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Exceeded
Score
2.45 /10
Danger
ZenithIndex
Within 1 yearRegulated in United States
Common Business Registration
MT5 Full License
Regional Brokers
Suspicious Overrun
Medium potential risk
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Comparison
Expose
Exposure
Time Machine
Website
Score
Regulatory Index1.25
Business Index3.76
Risk Management Index0.00
Software Index8.09
License Index1.25
Time Machine
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Warning: Low score, please stay away!
Previous Detection :
2024-11-18
- This broker exceeds the business scope regulated by United States NFA(license number: 16157674)Common Business Registration Non-Forex License. Please be aware of the risk!
WikiFX Verification
ZenithIndex information
ZenithIndex is a pan-African financial technology services company founded in Comoros in 2019. It operates as a Foreign Exchange (Forex) and Contracts for Difference (CFD) broker, offering six trading assets: Forex, Cryptocurrencies, Indices, Commodities, Metals, and Bonds. However, ZenithIndex is unregulated, which is its biggest drawback.
Pros and Cons
| Pros | Cons |
| 6 tradable assets | Lack of regulation |
| MT5 trading platform | Lack of transparency |
| Multiple contact channels |
Is ZenithIndex Legit？
ZenithIndex is owned and operated by GoDaddy.com, LLC., whose registration number is 54930014QNWWH8OAC930. However, we cannot find any information on the Anjouan Offshore Finance Authority (AOFA), and it is also not regulated by FCA and ASIC.
What Can I Trade on ZenithIndex？
ZenithIndex offers 1,000+ instruments that customers can mix and match when trading, like forex, crypto currencies, indices, commodities, metals, bonds. However, clients need to know that ZenithIndex does not offer stocks.
| Tradable Instruments | Supported |
| forex | ✔ |
| Crypto Currencies | ✔ |
| Indices | ✔ |
| Commodities | ✔ |
| Metals | ✔ |
| Bonds | ✔ |
| Stocks | ❌ |
Account Type
ZenithIndex offers two accounts: demo and live. It is very fast to open an account and it takes only three steps within minutes. If you are an experienced client, you can directly open a live account for trading. On the other hand, you should open a demo account to practice and learn and then for actual trading.
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Desktop, WebTrader, Mobile | Professional Traders |
Customer Service
For any question you might have, reach out to them by phone (+27 (0)31 003 3185) or email (info@zenithindexfx.com). You can also dig into their social media channels (Facebook, Youtube, Twitter, etc) or hit a button on an online message box.
| Contact Options | Details |
| Phone | +27 (0)31 003 3185 |
| info@zenithindexfx.com | |
| Support Ticket System | ❌ |
| Online Chat | Telegram |
| Social Media | Telegram, facebook, twitter, instagram, linkedin, youtube |
| Supported Language | English, Korean, Chinese |
| Website Language | English, Korean, Chinese |
| Physical Address | 18, The Boulevard, Westway Office Park, Westville, Durban, 3629, South Africa. |
The Bottom Line
ZenithIndex offers many instruments that its clients can freely combine. MT5's in-depth market data analysis will attract many professional traders. However, its biggest drawbacks are unregulated and untransparent information. Remember to consider the potential risks before choosing a broker.
FAQs
Is ZenithIndex safe？
No. ZenithIndex's unregulated and non-transparent information can expose customers to financial loss and legal risk.
Is ZenithIndex good for beginners？
No, it is not good for beginners because its platform is very complicated that beginners can not know the basic financial knowledge.
Is ZenithIndex good for day trading？
Yes, MT5 offers technical indicators, charting tools, and analytical functions for professional traders in high-frequency trading.
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