Zenfinex is a UK-based retail trading broker that creates a suitable trading environment for both retail and institutional traders, providing them with multiple trading platforms to ensure seamless access to several financial markets, including the forex, indices, metal, stock, energy, and commodity markets. The broker operates the STP execution with no dealing desk intervention and provides traders with educational resources and a multilingual client support team. There are multiple trading account options to suit all kinds of traders.
Zenfinex Review Introduction
In this Zenfinex review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Zenfinex.
Zenfinex Platforms & Tools
Zenfinex provides traders with a choice of different trading platforms, including:
MetaTrader 4 Trading Platform
This is an advanced trading platform that was developed in 2005 by MetaQuotes, a Russian software company. The platform is widely used among forex and CFD traders because of its user-friendliness and advanced trading capabilities. MT4 is built with a range of useful trading tools, such as multiple charts, over 20 indicators, 9 timeframes, and support for trading automation using scripts and expert advisors. It is available as a desktop application for Windows and Mac computers, a web terminal, and mobile apps for Android and iOS devices.
This is a mobile app that is packed with a plethora of useful features, including a built-in charting package that enables traders to load indicators and plot trend lines with relative ease. The platform allows its users to chat within the community and share trading ideas amongst themselves. It enables traders to trade on the go, even inside a train or bus, provided there is an internet connection.
This is designed for the real-time electronic exchange of global trading transactions, including equities, futures, and forex. The broker supports the FIX messaging version 4:4.
Zenfinex Research & Education
There is a limited selection of educational resources on the broker’s website. However, an FAQ section is in place to offer answers to clients’ most common questions.
Zenfinex Trading Accounts
Traders are allowed to choose the trading account type that best suits their trading objectives and capital. The account types and their corresponding minimum required deposits are as follows: Mini Account ($50), Standard Account ($5,000), and Pro Account ($25,000). Demo accounts are also in place for practice purposes.
Zenfinex Account Funding
The broker accepts the following payment methods for both account deposits and withdrawals: bank wire transfer, credit/debit cards, ACH, and paper cheque.
Zenfinex Customer Service
Clients can get instant and knowledgeable responses to their inquiries by contacting the customer support team via telephone, Live Chat, support ticket, email, and social media.
Zenfinex Limited is registered in England and Wales with the registration number: 11077380. The firm is regulated and authorized by the Financial Conduct Authority (FCA) with the reference number: 816055.
Zenfinex Review Summary
Zenfinex is a UK retail and institutional brokerage firm that was founded in 2015. They enable traders to trade multiple financial assets via a range of trading platforms, whilst providing them with a dedicated customer support team for prompt assistance. There are multiple account options to suit all types of traders.
It is worth mentioning that some of the trading products and services in this Zenfinex review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the Zenfinex broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.