Zenexes is a forex and CFD broker that claims to offer a wide range of trading products and services. However, there are a number of red flags that suggest that Zenexes may be a scam.
Company Overview
Zenexes is a relatively new broker, having been established in 2021. The company is registered in Seychelles, but it does not have any regulation from any reputable financial authority. This is a major red flag, as it means that Zenexes is not subject to any oversight or scrutiny.
Does Zenexes Have Any License?
No, Zenexes does not have any license from any reputable financial authority. Their website is currently not available and we have to search online for their license information. We found no information from any sources.
Does Any Authority regulate Zenexes?
No, Zenexes is not regulated by any reputable financial authority. This is a major red flag, as it means that Zenexes is not subject to any oversight or scrutiny.
Zenexes Pros and Cons
Pros
- Zenexes offers a wide range of trading products, including forex, CFDs, and cryptocurrencies.
Cons
- Zenexes is not regulated by any reputable financial authority.
- It has a number of negative reviews online.
- Zenexes has been accused of being a scam.
How Do Zenexes Reach To Their Prey?
Zenexes uses a variety of methods to reach out to potential victims. These methods include:
- Cold calling: Zenexes employees will cold call potential victims and try to convince them to open an account.
- Email marketing: Zenexes will send out unsolicited emails to potential victims, often with promises of high profits.
- Social media: Zenexes will use social media to target potential victims with ads and promotions.
Technical Details of Zenexes
Minimum Deposit
The minimum deposit requirement for Zenexes is $250.
Trading Platform
They offers two trading platforms: MetaTrader 4 and cTrader. MetaTrader 4 is a popular platform that is used by millions of traders around the world. cTrader is a newer platform that is designed to be more user-friendly and offers more advanced features.
Spread
The spread on Zenexes is variable, but it is typically around 1 pip.
Leverages
Zenexes offers leverage up to 1:500. This means that you can control a position worth $5000 with a deposit of only $100. However, it is important to use leverage with caution, as it can magnify your losses as well as your profits.
Packages and Products They Offer
Zenexes offers a variety of packages and products, including:
- Standard account: This is the basic account type offered by Zenexes. It has a minimum deposit requirement of $250 and offers a variable spread of around 1 pip.
- Premium account: This account type has a minimum deposit requirement of $5000 and offers a tighter spread of around 0.5 pips. It also offers access to more advanced trading features.
- VIP account: This account type has a minimum deposit requirement of $ 10,000 and offers a number of exclusive benefits, such as a dedicated account manager, faster withdrawals, and access to more trading signals.
Withdrawal and Deposit Method
Zenexes offers a variety of withdrawal and deposit methods, including:
- Credit/debit cards: You can deposit money into your Zenexes account using a credit or debit card.
- Bank wire transfer: You can also deposit money into your Zenexes account using a bank wire transfer.
- E-wallets: You can deposit money into your Zenexes account using an e-wallet, such as Skrill or Neteller.
What Do Their Previous Traders Say?
There are a number of negative reviews about Zenexes online. Some traders have complained about the high fees, the poor customer service, and the difficulty of withdrawing funds. Others have accused Zenexes of being a scam.
Summing Up- Why Should Not You Trust Zenexes
There are a number of reasons why you should not trust Zenexes. The company is not regulated by any reputable financial authority, it has a number of negative reviews online, and it has been accused of being a scam. If you are considering trading with Zenexes, I urge you to reconsider. There are many other forex and CFD brokers that are more reputable and trustworthy.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to Zenexes or any other scam broker, you may be able to get your money back. There are a number of organizations that can help you, such as the Financial Ombudsman Service (FOS) in the UK and the Securities Investor Protection Corporation (SIPC) in the US. You can also contact your local law enforcement agency.
You can also take our help for a quick solution. Our experts will provide you with a free consultation and service recommendations that can help you in recovering the lost fund. Also, our guides and blogs will keep you updated in the future.
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Final Thoughts
If you are looking for a forex or CFD broker, we recommend that you do your research and choose a broker that is regulated by a reputable financial authority. There are many good brokers out there, so you don’t need to risk your money with a scam broker like Zenexes.
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