EnzoFX Review – Is EnzoFX a Scam Broker?
- Website: https://enzofx.com/
- Website Availability: No
- Address: Costa Rica
- Warning: Not Recommended By Proupshot
- Domain Blacklisted Status: It seems there is no direct mention of this domain being on a blacklist.
EnzoFX Review: Key Issues You Should Know
The company EnzoFX was established in the year 2023 and declared itself based in Costa Rica for brokerage purposes that will give various trading options ranging from Forex to Precious Metal CFDs, from Energy CFDs to both Index and Share CFDs and also CFD cryptocurrencies through the MT5 platform. However, the bold allegations about the “legitimacy and operational transparency” of the brokerage keep popping up.
Questionable Licensing and Regulatory Claims
According to EnzoFX, the broker is owned by ‘Enzo FX Global Markets LLC’ with a company registration number 4062001308862. The number is consistent with Costa Rica, where the National Registry has the authority to register and document the companies and other commercial concerns. It does not deal with forex trading or other financial services. Hence having such a registration does not grant any power or rights to EnzoFX to operate like a legal forex broker.
A bit more exploration shows that EnzoFX is not even included in the list of supervised entities provided by SUGEF, which is the financial authority of Costa Rica. This elevates the whole issue around its compliance with the financial law and investor protection to a major red flag.
License Status Raises Alarms
EnzoFX also contemplates a registration license number RNPDIGITAL-1188703-2023, with a status marked as EXCEEDED. This denotes that the particular license has either already expired or no longer supports the services that the company is alleging. Such an instance of misusing the registration information to falsely bolster legitimacy raises serious concerns that an investor should keep in mind.
Troubling User Experiences
- One user stated that withdrawals were blocked once his friend deposited funds, which resulted in locking the account.
- Another user, with account number 851254, stated that he had placed multiple withdrawal requests without any success. Upon canceling and reapplying for withdrawals, no funds were released.
Take Action Today
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Reach out to us today for a free consultation and take the first step toward reclaiming your money!
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