Zenstox Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-16 13:54

Abstract：With more than 300 CFDs among its many other trading instruments, Zenstox offers a variety of trading options. Zenstox has mobile access and user-friendly interfaces for beginners and pros, but its inactivity and CFD expenses are more than average.

Zenstox Review Summary
Founded	2022
Registered Country/Region	Seychelles
Regulation	Seychelles FSA (License No. SD123)
Market Instruments	Forex, Stocks, Indices, Commodities, Cryptocurrencies
Demo Account	/
Leverage	Up to 1:200
Spread	Fixed spreads (example: CFDs on Cryptos - 0.50%)
Trading Platform	Zenstox Custom Platform, XCITE Mobile App
Min Deposit	$200
Customer Support	Email: customer.service@zenstox.com
	Phone: +97365003849
	WhatsApp: +97143118110
	Online Chat

Zenstox Information

　　With more than 300 CFDs among its many other trading instruments, Zenstox offers a variety of trading options. Zenstox has mobile access and user-friendly interfaces for beginners and pros, but its inactivity and CFD expenses are more than average.

Pros and Cons

Pros	Cons
Regulated by Seychelles FSA	High inactivity fees
Wide range of instruments (300+ CFDs)	Lower leverage for Cryptocurrencies (1:2)
Custom platform and mobile app for flexibility	Swap fees on overnight positions

Is Zenstox Legit?

　　Zenstox holds a Retail Forex License from the Seychelles Financial Services Authority (FSA) under SD123. Since this legislation is offshore, traders should be cautious and assess the risks.

What Can I Trade on Zenstox?

　　Zenstox provides CFD trading covering more than three hundred premium symbols. Offering traders a range of investment choices, their portfolio consists in well-known CFDs on Forex, equities, indices, commodities, and cryptocurrencies.

Tradable Instruments	Supported
Forex	✔
Stocks	✔
Indices	✔
Commodities	✔
Cryptocurrencies	✔

Account Types

　　Two major forms of trading accounts are provided by Zenstox, each designed to meet varying trading requirements.

Leverage

　　Based on financial instruments, Zenstox enables flexible leverage. More leverage increases risks and profits. Traders must control risk to avoid large losses.

Instrument Type	Maximum Leverage
CFD on Forex, Gold, Silver, and CL	1:200
CFD on Indices and Commodities	1:100
CFD on Shares	1:10
CFD on Cryptocurrencies	1:2

Zenstox Fees

　　Zenstox's trading fees are higher than the industry standard, particularly for inactivity and cryptocurrency CFDs.

　　Spreads: Fixed spreads ensure transparent pricing, even during volatility.

　　Rollover Fee (Swap):

　　CFDs on Forex, Stocks, Indices, and Commodities: 0.02% of overnight exposure

　　CFDs on Cryptocurrencies: 0.50% due to high volatility

Non-Trading Fees

Non-trading Fees
Deposit Fee	Free
Withdrawal Fee	Not mentioned
Inactivity Fee	$500 per inactive quarter (after 3 months)
Credit-Out Rule	Activated after 45 days of inactivity

Trading Platform

Trading Platform	Supported	Available Devices	Suitable for what kind of traders
Zenstox Custom Platform	✔	Web-based, Desktop	Traders seeking a simple and intuitive interface
XCITE Mobile App	✔	iOS, Android	Mobile traders who need access to the global markets anytime