Home -

Main body -

WikiFX Express

IC Markets Global

Penzo Limited -Overview of Minimum Deposit, Leverage, Spreads

Penzo | 2025-01-02 15:18

Abstract：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.

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

Penzo Review Summary
Founded	2022
Registered Country/Region	Hong Kong
Regulation	Unregulated
Market Instruments	Forex, precious metals, energy, cryptocurrencies and indices
Demo Account	/
Leverage	1:100 - 1:200
Spread	From 0.1 pips
Trading Platform	MT5
Min Deposit	/
Customer Support	Live 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 Regions	The 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.

Pros and Cons

Pros	Cons
Various tradable assets	Unavailable website
Flexible leverage ratios	Unregulated status
Support MT5	Regional 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.

What Can I Trade on Penzo?

Tradable Instruments	Supported
Forex	✔
Precious metals	✔
Energy	✔
Cryptocurrencies	✔
Indices	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

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 Platform	Supported	Available Devices	Suitable for
MT5	✔	/	Experienced traders
MT4	❌	/	Beginners

Deposit and Withdrawal

Penzo only supports crypto-wallets and bank transfers.

Leverage Broker Currency Pair Dealer Forex trading Forex Broker forex pips Forex Currency pair leverage in forex forex market indices commodities MT5

Related broker

No Regulation

Penzo

Company name：Penzo Limited

Score

1.42

Website：https://penzo-trade.io

2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk

Score

1.42

Account Deleted, Funds Gone: A New Broker Tactic to Beware Of?

The main trading dashboard account of a trader for LQH Markets was completely deleted by a broker. The trader is not being offered any access to their funds or profits. This incident shows the risks of trading markets and brokers and the importance of protecting your funds without relying on any broker.

Original 2025-04-29 19:52

CySEC reaches €20k settlement with ZFN EUROPE

According to report, the Cyprus Securities and Exchange Commission (CySEC) announced today that it has entered into a settlement agreement with ZFN EUROPE Ltd for the amount of €20,000. This settlement resolves a regulatory inquiry into ZFN Europe’s compliance with Cyprus’s Investment Services and Activities and Regulated Markets Law of 2017, as amended.

Original 2025-04-29 16:56

PrimeXBT Expands Trading Options with Stock CFDs on MT5

PrimeXBT launches stock CFDs on MetaTrader 5, offering shares of major U.S. companies with crypto or USD margin for enhanced multi-asset trading.

Original 2025-04-29 16:25

Broker Comparsion: FXTM vs AvaTrade

FXTM and AvaTrade are two well-established online brokers offering forex and CFD trading across global markets. Both enjoy strong reputations and high ratings on WikiFX—FXTM holds an AAA overall rating, while AvaTrade scores 9.49/10, indicating they’re regarded as reliable choices by the community. However, since brokers have great reputation in the industry, how do we know which one is more suitable for individuals to invest in? Today's article is about the comparison between FXTM and AvaTrade.

Original 2025-04-29 15:06