrastructure. Conclusion In summary, Zonex Capital presents a mixed bag of offerings and risks. While they provide a range of account types catering to different trader needs and offer substantial leverage opportunities, the absence of regulatory oversight raises red flags regarding investor protection. Additionally, their customer support appears inadequate, leaving clients feeling neglected and underserved. The recent website downtime adds to the skepticism surrounding the company. Potential investors should proceed with caution, conducting thorough research and considering alternative options before engaging with Zonex Capital. FAQs Q1: Is Zonex Capital regulated？ A1: No, Zonex Capital operates without regulatory oversight as a broker, potentially exposing investors to increased risk. Q2: What are the account types offered by Zonex Capital？ A2: Zonex Capital offers three distinct account types: Platinum, Gold, and Silver, tailored to suit the diverse needs of traders. Q3: What is the maximum leverage offered by Zonex Capital？ A3: Zonex Capital offers a maximum trading leverage of 1:400, allowing traders to control larger positions with a relatively smaller amount of capital. Q4: How does Zonex Capital handle customer support？ A4: Zonex Capital's customer support is notably lacking in responsiveness and efficiency across various contact methods, leaving clients feeling underserved. Q5: Is Zonex Capital's website currently operational？ A5: No, Zonex Capital's website is currently down, raising suspicions about the company's reliability and trustworthiness. Risk Warning Online trading carries substantial risk, potentially leading to the total loss of invested funds. It may not be appropriate for all traders or investors. It's crucial to fully comprehend the associated risks before engaging in trading activities. Additionally, the content of this review is subject to change, reflecting updates in the company's services and policies. The review's creation date is also relevant, as information could have become outdated. Readers should confirm the latest information with the company prior to making any investment decisions. The responsibility for utilizing the information provided herein lies exclusively with the reader.

Zonex Capital broker review

Is Zonex Capital safe or scam

Rating Index

Platinum

Minimum Deposit

$5000

Gold

Minimum Deposit

$1000

Zonex Capital Forex Broker - Complete Information Guide

1. Broker Overview

　　Zonex Capital, officially known as Zone X Capital Pty Ltd, was established in the year 2020. The company is headquartered in Hyde Park, South Australia, with a primary office located at Hyde Park SA 5061, Australia. Zonex Capital operates as a private entity, providing trading services to a diverse clientele, including retail traders and institutional investors.

　　Since its inception, Zonex Capital has aimed to offer a comprehensive trading experience across various financial markets. The broker has experienced notable milestones, including the launch of its trading platform and the introduction of multiple account types tailored to different trading needs. Despite being relatively new in the industry, Zonex Capital has positioned itself to cater to a growing market of forex and CFD traders.

　　The business model of Zonex Capital focuses on retail forex trading and contract for difference (CFD) trading, providing a range of financial instruments to its clients. The broker emphasizes transparency and user-friendly trading conditions, aiming to attract traders looking for reliable and efficient trading solutions.

2. Regulatory and Compliance Information

　　Zonex Capital operates without regulation from any major financial authority, which raises concerns regarding its legitimacy and operational practices. Currently, it does not hold a license from any recognized regulatory body, such as the Australian Securities and Investments Commission (ASIC) or others.

　　The lack of regulatory oversight means that Zonex Capital is not subject to the same stringent compliance measures as regulated brokers. Consequently, clients may face difficulties in withdrawing funds or resolving disputes, as there is no regulatory framework to protect their interests.

　　The absence of a regulatory license implies that customer funds are not guaranteed by any investor compensation scheme. Zonex Capital's policies on Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance have not been explicitly detailed in the available information, which is a critical aspect for potential investors to consider.

3. Trading Products and Services

　　Zonex Capital offers a wide array of trading products, primarily focusing on forex currency pairs and CFDs. The broker provides access to a selection of major, minor, and exotic currency pairs, catering to various trading strategies and preferences.

　　In addition to forex, Zonex Capital includes several categories of CFDs, which encompass:

Indices: Major global indices like the S&P 500, NASDAQ, and more.
Commodities: Including oil, gold, and other precious metals.
Stocks: A selection of shares from prominent companies.
Cryptocurrencies: Trading options for popular digital currencies.

　　Zonex Capital is committed to regularly updating its product offerings, ensuring that traders have access to the latest market opportunities. The broker provides both retail trading services and solutions for institutional clients, including white label options for businesses seeking to enter the trading market.

4. Trading Platforms and Technology

　　Zonex Capital supports the widely-used MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, known for their robust features and user-friendly interfaces. These platforms offer advanced charting tools, technical indicators, and automated trading capabilities, making them suitable for traders of all experience levels.

　　The broker does not appear to have developed a proprietary trading platform, which may limit some advanced trading features that custom platforms can offer. However, the availability of MT4 and MT5 ensures a reliable trading experience.

　　Zonex Capital provides a web-based trading platform that allows clients to trade directly from their browsers, eliminating the need for software downloads. Additionally, mobile trading applications for both iOS and Android devices are available, enabling traders to manage their accounts and execute trades on the go.

　　The broker operates on an ECN (Electronic Communication Network) model, which facilitates direct market access and potentially lower spreads. Zonex Capital's server infrastructure is designed to ensure fast order execution and minimal latency, which is critical for active traders.

5. Account Types and Trading Conditions

　　Zonex Capital offers several account types tailored to different trading needs. The standard account typically requires a minimum deposit of $1,000, with spreads starting from 0.6 pips. For more experienced traders, a premium account may be available, which offers lower spreads and additional features.

Minimum Deposit: Ranges from $100 for basic accounts to $5,000 for premium services.
Leverage: Up to 1:400, allowing traders to maximize their potential returns.
Commission: The broker's commission structure varies based on account type, with some accounts offering commission-free trading.

　　Zonex Capital also provides a demo account option for new traders to practice their strategies without risking real capital. The minimum trade size is generally set at 0.01 lots, accommodating both beginner and professional traders.

6. Fund Management

　　Zonex Capital supports various deposit methods, including bank transfers, credit cards, and electronic wallets. The minimum deposit requirement varies depending on the account type, with a standard account requiring at least $100.

Deposit Processing Time: Typically processed within 24 hours, though this may vary based on the method used.
Deposit Fees: Zonex Capital does not charge fees for deposits, but traders should check with their payment providers for any applicable charges.

　　Withdrawal methods include bank transfers and electronic wallets, with processing times ranging from 1-3 business days. The broker does not specify withdrawal fees, but clients are encouraged to review the terms associated with their chosen method.

7. Customer Support and Educational Resources

　　Zonex Capital offers customer support through various channels, including:

Phone: +61 2 9021 2975
Email: info@zonexcapital.com
Live Chat: Available on their website.

　　The support team operates primarily during business hours in the Australian time zone, with limited availability during weekends. Zonex Capital provides support in English, catering to a global audience.

　　In terms of educational resources, the broker offers webinars, tutorials, and eBooks to assist traders in enhancing their skills. Market analysis services, including daily updates and research reports, are also available to help traders make informed decisions.

8. Regional Coverage and Restrictions

　　Zonex Capital primarily serves clients in Australia and other regions, although specific country restrictions apply. The broker does not accept clients from countries where their services are prohibited, which may include regions with strict financial regulations.

　　The broker's regional offices are located in Hyde Park, Australia, but they operate on a global scale, aiming to attract traders from various markets. However, potential clients are advised to check the broker's terms and conditions to ensure compliance with local laws.

　　In conclusion, Zonex Capital presents itself as a forex broker with a wide range of trading products and services. However, potential clients should exercise caution due to the lack of regulatory oversight and ensure they fully understand the risks associated with trading through an unregulated broker.

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