Zendefx.com is a forex and CFD broker that claims to offer trading on various assets, such as currencies, stocks, indices, commodities, and cryptocurrencies. The broker also claims to provide a user-friendly platform, competitive spreads, fast execution, and excellent customer support. But is Zendefx.com a reliable and trustworthy broker, or is it a scam that you should avoid?
Features of Zendefx.com
- Zendefx.com offers four types of accounts: Basic, Silver, Gold, and Platinum. The minimum deposit for the Basic account is $250, while the other accounts require higher deposits. The accounts differ in terms of leverage, spreads, commissions, bonuses, and access to trading tools and services.
- Zendefx.com provides a web-based trading platform that is compatible with any device and browser. The platform has a simple and intuitive interface, with various charting tools, indicators, and order types. The platform also supports social trading, which allows you to copy the trades of other successful traders on the network.
- Zendefx.com claims to offer over 200 tradable assets, including forex pairs, stocks, indices, commodities, and cryptocurrencies. The broker claims to have tight spreads and low commissions on its assets, as well as fast execution and no requotes.
- Zendefx.com claims to have a professional and responsive customer support team that is available 24/7 via phone, email, or live chat. The broker also provides educational resources, such as articles, videos, webinars, and ebooks, to help traders improve their skills and knowledge.
Advantages of Zendefx.com
- Zendefx.com has a user-friendly and accessible web-based trading platform that does not require any downloads or installations.
- Zendefx.com offers social trading, which can be beneficial for beginners who want to learn from more experienced traders or for busy traders who want to automate their trading.
- Zendefx.com has a wide range of tradable assets that can suit different preferences and strategies.
Disadvantages of Zendefx.com
- Zendefx.com is not regulated by any reputable authority, such as the FCA in the UK or the ASIC in Australia. This means that the broker does not have to comply with any rules or standards that protect the interests and funds of its clients. There is also no guarantee that the broker will honor its obligations or provide fair and transparent services.
- Zendefx.com has a lot of negative reviews and complaints from its clients online. Many users have reported issues with withdrawing their money, receiving unwanted calls and emails from the broker’s agents, being pressured to deposit more funds or accept bonuses with high turnover requirements, and being scammed out of their profits.
- Zendefx.com has very high minimum deposits for its accounts, especially for the Gold and Platinum accounts. The broker also charges high commissions and fees on some of its assets, which can reduce your profitability.
Zendefx.com is a forex and CFD broker that offers a web-based trading platform, social trading, and a variety of tradable assets. However, the broker is not regulated by any authority and has a lot of negative feedback from its clients. Therefore, we do not recommend trading with Zendefx.com, as it is likely a scam that will put your money at risk. Instead, we advise you to look for a regulated and reputable broker that can provide you with a safe and secure trading environment.
What to Do If You’ve Lost Money with Zendefx.com?
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