FAQ
Knowledgebase
Answers to common questions
Answers to common questions
Deposit Information
If the account has been closed for less than 6 months, Zenfinex will reactivate an account for you. If the account has been closed for more than 6 months, then you can quickly resubmit the online application to start trading again.
Log into myZen to change your card details.
Yes, as long as the names match the name of the account holder. Withdrawals have to be made back to the same credit or debit card used to originally deposit.
It is not possible to use prepaid debit or Maestro cards for a deposit.
There may have been a small bank wire fee charged on the incoming wire. This fee is typically $25.
Credit and debit card is the quickest way to make a deposit through the online client portal . If you are depositing more than $10,000 the best way is wire transfer.
The minimum deposit to open a Mini Account is £50:$50:€50
The minimum deposit to open a Standard Account is £5000:$5000:€5000
The minimum deposit to open a Pro Account is £25000:$25000:€25000
Every trader has different financial condition and goals. You should consult with your financial consultant to determine your financial situation. At Zenfinex we consider that $10,000 should be a good starting point to start trading live as a professional trader, we also recommend trading with effective leverage of 10 to 1 or even lower. We have seen that great traders have risk management rules in place and follow their trading plan. We do not know where the market is going to move causing your strategy to take on losses. However having the right mindset, right broker and trading plan in place is a good way to success.
Zenfinex is the trading name of the Zenfinex Group of companies.
Africa.Zenfinex.com is owned and operated within the Zenfinex Group of companies. The Zenfinex Group consists of:
Stochastic Africa (SL) Limited, trading as Zenfinex Africa, is a company registered in Sierra Leone with Company Number: SL270319STOCH05271 and is licensed by the Bank of Sierra Leone under license number BSL/SAL/2023 and with the registered office at 148D Wilkinson Road, Freetown, Sierra Leone.
Zenfinex Global LLC is a company registered with the Financial Services Authority in Saint Vincent and the Grenadines under registered number 138 LLC 2019. Its registered office is Hinds Building, Kingstown, Saint Vincent and the Grenadines.
Zenfinex Global Limited is a company registered in Seychelles with registration number: 8428731-1, and is regulated by the Financial Services Authority of Seychelles with License number: SD092. Its registered office is F20, 1st Floor, Eden Plaza, Eden Island, Seychelles.
ZFN Europe Ltd is a company registered in Cyprus under registered number HE 411334. Its registered office is Naxou 1, First Floor, Flat/Office 103 Stovolos, 2043, Nicosia , Cyprus.
Clients must be at least 18 years old to use the services of Zenfinex.
Risk Warning: Contracts for Difference (CFDs) are highly speculative and may not be suitable for all investors. The company offers trading on margin. The leverage created by trading on margin can work against you as well as for you, and losses can exceed your entire investment. Only invest with money you can afford to lose and ensure that you fully understand the risks involved. Seek independent advice if necessary and review our Risk Disclosure and Privacy Disclosure before opening an account. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
You are strongly advised to obtain independent financial, legal and tax advice before proceeding with any currency or spot metals trade. Nothing in this site should be read or construed as constituting advice on the part of Zenfinex or any of its affiliates, directors, officers or employees.
Residence: The information on this site is not directed at residents of the United States, Canada, North Korea, Iran, Belgium, Japan, South Africa or any particular country and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Zenfinex Africa is a trading name of Stochastic Africa SL Ltd, registered in Sierra Leone.
Registered Office Address:148D Wilkinson Road, Freetown Sierra Leone
Licensed and Regulated to operate a CFD trading Platform: by Bank of Sierra Leone
Registration No: SL270319STOCH05271
Certificate Number: BSL/SAL/2023
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