NEXZENFX

NEXZENFX is a brokerage company registered in 2023 and claims to offer trading services in forex and precious metals such as gold, silver and platinum. Demo accounts, three live accounts and several trading tools such as pip value calculator, margin calculator and currency converter are said to be provided.

But strangely, all the links on its website are invalid and only go to the mainpage when we click. And there's not enough information on the website for us to know about them well. Worst of all, the broker is not regulated by any supervisory authorities, further enhances the impression of unreliability and untrustworthiness.

Pros and Cons

Is NEXZENFX Legit?

No, NEXZENFX isn't regulated by any financial institutions. Investors should be cautious about trading.

What Can I Trade on NEXZENFX?

From its website, the broker claims to offer trading services in forex and precious metals. Options include EURUSD, USDJPY, GBPUSD, AUDUSD, EURGBP, AUDCAD, gold, silver and platinum. This is all the information we can find on the broker's website, which leaves us very confused about them.

You should be very careful when dealing with this broker. The less information they disclose, the bigger issues there will be.

Account Type

Apart from demo accounts, there are three live account types per the broker's website: Standard account, Commission account and STP Pro account.

However, all the links to opening these accounts are invalid. We have no way to learn about the broker's trading conditions, such as minimum deposit, leverage, trading costs, etc.

Spread

Spread is the difference between buying and selling prices. A negative value indicates that the selling price is higher than the buying price, while a positive value means the opposite.

NEXZENFX shows some currency pairs' spread, e.g., the benchmark currency pair - EUR/USD spread is 1.4 pips.

Trading Platform

NEXZENFX says it offers a Mobile App for trading with market updates and notification features, but the app cannot be downloaded actually when we try to.

Deposit and Withdrawal

For funding methods, we only see some icons at the bottom of the broker's website, which show they accept payment through Visa, Maestro, Paypay, American Express and Cirrus. But in view of the current situation, who knows if the information matches what they actually provide or not.