Company Profile
Note: For some unknown reason, we cannot open Zeniths official site (http://www.zenithwealthex.com) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
General Information & Regulation
Zenith is allegedly a forex broker registered in China that claims to provide its clients (Chinese market only) with floating spreads on the leading MetaTrader5 trading platform.
As for regulation, it has been verified that Zenith does not fall under any valid regulations. That is why its regulatory status on WikiFX is listed as “No License” and it receives a relatively low score of 1.70/10. Please be aware of the risk.
Negative Reviews
Some traders shared their terrible trading experience on the Zenith platform at WikiFX. They said this is a fraud scam platform that is unable to withdraw funds. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Market Instruments
Zenith advertises that it offers access to a wide range of trading instruments in financial markets, including forex and commodities.
Spreads
The EUR/USD spread at Zenith is usually between 0.2 and 0.5 pips.
Trading Platform Available
The platform available for trading at Zenith is the industry-standard MetaTrader5. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Deposit & Withdrawal
Zenith says to accept credit/debit card payments and wire transfers. The minimum initial deposit requirement is said to be $100, and the minimum withdrawal amount is $50.
Customer Support
Zenith‘s customer support can be reached by email: zenithservice@zenithwealthex.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
Risk Warning
Online trading involves a significant level of risk and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
Beta丶
Hong Kong China
I can’t withdraw after profiting here....
Exposure
FX4117076160
Singapore
Apply for withdrawals on December 1, but the withdrawal hasn't arrived yet. The withdrawal was deducted from my MT5 already.
Exposure
Achim
United States
This is a fraud platform without any regulatory information, and the regulatory information above is all false. I deposited $20,000, but when I made a profit, I could not close the position, resulting in my capital loss, and the remaining capital could not be withdrawn.
Exposure
Agent007
Philippines
To all traders beware of this broker its a Chinese Scam broker you can’t withdraw your money in this broker.
Exposure