Score
Penzo
Hong Kong|2-5 years| https://penzo-trade.io
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic Information
Hong Kong
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Website
penzo-trade.io
Server Location
United States
Website Domain Name
penzo-trade.io
Server IP
172.67.176.36
-
penzolead.com
Server Location
Hong Kong
Website Domain Name
penzolead.com
Server IP
180.215.217.222
-
pen-zo.com
Server Location
China
Website Domain Name
pen-zo.com
Server IP
119.13.92.82
Company Summary
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.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
Review 20
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FX1870588947
United States
I was deceived. It's all a scam. Now they have blocked my account and I can't open the webpage.
Exposure
2024-07-12
林84387
United States
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.
Exposure
2023-07-11
FX1870588947
United States
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.
Exposure
2023-05-12
林84387
United States
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
Exposure
2023-04-26
FX2602404032
United States
Didn’t I provide the photos? Deposit and withdrawal has been reviewed from February to now
Exposure
2023-04-11
FX2602404032
United States
It is unable to withdraw for more than a month since 2.26. I asked the customer service. The customer service said that there are too many orders, please wait patiently. Since the withdrawal is a system review, I can’t answer you. The customer service was impatient with my question and directly blocked me. Yes, there are pictures as proof, please don't be fooled
Exposure
2023-04-26
FX2602404032
United States
There are no updates for a month of withdrawal, the customer service says that the order volume is too large, and the system will automatically review the specific withdrawal and cannot answer anything more. Please wait patiently, if you ask more questions, he will block you, and finally cannot contact the customer service
Exposure
2023-03-17
林84387
United States
The address is missing an e, and now the money has not reached the account. They also suspend my account and ignore me. I do not know what to do with my 70k dollars
Exposure
2022-11-25
Tim7697
United States
How should I put it? I was planning to open an account before, but my position was inexplicably liquidated this morning. Haha, it's incredible
Exposure
2022-10-04
Tim7697
United States
Unable to transfer, I deposite for 10,000 US dollars, but the account was emptied today. pig-butchering scam, internal transaction! ! Account not guaranteed
Exposure
2022-10-03
林84387
United States
Miss an e in the address and the money cannot arrive. I hope someone can help me
Exposure
2022-08-30
林84387
United States
From penzolead.com, the principal of 70,000 dollars was transferred to crypto because the address was missing an e. It’s almost a week. Now I don’t know where my hard-earned money is going. The customer service doesn’t care about a regular transaction that can be retrieved. And the customer service push the responsibility on me. They do not deal with it. Everyone be careful. It's hard-earned money
Exposure
2022-07-28
林84387
United States
Transferring the money to the crypto address, but missing an e in address. The total is almost $70,000. The customer service does not care about it. I beg the relevant personnel to help me recover this loss, thank you
Exposure
2022-07-26
林84387
United States
Do not response. Only say hello. Do not handle anything.
Exposure
2022-07-18
林84387
United States
Yesterday I went to the crypto address from penzolead.com and wrote a wrong letter. I lost an e in the end. I talked to the customer service and said no matter. It may be less than $70,000. Stay away from penzolead.com.
Exposure
2022-07-18
林84387
United States
Yesterday, I was going to withdraw money to the crypto account because the first 2 times were successfully received, so I didn't see the address. I don't know why I got to an account and there was an e missing. I contacted customer service and said that my address was wrong. I don't care. The numbers are missing one e. They said that I was responsible for more than 60,000 dollars. Don't trust penzolead.com.
Exposure
2022-07-18
苗春乐
Hong Kong
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.
Neutral
2023-02-24
欢聚蓝濑
Taiwan
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.
Positive
2023-02-15
abbamk
United Kingdom
this broker it has a very amazing,it's a good and best that I ever use before,more again the broker has some great for everyone,that is why I am pride of this broker
Positive
2022-12-05
babbanyaya
Nigeria
this broker has the highest number of score in the wikifx broker regulatory
Positive
2022-12-05