Zenith Capital is a forex broker that was registered in Saint Lucia on July 18, 2023. It mainly provides investors with financial trading services such as forex, indices, stocks, futures, and community trading, with its headquarters located in Dubai. This broker does not provide services to jurisdictions where it may violate local laws or regulations, including but not limited to the United States, Cuba, Iraq, Myanmar, North Korea, Sudan, etc.
Registration Information and Regulatory Status:
Public information on the official Zenith Capital website shows that its business entity in Saint Lucia is Zenith Capital Ltd, with the specific registration address at Ground Floor, The Sotheby Building, Rodney Bay, Gros-Islet, Saint Lucia PO Box 838, Castries, Saint Lucia, and the business registration number is 2023-00299. The actual operating address of this broker is Office No. 1102, The Prism Tower, Business Bay, Dubai, UAE.
Upon verification, the Saint Lucia International Business Company and International Trust Registry (ifc) lists a business entity named Zenith Capital Ltd with the registration number 2023-00299. However, this entity is not found in the Financial Services Regulatory Authority (FSRA) of Saint Lucia, nor in official financial regulatory agencies of other jurisdictions.
Information obtained through a Whois search shows that the official website domain name of the broker was registered on September 20, 2023. Moreover, as of February 17, 2024, the broker has been registered for less than a year.
Opening an Account:
To open an account with Zenith Capital: visit the broker's official website, click on “Open Account” on the homepage to enter the registration page, fill in personal information as required and submit. Upon passing the review, the account can be successfully registered. However, currently, this broker is under maintenance and cannot open new accounts.
Account Types:
Zenith Capital offers users a Demo Trading Account and a Real Trading Account: Standard Account.
Standard Account:
- Trading platform: MT5
- Account currencies: US Cent/Euro Cent/Pound Penny/NGN kodbo
- Leverage: Fixed at 1:25—1:1000 (forex); 1:25—1:500 (spot metals)
- Order execution type: Instant execution
- Margin call/Stop out level: 60%/ 40%
- Stop loss and take profit levels: 1 spread
- Minimal price accuracy: Forex, 5 digits after the comma (3 digits for JPY pairs); Spot metals, XAUUSD 2 digits, XAGUSD 3 digits
- Trading instruments: 25 main and secondary currencies, 2 spot metals
- Contract specifications
- Minimum trade size: 0.01 lots
- Trade increment: 0.01
- Maximum trade volume: 1 lot
- Maximum number of orders: 300 lots
- Maximum number of lots per order: 10 lots
- Maximum number of pending orders: 100 lots
Trading Platform:
The official Zenith Capital website claims to offer the MT5 trading platform to its users, but the provided download link cannot be opened, and this broker cannot be found on the MT5 trading platform.
Deposits and Withdrawals:
Zenith Capital supports deposits and withdrawals through bank transfers, credit and debit cards, e-wallets, and RPN payments.
Summary:
Traderknows reminds investors that Zenith Capital is a forex broker without effective regulation. Traderknows advises investors to preferably choose brokers with strong regulation and a good reputation for their investment and trading activities, to avoid unnecessary financial losses.
Currently, this broker is marked as 'Suspected of Scam' on Traderknows.
