ZOENOVA

ZOENOVA is an online brokerage firm that was founded on 21 June 2021. The company is registered in the United Kingdom, with its official address at Unit G25, Waterfront Studios, 1 Dock Road, London, E16 1AH. However, the broker's own description claims it is registered in the United States, creating a discrepancy in its jurisdictional identity.

ZOENOVA operates the website zoenovas.com and markets itself as a provider of diversified trading products, including forex, commodities, and indices. The broker promotes leverage up to 1000:1, a feature often associated with high-risk trading environments.

Our records indicate that ZOENOVA currently holds no regulatory licence from any known financial authority. The absence of oversight from major regulators such as the Financial Conduct Authority (FCA) in the UK or any equivalent body raises significant concerns about the safety of client funds and the integrity of the broker's operations.

Without a credible licence, traders have no guarantee of recourse in the event of disputes, mismanagement, or outright fraud. The contradiction between the registration in the UK and the claim of US registration further undermines the broker's transparency and credibility.

ZOENOVA offers four distinct account types: PRO, FIX, ECN, and CLASSIC. The specific features, minimum deposit amounts, and maximum leverage for each account tier are not publicly available from the known facts. This lack of transparency makes it difficult for potential traders to evaluate the suitability of these accounts for their trading needs.

The broker does not provide detailed information about spreads, commissions, or trading conditions on its official site, leaving traders to rely on assumptions or direct inquiries.

Given the high leverage offering and the lack of regulatory oversight, ZOENOVA appears to target traders who are willing to accept substantial risk for the potential of high returns. The broker's vague registration status and limited public information may appeal to those seeking offshore or unregulated trading environments.

However, the severe risk score assigned by FXCanary (75/100) suggests that the broker poses a significant threat to client capital. Traders with a low risk tolerance or who require regulatory protection should look elsewhere.

FXCanary's scam risk score for ZOENOVA is 75 out of 100, categorised as 'Severe'. This rating is based on the broker's unregulated status, contradictory jurisdictional claims, and the absence of transparent trading conditions. The promise of leverage up to 1000:1 is a common red flag in the retail forex industry, often associated with brokers that engage in unethical practices.

Traders considering ZOENOVA should be aware that there is no independent verification of the broker's operations or financial stability. The lack of user reviews further limits the ability to gauge real-world experiences. In FXCanary's assessment, the risks far outweigh any potential benefits.