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Zeno Markets
Suspected Fraud
Suspected Fraud

Zeno Markets

🇨🇳
  • Forex
  • Brokerage
2-5 years
Website

Current Rating

1.44

Industry Tier

E

Profile

Zeno Markets is an online trading platform offering a diverse range of financial trading products, including stocks, foreign exchange, and cryptocurrencies. Despite its official registration address being in Saint Vincent and the Grenadines, there are some questions regarding the authenticity of this address and its regulatory status. The official website of Zeno Markets is: https://zenomarkets.com/

Corporate Background and Regulatory Information of Zeno Markets:

Zeno Markets' official registration address is Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, P.O. Box 1510, Saint Vincent and the Grenadines. However, investigations have revealed that this address actually belongs to INTEGRA HOLDINGS LTD. The domain name of the corporation was registered on June 14, 2021. Currently, Zeno Markets is not regulated by any financial regulatory authority. This situation may raise concerns about the company's legitimacy and operational transparency.

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Account Types at Zeno Markets:

Zeno Markets offers three types of trading accounts: Standard Account, VIP 1 Account, and VIP 2 Account. The minimum initial deposit for a Standard Account is $500, while the minimum initial deposits for the VIP 1 and VIP 2 accounts are $5,000 and $20,000, respectively. This is significantly higher than the minimum deposit requirements (usually $100 or even lower) offered by some licensed brokers.

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Trading Platform of Zeno Markets:

The official website of Zeno Markets does not specify its trading platform.

Trading Products at Zeno Markets:

Zeno Markets offers a wide array of financial instruments for trading, including indices, commodities, metals, cryptocurrencies, major currency pairs, minor currency pairs, exotic currency pairs, and stocks, allowing traders to diversify their investment portfolios. In terms of indices, the platform provides major indices such as the S&P 500 and Nasdaq 100. In commodity trading, tradable products include agricultural commodities like cocoa and coffee. Additionally, traders can also trade metals such as aluminum, copper, as well as cryptocurrency pairs like BTCUSD and BCHBTC. Zeno Markets' diverse product selection is designed to meet the needs of traders with different investment objectives and risk preferences.

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Leverage, Spreads, and Commissions at Zeno Markets

Zeno Markets offers a maximum leverage ratio of 1:500, presenting traders with the opportunity to amplify potential profits, but also increasing the risk of significant losses. Therefore, when engaging in high-leverage trading, traders need to cautiously manage risks and fully consider their risk tolerance. Regarding spreads and commissions, Zeno Markets offers competitive conditions. Specifically, spreads vary from 1.4 pips for Standard accounts, 0.6 pips for VIP 1 accounts, to 0.1 pips for VIP 2 accounts. In terms of commissions, Standard accounts are commission-free, whereas VIP 1 and VIP 2 accounts are charged $10 and $6 per lot, respectively. These pricing strategies are intended to meet the needs of different types of traders.

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Deposit and Withdrawal Methods at Zeno Markets:

Zeno Markets offers a variety of deposit and withdrawal methods, including local bank transfers, credit cards, wire transfers, and cryptocurrencies. Additionally, the platform supports multiple base currency options, including USD, EUR, GBP, THB, IDR, and VND, accommodating the transaction and fund management needs of users from different regions. These flexible payment methods and currency options enable Zeno Markets to cater to a global user base.

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Customer Support at Zeno Markets:

Email:

  1. support@zenomarkets.com
  2. compliance@zenomarkets.com

Phone:

  1. UK: (+44) 0203 872 4455
  2. Hong Kong: (+852) 3701 1783
  3. Southeast Asia: (+66) 841424000

Conclusion:

Zeno Markets has attracted global investors with its broad range of trading tools and flexible account options. However, due to the lack of regulation, investors should carefully consider the associated risks of trading with this platform. Furthermore, despite providing various deposit methods and comprehensive customer support, investors should conduct thorough research and risk assessment before opening an account and trading, to ensure the security of their funds. Overall, while Zeno Markets offers numerous advantages, the potential regulatory and security concerns cannot be ignored. Currently, Zeno Markets is flagged as "Suspected Fraud" on TraderKnows.

User Reviews

1.44

Rated by 0 people

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FAQ About Zeno Markets

01

What is Zeno Markets's official website?

A: Zeno Markets's official website is https://zenomarkets.com/

02

Is Zeno Markets a legitimate company, or is it a scam?

A: Zeno Markets is currently marked as Suspected Fraud on TraderKnows.

03

What is Zeno Markets?

A: Zeno Markets is a Forex, Brokerage company.

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