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Zenfinex Review
Zenfinex is an FCA regulated UK broker that moved its retail brokerage business to a new brand, Taurex, in 2023. The FCA has also warned about a clone site using its name.
Min Deposit
$50
Spreads From
Not clearly published, marketing pages cite tight spreads without a set figure
Max Leverage
1:30 for retail clients, 1:100 for elective professional clients
Platforms
MetaTrader 4, MetaTrader 5
Pros
- Zenfinex Limited is directly authorized by the FCA under reference 816055
- States its 67.39 percent retail loss rate openly in its own risk warning
- Minimum deposit for a card funded account is just $50
- Supports both MetaTrader 4 and MetaTrader 5 for trading
Cons
- Moved its retail brokerage brand to Taurex in 2023, so Zenfinex is less retail focused
- The FCA has warned about a clone site using the Zenfinex name to trick people
- Retail leverage is capped at just 1:30 under FCA and ESMA style rules
- 67.39 percent of retail investor accounts lose money on its CFDs, by its own figures
- Its own site does not publish a clear typical spread figure for review
Nick Cooke founded Zenfinex Limited in the UK, and the FCA authorized the firm on 11 March 2019 under reference 816055. The wider Zenfinex Group later added Zenfinex Global Limited in Seychelles and a Dubai DIFC entity to reach more regions.
In September 2023 Zenfinex rebranded its retail brokerage arm to a new name, Taurex, and now focuses more on institutional liquidity and technology. Zenfinex still quotes FCA retail rules directly, capping retail leverage at 1:30 and professional accounts at 1:100, with a $50 minimum card deposit and MetaTrader 4 and 5 access.
By Zenfinex's own published figure, 67.39 percent of retail investor accounts lose money trading CFDs with the firm. The FCA has also issued an official warning that a clone site using the Zenfinex name and pretending to be this authorized firm is operating without any real permission, so readers should confirm they are on the genuine domain.
Min. Deposit
USD 50
Max Leverage
1:30 for retail clients, 1:100 for elective professional clients
Spreads From
Not clearly published, marketing pages cite tight spreads without a set figure
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
