Score

3.22 /10
Danger

Zenstox

Seychelles

2-5 years

Regulated in Seychelles

Retail Forex License

High potential risk

Offshore Regulated

C

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Comparison

Quantity 9

Exposure

Open Account
Website

Score

Regulatory Index3.05

Business Index6.09

Risk Management Index0.00

Software Index4.00

License Index3.05

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

VIE FINANCE SEY LTD

Company Abbreviation

Zenstox

Platform registered country and region

Seychelles

Company website

WhatsApp

  • +97143118110

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 3
Previous Detection : 2025-07-07
  • The number of the complaints received by WikiFX have reached 7 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
  • The Seychelles FSA regulation with license number: SD123 is an offshore regulation. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
Resolved

Zenstox account rabih Hanna file number 11188215

Dear sir, I'm writing this message to explain for you my situation with zenstox. I'm rabih Hanna customer invest with zenstox company my account number 11188215 after several deposit in my account amount of 73000$ with my manger account, miss lamia alali and Mr Saleh alsheikh this manager always we provide me a way to deposit money and didn't withdraw till date as my last week account I'm withdraw from my account approve amount 57000$ and after 3 days zenstox rejected my situation very bad financially due to your manager descion without any results I'm from lebanon as I'm also in this time and my country in bad situation, Please management I need from you to help me to withdraw from my account at zenstox company as since around one year my file open without any withdraw Always I'm deposit money in my account as per your manger descion without any result Kindly urge you management to withdraw at list my deposit or equivalent because I'm in bad situation financially

2024-10-27 22:28
Scam

Beware of Zenstox - A Scam App I had a ver

I had a very disappointing experience with Zenstox, which I believe is a scam. Initially, I was attracted to the app for its promises of high returns on investments. I invested a significant amount of money based on their assurances that I would see substantial returns. However, after making several deposits, I found it increasingly difficult to withdraw my funds. Every time I attempted to withdraw, I was met with excuses and delays. Eventually, I realized that they had no intention of returning my money. It feels like they've taken all my funds without any accountability. I strongly advise anyone considering using Zenstox to think twice. My experience has left me feeling cheated and frustrated, and I wouldn't want anyone else to go through what I did.

2024-09-24 22:35
    Zenstox · Company summary
    Zenstox Review Summary
    Founded2022
    Registered Country/RegionSeychelles
    RegulationSeychelles FSA (License No. SD123)
    Market InstrumentsForex, Stocks, Indices, Commodities, Cryptocurrencies
    Demo Account/
    LeverageUp to 1:200
    SpreadFixed spreads (example: CFDs on Cryptos - 0.50%)
    Trading PlatformZenstox Custom Platform, XCITE Mobile App
    Min Deposit$200
    Customer SupportEmail: 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.

    Zenstox Information

    Pros and Cons

    Pros Cons
    Regulated by Seychelles FSAHigh inactivity fees
    Wide range of instruments (300+ CFDs)Lower leverage for Cryptocurrencies (1:2)
    Custom platform and mobile app for flexibilitySwap 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.

    Is Zenstox Legit?

    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
    What Can I Trade on Zenstox?

    Account Types

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

    Account Types

    Leverage

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

    Instrument TypeMaximum Leverage
    CFD on Forex, Gold, Silver, and CL1:200
    CFD on Indices and Commodities1:100
    CFD on Shares1:10
    CFD on Cryptocurrencies1:2
    Leverage

    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

    Zenstox Fees

    Non-Trading Fees

    Non-trading Fees
    Deposit FeeFree
    Withdrawal FeeNot mentioned
    Inactivity Fee$500 per inactive quarter (after 3 months)
    Credit-Out RuleActivated after 45 days of inactivity

    Trading Platform

    Trading PlatformSupported Available Devices Suitable for what kind of traders
    Zenstox Custom PlatformWeb-based, DesktopTraders seeking a simple and intuitive interface
    XCITE Mobile AppiOS, AndroidMobile traders who need access to the global markets anytime
    Trading Platform

    Deposit and Withdrawal

    Zenstox accepts deposits and withdrawals with minimal fees for trading accounts denominated in USD.

    Deposit Options

    Deposit Options Min. DepositFees Processing Time
    Bank Transfer$200Free1-3 Business Days
    Credit/Debit Card$200FreeInstant

    Withdrawal Options

    Withdrawal Options Min. Withdrawal Fees Processing Time
    Bank TransferNot MentionedNot mentioned1-3 Business Days
    Withdrawal Options

    News

    ExposureZenstox: A Trader’s Nightmare? An Inside Look at Alleged Scams and Unethical Practices

    Rabih, a seasoned investor, initially trusted Zenstox’s promises of profit and support through dedicated account management. However, this trust quickly turned into frustration and despair, as he realized his investments were seemingly locked with no hope of retrieval.

    WikiFX
    2024-11-06 17:42
    Zenstox: A Trader’s Nightmare? An Inside Look at Alleged Scams and Unethical Practices

    ExposureTrapped by Promises: Moroccan Trader Loses Over $10,000 to Zenstox

    A Moroccan trader's encounter with repeated deposit demands and an inability to withdraw funds from Zenstox (VIE Finance Sey Ltd) exposes major concerns with the broker's transparency and highlights the importance of researching platforms before investing.

    WikiFX
    2024-10-25 17:32
    Trapped by Promises: Moroccan Trader Loses Over $10,000 to Zenstox

    ExposureA trader from Morocco accused Zenstox of blocking the withdrawal

    Recently, the negative views against a broker called Zenstox have been sherd into the light. One such case involves Zenstox, a broker that has come under scrutiny for its questionable practices.

    WikiFX
    2024-09-19 15:19
    A trader from Morocco accused Zenstox of blocking the withdrawal

    User Reviews

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    User comment

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    Comments

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    FX4305362492
    0-3months
    Dear Sir, I am writing to formally report a serious issue regarding my investment with the company Zenstox, under account number 1165359. I was misled into making two deposits totaling $5,000 USD through my assigned account manager, Mr. Chaker. Following these deposits, I was contacted by another individual claiming to be from “Al Maliye”, who pressured me into making an additional deposit of $4,000 USD, stating it was required in order to process my withdrawal. Unfortunately, after making all payments, I am now unable to access or recover my funds. No one is responding to my withdrawal requests or communications. I now strongly believe I have been the victim of a scam. I request your assistance in investigating this matter and taking the necessary actions to help me recover my money.
    Dear Sir, I am writing to formally report a serious issue regarding my investment with the company Zenstox, under account number 1165359. I was misled into making two deposits totaling $5,000 USD through my assigned account manager, Mr. Chaker. Following these deposits, I was contacted by another individual claiming to be from “Al Maliye”, who pressured me into making an additional deposit of $4,000 USD, stating it was required in order to process my withdrawal. Unfortunately, after making all payments, I am now unable to access or recover my funds. No one is responding to my withdrawal requests or communications. I now strongly believe I have been the victim of a scam. I request your assistance in investigating this matter and taking the necessary actions to help me recover my money.
    Translate to English
    2025-06-27 20:26
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    fadi9930
    0-3months
    I deposited and withdrew successfully on 01‑Jun‑2025. I submitted a withdrawal on 06‑Jun‑2025 which was ignored. After I demanded action via WhatsApp, they not answered at all. On 13‑Jun‑2025 my platform login was blocked with “Incorrect username/password”. No notification, no refund, no explanation. Multiple other users report similar scam behavior including withdrawal blocks and forced additional deposits. This exposure is to warn others and urge FSA Seychelles to investigate.
    I deposited and withdrew successfully on 01‑Jun‑2025. I submitted a withdrawal on 06‑Jun‑2025 which was ignored. After I demanded action via WhatsApp, they not answered at all. On 13‑Jun‑2025 my platform login was blocked with “Incorrect username/password”. No notification, no refund, no explanation. Multiple other users report similar scam behavior including withdrawal blocks and forced additional deposits. This exposure is to warn others and urge FSA Seychelles to investigate.
    Translate to English
    2025-06-13 22:37
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