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Penzo -

Score

1.42 /10
Danger

Penzo

Hong Kong

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://penzo-trade.io

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Comparison

Quantity 16

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

More

Company Name

Penzo Limited

Company Abbreviation

Penzo

Platform registered country and region

Hong Kong

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 16 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Survey

Danger

Penzo

Hong Kong

WikiFX Verification

Exposure

16 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

Unable to withdraw funds

I was deceived. It's all a scam. Now they have blocked my account and I can't open the webpage.

FX1870588947
2024-07-12 14:11
Others

Penzolead.com

The only way everyone can do now is to report to FBI. This company is a fraud company. It is a fake one. It is all deceitful and pig-butchering scam.

LIN84387
2023-07-08 11:01
Unable to Withdraw

penzolead.com

I used to trade with penzolead.com before, but when I paid the money, I might have had the wrong address and couldn't make it to the account for a long time. I hope you can help me

LIN84387
2023-04-26 07:27
Unable to Withdraw

Unable to withdraw

In March 2023, I was introduced by a friend to trade on this website, and they claimed to be regulated by the US Digital Fraud Enforcement Agency. I made a deposit, and the first withdrawal went smoothly. Then I invested more, but I was unable to withdraw the funds when I made the second withdrawal on March 24. I contacted the customer service, and the customer service told me that I need to pay 20% of the capital gains tax, and it cannot be deducted directly from the account. It needs to be resubmitted to another account designated by the platform, and the designated account can only be used for two hours each time, nad it is not fixed, it should be changed every two hours, otherwise the withdrawal cannot be made. When I contacted the customer service staff, no one responded to the message for a long time. I deposit more than 200,000 US dollars on the platform, and I only want to withdraw 500 US dollars, they asked me to pay more than 11,000 US dollars in capital gains tax. This is clearly a fraud, and I hope the relevant departments can help me.

FX1870588947
2023-05-12 05:59
Penzo · Company summary

Note: Penzo's official website - https://penzo-trade.io is currently inaccessible normally.

Penzo Review Summary
Founded2022
Registered Country/RegionHong Kong
RegulationUnregulated
Market InstrumentsForex, precious metals, energy, cryptocurrencies and indices
Demo Account/
Leverage1:100 - 1:200
SpreadFrom 0.1 pips
Trading PlatformMT5
Min Deposit/
Customer SupportLive chat
Email: support@penzolead.com
Instagram, Facebook, and Twitter
Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon, Hong Kong
Restricted RegionsThe United States, Canada, United Kingdom, Iran, North Korea and Cuba

Penzo is registered in Hong Kong and is not regulated. It offers trading in forex, precious metals, energy, cryptocurrencies and indices with leverage up to 1:200 and spread from 0.1 pips via the MT5 platform.

Penzo's homepage

Pros and Cons

Pros Cons
Various tradable assetsUnavailable website
Flexible leverage ratiosUnregulated status
Support MT5Regional restrictions
Limited payment options

Is Penzo Legit?

No, Penzo is not regulated. Traders should carefully consider the risks it brings when choosing to trade with it.

No license

What Can I Trade on Penzo?

Tradable Instruments Supported
Forex✔
Precious metals✔
Energy✔
Cryptocurrencies✔
Indices✔
Stocks❌
Bonds❌
Options❌
ETFs❌
What Can I Trade on Penzo?

Leverage

Penzo offers leveragefrom 1:100 to 1:200,which can potentially bring high returns, but it also comes with high risks.

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔/Experienced traders
MT4❌/Beginners

Deposit and Withdrawal

Penzo only supports crypto-wallets and bank transfers.

Payment options

User Reviews

More

User comment

3

Comments

Write a review

苗春乐
more than one year
I have been trading with Penzo for over 5 months and have had some issues in many places but overall there was nothing that struck me out of the ordinary. There was an incident in which I could not withdraw funds for a while but it was solved finally.
I have been trading with Penzo for over 5 months and have had some issues in many places but overall there was nothing that struck me out of the ordinary. There was an incident in which I could not withdraw funds for a while but it was solved finally.
Translate to English
2023-02-24 16:48
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欢聚蓝濑
more than one year
Very good service. I am so happy to say this. I understood daily market conditions can make good profits to cover..my finance manager lead me well. Thank you.
Very good service. I am so happy to say this. I understood daily market conditions can make good profits to cover..my finance manager lead me well. Thank you.
Translate to English
2023-02-15 11:40
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0
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16