FAQ
Knowledgebase
Answers to common questions
Answers to common questions
Withdrawal Status
It is very simple, first make sure you have no open positions. Then you can send an email to [email protected] requesting to change the base currency of your account. Currently we offer base currencies of USD, EUR, and GBP.
No, there are no fees to open an account at Zenfinex.
We offer Mini, Standard & Pro Accounts.
Learn more about Zenfinex’s different account types
To open an account is quick and easy. Simply click open an account, complete the required details and agree to our terms and conditions.
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
This is the minimum amount to open an account with Zenfinex. It is 500 units of the currency of your choice. Current options are GBP, EUR and USD.
You will receive an automated email from our operations team whenever a deposit is made. This will be sent to the email address registered on file.
It’s quick and easy to withdraw funds from your Zenfinex trading account. For your convenience, withdrawal requests are submitted online and not through telephone.
To withdraw funds, please log into myZen and click on “Withdraw Funds”. A withdrawal request can be submitted online by selecting your withdrawal method and clicking “Submit”. We will process your withdrawal request within one business day whenever possible. The available withdrawal options and time frames to receive funds are:
Credit or Debit Card:
Time frames will vary depending on the credit card issuer and may take up to one billing cycle to post back to the credit or debit card used for funding.
Bank Wires:
Domestic bank wires take approximately one to two business days and international bank wires take approximately three to five business days, often less, to arrive.
SEPA:
If you have a Euro denominated account and your bank account is located in the European Union, you will have the option to withdraw funds via SEPA.
BACS:
If you have a GBP denominated account and your bank account is located in the United Kingdom, you will have the option to withdraw funds via BACS.
Domestic bank wires take approximately one to two business days and international bank wires take three to five business days, often less, to arrive.
Credit / Debit Cards:
If you funded your account with a credit card or debit card, it is required to withdraw the principal amount (deposit amount) back to your credit card. The credit card issuer may take from five business days to one billing cycle (approximately thirty days) to post back to the credit or debit card used for funding. When requesting a withdrawal to a credit card, please consider if that card is closed, expired, or a different credit card number has been issued, to choose an alternative method of withdrawal. Returning funds to a closed account can cause a significant delay in receiving funds, and Zenfinex cannot guarantee a time frame in which funds will be received if the requested withdrawal amount is initiated to a closed account.
There are no fees for withdrawals by credit or debit card. A small withdrawal fee will be charged for all bank wire requests.
Go to your Zenfinex account portal and login with your username and password. There is an option to ‘Withdraw Funds’.
The minimum withdrawal is 100 CCY of the base currency of your account.
Go to myZen and login with your username and password. There is an option to ‘Withdraw Funds’.
The minimum withdrawal is 100 CCY of the base currency of your account.
There is no charge for debit or credit card account withdrawals. There may be a small fee for withdrawals that are made through bank wire or transfer.
Account withdrawals are processed on a first come, first served basis. We aim to process each withdrawal within one business day.
There may have been a small bank wire fee charged on the outgoing wire. This fee is typically $25.
It takes between 1-2 business days to process a withdrawal. If you request a withdrawal via our online portal, you should get an automatic email indicating the status of the withdrawal. Accounts funded via credit or debit card will be required to receive withdrawals via the same credit or debit card.
Please note that the credit card used for funding will be the same card used to return fund to when a withdrawal is requested. Please contact Zenfinex immediately if the card used to fund is closed or if a different credit card number is re-issued.
Domestic wire transfers generally arrive within 1-2 business days. International wire transfers are usually received within 3-5 business days.
Withdrawal using credit or debit cards usually takes 1-2 business days. In some cases the client should have to wait until the billing cycle ends to get his/her funds on the account.
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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