EnzoFX is a forex broker established in 2023, headquartered in Costa Rica, primarily offering trading services for financial products such as forex, stocks, indices, and commodities. The platform provides three types of trading accounts for investors: Standard, ECN, and Professional. The Standard and ECN accounts offer leverage up to 1:1000, while the Professional account requires a minimum deposit of $2000.
Company Background and Regulatory Status:
EnzoFX is a brand established by ENZO FX GLOBAL MARKETS LLC to provide forex and related financial services to investors. The company claims to be registered under Costa Rican law, with registration number 4062001308862. However, upon inquiry, ENZO FX GLOBAL MARKETS LLC does not appear in the registry of SUGEF, the General Superintendence of Financial Entities of Costa Rica, and Costa Rica does not regulate financial derivatives brokerage services. The company is registered at San José, San Jose, Mata Redonda, Las Vegas, 10108 Costa Rica, with postal code 10108. The official website of EnzoFX is https://enzofx.com/, with a domain registered on July 31, 2023, making it a very recent establishment, less than a year old.
However, EnzoFX is not effectively regulated by any financial regulatory authority. While Costa Rica allows companies to register and conduct financial business, it lacks a stringent financial regulatory framework. Therefore, the forex and related financial services provided by EnzoFX may pose significant safety risks. When choosing a trading platform, investors should exercise caution and prioritize platforms regulated by strong financial authorities to ensure the safety of their funds and the protection of their legal rights.
Trading Products:
EnzoFX offers a wide range of trading products, covering forex, precious metals, indices, stocks, energy, and cryptocurrencies, providing investors with a variety of trading options. In the forex market, investors can choose from over 40 currency pairs, including major, minor, and cross-currency pairs, to find trading opportunities in the global forex markets. Additionally, EnzoFX provides CFDs (Contracts for Difference) on precious metals like gold, silver, and platinum, as well as major global indices, top stocks from the US and Europe, oil, natural gas, and cryptocurrencies.
Trading Platform:
EnzoFX offers the MT5 platform, suitable for desktop, web, and mobile devices. EnzoFX provides multiple platform download options, including versions for Windows, macOS, Android, and iOS. The MT5 platform, being EnzoFX's primary trading tool, supports forex and CFD trading and covers a wide range of asset classes and financial markets, including stocks and futures. Its powerful features and flexible trading experience make it a preferred platform for proficient traders, particularly those who rely on technical analysis for market evaluation.
Leverage Ratio:
The maximum leverage offered by EnzoFX depends on the type of account. The Standard and ECN accounts offer leverage up to 1:1000, while the maximum leverage for the Professional account is 1:500. This means investors can control larger trades with smaller amounts of capital, but this also introduces higher trading risks.
Account Types:
EnzoFX is a forex broker offering diverse trading products and multiple account options. The platform provides investors with three types of trading accounts: Standard, ECN, and Professional, to meet the needs and preferences of different investors.
- Standard Account:
Account Requirements: Minimum deposit of $100.
Spreads: Starting from 1.4 pips.
Commission: Free.
Leverage: Up to 1:1000.
- ECN Account:
Account Requirements: Minimum deposit of $500.
Spreads: Starting from 0.6 pips.
Commission: $10 per lot.
Leverage: Up to 1:1000.
- Professional Account:
Account Requirements: Minimum deposit of $2000.
Spreads: Starting from 0.1 pips.
Commission: $6 per lot.
Leverage: Up to 1:500.
Spreads and Commissions:
EnzoFX, as a forex broker, offers various trading accounts. For the Standard account, spreads start from 1.4 pips without additional commissions; for the ECN account, spreads are lower, starting at 0.6 pips, but a commission of $10 per lot is charged; the Professional account offers the lowest spreads, starting from 0.1 pips, with a $6 commission per lot.
Customer Support:
EnzoFX provides multiple customer support options. Customers can contact the support team via phone at +50688784222, or send inquiries and questions through email at support@enzofx.com. Additionally, EnzoFX has offices in various regions, such as the UK, Costa Rica, and Thailand, where customers can visit or contact the local offices for assistance.
Office Addresses:
UK: 58 St Katharine’s Way London, E1W 1JP
Costa Rica: San Jose, Mata Redonda, Las Vegas Neighborhood, 10108
Thailand: 283/66 Thonglor Road, Khlong Tan Nuea, Watthana, Bangkok, Thailand 10110
Conclusion:
EnzoFX is a forex broker headquartered in Costa Rica, offering a variety of trading products and account types, including Standard, ECN, and Professional accounts. The broker is not effectively regulated by any financial regulatory authority, so investors must carefully consider the security risks involved. The platform offers a rich array of trading products, including forex, precious metals, indices, stocks, energy, and cryptocurrencies. The trading platform used is MT5, supporting multiple operating systems, and providing various support methods such as phone, email, and physical offices. However, investors should exercise caution when choosing a trading platform and prioritize those under stringent financial regulation to ensure the safety of their funds and protection of their rights.
Currently, EnzoFX is marked as "suspected fraud" on TraderKnows.
