Zenfinex Review 2022 – FCA Regulated Forex Broker

Zenfinex DetailsTrading PlatformsMarketsSpreads & CommissionZenfinex LeverageMobile TradingDeposits & WithdrawalsDemo Account ReviewZenfinex BonusesRegulationAdditional FeaturesTrading AccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityZenfinex VerdictAccepted CountriesAlternatives to ZenfinexFAQ

This review examines Zenfinex, a London-based forex, metals, commodities and indices brokerage. With ultra-low spreads, social trading and MT4 analysis tools, the broker has a lot to offer. We break down the MT4 platform, its product range and more, to help you decide whether to open a live account with Zenfinex.

Zenfinex Details

Zenfinex is a globally recognised brokerage headquartered in Mayfair, London. Nick Cooke founded the company in 2017 which is regulated by the FCA. The client base has grown rapidly, now spanning Europe, Asia, Australasia, South America and Africa.

The FX and CFD provider’s ethos is to be a brokerage for traders, by traders – “Our aim is to deliver an optimal trading environment that gives traders the best opportunity to succeed.”

Trading Platforms

MetaTrader 4

Widely regarded as the leading forex trading platform, MT4 is accessible to traders of varying proficiency. With over 15 years of experience and millions of clients, MT4’s reputation is grounded on key features which include:

Trading history
One-click trading
Multiple execution modes
Automated trading via APIs
Pioneering interactive charts
Sophisticated analytical functions
30 customisable technical indicators
Multiple timeframes, from one minute to a month

Zenfinex MetaTrader 4


FIX is a messaging standard used globally, aimed at connecting market participants. The solution makes high-frequency strategies possible, with real-time global trades. The terminal offers:

FIX version 4.4
Equity CFD liquidity
Institutional STP FX liquidity
Rates pushed and not pulled
Real-time global transactions
Interconnectivity between FX liquidity providers

Zenfinex FIX API platform


A wide range of instruments are offered by Zenfinex:

Forex – 50+ currency pairs
Metals – Gold, silver, palladium and platinum
Commodities – Brent and WTI oil
Indices – Major global indices including the FTSE 100 and S&P 500

It is worth noting that compared to major competitors, there isn’t a huge number of instruments to trade with.

Spreads & Commission

Zenfinex offers reasonable trading fees which vary between accounts. All fees are built into spreads on the Standard account, meaning no extra commission costs. The Pro option offers competitive spreads with $8/€7/£6 commission per lot. Finally, VIP boasts competitive spreads with a commission of $6/€5/£4.5 per lot.

Typical spreads across major FX pairs:

EUR/USD – Standard: 1.1, Pro: 0.1
GBP/USD – Standard: 1.3, Pro: 0.3
USD/CHF – Standard: 1.1, Pro: 0.4
USD/JPY – Standard: 1.1, Pro: 0.2

Typical spreads across indices:

FTSE 100 – 2.0 points
Dow Jones – 2.5 points
S&P – 0.6 points

Zenfinex Leverage

As an FCA-regulated brokerage, leverage is capped at 1:30. Rates vary across accounts and outside Europe the maximum leverage rises to 1:400.

Mini – Forex and CFD leverage up to 1:30
Standard – Forex and CFD leverage up to 1:30
Pro – Forex and CFD leverage up to 1:100

Mobile Trading

A fully functioning ZenConnect app is available on Apple and Android devices. The application is easy to navigate, enabling the user to socialise and to copy trades effortlessly. Registration is simple and the app itself is suitable for traders of varying skill levels. The Zenfinex team also check-in to ensure you are comfortable, advising you depending on your trading ability.

Zenfinex app

This app is a social trading terminal, combining the MT4 platform with Zenfinex’s own Straight Through Processing (STP) execution model. We tested the application, which was well designed, had a fast login process and was simple to use.

Key features include:

In-depth market analysis
Clean and functional design
Profit from people copying your trades
Discuss and copy trades with the Zenfinex community

Deposits & Withdrawals

There are several means of payment that can be found on the Zenfinex website. There are no fees for making deposits and the minimum payment is $50.

Deposits can be made via the following options:

Bank wire transfer (SWIFT, CHAPS, BACS, SEPA)

Withdrawals can be made via the myZen client portal. There is no fee for debit and credit cards but there may be an additional cost for bank transfer/wires. Withdrawal speeds vary, with requests processed within 1-2 days. It can take several days to make it back to your bank account and up to five for international transfers. The withdrawal options are as follows:

Bank wires
Credit or debit card
SEPA (EU accounts)
BACS (GBP denominated account)

Demo Account Review

Zenfinex offers a demo account that comes with a $10,000 virtual opening balance. This simulates real market conditions and can be used on all platforms, including the ZenConnect app. Coupled with the range of educational features, this is a perfect tool to practice trading and trial strategies with zero risk.

Zenfinex Bonuses

There are currently no bonuses in action on the Zenfinex website. That said, they have been known to run promotional deals, including zero commission schemes. Check their website for upcoming offers and terms and conditions.


Zenfinex Limited holds a license with the FCA and Zenfinex Global is registered with the SVGFSA. The Financial Conduct Authority is widely regarded as one of the more stringent financial regulators. This is a good indicator that they are committed to keeping client money safe and not manipulating market prices.

Other features include account segregation. This means client accounts are kept separate from Zenfinex’s operating capital. External and internal auditors regularly review and monitor activity. As an FCA regulated organisation, client funds are also protected by the FSCS. This protects capital up to £85,000.

Additional Features

Zenfinex has a solid educational presence. The company has partnered with Everything Trading. They offer a free, 37 lesson, beginners forex course as part of the partnership. Further to this, three advanced courses can be accessed once you start live trading.

A second partnership with KenFXFreak was recently initiated, offering admittance to a community of traders, courses, webinars and more. A content schedule is available on the Zenfinex website to keep you informed.

Multiple items are published on their website every week, incorporating breaking news and regular market analysis. These include articles from the broker’s sales support executive, Connor Woods, Ken Chigbo and MacroZen. Other areas include practical tutorials, assisting the user in navigating their services.

Trading Accounts

There are three account levels that cater to traders of all levels and requirements. All accounts open with access to 50+ forex pairs, indices and commodities:

Standard – The account opens with a minimum deposit of just £50/$50/€50. The account is ideal for new traders with zero commissions on trades and fees included in retail spreads.
Pro – Minimum deposits on the standard account are £2,500/$2,500/€2,500. Low commission forex pricing is possible through Zenfinex’s STP model at $8 per lot. Reduced commission is available for high-volume traders.
VIP – The VIP account requires a minimum deposit of £10,000/$10,000/€10,000. Institutional spreads are offered and commission comes in lower at $6 per lot.


FIX API account
STP and NDD trading
Low withdrawal charges
Good educational materials
$50 minimum deposit with no additional fees
Social trading via ZenConnect’s well-designed app


No crypto trading
Relatively new company

Trading Hours

Zenfinex operates during standard market hours. The broker’s website provides detailed trading hours for each instrument.

Customer Support

Customer support is a strength of Zenfinex. A follow up came shortly after downloading the ZenConnect app, offering technical support and advice based on trading experience. Educational resources were sent via email soon after the call.

The support team is available 24/5 via telephone, email and live chat. The live chat can be found on the Zenfinex website. The staff are multilingual and can take care of issues in real-time. Alternatively, a support ticket can be left outside of hours.

+44 (0) 20 3983 8250
Zenfinex Ltd, One Mayfair Place, Mayfair, London, W1J 8AJ

It’s also worth checking the FAQ section on the company website as they comprehensively cover a broad range of issues.


We are confident Zenfinex is a trustworthy broker. Full website terms and conditions are available on the legal documents area of the website. These include a detailed privacy policy, cookie policy and more. Strict regulatory oversight and transparency protect the client. The MetaTrader 4 platform also offers industry-standard login protocols.

Zenfinex Verdict

Despite Zenfinex’s fairly recent establishment, they are a fast-growing company. Operating with a solid variety of tools to trade, the firm is quickly becoming a reputable brokerage. Varying account types make it possible to trade regardless of the client’s ability, from beginner through to expert traders. Educational resources and social trading reinforce their ethos as a company for traders by traders.

Accepted Countries

Zenfinex accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.

Traders can not use Zenfinex from United States.

Alternatives to Zenfinex

If you are looking for alternatives to Zenfinex we have compiled a list of the top 5 brokers that are similar to Zenfinex below. This list of brokers like Zenfinex is in order of similarity and only includes companies that accept traders from your location.

Infinox – Infinox is a UK-based broker offering MT4 trading with tight spreads.

OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.

Admiral Markets – Admiral Markets is leading Forex and CFD broker offering the MT4 & MT5 platforms

RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.

FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.


Where is Zenfinex regulated?

Zenfinex Limited is a UK registered company, regulated by the Financial Conduct Authority. Zenfinex Global is registered with the Financial Services Authority in Saint Vincent and the Grenadines.

Does Zenfinex offer a demo account?

A demo account is available with Zenfinex, an opportunity to practice trading in real-life conditions on the ZenConnect app and MT4 platforms. The account is simple to open and comes with a $10,000 opening balance.

How much capital do I need to trade with this broker?

The minimum deposit at Zenfinex is $50/£50/€50. Low deposit options make the broker accessible for traders of all abilities.

Does Zenfinex offer mobile trading?

Zenfinex does offer mobile trading, via the MetaTrader terminal and the ZenConnect platform. ZenConnect is a well-designed social trading app, combining the Zenfinex STP model and MetaTrader 4.

Is Zenfinex a good broker?

Zenfinex is a solid up-and-coming company. The brokerage boasts competitive fees, well-functioning platforms and is regulated by the FCA, a leading financial regulator.

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