ZenovaFx

ZenovaFx is a forex and CFD brokerage firm established on 31 January 2023 and registered in Mauritius. The company operates from its registered address at 20 Edith Cavell Street, Level 6 Ken Lee Building, Port Louis. As a relatively new entrant to the online trading industry, ZenovaFx markets itself as a multi-asset broker providing access to forex, indices, metals, energy, and CFD instruments.

According to our records, ZenovaFx does not hold any recognised regulatory licence from any financial authority. The broker is based in Mauritius, a jurisdiction that is not commonly associated with stringent financial oversight, and the absence of a regulatory licence is a significant factor for traders to consider. Without oversight from a reputable regulator, there is no external mechanism to ensure the broker adheres to industry standards for client fund segregation, transparency, or dispute resolution.

ZenovaFx offers four account types: Standard, Premium, ECN PRO, and Islamic Account. The Standard account requires a minimum deposit of $1,000, while the Premium and ECN PRO accounts demand significantly higher deposits of $10,000 and $5,000 respectively. The Islamic Account has no specified minimum deposit or maximum leverage, indicating it may be tailored for traders requiring swap-free conditions. All non-Islamic accounts offer a maximum leverage of 1:500.

The broker's product offering spans forex, CFDs, indices, metals, and energy commodities. This range allows traders to diversify across traditional currency pairs, equity indices, precious metals like gold and silver, and energy markets such as oil and natural gas. However, the exact number of instruments available within each category is not specified in the available information.

No specific trading platform information (such as MetaTrader 4/5 or proprietary software) is mentioned in the known facts. The availability of a demo account is noted, which suggests that prospective clients can test the broker's services before committing funds. Additional tools or educational resources have not been disclosed.

Details regarding funding methods, currencies accepted, and withdrawal processes are not provided in the available data. As with many brokers, clients may expect options such as bank wire, credit/debit cards, and e-wallets, but this remains unconfirmed. The lack of transparent information on financial transactions is a point of caution for traders evaluating the broker.

ZenovaFx maintains a presence on social media platforms including Instagram, LinkedIn, Twitter/X, and YouTube, which can serve as channels for announcements and community interaction. However, specific support channels (live chat, phone, email) are not documented in the known facts. The broker's overall transparency about its operations and team is limited, which is typical for many newly established offshore entities.