General Information
Zeno Markets Ltd, Which Claims To Be A Global Online Trading Provider Founded In 2011 And Registered In Saint Vincent And The Grenadines, Claims To Offer Its Clients A Wide Range Of Tradable Financial Instruments Through Its Mt4 Trading Platform With Leverage Up To 1:500 And Spreads Starting From 0.1 Pip. However, It Is Important To Note That Zeno Markets Does Not Hold Any Valid Regulatory Licenses, Which May Raise Concerns For Some Traders.
Pros And Cons
Pros
• Wide Range Of Trading Tools
• Multiple Account Types • High Minimum Deposit Requirements
• MT5 Trading Platform For Various Devices
• Multi-channel Customer Support
Cons
• Not Regulated By Any Reputable Financial Institution Group
• Negative Reviews From Some Customers
• Not Accepting Afghanistan, Cuba, Iran, North Korea, Sudan, Syria, Ukraine And Residents Of The United States
• Brokers Offer Limited Educational Resources And Research Tools
Market Tools
Zeno Markets Offers A Wide Range Of Financial Instruments For Trading, Including Indices, Commodities, Metals, Cryptocurrencies, Major Currency Pairs, Minor Currency Pairs, Exotic Currency Pairs, And Stocks. This Allows Traders To Access A Variety Of Markets And Diversify Their Portfolios. Indices Offered By Zeno Markets Include Major Indices Such As The Standard & Poor 500 Index And The Nasdaq 100 Index. Commodity Instruments Include Energy Sources Such As Cocoa And Coffee.
Traders Can Also Trade Metals Such As Aluminium And Copper, As Well As A Range Of Cryptocurrency Pairs Such As Btcusd And Bchbtc. With Such A Diverse Range Of Instruments, Zeno Markets Is Designed To Meet The Needs Of Traders With Different Investment Objectives And Risk Tolerances.
Account Types
Zeno Markets Claims To Offer Three Types Of Trading Accounts, Namely Standard, VIP 1 And VIP 2. The Minimum Initial Deposit Amount Is $500 For The Standard Account, While The Other Two Account Types Have Much Higher Minimum Initial Capital Requirements Of $5,000 And $20,000 Respectively. In Contrast, Licensed Brokers Are Allowed To Open An Initial Account With A Minimum Deposit Of $100 Or Even Less.
Leverage
The Leverage Offered By Zeno Markets Is Capped At 1:500. Higher Leverage Can Amplify Your Potential Profits, But It Also Increases Your Risk Of Significant Losses. It Is Important For Traders To Carefully Manage Risk And Consider Their Own Risk Tolerance Before Engaging In Highly Leveraged Trades.
Spreads And Commissions
Despite Zeno Markets' Claims To Offer Competitive Spreads And Commissions, The Lack Of Regulatory Clearance Has Raised Concerns About The Transparency And Reliability Of Its Pricing. Specifically, Spreads Start From 1.4 Pips, 0.6 Pips And 0.1 Pips And Commissions Are Zero, Zero And $7 Per Lot For Standard, VIP 1 And VIP 2 Accounts
Trading Platform
Platform Available For Trading Zeno Markets Is The Popular Meta Trader 5 (MT5) Platform That Can Be Downloaded For Windows, IOS And Android Devices. In Addition, Clients Can Also Use MT5 Web Trader It Does Not Require Any Downloads And Can Be Accessed Through Any Web Browser.
The MT5 Platform Is Known For Its Advanced Charting Capabilities, Multiple Timeframes And Various Analytical Tools. It Also Supports Automated Trading Through The Use Of Expert Advisors (EAs) And Allows For The Integration Of Custom Indicators.
Deposits And Withdrawals
Zeno Markets Says By Accepting Deposits Local Bank Transfers, Credit Cards, Telegraphic Transfers And Cryptocurrencies. The Base Currencies Are USD, EUR, GBP, THB, IDR And VND. The Minimum Initial Deposit Requirement Of $500 May Be Considered High When Compared To Other Licensed Brokers.
Customer Support
Phone: + 1784 488 7328
Email: Support@zenomarkets.com
