ZenoTrize (zenotrize.com) has been flagged by ASIC (Australia) for "Unlicensed". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: zenotrize.com.
I signed up with ZenoTrize (zenotrize.com) through my accountant's suggestion and the first red flag was the aggressive account manager who would not stop calling. After depositing, the promised support vanished. Withdrawals are delayed with endless excuses. I have reported them to the regulator.
Pros: Customizable dashboard|Segregated accounts|Wide product range|Comprehensive tools
Cons: Minimum deposit could be lower
Do not use ZenoTrize (zenotrize.com) for anything serious. I used them for about ten months for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Helpful community forum|Economic calendar
Cons: Limited social trading features|Limited cryptocurrency options
ZenoTrize (zenotrize.com) advertises low fees but once you dig into the fine print, there are numerous charges that add up quickly. Inactivity fees, withdrawal fees, currency conversion fees - it all eats into your returns. I wish I had read the terms more carefully.
Pros: Fast deposits|Tax reports included|Social trading features|Stable platform
Cons: No fractional shares|Some tools only available on higher tiers
KYC with ZenoTrize (zenotrize.com) is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.
Pros: Economic calendar|Multi-device support|Dividend tracking
Cons: Charting tools need more indicators
I closed a profitable position at ZenoTrize (zenotrize.com) and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Multi-currency support|Tax reports included|Two-factor authentication
Cons: No fractional shares|No live chat on mobile