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
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.
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
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.
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.
